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The Latest Breaking News from Fortune

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits.

Fortune

MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing

Scott signed the Giving Pledge in 2019 and has since given away 46% of her net worth.

Fortune

‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy

“You can’t find another China. There’s no other China out there now," Greater China chair Joe Ngai says.

Fortune

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BofA on the ‘fundamental disconnect’ in the housing market: You’re blaming the wrong person for why you can’t afford a home

"Affordability is a key voter issue, but proposals to fix structural supply shortages are politically unpopular and lack short-term payoffs."

Fortune

Union Pacific CEO responds to Trump idea for U.S. stake in $71.5 billion railroad mega merger: ‘We do not need anybody’s help to do this’

Union Pacific's CEO Jim Vena said he's not had any direct conversations with Trump about the government acquiring a 15% stake in the pending UP-Norfolk Southern merger.

Fortune

World’s largest sovereign wealth fund backs push for Google oversight use of its cloud, AI tech

A coalition of investors managing $1.15 trillion is pressing Alphabet to explain how it monitors government use of its cloud and AI services.

Fortune

AI anxiety is mostly a blue state problem. Democrats have 5 months to figure out how to use that to their advantage

AI-exposed workers are concentrated in Democratic strongholds and swing states. That's either the party's biggest opening in the midterms—or its biggest vulnerability.

Fortune

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SpaceX and Anthropic are about to go public—and your 401(k) may be forced to buy in

The dot-com guardrails are being dismantled just as SpaceX and Anthropic go public, experts warn. Your retirement account could feel it.

Fortune

Suno is now worth $5.4 billion. But is AI music really becoming a mass-market behavior?

From birthday songs to hospice tributes, Suno is finding real-world uses for AI-generated music. Whether that translates into a sustainable multibillion-dollar business is less clear.

Fortune

Walmart CEO John Furner worked his way up from the garden center. After 30 years, he’s sharing the one trait that matters most in his job

After rising from hourly associate to CEO, Walmart’s John Furner says embracing change was key—a view shared by execs at Macy’s, Xerox, and Informatica.

Fortune

What Christie's $1.45 billion blockbuster art auction tells us about the 'Great Wealth Transfer'

Some $1 trillion worth of art will change hands over the next decade.

Fortune

A dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500's best shareholder return

“They've been the best company I've ever worked with in 45 years,” EchoStar president and cofounder Charlie Ergen said of SpaceX.

Fortune

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.

Fortune

Gen Zers are more disconnected and distrustful of coworkers than their older colleagues—and they’re so lonely they’re taking days off work

Thanks to the pandemic, Gen Z workers missed out on the “in-office rituals”—and now they’re so isolated it’s hurting their careers.

Fortune

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Fortune

Asia turns to U.S. oil and gas amid Iran war: 'We get too much into that tree-hugging mode'

Singapore looks to U.S. supplies as it builds out its natural gas importing infrastructure.

Fortune

Amazon and Google have billions riding on Anthropic. The IPO will finally reveal how much.

Anthropic, valued at $965 billion, has filed confidentially for an IPO. Amazon and Google, two of its early backers, stand to be among the biggest winners

Fortune

I bought peptides with crypto. How my purchase helped fuel a $100 million gray-market, ‘looksmaxxing’ economy

Some of the China-based sellers have pivoted from fentanyl to peptides.

Fortune

Scott Bessent says America's in a 'manufacturing renaissance' and Wall Street largely agrees. So where are the jobs?

He's not alone. Apollo Global Management Chief Economist Torsten Slok thinks we're living through an "industrial renaissance."

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news in one place.

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Fortune

Jamie Dimon sees 'gung-ho' attitude and 'exuberance' in markets — just like 1972, 1986, 2000 and 2007. Uh Oh.

The JPMorgan CEO sees something funny going on with borrowed money: "Corporations, it's just not all automatically, they're all geniuses all of a sudden."

Fortune

Ray Dalio warns the stock market is approaching 1929 and 2000 bubble levels—but another crisis is 'past the point of no return'

The Bridgewater Associates founder compared the situation to "plaque in the circulatory system, squeezing out the flow of blood."

Fortune

Melinda French Gates has a message for billionaires who are afraid to act

"I'm trying to send a signal," the philanthropist says of her support for women's mental health and midlife care.

Fortune

Current price of oil as of June 4, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Why SpaceX is breaking the IPO playbook with a $75 billion fixed-price offering

SpaceX's approach could set the tone for the next wave of AI listings.

Fortune

BT CEO on why telecoms needs “more strikers”

Allison Kirkby explains why telecoms needs cultural relevance, stronger infrastructure investment, and leadership that delivers real impact.

Fortune

What Alix Earle knows about business that many of my Harvard Business School students don't get

The 25-year-old creator-turned-founder didn't have an MBA or a decade of experience. She had a rare insight.

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