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The Latest Breaking News from Fortune

Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it

"That was hawkish Kevin talking," according to the "Fed whisperer," Jon Hilsenrath.

Fortune

The G7 just pledged to break China's rare earth grip — there’s a lot of work to do

Seven of the world's largest economies want to cap China's rare earth dominance at 60% by 2030. Experts say "it's definitely a bold target."

Fortune

How surging gold prices led to the biggest jump on this year's Southeast Asia 500

Surging gold prices helped lift Indonesia's Hartadinata Abadi up 115 places on the Southeast Asia 500, as investors flocked to the safe haven asset.

Fortune

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Vanguard's alarming state of retirement in 2026: The average American has $167,970 in their account—or they have $44,115

It depends on who you ask—and who you are.

Fortune

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

A new study from Pew Research found that more heterosexual parents are holding full time jobs, even as they're expected to be more involved at home.

Fortune

PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades

Roelof Botha, who spent more than two decades at VC firm Sequoia Capital, first worked with Elon Musk at PayPal.

Fortune

Biden's flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result

When the government hints at doing something big, like canceling student loans, people start acting as if it's already happened, even if it's not guaranteed.

Fortune

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Kevin Warsh's first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don't expect many details on when

The Federal Open Market Committee (FOMC) held rates steady at the first meeting chaired by Kevin Warsh.

Fortune

Tokens are getting cheaper, but companies are spending even more on AI as a result, top economist warns

Tokenmaxxing may be over, but experts still have concerns about ballooning AI spend.

Fortune

‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less

The Amazon founder bets AI will create a labor shortage, not a doomsday, as he debuts Prometheus, his $41 billion startup reengineering the physical world.

Fortune

One of the most powerful El Niños on record cost the world economy $5.7 trillion. The 2026 cycle might be even stronger

El Niño is here. Prepare for higher food prices, throttled trade, and a “systemic shock” to the world economy.

Fortune

Sam Bankman-Fried’s pardon bid faces bipartisan pushback in Congress: ‘Keep him locked up’

Sens. Cynthia Lummis and Ruben Gallego submitted a resolution that opposes a presidential pardon for the notorious crypto fraudster.

Fortune

Brinker's CIO spent years rebuilding restaurant tech. Now, the Chili's operator is ready for a bite of AI

Brinker's CIO joined in 2024 and spent two years fixing Wi-Fi, iPads, and other gadgets needed to run restaurants more efficiently. Now, he's ready for AI.

Fortune

A 21-year-old cofounder’s sales pitch to clients begs them to question the company’s results: ‘Do not trust us. Do not trust our model’

Ned Koh, the founder and president of Aaru, said the AI startup’s ability to predict outcomes better than human-led survey data speaks for itself.

Fortune

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‘I have nothing to lose’: Perplexity CEO says fear of failure is ‘the stupidest thing’ holding you back

When fear of failure strikes, Aravind Srinivas, the CEO of AI giant Perplexity, reminds himself that just having a job was once the bar for success.

Fortune

Kevin O'Leary slams work-life balance, saying it's complete nonsense and founders should work '25 hours a day, 8 days a week'

The Shark Tank star, who sold his startup to Mattel for $4.2 billion, told Harvard Business School's The Founder Mindset podcast there's "no balance" in a company's first 36 months.

Fortune

Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars

Before leading Google to a $4.5 trillion empire, Sundar Pichai had to rally his Chrome team after a public jab from Microsoft's CEO.

Fortune

Current price of oil as of June 17, 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

Exclusive: Karta raises $15 million to bring WhatsApp-run U.S. credit cards to global travelers

The Miami-based startup is building a WhatsApp-first premium card for non-U.S. clients, to replace a once-popular AmEx product.

Fortune

Exclusive: A 21-year-old Stanford grad just raised $11 million to put a hormone lab on your wrist

As Oura and WHOOP expand into women's health, startup Clair Health has raised $11 million to build a wearable designed from the ground up to continuously model hormonal cycles.

Fortune

CFO pay surged 8% last year—and long-term incentives now account for 63% of the average package

Most CFOs still earn only about a third of the top job’s package.

Fortune

Michael Burry is ‘tempted’ to face Elon Musk’s wrath, but says SpaceX put options aren’t enticing enough for ‘fundamentally a small space company’

“I am not involved with SpaceX now. Neither short nor, ahem, long,” wrote Burry.

Fortune

Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time

Financial statements show a colossal $659 million was spent making “Jurassic World: Dominion”—more than Disney spent on its “Star Wars” franchise.

Fortune

OpenAI’s balance sheet remains the most mysterious—and consequential—in business

A combination of blogger Ed Zitron and the Financial Times reported that OpenAI’s 2025 financials look, well, pretty rough.

Fortune

Cohere CEO on G7 leaders' choice: sovereign AI or digital serfdom

Dependence on a handful of centralized AI providers is the digital equivalent of relying on a single nation for oil.

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