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The Latest Breaking News from Fortune

Filling up your car won’t feel normal until next summer, S&P says

A ceasefire between the U.S. and Iran could end the largest oil market disruption in history—and a full return to normal will take time to materialize.

Fortune

Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

Fortune

Make no mistake: the U.S. now has a licensing regime for frontier AI

With its decision on Anthropic's Mythos and Fable, the Trump administration has created a de facto licensing regime that throws into question the trajectory of frontier AI development.

Fortune

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PayPal winds down venture arm as fintech giant restructures under new CEO

The fintech is exploring the sale of parts of its portfolio on the secondary market.

Fortune

'Making China the elephant in the room': The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say

With U.S. export controls on Anthropic boxing out allies and China controlling the minerals behind clean energy, the summit's AI and trade goals might be stymied.

Fortune

Dollar swaps were once emergency lifelines for foreign powers. Trump could leverage them for political favors

The administration is turning emergency dollar lifelines into geopolitical favors. Economists say that bargain could come at a steep cost.

Fortune

Welcome to the summer of 'Butter Yellow,' the shade of consumer anxiety

Soft palettes, nostalgic spending, and what America's newest aesthetic obsession reveals about the economy underneath.

Fortune

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Elon's super currency: SpaceX' surging stock paid for the $60 billion Cursor acquisition in just a few hours of trading

SpaceX's stock appreciated by the entire $60 billon price of Cursor in just a matter of hours on its first day of trading, showing the power of Elon Musk's new acquisition supercurrency.

Fortune

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

Fortune

College students are voting with their feet on AI. Goldman has the receipts

If you were a student right now, what major would you choose?

Fortune

Robinhood announces it will reduce headcount by 10%, CEO seeks to avoid ‘heavily-layered’ organization

Robinhood is cutting hundreds of jobs even as profits rise and new products like prediction markets help bolster growth.

Fortune

Kevin Warsh's first Fed test is here: He must navigate hawks 'on the offensive' and Wall Street's hunger for details on regime change

Warsh has been in post for a number of weeks now, but for the first time this week, elements of his must-anticipated policy stance will be made public.

Fortune

Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

“Frontier intelligence should not … be subject to withdrawal by a handful of rules at any moment,” Z.ai, a Chinese AI developer, wrote on social media.

Fortune

The CEO of $3 billion Michaels tells young workers to quit daydreaming and take risks because ‘the universe rewards doing things in action’

Michaels CEO David Boone tells new grads that “the universe rewards doing things in action versus analyzing and thinking about things.”

Fortune

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Fortune

Anthropic’s IPO pitch has a new problem: The government can shut it down

“Heck yeah there’s regulatory risk,” said David Linthicum, a longtime cloud analyst.

Fortune

Anthropic shutdown ignites calls for sovereign AI across Europe

Washington’s decision to cut off access to Anthropic’s newest frontier AI has forced Europe into a reckoning.

Fortune

AI won’t transform your business—until you redesign work itself

Simply implementing AI solutions will not be enough to bring about organizational change. The real shift occurs when work itself is redesigned—and most companies are getting it wrong. Here’s a six-step playbook from WPP’s head of human-AI strategy

Fortune

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

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Fortune

Exclusive: Voice AI startup Bland raises $50 million after being rejected by 180 investors

Isaiah Granet turned a Y Combinator rejection streak into a nine-figure funding story by betting that AI won't replace the phone—it will answer it.

Fortune

No country for rich men: 6 out of 10 wealthy Americans want to pull a Clooney and pack their bags

It's not about politics. Life in America is too expensive.

Fortune

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

Four generations have four different "generational contracts," research from O.C. Tanner found. It comes down to a question of belief in the system.

Fortune

Current price of oil as of June 16, 2026

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

Fortune

Why accounting may look completely different by 2040

AI, increasing regulatory complexity, and a looming "silver tsunami" are reshaping the skills required for success in accounting.

Fortune

Exclusive: How college photo-sharing app Swsh became an AI-powered fan data business backed by Scooter Braun

The startup has raised a $4 million seed round to help artists and brands turn fan-generated photos into marketing data.

Fortune

IBM’s $17 million DOJ settlement makes the case for civility

The IBM settlement isn't just a legal story—it's a governance warning. The same pressure points the DOJ targeted are where workers feel the least civility.

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