Trump's $200 billion tariff hit swells budget deficit to $2.1 trillion for 2026, CBO confirms A major tool for deficit reduction—Trump’s IEEPA tariff regime—is unconstitutional. Fortune · Aug 10
'A prisoner can oppose incarceration while remaining confined': The paradox of Gen Z, capitalism, and consumption Every generation flirts with anti-capitalism when it’s young, but has something broken down along the way? Fortune · Aug 10
Apple may scrap its all-glass iPhone. Wall Street hasn't been this alarmed since Steve Jobs' death Investment firm Jefferies on Monday downgraded Apple from hold to underperform, cutting its price target from $285.56 to $263.66. Fortune · Aug 10
Zuckerberg’s vision for an AI assistant is far more intimate than ChatGPT: It watches him sleep, train and bake with his 8-year-old daughter The “superintelligence” pitch comes amid an FTC inquiry into child chatbot safety and days after Meta disclosed a sharp drop in free cash flow Fortune · Aug 10
Mark Zuckerberg makes his case for American open-source AI over Chinese rivals It comes as Meta tries to regain ground on OpenAI and Anthropic, and as Chinese open-source labs close in on the American frontier. Fortune · Aug 10
Barnes & Noble CEO James Daunt was a Carnival Cruise ship officer before building his bookstore empire Barnes & Noble has thrived under its new CEO’s independent bookstore twist. Fortune · Aug 10
The stock market may be doing so well that it's causing more baby boomers and Gen Xers to drop out of the labor force “My hunch is that this is as at least partially attributable to wealth effects from record highs in the stock market.” Fortune · Aug 10
Strategy dumps yet more Bitcoin, latest $109 million sell-off comes amid a seven-week buying hiatus The company’s fourth Bitcoin sale since June underscores its push to build cash and reassure investors. Fortune · Aug 10
MacKenzie Scott has given away $26 billion and rarely speaks publicly. Now she's releasing a novel—but you won’t find it on Amazon The billionaire philanthropist and novelist studied under Toni Morrison and is releasing her first novel since 2013. Fortune · Aug 10
Mark Zuckerberg says the future will have an ‘abundance of jobs’—and predicts a wave of new careers like world builders and personal biologists Despite predictions of a job apocalypse, Meta CEO Mark Zuckerberg sees a future of economic and financial prosperity. Fortune · Aug 10
Exclusive: Corma raises $60M from Sequoia, Khosla Ventures for AI trained to defend against cyberattacks The startup is exiting stealth mode after deploying its first model six weeks ago. Fortune · Aug 10
Boards are expanding the CFO’s mandate—with COO duties increasingly in the mix Zillow expanded its CFO's role to include COO duties, and Zoetis created a similar combined role for its incoming finance chief. Fortune · Aug 10
The six-figure CEO-adjacent job that can accelerate your path to the C-suite About 75% of chiefs of staff are promoted after leaving the role. Fortune · Aug 10
JB Hunt CEO: What 65 years of freight tells us about building for the future Then, now, next: after several challenging years, the freight market is beginning to change. Fortune · Aug 10
Fortune · Aug 10 The Jersey Pump Principle: why AI's trillion-dollar bet could stall like a 1949 gas pump law Through the lens of Silicon Valley and Wall Street, the path forward for AI looks entirely pre-ordained. History teaches a different lesson.
Fortune · Aug 10 Current price of oil as of August 10, 2026 When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
Fortune · Aug 10 Hiring managers say AI-optimized résumés are backfiring: ‘You’re losing your authentic human self’ Hiring managers are becoming suspicious of résumés that seem tailor-made to a job description.
Fortune · Aug 10 Fidji Simo on her life after OpenAI and new startup, ChronicleBio Fidji Simo, a French-born businesswoman and former CEO of Instacart, left her post as one of OpenAI’s top executives in early July. Now, she’s working to cure chronic diseases.
Fortune · Aug 10 Why the latest Bitcoin hack hurt more than most The theft of $100 million from Coldcard hardware wallet owners stands out because it hurt people who did everything right.
Fortune · Aug 10 Jamie Dimon says Gen Z is wrong to give up on the American Dream—but admits it's ‘slipping’ away for the bottom 20% of households “Good-hearted Americans, they’re not happy with that either. They don’t like to see their fellow citizens suffering at all,” the JPMorgan Chase CEO said.
Fortune · Aug 10 DeepMind's Demis Hassabis was everywhere—except the office Everything you need to know before you reach the office this morning.
Fortune · Aug 10 Rocket Companies CEO Varun Krishna wants to fuse Silicon Valley talent with Detroit grit Also: All the news and watercooler chat from Fortune.
Fortune · Aug 10 Behind the exit of DeepMind’s CEO: low morale, a talent exodus, and model delays Within DeepMind, current and former employees say tensions have been simmering for months.
Fortune · Aug 10 My $80,000 in student debt changed the next 10 years of my life — and that was in 1988. Imagine what it's like now America cannot afford to make public service harder to choose.
Fortune · Aug 10 Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers' The AI boom has turned the standard profit margin model on its head, according to Apollo chief economist Torsten Slok—and it’s making the industry’s growth unsustainable.