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The Latest Breaking News from Fortune

Consumer sentiment is sinking across the board — except for Americans with the most stocks

"One key exception: consumers with the largest tercile of stock holdings posted a notable 11% increase in sentiment, supported by continued strength in stock markets."

Fortune

Elon Musk’s Boring Company fined nearly $500K after it dumped tunnel drilling fluids into Las Vegas manholes—and then ‘feigned compliance’ and was caught doing it again

A Nevada regulator accused Boring of dumping drilling fluids into a county sewage system in Las Vegas, the latest in a series of violations against the moonshot tunneling startup.

Fortune

AI’s hidden recession: How fewer jobs and cultural backlash create a governance crisis

AI will redefine how humans create value. Whether it also redefines who is allowed to create value will depend on the choices leaders make now.

Fortune

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Trump’s unprecedented move to withhold SNAP benefits has nation’s largest food charity despairing: ‘The situation is catastrophic’

Feed for America said traffic to its online food-bank locator has jumped sixfold since the shutdown began.

Fortune

The broken narrative of higher education bears little resemblance to students’ real lives

Congress members’ own backgrounds and pop culture both play a powerful role in shaping the nation’s (negative) perception of higher education.

Fortune

Success doesn’t kill insecurity—even billionaires and Oscar-winners beg for feedback between takes, MasterClass CEO says

Even after becoming a CEO or Hollywood star, the drive for improvement is embodied among the most successful people, according to MasterClass CEO David Rogier.

Fortune

'Living and working in Florida is like being in a toxic relationship,' but the Northeast shows jarring differences, real estate founder says

"It's like having a multiple personality disorder" to see bidding wars in Long Island and discounts in Miami, Erin Sykes said.

Fortune

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Data-center operator CoreWeave is a stock-market darling. Bears see it as a symbol of the AI infrastructure bubble

Cloud-computing giant CoreWeave is valued at more than $50 billion, but a heavy debt load represents a major vulnerability.

Fortune

Bank of America's CEO sees a 'huge opportunity' in the U.S. wealth business

Brian Moynihan discussed bold growth targets and a strategy with reporters at the bank's investor day.

Fortune

U.S. Olympic gold medalist Hezly Rivera shares her secret to switching her mindset to calm mode before performing

“When I’m getting ready, I like to stay as calm as possible. I don’t listen to music, I take a nap. I try to get my mind off gymnastics,” Rivera tells Fortune.

Fortune

Frontier’s CEO on air travel reductions: Buy a second plane ticket from competitors if you ‘don’t want to be stranded’

"If you are flying Friday or in the next ten days and need to be there or don't want to be stranded, I highly recommend booking a backup ticket on another carrier."

Fortune

AI's ability to 'think' makes it more vulnerable to new jailbreak attacks, new research suggests

A new study suggests that the advanced reasoning powering today’s AI models can weaken their safety systems.

Fortune

Asian universities turn into tourist destinations as Chinese students look closer to home for higher education

Tourists have long flocked to Western universities, like Oxford or Harvard—but visitors are now adding Asian campuses to their itineraries.

Fortune

Top housing exec rips Americans who 'want things that we don't want to pay for' and neglect the blue-collar trades at our peril

Allan Merrill of Beazer Homes wonders: Do you want a degree that gives you six figures of debt and a $60k salary or a stable job that brings in $150k?

Fortune

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Fortune

MacKenzie Scott has donated more than $19 billion—but it's barely made a dent in her net worth because of the power of Amazon shares

The billionaire philanthropist has already reduced her Amazon stake by 42%.

Fortune

The housing affordability crisis is so bad that the average American first-time homebuyer is 40 years old

As ResiClub editor Lance Lambert puts it, the first-time homebuyer in 2025 is just as close to taking Social Security as to graduating from high school.

Fortune

Starbucks apologizes for $29.95 'Bearista' chaos after many fans miss out and merch resells for up to $50,000 online

"The excitement for our merchandise exceeded even our biggest expectations," Starbucks said in a statement to Fortune.

Fortune

The most conservative Supreme Court justices will likely join the liberals against Trump's tariffs, analyst says

"The more likely scenarios would all have Thomas, Alito, and Gorsuch voting to strike down the IEEPA tariffs or to curtail them, in our view."

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Fortune

Trump's housing chief calls Jerome Powell a 'maniac' who is 'deranged,' arguing high mortgage rates are 'really hurting people'

Speaking at the ResiDay conference, Bill Pulte said President Donadld Trump avoids D.C. groupthink, but "these other people, like Powell, they've lost their mind."

Fortune

Netflix cofounder says he stopped work at 5 p.m. every Tuesday for 30 years to stay ‘sane,’ no matter the crisis: ‘Nothing got in the way of that’

For Marc Randolph, the cofounder of $467 billion entertainment giant Netflix, there was one rule about clocking out that kept him “sane” while working for three decades.

Fortune

Not all degrees are a waste of time and money: This ‘life skills' university has become a magnet for the Wall Street elite

As Gen Z questions whether college is worth it, graduates from this ‘life skills’ university had a 99.2% placement rate—far exceeding the national average for success.

Fortune

A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves

Wrongly accused bankers are fighting back against the institutions that betrayed them, including Tom Hayes.

Fortune

Ten years ago, millennials bought first homes at 31. Now, Gen Z may wait until 40 as the housing market grows increasingly out of reach

Despite affordability headwinds, more than half of Gen Z still thinks homeownership is part of the American dream.

Fortune

Scott Galloway says it's actually good to have imposter syndrome: 'If you’re not in rooms you don't deserve to be in, you're not trying that hard'

"I fooled them getting into UCLA. I fooled them getting a job at Morgan Stanley. I fooled them getting into graduate school. That's just natural," he said.

Fortune

EU moves to weaken landmark AI Act amid pressure from Trump and U.S. tech giants, according to news report

The European Commission is considering softening parts of its flagship AI Act amid industry complaints that strict rules could stifle innovation and hurt competitiveness.

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