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The Latest Breaking News from Fortune

LVMH says its wine business took a 12% hit because people are too sad to buy champagne

LVMH CFO anticipates sales volumes will be “less bad” in the second half of the year.

Fortune

Forget the pundits and polls—internet prediction markets anticipated Biden’s withdrawal weeks ago

During the debate, the odds that Biden would drop out spiked from 20% to 34%. They shot up to 70% two weeks before Democrats urged him to step aside.

Fortune

Even Olympians battle impostor syndrome. How one Team USA psychologist is supporting athletes’ mental health in Paris

In helping U.S. athletes stay proud, present, and positive, a former Milwaukee Bucks team psychologist is realizing an Olympic dream of his own.

Fortune

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Exclusive: Chainguard raises $140 million Series C

Chainguard raised its $140 million Series C, led by Redpoint, Lightspeed Venture Partners, and IVP, Fortune can exclusively report. Amplify, Mantic VC, Sequoia Capital, and Spark Capital, all existing investors, also participated in the round. The company’s now valued at $1.12 billion.

Fortune

How Americans can stay safe at the Paris Olympics amid global threats, according to top security experts

The Paris Olympics are a celebration of athletic excellence and global unity. They are also a significant target for those wishing to disrupt security.

Fortune

King Charles stands to get a $58 million profit bump as the sovereign’s public estate has more than doubled

The Crown Estate profits doubled to nearly $1.2 billion this year, and that’s just one part of the British royal family’s $28 billion empire.

Fortune

Southwest and American Airlines earnings preview

An activist firm is pushing Southwest to change its leadership and business model while American unwinds a failed sales strategy.

Fortune

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Leading the charge: These 25 female-heavy C-suites highlight the dearth of women in Europe's boardrooms

Meet the 25 companies smashing the glass ceiling in Europe.

Fortune

The 6 top VP picks for Kamala Harris, ranked from most to least business-friendly

The shortlist of strong contenders for Kamala Harris' vice presidential pick range from a former astronaut to a billionaire.

Fortune

Infosec analysts are desperately needed to stop the next emerging cyber threat—and you could make over $100k

Cyber experts can make over $100k, sometimes without even a degree.

Fortune

Private equity is devouring the economy as boomer entrepreneurs exit—but a new approach to employee ownership can change that

When the employees become owners under an ESOP roll-up, they can directly increase the value of their stock by sharing best practices across companies.

Fortune

Kendra Scott CEO Tom Nolan doesn't like a know-it-all leader

How the publisher of a golf magazine ended up running one of the country's biggest jewelry companies.

Fortune

Want to know Trump’s next Treasury Secretary? Don’t look to Jamie Dimon, but to the people who made Trump money

Donald Trump’s former Treasury Secretary was hedge funder Steven Mnuchin, who earned the former president’s trust by helping him raise of $100 million.

Fortune

Downbeat CEOs worry inflation may prove stickier than anticipated after recent Fed disappointment

Fortune and Deloitte collaborated once more to take the pulse of the C-suite, and responses from CEOs surveyed in June reveal fresh concerns over pricing pressure.

Fortune

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Fortune

AI could become the ‘new steel’ as overcapacity risk goes unnoticed

When various governments intervene to increase capacity, as they have done with steel and may now be doing with AI, we struggle with spillover effects.

Fortune

Joy, a platform that answers parents' questions 24/7, raises $10 million

The platform, called Joy, offers parents live advice on issues like feeding and sleep.

Fortune

Picking a president is different than picking a CEO—but there are a few habits that political parties could learn from corporate America

Just like companies, political leaders should be developing internal talent and keeping an eye on external frontrunners.

Fortune

Donald Trump told the Fed not to cut rates before the election—but Wall Street is convinced he won't get his way

"The market is now pricing in more than two 25-basis-point rate cuts by year-end, including a near-100% chance of a September cut."

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Fortune

As Wiz turns down Google's $23 billion offer, a founder shares his deal regret

“Did we maximize our value? Probably not," says Jyoti Bansal, founder of AppDynamics.

Fortune

Jaguar Land Rover is the world's best electric racing team. Here's how that will shape its EVs

Jaguar Land Rover is developing power trains and battery technology that will soon make its way to its commercial offerings.

Fortune

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday company said it was laying off about 20 employees (out of close to 400).

Fortune

AI could be the best long-term disinflationary force in a challenging global economy

AI-driven efficiencies and even more sophisticated computing will drive the next 20 to 30 years of productivity gains.

Fortune

The SEC bungled a crypto lawsuit. Then came an alleged kidnapping in Dubai—and questions about $400 million of investors' funds

A police report filed in Utah details a strange development in the infamous Debt Box case, where a judge sanctioned the Gary Gensler-led agency.

Fortune

Biden follows a long line of Western leaders who voluntarily surrendered power at the end of a ‘heroic journey,’ says the author of The Hero’s Farewell

The end of a hero's journey is never simple, writes Jeffrey Sonnenfeld.

Fortune

The Fortune 50 Best Places to Live will serve multigenerational families for the long haul

The third annual Best Places to Live for Families list is here.

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