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The Latest Breaking News from Fortune

'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America

They're not leaving the U.S. entirely, Citigroup's Darlene Patterson told Fortune. "They're just looking for more lifestyle enhancement, optionality."

Fortune

'I have a chip on my shoulder.' Phoebe Gates wants her $185 million AI startup Phia to succeed with 'no ties to my privilege or my last name'

The daughter of Bill Gates and Melinda French Gates acknowledges her privilege, but says she’s building her own thing without their help.

Fortune

Americans are quietly abandoning the daily habit that billionaires say set them up for success—and it could have lasting consequences

Billionaires swear by books—but two in five Americans didn’t read a single one in 2025. Experts warn its decline among Americans, especially Gen Z, could have lasting consequences.

Fortune

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A 12-person PR firm represents De Niro, Pacino, and billion-dollar clients. Its founder says the secret is staying small

The RMG founder's default answer to any prospective client is 'no.' It's helped him grow revenue more than fivefold in five years without staffing up.

Fortune

For 250 years, work defined American identity. That era Is ending

AI is not just disrupting jobs. It is destabilizing the work-centered identity that helped define American life, forcing us to invent something new.

Fortune

Meta added a privacy-safety feature to its AI glasses but is reportedly testing a ‘super-sensing’ prototype

Meta's new feature disables its smart glasses' camera if users tamper with the LED recording light.

Fortune

How SK Hynix just pulled off the second-largest U.S. share sale by quietly powering the AI boom

With a $26.5 billion Nasdaq debut, the South Korean manufacturer caps off a long, strange path from memory-chip also-ran to AI powerhouse

Fortune

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Why the 2026 IPO boom is about to broaden beyond AI mega-deals

After SpaceX’s record IPO, investors are starting to eye new sectors.

Fortune

A $5 hair tie, a sold-out dress, cake and a fast-food order: How fans chase closeness to Erling Haaland, Taylor Swift and other celebrities

Brands cash in as fans buy small, affordable pieces of their idols' lives, even if those items are not direct endorsements.

Fortune

Ulta is betting $400 million that an NYC megastore will help it compete with Sephora—and that flagships still work

An Ulta executive says the four-story behemoth is critical to its growth in the U.S. and abroad.

Fortune

Apple accuses OpenAI, and former design star Jony Ive's io Products firm, of stealing hardware trade secrets in blockbuster lawsuit

The lawsuit alleges that two former Apple employees now working at OpenAI stole confidential data including information about unreleased hardware products and technical specifications.

Fortune

U.K. agency finds 'universal jailbreaks' unlock dangerous cyber capabilities of OpenAI's GPT-5.6

U.K. AI agency found 'universal jailbreaks' that unlocked dangerous cyber capabilities in OpenAI's GPT-5.6

Fortune

Trump promotes ‘Freedom Fuel Network’ stations, a new chain with cheaper gas and mysterious origins

Freedom Fuel Network sells gasoline at prices well below the average, but the chain has revealed little about itself.

Fortune

Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet

Not only are they expanding their footprint, they’re also doubling headcount. Anthropic said it plans to have more than 1,000 employees by end of year.

Fortune

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Fortune

This summer's hottest IPOs are minting a new class of ultra-high-net-worth 'IPO Bros'—and family offices are changing how they approach them

A hot IPO summer means family offices are learning how to navigate newly minuted UHNW "IPO Bros" who have that entrepreneurial spirit.

Fortune

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

"Ultimately, both sides need a deal soon given domestic vulnerabilities: looming U.S. midterms, Iran's economic and political fragilities."

Fortune

One Wall Street firm is paying its Gen Z interns fresh out of college $8,600 a week—more than the typical American makes in nearly two months

Susquehanna is offering master's and Ph.D. interns up to $86,000 for a 10-week summer, plus free housing, complimentary meals, and other perks.

Fortune

When Erling Haaland isn’t playing for Norway in the World Cup, he's investing in a chess championship and playing an animated Viking

Soccer star Erling Haaland has led Norway to the World Cup quarterfinals—but off the pitch, he’s investing in chess and starring in a Viking movie.

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Fortune

Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium

Cheyenne's Board of Public Utilities tightened its wastewater discharge policy following the discovery of Cupriavidus gilardii in its treatment facility earlier this year.

Fortune

Marketing’s new mandate: Why AI is forcing CMOs to think like ‘mini CEOs’

Fortune hosted a panel of marketing leaders following the Cannes Lions International Festival of Creativity to discuss AI’s impact on the profession and how the CMO role is evolving

Fortune

Why companies are paying a premium for battle-tested CFOs—and Nike’s struggling turnaround shows what that costs

David Denton, Nike’s new CFO, is coming from Pfizer—underscoring how far companies will go to recruit proven top finance chiefs.

Fortune

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

Interest payments on the debt are now so large that the spending is higher than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.

Fortune

Current price of oil as of July 10, 2026

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

Fortune

Strait Jacket: Wall Street is worried President Trump has no good options for ending the war with Iran

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

Fortune

40% of Americans didn't read a book last year. These 3 are worth the exception

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