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REVEALED: 25 | Rare Historical Photos

Xbox CEO Asha Sharma points the finger at Phil Spencer's strategy for yesterday's sweeping layoffs: 'We simply spread ourselves too thin'

Sharma didn't mention Spencer by name, but said Xbox is struggling because it neglected its "core business."

PC Gamer

Meet the former Goldman Sachs exec who became the America's Cup Partnership's first CEO and is running the 175-year-old trophy like a startup

The oldest trophy in sports is in New York's harbor to celebrate the country's 250th birthday, onboard the "most beautiful ship in the world."

Fortune

Palantir CEO Alex Karp is paranoid about Anthropic and OpenAI. That doesn't mean he has nothing to fear.

The Palantir CEO says Anthropic and OpenAI deliver no value and 'steal alpha' from customers. Is he right?

Fortune

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Xbox is refocusing on console spending that makes up 80% of its business — while stepping away from smaller game studios

Xbox CEO Asha Sharma has revealed the company's renewed focus on its console business, which reportedly represents 80% of Xbox overall. As part of its wider restructuring, Microsoft is prioritizing consoles and major franchises while stepping away from smaller internal studios.

Windows Central

World Cup fever is real. This CEO is betting it's not fleeting

Also: All the news and watercooler chat from Fortune.

Fortune

Game over for 20% of Xbox staff as Microsoft hits reset: We "didn’t focus on the core business,” CEO says. “We simply spread ourselves too thin.”

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

Fortune

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

“We need more people to innovate.”

Fortune

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Despite a $220 million net worth, Rafael Nadal says he won't retire because he hates waking up to no plans—so he's opened a chain of hotels instead

Despite retiring from a 23-year tennis career with millions in the bank, Rafael Nadal isn't kicking up his feet—he's back at work, this time in hotels.

Fortune

Trump’s request for a review of Folarin Balogun's red card has become a global test of FIFA's political neutrality

The U.S. striker’s red-card ban was suspended after President Trump personally asked FIFA president Gianni Infantino for a review.

Fortune

The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win

Tad Devine, Bernie Sanders' top strategist, says the rules of running for office and navigating a presidential candidacy are intentionally complex.

Fortune

Exclusive: Xbox's CEO on 3,200 layoffs, four studios cut, and her blunt warning that 'we spread ourselves too thin'

Asha Sharma unveiled sweeping changes at the Microsoft unit Monday, including downsizing that will impact 20% of staff.

Fortune

Top economist says AI just hasn’t delivered on the productivity hype—and it means a 'painful repricing' of markets is very possible

Apollo Chief Economist Torsten Slok warns there’s reason to be concerned about AI being unable to yet generate returns on investment.

Fortune

C.H. Robinson's CEO is running AI transformation on Lean principles

Also: All the news and watercooler chat from Fortune.

Fortune

Gen Z was 'jaded about employment before we ever entered the workforce'—now psychologists say the stare has hardened into something worse

The children of the Great Recession's foreclosure crisis are at risk of foreclosing on themselves.

Fortune

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Fortune

Meet the soccer-playing humanoid robot that just delivered the game ball at the Brazil v. Norway FIFA World Cup match

Meet Atlas, the 5-foot tall humanoid robot that delivered the World Cup match ball, has 56 points of movement on its body, and learned to play soccer.

Fortune

The influencer CEO era is here. What happens to leaders who avoid social media?

The CEO job now comes with a second role: content creator. Not every executive is on board.

Fortune

The CEO using AI to double revenue with 1,000 fewer hires: 'Nobody's going to replace the last mile'

"I was having a conversation this weekend with Claude and it was a pretty in-depth conversation," W.J. Werzyn told Fortune. And then it hallucinated.

Fortune

He used to work 90-hour weeks and lost 'years' of his life. Now the US Polo Assn. CEO clocks off at 5:30 p.m. and won't text his team on weekends

The U.S. Polo Assn. boss isn't the only CEO with boundaries: Netflix's cofounder kept a 5 p.m. Tuesday cutoff, while JPMorgan's Jamie Dimon takes all his PTO.

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Fortune

How David Senra built the podcast the world’s most powerful CEOs can’t stop listening to

“Founders” counts Jeff Bezos and Michael Dell as fans—and its “unmanageable” creator turned down $50 million so he could build a media empire his way.

Fortune

Costco CEO promises the $1.50 hot dog isn't going away: 'The price will not change as long as I'm around'

The $1.50 combo hasn't changed since 1985. In a K-shaped economy where everything costs more, that's not just a deal—it's a statement.

Fortune

A quarter of young baby boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work

Just as financial pressure peaks, many Gen Xers are finding themselves overlooked, underpaid, and edged out.

Fortune

Media leadership unity in defying Trump’s assault on free speech: standing tall against historic comparisons

Jeff Sonnenfeld leads a group including Jeff Bewkes, Kay Koplovitz and Tom Glocer in congratulating media leaders for their remarkable unity.

Fortune

How JPM's female leadership pipeline to CEO went bust

Marianne Lake's retirement from JPMorgan marked the end of the bank's chance to elevate a woman to one of the world's top jobs.

Fortune

Even as Elon Musk calls philanthropy ‘very hard,’ Americans gave a record $617 billion anyway—as households felt the squeeze over the cost of living

Donations from individuals hit $394B last year, but a 17% rise in bequests points to a shift in philanthropy driven by the Great Wealth Transfer.

Fortune

'It's just his AI and my AI going back and forth' The workplace phenomenon that's undermining human relationships

AI isn’t the problem, says leadership expert Leena Rinne: It’s social connection and emotional intelligence instead.

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