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The Latest Breaking News from Fortune

The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year

“Our working assumption is that ~80% of energy flows will resume by the end of Q3, but a return to ‘normal’ could stretch into 2027.”

Fortune

Basketball vs. the Beautiful Game: the fight for America's summer sports attention

Two mega-events, record ratings, and billions in broadcast rights: the collision that will reshape sports media for a generation.

Fortune

Australia’s richest person just bought a SpaceX stake worth more than $1 billion. ‘Elon has done what very few people in history have done’

Gina Rinehart, a mining mogul, is backing the rocket maker, citing Musk’s record on space travel and government.

Fortune

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Top analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison

Keith Snyder at CFRA can’t justify SpaceX’s $2 trillion post-IPO market cap without assuming growth that current Grok adoption data doesn’t support.

Fortune

New Mexico is in a historic drought. Oracle and OpenAI designed their newest data center with that in mind

New Mexico lost 209,000 acres of forest to drought and insects last year. Now a data center may pull millions of gallons of water from the same area.

Fortune

‘Fix this code.’ The three little words behind the U.S. government decision that shut down Anthropic’s Fable and Mythos AI models

The Fable jailbreak was trivially easy, an independent security researcher found. But she and other experts say Fable’s value to cyber defenders outweighs its risks. Meanwhile, her own involvement may have antagonized the Trump administration.

Fortune

Here's how SpaceX’s debut stacks up against other major IPOs

After a strong start, questions remain on how the company will reach profitability.

Fortune

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Stanford student activists found a reason other than AI to protest Google CEO’s commencement speech

Sundar Pichai went out of his way to avoid mentioning AI. It wasn’t enough to stop Stanford’s student protesters.

Fortune

Robert Smith, CEO of Vista Equity Partners, makes plea to businesses adopting AI: ‘Don’t destroy your intern program’

Robert F. Smith, who has made a career in technology, said young people must be part of companies’ workforces.

Fortune

Why Patagonia is risking its progressive brand image with a lawsuit against a drag queen

Many in the LGBTQ+ community are fuming that the outdoor clothing brand is suing Pattie Gonia, a queer environmentalist. Patagonia says it had no choice.

Fortune

Iran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’

“But even with aid, Tehran’s ability to manage its domestic woes will remain limited, and the internal pressures will build.”

Fortune

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now he’s in the World Cup

When Ricardo Pepi stepped out for the US World Cup opener, it marked more than a debut, it was payoff for parents who raised him in a trailer on sacrifice.

Fortune

Jalen Brunson just led the Knicks to a historic win—and credits his NBA veteran dad's work ethic for preparing him for the job

NBA Finals MVP Jalen Brunson led the Knicks to victory, scoring nearly half the points in the game. And he credited his drive to his father, Rick Brunson.

Fortune

Silicon Valley legend Vinod Khosla tears into ‘idiotic, shortsighted, and very selfish’ Gen Z Stanford protests of Google CEO: ‘The stupidity’

When hundreds of Stanford graduates walked out on Google CEO Sundar Pichai, Vinod Khosla didn’t hold back about the students at his alma mater.

Fortune

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Michelle Obama clarifies her famous ‘Go high’ motto: It’s not about anger or pain, but more like putting a safety lock on a gun

Nearly a decade after “When they go low, we go high” went viral, the former first lady says leadership is “like a gun”: “Learn how to use it, put the safety lock on.”

Fortune

The $1 billion game that says AI can't replace human creativity

As Silicon Valley races to automate everything, Candy Crush maker King is taking a different view. General manager Paula Ingvar says the hit game’s 21,000-plus levels are still handcrafted—and argues that putting AI between creators and players would diminish the experience.

Fortune

BYD wants to become the world’s largest automaker. Stella Li is taking that pitch on the road

Stella Li has driven BYD’s rapid transformation into the world’s largest EV maker, spearheading its global expansion across Europe, Asia, and Latin America.

Fortune

Current price of oil as of June 15, 2026

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

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Fortune

Twilio CFO on the turnaround that won back Wall Street

Adrian Viggiano explains how Twilio moved from growth‑at‑all‑costs to disciplined, AI‑driven expansion.

Fortune

This tech CEO fired 80% of his workforce over AI resistance

IgniteTech's CEO said the AI adoption is failing due to workforce reluctance to embrace the technology.

Fortune

Exclusive: The researchers who built AI-generated DNA just raised $50 million to reinvent biology

Radical Numerics is betting that the future of biodefense and AI drug discovery lies in understanding entire biological systems—not just individual molecules.

Fortune

Why FedEx Freight left its $90 billion parent company

Inside FedEx Freight's case for independence and why its CEO believes scale can sometimes become a constraint.

Fortune

The SpaceX IPO marks a lopsided win for venture

SpaceX shares closed on its first day of trading up 19%, sending the company's valuation above $2 trillion in a genuinely historic IPO. What happens next will be telling.

Fortune

SpaceX tokens are a bust on IPO day—but blame supply and demand, not crypto

Tokenized stocks didn’t pan out, but the underlying idea is sound.

Fortune

Trump gets the peace deal he wants and rages against Israel’s Netanyahu: ‘He has no f—ing judgement. I let him know that'

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

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