DARK SECRETS: 15 | Rare Historical Photos

'The bond market has taken down more governments than howitzers': Scott Bessent cuts Kevin Warsh some slack ahead of anticipated rate meeting

"Look, the president understands—he and I have talked about it quite a bit—... the bond market has taken out more governments than howitzers."

Fortune · Sep 14

With his credibility on the line, the Fed’s Warsh will be forced to raise interest rates this week

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

Fortune · Sep 14

How employee anxiety masquerades as performance, then backfires

Half of the workforce says anxiety about the state of the world is hurting their focus, according to a recent Burson study. But it's more complicated.

Fortune · Sep 14

‘They’re likely to get squeezed’: AI slop books are flooding online marketplaces—and it’s coming at the expense of paychecks for human authors

A recent study found thousands of self-published books on Amazon that were at least 50% generated by AI.

Fortune · Sep 14

Even Americans earning more than $155,000 now call themselves 'working class'—a sign of how far the affordability crisis has spread

A new Pew study found 60% of U.S. adults identify as working class, up from 54% two years ago—and half of the country's top earners say the label fits.

Fortune · Sep 14

Stocks are in a late-stage bubble and poised to crash 21% next year, while Treasury yields above 5% will signal a new era of tight money, analysts say

"Most of the factors we consider are at, or close to, levels that have preceded past stock market peaks."

Fortune · Sep 13

The third rail isn't what it used to be. As the Social Security fund's insolvency nears, more lawmakers are open to tax hikes—even Republicans

“I’m willing to look at the tax rate. I am willing to raise the amount of income through tax.”

Fortune · Sep 13

Anthropic CEO Dario Amodei and AI whistleblower Jacob Coxon agree: Something terrifying could happen in a matter of months

"So these AIs are getting smarter, very, very quickly. And in particular, in the next six months to a year, I expect the capabilities of our AI systems to be quite scary."

Fortune · Sep 13

Billionaire Mike Bloomberg was fired after dedicating 15 years of his career to Salomon Brothers—the next morning, he founded his media empire

Mike Bloomberg started at Salomon Brothers as a clerk making $9,000 a year, making his way up to partner, before getting the boot. He has no hard feelings, and learned critical lessons from the rejection.

Fortune · Sep 13

Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’

The billionaire tech CEO says that a tough-love management style, influenced by his Taiwanese parents, has been key to Nvidia’s $5 trillion success.

Fortune · Sep 13