The Latest Breaking News from Fortune

"There’s no question that in many of pockets of the Sun Belt—the epicenter of U.S. single-family homebuilding—buyers have gained a considerable amount of leverage," ResiClub's Lance Lambert told Fortune Intelligence.

“The textbook idea that the S&P 500 gives you a diversified exposure to risk is just simply no longer the case,” Apollo economist Torsten Sløk told Fortune.

The world’s second largest carmaker slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S. import duties totaling roughly $1.4 billion.

Artificial intelligence and Big Tech may dominate financial headlines, but another trend is capturing the wallets of Gen Z and millennial men: Pokémon cards.

Sundar Pichai, CEO of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), has officially joined the ranks of billionaires, with his net worth reaching an estimated $1.1 billion. However, a closer examination reveals that the Google chief could have seen his fortune swell by an additional billion dollars had he chosen to hold onto…

Autonomous vehicle (AV) technology is mature enough to scale, but it takes time for people to adjust to and accept it.

Also: All the news and watercooler chat from Fortune.

The investment banking saga continues as Citigroup asks new analysts to disclose future job offers.

“Industry really needs to be a leader in this space, but academia does, too,” said Stanford’s Russell Wald at the Fortune Brainstorm AI Singapore conference.