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DARK SECRETS: 28 - The Real Truth

Why CEO Michelle Gass is thriving at Levi’s after stumbling at Kohl’s

Also: All the news and watercooler chat from Fortune.

Fortune

White-collar workers are quietly rebelling against AI as 80% outright refuse adoption mandates

"AI didn't deliver," Johns Hopkins professor Steve Hanke told Fortune. "Welcome to the real world. Forget the AI bubble."

Fortune

Delta's CEO spent 15 years turning the airline into a premium brand. Now it commands 20% more per seat than rivals

“Delta is not a low-cost airline,” Ed Bastian told Fortune’s Editor-in-Chief Alyson Shontell.

Fortune

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Gen Z watched millennials burn out at their desk—now 1 in 4 are ditching office jobs for 'less stress, more stable' trade jobs

Gen Z was sold the dream of white-collar work. Now 75% associate it with instability—they're ditching desk jobs for drains and electrical cables.

Fortune

The Iran war is either concluding with the world worse off, or escalation is just delayed again

Iran aims to control the Strait of Hormuz choke point for the foreseeable future with or without a ceasefire, experts said.

Fortune

Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets

The announced ceasefire led to a $1.5 trillion market rally Wednesday.

Fortune

‘You can never really catch up’: The Iran war is exacerbating already high grocery bills, and it will only get worse if the war continues, experts say

Labor shortages, inflation, and energy costs were raising prices even before the war began, economists say.

Fortune

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Jamie Dimon warned high taxes would push business out of New York, but the city is honing its edge over Miami in attracting top talent, report finds

More skilled professionals are moving to New York than Florida, according to a white paper from real estate firm JLL shared exclusively with Fortune.

Fortune

What do you do when your AI agent hallucinates with your money?

Researchers from Google DeepMind, Microsoft, Columbia University, and T54 Labs want to build a financial safety net around autonomous AI.

Fortune

Bill Ackman channels Warren Buffett with his $64 billion bid for Universal Music Group

Also: All the news and watercooler chat from Fortune.

Fortune

2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran

China’s “petroyuan” system is a player in a way that it wasn’t before.

Fortune

Bill Ackman’s $64 billion Universal Music play is part of his strategy to become the next Warren Buffett

Ackman, a self-described Buffett “devotee,” is following his idol’s playbook to access “permanent capital” by trying to jointly list his hedge fund, Pershing Square Capital, and Universal Music Group.

Fortune

Anthropic is giving some firms access to Claude Mythos to bolster cybersecurity defenses

Fortune first reported that Anthropic was developing and testing the new model, which the company described as “by far the most powerful AI model” it has ever developed.

Fortune

Trump, the $39 trillion national debt, rosy growth assumptions and the question of 'a sustainable path'

The White House is betting 3% GDP growth will shrink the deficit—but faster growth would likely drive up interest costs on the $39 trillion national debt.

Fortune

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Sam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans

The venture capitalist's proposal to eliminate income taxes for earners under $100,000 now has a powerful institutional ally—the most valuable AI company on the planet.

Fortune

MacKenzie Scott's latest donation takes her HBCU giving to well over $1 billion

The billionaire philanthropist's $42 million gift to Elizabeth City State University caps a multi-year streak of transformative, no-strings-attached giving to historically Black colleges and universities.

Fortune

Only one in five workers feel like their jobs are safe—manufacturers, warehouse workers, and women are the most worried

As AI reshapes work, most employees no longer feel like their jobs are safe—but those in manufacturing, construction, transportation, and warehousing are feeling the least confident.

Fortune

So… what are we doing with AI? Innovating in an age of caution

Boards want AI results, but capital is tighter and risks feel higher. So how can leaders experiment fast enough to innovate without destabilizing the businesses they run?

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Fortune

AI is moving fast. CFOs have a narrow window to shape its value

At Fortune's Modern CFO dinner, a Stanford AI researcher talks about harnessing AI value.

Fortune

Lowe’s is investing $250 million to train plumbers, carpenters, and electricians as its CEO says skilled trades are ‘critical to the future’

Lowe’s CEO Marvin Ellison says AI can’t replace hands-on work or fix labor shortages. The company is quintupling its investment in the skilled trades.

Fortune

CEOs are lining up behind the $1,000 Trump Accounts for babies

Also: All the news and watercooler chat from Fortune.

Fortune

Delta’s CEO says AI’s biggest opportunity in aviation isn’t inside the plane—it’s air traffic control

Partly because of air traffic control issues, it takes longer to fly from Atlanta to New York today than it did in the 1950s, Bastian said.

Fortune

A $400 million ballroom was just the beginning. Now, Trump plans to spend $174 million more on renovations

Nearly all of the funding comes from donors, the White House said.

Fortune

Gen Z is rewriting the American Dream, and their parents are funding it—using tuition money for down payments, instead

With tuition costs doubling over the past 30 years, student debt mounting, and Gen Z increasingly struggling to land jobs, some parents now believe a down payment beats a diploma.

Fortune

The real impact of AI on SaaS isn’t what investors think

Lower costs and easier coding could fuel a surge in new software—not the end of it.

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