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‘Every time you see that power bill, you’re just sick’: Meet a West Virginian whose $900 electric charge is more than her fixed income
Every month, Rebecca Michalski takes a deep breath before opening her electric bill. She lives on a fixed income, and heating her small house this winter has been staggering: Her…
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‘In rural, urban, red, blue, Democrats have overperformed everywhere’: GOP wakes up to freight train heading their way
The bluntest assessment of Republican failures during this week’s elections in Wisconsin came from one of their own. “We got our butts kicked,” said U.S. Rep. Tom Tiffany, who is…
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US economy grew at 0.5% in fourth quarter
This story about the fourth-quarter GDP report is developing and will be updated with more details. The U.S. economy grew at a slightly slower pace than expected in the fourth quarter,…
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Fed’s favored inflation gauge remained elevated in February, delayed report shows
This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in February as consumers continued…
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5 common mistakes that could be costing American taxpayers thousands of dollars every year
Tax season is closing in on the April 15 deadline to file your return or request an extension and a new report details some common mistakes that Americans are making…
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Why CEO Michelle Gass is thriving at Levi’s after stumbling at Kohl’s
In today’s CEO Daily: Fortune’s Phil Wahba interviews Levi’s CEO Michelle Gass. The big leadership story: Energy experts fret over the outcome of the Iran ceasefire. The markets: Down globally…
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Too much fire, not enough cease: Iran tightens its grip on global oil trade on eve of peace talks
Good morning. On Fortune’s radar today: Markets: Post-rally selloff underway. Iran: It’s not going well. David Zaslav’s $887 million golden parachute. $1 trillion: The amount of capex needed to make…
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White-collar workers are quietly rebelling against AI as 80% outright refuse adoption mandates
There was a moment, not long ago, when “shadow AI” felt like a good-news story. Workers were sneaking ChatGPT and Claude past the IT department, using personal accounts to do…
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Why a proposed merger to create Malaysia’s largest construction conglomerate fell apart
Malaysian construction giant Sunway’s $2.77 billion takeover offer for competitor IJM Corp collapsed on Monday, ending plans to create one of the country’s largest construction and infrastructure groups. By market…
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The digital sovereignty dilemma is a false choice — here’s how enterprises can have both
Is your organization ready to be always-on, no matter what? In a world of geopolitical tension, infrastructure vulnerabilities, rising cyber risk and increasingly concentrated global technology supply chains, that question…
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Gen Z doesn’t want your full-time job. They want several part-time roles, and it’s reshaping the entire workforce
The full-time job is often the most coveted form of work for employees; it often ensures stability, benefits, close relationships, and with time, it often guarantees more freedom. But Gen…
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Jamie Dimon says the best teams work like Navy SEALs, not sprawling ‘flat’ corporations
Corporate America has entered the era of the megamanager. For years now, employers have assigned more and more workers per boss in an effort to minimize the cost of managers…
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Delta’s CEO spent 15 years turning the airline into a premium brand. Now it commands 20% more per seat than rivals
Delta Air Lines CEO Ed Bastian has never wavered in his commitment the same bet: that Americans will pay more for a better experience in the sky. Fifteen years in,…
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A Wall Street bank is giving workers earning under $100K over $6,000 in cash to get on the property ladder
American workers are up against a housing crisis so dire that many have written off their dream of homeownership altogether. Now, one Wall Street employer is stepping in to help…
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Energy Secretary Chris Wright warns California’s energy crisis under Newsom could threaten national security
Energy Secretary Chris Wright warned that California’s insufficient energy production could pose a national security risk as President Donald Trump moves to reduce the state’s dependence on foreign oil. Wright…
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Warner Bros. CEO David Zaslav’s ‘extraordinary’ $887 million golden parachute gets ripped by proxy advisory firm ISS
An advisory firm that counsels the largest institutional investors on how to vote at shareholder meetings is recommending investors support Warner Bros. Discovery’s $77.7 billion acquisition by Paramount Skydance but…
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Hollywood titan believes AI is a ‘revolutionary moment’ reshaping industries
Artificial intelligence is moving beyond incremental change and into something far more groundbreaking, DreamWorks SKG co-founder Jeffrey Katzenberg told FOX Business on Wednesday. Katzenberg joined anchor Liz Claman on “The…
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LARRY KUDLOW: Once again President Trump outwits the defeatist Democrats
One of the many faults with today’s Democratic party is they don’t know how to win. They are defeatists. They find themselves on the wrong side of all kinds of…
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Ryanair welcomes jail sentence for unruly passenger as airline enforces zero-tolerance misconduct policy
Unruly passengers flying with Ryanair could now face jail time, as the Ireland-based budget airline continues to crack down on disruptive behavior it says has risen in recent years. A…
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Southwest Airlines limits passengers to 1 portable charger per person over fire concerns
Southwest Airlines is rolling out stricter rules on portable chargers as concerns over lithium battery fires continue to rise on commercial flights. In an internal message sent to employees Tuesday…
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Crypto fraud tops FBI’s annual crime report as Americans lose billions to scams
The FBI recently released its annual report on internet crime and found that cryptocurrency-related scams accounted for the most reported losses among all scam categories last year. The Internet Crime…
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Within a day, the Iran-U.S. ceasefire began breaking down. Markets shrugged
Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, said Wednesday that three clauses of the 10-point ceasefire framework with the United States had already been violated, despite negotiations not beginning. Ghalibaf cited…
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Small businesses are ‘doing fine.’ That’s a problem, says the U.S. Chamber of Commerce
Small businesses see what’s happening in Iran as an omen of tough times ahead, and it may just mean a bigger loss for Main Street in the coming months. The…
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Meta unveils Muse Spark, its first AI model since hiring Alexandr Wang and a bellwether for CEO Mark Zuckerberg’s multibillion-dollar AI push
Meta has unveiled Muse Spark, the first AI model produced by its Meta Superintelligence Labs, the new AI research unit it created last year and has spent billions of dollars…
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‘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
The U.S., Israel, and Iran agreed to a two-week ceasefire on Tuesday, but the sticker shock you’ve been feeling every time you go to the grocery store will get worse…
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Foreign buyers eye luxe LA homes as proposed wealth tax pushes billionaires out of California
California is seeing an influx of interest from foreign real estate buyers as the state’s proposed wealth tax drives an exodus of billionaires. The wildfires that devastated Southern California in…
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MIKE DAVIS: Trump’s man at Federal Trade Commission delivers major wins
A year into his tenure and despite what his feckless critics claim, President Trump’s Federal Trade Commission Chairman Andrew Ferguson is delivering monumental wins for competition and consumers. I’ve known…
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Delta, Southwest hike checked bag fees as airlines face surging fuel costs
Flying is about to get more expensive for some travelers who check luggage, as two major U.S. carriers move to raise baggage fees amid rising costs across the airline industry.…
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Less than a year after ditching its famous ‘bags fly free’ policy, Southwest is hiking prices again
Southwest Airlines is raising checked baggage fees by $10, less than a year after ending its “bags fly free” perk that long set it apart, as jet fuel costs have…
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Morgan Stanley’s Bitcoin ETF began trading. An analyst put it in the top 1% of ETF launches
A slew of Bitcoin ETFs have hit the market since the products were first approved in the U.S. in 2024, but so far one sector has remained on the sidelines—major…
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How dual incomes and the tech boom turned the upper middle class into America’s biggest income group
The ranks of Americans that can add guac to their burrito bowl guilt-free have swelled. The upper middle class has become the largest income group in the US, according to…
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Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets
President Donald Trump again stepped back from the brink and traders are cashing in on what they called “TACO Tuesday.” After threatening that “a whole civilization will die tonight” early…
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Phones banned at the bar: Why Gen Z is actually cheering the no-screen dining movement
The next time you’re out to dinner, someone might not only ask to take your jacket, they may want you to hand over your phone, too. The number of bars…
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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
JPMorgan Chase CEO Jamie Dimon warned of an exodus of companies from New York as a result of climbing taxes and regulatory encumbrances, but emerging data suggests mass migration away…
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Facebook Gets a Networking Facelift Ahead of the Holiday Photo Rush
After scaling its custom designed switches up to several thousand, Facebook’s current crop of networking gear isn’t cutting it. The social networking giant is set to replace its 40-gigabit switches…
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Self-made billionaire MrBeast says his work-life balance is nonexistent and calls it a ‘miracle’ if he works less than 15-hour days: ‘I live to work’
Jimmy Donaldson, better known as MrBeast, has spent the past decade climbing to the top of online content. Now one of the most popular creators in the world, he boasts…
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The New York Times says it found Satoshi Nakamoto, the inventor of Bitcoin. Not so fast.
The quest to unmask Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, has been going on for more than a decade now, and resulted in some embarrassing misfires. The most notorious…
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Fired Universities of Wisconsin president says he was ‘blindsided’ and still hasn’t been given a reason
Fired Universities of Wisconsin President Jay Rothman told The Associated Press on Wednesday in his first interview since the ouster that he was “blindsided” by the move but has no hard feelings and is…
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The U.S. just had its hottest March in 132 years. Scientists say to buckle up for the rest of the year
March’s persistent unseasonable heat was so intense that the continental United States registered its most abnormally hot month in 132 years of records, according to federal weather data. And the next year or so…
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‘Modern solution for selling tee times’ looks to ease booking challenges for golfers
Masters season is here, which means, as the season changes, golf fever is reaching its peak in the calendar. However, there are not many worse feelings than booking a tee…
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Oil tankers reportedly moving through Strait of Hormuz, CEO says, as prices slide
A small number of tankers are beginning to move through the Strait of Hormuz, United Refining CEO John Catsimatidis said Wednesday, signaling a tentative restart at the critical oil choke…
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One fan secretly recorded 10,000 concerts over 40 years. Now volunteers are racing to save the tapes before they disintegrate
On July 8, 1989, a young music fan named Aadam Jacobs, with a compact Sony cassette recorder in his pocket, went to see an up-and-coming rock band from Washington for…
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Fed official says interest rate hike possible as gas prices, inflation remain elevated
A Federal Reserve policymaker is warning that it could make sense to raise interest rates if inflation remains elevated above the Fed’s 2% target amid uncertainty over the duration of…
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Microsoft pushes data privacy steps in the wake of safe harbor collapse
When the European Union’s top court struck down legal provisions that allowed tech companies to share customer data across the Atlantic Ocean, it upended 15 years of business practices in…
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Will you be my (work) friend? The new reality of making and keeping a work friend in the hybrid world
This year, I made a work friend. It might not seem like a big deal, but in this new world of remote work, it’s not as easy as it used…
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Legendary investor Jeremy Grantham says stocks could plunge another 25% as the ‘superbubble’ continues to pop
Wall Street titan Jeremy Grantham said this week that even after the S&P 500’s poor start to the year, he expects more declines ahead for the stock market. “It’s likely…
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Bed Bath & Beyond’s Container Store acquisition echoes past retail mergers that failed to deliver
When Bed Bath & Beyond announced last week it was buying the Container Store for a pittance, CEO Marcus Lemonis touted the deal as a key component of his plan…
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The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
The U.S. national debt stands at more than $39 trillion, with interest paid on the debt now amounting to more than $1 trillion a year. Before too long, that figure…
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From brinkmanship to TACO: Trump’s Iran pause triggers $1.5 trillion market rally
Five weeks of held breath just exhaled from the U.S. stock market this morning, and it was worth about $1.5 trillion. The rally caps a frantic 24 hours. Trump set…
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