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The Latest Breaking News from Fortune

MacKenzie Scott says her college roommate loaned her $1,000 so she wouldn't have to drop out—and is now inspiring her to give away billions

MacKenzie Scott has donated over $19 billion in the past five years.

Fortune

If you think beef is expensive now, just wait until next year when prices could soar nearly 60%

"Families are going to see $10-a-pound ground beef in the grocery store."

Fortune

'A national security problem and a homeland security problem': The world targets Southeast Asia's notorious scam centers

The U.S. announced on Thursday that it will start a new "Scam Center Strike Force" to target cybercriminals based in Southeast Asia

Fortune

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Fed researchers say tariffs actually lower inflation — because they're demand shocks that slam employment and economic activity

"Instead, tariff shocks appear to act as aggregate demand shocks—moving inflation and unemployment in the same directions."

Fortune

Apple is ramping up succession plans for CEO Tim Cook and may tap this hardware exec to take over, report says

John Ternus, Apple's senior VP of hardware engineering, could take control of the company as soon as next year, sources told the Financial Times.

Fortune

Despite AI bubble fears, Warren Buffett's Berkshire Hathaway loads up on shares of hyperscaler Alphabet amid huge rally

Berkshire Hathaway revealed in a regulatory filing late Friday that it purchased 17.8 million shares of Google parent Alphabet during the third quarter.

Fortune

Four guiding principles to navigate a new uncertain environment

Uncertainty is a constant. How you respond to it is up to you.

Fortune

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Restoring America’s manufacturing backbone through semiconductor leadership

America, the birthplace of the transistor and, by extension, the modern semiconductor industry, has gradually ceded its leadership. Not anymore.

Fortune

Like Steve Jobs, this 55-year-old CEO attended community college—and he warns Gen Z 'don't let ego get in the way' when deciding their future

As student debt balloons past $1.6 trillion, First Watch CEO Chris Tomasso encourages Gen Z to ditch prestige for practicality.

Fortune

Scaramuccis led $220 million investment in crypto mining firm tied to President’s family—‘Bitcoin transcends politics’

Once a member of Trump’s first administration, Anthony Scaramucci has become a vocal critic of the President.

Fortune

Trump blames 'Too Late Powell' for the housing crisis—but top analysts say low rates 'snapped the trap shut' on Millennial and Gen Z homeowners in the first place

Despite multiple Fed cuts, mortgage rates remain elevated as lenders largely ignore monetary policy amid tight housing supply, pandemic-era buying.

Fortune

Phia, the buzzy AI shopping tool, was pulling far more user data than disclosed, security researchers say

According to security researchers, the browser extension was collecting HTML information of every web page a user visited, including sensitive data like bank statements and private emails, and transmitting it back to the company's servers.

Fortune

'We've probably made housing unaffordable for a whole generation of Americans': top real-estate CEO on the real cost of Covid economic firefighting

"Affordability has probably never been as bad as it is today,” said Amherst's Sean Dobson. "You've got to be very, very careful."

Fortune

Meet the 73-year-old who splits his time between Panama and the U.S.: ‘$500 is my cost of living, plus food’

Wells took up a permanent residence in Boquete Panama in 2015.

Fortune

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Fortune

Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman

Across messages with lawyers, acquaintances, reporters, academics, and political figures, Epstein invoked Trump constantly.

Fortune

Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’

CEO Daniel Schulman, who formerly headed PayPal’s global transformation and Virgin Mobile’s $483 million sale, looks to turn around the telecoms giant.

Fortune

Meet Walmart's new CEO, John Furner: Once an hourly worker, he'll helm the top company in the Fortune 500

Furner said he learned the value of hard work from his grandfather, who was a farmer.

Fortune

Anthropic says its latest model scores a 94% political 'even-handedness' rating

Anthropic notes in a blog post that it has been training Claude to have character traits of “even-handedness” since early 2024.

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Fortune

Crypto market plunges as Bitcoin falls below $97,000

Another rough week prolongs crypto’s month-long slide.

Fortune

Trump’s tariffs are a $29 billion tax on Americans’ holiday shopping bills, Lending Tree says

The tariff regime will cost you an extra $132 for gifts this year, which could have "a real impact on many families," LendingTree's Matt Schulz says.

Fortune

There's still 'no evidence' China is buying all the U.S. soybeans it promised under Trump's trade deal amid oversupply from South America

"The door hasn’t closed yet for U.S. soybeans, but we’re getting very close to that point."

Fortune

China's unemployed Gen Z are proudly calling themselves 'rat people' and spending entire days in bed

Experts say the movement is a global 'quiet protest' against current job market and burnout.

Fortune

Homeland Security secretary promises $10,000 bonuses for select TSA agents who worked during the government shutdown—but there’s a catch

The bonuses are only for workers who went ‘above and beyond,’ Kristi Noem said.

Fortune

This ‘hidden’ career path is in dire need of more workers—and it can pay Gen Z over $300,000 with no degree required

Six-figure salaries are within reach for Gen Z, but only if they’re willing to brave extreme weather, noisy tarmacs, and the smell of jet fumes.

Fortune

Billionaires are swapping art and cars for sports teams as their top 'trophy' investment, JPMorgan says

Three years ago, only 6% of billionaires had controlling stakes in sports teams. Now, that share has jumped to 20%.

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