Latest stories, analysis, and insights from the world of business.
Baby boomers' dominance in the labor market, housing market, and institutional leadership has suppressed economic opportunity for younger generations for decades, and their slow retirement is creating labor shortages, housing scarcity, and succession crises across American institutions.
As SpaceX prepares for its Nasdaq IPO with a $1.25 trillion valuation, speculation is building that Elon Musk plans to eventually merge the rocket company with Tesla, leveraging their existing resource sharing and AI ambitions.
Bond Capital is leading a new funding round for AI music startup Suno, which would value the company at approximately $5 billion, up from $2.45 billion last fall, with the round expected to raise $250 million or more.
Amazon founder Jeff Bezos has proposed that the bottom 50% of American earners should pay no federal income tax, arguing that lower-income workers contribute a small share of total tax revenue and shouldn't face financial pressure. Bezos plans to pitch the idea to President Trump.
American Airlines has announced plans to install Starlink on more than 500 narrow-body Airbus aircraft beginning next year, marking another major carrier win for SpaceX's satellite communications unit ahead of its highly anticipated IPO.
Drivers for ride-hailing apps Uber and Lyft in Massachusetts became the first in the nation to certify a union Tuesday, marking a major labor victory amid growing concerns over pay, working conditions, and the rapid expansion of autonomous vehicle technology.
Massachusetts gig drivers are organizing through their union to address growing automation and labor concerns posed by Uber and Lyft's expanding use of technology in ride-sharing operations.
Micron reached a $1 trillion market valuation for the first time on Tuesday as shares surged 19% following UBS tripling its price target to $1,625, driven by surging demand for memory chips in artificial intelligence applications.
Gulf shrimpers face an existential crisis as fuel costs spike due to the Iran conflict and Strait of Hormuz closure, while competition from cheap imports continues to erode their market share and dockside prices.
Oil giant BP has removed chairman Albert Manifold with immediate effect over concerns including "bullying" and "overbearing" behaviour, marking his departure less than a year after joining the company.
At Fortune's Workplace Innovation Summit, executives and educators discussed how AI and shrinking entry-level roles are forcing employers and universities to rethink hiring practices, shifting focus from credentials to demonstrated skills like critical thinking, communication, and cultural fit.
Micron achieved a $1 trillion market valuation for the first time as shares jumped 18% following UBS nearly tripling its price target, driven by explosive demand for memory chips needed to power artificial intelligence and agentic AI workloads.
A SpaceX IPO filing reveals X's advertising revenue has declined significantly since Elon Musk's 2023 acquisition of Twitter, dropping from Twitter's pre-acquisition $4B in 2021 to $1.8B in 2025, though the platform has grown to 6.3M paid subscribers across X and Grok.
BP has removed its chairman Albert Manifold over "serious concerns" related to governance standards, oversight, and conduct, with Ian Tyler appointed as interim chair. The removal comes after nearly a fifth of BP shareholders voted against Manifold's election at the annual general meeting.
UK fintech Monzo reported its referral program payouts grew 40% year-over-year to £29.5 million for the 12 months ending March 2026, as part of a broader £143 million marketing spend according to company filings.
Dropbox co-founder and CEO Drew Houston is stepping down after 19 years to assume the role of executive chairman, with Ashraf Alkarmi being promoted from product chief to co-CEO before eventually taking the top job.
Despite Wall Street's high-profile layoffs in 2025 and concerns about AI automation, experts say an AI-fueled finance job takeover is largely "smoke and mirrors" for now, with most headcount reductions driven by pandemic-era overhiring and economic uncertainty rather than AI displacement.
A CEO's controversial decision to eliminate the entire HR department has sparked legal action from the EEOC, though the move was surprisingly defended by representatives during a public event.
Oil giant BP has removed its chair Albert Manifold over "serious concerns" related to governance standards, oversight, and conduct. Ian Tyler has been appointed interim chair with immediate effect.
Spain is temporarily blocking prediction market platforms Polymarket and Kalshi as it investigates whether they violate gambling laws, requiring companies to obtain proper licenses to provide gambling services.