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The Latest Breaking News from Fortune

AI’s productivity gains are years away, but if it doesn’t deliver, it could make unsustainable debt levels even worse, Deutsche Bank economist says

Jim Reid was optimistic on AI’s ability to transform the economy, but suggested its benefits were not yet guaranteed.

Fortune

Billionaires John and Laura Arnold have already donated nearly half their wealth. Now they're funding a hunt for the health risks of sports betting

The foundation John Arnold runs with his wife, Laura, is funding 12 university studies on how online sports betting affects users' finances, mental health, and family life.

Fortune

Close to a million investors of the Trump memecoin lost a collective $3.8 billion, even as the president disclosed $636 million in earnings

The president launched the $TRUMP coin just before his inauguration last January.

Fortune

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Presidents aren't supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell

Michael Dell’s company was already riding the AI-server boom. His long history of presidential access now has a Trump-era twist: public praise that moves the stock.

Fortune

Meet the former Goldman Sachs exec who became the America's Cup Partnership's first CEO and is running the 175-year-old trophy like a startup

The oldest trophy in sports is in New York's harbor to celebrate the country's 250th birthday, onboard the "most beautiful ship in the world."

Fortune

Palantir CEO Alex Karp is paranoid about Anthropic and OpenAI. That doesn't mean he has nothing to fear.

The Palantir CEO says Anthropic and OpenAI deliver no value and 'steal alpha' from customers. Is he right?

Fortune

Cognition CEO says tech companies got ‘carried away’ with token leaderboards and should measure employees on output instead

Scott Wu’s concerns back up research showing AI is saving employees time, but they don’t always know how to translate those savings into productivity gains.

Fortune

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He went from working in a factory to being rich enough to retire at 32—but 3 decades later, this millionaire still works and takes public transport

Bill Holland, who led Canada's CI Financial for more than a decade, still rides public transit—a frugal mantra shared by Warren Buffett and Elon Musk.

Fortune

Tech used to be a mecca for young talent—now, AI start-ups are hiring fewer entry-level talent in favor of older workers with top degrees

Tech companies like Meta built a reputation for snatching talent before they’re out of college. But now, new AI start-ups are turning away young workers.

Fortune

Current price of oil as of July 7, 2026

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

Fortune

SK Hynix—which supplies memory chips to Nvidia—is about to test Wall Street's appetite for the next wave of tech IPOs

The Korean memory giant’s nearly 8-fold stock surge and $28 billion U.S. listing will show how much AI optimism is still left in the market.

Fortune

The $1.2 billion startup that wants to become Amazon Prime for savings

Super.com raised $65 million after betting that understanding financially stretched Americans was its biggest competitive advantage.

Fortune

McKinsey Global Institute: Climate planning has prioritized floods. Heat demands equal attention

Floods got the headlines but heat is quietly growing into a $700 billion problem to be solved — and only 18% of exposed people have AC.

Fortune

OPEC+ to pump more oil as market fears shift from shortage to glut

OPEC+ is opening the taps again, extending its production increases as Gulf oil flows recover and prices cool. But with supply rising faster than demand, fears of a global glut are mounting

Fortune

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World Cup fever is real. This CEO is betting it's not fleeting

Also: All the news and watercooler chat from Fortune.

Fortune

AI didn’t break higher education—It exposed the credential trap

As tuition soars past crisis levels and AI reshapes the classroom, students are rationally optimizing for diplomas over discovery. Call it the degree trap.

Fortune

Game over for 20% of Xbox staff as Microsoft hits reset: We "didn’t focus on the core business,” CEO says. “We simply spread ourselves too thin.”

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

Fortune

From missiles to malware: Why the Gulf is stepping up its operational resilience

As cyberattacks intensify and AI reshapes the digital battlefield, Gulf states are racing to strengthen the defenses protecting their most critical infrastructure

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Fortune

I skipped college and founded a company at 18. Several exits later, this is what I learned

I built six companies without a diploma. My hiring test isn't your resume — it's what you built when nobody assigned it.

Fortune

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

“We need more people to innovate.”

Fortune

Despite a $220 million net worth, Rafael Nadal says he won't retire because he hates waking up to no plans—so he's opened a chain of hotels instead

Despite retiring from a 23-year tennis career with millions in the bank, Rafael Nadal isn't kicking up his feet—he's back at work, this time in hotels.

Fortune

Virtual Assets Regulatory Authority CEO: Finance’s AI future moves at the speed of its slowest regulator

Financial centres still running on PDF rulebooks are almost out of time. The supervisors who modernise will inherit the next era of finance.

Fortune

Trump’s request for a review of Folarin Balogun's red card has become a global test of FIFA's political neutrality

The U.S. striker’s red-card ban was suspended after President Trump personally asked FIFA president Gianni Infantino for a review.

Fortune

‘The risks are growing and the resources are shrinking’: Experts blame DOGE cuts for intensifying the Ebola outbreak, which has killed more than 500

U.S. humanitarian foreign aid fell from $14 billion in 2024 to $3.7 billion last year, in large part a result of the gutting of USAID.

Fortune

The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win

Tad Devine, Bernie Sanders' top strategist, says the rules of running for office and navigating a presidential candidacy are intentionally complex.

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