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The best of business since 1930.
If and when the Epstein files are released, an as-yet-unseen cache of documents describing Deutsche Bankâs relationship with the late financier will likely be among them.
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Deutsche Bank and Jeffrey Epsteinâs ghost | Fortune
Given its long history of servicing high-risk clients, it is perhaps unsurprising that Deutsche Bank stepped in when Epstein was ditched by JPMorgan.
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12 minutes ago
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Damola Adamolekun, 36, is the youngest chief executive in Red Lobster's nearly six-decade history. After the chainâs brutal bankruptcy, his plan involves seafood boils, Cheddar Bay Biscuits, and private equity data savvy.
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35 minutes ago
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The Trump administration is carefully weighing a campaign to rescue Argentinaâs economy and its wobbling president, Javier Milei.
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Inside the Trump teamâs secret talks to rescue Argentinaâwith the help of the âMoney Doctorâ who wants to stop the 'pink tide'Â sweeping Latin America | Fortune
Johns Hopkins professor Steve Hanke is an expert on "dollarization" and has helped the Trump Administration run through the options for intervening in Argentina's economy.
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about 1 hour ago
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âThis can be the greatest comeback in the history of the restaurant industry,â 36-year-old Red Lobster CEO Damola Adamolekun told Fortune. âTo lead that would be a once-in-a-lifetime opportunity.â
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Can this 36-year-old former investment banker save Red Lobster? Inside Damola Adamolekun's plan for the greatest comeback story in dining | Fortune
After the chain's brutal bankruptcy, his plan involves seafood boils, Cheddar Bay Biscuits, and private equity data savvy.
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about 2 hours ago
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AlixPartners co-CEOs David Garfield and Rob Hornby were promoted to lead the 2,500-person global consulting firm in February.
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about 3 hours ago
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Air traffic controllers arenât showing up to airports, as theyâre expected to work without pay during the government shutdown. Itâs making the industryâs staffing problem even worse, with staffing down 50% in some areas.
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The government shutdown spotlights America's air traffic controller shortageâbut those who qualify can make $145,000 every year | Fortune
Air traffic controllers arenât showing up to airports, as theyâre expected to work without pay during the government shutdown. Itâs making the industryâs staffing problem even worse, with staffing down 50% in some areas.
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about 14 hours ago
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âFirms can only absorb so much,â Nathan Sheets, Citigroup's top economist and an Obama treasury appointee, told Fortune. He warns, the consequences of President Donald Trumpâs renewed tariff wars will hit regular Americans the hardest.
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Top Wall Street economist sees 2 ways tariffs could play out â and neither is good for the average worker | Fortune
Nathan Sheets, Citiâs global chief economist, told Fortune that it's a similar situation to the "devastating" 1930s, but maybe not in the way you think.
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about 14 hours ago
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A growing sense of economic pessimism is taking hold in the U.S., as new Fannie Mae survey data reveals nearly 70% of Americans believe the economy is headed in the wrong direction.
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Nearly 70% of Americans think the economy is on the âwrong trackâ and it's a bad time to buy a home, Fannie Mae survey shows | Fortune
Americans are short on hope about the housing market.
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about 15 hours ago
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YouTube megastar Jimmy Donaldson, the creator behind the platformâs biggest channel MrBeast, is worried there are âscary timesâ ahead for the creator economy as AI video tools make it increasingly difficult to tell what is real.
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'Scary times': Youtubeâs biggest star MrBeast fears AI could impact 'millions of creators' after Sora launch | Fortune
Content creators such as Casey Neistat have warned of the ramifications of Sora, which he called a âTikTok clone where every video is AI.â
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about 15 hours ago
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Hedge fund billionaire Paul Tudor Jones, founder and CIO of Tudor Investment Corporation, has raised alarms about the state of financial markets, drawing pointed comparisons to the explosive tech-driven boom of 1999,
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Hedge fund billionaire Paul Tudor Jones says 2025 is 'so much more potentially explosive than 1999' because of the way bull markets always end | Fortune
Paul Tudor Jones also got far out and sci-fi, talking to CNBC. "Weâre kind of boldly going where no man has ever gone before."
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about 16 hours ago
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All-cash offers have cemented their place as a formidable force in the U.S. housing market, accounting for nearly one in three home purchases in the first half of 2025, according to the latest analysis from Realtor.com.
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All-cash offers are still a third of all home purchases, dominated by 'investors and second-home buyers,' data shows | Fortune
All-cash deals were 27.5% of the market in 2019. It's a different world now, according to Realtor.com's Hannah Jones.
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about 17 hours ago
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President Donald Trump does not seem eager to fuel MAGAâs rage over the NFLâs decision to tap Bad Bunny for next yearâs Super Bowl halftime show.
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Trump tries to cool off MAGAâs rage over the Puerto Rican rap superstar headlining the Super Bowl: 'I donât know who he is' | Fortune
Trump didn't touch the MAGA trial balloon over an NFL boycott, but he did say he hates the new kickoff rules. "It just looks terrible."
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about 18 hours ago
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U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology, according to Harvard economist Jason Furman.
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Without data centers, GDP growth was 0.1% in the first half of 2025, Harvard economist says | Fortune
Is a U.S. without data centers a country without GDP growth?
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about 18 hours ago
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Most interns settle for group meet-and-greets. This Gen Zer cold-emailed the bossâand walked away with career advice from the LA Clippersâ exec Gillian Zucker.
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A 19-year-old NBA intern landed a private meeting with LA Clippers CEO from a cold emailâshe told him âto do work that you can do for freeâ | Fortune
Most interns settle for group meet-and-greets. This Gen Zer cold-emailed the bossâand walked away with career advice from the LA Clippersâ exec Gillian Zucker.
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about 19 hours ago
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AI isnât just coming for low-wage or entry-level jobsâit could erase nearly 100 million of them across the U.S. over the next decade. Thatâs according to a new report from Senator Bernie Sanders.
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100 million jobs could be wiped out from the U.S. alone thanks to AI, warns Senator Bernie Sanders | Fortune
Itâs not just software developers who are at risk. According to the new Senate Democrat report, even nursing and fast-food jobs are set to get slashed by AI.
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about 20 hours ago
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John Ternus has been given a bigger spotlight at Apple events recently. He's rumored to be the "heir apparent" to CEO Tim Cook.
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Meet John Ternus, the 50-year-old Apple executive and former swimming champ who's rumored to succeed Tim Cook as CEO | Fortune
Apple is in the midst of a major leadership shakeup, where many senior executives are reportedly set to depart.
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about 21 hours ago
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Jeff Bezos, now the fifth-richest person in the world at a $234 billion net worth, founded Amazon when he was 30 years old after about a decade of work experience.
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about 21 hours ago
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The recent frenzy of AI-fueled investments and stock-market gains has John Chambers, the former CEO of Cisco, experiencing déjà vu: The AI-hype feels all too reminiscent of the 1990s crash.
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Former Cisco CEO John Chambers navigated the dot-com crashânow he sees the same red flags with AI | Fortune
âIf I am right about AI moving at five times the speed of the internet, we are going to destroy jobs faster than we can replace them,â he said.
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about 22 hours ago
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Transportation Secretary Sean Duffy said Monday that the government shutdown is putting more stress on air traffic controllers who already have an extremely stressful job.
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about 22 hours ago
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Only 8% of hiring professionals think that Gen Z is prepared for the workplace, according to a new report from Criteria which surveyed more than 350 managers across small and large enterprises.
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350 hiring managers gave their honest thoughts about Gen Zâand only 8% believe they're ready for the workforce | Fortune
The young generation is second-guessing their college degreesâand as more employers lean on skills-based hiring, Gen Z faces stiff competition.
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about 22 hours ago
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Citadelâs Ken Griffin cautioned that Americaâs market rally is being propped up by policies better suited to a recession than a growing economy.
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about 23 hours ago
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Delta CEO Ed Bastian also revealed that, due to aging air traffic control systems, it actually takes longer today to fly from Atlanta to LaGuardia than it did in the 1950s when the airline opened that route.
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Delta CEO says air traffic control systems are so outdated that some commercial flight routes were faster in the 1950s than they are today | Fortune
Ed Bastian says itâs still safe to fly, though.
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about 23 hours ago
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Sharran Srivatsaa, president of Acquisition.com and a former Goldman Sachs investment banker, recently shared a story on TikTok about how he managed to get hired at Goldman Sachsâa process that apparently required 39 one-on-one interviews.
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Entrepreneur says Goldman Sachs once gave him 39 separate interviews to land the jobâand the decisive conversation was less than a minute | Fortune
Goldman Sachs' acceptance rate for internships is less than 1%.
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1 day ago
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As CEO of a bank that now has 38,000 employees and manages assets of more than $600 billion, DBS chief executive Tan Su Shan faces a formidable challenge: to sustain its extraordinary momentum in a moment marked by geopolitical turmoil.
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1 day ago
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Studies show employee referrals, while representing only 6-7% of job applications, account for 37-45% of successful hires across various industries, underscoring the importance of making connections.
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Scott Galloway says the key to landing jobs is be as social as possible: '70% of the time, the person they pick is someone with an internal advocate' | Fortune
"You want to be placed in rooms of opportunities where youâre not physically there," the NYU Stern School of Business professor said.
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1 day ago
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Meet Asiaâs most powerful woman in business: DBS Bank CEO Tan Su Shan.
#FortuneMPWAsia
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Tan Su Shan, CEO of Southeast Asia's largest bank, is Fortune's most powerful woman in Asia for 2025 | Fortune
DBS's new CEO is No. 1 on Fortune's second-ever Most Powerful Women Asia ranking, among a finance- and tech-heavy top five.
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1 day ago
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"Iâve told colleagues, âThis is going to be a volatile year, so you better buckle up,'" DBS Bank CEO Tan Su Shan said.
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'You better buckle up': DBS's Tan Su Shan prepares for AI, crypto, and geopolitical change | Fortune
The first woman to lead Southeast Asiaâs largest bank has an ambitious agendaâand no illusions about the challenges ahead.
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1 day ago
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When President Donald Trump compared âBig Homebuildersâ to OPEC in a Sunday evening Truth Social post, he gave a voice to a common populist trope: Greedy developers are hoarding supply of houses and thus driving up costs.
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Trump says the American dream is on hold because âbig homebuildersâ are âsitting onâ 2 million empty lots | Fortune
It's an unusual attack, since it resembles Ezra Kleinâs âabundanceâ thesis," and one of Trump's top deputies is a homebuilding heir.
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1 day ago
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Anthropicâs newest AI model, Claude Sonnet 4.5, often understands when itâs being tested and what itâs being used for, something that could affect its safety and performance.
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'I think youâre testing me': Anthropicâs newest Claude model knows when itâs being evaluated | Fortune
Anthropicâs Claude Sonnet 4.5 shows some "situational awareness" raising safety and performance concerns
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1 day ago
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Jenny Han, the author behind hit series like âTo All the Boys Iâve Loved Before,â said she wouldnât change a thing about her come-up, and that working as a librarian helped her tap into what young readers were looking for.
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'The Summer I Turned Pretty' writer worked at Olive Garden and was a librarian before scoring big deals with Netflix and Amazon | Fortune
Jenny Han, the author behind hit series like âTo All the Boys Iâve Loved Before,â said she wouldnât change a thing about her come-up, and that working as a librarian helped her tap into what young readers were looking for.
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1 day ago
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A lot is riding on the AI boom, and it isnât just the stock market surge. AI is being touted as an elixir for a number of serious economic challenges, according to Ruchir Sharma, chair of Rockefeller International.
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AI is becoming the 'magic fix' as America places 'one big bet' on it not being a bubble, market veteran warns | Fortune
"AI better deliver for the US, or its economy and markets will lose the one leg they are now standing on," warns Ruchir Sharma of Rockefeller International.
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1 day ago
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Wesley Batista, who, with his brother Joesley Batista, controls the $15 billion Brazilian meat-packing behemoth JBS, said the U.S. needs to import more product from abroad to meet demand.
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Billionaire beef boss says Americans crave so much protein the country is outpacing its own production and turning to imports | Fortune
Wesley Batista says GLP-1 drugs could be fueling the protein-diet fad.
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1 day ago
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âTo all of those young people of TikTok, I saved TikTok, so you owe me big,â Trump said in his first post on the platform since the 2024 election, filmed in the Oval Office.
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Trump's message to 'the young people of TikTok' and Gen Z: 'You owe me big' | Fortune
Trump endorsed the idea of a TikTok ban all the way back in 2020.
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1 day ago
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Working at a company, instead of immediately trying to start one, âincreases your oddsâ of being successful, Amazon founder Jeff Bezos said during an interview at Italian Tech Week.
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Jeff Bezos tells Gen Z entrepreneurs to gain work experience before launching new companies: 'I started Amazon when I was 30' | Fortune
The Amazon founder reminds Gen Z that Mark Zuckerberg and Bill Gates are the "exception."
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1 day ago
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President Trumpâs tariffs, highly touted as a lever to boost American industry, are now emerging as a substantial tax on business according to Morgan Stanleyâs chief economist.
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Trump's tariffs may be bringing in a lot of revenue but they've also been a 'tax on capital, so far,' top economist says | Fortune
The "mystery" of the 2025 economy is vastly different from the record profit margins of 2021 and 2022, Morgan Stanley's Michael Gapen says.
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2 days ago
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From Dishoomâs Lodgings in Notting Hill to La Tour dâArgentâs Augusta Apartment in Paris, a new wave of stays offers exclusive access, bespoke service, and a table always waiting downstairs.
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Inside the ultra-private one-room hotels redefining luxury travel | Fortune
From Dishoomâs Lodgings in Notting Hill to La Tour dâArgentâs Augusta Apartment in Paris, a new wave of stays offers exclusive access, bespoke service, and a table always waiting downstairs.
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2 days ago
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Asiaâs most powerful woman in business this year is DBS CEO Tan Su Shan. Since taking the helm, sheâs had to steer the bank through a revived trade war and the return of alternative financial products like cryptocurrencies.
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Tan Su Shan, CEO of Southeast Asia's largest bank, is Fortune's most powerful woman in Asia for 2025 | Fortune
DBS's new CEO is No. 1 on Fortune's second-ever Most Powerful Women Asia ranking, among a finance- and tech-heavy top five.
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2 days ago
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McLaren has reportedly reached an estimated worth of a record $5 billion under the leadership of CEO Zak Brown, but before the chief executive was making eight figures in the rubber-burning world of F1, he made his first fortune spinning different wheels.
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Before the McLaren CEO got a $50 million payday from his teamâs F1 championship, he was a high-school dropout who got his start on Wheel of Fortune | Fortune
Zak Brownâs McLaren Racing Formula 1 team won its second consecutive Constructorsâ Championship on Sunday.
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2 days ago
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Forget âthis could've been an emailâ as AI automates more work for employees, the new catchphrase at work may be âthis could've been written yourself.â
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These 2 kinds of employees are emerging in the AI-generated âworkslopâ eraâhereâs why it may be better to write the email yourself | Fortune
Forget âthis could've been an email.â As AI automates more work, the new catchphrase at the office may be âthis could've been written yourself.â
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2 days ago
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Multimillionaire serial entrepreneur Jesse Itzler says the world doesnât reward perfect plans, âit rewards action.â
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This multimillionaire once cleaned meat trucks for $7 an hour, but a coffee shop encounter proved 'You're just one move away from changing your life' | Fortune
Jesse Itzler, who ultimately sold his $5 billion-in-sales private jet business to Warren Buffett, says the world doesnât reward perfect plans, "it rewards action."
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2 days ago
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AMD announced a long-term partnership with OpenAI on Monday that will make it one of the startupâs key chip suppliers for training and running advanced AI models.
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AMD stock soars after striking a landmark deal with OpenAI â part of Sam Altmanâs bid to loosen Nvidiaâs grip on AI | Fortune
The deal represents a major win for AMD in its battle against GPU leader Nvidia, and shows how OpenAI is racing to secure the hardware it needs to scale, even as it navigates its complex ties to Nvidia.
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2 days ago
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Labor force participation among mothers with children under five dropped nearly three percentage points between January and June 2025, coinciding with a near doubling of fullâtime office mandates among Fortune 500 companies.
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The Great Exit: Return-to-office demands and skyrocketing childcare push young mothers out of the workforce | Fortune
College-educated mothers of very young children are increasingly leaving or scaling back paid work as childcare costs rise, availability tightens, and stricter returnâtoâoffice policies collide with fragile care arrangements.
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2 days ago
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In 2016, Taylor Swift was canceled. Snake emojis flooded her Instagram comments. In 2017, she came back with Reputation, featuring snake imagery everywhere. She knows how to reclaim an insultâand she just did it for the âgirlboss.â
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Fortune Global Forum 2025
On her "Life of a Showgirl" track "Cancelled!," Taylor Swift knows what it's like to "girlboss too close to the sun."
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2 days ago
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Gen Z consumers opt to share plates or order appetizers and kidsâ meals to offset the cost of dining out during a period of inflation and tariffs.
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Gen Z has a different attitude about dining from baby boomers and millennialsâand it shows in smaller tickets at chain restaurants | Fortune
The younger generation opts to share entrĂ©es or order appetizers or kidâs meals to save money.
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2 days ago
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Bill Winters, CEO of Standard Chartered, will join Fortune October 26â27 in Riyadh, Saudi Arabia, at the
#FortuneGlobalForum
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2 days ago
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âThe bottom line is that not having the BLS jobs data is a serious problem for assessing the health of the economy and making good policy decisions. But the private sources of jobs data are admirably filling the information gap, at least for now."
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The job market is weak and getting weaker, top economists says, while Trump looks to the future | Fortune
âOur big year wonât be really next yearâitâll be the year after,â Trump told reporters recently.
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3 days ago
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Active listening. Shared responsibilities. Pre-planned forgiveness. If the tenets of AlixPartnersâ co-CEO relationship sound a lot like those of a married couple who have gone through a lot of therapy, well, youâre not far off.
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These co-CEOs swear by splitting the job: 'The demands on a modern CEO are close to unsustainable' | Fortune
As Oracle, Spotify and Comcast announce co-CEOs, it's vital to understand what makes good partnerships tick.
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3 days ago
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âWe were laughed out of VC rooms who said that chess would never be anything,â Rensch recalls. âNobody invested early on, and it became the biggest blessing in disguise.â
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How the cofounder of Chess.com went from being a child prodigy in a religious cult to building a 225 million player empire | Fortune
Danny Rensch grew up in the Church of Immortal Consciousness, running around barefoot and living off food stamps. But he left and bootstrapped the legendary chess platform despite being âlaughed out of VC rooms.â
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3 days ago
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The all-or-nothing moonshot pay plan was a gambit so risky even Axon Enterprise CEO Rick Smithâs wife was against it. But he blew through all the goals in five yearsâhalf the time the board gave himâmaking Smith the highest-paid CEO last year.
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Elon Muskâs pay package is inspiring copycat âmoonshotâ deals that push CEOs to drive up stock pricesâbut comp experts are nervous | Fortune
Moonshot grants tie CEO compensation almost entirely to aggressive, seemingly impossible performance targets.
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3 days ago
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âIf you arenât using AI and youâre a CEO, what are you doing?â Rogier told Fortune. âYou are holding yourself back. Youâre like, âI only want to be 80% as productive as I can be.ââ
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MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peersâheâs saved an entire day of work thanks to a custom GPT | Fortune
While some CEOs fear AI will replace them, David Rogier built an AI clone of himselfâand says it's made him more essential, not less.
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3 days ago
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