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Banks should stop using AI to ‘fire hundreds of people’—instead, they should use it to lend to low-income clients, says GFTN’s Sopnendu Mohanty

AI should be used to create “credible” data on customers, allowing them to borrow money without the need for collateral.

latest 9

Lionel Lim

DBS Group’s board tells its chief exec: ‘Even the CEO’s job can be replaced by AI’

Also: All the news and watercooler chat from Fortune.

latest 7

Clay Chandler

Flex’s CEO took the job without industry experience. One battle-tested playbook guided every move

Flex’s CEO didn’t pretend to know the business when she assumed the corner office. Instead, she stuck to what she could control.

latest 6

Ruth Umoh

Why companies are leaning into skills-first, AI-enabled employment models

Moving away from job-centric structures may become more common.

latest 5

Sheryl Estrada

AI might make workers faster, but not necessarily more productive: ‘They do it faster, then go for coffee breaks’

Accenture's lead for its APAC Center for Advance AI argues that reinventing work may be better for companies looking to adopt and leverage AI...

latest 10

Lionel Lim

Mira Murati’s record-breaking $2 billion seed round made the impossible possible for female founders

The former OpenAI CTO is now running Thinking Machines Lab—with $2 billion in her war chest.

latest 20

Emma Hinchliffe

Confederate leader surnames are coming back to Army bases because the Army found other service members with the same last names

Fort Bragg, which was changed to Fort Liberty by the Biden administration, was renamed Bragg after the Army found another a World War II soldier...

latest 10

Fernanda Figueroa

Europe surrenders to Trump (and thus secures victory by the back door)

S&P 500 futures moved up 0.27% this morning. But the STOXX Europe 600 rose by more than double that in early trading as investors in Europe...

latest 7

Jim Edwards

Jeff Bezos’s honeymoon plans involved a $5.7 billion Amazon share selloff

Despite the large, prearranged sales, Bezos still holds roughly 884 million Amazon shares and maintains a net worth of $252 billion.

latest 5

Eleanor Pringle

Meet the ‘masters of the universe’ heading up the private credit explosion

Ares Management has become one of the top alternative asset managers in the red-hot field, with aims to grow to $750 billion.

latest 5

Leo Schwartz

Young people aren’t anti-capitalist. They’re just sick of corporate hypocrisy

Zohran Mamdani's New York City mayoral primary win sparked major questions about what Gen Z wants from both their political and business leaders.

latest 6

Kristin Stoller

Get ready for more processed tomatoes from California and Florida after 17% tariff on Mexico’s fresh produce

Experts say the tariff could cause a 5% to 10% drop in tomato exports, which last year amounted to more than $3 billion for Mexico.

latest 4

Fabiola Sánchez

PayPal to let U.S. merchants accept payment in more than 100 cryptocurrencies

The fintech giant will charge a transaction rate of 0.99% for the first year and then up it 1.5%.

latest 1

Ben Weiss

Fantastic Fourth biggest opening of the year gives Marvel a sigh of relief

Globally, “Fantastic Four” had a $218 million debut. The numbers were within the range the studio was expecting. "Superman" did have a slightly...

latest 1

Lindsey Bahr

Ryan Reynolds’ Maximum Effort ad agency turned Astronomer’s viral moment into marketing gold

Oscar winner surprised everyone by speaking on behalf of the company following CEO scandal.

latest 0

Chris Morris

A Delta pilot was arrested on child sex abuse material charges after landing in San Francisco

Federal agents entered the cockpit once the plane landed and took him into custody.

latest 0

The Associated Press

Google CEO is the newest billionaire: He tells Gen Z the secret to success is putting yourself in uncomfortable situations

As a newly minted billionaire, Google CEO Sundar Pichai says that embracing discomfort is key to personal and professional growth.

latest 0

Preston Fore

A copyright lawsuit over pirated books could result in ‘business-ending’ damages for Anthropic

The lawsuit centers on Anthropic’s use of books to train its LLM, Claude, and could leave the company on the hook for billions of dollars worth of...

latest 0

Beatrice Nolan

Lawyers say ‘Alligator Alcatraz’ detainees are being held ‘incommunicado, with no ability to access the courts’

"This is an unprecedented and disturbing situation," immigration attorneys wrote in court papers.

latest 0

Mike Schneider

Housing market ‘purgatory’ for existing home sales as activity falls to lowest level in 9 months

"No matter how you look at it, this is an unhealthy housing market," ResiClub's Lance Lambert told Fortune Intelligence.

latest 0

Nick Lichtenberg

Trump and JD Vance are on completely different continents right now and they’re still getting peppered with Epstein questions

Asked about the timing of the US-EU trade announcement and the Epstein case, Trump responded: “You got to be kidding with that."

latest 0

Julie Carr Smyth

$1.7 billion Korean beauty products market reels from tariff talk: ‘One of the things with K-beauty or Asian beauty is that it’s supposed to be accessible pricing’

Asian skin care has been a booming global business for a more than a decade, with consumers snapping up creams, serums and balms from South Korea,...

latest 0

Mae Anderson

US and China are expected to extend trade truce by 90 Days, SCMP says

The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng scheduled to start on Monday...

yesterday 30

Se Young Lee

‘Shark Tank’ icon Kevin O’Leary reveals the 3 things he looks for when investing his millions into a founder

The multimillionaire entrepreneur and investor looks to do business with entrepreneurs who have a “founder’s mindset”—embodied by late Apple...

yesterday 10

Emma Burleigh

‘US exceptionalism roars back’ as markets defy doomsayers and draw record foreign inflows after panic over Trump tariffs

"The hurdle for the US to experience genuine capital flight is high and certainly wasn’t breached in April."

yesterday 10

Jason Ma

Denny’s CEO asks potential hires these questions at the interview—if they can’t answer, it’s an immediate red flag

Kelli Valade wants to make sure all her new hires understand their weaknesses and have done their homework.

yesterday 10

Preston Fore

Employers, beware: Gen Z is the ‘pragmatic generation’ redefining success, seeing money as just a means to an end, landmark EY survey says

"The idea that young adults are postponing adulhtood is outdated," EY's Joe Depa says of his firm's landmark Gen Z survey. "This generation is...

yesterday 10

Nick Lichtenberg

Citi charges $595 for ‘Strata Elite’ credit card to rival Amex, Chase

It offers the largest points rewards for hotels, car rentals and attractions booked on Citigroup’s travel platform, as well as restaurant dining at...

yesterday 10

Todd Gillespie

US-EU trade deal with 15% tariff is on the table but needs sign-off from Trump, diplomat says

Under the proposal described to AFP, the EU would commit to ramp up purchases of US liquefied natural gas, along with other investment pledges.

yesterday 10

Aurélia End

BMW backs hydrogen for transport with first series production car in 2028 — Is H2 the future after all?

BMW has been trialling FCEVs with a pilot run of vehicles based on X5 since 2023.

yesterday 10

James Morris

Dow futures rise on US-EU trade pact as investors brace for fast and furious week of earnings, China talks, Fed, GDP, jobs report, tariff deadline

Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.

yesterday 4

Jason Ma

Trump scores another big trade deal after securing promise of massive investment, but China will be less willing to cave, analyst says

"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."

yesterday 4

Jason Ma

Boeing expects more than 3,200 fighter-jet workers to strike after they reject contract offer despite union leaders calling for yes vote

The proposed contract that was rejected included a 20% wage increase over four years.

yesterday 1

John Hanna

Tesla engineering VP Moravy says company in ‘big swing moment’

Moravy said he’s personally most excited about Semi truck — built at the company’s factory near Reno, Nevada — and called it key to the company’s...

yesterday 20

Dana Hull

AI is driving mass layoffs in tech, but it’s boosting salaries by $18,000 a year everywhere else, study says

Labor market intelligence firm Lightcast also found that so-called "human" skills such as communication and complex problem-solving are growing...

yesterday 10

Nino Paoli

US and EU reach a trade deal that sets 15% tariff rate and pledges hundreds of billions in investments

Trump said the EU will invest $600 billion in the U.S. and buy $750 billion of U.S. energy.

yesterday 0

Jason Ma

US health, tech officials to launch data-sharing plan

HHS Secretary Robert F. Kennedy Jr. and CMS Administrator Mehmet Oz are expected to host executives at an event on Wednesday.

previous day 5

Rachel Cohrs Zhang

Allianz Life says hackers accessed personal data on the majority of its 1.4 million US customers

Allianz Life said the data breach happened on July 16 when a “malicious threat actor” accesses a third-party, cloud-based system used by the...

previous day 30

Steve Karnowski

In his 20s, the boss of this 4,100-employee Fortune 500 company tried to refuse a promotion to CEO—his advice to new grads is stay ‘humble’

RGA CEO Tony Cheng rose through the ranks of the Fortune 500 giant without any intention of becoming its leader—saying humility and a desire to...

previous day 7

Eleanor Pringle

Gen Z content creators are bringing in millions from their side hustles—and questioning the need for a college degree

With names like MrBeast getting rich off content creation, Gen Z and Gen Alpha are rethinking degrees in favor of ring lights.

previous day 9

Meredith Ho

Delta’s struggles with the airport lounge and the angst of the upper middle class in the age of ‘elite overproduction,’ explained

Peter Turchin argues that societies collapse when there isn't enough room at the top. "There is a limited amount of space, but many more elites now...

previous day 30

Nick Lichtenberg

Goodbye Colbert, hello Bari Weiss? Paramount stands at fork in the road after finally winning FCC approval

After the merger's Aug. 7 closing date, the new leaders will be watched most closely for how they deal with CBS News, particularly given the $16...

previous day 2

David Bauder

Is a ‘pretty good’ Alexa+ good enough to pull off a comeback almost two years after Amazon’s revamped voice assistant was first announced?

I've spent the last few weeks using Alexa . The beta version of Amazon's new voice assistant is slowly rolling out but needs improvement to live up...

previous day 2

Jason Del Rey

Gwyneth Paltrow tackles Astronomer’s most common questions as ‘very temporary’ spokesperson — ‘OMG! What the actual f’

"Astronomer has gotten a lot of questions over the last few days, and they wanted me to answer the most common ones," she said.

previous day 1

Jason Ma

Meta says OpenAI hire is superintelligence group chief scientist

Shengjia Zhao was part of the team behind the original version of OpenAI’s popular chatbot, ChatGPT.

previous day 1

Kurt Wagner

Southwest passengers fly out of seats as jet drops 300 feet in 36 seconds in response to an alert about a nearby plane

Southwest said the crew responded to two alerts that required the pilot to climb then descend.

previous day 1

Rio Yamat

Meme-stock roar fades on Wall Street as retail finds new thrills

The most aggressive traders have already moved on to riskier frontiers, such as digital tokens, leveraged ETFs, and prediction markets.

previous day 5

Denitsa Tsekova

Here’s how the Federal Reserve funds itself, including renovations, without taxpayer dollars

Unlike the Pentagon and a new weapons system that has blown through its budget, the Fed and its operations are funded differently.

previous day 8

Jason Ma

The Tea app was intended to help women date safely. Then hackers leaked 72,000 images online, including users’ selfies

No email addresses or phone numbers were exposed, the company said, and the breach only affects users who signed up before February 2024.

previous day 6

Paul Wiseman

US-Japan trade deal gives Trump control over $550 billion in investments. It could be ‘vapor ware’ — and a model for other countries

Analysts at Bank of America said that the Japan deal "looks like a reasonable blueprint" for other auto-exporting countries like South Korea.

previous day 2

Categories

Sources

Newspaper Columnists

Banks should stop using AI to ‘fire hundreds of people’—instead, they should use it to lend to low-income clients, says GFTN’s Sopnendu Mohanty

Lionel Lim

DBS Group’s board tells its chief exec: ‘Even the CEO’s job can be replaced by AI’

Clay Chandler

Flex’s CEO took the job without industry experience. One battle-tested playbook guided every move

Ruth Umoh

Why companies are leaning into skills-first, AI-enabled employment models

Sheryl Estrada

AI might make workers faster, but not necessarily more productive: ‘They do it faster, then go for coffee breaks’

Lionel Lim

Mira Murati’s record-breaking $2 billion seed round made the impossible possible for female founders

Emma Hinchliffe

Confederate leader surnames are coming back to Army bases because the Army found other service members with the same last names

Fernanda Figueroa

Europe surrenders to Trump (and thus secures victory by the back door)

Jim Edwards

Jeff Bezos’s honeymoon plans involved a $5.7 billion Amazon share selloff

Eleanor Pringle

Meet the ‘masters of the universe’ heading up the private credit explosion

Leo Schwartz

Young people aren’t anti-capitalist. They’re just sick of corporate hypocrisy

Kristin Stoller

Get ready for more processed tomatoes from California and Florida after 17% tariff on Mexico’s fresh produce

Fabiola Sánchez

PayPal to let U.S. merchants accept payment in more than 100 cryptocurrencies

Ben Weiss

Fantastic Fourth biggest opening of the year gives Marvel a sigh of relief

Lindsey Bahr

Ryan Reynolds’ Maximum Effort ad agency turned Astronomer’s viral moment into marketing gold

Chris Morris

A Delta pilot was arrested on child sex abuse material charges after landing in San Francisco

The Associated Press

Google CEO is the newest billionaire: He tells Gen Z the secret to success is putting yourself in uncomfortable situations

Preston Fore

A copyright lawsuit over pirated books could result in ‘business-ending’ damages for Anthropic

Beatrice Nolan

Lawyers say ‘Alligator Alcatraz’ detainees are being held ‘incommunicado, with no ability to access the courts’

Mike Schneider

Housing market ‘purgatory’ for existing home sales as activity falls to lowest level in 9 months

Nick Lichtenberg

Trump and JD Vance are on completely different continents right now and they’re still getting peppered with Epstein questions

Julie Carr Smyth

$1.7 billion Korean beauty products market reels from tariff talk: ‘One of the things with K-beauty or Asian beauty is that it’s supposed to be accessible pricing’

Mae Anderson

US and China are expected to extend trade truce by 90 Days, SCMP says

Se Young Lee

‘Shark Tank’ icon Kevin O’Leary reveals the 3 things he looks for when investing his millions into a founder

Emma Burleigh

‘US exceptionalism roars back’ as markets defy doomsayers and draw record foreign inflows after panic over Trump tariffs

Jason Ma

Denny’s CEO asks potential hires these questions at the interview—if they can’t answer, it’s an immediate red flag

Preston Fore

Employers, beware: Gen Z is the ‘pragmatic generation’ redefining success, seeing money as just a means to an end, landmark EY survey says

Nick Lichtenberg

Citi charges $595 for ‘Strata Elite’ credit card to rival Amex, Chase

Todd Gillespie

US-EU trade deal with 15% tariff is on the table but needs sign-off from Trump, diplomat says

Aurélia End

BMW backs hydrogen for transport with first series production car in 2028 — Is H2 the future after all?

James Morris

Dow futures rise on US-EU trade pact as investors brace for fast and furious week of earnings, China talks, Fed, GDP, jobs report, tariff deadline

Jason Ma

Trump scores another big trade deal after securing promise of massive investment, but China will be less willing to cave, analyst says

Jason Ma

Boeing expects more than 3,200 fighter-jet workers to strike after they reject contract offer despite union leaders calling for yes vote

John Hanna

Tesla engineering VP Moravy says company in ‘big swing moment’

Dana Hull

AI is driving mass layoffs in tech, but it’s boosting salaries by $18,000 a year everywhere else, study says

Nino Paoli

US and EU reach a trade deal that sets 15% tariff rate and pledges hundreds of billions in investments

Jason Ma

US health, tech officials to launch data-sharing plan

Rachel Cohrs Zhang

Allianz Life says hackers accessed personal data on the majority of its 1.4 million US customers

Steve Karnowski

In his 20s, the boss of this 4,100-employee Fortune 500 company tried to refuse a promotion to CEO—his advice to new grads is stay ‘humble’