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Indiaâs Ministry of External Affairs issued a response Saturday to President Donald Trumpâs decision to impose a $100,000 fee on H-1B visa applications, warning on X that the move could create âhumanitarian consequencesâ by disrupting families.
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Over 70% of H-1B visa holders are Indian citizens. Its government says Trump jacking the fee to $100,000 is 'likely to have humanitarian consequences' | Fortune
The founder of Greycroft Partners says "there is not a single company that I have invested in the last 10 years that could afford to pay this."
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8 minutes ago
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President Donald Trumpâs decision to dramatically raise the cost of a key visa for foreign workers caused chaos over the weekend. Chief executives shared their reactions with
#CEODaily
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34 minutes ago
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âEvery copilot pilot gets stuck in pilot.â Varonis field CTO Brian Vecci told Fortune
#BrainstormTech
that companies eager to deploy generative AI tools often slam into the same wallâdata security fears.
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AI pilots keep stalling on data fears. The fix? A culture of curiosity. | Fortune
AI adoption is stuck in âpilot mode.â Leaders say the way out is balancing guardrails with bold experimentation.
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40 minutes ago
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The jobless rate for recent college grads is higher than the overall rate. âIt may be due to the increase of college educated people in the workforce generally these days, so the new entrants are competing for jobs with more experienced college graduates.â
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Gen Z job crisis: Maybe there are just too many college graduates now | Fortune
The percentage of Americans with a bachelorâs degree or higher is now 37.5%, up from 25.6% in 2000.
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about 17 hours ago
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According to UBS chief economist Paul Donovan, the spike in U.S. youth unemployment stands in stark contrast to global trends and cannot be blamed on artificial intelligence despite the current fascination with automation in public debate.
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Top economists and Jerome Powell agree that Gen Z's hiring nightmare is realâand it's not about AI eating entry-level jobs | Fortune
"The U.S. labor market experience is peculiar," UBS' Paul Donovan wrote in a UBS note asking, "the kids are alright?"
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about 19 hours ago
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While one might expect his English degree to have been a disadvantage in tech, it actually was a benefit. âI had to develop the ability to communicate, and I had to develop the ability to spot talent.â
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This Shark Tank star became a millionaire by 26âhe tells Gen Z to be great at just one thing because âthe world doesnât reward general talentâ | Fortune
Struggling to land a job? Shark Tankâs Robert Herjavec says Gen Zâs secret weapon might not be techâitâs communication.
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about 21 hours ago
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Realtor.com says the week of Oct. 12-18 will be 2025âs âsweet spotâ for home shoppers thanks to a ârare combinationâ of higher inventory levels, lower home prices, and less competition.
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The 'best time' to buy a home is right around the corner. Here's what you need to know | Fortune
Buyers could start coming off of the sidelines in mid-October.
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about 21 hours ago
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For the first four weeks, he would only get a maximum of five orders per night. But his home operation took off when the school newspaper ran a profile on his cookie-peddling scheme, plastering the story on the front page. That evening, he got 85 orders.
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Insomnia Cookiesâ CEO runs a sweets empire worth $350 millionâbut as a college junior he delivered cookies across campus at 2 a.m. | Fortune
Insomnia Cookies CEO Seth Berkowitz started his cookie-delivery business and got angel investors on board before even graduating college.
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about 23 hours ago
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âWe consistently find that if people get a certain level of attainment with digital skills, the door is open wideâand many people that we assume have those skills, do not.â
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Goodwill CEO says heâs preparing for an influx of jobless Gen Zers because of AIâand warns, a youth unemployment crisis is already happening | Fortune
Over 2 million job seekers used Goodwill's employment services last yearâand the charity's CEO says it's gearing up for an influx of unemployed Gen Z thanks to AI.
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about 24 hours ago
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One thingâs for sure, while there may be a range of motivations for the Fed and its periphery to focus on the dual instead of the triple mandate, no one wants to see the third item dropped from the agenda.
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The Fed doesn't actually have a 'dual' mandateâthere's a third part it rarely mentions, and economists want it to stay that way | Fortune
Some experts told Fortune that even they had forgotten entirely about the long-term interest rate rule,
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1 day ago
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âThe survey findings suggest that this crisis could have a long reach, affecting every area of the economy, as farmers are less likely to make purchases and will certainly make budget cuts that could affect their local communities.â
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A once-in-a-generation economic crisis in rural America means this year could be the last one for many farmers as Trump-Xi call offers no relief | Fortune
A survey from the National Corn Growers Association showed that 46% believe the U.S. is on the brink of a farm crisis, and another 33% said maybe.
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2 days ago
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Fortune has heard from more than a dozen millennial managers and found a once-optimistic cohort now sandwiched between old-guard expectations, a daily onslaught of modern pressures, and the promise and peril of new work trends.
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Meet the millennial managers âstuck between a rock and a hard placeâ: theyâre taking âsanity days,â dodging layoffs and trying to stay out of the ER | Fortune
The âcool bossâ with boundary issues is now probably your manager, and probably didn't get much training. Millennials told Fortune theyâre struggling to figure it out.
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2 days ago
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âIâm obviously both terrified and maybe slightly flattered,â she said. âBut the strangeness and the fear of it outweighs any flattery.â
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âShut it down!â â Bumble founder Wolfe Herd is terrified that thereâs a new Hulu biopic about her life and wanted to block it two years ago | Fortune
âIâm obviously both terrified and maybe slightly flattered,â Whitney Wolfe Herd said of âSwiped.â
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2 days ago
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The complaint says unnamed U.S. companies were victims, including airlines, manufacturers, retailers, five tech companies, three financial services firms, and dozens of others. The federal court system was also allegedly targeted.
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London teenager orchestrated 'help desk' extortion scheme against 47 U.S. companies that netted $115 million says DOJ | Fortune
A 19-year old is facing a maximum 95 years in prison for allegedly calling company help desks and convincing employees to reset passwords in a massive scheme.
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2 days ago
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âIn todayâs world, ideas are the most vulnerable in the moment you have them. I waited a year before I told any friends or family what I was working on, and thatâs because I didnât want ego to have to get involved too early."
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Billionaire Sara Blakely says she launched Spanx with just $5,000 from selling fax machinesâand never took on a single investor: 'I bet on myself' | Fortune
"I sat down with myself and I was like, you wanna spend your five grand on a vacation? Or do you wanna try to bet on yourself?"
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2 days ago
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Starbucksâ embrace of protein reflects a broader industry trend that shows no signs of slowing. The global high-protein food market is projected to grow by $50.2 billion by 2028, according to research firm Technavio.
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Starbucks CEO says the company is doubling down on protein and gluten-free options: 'I believe our food needs to match the craft of our coffee' | Fortune
The famed coffee chain is looking to capitalize on growing trends around health consciousness and fitness culture.
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2 days ago
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Turning Point USA netted $85 million in revenue in 2024 alone, up more than 142% over the last five years. The vast majority, 99.2%, of that revenue comes from charitable contributions.
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Charlie Kirk left behind a vast, lucrative network of 500,000 donors who gave Turning Point $85 million in revenue | Fortune
He wanted to create an institution as renowned as The New York Times or Harvardâbut with its founder gone, the future is murky.
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2 days ago
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Samsung is piloting a software update that would display ads on the screens of certain Family Hub refrigerators.
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Samsung confirms it will begin showing you advertisements on your $1,800-plus refrigeratorâs screen | Fortune
The tech company has a history of customer blowback over inserting ads on the digital displays of home devices.
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3 days ago
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Metaâs chief AI officer Alexandr Wang has advice for kids, especially those in Gen Alpha: Forget gaming, sports, or traditional after-school hobbies. âIf you are like 13 years old, you should spend all of your time vibe coding,â Wang said.
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Meta's 28-year-old billionaire prodigy says the next Bill Gates will be a 13-year-old who is 'vibe coding' right now | Fortune
Teenagers, Alexandr Wang argues, have a built-in edge.
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3 days ago
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Baby boomer NYU professor Suzy Welch said people should sympathise with the âvulnerability and sadnessâ of Gen Zâs current situationâcrippling debt and uncertaintyâinstead of hating on them.
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Suzy Welch says Gen Z and millennials are burnt out because older generations worked just as hard, but they 'had hope' | Fortune
"We believed that if you worked hard, you were rewarded for it," Welch said. "This is the disconnect."
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3 days ago
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During a closed-door gathering Wednesday of top executives that was organized by the Yale School of Management, attendees were asked if they planned to invest more in U.S. manufacturing and infrastructureâand 62% said no.
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Behind closed doors, a majority of CEOs admit they won't boost U.S. investment as tariffs hurt their businesses | Fortune
During a gathering of top CEOs organized by the Yale School of Management, 62% said they don't plan to invest more in U.S. manufacturing and infrastructure.
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3 days ago
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âQuiet promotionsââwhere employees take on more responsibility without a pay raiseâare becoming increasingly common as companies manage tighter budgets.
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Employers are dishing out quiet promotions: fancy new job roles without the title or payâand experts say it âpractically guarantees burnoutâ | Fortune
Employers are getting more done at the office, by having you do more for less. Experts warn itâs ânormalizing unpaid advancement.â
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3 days ago
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Social Security faces insolvency by 2032, forcing policymakers to weigh politically fraught options like raising the retirement age, raising taxes, or adjusting benefit caps. Commissioner Frank Bisignano said âeverythingâs being considered."
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Trumpâs social security chief says âeverythingâ is on the table and retirement is about to get a âdifferent set of rulesâ | Fortune
With Social Security projected to be insolvent by 2032, Commissioner Frank Bisignano says options like raising the retirement age are on the table for U.S. retirees.
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3 days ago
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At Fortune
#BrainstormTech
, Matthew Prince, the cofounder and CEO of Cloudflare, issued a stark warning about the future of media, cautioning that without intervention, the world could be heading toward a ââBlack Mirrorâ outcome.â
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Cloudflare CEO warns of a 'Black Mirror' outcome if Sam Altman or other AI people control the media | Fortune
"It could be that we go back to a time where there are five powerful families out there that control all information," Matthew Prince warned.
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3 days ago
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Gen Z may be skeptical of the higher education payoff, but LinkedInâs new ranking shows elite programs like Stanford and Harvard still deliver career gold.
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Not all degrees are a waste of time and moneyâthese MBA programs are landing grads $150K+ jobs in tech and consulting | Fortune
Gen Z may be skeptical of the higher education payoff, but LinkedInâs new ranking shows elite programs like Stanford and Harvard still deliver career gold.
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3 days ago
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President Donald Trump is weighing a bailout program for farmers that would use tariff income, according to Agriculture Secretary Brooke Rollins.
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Trump may use tariff revenue to bail out farmers, agricultural secretary says. Theyâre reeling from challenges caused by the levies to begin with | Fortune
Subsidies to farmers in rural America may ease their financial troubles, but the erosion of agricultural markets as a result of tariffs will remain, one economist warns.
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3 days ago
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Ray Dalio warned at the Future China Global Forum that Americaâs $37.5 trillion debt poses a crisis risk, but argued the U.S. canât realistically cut spending.
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Ray Dalio says the world is running out of interest in buying U.S. debtâbut that America's economy is unable to cut back on spending | Fortune
But Dalio, speaking at the Future China Global Forum in Singapore this week, doesn't think the U.S. is in a position to pull back on its spending.
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3 days ago
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Two places have emerged as new hotspots for Gen Z college grads: Florida and Texas. Thatâs largely thanks to a mass migration of publicly traded corporationsâ headquarters since 2020.
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Gen Z college grads are flocking to Texas and Florida where companies have 'overwhelmingly' relocated their headquarters | Fortune
These markets are becoming nearly as popular as New York and San Francisco.
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3 days ago
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The Fed is forecasting economic growth and falling unemployment, yet it is cutting interest ratesâsomething usually seen in recessions. U.S. stocks hit a record high yesterday, and some Wall Street analysts are concerned that this all looks a bit frothy.
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Inside the Fedâs economic projections, âsomething isnât adding upâ according to SoFiâs investment chief | Fortune
The Fed says the economy will grow and unemployment will decline. So why did it cut interest rates on Wednesday?
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3 days ago
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Gen Z are the most likely generation to lie awake thinking about moneyâa staggering 7 in 10 canât sleep because theyâre so stressed about rising prices, rent and job security.
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Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25 | Fortune
âThe key to that is really redeploying people and re-skilling them,â Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not replace.
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3 days ago
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Federal Reserve policymakers delivered a quarter-point interest-rate cut this week, but leading economist Mark Zandi warns the move carries a more hawkish signal than markets had anticipated.
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The Fed's cut was 'more hawkish than anticipated,' Moody's Zandi says â and warns it won't be enough to stave off a looming jobs recession | Fortune
The market didnât get the dovish signal it was looking for.
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3 days ago
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American Express CEO Steve Squeri insists that the improved Platinum will provide the richest benefits of any widely-used card today.
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American Express's CEO unveils a big upgrade to its $895 Platinum Cardâand explains how he's targeting Gen Z and Millennials | Fortune
Together, those younger generations account for 35% of all U.S. consumer spending for Amex, up from 19% in 2019.
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3 days ago
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Activist investor Sardar Biglari launched his eighth proxy battle at Cracker Barrel after the dining chain reported disappointing fourth-quarter earnings on Wednesday.
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Longtime Cracker Barrel foe urges shareholders to vote against âworse than mediocreâ CEO after dismal earnings | Fortune
Cracker Barrelâs shares tumbled after mixed earnings, fueling activist investor Sardar Biglariâs latest campaign to oust directors he blames for âsevere destruction of shareholder value.â
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4 days ago
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Bank of America has announced a landmark pay increase, raising its U.S. minimum hourly wage to $25 as of early October.
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Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25 | Fortune
âThe key to that is really redeploying people and re-skilling them,â Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not replace.
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4 days ago
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Former U.S. president Barack Obama laid into the Trump administration Thursday following ABCâs decision to âindefinitelyâ suspend comedian Jimmy Kimmelâs late-night talk show.
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President Obama accuses the Trump administration of 'government coercion' after ABC takes Jimmy Kimmel off the air | Fortune
The 44th U.S. president said media companies need to stand up instead of cave.
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4 days ago
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Wednesdayâs grand unveiling of Metaâs latest smart-glasses was overshadowed by a live onâstage demo that repeatedly failed.
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Mark Zuckerberg blames bad Wi-Fi after the live demo of his new $800 smart glasses goes horribly wrong | Fortune
Critics are raving about Meta's new wearables. But Zuckerbergâs live demo of the $799 Ray-Ban Display was a pretty big flop.
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4 days ago
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The simultaneous political crackdown and corporate consolidation have left late nightâa bedrock of American TV for 70 yearsâat an inflection point.
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First Kimmel, then Fallon and Meyers? A veteran TV scholar says late night canât survive politics anymore â and todayâs hosts must âtread carefullyâ | Fortune
âWe may be coming full circle," Robert Thompson of Syracuse University told Fortune, "back to a Carson-style, harmless late nightâwith NBC the last one standing.â
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4 days ago
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Huawei, the company most connected to Chinaâs drive for tech self-sufficiency, unveiled its AI chip plans, laying down the product roadmap for a semiconductor division thatâs become increasingly important to the company and the country more broadly.
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Huawei reveals its Ascend AI chip plans, taking the fight to Nvidia with new superclusters | Fortune Asia
Huawei laid down a roadmap for its Ascend AI chips, an increasingly important product for the company, and China as a whole, amid the U.S.-China tech arms race.
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4 days ago
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Dozens of channels from local ABC stations will broadcast a remembrance of Charlie Kirk in place of Jimmy Kimmel Live! on Friday, following the sudden and shocking suspension of Disneyâs long-time face of late night on Wednesday evening.
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Jimmy Kimmelâs canned show will be replaced by a Charlie Kirk tribute â and an angry ABC affiliate is demanding a donation to Turning Point USA | Fortune
ABC local affiliate Sinclair will air a Kirk remembrance in place of Kimmelâs late show starting Friday.
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4 days ago
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In the days following Oracleâs breakout earnings report, cofounder Larry Ellisonâs net worth plummeted $34 billion. An economist tells Fortune the fall could be caused by âsecond thoughtsâ over Oracleâs recent deal with OpenAI.
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$34 billion was wiped from Larry Ellisonâs net worth days after briefly becoming the worldâs richest as âAI bubbleâ fears grow | Fortune
Larry Ellison briefly knocked Tesla CEO Elon Musk from the top spot last week, but heâs lost billions in the one week since.
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4 days ago
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At Fortuneâs
#BrainstormTech
conference last week, Ramp cofounder Eric Glyman shared that instead of turning to executive coaches for wisdom, he prefers candid one-on-one conversations with fellow entrepreneurs.
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Ramp CEO calls advisors like OpenAI's Fidji Simo and Microsoft's Satya Nadella for advice | Fortune
Eric Glymanâs six-year-old startup just notched $1 billion in annualized revenue.
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4 days ago
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As retiring in America becomes increasingly unaffordable, retirees are booking a one-way trip to Portugal instead.
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The 10 best countries to retire in right nowâand America didnât make the cut | Fortune
As retiring in America becomes increasingly unaffordable, retirees are booking a one-way trip to Portugal instead.
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4 days ago
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Deliveroo CEO Will Shu went from grinding 100-hour weeks on Wall Street to creating a solution to Londonâs lack of late-night food delivery. More than a decade later, heâs walking away with nearly $250 after a $4 billion DoorDash acquisition.
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Deliveroo CEO Will Shu turned 100-hour Wall Street weeks into a $4 billion food empire. Now heâs walking away with $250 million | Fortune
From midnight cravings to millionaire: Deliverooâs Will Shu is cashing out with $250 million after a $4 billion DoorDash deal.
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4 days ago
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Disney is facing mounting boycott threats after its ABC network decided to indefinitely suspend âJimmy Kimmel Live!â over comments the host, comedian Jimmy Kimmel, made about conservative activist Charlie Kirkâs recent assassination.
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People are threatening to boycott Disney after ABC suspends Jimmy Kimmel: âLetâs do to Disney what we did to Targetâ | Fortune
Many believe Kimmel's suspension, done in response to comments made about Charlie Kirk's assassination, is a violation of free speech.
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4 days ago
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Barry Biffle, the CEO of low-cost carrier Frontier, shot back at his United counterpart Wednesday for his comments predicting the end of Spirit Airlines and the budget flight industry âThatâs cute,â Biffle said Wednesday at Skift Global Forum.
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Frontier Airlines boss fires back at United CEO's claim that low-cost flying is near extinction: 'Thatâs cute' | Fortune
Barry Biffle said if Scott Kirby were âgood at math, he would understand that we have an oversupply issue in the United States.â
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4 days ago
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Charity meal auctions with Warren Buffett and other famed U.S. investors are well known. Singapore is now joining the trend with a recent auction for a dinner with one of its most prominent bankers.
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4 days ago
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Jerome Powell said the U.S. is seeing âunusually large amounts of economic activity through the AI buildout,â a rare acknowledgement from the central bank that the surge is not only outsized, but also skewed toward the wealthy.
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Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: âUnusually large amounts of economic activity' | Fortune
â[Spending] may well be skewed toward higher-earning consumers,â Powell said. âThereâs a lot of anecdotal evidence to suggest that.â
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4 days ago
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Since the Federal Reserve hiked interest rates aggressively in 2023, home-price appreciation has been either broadly flat or falling across the U.S. The average American homeowner lost approximately $9,200 in equity during the past year.
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The average American homeowner lost $9,200 in home equity during the last year. Itâs not a collapse but a 'long-term market correction' | Fortune
Borrower equity is the third-highest ever recorded, but Leo Pond from Four Seasons Sothebyâs told Fortune that a fast climb uphill has turned into a plateau.
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4 days ago
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Nvidia has announced an unprecedented $5 billion investment in Intel, signaling a strategic pivot in the global chip industry and marking a lifeline for the once-dominant but recently embattled U.S. chipmaker.
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Intel shares surge 30% as Nvidia announces $5 billion investment in Americaâs one-time chips champion | Fortune
Nvidia CEO Jensen Huang hailed the deal as a "historic collaboration," adding that "AI is powering a new industrial revolution."
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4 days ago
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Federal Reserve Chair Jerome Powell has sounded the alarm on what many recent graduates already knowâgetting a job right out of college is really hard right now.
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Jerome Powell says the Gen Z hiring nightmare is real: 'Kids coming out of college...are having a hard time finding jobsâ | Fortune
"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there."
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4 days ago
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