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The Latest Breaking News from Fortune

Google just posted the biggest quarterly profit ever—$112 billion—and Wall Street is punishing it for doing so

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

Fortune

CEOs agree there’s an affordability crisis, but how to solve it isn’t so simple

Also: All the news and watercooler chat from Fortune.

Fortune

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

The $75 million gift to establish an art, architecture and design college is the largest Huang has ever made to a university.

Fortune

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Hasbro’s growth strategy isn’t just about kids anymore—it’s about ‘kidults’

CEO Chris Cocks is betting the toymaker’s future on grownup collectors, card games, and nostalgia—and Wall Street likes what it’s seeing.

Fortune

Europe does not need more ambition. It needs to stop hiding it

Thijn Lamers says European humility, not weak products, is holding back the next Adyen.

Fortune

How GE CEO Larry Culp pulled off the turnaround of the century

GE was teetering on collapse when Culp arrived. Eight years later, its three successor companies are worth nearly $700 billion combined.

Fortune

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

Spain may have won the 2026 FIFA World Cup, but for many players the celebration comes with an unexpected opponent.

Fortune

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Anthropic and SpaceX just handed Google the biggest profit quarter in company history—on paper

A $99 billion markup on stakes in Anthropic and SpaceX delivered more than two-thirds of Alphabet's stunning $112 billion profit.

Fortune

'It's called StreetEasy, not StreetHard': Mamdani cracks down on scourge of 'housefishing’ and 'real estate slop'

The New York mayor's proposal would require landlords, brokers and listing platforms to disclose AI-generated or digitally altered rental photos.

Fortune

As Washington panics about Chinese AI, Jensen Huang says open-source models like Kimi are ‘excellent’ and should be embraced, not banned

The Nvidia CEO said open source AI models could fuel more demand for chips and data centers.

Fortune

OpenAI’s rogue hacking incident was a warning shot. Will it be a wake-up call to finally create AI safety regulation?

AI policy experts and safety researchers call the AI agents’ attack on Hugging Face “a wake-up call.”

Fortune

Meet ‘Memi,’ the $3 trillion memory boom powering small-caps, emerging markets, and Japan

Micron Technology, SK Hynix, and Samsung hit $1 trillion or more in market cap this year due to surging demand for memory chips.

Fortune

OpenAI's models went rogue and hacked Hugging Face. More concerning behavior may be next

AI safety researchers warn that smarter models are getting better at gaming the system to get what they want—and could start hiding their intentions.

Fortune

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

The Treasury Secretary says he hasn’t been to Fort Knox, but said all $600 billion in gold there is “present and accounted for.”

Fortune

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'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away

Peter Thiel has called the Giving Pledge an "Epstein-adjacent fake boomer club," but even that Gates and Buffett initiative fails Carnegie's test.

Fortune

The millennial generation has split, new Fed research shows: those over 35 are edging toward boomer-style wealth, while everyone else falls behind

A new Fed measure shows just 22% of adults under 35 actually own their home—not the 37% that the headline number suggests.

Fortune

Larry Page and Sergey Brin splash $225 million in Miami property as billionaires flee California's tax—and Google is expanding its office there too

Larry Page and Sergey Brin now own around $225 million in Miami real estate, and other billionaires are bringing their companies to the coastal region.

Fortune

Warren Buffett called Bill Gates' Epstein ties 'distasteful' and pulled out of the Gates Foundation. Days later, a review revealed 30 meetings

The Gates Foundation met with Jeffrey Epstein about 30 times, an external review found, even as staff raised concerns.

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news in one place.

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Fortune

Blackstone president Jon Gray tells Gen Z to think like founders at work—but a growing number are skipping the corporate ladder to become one for real

If Gen Z wants to climb the corporate ladder, they should view every job like they’re working at a startup, according to Blackstone President Jon Gray.

Fortune

Trump's third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures

Booed at the World Cup, buried in the polls — Trump's tariff clock runs out Friday, but he never retreats, only finds a new distraction.

Fortune

We got California to intervene about OpenAI's corporate switch from nonprofit status. It's time for the SEC to come to the table

A little-known Class N share lets the nonprofit Foundation control OpenAI's board even if it sells its 26% equity stake, raising fresh SEC questions.

Fortune

Beyond SpaceX: Why great IPOs depend on more than first-day demand

A Fortune report looks at the rules pros use to separate trillion‑dollar hype from durable public‑market returns.

Fortune

Exclusive: Startup Arrakis emerges from stealth with $38 million in funding to bring AI to industry

The company wants to bring agentic AI to aerospace, energy, logistics, and manufacturing.

Fortune

Confessions of an award-winning AI memoirist — the 'slop' debate isn't really about good writing, and you know it

Publishers pack AI workshops, then use it internally, all while punishing authors who dare to do the same. The double standard has to stop.

Fortune

The future of work question that even CEOs can't answer

AI isn't coming for our jobs. It's coming to our jobs. We see data scientist demand jumping and 73% of employers still can't find skilled talent.

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