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The Latest Breaking News from Fortune

Wall Street dumped nearly $1 trillion in tech stocks by midday—then bought peanut butter and paint

A midday rout in the “Parabolic 7” chipmakers reversed by the close as money fled into the market’s dullest corners.

Fortune

Hyatt says AI is saving salespeople a full day of work every week

As companies move beyond AI pilots, Hyatt says the technology is delivering measurable business results.

Fortune

America’s grid is reeling. General Motors offers itself as a distributed utility in disguise

As AI data centers strain the grid, GM wants to turn its EVs and batteries into a solution. Ford has a simpler plan—and the two Detroit rivals are betting on very different futures.

Fortune

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Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race

The U.S. must build much more power, storage, and better utilize the existing grid in order to keep the AI boom moving at pace, said Tesla cofounder and Redwood Materials boss JB Staubel at the Fortune Brainstorm Tech conference.

Fortune

FIFA says 'market rates' explain World Cup prices. Economists say the market was rigged by design

FIFA launched its own resale marketplace and collects 30% on every ticket resold. Economists say it was designed to extract revenue at every stage.

Fortune

Why are AI bills exploding? Sara Hooker says companies are deploying armies of agents that aren’t actually learning

After years of pursuing ever larger models, AI leaders are increasingly focused on efficiency, adaptability, and the rising cost of inference.

Fortune

‘Not an Allbirds Moment’: Xbox’s CEO says she is grounding the console in gaming roots, not AI

Since stepping into the Xbox CEO role, Asha Sharma has preached a "return of Xbox."

Fortune

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BP's new CEO Meg O'Neill rips up the energy giant's playbook—and the 'green' era with it

O’Neill, who took over on April 1, is the only woman to serve as CEO of a traditional Big Oil supermajor in Europe or the U.S.

Fortune

Should Americans get an equity stake in AI?

In an unusual cross-ideological convergence, Trump and progressive Democrats like Bernie Sanders are both floating some form of public equity in AI.

Fortune

‘Getting control where we can’: Europe wants sovereign AI, but most of the chips are from the U.S.

At Fortune Brainstorm Tech, Mistral’s Timothée Lacroix made the case for European control over the AI stack.

Fortune

A $200 million Boomer estate, millennial heir Nick Reiner, and the dark side of the Great Wealth Transfer

The fight over a trust is a grim preview of what happens when the largest inheritance in history runs into a family at war.

Fortune

Anthropic releases its first Mythos-class model to the public

Anthropic first announced Mythos in April, calling it a “step change” in capabilities, but opted to tightly control its rollout through an initiative called Project Glasswing.

Fortune

'We are rapidly running out of time' Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

Trustees now project the retirement fund will be depleted in 2032 and the combined system in 2034, putting pressure on the 2026 Senate class to act.

Fortune

Grimes says AI can make music, but humans must still tell the story

The singer-songwriter debated the future of musical artists in the age of AI.

Fortune

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Fortune

Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO Meg Whitman

Meg Whitman, former head of eBay and HP, and Tubi CEO Anjali Sud offered advice on how to scale a company.

Fortune

Palantir CEO Alex Karp says executives who brag about their AI cuts might as well 'sign up for the Bernie Sanders manifesto'

Billionaire Palantir CEO Alex Karp has a message for Silicon Valley executives touting AI-driven job cuts: Don’t be surprised if workers turn against you.

Fortune

The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

Fortune

Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’

Blackstone billionaire Stephen Schwarzman has given over $1 billion to charity. He credits his grandfather—and now plans a top-10 AI-focused foundation.

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Fortune

Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox

The Gen Alpha are making money from their online hobbies and managing multiple streams of income from just 13 years old.

Fortune

Lockheed, Palantir and Amazon helped fund Trump's White House ballroom. They also share more than $50 billion in federal contracts

Lockheed Martin alone received roughly $43.8 billion in new or expanded contracts.

Fortune

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

Matt Damon teamed up with Water.org and companies like Starbucks, Gap and Amazon to donate portions of their profit to the organization.

Fortune

Current price of oil as of June 9, 2026

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

Fortune

Merlin CTO: autonomy can rebuild the foundation of aviation — and national security

Autonomous systems aren't replacing pilots—they're the next crew member, one that never gets tired and never has a bad day.

Fortune

The startup that's dressing up crypto for Wall Street raised $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital

Morpho’s founders want to bring DeFi mainstream.

Fortune

I founded McKinsey's CEO practice: Here's why operational excellence is a liability right now

Carolyn Dewar has advised hundreds of CEOs. She says the execution discipline that rewarded leaders for a decade is now holding them back.

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