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Fortune
Fortune
June 7, 2026
SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
"Selling flows in recent winners and levered products from retail to invest in SpaceX could be very large."
Fortune
June 7, 2026
Trump says Fed rate increase would be wrong ahead of Warsh debut
“I’m living with Kevin. I have a lot of respect for him, but my feeling is that when a country is doing well, they shouldn’t be penalized by...
Fortune
June 7, 2026
Trump calls Iran war a ‘military exercise’ even as Hormuz fighting heats up and denies promising no new wars
"First of all, I didn't guarantee no war," Trump claimed. "Why would I have built the strongest military in the world?"
Fortune
June 7, 2026
OpenAI readies ‘superapp’ pivot ahead of planned IPO, FT reports
The strategy is being driven by the conviction that the future of AI belongs to autonomous agents capable of executing complex, multi-step t...
Fortune
June 7, 2026
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’
“With a great Jobs Report, like just announced, stocks should go up, not down," Trump posted. "That's the way it was for 200 years. Growth d...
Fortune
June 7, 2026
AI’s mega stock deals raise specter of more shares than buyers
“This is something that we haven’t seen in such a scale and in such a short time. It’s a huge supply event.”
Fortune
June 7, 2026
Banks lay groundwork for mass workforce cuts as AI takes hold
Banks are cutting junior analyst classes by as much as two-thirds while sourcing roughly 62% of their AI talent from those same cohorts.
Fortune
June 7, 2026
U.S. and Iran appear far from peace deal 100 days since war began
The past week saw the worst flare-up in tensions since the truce started around April 8.
Fortune
June 7, 2026
Repair Cafes, the Buy Nothing Project and tool libraries are part of an anticonsumerism trend rejecting mass-produced disposable goods
“Even if Repair Cafes can’t solve the problem alone, then still they are a very clear sign that change is needed on a much higher level.”
Fortune
June 7, 2026
Consumers look resilient on the surface, but $4 gas was a tipping point and Costco members are filling up more often in case prices go even higher
“Gas is a kind of catalyst. It trickles down into the entire budget. We’re trying to keep everything as normal as possible. But it’s startin...
Fortune
June 7, 2026
Trump will be the first sitting president to attend an NBA Finals game. But New Yorkers love the Knicks more than they love him
Trump is making a rare trip back to New York City as president to cheer for them in Game 3 of the NBA Finals against the San Antonio Spurs o...
Fortune
June 7, 2026
America turns 250. Its greatest innovation was never a product — it was a system that let anyone build one
What made America exceptional wasn't its resources or its pedigree — it was the radical decision to trust individuals to build without askin...
Fortune
June 7, 2026
‘The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money
They followed the script—work hard, buy a house, save for retirement. Now millions of boomers feel trapped
Fortune
June 7, 2026
This Gen Zer got reprimanded at Goldman for making cake videos as the ‘Investment Baker.’ She quit her job and is building a dessert empire
Allison Sheehan left her full-time job as a Wall Street wealth manager to scale her cake business, with a CPG brand on the horizon: Alleycat...
Fortune
June 7, 2026
High-earning millennials and Gen Zers feel broke and conflicted: ‘I make a good salary, I shouldn’t be struggling this much’
Just 16% of U.S. adults say they feel financially fulfilled, and experts say the anxiety gripping everyone else often has little to do with...
Fortune
June 7, 2026
Retiring at 62 costs the average American $250,000. Here’s the math (and the neuroscience) that explain why
Longevity risk is the retirement crisis no one is talking about enough. An NBER study on cognitive decline just made the financial case hard...
Fortune
June 7, 2026
This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first
In a tight housing market, some Bay Area homesellers believe exchanging their houses for stock will benefit asset-rich tech workers. But tho...
Fortune
June 7, 2026
The short seller’s argument nobody on the coming mega IPO roadshow wants you to make
OpenAI, Anthropic, and SpaceX are pricing in a global AI economy that doesn't exist yet — and their durable money is in São Paulo and Addis...
Fortune
June 7, 2026
How Howie Mandel turned a panic attack into a mental health movement and helped build a company now worth hundreds of millions
Howie Mandel did a campaign with NOCD, a telehealth app to help spread awareness of OCD. Out of that campaign, Billy Bob Thornton and "celeb...
Fortune
June 6, 2026
Illinois joins Ohio in ordering pause on data center tax credits
“Data centers are asking just too much for too little in return, whether it’s electricity or clean water. We can’t let them cause our utilit...
Fortune
June 6, 2026
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
"The attack drones posed an immediate threat to regional maritime traffic," U.S. Central Command said.
Fortune
June 6, 2026
Trump says he supports salary cap for Major League Baseball
“If you don’t have a salary cap you don’t have a sport. Because they can’t help themselves. You know, in sports they can’t help themselves.”
Fortune
June 6, 2026
Oil drilling rises in longest U.S. streak since 2022 on price bump
The number of rigs drilling across US oil fields rose by two this week to 431, according to data released by Baker Hughes Co. on Friday.
Fortune
June 6, 2026
During D-Day speech in France, Hegseth invokes immigration and says ‘When will European capitals do something about that invasion?’
“Beaches in Spain and Italy and Greece and Bulgaria. Boats and men arrive.”
Fortune
June 6, 2026
Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
"Dario and Sam have begun to walk back their claims of massive job loss, but the damage to public trust is done, and now the chickens are co...
Fortune
June 6, 2026
This may be the maximum level of U.S. debt that’s sustainable before interest payments trigger a default crisis that even steep tax hikes can’t fix
"Bond markets unravel sooner when investors believe that the government will not restore fiscal sustainability."
Fortune
June 6, 2026
Marvell Technology, Flex to join S&P 500 later this month
The semiconductor company and the electronics manufacturing firm, respectively, will replace Pool Corp. and The Campbell’s Company.
Fortune
June 6, 2026
Ukraine targets St. Petersburg after Putin refuses talks
Russia, meanwhile, kept up its own attacks on Ukraine. At least 12 civilians were killed and over 70 injured across the nation over the past...
Fortune
June 6, 2026
The Seattle Storm used to be the ‘tail’ on the ‘dog’ of its NBA counterpart. Now the WNBA team is leading the city’s basketball revival
“It's the Sonics and the Storm; it's the Storm and the Sonics,” team co-owner Ginny Gilder said. “It's bread and butter, apple pie and vanil...
Fortune
June 6, 2026
‘That’s the way life goes’: Trump tells Knicks fans who can’t afford tickets to ‘watch it on television’
‘That’s the way life goes’: Trump tells Knicks fans who can’t afford tickets to ‘watch it on television’
Fortune
June 6, 2026
Trump issues pardon to former Republican congressman who made $350,000 in illegal gains from insider trading
Trump cited Buyer’s career as a judge advocate general in the Army and in the House.
Fortune
June 6, 2026
Bernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI
Bernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI
Fortune
June 6, 2026
‘We don’t want to see ‘60 Minutes’ die’: the last 3 correspondents say they’re staying at CBS News
Stahl, Whitaker, and Wertheim stay after four correspondent exits, as Bari Weiss and Skydance reshape CBS News following a $16M Trump settle...
Fortune
June 6, 2026
Trump says ‘situation with Iran seems to be going quite well’ while U.S. shoots down more missiles and drones near Strait of Hormuz
U.S. Central Command said on social media Friday night that Iran fired seven ballistic missiles toward Kuwait and Bahrain.
Fortune
June 6, 2026
Chinese humanoid robots dominate the market with thousands shipped a year. But most are still performative rather than functional
“Without the demand and without that scale from the market, these companies are not able to really go into mass production.”
Fortune
June 6, 2026
These 12 Fortune 500 companies have survived wars, crashes, and over 200 years of U.S. history
Most companies fail within five years—but Molson Coors, Cigna, and JPMorgan Chase have survived for more than 200. Their playbook: Pick the...
Fortune
June 6, 2026
I’ve sold property on California’s Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle
Post-pandemic buyers are redefining “luxury” as self-sufficiency, income-generating land, and permanence—and supply can’t keep up.
Fortune
June 6, 2026
One in five homebuyers is a single woman – here’s what’s driving the shift
Rising incomes, financial discipline and shifting life priorities are changing the market—even as affordability and hidden costs remain majo...
Fortune
June 6, 2026
When good money goes bad: the question SpaceX and OpenAI investors aren’t asking
As OpenAI and Anthropic race to go public at $1 trillion valuations, a foundational business theory warns that money impatient for growth is...
Fortune
June 6, 2026
Elon Musk bullet-proofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla
The CEO will have almost complete control of his Texas-based space company, without colonizing Mars or building a single non-Earth data cent...
Fortune
June 6, 2026
A CEO denied raises to spend money on AI instead. Companies have ‘no idea what they’re going to need in a workforce’ when the AI race is over
Companies may be cutting raises and benefits to create attrition, one expert says.
Fortune
June 6, 2026
SpaceX needs to grow 60x in a decade to justify a $1.75 trillion valuation. No company has ever come close
SpaceX's valuation will set the bar for what the must achieve going forward to reward investors.
Fortune
June 6, 2026
ICC Secretary General: The Hormuz clock that matters isn’t diplomatic
The real clock on the Hormuz closure is agricultural — and by the time the food crisis is visible, the decisions that caused it will be six...
Fortune
June 6, 2026
MAGA hates AI, but Trump agrees with Bernie it might be time for partial government ownership
"You make them a partnership in this revolution," Trump told reporters Friday. "It would be a beautiful thing."
Fortune
June 5, 2026
Markets have worst day since October as tech stocks lead the way down, traders lose hope of rate cut
Nvidia fell 6.2%, Broadcom dropped 7.9% and Micron Technology slid 13.3% for the biggest loss among stocks in the S&P 500.
Fortune
June 5, 2026
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."
Fortune
June 5, 2026
The Class of 2026: Meet the 12 companies making their Fortune 500 debut
From crypto companies to mattress makers, these companies made it in the list’s 72nd year.
Fortune
June 5, 2026
The U.S. is still one of the world’s biggest meat producers. So why are Americans paying so much for beef?
The average price of a pound of ground beef hit a record average retail price of $6.90 last month, up around 19% from a year ago.
Fortune
June 5, 2026
As the World Cup draws millions to 11 U.S. cities, measles—not Ebola—may be the biggest concern
Measles may be the bigger threat partly because it is more contagious, and cases in the U.S. are already rising.
Fortune
June 5, 2026