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The Latest Breaking News from Fortune

Elon Musk says Trump's 'Big, Beautiful Bill' could spell disaster for America. Here are its biggest pain points, according to critics

While President Trump is banking on his “Big Beautiful Bill,” members of the Republican Party remain conflicted over key aspects of the massive piece of legislation.

Fortune

Zillow CEO Jeremy Wacksman hits back at antitrust lawsuit claiming market abuse

Also: All the news and watercooler chat from Fortune.

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Fed official sees July rate cut 'unlikely,' sticking with Powell's view that coming months will be moment of truth for tariffs' effect on inflation

Officials at the Federal Reserve believe the impacts of Trump’s tariffs on the economy will start to appear this summer.

Fortune

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North Korean operatives and American accomplices accused in massive fraud that infiltrated the Fortune 500 and stole millions

The Justice Department, in a series of indictments, has laid out the use of front companies as a way to further the North Korean IT worker scheme.

Fortune

Mark Zuckerberg overhauled Meta’s entire AI org in a risky, multibillion-dollar bet on ‘superintelligence’

Helmed by Alexandr Wang, Meta’s newly created Superintelligence Labs unifies the company’s sprawling AI efforts and raises the stakes for rival AI firms.

Fortune

Stock market closes out chaotic quarter on a high note as S&P 500 notches another new record

"We think that the high level of uncertainty, which notably stems from Trump’s chaotic policymaking, will prevent the S&P 500 from rising as quickly as it has recently."

Fortune

Longtime Bessemer investor Mary D’Onofrio, who backed Anthropic and Canva, leaves for Crosslink Capital

D’Onofrio will lead Crosslink’s crossover fund, where she will focus on AI vertical software and infrastructure, making a small number of “high-conviction” bets.

Fortune

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This summer will be decisive for the economy and Wall Street

More fiscal sticker shock could send Treasury yields higher and add more pressure on the dollar, which is already down 10% this year, its worst first-half performance in more than 50 years.

Fortune

Ford workers told their CEO 'none of the young people want to work here.' So Jim Farley took a page out of the founder's playbook

Ford founder Henry Ford decided in 1914 to more than double factory wages to $5 a day, jump-starting the American middle class.

Fortune

When your AI assistant writes your performance review: A glimpse into the future of work

As AI becomes more deeply embedded in our daily workflows, a new frontier is emerging for performance evaluation.

Fortune

Look out, Starbucks: Luckin Coffee, the biggest coffee chain in China, is opening its first U.S. locations

A battle is brewing.

Fortune

Warren Buffett donates another $6 billion in Berkshire Hathaway shares—with the lion's share going to the Gates Foundation

The Gates Foundation is the biggest beneficiary this time around.

Fortune

Lowe’s CEO warns young workers to stay away from the corner office: ‘AI isn't going to fix a hole in your roof’

The home-improvement retail executive has a reminder for Gen Z: Human-facing jobs are not on the AI chopping block.

Fortune

Robinhood plans to launch its own blockchain, offers 'Stock Tokens' in EU

The online brokerage continues to expand its crypto footprint after laying out nearly $400 million for two recent crypto acquisitions.

Fortune

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Serena Williams' secret to success is about more than talent: You have to grind 'every day'

The 43-year-old tennis icon says humility and perseverance are key to success, echoing other leaders like Brian Niccol, Steve Jobs, and Mark Cuban.

Fortune

GoFundMe Exec on women’s philanthropic giving and the platform’s new investment product

GoFundMe is launching Giving Funds, a type of donor-advised fund.

Fortune

What a 35-year CEO tenure reveals about adaptability, succession, and staying sharp at the to

Aflac’s Dan Amos has outlasted market cycles, activist investors, and generational change

Fortune

87% of business leaders think AI agents will force companies to redefine performance and upskill their human workers

“As employers, we have a responsibility to help prepare current and future workers for the transition to a new era of work.”

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Fortune

New York’s tech elite are melting down over the election of Zohran Mamdani. Is the city destined for a San Francisco-style rebellion?

Tyler Winklevoss and Garry Tan joined in the chorus decrying the victory of the 33-year-old socialist.

Fortune

Tesla’s robotaxi service launched last week—but wagers on Polymarket are set to expire worthless

Currently $7.2 million in bets have been placed on Polymarket, but the probability of the service qualifying as a success is approaching zero with hours left on the clock.

Fortune

How AI shopping agents are reshaping online retail

A new Fortune report discusses how the dominance of major retailers could be disrupted by ChatGPT and Perplexity.

Fortune

What Bank of America’s CEO values most when hiring his inner circle

Bank of America CEO Brian Moynihan shares his playbook for lasting leadership.

Fortune

‘A strange calm’ has settled over the markets as investors ignore the risks ahead

Investors appear to be expecting either a tariff deadline extension or Federal Reserve rate cuts to support stocks.

Fortune

Diane Brady talks to economist Nouriel Roubini, Carlyle's David Rubenstein, and Kraken's Arjun Sethi

Also: All the news and watercooler chat from Fortune.

Fortune

Stock futures signal fresh highs as tax cuts advance in Senate while Trump balks at extending tariff deadline

Wall Street will begin a holiday-shortened trading week after the S&P 500 and Nasdaq notched new record highs on Friday.

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