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REVEALED: 7 | Rare Historical Photos

Membership into Miami’s most exclusive club is something money can’t buy—and Jeff Bezos is among those standing outside, looking in

Amazon founder Jeff Bezos has three properties on Indian Creek, but he still doesn’t have a membership into the island’s country club.

Fortune

Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud

An off-the-record university course helped Gates recruit for Phia, and former students claim the class taught a ruthless hunger for profit.

Fortune

‘Adding insult to injury’: Flight attendants accuse Google of creepy deal to access ‘confidential’ data for AI in Spirit Airlines transaction

Failing in today’s business world means being at the mercy of the AI training frenzy.

Fortune

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Trump admits tariffs are a tax on America's love for hamburgers and allows 300,000 metric tons of ground beef imports at 'below current market prices'

“Tariffs are simply taxes on American consumers,” said economist Steve Hanke. Meanwhile, cattle groups are "disappointed" in the president's post.

Fortune

Forget RTO: Fully remote workers report the highest well-being—and are less likely to quit, new study of 7,700 employees finds

The research found little evidence that remote workers felt less connected to colleagues or workplace culture—despite what CEOs like Jamie Dimon say.

Fortune

Harry and Meghan's homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune

The Duke and Duchess of Sussex are returning to the U.K. after living in the U.S. for six years—but they could have had a “much better tax result” sticking around longer.

Fortune

The bond market is sending CEOs a blunt message: Borrowing costs are going to go up

Also: All the news and watercooler chat from Fortune.

Fortune

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Amazon, Uber, DoorDash, and Walmart are taking the delivery wars to the skies

After years of experiments and setbacks, some of America’s biggest delivery companies are racing to make drones mainstream.

Fortune

Baby boomers look richer than ever—but many are retiring with record levels of debt

Decades of home-price gains made older Americans wealthy on paper. Debt and rising costs are making that wealth harder to live on

Fortune

Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO

In late June, Airwallex raised $320 million in a Series H funding round led by Addition, which valued the cross-border payments platform at $11 billion

Fortune

Exclusive: The man leading Trump’s RTO charge for government workers says he filmed a video in front of a blank wall to avoid work-from-home suspicion

“I was in my bedroom,” OPM director Scott Kupor said in an all-hands meeting this week. “I was trying to find something that was not recognizable as being in my house, basically.”

Fortune

Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.

Fortune

One U.S. Army unit is offering 4-days off to play Grand Theft Auto—but there’s a catch: they’ll have to reenlist if they take the day off to play

From the Army to small businesses: organizations are getting ahead of the GTA VI launch curve—and giving days off to steal virtual cars.

Fortune

Exclusive: Venezuela, sick with hyperinflation, engages the ‘money doctor’ Steve Hanke for a dose of dollarization medicine

The Johns Hopkins professor has spent five decades traveling the world, fighting for the cause of sound money. He's taking on his biggest dragon yet.

Fortune

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Fortune

'Game-changer' GLP-1s could fix America's obesity crisis—but 2 inequalities stand in the way

Wells Fargo Industry Insights' Robin Wenzel says the drugs are rewriting healthcare economics, but the math doesn't "pencil out" too often.

The Economic Times

MacKenzie Scott has given away nearly half her fortune, but Elon Musk says she is ‘making the world a worse place’

Billionaire MacKenzie Scott has faced backlash from conservative circles over her extensive philanthropic efforts. Notable individuals, including Elon Musk and Katie Miller, have expressed reservations regarding her hefty donations, which predominantly support progressive initiatives and organizations. Since 2020, Scott has contributed an astonishing twenty-six billion dollars to various causes, sparking…

Fortune

Portfolio review takes on a new urgency for VCs as AI makes 2024's great deals look like 2026's clear mistakes

In venture capital, the half-life of a thesis has never been shorter.

Fortune

Zynga founder Mark Pincus: AI can get you to a B-plus, but it won't get you to an A

Also: All the news and watercooler chat from Fortune.

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Fortune

Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’

The $1.4 trillion figure may be unlikely, but the case could give states a new way to challenge how social media platforms are designed.

Fortune

‘Buyers aren't yet opening their wallets’: AI-generated assets are flooding online marketplaces, but consumers are snubbing AI for human-made products

In 3D model marketplace CGTrader, AI-generated assets made up one-sixth of newly uploaded models, but just 2.6% of sales.

The Times of India

MacKenzie Scott got $1,000 from her roommate to stay in college. Years later, she donated $26 billion to charity

MacKenzie Scott is now known for giving billions of dollars to charities, but her own experience of needing financial help began much earlier. While studying at Princeton, Scott faced a difficult period when money was tight and remaining at university was uncertain. Her roommate, Jeannie Ringo Tarkenton, noticed her struggle…

Fortune

National debt crosses $40 trillion and think tank warns: 'The level of fiscal mismanagement is tragic'

"To anyone who cares about America, about democracy and our future, in my view, this is already a crisis," Michael Peterson told Fortune.

Fortune

Moderna's and Merck's personalized mRNA vaccine shows real promise against deadly skin cancer melanoma in late stage trial and sends stocks soaring

The shot, paired with Merck's Keytruda, cut the risk of melanoma recurrence in a trial of more than 1,100 patients.

Fortune

How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen

Rebel has filed for Chapter 11 bankruptcy, but will continue to sell in grocery stores amid a court-ordered rebrand.

Fortune

Bond traders are testing Kevin Warsh: The Fed chair will heed but not be ruled by markets, says the economist who spent years sitting beside him

"He wants the Fed to think in terms of the bigger picture ... and people are finding that frustrating, but I think he's been very, very clear."

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