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The Latest Breaking News from Fortune

‘Mutiny, if need be’: At the Fed, ‘Warsh can suppress dissent only so much,’ over credibility-testing interest rate decision, Macquarie says

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

Fortune

A 103-year-old company says it has a plan to make AI data centers 'water-neutral'

Also: All the news and watercooler chat from Fortune.

Fortune

Ferrari’s Jony Ive–designed model was mocked by the internet, but it’s selling like hotcakes

When the Luce was released, Ferrari’s former president and chairman said he hoped “they take the prancing horse off that car, at least.”

Fortune

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

The oldest boomers are starting to turn 80, but the great wealth transfer isn’t materializing as promised.

Fortune

Meet the jet-setting fashion editor who turned a New York manicure at 23 into Nails.Inc—despite selling for $40 million, she still wakes at 5:45 a.m.

Victoria Beckham and even McDonald's helped launch Thea Green’s nail polish in America. Now Nails.Inc sells a bottle of polish every minute

Fortune

The rise of 'conspicuous waiting': The economic theory behind Gen Z's viral lines

Gen Z isn't just waiting in line. Thorstein Veblen would have recognized exactly what they're doing.

Fortune

This Dutch bookseller thought a request for 3,000 copies was 'spam or phishing.' Instead, AI companies are scanning and destroying books to train AI

"I was shocked!" Pieter de Vries of Haarlem told Fortune. He said several other Dutch antiquarian booksellers received the same request.

Fortune

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Elevance Health’s CEO started her career as a pro basketball player. Now she’s the highest‑ranking woman on the Global 500, leading a $199B giant

Gail Boudreaux credits collegiate athletics with helping to shape her leadership style.

Fortune

Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity to meet demand

AWS revenue hit $42.2 billion in Q2, marking its fastest growth in 18 quarters as AI demand outpaces Amazon’s ability to build more data centers.

Fortune

Tim Cook signs off on final Apple earnings call with warning of ‘100-year flood’ in memory chip pricing

The iPhone maker said severe constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.

Fortune

New York Mets tap Novig as prediction market partner as MLB embraces new betting sector

The deal will allow Novig to integrate across the Mets’ ecosystem and run league‑approved markets.

Fortune

Asia drives 60% of global growth, but the region's CEOs can't escape geopolitics. Here's how they can stay competitive

BCG’s Yasushi Sasaki outlines why resilience, regional capital, and multi-market strategies are key to navigating geopolitical risk.

Fortune

Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?

The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told Fortune. Unless that changes tomorrow.

Fortune

Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms

Azure crossed $100 billion in revenue for the first time, and a new disclosure about OpenAI offered some respite.

Fortune

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‘I‘m just stuck’: Meet the former OpenAI researcher sitting on $700K of equity that he says is overvalued

Andrew Ho worked at OpenAI for eight months but said he had to leave after realizing how tremendously overvalued the AI labs are. And he doesn’t think it’s a bubble.

Fortune

Has OpenAI already quietly hit pause on some AI development?

Between meetings on Capitol Hill this week, Sam Altman confirmed OpenAI deactivated a model after last month's Hugging Face breach.

Fortune

Jeff Bezos could add to the swelling ranks of American billionaires in English soccer

Half of the 20 Premier League clubs are already owned by Americans.

Fortune

Nearly a third of workers admit to sabotaging their company's AI—and smaller paychecks may explain why

As surveys document quiet resistance and outright sabotage, Apollo's Torsten Slok offers a theory: AI is compressing wages while leaving job counts intact.

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news in one place.

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Fortune

‘I predict one day Amazon will fail’: Jeff Bezos once warned his company might only last 30 years. At 31, it’s the biggest company in the world

From humble bookstore to Fortune Global 500 giant, Amazon is now the world’s largest company by revenue.

Fortune

Aliko Dangote is leaving one-third of his $35 billion fortune 'to humanity'—a rare move among Africa's billionaires

The pledge amounts to roughly $11.6 billion at today's valuation, and could grow far larger once his oil refinery goes public.

Fortune

Ultra-rich are buying up $49 million mansions in London, with ‘Trump unease’ generating a 10% rise in Americans investing in Britain

In the first half of this year, Americans accounted for 30% of London’s luxury home sales above $20 million. A real estate expert blames unease over Trump.

Fortune

A tech podcast inspired AI workers to donate $40 million to improve the lives of chickens, pigs, and other factory-farmed animals

Factory farming has historically been an overlooked cause. Now, tech workers at companies like OpenAI are pouring millions into changing that.

Fortune

Should AI be formally recognized as a national and global security threat? In London, politicians increasingly think so

More than 125 U.K. lawmakers support ControlAI’s campaign, led by Luciana Berger, to have nonhuman superintelligence officially recognized as a national and global security threat.

Fortune

The only thing more surprising than Cracker Barrel CEO’s exit may be its pick to replace her

Julie Masino had steadied Cracker Barrel after last year’s logo firestorm. Her replacement oversaw a stock decline at his last job.

Fortune

UPS CFO on the lessons learned from scaling back Amazon—and why the strategy is paying off

UPS is seeing margin gains, cost savings, and a clearer path to higher-value growth, says CFO Brian Dykes.

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