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The Latest Breaking News from Fortune

Citigroup CEO Jane Fraser warns of job cuts and says it's time to raise the bar in a fiery memo to staff: 'we are not graded on effort'

Fortune's Most Powerful Woman on Wall Street is cutting 1,000 jobs now, with tens of thousands more to come as she says "old, bad habits" are over.

Fortune

McKinsey challenges graduates to master AI tools as it shifts hiring hunt toward liberal arts majors

CEO Bob Sternfels says the company has 60,000 employees—including 20,000 AI agents.

Fortune

Whole Foods cofounder says his hardest ever business decision was firing his father from his company board: 'That was when my mentorship was over'

John Mackey calls capitalism one of humanity's greatest inventions and sticks to that way of thinking, even when family's involved. "It hurt him so badly."

Fortune

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How Expedia’s CTO is using AI to transform work for 17,000 employees—and travel for millions

The online travel agency has invested in AI to boost the productivity for Expedia's workforce and make travel hiccups easier for consumers to navigate.

Fortune

Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax

Peter Thiel and Gavin Newsom are united in opposition to the billionaire tax.

Fortune

California's wealth tax doesn't fix the real problem: Cash-poor billionaires who borrow money, tax-free, to live on

Billionaires live under "buy, borrow, die," and California's wealth tax wouldn't touch that. An estimated $1 trillion of wealth has already fled.

Fortune

‘Sickening and greedy’: California millionaire slams Larry Page and Sergey Brin for cutting ties with the state to avoid wealth tax

As billionaires flee the state to avoid the proposed wealth tax, other high earners support the one-time tax.

Fortune

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Forget the K-Shape: We have a barbell economy—and the middle class is buckling under the weight

The next recession won’t be caused by a labor collapse, but by a demographic margin call.

Fortune

The job market is broken, but Nvidia CEO Jensen Huang is 'fairly confident' that AI will increase productivity and therefore, hiring—but there's a catch

As Gen Z struggles to start their careers, Nvidia’s CEO Jensen Huang predicts “more hiring” is on the way—but only for workers who embrace AI.

Fortune

Zoe Saldaña has been crowned the highest-grossing actor, with a $15.5 billion Hollywood portfolio—beating Scarlett Johansson and Samuel L. Jackson to the top spot

Academy Award-winning actress Zoe Saldaña has starred in some of the biggest franchises of all time, from “Avatar” and “Stark Trek” to “Guardians of the Galaxy,” outranking Scarlett Johansson and Samuel L. Jackson.

Fortune

Google connects Gemini to users' emails and photos in push to build a personal assistant

Google's new Personal Intelligence feature connects Gemini with Gmail, photos, search, and YouTube history to deliver personalized responses based on a user's data.

Fortune

Why a college degree is still worthwhile—and the 3 things it can teach you that AI can’t do

College can help safeguard employees from having their jobs offshored to India or the Philippines, Carl Benedikt Frey told Fortune.

Fortune

Meld raises $7 million to integrate stablecoin networks, build the ‘Visa for crypto’

The startup’s Meld network seeks to be a one-stop shop across different countries

Fortune

China graduates 1.3 million engineers per year, versus just 130,000 in the U.S. We need AI to bridge the gap

Engineering AI could be the key to addressing America’s engineering shortage—but adoption is tricky.

Fortune

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JPMorgan CEO and CFO: Staying competitive requires investment

The bank had strong Q4 earnings and solid credit trends, but analysts were concerned about rising expenses.

Fortune

What 2026 holds for the future of work

As I was collecting Crystal Ball predictions for 2026 from readers, I found myself thinking a lot about the future of work.

Fortune

Jamie Dimon warns $38 trillion national debt is going to 'bite': 'You can't just keep borrowing money endlessly'

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, echoed: "Despite being more than a quarter into [2026] our government is still not fully funded for the rest of the fiscal year, with another funding deadline around the corner in just over two weeks."

Fortune

The ‘Magnificent 7’ are dying, and Wall Street is pretty happy about it

But the dominance of the Mag 7 is likely to come to an end this year, many on Wall Street believe—if only because their valuations can’t exponentially go up forever.

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Fortune

Brokerage tech firm Alpaca raises $150 million in push to compete with trading giant Interactive Brokers

Drive Capital led the round, with participation from Citadel Securities and the crypto exchange Kraken.

Fortune

CEOs are increasingly worried about an economic downturn, inflation, and an asset bubble bust

Also: All the news and watercooler chat from Fortune.

Fortune

The Philippines, ASEAN's new chair, starts 2026 on a 'weaker footing' after trade tensions and a $2 billion corruption scandal

Third-quarter GDP growth in the Philippines fell to a four-year low of 4%, prompting Manila to slash growth targets for 2026 through 2028.

Fortune

Elon Musk says humans are ‘pre-programmed to die’ and longevity is 'solvable', raising huge questions about the future of health

Musk once said he’d “prefer to be dead” than live to 100 with dementia or as a burden to society.

Fortune

Why Google wins big in Apple AI deal, while OpenAI loses

The multi-year partnership validates Google’s AI comeback, spotlights Apple’s AI woes, and is a blow to OpenAI.

Fortune

Carhartt CEO says they always focused on blue-collar workers—but hipsters came anyway: 'we welcome anyone ... that wants to celebrate hard work'

"We don't try to be everything to everybody," Carhartt CEO Linda Hubbard told Fortune, as she announced a blue-collar partnership with Ford Philanthropy.

Fortune

U.S workers just took home their smallest share of capital since 1947, at least

American workers aren’t just getting the smallest share of GDP since records began. Their share of employment is shrinking and shrinking

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