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The Latest Breaking News from 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

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‘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.

Fortune

Zohran Mamdani doesn't think there should be billionaires but would work with them as NYC mayor and denies being a communist

"I don't think that we should have billionaires, because, frankly, it is so much money in a moment of such inequality," Mamdani said.

Fortune

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Trump says U.S. could send letters setting tariff rates rather than extend deadline—‘Dear Mr. Japan, here’s the story’

“I’m gonna send letters. That’s the end of the trade deal.”

Fortune

Bitcoin and crypto investors hit with flood of IRS letters, say tax experts

Crypto tax platform CoinLedger cites a ninefold increase in users asking about IRS letters.

Fortune

Investors fled U.S. bond funds, but Treasuries may get relief

The Federal Reserve has moved to boost bank participation in the bond market.

Fortune

‘Twilight’ superfans bought Bella Swan’s house for $360,000—now they get $140,000 a year in gross revenue renting out the ultimate collector’s item

"Twilight" captured the hearts of millennials in 2008. Now, 17 years since its release, its fans are all grown up with "big-boy money"—and one couple is crashing Airbnb with the listing.

Fortune

Wealthy people are going to keep getting richer, say analysts, but a rise in 'luxury shame' will mean they'll try to hide it

In the financial crisis American consumers stopped showing their wealth off because they were “ashamed,” one expert tells Fortune, and this may come around again.

Fortune

Like Gen Z, Billie Jean King says manifesting really works: ‘If you think you're a failure, you'll fail. If you think you're a winner, you'll win’

The former world No. 1 women’s tennis player, BJK, says our thoughts make all the difference for success—but there's a strategy behind it.

Fortune

This Gen X CEO has only worked at one company for 35 years—she says job-hopping Gen Z are not putting enough energy and time into their current gigs

Staying curious—and not worrying about what’s coming in 10 years—has been part of ACT CEO Janet Godwin’s secret for success.

Fortune

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A shadow Fed chief could lead to a ‘revolt’ at the FOMC against Powell’s successor, former vice chair warns

“If he or she contradicts what Powell is saying, that will aggravate the FOMC, almost all of whose members will still be there when the new chair takes over.”

Fortune

Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates

The latest Case-Shiller home price report showed a 0.3% monthly fall in the 20-city index in April, steeper than March's downwardly revised 0.2% dip.

Fortune

The first Tesla just drove itself from its factory straight to the customer

An Austin official told Fortune it had no choice in the matter: “The City does not have the authority to regulate these vehicles.”

Fortune

This overlooked risk to financial markets usually lurks quietly under the surface. But now it’s ‘shouting, not whispering’

“It’s a setup that works fine when confidence is high, but in shaky times like 2025, it can become a pressure cooker.”

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news in one place.

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Fortune

Goldman Sachs warns tariffs won’t help the U.S. boost manufacturing productivity as tech in American factories continues to lag

Manufacturing productivity is slumping. Tariffs can’t reverse that—but AI might.

Fortune

Photos: Big brands are pulling out of Pride. Here's how their involvement has changed over the years

Corporations began getting involved with Pride in the 1990s, about two decades after the first Pride march.

Fortune

A self-described democratic socialist could be NYC’s next mayor, and the ultrarich are in revolt: It’s a ‘hot commie summer’

Dozens of billionaires attacked Zohran Mamdani for his policies on rent freezes and city-owned grocery stores.

Fortune

Victoria’s Secret hired a superstar CEO to turn around the flagging brand. But a 50% stock drop has activist investors circling

CEO Hillary Super was brought on 10 months ago to revive the lingerie brand after years of falling profits and leadership scandals.

Fortune

Consumers saw a double whammy of bad news in May, pulling back on spending as inflation heated up

The economic bad vibes are hitting home.

Fortune

Filipino politicians share deepfake videos in a battle over impeachment: ‘Even if it’s AI...I agree with the point’

Allies of Philippines Vice President Sara Duterte shared a viral video of AI-generated characters last week in to defend her from a looming impeachment.

Fortune

Ford CEO Jim Farley says Waymo’s approach to self-driving makes more sense than Tesla’s

Farley says that lidar is “mission critical.”

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