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The Latest Breaking News from Fortune

Top U.S. oil producer declares “green” light on drilling for more oil amid Iran war

Diamondback is the largest U.S. oil producer to hike spending and drilling as a result of the Iran war thus far.

Fortune

Starbucks CEO gets roasted for $9 'premium experience' remarks, but Wall Street toasts his tariff-era turnaround strategy

Brian Niccol pitched a $9 cup of coffee as an affordable luxury that people don't mind "splurging" on. The internet didn't agree.

Fortune

'You could say the ceasefire has ceased': Iran is back on Wall Street's radar as oil prices spike 6%

The U.S. and Iran traded shots, while the UAE was slammed by drone strikes.

Fortune

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China stopped issuing new robotaxi licenses over a glitch. America can't stop them from rolling into active shooter situations

As robotaxis rack up incidents with zero federal consequences, new research finds more states are passing laws to get Americans to drive less.

Fortune

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

With across-the-board job growth yet to materialize, AI investment is propping up economic activity.

Fortune

Investors endorse Greg Abel—even as Berkshire crowd thins without Buffett as CEO. ‘This was definitely the meeting with the deepest insights’

Longtime investors say any concerns about the transition from Buffett to Abel are now put to rest.

Fortune

GameStop wants to buy eBay for $56 billion. Wall Street has one big question

Ryan Cohen says a tie-up could turn eBay into a company worth hundreds of billions, but analysts are cautious about rocking the boat.

Fortune

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The dark side of the American work ethic: widespread sleep deprivation, linked to obesity, depression, even early death

“Rise and grind” culture is a public health nightmare that could be costing the U.S. more than $400 billion a year.

Fortune

BofA throws cold water on AI apocalypse panic: 60% of today's jobs didn't exist in 1940

AI will reshape 840 million jobs, BofA says. That’s not the same as destroying them.

Fortune

America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says

The U.S. has lost 35% of manufacturing jobs since its 1979 peak. Cornell economist Eswar Prasad said that’s not necessarily a bad thing.

Fortune

Goldman: AI will save the economy someday. First, it has to stop inflating it

The AI productivity boom hasn't quite arrived yet, but the inflation from building it has. Maybe Gen Z is onto something with their AI rebellion.

Fortune

A Harvard study just found AI can now out-diagnose physicians in the ER: ‘We’re already at the ceiling’

Even the researchers were surprised by the results.

Fortune

Hugh Jackman advises new grads that the most powerful career cues are ‘often disguised as failure’

Hugh Jackman, who was nominated for an Oscar for “Les Misérables,” says he’s continued to fail all of his Hollywood career—and he advises Gen Z graduates to follow whatever scares them.

Fortune

Bitcoin breaks $80k as long-awaited CLARITY Act approaches finish line

‘We’re in the red zone,” Senate Banking Committee chairman Tim Scott said

Fortune

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Fortune

Anthropic takes shot at consulting industry in joint venture with Wall Street giants

The enterprise services firm with Blackstone, Goldman Sachs and Hellman & Friedman puts Anthropic in direct competition with McKinsey and the like.

Fortune

Battle for Hormuz begins as U.S. military fights off Iranian attacks while seeking to break regime's grip on ship traffic through strait

Central Command chief Adm. Brad Cooper said Monday that U.S. forces destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones.

Fortune

Current price of oil as of May 4, 2026

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

Fortune

Nearly 4 in 10 job candidates have bailed on a hiring round because it required an AI interview

Even if they go through with it, many are met with radio silence.

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Fortune

Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud

Justin Sun invested $75 million into a Trump-linked cryptocurrency but alleged the project wrongfully froze his tokens.

Fortune

Stablecoin startup Rain is worth $1.95 billion and plans to issue cards with Mastercard in a push to woo institutional customers

The company previously only worked with Visa to create stablecoin-backed cards.

Fortune

The crypto industry is obsessed with conferences. The vibe at them is changing

There’s a new tone in the industry ahead of the Fortune Crypto 100, which will drop on June 11.

Fortune

VC firm Ethereal has avoided the spotlight for 5 years—now it's telling its story

The low-key firm, which was spun of the Ethereum shop Consensys, has a well-honed strategy aimed at early-stage startups.

Fortune

Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage

As Vicki Hollub exits, Occidental’s next CEO brings a résumé shaped by global operations, not just HQ leadership.

Fortune

Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks

Capital-intensive businesses need restructuring plans built for shocks, not just recovery.

Fortune

Inside Google’s quiet internal war against its own anti-military activist employees

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

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