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‘Our business today is not healthy’: 1,600 Xbox employees among the 4,800 laid off by Microsoft as it looks to ‘reset’ gaming division
A third of Microsoft's global layoffs were Xbox employee as the company reduced its workforce by 2.1% globally.
As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer
“This summer, we’re still doing a couple overnights and the lake house, but nothing else.”
Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI
O'Leary says young entrepreneurs shouldn't chase flashy AI, they should instead try to build its backbone.
Mark Zuckerberg takes business calls on a jet ski wearing his $800 Meta glasses—and insists ‘the other person could not tell’
Zuckerberg is convinced smart glasses will replace the smartphone—and he's spending billions to prove it, even as Reality Labs posts a $19.2 billion loss.
The CEO using AI to double revenue with 1,000 fewer hires: ‘Nobody’s going to replace the last mile’
"I was having a conversation this weekend with Claude and it was a pretty in-depth conversation," W.J. Werzyn told Fortune. And then it hallucinated.
America’s entrepreneurial boom begins long before venture capital
Latino-owned businesses added 180,000 net new firms between 2017 and 2023 while white-owned firms declined — and the talent pipeline behind that growth runs through Minority-Serving Institutions now facing funding uncertainty.
Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’
Ukrainian President Volodymyr Zelenskyy described the attack as part of Ukraine’s “long-range sanctions” against Russia.
The World Cup is just now discovering Middle America’s big heart. These Irish bingo kingpins built a $24 million business knowing it all along
Craig Reynolds and Will Meara launched Bingo Loco in a Dublin basement in 2017. Nine years later, Locomotive sells a million tickets a year in 300 cities.
The sports economy is unaffordable at the bar, let alone the stadium
New data shows fans are going into debt for tickets — and one in five can't even afford to watch out at a sports bar.
Scott Bessent goes after the top Mexican cartel’s new billion-dollar business: gas stations
Treasury sanctioned two men and nine firms tied to a Jalisco cartel fuel-theft ring that reportedly nets tens of millions a year across 21 Mexican states.
Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle
Other big-name participants include BlackRock, American Express, and Google.
Wendy Schmidt: Three centuries of science is something to celebrate
George Washington Died Not Knowing Dinosaurs Existed. Three Centuries Later, Science Has Never Needed More Defense.
AWS CEO says replacing young employees with AI is ‘one of the dumbest ideas’—and bad for business: ‘At some point the whole thing explodes on itself’
Amazon laid off 14,000 employees this fall, but CEO Andy Jassy denied the reductions were related to AI.
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it’s the lesson he swears by as a $7.2 billion AI CEO
$7.2 billion AI founder Arvind Jain ‘observed’ Sundar Pichai at Google for years before he became CEO—and learned you need to ‘think crazy’ to be successful
3 million Americans have dropped Obamacare health coverage over past year, after Republicans let federal subsidies expire
KFF expects the total number of people in the government healthcare program to continue to decline throughout the year, potentially to a low of about 17.5 million from 19.2 million now.
Morgan Stanley on life after selling your business: a roadmap for entrepreneurs
Selling your company can be the financial win of a lifetime — and one of the most disorienting transitions you'll ever face.
Walmart’s $1.4 billion Vibe.co deal is a direct shot at Amazon’s booming ad business
With a $1.4 billion deal for Vibe.co, Walmart is aiming to capture the ad dollars of smaller brands.
The ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
A spine surgeon warns that smartphone addiction is quietly deforming the spines of Gen Z and Gen Alpha.
Business is moving past the tech bro era and learning to value ‘real people, real places’
Also: All the news and watercooler chat from Fortune.
Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney
A recent Wall Street Journal investigation found that the prediction market hired influencers to stage fake trades as part of its marketing campaign to attract U.S. users.
United Nations: business can’t build economic resilience from the sidelines
As geopolitical risk rises and the $4 trillion SDG financing gap widens, blended finance will only scale if companies help design systems.
Veteran Middle East CEO says business in the region isn’t retreating—it’s resetting
Also: All the news and watercooler chat from Fortune.
Ezekiel Emanuel: My father lived into his 90s. He understood something many successful men miss
The wellness industry wants you obsessing over biomarkers and supplements. One physician's life offers a simpler—and more effective—blueprint for aging.
‘I literally was crying last night because I’m nervous about what I’m going to find out’: a record 51% of Americans aren’t ‘cost secure’ on health
Half of Americans couldn't reliably afford healthcare, before the Medicaid cuts even started.
A Saints legend is selling fans a piece of professional sports for $500
Marques Colston's Champion Fund opens an owners-only world to anyone with a few hundred bucks. The catch: 5.75% in annual fees.
He fled Iran for the American dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer
Health tech millionaire escaped Iran with nothing—now he skips lunch, spends $500 a month on carrot juice, and bought his whole team Rolexes.
Basketball vs. the Beautiful Game: the fight for America’s summer sports attention
Two mega-events, record ratings, and billions in broadcast rights: the collision that will reshape sports media for a generation.
The management lesson behind FedEx Freight’s break from FedEx
Scale can sometimes become a constraint.
Middle-aged adults taking GLP-1s for obesity can save over $192K on lifetime medical costs, higher if they don’t have college degrees, new study finds
The National Bureau of Economic Research paper's lead author hopes putting a dollar value on the benefits of GLP-1s will lead to better access
Trump at 80 works to project strength as political woes mount
He is struggling to end an unpopular war with Iran, some fellow Republicans have begun to resist his ideas and polls show his support outside his devoted base is waning.
Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
The JPMorgan CEO has a message for remote workers: The customer comes first.
AI can be a ‘secret sauce’ or a way of ‘democratizing mediocrity’—Here’s how business leaders are getting the best of the technology
AI tools can be the most effective and well-designed in the world, but two people can use the same tool and get to vastly different results.
AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
AI is one of five potential drivers of health costs climbing up to 9% in 2027, according to PwC.
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
"No one has ever built a new stadium and made tickets cheaper. No one’s trying to.”
Chevron’s CFO on why finance chiefs are defining AI’s business value
Eimear Bonner, a former CTO, explains how the finance organization is using AI.
Health care’s AI dividend is real. The fight now is over who reaps the gains
Also: All the news and watercooler chat from Fortune.
Meet the Walmart exec who runs a $96 billion business that would sit between Tesla and Target on the Fortune 500
Sam's Club CEO Latriece Watkins runs a $96 billion business within Walmart.
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
For Q1, the first quarter with the initiative in place, just over half of the company’s 246 employees qualified and received raises between 2% and 4% so far.
Jenn Landis rebuilt Citi’s Wall Street credibility. Her reward: CFO of a $22 billion business
Landis, who spent five years leading investor relations, will become CFO of the Markets business effective early August.
How Howie Mandel turned a panic attack into a mental health movement and helped build a company now worth hundreds of millions
Howie Mandel did a campaign with NOCD, a telehealth app to help spread awareness of OCD. Out of that campaign, Billy Bob Thornton and "celebrity galore" reached out.
Melinda French Gates is done waiting for health care to take menopause seriously
Celebrities like Halle Berry and Naomi Watts have jumped on menopause startups. Now Melinda French Gates is throwing her weight behind the category—with philanthropic dollars.
‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy
“You can’t find another China. There’s no other China out there now," Greater China chair Joe Ngai says.
A new AI-powered computer worm could prove to be the stuff of cybersecurity nightmares
University of Toronto researchers built a worm powered by open-weight AI that adapts to its targets. Experts say it changes the math on cybersecurity defense
Some of the biggest U.S. sporting towns decided not to host any World Cup games, fearing a ‘major financial burden to our cities’
Chicago, Phoenix, and other big sports towns dropped their World Cup bids. History suggests it may have been a smart choice.
Andrew Yang’s upstart cell phone business acquires Helium Mobile
Noble Mobile plans to keep Helium’s low-cost cellular plans intact
Sheinbaum accuses U.S. of interfering in Mexico’s politics
"Or are we perhaps seeing sectors of the US far right positioning themselves ahead of their 2026 elections?”
I built a startup from scratch and still nearly died because of a broken healthcare system. That’s why I’m running for Congress
The American Dream isn't dead — but Washington is working overtime to kill it.
I built a startup from scratch and still nearly died because of a broken healthcare system. That’s why I’m running for Congress
The American Dream isn't dead — but Washington is working overtime to kill it.
‘Don’t be yourself’ in the workplace, actually, Columbia professor says. Here’s why authenticity is ‘overrated’
In the ongoing debate around balancing one’s personal and professional lives, Tomas Chamorro-Premuzic says “being yourself” isn’t a good enough leadership strategy.
Meet the Black women on Fortune’s Most Powerful Women list shaping business leadership
Thasunda Brown Duckett and Mellody Hobson are some of the Black women leading the world's most influential businesses.
He left big law, became a DJ to pay his bills, and built sports clubs inside refugee camps. Now he wants more members than Bayern Munich
Jan van Hövell's KLABU turns shipping containers into community hubs for some of the world's 120 million displaced people. PSJ just signed on to help.
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
JPMorganChase is deploying nearly $40 million to community lenders across the country — the first concrete move under Dimon's American Dream Initiative.
Millions of business owners are about to retire. They should sell to their employees
A once-in-a-generation wealth transfer is underway. There's a bipartisan tool to ensure that transition builds broader prosperity.
Elon Musk’s SpaceX IPO filing just told us what business he’s betting on for the future—and it’s not rockets
Elon Musk's creation has essentially re-invented itself from a commercial space pioneer facing little competition, to an AI-centric player battling all the hyperscalers.
Steve Wozniak says he didn’t cofound Apple to ‘make money’—he only did it because he was rejected by HP 5 times, and for years his pay was just $50
While he could’ve been a trillionaire today, Apple cofounder Steve Wozniak sold his stake early: “I didn’t want to be near money, because it could corrupt your values.”
McKinsey studied 200 family business successions. The biggest problem wasn’t the heir — it was the outgoing CEO
New research across 50 countries finds family-owned businesses underperform for five years after a leadership transition — and the culprit is usually the person leaving, not the person arriving.
Indian Gen Zers turn online parody account into political movement: the Cockroach Janta Party
Memes mocking corruption, joblessness and political dysfunction have flooded social media, where millions of users are adopting the cockroach.
‘We’ve given them the short end of the stick’: Business school dean says AI could eliminate many jobs for young people—even as they lead innovation
Despite being innovation leaders, young workers face an AI transition that prioritizes "better, cheaper, faster" over breakthrough thinking, according to Professor Jeff DeGraff.
A doctor shortage is coming. AI could be the only realistic fix
With 86,000 clinicians missing by 2036 and physicians spending less than a third of time on patients, AI is a hopeful fix for medicine's structural issue.
DEI experts say the acronym may be radioactive, but the underlying business case is stronger than ever
Two former chief diversity officers say companies that abandon DEI under pressure are making a costly, long-term business mistake.
World Economic Forum: women’s health gets only 20% of R&D funding. We must seize this $1 trillion opportunity
A new radar developed with the Gates Foundation and Wellcome Leap reveals that fewer than 3% of clinical trials are women-specific.
PayPal reaches $30 million DOJ settlement over 2020 program for Black-owned businesses
The agreement comes just one month after IBM agreed to pay $17 million in damages to the DOJ over its DEI programming.
Business formations hit all-time high as ‘under-employed’ Americans turn to side hustles to make ends meet
It seems nobody's coming to rescue American families from an affordability crisis—so they're taking it into their own hands.
Shaq’s father once gave his White Castle burgers to a homeless vet—and it inspired the NBA legend’s business and philanthropy empire
Basketball legend Shaquille O'Neal says his father taught him to give people help when they’re in need—and he’s lived by that lesson throughout his three-decade career.
It’s not just Canadian tourists snubbing U.S. cities. Business leaders are cancelling more trips to America as geopolitical tensions continue
An analysis of cell phone data shows Canadian visits to U.S. cities have plummeted 42% year-over-year, dwarfing previous estimations.
Greenboard raises $15.5 million to keep compliance from slowing down business in the AI era
Base10 led the Series A after leading the startup’s 2024 seed round
WFP Chief Cindy McCain warns that the food crisis is a business crisis: ‘Feed them now or fight them later’
Also: All the news and watercooler chat from Fortune.
Native American businesses have diversified beyond casinos to become a rural economic force. Trump is cutting off a lifeline that goes beyond tribes
Tribal enterprises are a lifeline for rural America, but a crackdown on federal contracting initiatives might upend their business model.
Forget the Rust Belt or the Sun Belt. The ‘Wired Belt’ may be the next frontier of American political power
AI automation may be the catalyst for a white-collar suburban revolt.
Meet Goldman’s athlete whisperer: the woman who stands guard against $1 billion of fraud targeting sports fortunes
Nicole Pullen Ross has advised the ultrawealthy for 26 years at Goldman Sachs. She talked to Fortune about working in sports and seeing a number get retired.
Johnson & Johnson CEO: America’s innovation advantage starts with health
From AI-accelerated drug discovery to a $55 billion domestic manufacturing push, the U.S. health innovation engine is just getting started.
Why GameStop’s bid for eBay echoes one of the worst business deals of all time
GameStop's play for eBay echoes the AOL-Time Warner deal in eerie detail—and that should terrify eBay's board.
Airfare is up 15%, gas is past $4, and SAP Concur data shows business travel is quietly breaking
Business travelers are skipping the car rental entirely in favor of train travel.
Indosat CEO Vikram Sinha is building an AI for Indonesia’s local languages. Can he make a business case for sovereignty?
Vikram Sinha wants Sahabat AI to be a platform for Indonesia's startups—even if he admits his team can't quite think of a "business case" right now.
The beauty founder who built a business on QVC is ready as America discovers a new love for live shopping
As Americans embrace shopping through TikTok Shop and Whatnot, beauty entrepreneur Victoria Jackson says the format isn’t new.
CFOs are worried about geopolitics and inflation. But they’re still chasing growth
Finance chiefs say they're bracing for volatility but still hunting for upside.
EQ training is failing leaders in the AI era. Here’s the brain science concept that can replace it
Emotional intelligence is no longer enough — "neurointelligence" is the leadership skill the AI age actually demands.
Women’s sports is booming—but a new divide is taking shape
Investors see a growing divide between teams that invest in infrastructure and those that don't.
I watched my father run his business through the Lebanese Civil War. Here’s what it taught me about leading through disruption.
The leadership lessons forged in Beirut are exactly what business leaders need as the assumptions underpinning decades of growth come apart simultaneously.
Spirit Airlines is ending operations immediately and going out of business after 34 years, with refunds to come but no customer service
The airline said on its website that all flights have been canceled and customer service is no longer available.
Forget Big Tech: Small businesses will hire nearly 1 million grads in 2026—and some of the hottest roles are gloriously AI-proof
While financial analysts and software engineers have suffered the biggest decline in share of the new grad job market, AI engineers and service technicians are at the top.
Former Miami Mayor Francis Suarez: Why I’m joining Stephen Ross and Ken Griffin in betting big on ambitious business leaders
The man behind Miami's viral "How can I help?" explains why he signed on as Senior Advisor to the Gold Coast's most ambitious recruitment campaign yet.
Exclusive: Startup Fun raises $72 million for the serious business of converting crypto and cash
The crypto investor Multicoin Capital and the tech VC SignalFire led the Series A fundraise.
Google Cloud is almost one-fifth of Alphabet’s business
Plus: Amazon, Anthropic, Microsoft, Musk v. Altman, Parallel, Qualcomm, Samsung, SoftBank.
Google Cloud revenue is now 18% of Alphabet’s business. Is this the beginning of the end of Google’s search identity?
Search and advertising have been central to Google's identity and business from Day One. The booming demand for AI may be changing that.
They want their teams to win. The Liberty and Nets owners are funding scientific breakthroughs on human health that only billionaire philanthropy can achieve
Clara Wu Tsai's $220 million investment in athlete research has already helped lead to a drug designed to preserve muscle strength as we get older.
AWS CEO Matt Garman sees huge business opportunity for Amazon in AI-powered software: ‘Everything is going to be remade’
In an interview with Fortune, the CEO of Amazon Web Services discussed the company's new push into productivity software as well as its partnership with OpenAI.
Your job can actually kill you: More than 840,000 people die annually from health conditions linked to work stress, ILO report says
A new ILO report says long hours, job insecurity, bullying, and other psychosocial risks at work are tied to a total 1.37% loss of the global GDP.
How a Spanish startup pivoted to video AI and built a $230 million ARR business with no VC funding
Freepik is rebranding itself as Magnific, as cofounder and CEO Joaquín Cuenca Abela rebuilds the company for an AI future.
Barbara Corcoran famously ‘never saved a dime’: Even when she sold her business for $66 million, her first thought was ‘What can I spend this on?’
"I never got rich by saving, I got rich by allowing money to come and go."
John Ternus, Apple’s new CEO, inherits a rebounding China business—and some messy headaches
Ternus must navigate a protectionist Washington, a prickly Beijing and a Chinese consumer less interested in foreign brands.
Sergey Brin confronted Gavin Newsom at a treehouse party — then launched a political war
Brin has spent more than $58 million in the last four months, but more importantly has helped mobilize a network of fellow tech titans in a push to sway state issues.
The Declaration of Independence was America’s first founding bet. Business leaders must build on it
Keith Krach, CEO of Freedom 250, launches a Fortune series connecting the entrepreneurial spirit of 1776 to the decisions facing business leaders in 2026.
Trump’s hatred for ‘windmills’ threatens Republicans in coastal Virginia who now face more political peril after the state’s redistricting vote
For now, the Virginia wind project is back on track, along with four others, because of federal court rulings.
Even as businesses spend $4 million to cross Panama Canal, they say ‘it’s safer and less expensive’ than the Strait of Hormuz
While passage through the canal usually comes at a flat rate via reservations, companies without bookings can pay more to cross through an auction that awards slots to the highest bidder. The alternative would be waiting for days off the coast of Panama City.
Hallucinogenics are illegal under federal law but that isn’t stopping the FDA from fast tracking 3 psychedelic drugs to treat mental health
Last week, President Donald Trump signed an executive order directing the FDA and other federal agencies to speed research and loosen restrictions on psychedelics, a class of hallucinogenic drugs which remain illegal under federal law.
‘This is very transformative for the business’: Lyft’s head of growth on taking a big step into London’s black cab sector
The ride-hailing giant has agreed to acquire Gett UK, making it the largest app for London's iconic black cabs. Lyft's EVP for global growth, an Arsenal fan, is excited.
Stephen and Ayesha Curry talk about the one habit that separates good business leaders from great ones
The Currys, co-founders of Plezi Hydration, discuss leading with purpose.
How Spirit Airlines’ business model collapsed—and why a Trump bailout could make things worse
Covid, a failed merger, and now a spike in jet fuel prices have conspired to make Spirit's finances unworkable.
Stephen and Ayesha Curry are coming for the sports drink market—and their kids were the first focus group
In an interview with Fortune, the Currys explain why they jumped at the chance to work on a Michelle Obama-backed healthy sports drink Plezi Hydration.