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The Latest Breaking News from Fortune

As Google eyes exponential surge in serving capacity, analyst says we’re entering ‘stage two of AI’ where bottlenecks are physical constraints

The rush to increase serving capacity may be a sign that there is no AI bubble, said one expert.

Fortune

Grocery Prices Are Still Climbing — Now Trump Orders Tariff Exemptions To Slow The Surge

After years of elevated inflation, many Americans are still feeling sticker shock at the grocery store. Food costs continue creeping higher, even as overall inflation has eased from its peak. Now, the Trump administration is turning to tariff exemptions in hopes of slowing the pressure on household budgets.

Benzinga

The Fed is so divided that the next vote on rates could result in an unprecedented tie, analysts say. ‘Then things would get really messy’

Capital Economics sketched out a potential scenario where six Fed policymakers vote to keep rates steady while six vote to cut them again.

Fortune

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The analyst who once predicted the ‘end of capitalism’ sees Zohran Mamdani’s election as a ‘day of reckoning coming in’—and corporates only have themselves to blame

Albert Edwards says Zohran Mamdani’s policies are “lunacy,” but big companies “laid the seeds for their own destruction.”

Fortune

'We want to trust what we’ve heard': Farmers remain unsettled on trade, even after China’s biggest U.S. soybean purchase in two years

China’s U.S. soybean haul has exceeded 1 million metric tons this month. Trump wants China to buy 12 million tons by the end of the year.

Fortune

Just 776 FAA employees will get Trump’s $10,000 bonus, but the union says thousands who worked during the shutdown were left out

The payments will be received no later than Dec. 9, the Federal Aviation Administration said.

Fortune

Warren Buffett’s exit is ‘leadership at its most selfless,’ McKinsey CEO whisperer says. It’s a powerful lesson in Fortune 500 succession

Carolyn Dewar told Fortune that CEO succession is so difficult that Intuit’s Brad Smith invited Steve Young in to talk about succeeding Joe Montana.

Fortune

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Tidalwave raises $22 million Series A to improve the mortgage process with AI

Tidalwave, which builds agentic AI for mortgage origination, has now raised its $22 million Series A, Fortune has exclusively learned.

Fortune

Skims founding partner Emma Grede schedules an ‘AI day’ once every six weeks to future-proof her career: ‘It’s like do or die’

Upskilling in AI is unavoidable as workers look to ‘future-proof our organizations and ourselves,’ Grede added.

Fortune

USA Rare Earth CEO on how this space became 'the most bipartisan issue in our government right now'

Also: All the news and watercooler chat from Fortune.

Fortune

Southeast Asia needs to ‘think bigger’ if it wants to compete at the same level as the world’s biggest companies

“Not one of our countries in ASEAN is big enough to produce a multibillion-dollar company,” said Asia Partners cofounder Nicholas Nash.

Fortune

Private credit deals see a rise in ‘bad PIKs’ showing ‘cracks’ in the market for corporate lending

A majority of payments-in-kind deals, usually offered to riskier corporate borrowers, are now of the kind that indicates distress, Lincoln International says.

Fortune

Jefferies’ Chris Wood called Japan’s crash and the U.S. housing bubble. He’s now warning of an ‘AI capex arms race’

“It’s completely unclear to me who’s going to monetize and make money out of all this capex,” said Wood at the Fortune Innovation Forum.

Fortune

Intrinsic, an Alphabet company, and Nvidia supplier Foxconn will join forces to deploy AI robots in the latter’s U.S. factories

Companies in the AI space are paying more attention to “physical AI,” or artificial intelligence that operates in the real world.

Fortune

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Fortune

Elon Musk says that in 10 to 20 years, work will be optional and money will be irrelevant thanks to AI and robotics

“It’ll be like playing sports or a video game or something like that,” the Tesla CEO said.

Fortune

Exclusive: Nevada congresswoman sends letter to Governor Lombardo ‘demanding transparency’ and accountability on rescinded Boring Company penalties

After Fortune’s investigation into the handling of a safety investigation, Congresswoman Dina Titus is demanding transparency and accountability.

Fortune

The Johor-Singapore SEZ will be more than an 'industrial park with a nicer brochure,' says the chair of the state's investment committee

“For the long run, we have to look at how we are going to create a regional champion," said YB Lee Ting Han at the Fortune Innovation Forum.

Fortune

Creativity is as important as data literacy in the AI era, says IBM exec

Human ingenuity and a willingness to experiment are now vital for advancing in the AI economy.

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Fortune

Stuut raises $29.5 million Series A led by Andreessen Horowitz to automate accounts receivable

Stuut has raised a $29.5 million Series A, led by Andreessen Horowitz, Fortune has exclusively learned.

Fortune

More Big Tech company debt ‘would increase the macro risks associated with the AI build-out,’ Goldman Sachs warns

Amazon, Google, Meta, Microsoft, and Oracle have taken on $121 billion in new debt, year to date—quadruple the amount from the prior five years.

Fortune

Millions of Gen Zers are watching Hitler and Holocaust denial clips on Instagram

Meme scholar Aidan Walker described it as an “ironic dog whistle”—material that is plainly anti-Semitic, but stylized and self-referential enough that users can deny belief while still spreading the narrative.

Fortune

One of the world’s most popular economists on why AI is ‘undoubtedly going to crash’: It’s built on ‘digital lettuce’—and the U.S. will be just fine anyway

Irish economist David McWilliams is taking his “History of Money” to America: “You kind of feel the boominess of the place, right?” he told Fortune.

Fortune

Walmart and Target are both getting new CEOs—one succession plan has gone smoother than the other

Also: All the news and watercooler chat from Fortune.

Fortune

This 26-year-old was laid off from his ‘dream job’ at PwC building AI agents. He’s worried the tech he built has led to more job cuts

Donald King says he was “blindsided” by his layoff from the “Big Four” consulting giant, and recognizes the AI agents he worked on may be connected to client layoffs.

Fortune

The CEO of Shangri-La Hotels explains the core of Asian hospitality: Not ‘silver candlesticks,’ but ‘warmth and attention to detail’

At the Fortune Innovation Forum, Shangri-La CEO Kuok Hui Kwong noted that most of their guests now come from Asia.

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