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The Latest Breaking News from 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.

Fortune

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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

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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

Fortune

Bank of America CEO Brian Moynihan talks about how he shrugged off Trump’s accusations

Also: All the news and watercooler chat from Fortune.

Fortune

A $650 Theragun massager is the crux of an alleged multimillion broken promise between two former friends — 'Dude, my heart just sank to the floor'

A lawsuit in California is seeking damages from Therabody and a correction to two patents held by the company.

Fortune

NATO leaders want to appease Trump, but spending billions more on the defense alliance ‘would be just crazy for Europeans,’ foreign policy expert says

The spending target the military alliance just agreed on is unlikely to be met by all countries, but experts say some members are moving to bolster their defenses in case of a future Russia conflict.

Fortune

Markets rise after ceasefire between Israel and Iran appears to hold

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that the central bank continues to monitor the threat of inflation.

Fortune

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The Fed won’t lower rates like Trump wants because it sees ‘meaningful’ inflation spike later this year

Fed Chair Jerome Powell told Congress he expects an inflation surge—but how long and how high is unknown.

Fortune

AI training is ‘fair use’ federal judge rules in Anthropic copyright case

Training AI on books Anthropic bought is okay, but downloading pirated ones is not, judge says.

Fortune

Crypto market bounces back after President Trump announced a ceasefire between Israel and Iran

The crypto market added 2% to its market cap between Monday night and Tuesday afternoon.

Fortune

Jerome Powell says Fed is ‘on alert’ for possible Iranian cyberattacks because ‘we’re a target as well’

Hackers connected to the Iranian government have a history of trying to attack U.S. government agencies and the financial sector.

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Fortune

Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $300 billion

Steve Jobs and Steve Wozniak are often known as the brains behind the $3 trillion tech giant, Apple, but the company’s original third cofounder sold out early for just $800.

Fortune

The insurance sector is getting onboard with AI. But, like other industries, they are quiet about ROI

Allianz and Axa top a new benchmark index of insurance companies' AI prowess.

Fortune

Goldman Sachs launches an internal AI assistant

Over 10,000 employees have already tested the tool.

Fortune

Summer schooling: 2 million student loan holders could have their wages garnished by the government this summer

That's 800,000 more than initially forecast.

Fortune

Jason Isaacs earned millions from starring roles in ‘Harry Potter’ and ‘The White Lotus’—but he says he has ‘pretty much spent’ it all

The British actor has an estimated net worth of $6 million, earning about $40,000 per episode starring in “The White Lotus,” but he’s spent much of it “immaturely.”

Fortune

I run a $145 billion U.S. energy company. Investing in infrastructure and putting America first shouldn’t divide us

The debate over clean energy tax credits must transcend renewable energy—because much more is at stake.

Fortune

Nvidia CEO Jensen Huang’s success discredits ‘stick to your knitting’ leadership advice

The Nvidia CEO repeatedly tossed out his business plans to embrace disruptive new advances on the frontiers of technology.

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