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Can Saks’ new CEO repair the damage done to the luxury retailer by years of being treated as a ‘financial plaything’?

Geoffroy van Raemdonck's first order of business will be to win back fashion brands.

latest 3

Fortune

Phil Wahba

Using AI just to reduce costs is a woeful misuse of a transformative technology

Nigel Vaz, CEO of Publicis Sapient, the digital transformation consultancy arm of advertising giant, Publicis Groupe. argues that most leaders are...

latest 3

Fortune

Nigel Vaz

The head of marketing at Slate posted on LinkedIn requesting cleaning services as a benefit at her company. The next day, HR answered her call

“You hear a lot of organizations talk about valuing their people and prioritizing culture, but Slate actually demonstrated it in a very real, very...

latest 4

Fortune

Sydney Lake

Whole Foods cofounder says his hardest ever business decision was firing his father from his company board: ‘That was when my mentorship was over’

John Mackey calls capitalism one of humanity's greatest inventions and sticks to that way of thinking, even when family's involved. "It hurt him so...

yesterday 10

Fortune

Sasha Rogelberg

How Expedia’s CTO is using AI to transform work for 17,000 employees—and travel for millions

The online travel agency has invested in AI to boost the productivity for Expedia's workforce and make travel hiccups easier for consumers to...

yesterday 10

Fortune

John Kell

Trump demands NATO help with U.S. acquiring Greenland: ‘Anything less than that is unacceptable’

“NATO becomes far more formidable and effective with Greenland in the hands of the UNITED STATES,” Trump wrote.

yesterday 20

Fortune

Emma Burrows

Clintons refuse to comply with congressional subpoena to testify in Epstein probe: ‘We will forcefully defend ourselves’

The Clintons claim the chair of the House Oversight Committee, Rep. James Comer, is leading a process “literally designed to result in our...

yesterday 10

Fortune

Stephen Groves

Top DOJ official doesn’t see any basis to open criminal civil rights investigation into Nicole Good’s death

Federal officials have said that the officer acted in self-defense and that the driver of the Honda was engaging in “an act of domestic terrorism...

yesterday 10

Fortune

Alanna Durkin Richer

Mamdani-Hochul alliance exposes affordability rift in New York state: ‘Republicans have kids, too, you can stand’

Hochul, a centrist from Buffalo, faces challenges from both her political left and right in this year's election.

yesterday 10

Fortune

Anthony Izaguirre

Courts keep telling Trump that he can’t cut funding for ‘sanctuary cities,’ but now he’s going to try to cut states off, too

Trump unveiled the concept this time late in a speech Tuesday at the Detroit Economic Club, without offering specifics.

yesterday 10

Fortune

Geoff Mulvihill

Meld raises $7 million to integrate stablecoin networks, build the ‘Visa for crypto’

The startup’s Meld network seeks to be a one-stop shop across different countries

yesterday 10

Fortune

Carlos Garcia

‘You are really playing with fire with this one’: California billionaires tax ignites, pitting labor unions and voters against tech execs

California has more billionaires than any other state — a few hundred, by some estimates. Nearly half its personal income tax revenue is from the...

yesterday 10

Fortune

Michael R. Blood

49-year-old former CEO of camp for sick kids charged with embezzling over $50 million from Paul Newman-founded nonprofit

Christopher L. Butler, 49, of Porter Ranch, California, is expected to be arraigned Thursday in Los Angeles.

yesterday 10

Fortune

Rebecca Boone

Citigroup CEO Jane Fraser warns of job cuts and says it’s time to raise the bar in a fiery memo to staff: ‘We are not graded on effort’

Fortune's Most Powerful Woman on Wall Street is cutting 1,000 jobs now, with tens of thousands more to come as she says "old, bad habits" are over.

yesterday 10

Fortune

Nick Lichtenberg

Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax

Peter Thiel and Gavin Newsom are united in opposition to the billionaire tax.

yesterday 9

Fortune

Nick Lichtenberg

California’s wealth tax doesn’t fix the real problem: Cash-poor billionaires who borrow money, tax-free, to live on

Billionaires live under "buy, borrow, die," and California's wealth tax wouldn't touch that. An estimated $1 trillion of wealth has already fled.

yesterday 10

Fortune

Nick Lichtenberg

Forget the K-Shape: We have a barbell economy—and the middle class is buckling under the weight

The next recession won’t be caused by a labor collapse, but by a demographic margin call.

yesterday 9

Fortune

Katica Roy

‘Sickening and greedy’: California millionaire slams Larry Page and Sergey Brin for cutting ties with the state to avoid wealth tax

As billionaires flee the state to avoid the proposed wealth tax, other high earners support the one-time tax.

yesterday 10

Fortune

Jacqueline Munis

McKinsey challenges graduates to master AI tools as it shifts hiring hunt toward liberal arts majors

CEO Bob Sternfels says the company has 60,000 employees—including 20,000 AI agents.

yesterday 8

Fortune

Jake Angelo

‘You can’t just keep borrowing money endlessly’: Jamie Dimon warns $38 trillion national debt is going to ‘bite’ eventually, it’s just a case of when

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, echoed: "Despite being more than a quarter into [2026] our...

yesterday 30

Fortune

Eleanor Pringle

Elon Musk shares 4 bold predictions for the future of work: Robot surgeons in 3 years, immortality, and no need for retirement savings

Since ChatGPT’s explosive debut in November 2022, fears of robots replacing humans at work have been rampant. And according to Elon Musk, these...

yesterday 30

Fortune

Orianna Rosa Royle

Elon Musk says humans are ‘pre-programmed to die’ and longevity is ‘solvable’, raising huge questions about the future of health

Musk once said he’d “prefer to be dead” than live to 100 with dementia or as a burden to society.

yesterday 20

Fortune

Marco Quiroz-Gutierrez

Leaders are increasingly worried about an economic downturn, inflation, and an asset bubble bust

Also: All the news and watercooler chat from Fortune.

yesterday 10

Fortune

Diane Brady

The longer the Supreme Court delays its tariff decision, the better it is for President Trump

The court could issue a ruling as soon as Wednesday. It had been expected to rule last week. It is not clear why the court is delaying.

yesterday 30

Fortune

Jim Edwards

Brokerage tech firm Alpaca raises $150 million in push to compete with trading giant Interactive Brokers

Drive Capital led the round, with participation from Citadel Securities and the crypto exchange Kraken.

yesterday 20

Fortune

Ben Weiss

The Philippines, ASEAN’s new chair, starts 2026 on a ‘weaker footing’ after trade tensions and a $2 billion corruption scandal

Third-quarter GDP growth in the Philippines fell to a four-year low of 4%, prompting Manila to slash growth targets for 2026 through 2028.

yesterday 10

Fortune

Angelica Ang

The ‘Magnificent 7’ stocks are dying, and Wall Street is pretty happy about it

But the dominance of the Mag 7 is likely to come to an end this year, many on Wall Street believe—if only because their valuations can’t...

yesterday 10

Fortune

Jim Edwards

‘Jamie Dimon probably wants higher rates. Maybe he makes more money that way’: Trump continues Fed attacks in Detroit visit

Meanwhile, Robert F. Kennedy Jr. commented on Trump's diet while traveling. "“He has the constitution of a deity. I don’t know how he’s alive,...

yesterday 6

Fortune

The Associated Press

The shaky job market won’t last: Nvidia CEO Jensen Huang is ‘fairly confident’ that AI will increase productivity and hiring—but there’s a catch

As Gen Z struggles to start their careers, Nvidia’s CEO Jensen Huang predicts “more hiring” is on the way—but only for workers who embrace AI.

yesterday 6

Fortune

Preston Fore

AI ‘godfather’ Yoshua Bengio says he’s found a fix for AI’s biggest risks and become more optimistic by ‘a big margin’ on humanity’s future

After years warning that advanced AI could spiral out of control, the deep-learning pioneer now sees a way to build AI that won't pose a threat....

yesterday 3

Fortune

Sharon Goldman

Trump is sorry for deporting college student who flew home to surprise her family for Thanksgiving, but is still deporting her

Any Lucia Lopez Belloza, a 19-year-old Babson College freshman, was detained at Boston’s airport on Nov. 20 and flown to Honduras two days later.

yesterday 3

Fortune

Michael Casey

One year after Bill Gates surprised with the choice to close his foundation by 2045, he’s cutting staff jobs

The Gates Foundation announced Wednesday that it will spend a record $9 billion in 2026, maximizing its spending in key areas such as global health.

yesterday 3

Fortune

Stephanie Beasley

If your phone is on SOS (and you can see this), yes, Verizon is having a major outage across the U.S.

Outage tracker Downdetector showed that Verizon customers began to report issues with their service around noon E.T.

yesterday 4

Fortune

The Associated Press

Highway 1 along Big Sur reopens after 3 years of closures amid tourism-destroying landslide

“Today is a monumental milestone,” said Colin Twohig of the Big Sur River Inn. “We’re hitting the light at the end of the tunnel after three long...

yesterday 3

Fortune

The Associated Press

Americans have been quietly plundering Greenland for over 100 years, since a Navy officer chipped fragments off the Cape York iron meteorite

In spring 1941, Denmark’s ambassador signed a treaty giving the U.S. military access to Greenland to help protect the island from Nazi Germany.

yesterday 3

Fortune

Paul Bierman

Rural America is getting a bailout, but not from Trump—billionaires are riding to the rescue

It's not just MacKenzie Scott who's giving back to American communities.

yesterday 3

Fortune

Nick Lichtenberg

Bitcoin closes in on $100,000 in surprise surge

The original cryptocurrency is soaring after ending 2025 in a slump.

yesterday 3

Fortune

Carlos Garcia

Denmark and Greenland agree to form working group over the future of the territory

Danish Foreign Minister Lars Løkke Rasmussen told reporters that it remains "clear that the president has this wish of conquering over Greenland.”

yesterday 4

Fortune

Emma Burrows

Landmark crypto bill on knife’s edge as Coinbase CEO pulls support ahead of key Senate vote

The proposed legislation has triggered a fight with the banking lobby and Democrats over White House conflicts of interest.

yesterday 10

Fortune

Leo Schwartz

China graduates 1.3 million engineers per year, versus just 130,000 in the U.S. We need AI to bridge the gap

Engineering AI could be the key to addressing America’s engineering shortage—but adoption is tricky.

yesterday 20

Fortune

Paul Eremenko

Trump hails ‘booming investment’ in Detroit while auto manufacturing jobs have fallen every month since Liberation Day

The industrial heartland faces a grim arithmetic: Billions in new investment are pouring in, but the workers are being left behind.

yesterday 10

Fortune

Eva Roytburg

Zoe Saldaña has been crowned the highest-grossing actor, with a $15.5 billion Hollywood portfolio—beating Scarlett Johansson and Samuel L. Jackson to the top spot

Academy Award-winning actress Zoe Saldaña has starred in some of the biggest franchises of all time, from “Avatar” and “Stark Trek” to...

yesterday 4

Fortune

Emma Burleigh

Consumers lost $12.5 billion to fraud last year, and AI-powered scams are set to explode in 2026, Experian warns

The consumer credit bureau predicts a fraud “tipping point” this year as more people rely on agents for shopping and deepfake employee schemes...

previous day 20

Fortune

Amanda Gerut

As billionaires debate California’s wealth tax, a tech investor suggests other ways to raise revenue that target a huge loophole the rich exploit

"But the truth is a lot of ultra wealthy people borrow money against their assets and live off of that borrowed money."

previous day 20

Fortune

Jason Ma

CFOs move finance AI from pilots to deployment in 2026

Digital transformation and AI are top priorities for North America’s largest finance teams, Deloitte's survey finds.

previous day 10

Fortune

Sheryl Estrada

Is Powell’s Fed head independence dead? Trump outfoxes himself this time

The only surprising quality regarding President Trump unleashing federal investigators to prepare potential prosecution criminal charges against...

previous day 10

Fortune

Jeffrey Sonnenfeld

Two Southeast Asia 500 companies may merge—forming Malaysia’s largest construction conglomerate

The proposed merger, announced on Jan. 12 by Sunway president Anuar Taib, will form an entity with a combined market capitalization of $11.7...

previous day 10

Fortune

Angelica Ang

Polygon Labs buys two crypto startups for $250 million as it looks to compete with Stripe

The longtime blockchain developer bought cash-to-crypto company Coinme and wallet infrastructure firm Sequence.

previous day 10

Fortune

Ben Weiss

Why the DOJ’s subpoena of Jerome Powell backfired so quickly, emboldening Republicans to stand up to Trump

“I think this is ham-handed, counter-productive, and going to set back the president’s cause,” said Jason Furman, an economist at Harvard.

previous day 10

Fortune

Christopher Rugaber

Buying a home is 150% more expensive than in 2019. But here’s why Trump’s plan to shut out institutional investors could raise costs even more

“Big investors have nothing to do with how the housing shortage got created,” says Ed Pinto, a leading housing expert.

previous day 10

Fortune

Shawn Tully