Trump faces Gulf pressure for diplomacy as world leaders gather in New York
In this week’s Fortune Gulf Brief.
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We’re the world’s largest satellite operator tracking greenhouse gases and we see the climate tech sector chasing the wrong breakthrough
We see the data clearly: the real crisis is adoption.
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Inside Fortescue’s billion-dollar bet to decarbonize mining—and help rebuild Ukraine
Andrew Forrest built Fortescue into an iron ore giant. Now he is staking billions on an accelerated clean-energy…
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DOGE’s push to shrink the federal workforce cost the Trump administration $6.7 billion for employees not to work
Elon Musk’s ‘Fork in the Road’ initiative was responsible for most of a 435% increase in administrative leave between…
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Warren Buffett’s son worked on a farm instead of going to college—he’s now the chairman of $1 trillion Berkshire Hathaway
Before becoming chairman of his father's trillion-dollar company, Howard Buffett was a college dropout who taught…
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Why Costco has the luxury of sitting out the delivery arms race
People want the thrill of the Costco treasure hunt more than same-day delivery.
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‘Taxes aren’t really high enough for them to be sensitive’: the fears of the wealthy fleeing New York and California were just that
We heard the wealthy would move out of New York City, San Francisco and Los Angeles because of an unfriendly business…
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In midterm years, October is usually the best month for stocks, with gains 73.7% of the time
Since 1950, September has been the weakest month of a midterm year, and October and November the strongest. Strategists…
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OpenAI’s search for a chief communications officer hits 9 months after a top candidate turned down the role
The company is ramping up its search efforts amid a seemingly never-ending string of controversies.
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Meta’s Muse AI is exploding in popularity—and already drawing heated backlash from another tech giant
The app, which uses Meta's latest Muse Spark AI model, connects users to a range of services that its AI agent…
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‘We believe in college’: inside Andreessen Horowitz’s $42m unaccredited academy that will charge Harvard prices without degrees
Gagan Biyani talked to Fortune about the academy that won't charge tuition for its first class. "We will see over time…
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Mortgage rates are nearing 7%, delivering another blow to a housing market already losing buyers and facing stalled sales
Home sales have fallen to their lowest pace in more than a year and sellers are offering concessions to lure back buyers
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Beijing and Washington talk about an AI hotline. But who will answer the call?
A hotline might prevent an AI accident from spiraling into war. But if neither the U.S. or China has a solution for…
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Trump admin says it will save $2.2 billion by kicking off 760,000 Affordable Care Act enrollees over fraud claims
Officials allege the enrollees were ineligible, fraudulently enrolled or did not exist, while another 419,000…
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After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings
Bezos’ stepfather’s first question about the company was “What’s the internet?” the Amazon founder previously said.
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‘I have a big decision to make’: Trump had a ‘good meeting’ with Iranian officials warning he may ‘annihilate the Islamic Republic’
Trump has accused Iran of "behaving badly" and stalling to make a deal to fully reopen the Strait of Hormuz because the…
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What AI slowdown? OpenAI, Anthropic release dueling models as price wars heat up
The rival AI labs release lower cost versions of their flagship models within hours of each other. Is it a race to the…
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The backwards AI pacing debate and how far business is from the frontier
In every tech revolution, the greatest fortunes went to those who understood that a frontier is worthless until the…
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The real AI threat isn’t China, it’s accelerationism
The U.S. and China should make AI safety a shared priority, not a race for dominance.
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The 10-year Treasury yield just hit 5% for the first time since 2007 — is a 1970s-style ‘stagflation’ on the return?
From the pandemic to the war in Iran, the bond market has been on quite a ride to the 5% benchmark.
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If AI is going to destroy humanity, Scott Bessent says hyperscalers, not government, must take the fall: ‘We cannot absolve you of responsibility’
"That's good business for them, bad business for the American people."
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Walmart’s new pricing patents spark fears of surveillance: ‘Are they going to charge you a different price if they know who you are?’
Walmart’s pricing patents have raised fears of personalized prices. Two experts say they describe pricing items, not…
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The SaaS debt trap
Wall Street spent the week arguing about whether AI is slowing down. The other bubble is what the SaaS incumbents did…
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Two major Puerto Rico newspapers are going digital-only as the industry sheds 270,000 jobs in 20 years
El Nuevo Día and Primera Hora will print their final editions this week as shrinking ad revenue and changing reader…
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‘The kids just aren’t drinking as much’: California’s wine country is drowning in unwanted grapes
U.S. wine sales have fallen 23% since 2020, forcing growers to rip out vineyards and leave healthy grapes on the vine.
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Wealthy students are 13x more likely to ace the SAT. The test turns 100 this year
The exam has shifted from a 315-question, 97-minute paper test to a two-hour digital format, but wealth gaps in scoring…
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Binance invests $100 million in one-time rival Circle and expands its USDC partnership
The investment marks a sharp turn for Binance, which once removed USDC trading from its exchange in favor of its own…
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AI chatbots are quietly becoming spiritual advisers for millions, data shows
GitaGPT and ChatwithGod are building businesses around existential AI advice, echoing engineer Anthony Levandowski's…
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A dean of libraries explains how AI gives you 4 types of answers — and only one of them is ‘factual’
University of Virginia Dean Leo S. Lo found that Google's AI treats questions requiring medical judgment and…
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Barclays staffers are demanding more money to return to the office—they want compensation for the $410 weekly cost of childcare and commuting
Barclays is bumping up RTO to three days a week, so unionized staffers are asking for a one-time payment, childcare…
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Zohran Mamdani marks the 100th anniversary of the San Gennaro Feast by leaving Little Italy off a map of New York City’s immigrant hoods
Few Italians still live on Mulberry Street, but San Gennaro's centennial festival still draws over a million visitors a…
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From the Boston Tea Party to the Flock camera backlash, 250 years of Americans saying no
Cities from Florida to Colorado are canceling contracts and vandals have hit cameras in 36 states, prompting CEO Garett…
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How Kevin Warsh’s rate hike exposed a 2-speed U.S. economy, with AI and housing at the poles
He calls 2% inflation a "firm, fixed target," but a 10-year Treasury yield above 5% is pushing mortgage rates toward 7%…
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Microsoft and Coinbase probe leads to arrest of crooks behind ‘EvilTokens’, a DIY phishing network powered by AI
The scam involved selling phishing kits on social media that let anyone create convincing fake emails.
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Alibaba says it built the ‘most powerful AI chip in China’ as the country races to catch up with the U.S.
The Chinese tech giant also plans to train a new AI model and to expand data centers as Trump and Xi prepare to discuss…
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China tightens controls on fentanyl-making chemicals shipped to the U.S. just days before Trump and Xi meet at the White House
Beijing is expanding restrictions after years of U.S. pressure over the fentanyl crisis
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