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Fed’s expected rate cut today is less about stimulating the economy and more about protecting the job market from ‘shattering’

A cut is something of an "insurance policy against a shattering of the U.S. labor market," UBS chief economist Paul Donovan said.

yesterday 9

Fortune

Eleanor Pringle

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.

yesterday 20

Fortune

Dave Smith

Inside tractor maker CNH’s push to bring more artificial intelligence to the farm

CNH CTO Jay Schroeder says using AI to improve farming is a decades-long passion. "I grew up on a family farm…so for me, it’s personal.”

yesterday 10

Fortune

John Kell

Activist investors are disproportionately targeting female CEOs—and it’s costing corporate America dearly

Also: All the news and watercooler chat from Fortune.

yesterday 9

Fortune

Phil Wahba

5 VCs sounds 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...

yesterday 8

Fortune

Amanda Gerut

Coupang CEO resigns over historic South Korean data breach

Nearly two-thirds of people in the country were affected by the breach, which granted unauthorized access to their shipping addresses and phone...

yesterday 10

Fortune

Yoolim Lee

Sheryl Sandberg’s Lean In finds more women leaning out for the first time since the promotion survey began a decade ago: ‘Major moment of backsliding’

“This is my fourth decade in the workplace, and we are in a particularly troubling moment in terms of the rhetoric on women,” Sheryl Sandberg said...

yesterday 5

Fortune

Sasha Rogelberg

Trump loses another red seat as Miami elects its first female mayor—and first Democrat in nearly 30 years

“Tonight’s result is yet another warning sign to Republicans that voters are fed up,” said Ken Martin, the chair of the Democratic National...

yesterday 5

Fortune

Adriana Gomez Licon

Instacart may be jacking up your grocery prices using AI, study shows—a practice called ‘smart rounding’

Consumer Reports and the progressive think tank Groundwork Collaborative used ~200 volunteers to check prices on 20 items in four cities.

yesterday 5

Fortune

Dave Lozo

Goldman Sachs CFO on the company’s AI reboot, talent, and growth

Goldman’s OneGS 3.0 revamp is underway.

yesterday 1

Fortune

Sheryl Estrada

Actress Natasha Lyonne dropped out of NYU and watched movies 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 Fortune’s Brainstorm AI audience in San...

yesterday 0

Fortune

Amanda Gerut

Walmart’s retiring CEO Doug McMillon spent 40 years climbing the ranks—he reveals the one thing he’s most looking forward to is a ‘blank calendar’

McMillon worked his way up from a Walmart warehouse worker making $6.50 hourly to CEO with a $26.5 million compensation package. Now, he’s looking...

yesterday 0

Fortune

Emma Burleigh

Jeff Williams, who retired from Apple after 27 years less than a month ago, just got called up by Disney to join its board of directors

Jeff Williams' track record aligns closely with Disney's priorities for the future.

yesterday 0

Fortune

Dave Smith

AI is already taking over managers’ busy work—and it’s forcing companies to reset expectations

As AI agents automate administrative tasks, industry leaders say the role of human managers needs to shift toward coaching and strategy—but most...

yesterday 0

Fortune

Beatrice Nolan

If the Fed cuts interest rates today, it may be the last one until June 2026

Only in June does a plurality—41.9%—emerge on CME FedWatch for a further cut to 3.25%.

yesterday 1

Fortune

Jim Edwards

Alex Karp claps back at Wall Street critics who think he’s an ‘arrogant prick’: ‘If you’re right a lot, maybe exerting that you’re going to be right tomorrow is pretty important’

Karp argues extreme confidence—checked by a “painfully flat” internal culture—is the only way to resist the “bailout culture” of modern corporate...

yesterday 0

Fortune

Eva Roytburg

The Fed delivers a rare ‘hawkish cut’ as Powell tries to steady a softening job market

The Fed is clearly deeply divided. Three officials dissented, two in opposite directions.

yesterday 0

Fortune

Eva Roytburg

Mario Gabelli signals support for Paramount in Warner fight

“We’re in the early rounds,” Gabelli said. “Round five of a nine-round challenge.”

yesterday 0

Fortune

Christopher Palmeri

Warner Bros.’ bidders brace for a fight that will last months

Does the purchase price “move up another $5 or $10 billion? I think it probably does,” Kevin Mayer, Disney's former top dealmaker, said on Tuesday...

yesterday 0

Fortune

Lucas Shaw

Young people are ‘growing up fluent in AI’ and that’s helping them stand apart from their older peers, says Gen Z founder Kiara Nirghin

Nirghin explained that young entrepreneurs see coding as something to be done alongside AI agents, rather than done alone and from scratch. 

yesterday 1

Fortune

Angelica Ang

America’s mobile housing affordability crisis reveals a system where income determines exposure to climate disasters

California lost 239,575 residents in 2024, the most of any state, while the housing market requires a $237,000 household income for a midtier house.

yesterday 2

Fortune

Ivis García

Warner Bros. fight hinges on value of shrinking cable assets

While Netflix Inc. and Paramount Skydance Corp. vie for President Donald Trump’s blessings in their competing bids for Warner Bros. Discovery Inc.,...

yesterday 0

Fortune

Hannah Miller

Political communication scholar on how Zohran Mamdani hacked ‘slacktivism’ to appear on your phone, on your street and in your mind

Campaigning increasingly occurs in what researchers call a “hybrid media” environment: in person, on the news and across multiple social media.

yesterday 1

Fortune

Stuart Soroka

International students skipped campus this fall — and local economies lost $1 billion because of it

Hosting 21,587 fewer new international students means 7,300 fewer jobs and $500 million in lost labor income.

yesterday 2

Fortune

Bjorn Markeson

TV producer behind ‘I Married a Murderer’ makes FBI Most Wanted list on claim she got a $14.7 million bank loan as a fake heiress

Mary Carole McDonnell, 73, is believed to be in Dubai, United Arab Emirates, the FBI said on Dec. 5.

yesterday 0

Fortune

The Associated Press

‘Be careful what you wish for’: Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger

Jerome Powell’s Federal Reserve will likely deliver its final cut of the year on Wednesday. But Claudia Sahm is already looking ahead.

yesterday 1

Fortune

Eva Roytburg

49-year-old Democrat who owns a gourmet olive oil store swipes another historically Republican district from Trump and Republicans

Eric Gisler, who works for an insurance technology company, campaigned on improving health care and increasing affordability/

yesterday 0

Fortune

Jeff Amy

Rivian CEO says buying an EV isn’t a political choice, pointing out that R1 buyers are 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," Rivian CEO RJ Scaringe.

yesterday 0

Fortune

Jason Ma

Powell warns of a ‘very unusual’ economy as tariffs keep goods inflation high amid a weakening labor market

The Fed chair said underlying job growth could already be below zero, with official payroll figures overstating reality by tens of thousands each...

yesterday 7

Fortune

Eva Roytburg

Top economist Diane Swonk: Jerome Powell risks losing the Fed’s credibility on a gamble over AI and immigration

It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.

yesterday 0

Fortune

Eva Roytburg

Jamie Dimon taps Jeff Bezos, Michael Dell and Ford CEO Jim Farley to advise JPMorgan’s $1.5 trillion national-security initiative

Former military commanders, politicians, and one of Warren Buffet’s top stock pickers also comprise the advisory group.

previous day 20

Fortune

Nino Paoli

Databricks CEO Ali Ghodsi says his company will be worth $1 trillion by doing these three things

Databricks CEO says AI-powered coding, enterprise agents, and rapid app development could propel it into the trillion-dollar club.

previous day 6

Fortune

Beatrice Nolan

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.

previous day 10

Fortune

Preston Fore

Borrowing by AI companies represents a ‘mounting potential threat to the financial system,’ top economist says 

“Borrowing by AI companies should be on the radar screen as a mounting potential threat to the financial system and broader economy."

previous day 20

Fortune

Nino Paoli

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.

previous day 20

Fortune

Diane Brady

Amazon’s new Alexa aims to detangle household chaos, like who fed the dog and the name of that restaurant everyone wanted to try

This is a “classic fight in my house,” said Panos Panay, SVP of devices and services at Amazon.

previous day 10

Fortune

Amanda Gerut

A divided Fed meets today and Wall Street is listening 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.

previous day 10

Fortune

Jim Edwards

In race to end China’s chokehold on critical minerals the U.S. needs all the friends it can get

From Australia to Kazakhstan and Greenland, the U.S. requires critical minerals mining and processing partnerships around the world to achieve its...

previous day 10

Fortune

Jordan Blum

Australia will start banning kids from social media this week—and Malaysia is getting ready to do the same

Other countries are considering less drastic ways to control teenagers' social media use. On Nov. 30, Singapore said it would ban the use of...

previous day 10

Fortune

Angelica Ang

When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in airshows before leaving it to become a Hollywood executive

Ellison, 42, revived "Top Gun"—and now he’s taking the fight to Netflix.

previous day 10

Fortune

Dave Smith

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.

previous day 10

Fortune

Alexei Oreskovic

‘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.

previous day 50

Fortune

Eva Roytburg

‘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."

previous day 4

Fortune

Jason Ma

Tesla promotes Optimus as its next big breakthrough, but one robot’s collapse has sparked doubts about their current level of autonomy

Tesla used employees to control Optimus robots at its robotaxi event last year.

previous day 2

Fortune

Marco Quiroz-Gutierrez

Fortune Brainstorm AI San Francisco starts today, with Databricks, OpenAI, Cursor, and more on deck

Today, Fortune Brainstorm AI starts, and so many key players in AI will be with us live in San Francisco.

previous day 10

Fortune

Allie Garfinkle

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.

previous day 10

Fortune

Beatrice Nolan

New contract shows Palantir is working on a tech platform for another federal agency that works with ICE

The contract language suggests the new relationship aims to root out fraud including ‘wedding based schemes’ in immigration services applications.

previous day 4

Fortune

Jessica Mathews

With millions of Gen Zers unemployed globally, the UK is tackling the crisis with a $965 million package that will get young people working in AI, hospitality, and engineering

Over the next three years, the U.K. government will spend nearly $1 billion getting Gen Z NEETs back into the workforce—meanwhile, young Americans...

previous day 3

Fortune

Emma Burleigh

Google says its first Gemini-powered smart glasses are coming next year. Here’s what they can do

Google aims to not repeat the same mistakes it made with Google Glass over a decade ago.

previous day 3

Fortune

Dave Smith

CoreWeave CEO: Despite see-sawing 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...

previous day 3

Fortune

Sharon Goldman