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The Latest Breaking News from Fortune

Why Jerome Powell’s latest rate cut still won’t help you get a lower mortgage rate

“Since this rate cut was no surprise, the markets have taken it in stride,” 43-year mortgage industry veteran Melissa Cohn told Fortune.

Fortune

What it takes to be wealthy in America: $2.3 million, Charles Schwab says

Survey respondents said it feels like it takes more money to feel wealthy today compared with last year.

Fortune

When AI takes the tasks, managers take the relationships

Leaders say agents should handle the busywork so human managers can be more connected to their teams.

Fortune

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Business leaders make their 2026 predictions for the Magnificent 7

Also: All the news and watercooler chat from Fortune.

Fortune

Student discounts made him a millionaire, a heart condition made him rethink life—now this millennial founder spends half the year in the French Alps

The Student Beans cofounder balances London with Alpine slopes, waking up no earlier than 8 a.m. and redefining what work-life balance means.

Fortune

Rivian CEO says it’s a misconception that EVs are politicized, with R1 buyers split evenly between Republicans and Democrats

“I think that’s extraordinarily powerful news for us to recognize—that this isn’t just left-leaning buyers,” said Rivian CEO RJ Scaringe.

Fortune

Actress Natasha Lyonne dropped out of NYU and watched movies at Film Forum instead. Now, she’s helping to shape the future of AI

“We are the ones who are deciding what this use is going to be and how we choose to use it,” Lyonne told the Fortune Brainstorm AI audience in San Francisco.

Fortune

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MacKenzie Scott’s $7 billion year: Philanthropist credits dentist and college roommate as inspirations for monumental giving

The billionaire’s donations went to more than 180 organizations this year.

Fortune

Exclusive: Surf, an AI platform just for for crypto, raises $15 million

The startup is backed by Pantera, Coinbase and DCG

Fortune

Exclusive: U.S. businesses are getting throttled by the drop in tourism from Canada: ‘I can count the number of Canadian visitors on one hand’

Canadians traditionally make up the largest group of international tourists to the U.S.

Fortune

5 VCs sound off on the AI question du jour

Who better to ask about a bubble than a group who will collectively deploy anywhere from tens to hundreds of millions of dollars over the next decade into AI companies.

Fortune

Activist investors are targeting female CEOs—and it's costing Corporate America

Also: All the news and watercooler chat from Fortune.

Fortune

CoreWeave CEO: Despite seesawing stock, IPO was ‘incredibly successful’ after challenges of Liberation Day tariff timing

At Fortune Brainstorm AI in San Francisco, CoreWeave CEO Michael Intrator defended the company’s debt-heavy strategy and argued Wall Street is still catching up to its new cloud model.

Fortune

Physical AI will automate ‘large sections’ of factory work in the next decade, Arm CEO says

Reprogrammable humanoid robots could level the global manufacturing playing field, Arm CEO Rene Haas said at Fortune Brainstorm AI.

Fortune

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news in one place.

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Fortune

‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy

The latest JOLTS report shows hiring stuck at 3.2% and quits falling again as the Fed prepares to cut rates.

Fortune

Exelon CEO: The ‘warning lights are on’ for U.S. elecgrid resilience and utility prices amid AI demand surge

The U.S. needs more generation, including renewables, and greater efficiencies to keep the grid from breaking down, Exelon CEO and president Calvin Butler said at Fortune’s Brainstorm AI conference.

Fortune

‘Customers don’t care about AI’—they just want to boost cash flow and make ends meet, Intuit CEO says

“A business is trying to get more customers. They’re trying to manage their customers, sell them more services.”

Fortune

OpenAI COO Brad Lightcap says ‘code red’ will force the company to focus, as the ChatGPT maker ramps up enterprise push

At Fortune Brainstorm AI, Brad Lightcap said the company is prioritizing ChatGPT improvements and enterprise adoption.

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news in one place.

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Fortune

Trump’s $12 billion farmer bailout is a 'Band-Aid on a bigger wound' the American agriculture industry is still reeling from

“At the end of the day, the farmers, they just want to conduct business, not necessarily have to get these packages,” one agricultural economist said.

Fortune

AI can lead to ‘somewhat mediocre’ results for designers, warns CEO of design consultancy IDEO

AI can be a powerful tool for designers, but human creativity is still key, Mike Peng said at Fortune Brainstorm Design in Macau on Dec. 2.

Fortune

Key questions to stay grounded in the AI frenzy

With startup valuations soaring, VCs at Fortune's Brainstorm AI shared their thoughts on how to navigate these bubbly times.

Fortune

A divided Fed meets today, and Wall Street is watching for 4 key words from Powell: ‘In a good place’

If he does not use that phrase, he may be open to further interest rate cuts.

Fortune

2026 will be the year CEOs must prove AI is powering growth—not just cost cutting and layoffs

Also: All the news and watercooler chat from Fortune.

Benzinga

Cursor's CEO Reveals 80% Of Support Now Fully Automated As Internal Help Desk Replaces Human Work

The $29 billion AI coding startup Cursor says it has automated most of its internal support operations, offering a glimpse into how artificial intelligence is rapidly reshaping corporate workflows.

Fortune

President of $200 billion Shopify says some of the greatest workers he knows only clock in 40-hour weeks: ‘You don’t have to work 80 hours’

AI is reshaping work and productivity, but you don’t have to work crazy overtime to succeed, Shopify’s Harley Finkelstein says.

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