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UNBELIEVABLE: 45 - The Untold Story

Trump tells Netanyahu, 'You're f—ing crazy' and Wall Street sees it as a sign he’s losing patience with the war and wants it done

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

Fortune

Cognizant CEO says AI is remaking middle managers into player-coaches who can 'both execute and develop others'

Also: All the news and watercooler chat from Fortune.

Fortune

The U.S. and Europe feared the Iran conflict would curtail the Gulf's appetite for global investments. The opposite is true

The five biggest spenders–split across Saudi Arabia, the UAE and Qatar–collectively spent almost $26 billion during March, April and May.

Fortune

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I won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me

The historian behind Lords of Finance has a warning for Silicon Valley: He's seen these numbers before — and they didn't end well.

Fortune

Meet America's 'Disillusioned': the 32% feeling betrayed and rejecting the establishment—and they're not who you think

They work full-time, play by the rules and they still raid their retirement savings. The Roosevelt Institute looks at America's economically betrayed.

Fortune

He sent out 3,200 résumés and got zero job offers in the 2008 crash. Now Outdoor Boys’ Luke Nichols is telling grads how he survived

The Outdoor Boys star survived the 2008 crash by out-saving his more credentialed peers. Now he's telling younger generations to do the same.

Fortune

SpaceX is a massive money loser. Soon you’ll be forced to buy it anyway

As SpaceX, Anthropic, and OpenAI line up to go public, S&P Dow Jones is poised to waive the profitability rule that kept Tesla out for years.

Fortune

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Jeff Bezos' 25-year-old stress cure is to 'make the first phone call, or send the first email'—and a recruiter says it lands even harder in 2026

With economic uncertainty, AI anxiety, and a brutal job market weighing on workers, Amazon founder Jeff Bezos has a counterintuitive theory on stress: and the answer is not your workload, it's your inaction.

Fortune

It's not a recession. But Goldman says your paycheck is acting like it

Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.

Fortune

FIFA’s foray into dynamic pricing may be backfiring by keeping actual fans out of the World Cup—and sending some prices lower as backlash hits demand

Tickets for the final match on July 19 cost as much as $33,000.

Fortune

Nike and U.S. soccer execs on the World Cup: 4 weeks of games, 4 years of prep, 6 years of jersey design

All that prep is needed to "leave a lasting impression for the next four years,” Nike COO Venkatesh Alagirisamy told Fortune.

Fortune

Cognizant CEO is swimming against the tide on AI: he's hiring over 20,000 graduates this year and says AI tokenmaxxing is a 'vanity metric'

Ravi Kumar S., CEO of $27 billion IT firm Cognizant, says AI won’t kill entry-level jobs—and companies obsessed with tokens are measuring the wrong thing.

Fortune

The automation illusion: Why AI is making COOs' jobs harder, not easier

The executives responsible for keeping the world's biggest companies running thought AI would simplify their jobs. They were wrong.

Fortune

Grey rhinos, black swans, and the kidnapping of Nancy Guthrie: What Corporate America still gets wrong about risk

Crisis24 President Sid Kosaraju said hackers at his firm were able to pinpoint his daughter's activity. "They could get into the school website."

Fortune

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The 'godfather of AI' says we're not just creating new beings — they'll be much smarter than us, and soon

The race to make the smartest possible AI that can do the most things will "lead to things that aren't nice beings towards us," Geofrey Hinton said.

Fortune

‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we're beyond it 6 years early

Head of Research Ollie O’Donoghue said even plumbers aren’t immune to AI. “The plumber still fixes the pipe,” but AI can inspect and diagnose.

Fortune

Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank

Singapore Gulf Bank comes from a partnership between the Whampoa Group and Mumtalakat, Bahrain’s sovereign wealth fund.

Fortune

Okta's President and COO says companies are in denial about the hardest part of the AI revolution: redesigning work itself

The transition from workforce to work planning — budgeting for both "human workers and digital workers," is breaking people's brains, Eric Kelleher said.

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Fortune

Harvard Law: Anthropic is about to sell a safety mission that Wall Street can veto

Only three companies have ever installed investor-overriding mission guardians. Two of them, including Ben & Jerry's, failed.

Fortune

Anthropic confidentially files its S-1 first—but the IPO race with OpenAI is just beginning

As two AI giants hurtle towards IPOs, Anthropic is showing early momentum.

Fortune

Buffett says Abel 'has launched' with his first big Berkshire deal: an $8.5 billion housing bet

The Taylor Morrison acquisition checks every box in Warren Buffett's playbook—except one.

Fortune

Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent

Brockovich’s new data center tracking project has collected nearly 4,000 complaints nationwide.

Fortune

A 'quiet' wildfire year just became the most expensive one ever

The January 2025 fires in LA alone ended up costing $140 billion in total.

Fortune

After issuing more than $20 billion in tariff refunds, the Trump administration is now pursuing legal action to bring the process to a standstill

The Justice Department said in a court filing it would appeal a federal judge’s order allowing all importers—not just those who sued the administration—to seek out refunds.

Fortune

Gen Z is losing the most in the AI economy—and Goldman warns it's about to get worse

Goldman has good news on the AI job-killing story, until you look closely at the numbers.

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