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The Latest Breaking News from Fortune

Gen Z's anti-capitalist brand says one thing. Its spending data says something more interesting

K shape, what K shape? Everyone in Gen Z is spending money in this economy, regardless of income.

Fortune

Has the AI race shifted from U.S. vs China to open vs closed?

Whether it’s GLM-5.2, Kimi K3, or DeepSeek V4, China’s open-source AI models are reshaping how we think about AI.

Fortune

Elon Musk delivers ‘totally nuts’ plan for moon robots and $1 trillion revenue target, but capex tanks SpaceX on debut earnings

The rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.

Fortune

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From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer

Ken Griffin helps fund Pochettino through 2030, KKR backs MLS's development league, and the new MLS commissioner is an Apollo veteran.

Fortune

Elon Musk says SpaceX data centers will crush competitors because its rocket scientists are like the Yankees ‘playing a Little League team’

Musk said the rocket scientists behind SpaceX’s reusable rockets give the company an edge in building AI data centers as rivals race to expand compute capacity.

Fortune

White House won’t publicly release AI model evaluation framework it reviewed today with Meta, Nvidia, Microsoft, OpenAI, Anthropic, variety of smaller companies

It’s unclear why the administration is keeping the framework under wraps, especially following a series of hacks from OpenAI and Anthropic that have spooked the public.

Fortune

Trump meets AI giants, Senate Dems decry ‘unpredictable’ governance—and cheap Chinese AI looms as giant security risk

While Democrats say the lack of clear rules will lead American firms to choose Chinese AI companies over domestic ones, experts say it’s the cost.

Fortune

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SpaceX revenue surges 92% to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion

SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial results.

Fortune

OpenAI president Greg Brockman on why voice will inevitably replace our clicking and typing 'phase'

An office full of people talking to their computers may seem weird today, but a growing number of companies and 'voice-pilled' devotees are betting it's the future.

Fortune

Scott Bessent is using moves from his hedge fund days to prop up Japan's yen—and America's $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”

Fortune

McDonald's CEO turns to a trusted lieutenant with a turnaround record to revive its biggest market

CEO Chris Kempczinski is betting on Skye Anderson, the exec he's tapped for tough assignments before, to boost sales growth and improve its value push.

Fortune

OpenAI fires back at Apple, publishing private emails to counter trade-secret claims

Apple is asking a judge to halt OpenAI’s use of alleged trade secrets and speed up discovery.

Fortune

‘I’m mortified’: YouTube star Hank Green apologizes for ChatGPT overuse after fans accuse him of including a prompt by mistake

“I have been relying too heavily on AI as a research aid,” Green said, while denying that “I appreciate the pushback” was an AI-generated phrase.

Fortune

Bessent's Yen gamble is a warning sign — buckle up

Fasten your seat belts: Treasury Secretary Scott Bessent has become a Big Player in the yen market. Increased volatility is right around the corner.

Fortune

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Fortune

‘This is insider trading by definition’: Trump sells $100,000 monthly subscription service to Wall Street to further monetize the presidency

Wall Street firms will get information milliseconds faster than the general public—and Trump will directly benefit.

Fortune

Kevin Warsh told Wall Street he’d be sharing less—Goldman Sachs fears a void of Fed facts will only amplify misinformation and instability

“Even without providing explicit forward guidance, central bankers still have an obligation to explain the economic framework behind their decisions. On that score, this press conference fell well short,” chimed professor Jeremy Siegel.

Fortune

DoorDash CEO Tony Xu once thought his $87 billion company would only make $100 million. He tells founders to be ‘greedy’ and dream bigger

“It’s very hard as an entrepreneur when you’re working out of your apartment, to know what that size could be one day,” DoorDash cofounder Tony Xu said.

Fortune

Despite dropping out of MIT to build $159 billion fintech Stripe, its CEO has a warning for Gen Z who want to copy him: ‘That was a poor intuition’

Stripe CEO Patrick Collison left MIT twice before building a $159 billion fintech firm—but says being a dropout isn’t key to seizing AI opportunity.

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Fortune

Why Paramount might win its case and still run out of time to acquire Warner Bros. Discovery

Vince Lombardi once said “We didn’t lose the game; we just ran out of time.” Hollywood has seen this movie before, and only a decade ago.

Fortune

Your AI agent can be a teammate. But it still needs a boss

Most companies are teaching people how to get more out of AI, but they are not teaching people how to lead it.

Fortune

Exclusive: Dinari, founded by Stripe and Apple alums, partners with Circle to offer tokenized stocks to U.S. investors

The launch features 724 tokenized equities, including the entire S&P 500, marking the largest catalog of digital shares currently available.

Fortune

How AI turned your best work into the bare minimum

Efficiency gains from AI are not being returned to employees as breathing room, but being immediately converted into higher output expectations instead.

Fortune

Cloudflare just launched a permanent ID tool and wallet for AI shopping

The new service makes it easier for consumers to equip AI agents with tools that let them spend and identity themselves to merchants’ agents.

Fortune

JPMorgan Chase, Accenture and others are teaming up on a new venture to standardize how AI token use is measured

J.R. Storment, executive director of the Tokenomics Foundation, explains what finance chiefs should ask their tech counterparts before setting a budget for AI tokens.

Fortune

Your AI strategy isn't failing because of bad design. It's because your team doesn't believe in you

Most leaders diagnose AI resistance as a communication problem. It's a belief problem — and fixing it requires understanding how conviction actually forms.

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