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The Latest Breaking News from Fortune

The American Dream is alive and well: The number of 'everyday millionaires' is soaring, with over 1,000 people joining the ultrawealthy club daily

More Americans are millionaires thanks to strong real estate markets, rising stock values, and 401(k) investments—and after the $83 trillion great wealth transfer, there will be even more.

Fortune

How airlines are navigating the Israel-Iran conflict

More than 1,000 flights have been canceled worldwide since Monday, the latest hurdle in the airline industry's already difficult year.

Fortune

Nonfinancial inheritances: When you plan your estate, beware of this common oversight

It’s easy to cause a family falling-out by forgetting to say who gets important sentimental items like jewelry and recipe books.

Fortune

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How to lead when machines can do everything (except be human)

Leadership is becoming less about workflows and more about fitting humans and technology together.

Fortune

14-time Olympic medalist Katie Ledecky encourages Gen Z grads to set goals—but don’t always expect to achieve them: ‘You don’t have to win the race’

The world-record-holding swimming star warned Gen Z grads that focusing too much on beating others can actually backfire.

Fortune

Could protein powder worsen your gut health?

People on social media have complained protein powder is causing excessive gas and bloating. Here's what experts think.

Fortune

Newly minted PhDs in AI nabbing six- and seven-figure paydays

This is possibly problematic for academia.

Fortune

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Original Thomas Jefferson letter will go up for auction on July 4

"These are wise words, enterprising men quote 'em. Don't act surprised, you guys, 'cause I wrote 'em!"

Fortune

Informatica CEO: How to future-proof your career in the age of AI

Employees need to raise their AI IQ and exercise more left-brain thinking, says Amit Walia, to survive workplace upheaval.

Fortune

E-commerce powerhouse Julie Bornstein unveils Daydream—an AI-powered fashion shopping agent that’s 25 years in the making

"This is very much the culmination of everything I've seen and done," Bornstein said. "I've just been waiting for the technology to catch up."

Fortune

Consumer AI is being transformed

What was good enough six months ago isn't good enough for consumers today.

Fortune

Singapore VC Granite Asia leads $60 million funding round for AI ‘data foundry’ Centific to fuel global expansion

“This funding round isn’t about necessity—it’s about ambition,” CEO Venkat Rangapuram said in a statement.

Fortune

Parents are sacrificing retirement, taking second jobs, and liquidating investments just to afford college for their kids

More than 60% of parents say they’re delaying retirement to pay for college.

Fortune

The chief people officer of ServiceNow says new hires face a few key pitfalls—and offers some critical advice

Show up in person and don’t be afraid to bring new ideas.

Fortune

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Fortune

Tesla’s market share in Europe falls in May despite booming EV demand, but pace of descent slows

Market demand for Tesla EVs in Europe could be building a bottom after the brand suffered only a 28% drop last month.

Fortune

Snap president on the ‘impersonal email’ mistake that transformed his leadership journey

When working for Google, Ronan Harris had an idea to inspire his troops—which was swiftly torn apart by his father and led to a huge shift in his management style.

Fortune

The three issues keeping Fed Chair Jerome Powell up at night

The Federal Reserve is currently taking a wait-and-see approach regarding interest rates.

Fortune

Ken Griffin says if you can’t read a book about your profession it’s time to pick a new career

Citadel founder and CEO Ken Griffin told graduates there’s no shame in switching careers if they’re not truly interested in their field.

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Fortune

Oil down, hopes up, ‘risk-on’: Stocks are back near their all-time highs

“Financial markets have priced in an Iran-Israel ceasefire holding,” UBS’s Paul Donovan told clients this morning.

Fortune

Trump says China 'can now continue to purchase oil from Iran'—but he hopes Beijing will buy U.S. crude instead

China currently buys around 90% of Iran’s oil exports.

Fortune

U.S. regulators are circling after Tesla’s Robotaxi launch included unexpected behavior and potentially broken traffic laws

The U.S.’s highway safety agency reached out to Tesla after several attendees posted videos of the Tesla vehicles acting erratically.

Fortune

Exclusive: Uber and Palantir alums raise $35M to disrupt corporate recruitment with AI

Metaview’s founders say: "Amazing companies are still fundamentally relying on shards of memories that people have of these human-to-human interactions".

Fortune

Private equity promised M&A boom—but world is still waiting

Tariff uncertainty has stifled any dramatic surge in dealmaking, despite signs of life in May.

Fortune

Like Starbucks and Chipotle's CEOs, this $450 million AI boss lifts weights to destress from the top job—he’s trying to join the 1,000 pound club

David Shim, cofounder and CEO of software company Read AI, lives in a one-bedroom Seattle apartment and says a Nintendo game he played at 10 years old shaped his business strategy.

Fortune

New JPMorgan survey finds rising recession fears at mid-sized firm

One quarter of C-suite execs predict a recession, though most are bullish about their own business

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