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THE TRUTH ABOUT: 17 - Caught on Camera

Good news: Rumors of a K-shaped economy have been overblown so far, says Goldman Sachs. Bad news: 2026 is when it will really bite

“There are a lot of people out there who can no longer afford perhaps the most quintessential component of the American Dream, which is property ownership. So they’re being forced to rent, and it’s showing up in prices.”

Fortune

Upstart's new millennial CEO thinks AI can make every American 10% richer

Also: All the news and watercooler chat from Fortune.

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Stocks slump globally as Trump says he is in no rush to end the war—and California is running out of jet fuel

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

Fortune

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American Airlines CEO calls United merger a ‘nonstarter’: ‘No way to view that as anything but anticompetitive’

American Airlines CEO Robert Isom says a United merger would be bad for the airline.

Fortune

Fuel shortages from the Iran war have spread to Europe, but the pain is hitting California and the West Coast as well—and help is years away

California’s refinery closures near Los Angeles and San Francisco are occurring just as the Iran war limits global supply.

Fortune

Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our 'paranoid' roots

Changes in AI, including the rise of agentic AI, are rekindling demand for CPU chips, says Intel after a blowout quarter that sent shares up 22%.

Fortune

Busted! Feds charge U.S. Army soldier who made $400,000 from Polymarket bets tied to Maduro capture

The Justice Department said the solider made 13 bets on the basis of classified information he acquired from being part of the Venezuela operation.

Fortune

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Ken Griffin fires back at NYC Mayor Zohran Mamdani 'tax the rich' video featuring his $238 million penthouse

Citadel's COO subtly hinted the company may forgo a potential $6 billion investment in Midtown Manhattan after the NYC Mayor vowed to "tax the rich."

Fortune

‘Don’t leave’: Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world’ are OK with him

Jensen Huang is still all in on California and he's talking about it with Ro Khanna, the congressman infuriating the billionaire class.

Fortune

You can fly almost anywhere in Europe for €20 while Spirit Airlines is staving off bankruptcy. Here's the difference

Why have budget carriers become durable competitors in Europe while the U.S. version is now fighting for a federal lifeline?

Fortune

The man who helped put meat at the top of RFK Jr.'s new food pyramid is Steak ’n Shake’s new 'Chief MAHA Officer'

The burger chain recently announced you could pay for its burgers and shakes with Bitcoin, and even introduced an employee Bitcoin bonus.

Fortune

Tesla stock dives on news that it earned next to nothing on cars in Q1, and plans to spend $25 billion in CapEx anyway

Almost all of Tesla's Q1 earnings flowed from the carbon credits line and gains on trimming its Bitcoin trove.

Fortune

How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant

CEO Chris Ong has to balance customers like Brazil’s Petrobras, Royal Caribbean, and the U.S. Navy.

Fortune

Spotify just turned 20. Here's how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company

Ek cofounded the company in Stockholm, Sweden in 2006.

Fortune

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The longevity revolution is here. Our systems still think we die at 65

Most of us can expect to live into our 80s, 90s and beyond. Yet from Medicare to financial planning, we still design for short lives and early retirement.

Fortune

Cadence CEO on the AI boom and human nature: 'there are more tools, but the human part is not different'

Cadence's Anirudh Devgan talked to Fortune about how technology will impact the future.

Fortune

Temporary protected status holders in US add $29 billion to the economy every year and pay $8 billion in taxes

As the Supreme Court prepares to weigh the fate of TPS for Haitians and Syrians, a new report accounts for a demographic’s economic impact.

Fortune

‘Godmother of Silicon Valley' Esther Wojcicki, mother of the YouTube and 23andMe CEOs, shares her secret to raising future leaders

Wojcicki takes inspiration from her daughters’ public failures and how they pivoted to turn mistakes into successful companies.

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Fortune

GPT-5.5 is here—and AI model launches are starting to look like software updates

Just weeks after its last update, OpenAI is back with GPT-5.5—promising more intuitive, agentic performance and fewer hallucinations for business users.

Fortune

Trump's strategy for a mined-shut Strait of Hormuz: appease Joe Rogan with psychedelics and weed

Joe Rogan claims Trump calls him "liberal" but he shows up at the White House as Theo Von flirts with Bernie Sanders — and a global recession looms.

Fortune

The world has entered a ‘global water bankruptcy,’ but markets are mispricing water as drought costs rise to $307 billion annually, analysts warn

“When you spend more than you earn for too long, you go bankrupt,” one UN official said. “We have done exactly that with our water ‘checking’ and ‘savings’ accounts.”

Fortune

Security experts head to D.C. to debate standards for securing AI systems as Mythos raises the stakes

Security experts debate best practices to secure AI systems in a world they admit "favors attackers."

Fortune

Gig work is coming for nursing. It might mean below-minimum wage pay and AI surveillance

Nursing is tough work. The gig economy might make it even harder.

Fortune

Trump’s team is hosting another memecoin conference. The price to attend has dropped dramatically

There’s also no guarantee that President Trump will be in attendance

Fortune

A group of users leaked Anthropic's AI model Mythos by reportedly guessing where it was located

An expert says if a group of folks in an online forum was able to figure it out, then it's already in China's hands.

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