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Saks Global’s near bankruptcy is the result of risky dealmaking—and a neglect of business basics

Also: All the news and watercooler chat from Fortune.

By Phil WahbaJanuary 8, 2026
An elderly man prepares ingredients, grating carrots on a plate in a home setting, emphasizing independence and routine.
More Americans will die than be born in 2030, CBO predicts—leaving immigrants as the only source of population growth
By Eva RoytburgJanuary 7, 2026
corner office
AI layoffs are looking more and more like corporate fiction that’s masking a darker reality, Oxford Economics suggests
By Nick LichtenbergJanuary 7, 2026
Larry Page looks up and to the right.
Jensen Huang might be fine with a billionaires tax, but Google cofounder Larry Page is already dumping California
By Sasha RogelbergJanuary 7, 2026
The typical American plan to study for 22 years and work for 40 ‘is broken,’ VC CEO says. Thanks to AI, employees can’t coast after graduation anymore
By Marco Quiroz-GutierrezJanuary 7, 2026
Future of Work
More in Future of Work
middle
Top economist says latest jobs data shows a ‘jobless expansion’ with no historical precedent—and it’s ‘gut-wrenching’ for the middle class

“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”

By Eva RoytburgJanuary 7, 2026
‘It feels challenging to break through’: Most recruiters say they can’t find talent while 80% of job seekers feel unprepared to find a job

“They’re navigating fierce competition, uncertain about which roles they qualify for, and wondering whether their AI skills measure up,” said Teuila Hanson, LinkedIn’s chief people officer. 

By Jacqueline MunisJanuary 7, 2026
Staff at a major Swedish pharmacy chain are being paid to take time off with friends to combat loneliness—they can even text loved ones during the $100 ‘friendship hour’

Pharma chain Apotek Hjärtat is footing the bill for its employees to text their friends, go out to lunch, or catch up over a phone call. It could help combat the $154 billion workplace isolation issue.

By Emma BurleighJanuary 7, 2026
More in Future of Work
Success
More in Success
walz
Walz in the wilderness: from future VP to unemployed in just a few years

“He’s going to need employment. Maybe he finds himself a new niche, maybe in the foundation world,” said political scientist Larry Jacobs.

By Steve Karnowski and The Associated PressJanuary 7, 2026
Netflix co-CEO says he doesn’t read business books—at all. Instead, he reads one 1902 fiction about a ship and its reckless ‘hot dog’ captain over and over again

Like Elon Musk and Tim Cook, Netflix’s co-CEO Ted Sarandos is a fan of good books. But instead of picking up traditional management reads, he leans on a 123-year-old fiction he once thought was about a reckless “hot dog.”

By Preston ForeJanuary 7, 2026
The 7 most overlooked CEOs in 2025—and the 5 to watch in 2026

The Yale Chief Executive Leadership Institute highlights the top performers of 2025 and the top leaders to watch in 2026.

By Jeffrey Sonnenfeld and Stephen HenriquesJanuary 7, 2026
More in Success
C-Suite
More in C-Suite
Nestlé’s CIO says the value of the food giant’s AI investments goes well beyond efficiency

The world’s largest food and beverage company is using AI to rethink pricing, factories, sales, but the company’s chief information officer isn’t just focused on squeezing out efficiency gains.

By John KellJanuary 7, 2026
Jamie Dimon’s bombshell on proxy advisory delivers a body blow to the firms he called ‘incompetent’

In a break that shapes the architecture of shareholder power, JPMorgan Asset Management severed all ties this week with ISS and Glass Lewis. 

By Richard TorrenzanoJanuary 7, 2026
Jensen Huang is ‘perfectly fine’ with a billionaire tax, shrugging off concerns that it might scatter Silicon Valley’s talent pool

“We chose to live in Silicon Valley and whatever taxes they would like to apply, so be it,” Huang said.

By Eleanor PringleJanuary 7, 2026
More in C-Suite
Workplace Culture
More in Workplace Culture
Gen Z’s hiring nightmare is real. These are the curveball questions CEOs are asking to catch out job seekers: ‘Design a car for a deaf person’

Gen Z’s hiring nightmare is real. With fewer jobs and fiercer competition, employers are using curveball interview questions to separate candidates from the pack.

By Orianna Rosa RoyleJanuary 7, 2026
When brands play hard to get: why you’re drawn to products that neg you

We call this “dissuasive framing.” Instead of saying a product is perfect for everyone, a company is up front about who it might not be for.

By Jaclyn L. Tanenbaum, Karen Anne Wallach and The ConversationJanuary 6, 2026
‘Employers are increasingly turning to degree and GPA’ in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges

Hiring skills over people is no longer en vogue as firms deprioritize DEI and cut down on recruiting costs.

By Jake AngeloJanuary 6, 2026
More in Workplace Culture
Latest Stories
Nvidia co-founder and CEO Jensen Huang in Las Vegas, Nevada, on January 5, 2026. (Photo: Patrick T. Fallon/AFP/Getty Images)
NewslettersChina reportedly tells tech firms to pause Nvidia H200 orders
By Andrew NuscaJanuary 8, 2026
US President Donald Trump, alongside Deputy Chief of Staff Stephen Miller, Secretary of State Marco Rubio, and US Secretary of Defense Pete Hegseth, speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida, on January 3, 2026. President Trump said Saturday that US forces had captured Venezuelan leader Nicolas Maduro after launching a "large scale strike" on the South American country.
EnergyThe U.S. naval blockade of Venezuela has cost $700 million already—and is rising by $9 million daily
By Jordan BlumJanuary 8, 2026
Personal FinanceCurrent mortgage rates report for Jan. 8, 2026: Rates tick slightly up
By Glen Luke FlanaganJanuary 8, 2026
Personal FinanceCurrent ARM mortgage rates report for Jan. 8, 2026
By Glen Luke FlanaganJanuary 8, 2026
Personal FinanceCurrent refi mortgage rates report for Jan. 8, 2026
By Glen Luke FlanaganJanuary 8, 2026
Delta plane flying
North AmericaThese are the 10 most on-time airlines in the world, and only one American company made the cut
By Jacqueline MunisJanuary 7, 2026
Simple App as best intermittent fasting app
HealthThe Best Nutrition Apps of 2026: Approved by Experts
By Christina SnyderJanuary 7, 2026
Real EstateTrump threatens to ban Wall Street from buying the house next door, saying ‘American Dream is increasingly out of reach for far too many people’
By Nick LichtenbergJanuary 7, 2026
More LeadershipPage 5 of 100
Dinner Bell
Arts & Entertainment‘You sure don’t see too many of those anymore’: Miss. restaurant defies history, with only 4 tables, massive lazy Susans and wild popularity
By Sophie Bates and The Associated PressDecember 22, 2025
C-SuiteBillionaire Castel’s daughter seeks CEO ouster in bitter split
By Tara Patel and BloombergDecember 22, 2025
C-SuiteCEO of Boeing and Lockheed rocket joint venture ULA resigns
By Loren Grush and BloombergDecember 22, 2025
Priscilla Chan and Mark Zuckerberg
SuccessBillionaire philanthropy’s growing divide: Mark Zuckerberg stops funding immigration reform as MacKenzie Scott doubles down on DEI
By Ashley LutzDecember 22, 2025
Personal FinanceAs Americans scale back on charitable giving, this Texas architect shares his unusual ‘shotgun approach’
By James Pollard, Linley Sanders and The Associated PressDecember 22, 2025
Photo of David Solomon
SuccessGoldman Sachs CEO says he’d hire someone ‘smart enough’ over the smartest person in the world because ultimately experience trumps brains
By Emma BurleighDecember 22, 2025
Arts & EntertainmentHallmark’s catalog of 300+ Christmas movies watched by millions all started with the world’s first written-for-TV opera in 1951
By Molly Liebergall and Morning BrewDecember 22, 2025
Photo of Evy Poumpouras
SuccessFormer U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: ‘You don’t get high performers, you get sloppiness’
By Sydney LakeDecember 22, 2025
Larry Ellison sits in the Oval Office
Big TechBillionaire Larry Ellison comes to his son’s rescue, agreeing to personally guarantee over $40 billion to finance Paramount’s bid for Warner Bros.
By Dave SmithDecember 22, 2025
SuccessMeet the Chanel chief who hires for personality over talent or skills—those with ‘big egos, want to work solo or are mercenaries’ don’t pass go
By Orianna Rosa RoyleDecember 22, 2025
Chris Nicholas
CommentaryI’m the Sam’s Club CEO and I’ve got an AI leadership reality check: let purpose, not promise, guide investment
By Chris NicholasDecember 22, 2025
Nespresso's CEO Anna Lundstrom
SuccessI cold-contacted LVMH boss and he hired me: How Nespresso’s U.K. CEO got her foot in the door of the notoriously hard-to-break luxury industry
By Orianna Rosa RoyleDecember 22, 2025
Woodside
AIAn Iowa company that builds wood chippers doesn’t care about your AI buzzwords: 2 Silicon Valley CEOs get real about the hype-slop-cycle
By Nick LichtenbergDecember 22, 2025
Two women sit in an office talking over coffee.
NewslettersAs more workers request accommodations, how should workplaces react?
By Kristin StollerDecember 22, 2025
C-SuiteFor CEOs, the path to the top is still internal
By Ruth UmohDecember 22, 2025
NewslettersHow the OpenAI vs Google battle looks through the lens of Michael Porter’s ‘5 Forces’ analysis
By Geoff ColvinDecember 22, 2025
AIA top global design alliance is embracing AI to ‘let designers focus more on empathy and creativity’
By Angelica AngDecember 22, 2025
PoliticsAfter GOP fights about antisemitism, JD Vance rejects ‘purity tests’ and says there’s ‘more important work to do than canceling each other’
By Jonathan J. Cooper, Sejal Govindarao and The Associated PressDecember 21, 2025
Photo of Will.i.am
SuccessMultimillionaire musician Will.i.am says work-life balance is for people ‘working on someone else’s dream’ and not for visionaries—he grinds from 5-to-9 after his 9-to-5
By Orianna Rosa RoyleDecember 21, 2025
woman speaking at conference
SuccessHubSpot CEO avoids the Sunday scaries simply by working on the weekend
By Sydney LakeDecember 21, 2025
Tom Freston
Arts & EntertainmentTom Freston, the beat-poet exec who made MTV cool for 20 years, sees ‘really nothing in it for the consumer’ from Netflix, Warner, or his old company
By Nick LichtenbergDecember 21, 2025
Photo of young male banker
SuccessIs AI really killing finance and banking jobs? Experts say Wall Street’s layoffs may be more hype than takeover—for now
By Emma BurleighDecember 21, 2025
Photo of a car mechanic's hands fixing an engine
Future of WorkMeet a 55-year-old automotive technician in Arkansas who didn’t care if his kids went to college: ‘There are options’
By Muskaan ArshadDecember 21, 2025
Future of WorkA Walmart employee nearly doubled her pay after entering its pipeline for skilled tradespeople. ‘I was able to move out of my parents’ house’
By Anne D'Innocenzio and The Associated PressDecember 20, 2025
SuccessParaplegic engineer becomes the first wheelchair user to blast into space — laughing all the up, while on board a Blue Origin rocket
By Marcia Dunn and The Associated PressDecember 20, 2025
Scott Anthony
Future of Work‘They’ll lose their humanity’: Dartmouth professor says he’s surprised just how scared his Gen Z students are of AI
By Nick LichtenbergDecember 20, 2025
Future of WorkGen Z is open minded about blue-collar work and the Fords of the economy need them — but both sides are missing each other
By Muskaan ArshadDecember 20, 2025
Josie Lauducci on the front of her boat
SuccessMeet the Gen Xer who lives on a boat—she supercommutes to California every few weeks for her $100-an-hour job. Just eight shifts cover all her bills
By Preston ForeDecember 20, 2025
C-SuiteFortune 500 Power Moves: Which executives gained and lost power this week
By Fortune EditorsDecember 19, 2025
Late Apple cofounder Steve Jobs
SuccessSteve Jobs sold his Volkswagen to raise $1,300 for Apple’s first computer. He became a millionaire just two years later at 23
By Emma BurleighDecember 19, 2025
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Most Popular
LawAmazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid
By Sydney LakeJanuary 6, 2026
An image of a popular article
EconomyMark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this
By Nick LichtenbergJanuary 6, 2026
An image of a popular article
Future of Work'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloJanuary 6, 2026
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