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The Latest Breaking News from Fortune

Businesses Are Turning Toward Wealthier Shoppers. Lower-Income Consumers Are Pulling Back On Spending

U.S. economy may be holding steady overall, but the financial divide is getting harder to ignore. Higher-income households are spending more and seeing stronger wage growth, while lower-income households are increasingly feeling left out, according to recent data from the Bank of America Institute.

Benzinga

Fortune Tech: Trump threatens EU with tariffs after Google fine

The President threatens to punish the EU for what it perceives as unfairly targeting U.S. tech companies

Fortune

Ken Griffin lays down the law on why Trump needs to back off the Fed, saying his meddling could prompt a national debt crisis

Ken Griffin warns Trump’s pressure on Jerome Powell and the Federal Reserve risks eroding U.S. institutional credibility.

Fortune

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Hitachi Rail Group CEO Giuseppe Marino is trying to build high-speed rail in the U.S.

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The most troubling feature of the job market is how thinly spread gains are, top economist says — 'this only happens when the economy is in recession'

"Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero job growth."

Fortune

Silicon Valley's graying workforce: Gen Z staff cut in half at tech companies as the average age goes up by 5 years

As AI takes over entry-level jobs, the amount of Gen Z at large public tech companies like Meta and Microsoft has been slashed in half, and the age of the typical worker went up up 5 years since 2023. Experts say this shift could stifle innovation—but here’s how young workers…

Fortune

An inside look at the US Open’s $800 million push into building more luxury spaces for fans

Earlier this year, the United States Tennis Association unveiled plans for its flagship US Open tennis tournament to add more luxury spaces to its Arthur Ashe Stadium.

Fortune

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This Stanford computer science professor went to written exams 2 years ago because of AI. He says his students insisted on it

"We had a big, I don't know, existential crisis among students a few years back," Jure Leskovec told Fortune, "when it kind of wasn't clear what our role is in this world."

Fortune

This millennial became a millionaire before turning 30 thanks to early investments in Deliveroo and Revolut—he shares how Gen Z can spot the next startup jackpot

EXCLUSIVE: Martin Mignot made his first millions before turning 30 thanks to investments in the likes of Deliveroo before it became famous. Now, he’s revealing how Gen Z can spot the next unicorn—and cash in early.

Fortune

This podcaster went from a top insurance salesman to #1 on Apple Podcasts making $7 million a year. He tells Gen Z they just need a phone to copy him

Mick Hunt seemingly became a millionaire podcaster overnight—but it started with a career of hard work and figuring out his “Because.”

Fortune

Anthropic reaches $1.5 Billion settlement with authors in landmark copyright case

Anthropic’s deal with authors may accelerate a shift toward licensing copyrighted material needed to train AI models, legal experts say

Fortune

An Indiana lawyer named Mark Zuckerberg is suing Meta, saying his Facebook page keeps getting disabled because he was 'impersonating a celebrity'

Despite Zuckerberg being locked out of his account for months at a time, Meta kept the $11,000 the lawyer spent on advertising for his firm, according to the lawsuit.

Fortune

Nike’s ‘Why do it?’ campaign has a Gen Z twist—but branding experts are skeptical, saying it messes with one of the most iconic taglines in history

Nike just launched a new 60-second ad featuring Carlos Alcaraz, Saquon Barkley, Caitlin Clark, and LeBron James.

Fortune

Nvidia CEO Jensen Huang sent research reports on Sundays to SoundHound’s CEO for feedback—an unusual ritual that helped grow the $5 billion AI firm

Nvidia’s Jensen Huang became an unlikely mentor to SoundHound’s Keyvan Mojajer—helping transform a dorm room idea into a $5 billion AI company.

Fortune

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Multimillion-dollar restaurant CEO splurged on Range Rovers and McLarens—but now he's 'mindful' about spending because the economy is so unpredictable

Millennial founder and CEO of Big Dave’s Cheesesteaks, Derrick Hayes, splurged on Bentleys, a Range Rover, and McLaren after achieving multimillion-dollar success. But he says he’s spending more wisely as the economy is too uncertain.

Fortune

America’s homeownership rate falls for the first time since 2016 amid economic and demographic shifts, Redfin says

Renting is all the rage, surging by the greatest level seen in years.

Fortune

The labor market is balancing on a knife edge, and the factors weakening it aren’t going anywhere

The Federal Reserve faces rising labor market weakness as BLS revisions, JOLTS downturn, and AI job displacement fuel calls for FOMC rate cuts—but what underlying factors are shaping the data, and are they here to stay?

Fortune

Exclusive: Baseten, AI inference unicorn, raises $150 million at $2.15 billion valuation

Baseten has raised a $150 million Series D, led by Bond, Fortune has exclusively learned.

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Fortune

When the bond market sneezes, corporate America worries about a 'debt-induced heart attack'

Also: All the news and watercooler chat from Fortune.

Fortune

As Trump pushes Supreme Court to uphold his tariffs, he signals trade deals will be defunct if he loses the case: 'I guess we'd have to unwind them'

“If we don't win that case, our country is going to suffer so greatly, so greatly,” the president said on Wednesday.

Fortune

Trump demands immediate Supreme Court showdown over tariffs, warning of ‘economic catastrophe’ if they don’t remain in place

The Trump administration says the court’s decision cast “a pall of legal uncertainty over the president’s efforts to protect our country.”

Fortune

America’s billionaires are worth $5.7 trillion—but they've only pledged or donated $185 billion of that in the last decade

The U.S.’s 1,135 billionaires are sitting on a collective $5.7 trillion, but few are giving back through philanthropy: They've only pledged or donated 3% of that in the last decade.

Fortune

Brooks CEO Dan Sheridan leads his company with a Charlie Munger-inspired mantra: low arrogance and a bureaucracy allergy

Brooks CEO Dan Sheridan does all he can to avoid the ABCs—or what Warren Buffett calls “corporate cancers”: arrogance, bureaucracy and complacency.

Fortune

Exclusive: Crypto firm Fireblocks launches a stablecoin payments network

More than 40 companies have joined the network, including Bridge, a stablecoin startup recently acquired by the fintech giant Stripe.

Fortune

Forget vapes: Nicotine pouch startup Sesh raises $40 million from 8VC, Post Malone, and Diplo to take on Zyn

Founder Max Cunningham is hoping to reshape U.S. nicotine consumption through his venture-backed startup.

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