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The Latest Breaking News from Fortune

Kevin Warsh buried an unusual, unhedged promise in his first Fed minutes—and one economist says it's the strongest signal in the document

A former Fed economist says one unhedged sentence in Warsh's shortest-ever statement reveals more than the "family fight" minutes themselves.

Fortune

Bezos' Blue Origin is raising outside capital for the first time to compete for NASA contracts as rival SpaceX’s stock falters

Bezos ramps up his rivalry with Elon Musk over space with the move, letting in institutional investors right as SpaceX stumbles in public markets

Fortune

Cathie Wood just bought the SpaceX dip again—and dumped Alibaba to do it

ARK rolled out of Chinese tech to add to Elon Musk's newly public rocket company, doubling down on a bet it says could be worth $3.1 trillion.

Fortune

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Exclusive: Fi is bringing Starlink satellite technology to dog collars

Fi is launching the first pet tracker powered by SpaceX's direct-to-cell satellites, bringing satellite connectivity to consumer pet tech.

Fortune

Anduril’s billionaire founder warns U.S. colleges are falling behind China—where students are learning AI. And it’s already ‘hollowed out’ companies

Palmer Luckey, a college dropout turned billionaire entrepreneur, says while America teaches kids to dream big, China is teaching them to actually build.

Fortune

Famed investor Jeremy Grantham says history will end up laughing at SpaceX, the 'craziest IPO in the history of man' that just joined the Nasdaq 100

"It will be amazing, by the way, if it doesn’t collapse," Grantham said.

Fortune

Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

Everything you need to know before you reach the office this morning.

Fortune

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Unilever's big World Cup bet is all about building 'desire at scale'

Also: All the news and watercooler chat from Fortune.

Fortune

Asia’s super-aging societies are sparking a boom in high-end longevity clinics—even if 'public enthusiasm' is outpacing the science

A new kind of business—blending hospitality, technology, and traditional practices—is promising to extend not just lifespan, but also 'healthspan'.

Fortune

Billionaires John and Laura Arnold have already donated nearly half their wealth. Now they're funding a hunt for the health risks of sports betting

The foundation John Arnold runs with his wife, Laura, is funding 12 university studies on how online sports betting affects users' finances, mental health, and family life.

Fortune

Meet Canadian investor Bill Holland: Rich enough to retire at 32, but still works and takes public transport

For many people, financial independence marks the end of a working life. For Bill Holland, it marked the point at which a very different career began. He had already earned enough money to stop working before most people had established themselves professionally, yet retirement never appealed for long. As reported…

The Times of India

Presidents aren't supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell

Michael Dell’s company was already riding the AI-server boom. His long history of presidential access now has a Trump-era twist: public praise that moves the stock.

Fortune

Xbox CEO Asha Sharma points the finger at Phil Spencer's strategy for yesterday's sweeping layoffs: 'We simply spread ourselves too thin'

Sharma didn't mention Spencer by name, but said Xbox is struggling because it neglected its "core business."

PC Gamer

Meet the former Goldman Sachs exec who became the America's Cup Partnership's first CEO and is running the 175-year-old trophy like a startup

The oldest trophy in sports is in New York's harbor to celebrate the country's 250th birthday, onboard the "most beautiful ship in the world."

Fortune

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news in one place.

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Fortune

Palantir CEO Alex Karp is paranoid about Anthropic and OpenAI. That doesn't mean he has nothing to fear.

The Palantir CEO says Anthropic and OpenAI deliver no value and 'steal alpha' from customers. Is he right?

Windows Central

Xbox is refocusing on console spending that makes up 80% of its business — while stepping away from smaller game studios

Xbox CEO Asha Sharma has revealed the company's renewed focus on its console business, which reportedly represents 80% of Xbox overall. As part of its wider restructuring, Microsoft is prioritizing consoles and major franchises while stepping away from smaller internal studios.

Fortune

World Cup fever is real. This CEO is betting it's not fleeting

Also: All the news and watercooler chat from Fortune.

Fortune

Game over for 20% of Xbox staff as Microsoft hits reset: We "didn’t focus on the core business,” CEO says. “We simply spread ourselves too thin.”

Everything you need to know before you reach the office this morning.

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news in one place.

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Fortune

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

“We need more people to innovate.”

Fortune

Despite a $220 million net worth, Rafael Nadal says he won't retire because he hates waking up to no plans—so he's opened a chain of hotels instead

Despite retiring from a 23-year tennis career with millions in the bank, Rafael Nadal isn't kicking up his feet—he's back at work, this time in hotels.

Fortune

Trump’s request for a review of Folarin Balogun's red card has become a global test of FIFA's political neutrality

The U.S. striker’s red-card ban was suspended after President Trump personally asked FIFA president Gianni Infantino for a review.

Fortune

The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win

Tad Devine, Bernie Sanders' top strategist, says the rules of running for office and navigating a presidential candidacy are intentionally complex.

Fortune

Exclusive: Xbox's CEO on 3,200 layoffs, four studios cut, and her blunt warning that 'we spread ourselves too thin'

Asha Sharma unveiled sweeping changes at the Microsoft unit Monday, including downsizing that will impact 20% of staff.

Fortune

Top economist says AI just hasn’t delivered on the productivity hype—and it means a 'painful repricing' of markets is very possible

Apollo Chief Economist Torsten Slok warns there’s reason to be concerned about AI being unable to yet generate returns on investment.

Fortune

C.H. Robinson's CEO is running AI transformation on Lean principles

Also: All the news and watercooler chat from Fortune.

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