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The Latest Breaking News from Fortune

Elon Musk revives billionaire beef with Bill Gates, says he better exit his 'crazy short' against Tesla soon or else add to his $1.5 billion in losses

“I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla,” Musk said at the time Gates made his bet.

Fortune

One man is responsible for the McDonald's Dollar Menu, Pizza Hut's stuffed crust, and Smashburger. Meet Tom Ryan

Ryan was a hitmaker everywhere he went, from Pizza Hut to Quiznos to McDonald's and beyond.

Fortune

Trust is the missing ingredient in the AI boom

There is a soft underbelly of the AI boom, a deep sense of unease about its employment effects and a lack of understanding of benefits to the consumer.

Fortune

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Satya Nadella relinquishes his role as Microsoft's communicator-in-chief

Also: All the news and watercooler chat from Fortune.

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Odds of President Trump paying out $2,000 tariff rebate checks now sit at 2%

In the days since President Trump made the pledge, members of his cabinet have poured cold water on the plans.

Fortune

Newly released emails and a Trump-ordered investigation have thrust Reid Hoffman into the Epstein firestorm

Documents show Epstein was giving advice to Hoffman as late as 2017.

Fortune

Trump 'dominates the political scene' like no other recent U.S. president, says famed diplomat Kishore Mahbubani

America’s economy is still 1.5 times larger than China’s, and it has a powerful weapon: the U.S. dollar.

Fortune

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Trump promises to send $2,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

Treasury Secretary Scott Bessent has seemed unsure about the idea: "we will see.”

Fortune

Companies need to take a human-centric approach to AI, experts say, as executives try to shift from experimentation to implementation

“For every dollar that we spend on technology, we should spend three more on people," said Gastón Carrión, Accenture’s APAC lead of talent.

Fortune

Goldman says the stock market has already priced in the AI boom, with $19 trillion of market value running ahead of actual economic impact so far

"Past innovation-driven booms—like the 1920s and in the 1990s—have led the market to overpay for future profits even though the underlying innovations were real."

Fortune

Harvard now owns nearly half a billion dollars worth of Bitcoin, filings show

The Ivy League school invested more than 20% of its U.S.-listed public equity holdings in a crypto ETF.

Fortune

Top analyst sees 'genuine cracks for mid- to lower-end consumers' as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow."

Fortune

Hedge fund billionaire Bill Ackman just dropped a four-word dating tip — and the internet is going crazy over it

Your next relationship might start with: “May I meet you?”

Fortune

'I'm deeply uncomfortable': Anthropic CEO warns that a cadre of AI leaders, including himself, should not be in charge of the technology’s future

Dario Amodei, who left OpenAI before founding Anthropic, has been outspoken about the need for greater AI regulation.

Fortune

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Hard work beats talent when it comes to success, UPenn psychologist says: 'Effort counts twice'

Skill is kind of barren unless you apply it,” Angela Duckworth said.

Fortune

Rural America's farm economy is struggling with its own K shape, as government payouts rocket to crisis levels

"As a share of GDP, government payouts will approach levels rarely seen outside of the 1980s' farm crisis and the farm aid packages under the first Trump presidency."

Fortune

How Malaysia shrugged off Trump's tariffs, according to its finance minister: 'We didn't panic'

"We weren’t going out there and saying 'I’m going to reset my [growth] targets,'" Malaysia Finance Minister II Amir Hamzah Azizan explained.

Fortune

Inside billionaire Gabe Newell's new $500 million superyacht, which has a submarine garage and its own hospital

Newell, 62, has a lot to celebrate this month, including his gaming company Valve announcing three new pieces of hardware.

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Fortune

Michael Dell founded his $90 billion company—once the largest PC maker—as a 19-year-old in his college dorm. Here’s his secret to making it big

From selling newspapers to selling computers, Michael Dell has always been about taking risks.

Fortune

Jeff Bezos is reportedly becoming a CEO again—and it's for a $6.2 billion AI startup called 'Project Prometheus'

Prometheus brought fire to humanity in Greek myth. Could Project Prometheus help make Bezos' dreams of "millions of people living in space" come true?

Fortune

China's focus on 'diffusion' and open-source may prove a better AI play than the U.S.'s drive for 'perfection'

Experts said Chinese open-source AI models tend to be cheaper and more lightweight, enabling better diffusion into the mass market.

Fortune

Mark Cuban reveals the job-hunting advice he gives his two college-age children in the age of AI

At large corporations, AI skills can end up feeling “somewhat extraneous,” the billionaire said.

Fortune

Nvidia's Jensen Huang says ‘to be a CEO is a lifetime of sacrifice,' but his parents prepared him for the 'pain and suffering' of leadership

"Most people think that it's about leading and being in command and being on top. None of that is true. You're in service of the company," he says.

Fortune

Work-life balance finally outranks pay as a top motivator for job seekers, but CEOs aren’t sold

Gen Z talent rank work-life balance far above pay, more than any other generation of workers. Meanwhile, CEOs are split on whether it’s possible to have the best of both worlds.

Fortune

Companies and countries can stay nimble even as they navigate the ‘unexploded ordinance’ of U.S.-China competition, experts say

There's “incredibly high stakes" on the geopolitical front, foreign policy expert James Crabtree said during the Fortune Innovation Forum.

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