Business

Business / Fortune · 1h ago

Mark Zuckerberg’s fortune tops $200 billion. His 3 daughters won’t inherit most of it

The Meta CEO and Priscilla Chan pledged 99% of their shares in a 2015 letter to their newborn. Those shares were worth $45 billion then; his fortune now tops $200 billion.

Business / Fortune · 1h ago

He went from washing lab equipment for $10 an hour to leading a $30 billion healthcare company. His advice to Gen Z: Raise your hand

Dexcom CEO Jake Leach says the secret to getting ahead isn't asking for a promotion—it's becoming the person willing to take on what others won't.

Business / Fortune · 2h ago

A ‘geologic freak’ called the Smackover may end America’s lithium dependence on China, and Big Oil is already there

Standard Lithium, EnergyX, Exxon and Chevron are betting direct lithium extraction can turn the Smackover into a domestic supply hub and cut the U.S. reliance on China.

Business / TechCrunch · 5h ago

Sequoia shutting down its Scouts program marks the end of an era

Sequoia pioneered the scouts model and many VC firms followed suit, but a consensus now seems to be forming that the model has reached limits in its current form.

Business / Fortune · 12h ago

Elon Musk once said the Cybertruck would be Tesla’s ‘best product ever.’ Now he’s winding down production

Cybertruck sales fell 48% between 2024 and 2025, according to an estimate by Cox Automotive’s Kelley Blue Book.

Business / Fortune · 13h ago

The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up

Two days after voters rejected data centers almost everywhere, OpenAI pledged to cover its own power bills and post financial guarantees.

Business / Fortune · 14h ago

Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted

Beginning in January, three of the five officials on the Georgia Public Service Commission will be Democrats.

Business / Fortune · 14h ago

‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives

During the summer, the U.S. and Iran agreed to an initial 14-point memorandum of understanding that, if finalized, could have brought a permanent end to the hostilities.

Business / Fortune · 14h ago

Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues

Overall, 27% of young people – meaning people ages 18 to 29 – went to the polls during the midterms, our Nov. 5 analysis shows.

Business / Fortune · 14h ago

Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began

Right before 1974's midterm election, Gerald Ford launched the “Whip Inflation Now,” campaign. But Republicans lost 48 House seats and five Senate seats.

Business / Fortune · 14h ago

Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets

This translates to a 30% reduction in revenue for Florida counties and a 13% cut for smaller municipal governments.

Business / Fortune · 15h ago

A WhatsApp channel called Lula’s Army grew from 50,000 to more than 10 million subscribers as Brazil’s president staged a historic comeback

He erased the deficit and won the all-important runoff election by more than 3.5 percentage points – more than 4 million votes.

Business / Fortune · 15h ago

Ferrari’s Luce was ridiculed as a ‘Magic Mouse on wheels.’ Now the EV is sold out for 2027, and buyers haven’t even driven it yet

Even Ferrari’s former chairman warned the EV risked destroying the reputation of the brand.

Business / Crunchbase News · 15h ago

The Week’s 10 Biggest Funding Rounds: AI, Defense And Space Tech Lead For Large Rounds

This week brought another plethora of large funding rounds for startups and growth-stage companies. Shield AI, a defense tech player focused on autonomy and virtual simulations, secured the largest financing, bringing in $2 billion. Next on the list was drone delivery provider Zipline International,…

Business / Fortune · 15h ago

A dead French philosopher who lived through World War II and the Cold War offers an eerie warning about the age of AI

In a safety test run by the company Anthropic, its own AI agent blackmailed an engineer to avoid being shut down.

Business / Fortune · 15h ago

Nebraska voters block measures to legalize online sports betting, rejecting a campaign’s promise of $166 million in property tax relief

Nebraska voters narrowly rejected to legalize mobile sports betting in the state.

Business / Fortune · 16h ago

Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

"A 'no' vote doesn't mean similar measures won’t ever be implemented."

Business / Fortune · 16h ago

Trump admitted the Iran war and gas prices hurt Republicans. It was his version of the identity politics that cost Democrats 2024

Trump admitted on election night the war hurt Republicans. Gas is up 40% since it began, and tariffs cost families $1,000 a year.

Business / Fortune · 17h ago

OpenAI wants to win over data-center opponents by calling them ‘compute campuses’ and promising local benefits

“A campus implies a university, not a warehouse,” says veteran brand strategist Allen Adamson of OpenAI’s new pitch to communities.

Business / Fortune · 17h ago

Nearly two-thirds of 2021’s top 100 altcoins have lost more than 90%, CoinMarketCap data shows

Research CoinMarketCap shared with Fortune shows the median losing altcoin issued about 50% more tokens while the market cut its value by 95%.

Business / Fortune · 17h ago

Prediction markets had a great election night: Now bettors are turning to which Trump officials could leave first

Pete Hegseth leads Polymarket’s odds for the next Cabinet departure, followed by Susie Wiles and Marco Rubio.

Business / Fortune · 18h ago

Over a quarter of Gen Z say they’d choose their dream home over their dream job—and they’re moving back in with mom and dad to make it happen

Gen Z is willing to put career ambitions on the back burner to achieve the American Dream of homeownership.

Business / Fortune · 18h ago

Some Gen Z Trump voters switched sides over what one calls an ‘egregious betrayal’ on the economy and war

Home prices rose 30% while young households’ income grew 9%. Gen Z voters explain their midterm votes that drove a "blue wave."

Business / Fortune · 18h ago

Billionaires Ray Dalio and Richard Branson hate workplace gossip—but men who do it could face a steeper career penalty than women, study finds

New research found that men who gossip are perceived as less competent and less qualified for leadership roles than women who engage in the same behavior.