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The Latest Breaking News from Fortune

Giving Elon Musk’s DOGE access to the Treasury payment system raises the risk of a U.S. debt default and global financial crisis, senator warns

The Treasury Department’s payment system has been likened to the government’s checkbook and makes $6 trillion in disbursements a year.

Fortune

Influencers and social media creators active on Elon Musk’s X are getting on-platform payments soon

By partnering with Visa, creators and influencers active on Elon Musk’s X should soon have access to fast and secure money transfers on the platform.

Fortune

Klarna’s CEO warns AI will replace human workers—and his company is already living it

“I am of the opinion that AI can already do all of the jobs that we, as humans, do,” Sebastian Siemiatkowski said.

Fortune

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Auto stocks fall as investors watch Trump tariffs

The selloff subsided when Trump announced the tax hike on Mexican imports would be postponed for one month.

Fortune

Which products will carry the brunt of the Trump tariffs?

Guacamole is safe for a little while longer. Lumber? Not so much.

Fortune

Americans brace Trump tariff 'pain' that could cost them over $1,200 a year

Prices for gas, electronics, and cars could increase the most.

Fortune

Hours before their shift, USAID staff received an email stating they were locked out of headquarters

The move comes amid a clash between USAID, Donald Trump, and Elon Musk's DOGE initiative, which has left the agency's operations paralyzed.

Fortune

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The U.S. spends more on health care than any wealthy nation—but American lifespans are shorter

In American, money can't buy longevity.

Fortune

Beyoncé gets her due from the Grammys

"Cowboy Carter"'s album of the year win is long overdue for the pop superstar.

Fortune

Robinhood is letting some customers wager on the outcome of Super Bowl LIX

Some customers will be able to wager on the outcome of the Chiefs vs the Eagles in Robinhood's first foray into sports betting.

Fortune

How BlackRock's startup culture made it a Wall Street first mover in crypto

BlackRock COO Rob Goldstein hailed the company’s culture of innovation at a private event at its New York City headquarters on Monday.

Fortune

Companies must prepare for more Trump tariffs, says expert

The next set of tariffs is expected to be a core part of President Trump’s trade and economic policy.

Fortune

Temu, Shein, and Amazon to be held liable by the EU for dangerous and illegal products they sell, report says

A high number of “products that are unsafe, counterfeit, or otherwise noncompliant leads to serious safety and health risks,” the draft proposal said, per the FT.

Fortune

How Newlab transformed the Brooklyn Navy Yard into a leading tech hub

From ammonia power to 3D printed bras, a tour of Newlab’s New York facilities.

Fortune

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Fortune

Elon Musk is teaming up with Jamie Dimon to convince investors that DOGE is good for U.S. debt

Dimon and Musk’s collaboration comes just weeks after Dimon offered to help the billionaire with his government cost-cutting initiative.

Fortune

How to be CEO of a Blackstone company

Blackstone follows a strict playbook to evaluate potential portfolio company CEO candidates, assessing their prospects for success and failure.

Fortune

What CEOs really think of Trump’s tariffs

Also: Activist investor warns of crypto bubble, Dell shuts off remote work.

Fortune

Tariffs are exactly what Trump promised—the market ‘completely underpriced risks,’ says Deutsche Bank economist

Deutsche Bank has a wake-up call for analysts who denied Trump would deliver on tax rhetoric—but UBS is questioning how quickly the White House may retreat.

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Fortune

Violent crypto robberies are on the rise—spurring demand for 'wrench attack’ insurance

The cofounder of Bitcoin insurer AnchorWatch says demand has surged since the brutal kidnapping of a French crypto executive.

Fortune

Taiwan offers to help firms looking to relocate following Trump’s tariff threats

The region’s economic ministry said it’s setting up a consultation hotline and consultation services for affected firms.

Fortune

Estée Lauder’s $100 billion meltdown: How a big bet on China helped drag down shares in the luxury beauty titan

Profit fell 60% over the past year for the maker of Aveda, Clinique, and MAC.

Fortune

Gen Z are over having their work ethic questioned: ‘Most boomers don’t know what it’s like to work 40+ hours a week and still not be able to afford a house’'

One Gen Zer went viral for explaining how much easier life was for boomers.

Fortune

Manhattan housing inventory drops 17%, according to report

Despite low active inventory, prospective NYC homebuyers who can manage it may want to jump into the market before prices increase further.

Fortune

The Capital One-Discover merger could close soon. That means big changes are coming for cardholders

Capital One’s $35.3 billion acquisition of Discover could close as early as February. It has the potential to reshape the credit card business.

Fortune

The best savings account bonuses of February 2025

Banks are eager to attract new customers, but to get the most lucrative bonuses, you’ll have to read the fine print.

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