McDonald’s newest $3 value menu is sounding an alarm about America’s K-shaped economy
McDonald’s is rolling out its cheapest value menu in years, a move that could speak more to the state of the American economy than it does fast food. Even as…
ServiceNow CEO says that new college graduate unemployment could reach 30% thanks to AI automation
AI tools are already spurring fierce job competition among Bambi-legged Gen Zers hoping to land their first entry-level job out of college. And the situation could get even worse, one…
Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades
For many observers, Donald Trump’s prosecution of the war against Iran has been nothing short of confounding — contradictory remarks, a seemingly improvisational strategy, and a nonchalance toward risks and…
‘We started this war due to pressure from Israel and its powerful American lobby:’ Trump’s National Counterterrorism Center director resigns over war
Joe Kent, the director of the National Counterterrorism Center, announced his resignation on Tuesday, citing his concerns about the justification for military strikes in Iran and saying he “cannot in…
Your Instagram DMs are no longer encrypted: Meta is reversing course on privacy and removing end-to-end encryption from Instagra
On May 8, Instagram will be able to read your DMs again. Meta is ending support for end-to-end encrypted direct messages — reversing a feature it introduced just two years…
Backchannel talks between U.S. and Iran offer Trump an off-ramp—if he wants it
Good morning. In today’s Fortune: There are backchannel talks between U.S. and Iran. In the markets, some welcome relief. Trump says he wants to ‘take’ Cuba. Nvidia’s Jensen Huang crowns…
Venezuela has the world’s largest proven oil reserves, but it can’t solve for the Strait of Hormuz ‘math problem’
As the Iran war drags deeper into its third week, one seemingly obvious solution for more energy is crude oil from Venezuela after the Trump administration seized former leader Nicolás…
Boards protected CEO bonuses as tariffs threatened business. Now, as Iran disrupts trade, CEOs may get more protection
When Apple CEO Tim Cook and his executive team received their performance targets for fiscal 2025, the board set a modest bar for bonus payouts. The new targets, including sales…
S&P 500 will return just 3% a year for the next decade, top strategist warns
Rob Arnott warns that shareholders in U.S. big caps will make one-fifth the returns over the next 10 years they pocketed since 2016, and those meager gains will barely edge…
Musk says taxing every billionaire at 100% would barely make a dent in the national debt. Bernie says tax them 5% and you’re $3,000 richer
The richest person in the world and the most well-known person leading the cause against creating more people like him have many differing views on taxing the ultrawealthy. But now,…