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The Latest Breaking News from 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 ultrarich from one country to another, and now Americans top the list: “I’ve never seen that before.”

Fortune

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Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses

The Trump administration says borrowing caps will incentivize universities to lower costs, but Republicans aren’t taking that chance with nurses.

Fortune

‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983

The 2026 Social Security Trustees’ Report finds the worst financial outlook in nearly half a century—and a new law signed this year made things worse.

Fortune

The new problem for millennial parents in the Northeast: The million-dollar starter home

The first rung on the property ladder now costs seven figures in a record 242 cities, a new Zillow report shows.

Fortune

He fled Iran for the American Dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer

This health tech millionaire fled Iran with nothing. Now he skips lunch, spends $500 a month on carrot juice, and bought his whole team Rolexes.

Fortune

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Citi, Ford, and Experian share their strategies for scaling AI agents

AI agents require trust. And building trust takes time. At Fortune Brainstorm Tech, business leaders discussed how they're making it work at their companies.

Fortune

Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

“There’s no way all these infrastructure investments can be financed by the local banking ecosystems,” Lottner says. “Vietnam’s deposit-generating capacity just isn’t big enough.”

Fortune

Filling up your car won’t feel normal until next summer, S&P says

A ceasefire between the U.S. and Iran could end the largest oil market disruption in history—and a full return to normal will take time to materialize.

Fortune

Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

Fortune

Make no mistake: the U.S. now has a licensing regime for frontier AI

With its decision on Anthropic's Mythos and Fable, the Trump administration has created a de facto licensing regime that throws into question the trajectory of frontier AI development.

Fortune

PayPal winds down venture arm as fintech giant restructures under new CEO

The fintech is exploring the sale of parts of its portfolio on the secondary market.

Fortune

'Making China the elephant in the room': The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say

With U.S. export controls on Anthropic boxing out allies and China controlling the minerals behind clean energy, the summit's AI and trade goals might be stymied.

Fortune

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Fortune

Dollar swaps were once emergency lifelines for foreign powers. Trump could leverage them for political favors

The administration is turning emergency dollar lifelines into geopolitical favors. Economists say that bargain could come at a steep cost.

Fortune

Welcome to the summer of 'Butter Yellow,' the shade of consumer anxiety

Soft palettes, nostalgic spending, and what America's newest aesthetic obsession reveals about the economy underneath.

Fortune

Elon's super currency: SpaceX' surging stock paid for the $60 billion Cursor acquisition in just a few hours of trading

SpaceX's stock appreciated by the entire $60 billon price of Cursor in just a matter of hours on its first day of trading, showing the power of Elon Musk's new acquisition supercurrency.

Fortune

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

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Fortune

College students are voting with their feet on AI. Goldman has the receipts

If you were a student right now, what major would you choose?

Fortune

Robinhood announces it will reduce headcount by 10%, CEO seeks to avoid ‘heavily-layered’ organization

Robinhood is cutting hundreds of jobs even as profits rise and new products like prediction markets help bolster growth.

Fortune

Kevin Warsh's first Fed test is here: He must navigate hawks 'on the offensive' and Wall Street's hunger for details on regime change

Warsh has been in post for a number of weeks now, but for the first time this week, elements of his must-anticipated policy stance will be made public.

Fortune

Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

“Frontier intelligence should not … be subject to withdrawal by a handful of rules at any moment,” Z.ai, a Chinese AI developer, wrote on social media.

Fortune

The CEO of $3 billion Michaels tells young workers to quit daydreaming and take risks because ‘the universe rewards doing things in action’

Michaels CEO David Boone tells new grads that “the universe rewards doing things in action versus analyzing and thinking about things.”

Fortune

Anthropic’s IPO pitch has a new problem: The government can shut it down

“Heck yeah there’s regulatory risk,” said David Linthicum, a longtime cloud analyst.

Fortune

Anthropic shutdown ignites calls for sovereign AI across Europe

Washington’s decision to cut off access to Anthropic’s newest frontier AI has forced Europe into a reckoning.

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