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The Latest Breaking News from Fortune

PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades

Roelof Botha, who spent more than two decades at VC firm Sequoia Capital, first worked with Elon Musk at PayPal.

Fortune

Biden's flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result

When the government hints at doing something big, like canceling student loans, people start acting as if it's already happened, even if it's not guaranteed.

Fortune

Kevin Warsh's first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don't expect many details on when

The Federal Open Market Committee (FOMC) held rates steady at the first meeting chaired by Kevin Warsh.

Fortune

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Tokens are getting cheaper, but companies are spending even more on AI as a result, top economist warns

Tokenmaxxing may be over, but experts still have concerns about ballooning AI spend.

Fortune

‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less

The Amazon founder bets AI will create a labor shortage, not a doomsday, as he debuts Prometheus, his $41 billion startup reengineering the physical world.

Fortune

One of the most powerful El Niños on record cost the world economy $5.7 trillion. The 2026 cycle might be even stronger

El Niño is here. Prepare for higher food prices, throttled trade, and a “systemic shock” to the world economy.

Fortune

Sam Bankman-Fried’s pardon bid faces bipartisan pushback in Congress: ‘Keep him locked up’

Sens. Cynthia Lummis and Ruben Gallego submitted a resolution that opposes a presidential pardon for the notorious crypto fraudster.

Fortune

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Brinker's CIO spent years rebuilding restaurant tech. Now, the Chili's operator is ready for a bite of AI

Brinker's CIO joined in 2024 and spent two years fixing Wi-Fi, iPads, and other gadgets needed to run restaurants more efficiently. Now, he's ready for AI.

Fortune

A 21-year-old cofounder’s sales pitch to clients begs them to question the company’s results: ‘Do not trust us. Do not trust our model’

Ned Koh, the founder and president of Aaru, said the AI startup’s ability to predict outcomes better than human-led survey data speaks for itself.

Fortune

‘I have nothing to lose’: Perplexity CEO says fear of failure is ‘the stupidest thing’ holding you back

When fear of failure strikes, Aravind Srinivas, the CEO of AI giant Perplexity, reminds himself that just having a job was once the bar for success.

Fortune

Kevin O'Leary slams work-life balance, saying it's complete nonsense and founders should work '25 hours a day, 8 days a week'

The Shark Tank star, who sold his startup to Mattel for $4.2 billion, told Harvard Business School's The Founder Mindset podcast there's "no balance" in a company's first 36 months.

Fortune

Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars

Before leading Google to a $4.5 trillion empire, Sundar Pichai had to rally his Chrome team after a public jab from Microsoft's CEO.

Fortune

Current price of oil as of June 17, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Exclusive: Karta raises $15 million to bring WhatsApp-run U.S. credit cards to global travelers

The Miami-based startup is building a WhatsApp-first premium card for non-U.S. clients, to replace a once-popular AmEx product.

Fortune

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Exclusive: A 21-year-old Stanford grad just raised $11 million to put a hormone lab on your wrist

As Oura and WHOOP expand into women's health, startup Clair Health has raised $11 million to build a wearable designed from the ground up to continuously model hormonal cycles.

Fortune

CFO pay surged 8% last year—and long-term incentives now account for 63% of the average package

Most CFOs still earn only about a third of the top job’s package.

Fortune

Michael Burry is ‘tempted’ to face Elon Musk’s wrath, but says SpaceX put options aren’t enticing enough for ‘fundamentally a small space company’

“I am not involved with SpaceX now. Neither short nor, ahem, long,” wrote Burry.

Fortune

Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time

Financial statements show a colossal $659 million was spent making “Jurassic World: Dominion”—more than Disney spent on its “Star Wars” franchise.

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Fortune

OpenAI’s balance sheet remains the most mysterious—and consequential—in business

A combination of blogger Ed Zitron and the Financial Times reported that OpenAI’s 2025 financials look, well, pretty rough.

Fortune

Cohere CEO on G7 leaders' choice: sovereign AI or digital serfdom

Dependence on a handful of centralized AI providers is the digital equivalent of relying on a single nation for oil.

Fortune

The art of the bail: Iran got what it wanted. Did the U.S.? Everyone’s is judging Trump’s MIA MOU

Everything you need to know before you reach the office this morning.

Fortune

TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up

Also: All the news and watercooler chat from Fortune.

Fortune

Your raise used to go offshore. Then it went to a buyback. Now it's going to a data center

Goldman Sachs' global strategist says we've entered a "postmodern" era of finance — and the rules that made investors rich for 40 years no longer apply.

Fortune

A 76-year-old was about to lose his entire $3 million retirement to a scam. TIAA's AI caught it—but a human prevented disaster

AI is increasingly taking over. But TIAA CEO Thasunda Brown Duckett insists, “it's still all about the humans” after staff saved a retiree millions.

Fortune

The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America

Nuri Katz has spent 34 years moving the world's ultra-rich from one country to another, and now Americans top the list: "I've never seen that before."

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