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The Latest Breaking News from Fortune

Jensen Huang's signature black leather jacket just sold at Sotheby's for nearly $1 million—and the money is going to young tech builders

The Nvidia CEO's Tom Ford jacket, photomatched to a 2023 Taipei appearance, carried a $40,000-$60,000 estimate.

Fortune

Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive

Lower costs and open-source availability are prompting some companies to experiment with Chinese AI models, even as security concerns remain.

Fortune

OpenAI's CFO: 4 questions that reveal if your AI spend is paying off

Forget cost per token. Sarah Friar argues CFOs should judge AI by the work it actually completes.

Fortune

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Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

Fortune

FedEx’s CEO landed his first job by taking a roommate’s abandoned interview. Now he’s running a $75 billion shipping giant

Raj Subramaniam became the second-ever CEO of FedEx by taking every opportunity thrown his way—including his roommate’s job interview.

Fortune

World Cup final is already the biggest ever prediction market as Kalshi bets top $1.27 billion—with Spain favored to beat Argentina

Overall prediction market bets tied to the World Cup on Kalshi and Polymarket have collectively exceeded $29 billion in total trading volume.

Fortune

The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz

The coverage ratio for hyperscaler bond issuance tumbled from 5x in February 2026 to below 2x in July.

Fortune

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With a $15 billion net worth, Palantir CEO Alex Karp predicts he will get 20x richer from AI—but that middle-class workers will get just modest raises

Palantir CEO Alex Karp expects his fortune to grow to $300 billion thanks to AI—he says the U.S “biggest problem” is wealth going to unrelatable tech bros.

Fortune

Fortune 500 Power Moves: Which executives gained and lost power this week (July 11–17, 2026)

See which Fortune 500 companies are making changes to their C-suite ranks.

Fortune

Netflix stock hits a 52-week low after earnings—but analysts say investors are missing the bigger picture

There may be a growth story brewing at Netflix that the market is missing.

Fortune

Esther Perel has a warning for executives: Your workforce is suffering from social atrophy and AI is making it worse

Europe's boardrooms have spent the past year fixated on productivity, AI adoption, and the search for growth in a stagnant economy. Esther Perel thinks they're missing a more urgent problem.

Fortune

Former Obama official on AI anxiety and the depression nobody remembers — and the training model that gives him hope

A 22-year-old with an AI assistant can now do what once took a consulting team. Anthropic is betting on its "Claude Corps."

Fortune

Even before he was wealthy, Warren Buffett planned to give away all his money—now he doesn't check on his children's charities to see how they use it

"I tell the three children that it is theirs and it's their responsibility to get it done well," Buffett said.

Fortune

The VC betting $5.4 billion that Suno is the future of music

Menlo's Amy Wu Martin says the AI music startup's real business isn't hit songs—it's a new habit of making music just for yourself.

Fortune

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Fortune

Tech stocks lead steep global selloff as investors lose faith in AI chip trade

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

Fortune

The dollar's demise has been predicted for 55 years. The BCG Institute says it's still overstated

Everyone's writing the dollar's obituary. They're ignoring that every rival has bigger problems than America does.

Fortune

Current price of oil as of July 17, 2026

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

Fortune

American workers are retreating into silos. CEOs can bridge the gap

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Fortune

How Apollo-owned Michaels turned two rivals' bankruptcies into a growth strategy

The arts and crafts retailer leaning on party supplies and fabric to end years of stagnation.

Fortune

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

Two organizations targeted by O’Leary say his comments caused “significant economic losses, severe emotional distress, and ongoing threats to their physical safety.”

Fortune

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

“The Middle East conflict is really driving more inflation…so we are going to use the majority of the tariff refund to offset these higher costs,” the McCormick & Company CFO said.

Fortune

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

“K3 stands as Moonshot AI's most powerful open-source coding model to date,” Moonshot AI wrote in a press release.

Fortune

Netflix used AI to make 17 minutes of a documentary 'twice as fast and at half the cost'—as streaming competition drives up content spending to $20 billion

The streaming company touted the efficiencies of AI in its Q2 earnings, while stressing that movies will still be 'made by people who make movies.'

Fortune

Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack

Airbnb CEO Brian Chesky appears to have been the target of a cyberattack, sources tell Fortune.

Fortune

Jeff Bezos' Blue Origin is boosting employee pay to compete with SpaceX—but an advisor warns of 'golden handcuffs'

Jeff Bezos's space company is reportedly sweetening employee stock packages, but workers who leave for a competitor within 18 months could forfeit it all.

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