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The Latest Breaking News from Fortune

'SpaceX is his new baby at the expense of Tesla': Elon Musk’s IPO could be bad news for his EV maker, investors warns

SpaceX will reportedly allocate 30% of shares to retail investors, betting on the CEO’s loyal base of investors—and putting Tesla under more scrutiny.

Fortune

Cloudflare posted record revenue, then cut 20% of its workforce. CEO Matthew Prince says AI has made an entire category of workers obsolete

Prince said in a recent Wall Street Journal op-ed that the company would cut “measurers” while prioritizing hiring of “builders” and “sellers.”

Fortune

Prakash Arunkundrum, HP’s first-ever chief strategy and transformation officer, bets edge AI will help companies 'bring the token cost down'

AI PCs are helping to drive HP's sales, even as higher memory costs are starting to erode margins.

Fortune

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What is red light therapy? Benefits, uses, and more

Learn exactly what red light therapy is and how to use it.

Fortune

Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’

Meta in the first quarter reported $56.31 billion in revenue, its biggest year-over-year increase in five years.

Fortune

Trump says he’s calling off widely anticipated order to rein in AI

President Donald Trump called off plans to sign a new executive order on artificial intelligence hours before an expected White House ceremony Thursday because he said he was worried the measure could dull America’s edge on AI technology. Trump said he was postponing the Oval Office event with tech industry…

Fortune

Ro Khanna blames 'clueless' boomers for Gen Z booing AI: They handed over a ‘broken economy'

"Young people are anxious, that they're economically frustrated, and they view AI with deep anxiety and suspicion, not as some kind of great thing."

Fortune

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Anthropic lands in London as AI-powered coding—and the anxieties around it—go mainstream

Anthropic’s top brass decamped to the U.K. this week, pitching Claude as a safer way to automate coding while engineers mull what it means for their jobs.

Fortune

The Fed is dusting off a 60-year-old economic theory to explain why AI's entry-level job cuts could devastate corporate America

Kenneth Arrow argued that experience-based knowledge ripples through the entire economy. Automating entry-level jobs doesn't just hurt young workers, it could hollow out the companies doing the cutting.

Fortune

The Midwest is leading America's spring housing rebound because of 'buyers who are actually showing up,' Realtor.com says

Kansas City, Louisville, and Indianapolis are powering the strongest spring housing market since 2022 as buyers chase affordability in the Midwest away from a cooling Sun Belt.

Fortune

Intuit CFO on why the company is simplifying its structure

CFO Sandeep Aujla says Intuit is flattening management layers and reorganizing around AI, speed, and long-term growth.

Fortune

McKinsey partner says up to 50% of work hours could be transformed within the next 5 years

Anu Madgavkar, a partner at the McKinsey Global Institute, predicts that up to half of professionals’ working lives could be transformed by the turn of the decade.

Fortune

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Billionaire Amazon founder, Jeff Bezos, says the bottom 50% of Americans should pay no federal income tax—and he plans to pitch the idea to President Trump.

Fortune

MacKenzie Scott gave away more than $7 billion last year—but her secretive style got her snubbed from a top donors list

“MacKenzie Scott is among the notable absences on the Philanthropy 50 list,” the Chronicle of Philanthropy said.

Fortune

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Current price of oil as of May 21, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Wall Street thinks there's a chance the S&P 500 could push 20% higher by 2027

Everything you need to know before you reach the office this morning.

Fortune

Trump Accounts have a bigger problem than billionaire stock donations

The debate over billionaire stock donations to children's investment accounts has obscured the real problem: 67 million eligible kids still don't have one.

Fortune

SpaceX's IPO filing is full of surprises

SpaceX’s long-awaited IPO prospectus was revealing. Here are some key takeaways.

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news in one place.

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Fortune

The U.S. freight network is broken by design. One merger could start fixing it

The Union Pacific–Norfolk Southern merger deserves scrutiny but also serious consideration, because the alternative is a system never built to work.

Fortune

Europe is considering price caps to control inflation. CEOs are shaking their heads in despair

With inflation fears stalking the globe, politicians are once again reaching for the wrong lever.

Fortune

The SpaceX IPO is a referendum on Elon Musk and his plan to colonize Mars

Also: All the news and watercooler chat from Fortune.

Fortune

'Flexible hot girl summer' is still on, but it's going to cost you

Your hot girl summer plans to Europe are still on, but just plan a few months ahead to save as much as possible.

Fortune

Ex-Facebook exec Sheryl Sandberg tells Gen Z the 10-year career plan is dead thanks to AI: 'Don't script your career when the future is uncertain'

The former Meta says rigid career plans will backfire: "If I had one, I would have missed the internet," Sheryl Sandberg warned Gen Z.

Fortune

With bond yields surging to 4.7%, it's time to rotate out of stocks says Research Affiliates' forecasting model

Record stock prices, surging bond yields — Research Affiliates has surprising advice on where to invest for the next 10 years.

Fortune

Microsoft lost its way in the AI race. Can Copilot get it back on course?

An early alliance with OpenAI hasn't been enough to keep the software giant in first place. Here's how Satya Nadella and his team are refueling for the long run.

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