The Fed did exactly what Wall Street was expecting—so why are markets so vexed by Kevin Warsh?
“You’re dealing with the Fed that the market is still trying to understand,” J.P. Morgan’s Alex Wolf tells Fortune.
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Apple shows that AI winners don’t have to build the biggest models
A Fortune analysis looks at Apple's strategy of skipping the AI infrastructure arms race.
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National Guard major rented hotel rooms on the government’s dime just to hide a second wife, prosecutors say
Maj. Collin Welch forged divorce papers, immigration letters and Social Security cards to hide a Mongolian wife from…
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Iran-style hackers shut down a Minnesota town’s water plant. Only the water tower saved it
Over 30 Minnesota systems were hit this week, and investigators say it "walks like a duck" that looks a lot like Iran.
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The Dry Danube: Europe’s legendary river got so low that a cruise ship ran out of food and water
Record drought exposed World War II bombs, old shipwrecks and forced nuclear reactors to power down across Central…
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Scouting America cuts LGBTQ+ spaces at jamboree under Pentagon pressure
Defense Secretary Pete Hegseth threatened to end military ties unless Scouting America dropped diversity initiatives by…
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Anthropic says its Claude models escaped a testing environment and hacked three real companies
Anthropic found the intrusions while reviewing its own testing records after OpenAI disclosed a similar incident.
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‘Indiana Jones-esque’: someone tried to smuggle Civil War-era cannonballs through TSA in Alabama
The TSA officer was stunned: "I've seen inert grenades and training munitions but never an Indiana Jones-esque stolen…
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Democrats squirm as ‘defund the police’ stances from 2020 come back to haunt them
From Mamdani's NYPD commissioner pick to Hong's Wisconsin debate reversal, candidates are backpedaling on past…
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A robotaxi with no steering wheel just got the green light to charge you for a ride
Amazon's Zoox can now sell rides in wheel-less, four-seat vehicles. Safety advocates say the data behind the approval…
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Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon
Exxon and Chevron posted record quarters as the Strait of Hormuz conflict fueled shortages and a windfall-tax push in…
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Climate change made Spain’s wildfires 20 times more likely, study finds
Decades of progress in fire suppression across Southern Europe are being overwhelmed by climate-driven fire weather,…
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Seattle’s new mayor fires police chief, admits they failed to alert city about shooting for 5 hours
Katie Wilson credited the quick police response with potentially saving lives, and acknowledged that the city was slow…
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Tim Cook’s last quarter as Apple CEO: record iPhone sales, stock still falls
Apple beat estimates on every metric, but memory-chip costs and no more tariff refunds spooked investors into a 2.3%…
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Anthropic discloses that Claude broke out of its cage and hacked 3 companies — and 2 didn’t even notice
Claude broke into sealed-off test environments using weak passwords, the second such AI breach disclosed this month…
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Fed study: AI’s slow productivity story fits a century-old historical pattern
Researchers at the St. Louis Fed looked through 490,000 earnings calls and saw AI productivity surged—but only in talk.
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Microsoft’s best day in markets since 2008 shows the AI trade isn’t dead, just pickier
The New York Stock Exchange welcomed Danny DeVito and Eli Manning for the Jersey Mike's IPO, then went on a ride.
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Bausch & Lomb CEO: the AI hysteria is nothing new
AI is being talked about as though business has never encountered a technological shift before. And just like the other…
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Apollo President: America’s industrial comeback requires a new financial playbook and a fatter checkbook
The most important financial story of the next decade is not the rise of private credit, but the return of capital…
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Sports teams have gone from trophies to trillion-dollar investment targets
Since 2014, overall total returns for the NBA, NFL, NHL, and MLB have outperformed the S&P 500.
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Current price of oil as of July 31, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
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The rise of financial nihilism in retail traders
Markets and consumers have diverged over the past five years, and financial nihilism is spreading, with a generation's…
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‘Mutiny, if need be’: At the Fed, ‘Warsh can suppress dissent only so much,’ over credibility-testing interest rate decision, Macquarie says
Everything you need to know before you reach the office this morning.
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A 103-year-old company says it has a plan to make AI data centers ‘water-neutral’
Also: All the news and watercooler chat from Fortune.
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Ferrari’s Jony Ive–designed model was mocked by the internet, but it’s selling like hotcakes
When the Luce was released, Ferrari’s former president and chairman said he hoped “they take the prancing horse off…
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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
The oldest boomers are starting to turn 80, but the great wealth transfer isn’t materializing as promised.
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Meet the jet-setting fashion editor who turned a New York manicure at 23 into Nails.Inc—Despite selling for $40 million, she still wakes at 5:45 a.m.
Victoria Beckham and even McDonald's helped launch Thea Green’s nail polish in America. Now Nails.Inc sells a bottle of…
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Elevance Health’s CEO started her career as a pro basketball player. Now she’s the highest‑ranking woman on the Global 500, leading a $199B giant
Gail Boudreaux credits collegiate athletics with helping to shape her leadership style.
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The rise of ‘conspicuous waiting’: The 19th-century economic theory that explains why Gen Z posts their place in line
Gen Z isn't just waiting in line. Thorstein Veblen would have recognized exactly what they're doing.
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This Dutch bookseller thought a request for 3,000 copies was ‘spam or phishing.’ Instead, AI companies are scanning and destroying books to train AI
"I was shocked!" Pieter de Vries of Haarlem told Fortune. He said several other Dutch antiquarian booksellers received…
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Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity to meet demand
AWS revenue hit $42.2 billion in Q2, marking its fastest growth in 18 quarters as AI demand outpaces Amazon’s ability…
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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
The iPhone maker said severe constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the…
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New York Mets tap Novig as prediction market partner as MLB embraces new betting sector
The deal will allow Novig to integrate across the Mets’ ecosystem and run league‑approved markets.
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Asia drives 60% of global growth, but the region’s CEOs can’t escape geopolitics. Here’s how they can stay competitive
BCG’s Yasushi Sasaki outlines why resilience, regional capital, and multi-market strategies are key to navigating…
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Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?
The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told…
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Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms
Azure crossed $100 billion in revenue for the first time, and a new disclosure about OpenAI offered some respite.
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