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EXPLAINED: 7 | Rare Historical Photos

President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards

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

Fortune

CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher

Also: All the news and watercooler chat from Fortune.

Fortune

Harvard's housing report has a darker message than affordability—the middle-class home was always a historical accident

Harvard's U.S. housing report points to an uncomfortable conclusion: homeownership is no longer something you earn. It's something you inherit.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

A former Fed colleague of Kevin Warsh on what to expect: ‘Plan for higher rates’

Esther George spent a decade dissenting in favor of tighter policy. Now, she says, Warsh may have no choice but to raise rates.

Fortune

Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier 'ceasefire' that was looking at lot like a war over Hormuz

Sources told Axios that the U.S. and Iran agreed to halt attacks and meet in Qatar on Tuesday to resolve differences over the Strait of Hormuz.

Fortune

Social Security is headed for a day of reckoning, and Congress is running out of time to save boomers. Lawmakers are proposing some hard choices

"Why should a middle-class nurse pay a larger share of her paycheck than a wealthy corporate lawyer?"

Fortune

Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire

"The collision course is set, and worse is yet to come."

Fortune

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One in three Gen Zers is letting AI do their homebuying homework, but they still trust realtors with the closing process

More than half of prospective buyers prefer humans for legal or contractual advice.

Fortune

This CEO became 3x more productive with AI. Then she read what her daughter wrote about it at Dartmouth

As Maria Colacurcio embraced AI to transform how she works, her daughter Sofia Frei began questioning what society might lose in the process.

Fortune

David Protein CEO says ‘diet trends are over’ because of GLP-1s: ‘What’s next is really hard to predict’

About 10% of the U.S. population has used GLP-1 drugs, helping to create a projected $82 billion market this year.

Fortune

Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract

From Ronaldo’s humble beginnings to ultrawealthy status, his $1.4 billion net worth proves the world’s most-followed athlete is also a wise businessman.

Fortune

AWS CEO says replacing young employees with AI is 'one of the dumbest ideas'—and bad for business: 'At some point the whole thing explodes on itself'

Amazon laid off 14,000 employees last fall, but CEO Andy Jassy denied the reductions were related to AI.

Fortune

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

$7.2 billion AI founder Arvind Jain ‘observed’ Sundar Pichai at Google for years before he became CEO—he learned you need to ‘think crazy’ to be successful

Fortune

Anthropic’s Alibaba fight raises a trillion-dollar question for IPO: How defensible is a frontier AI moat against China with Washington's toolbox?

The clash over Claude could test Anthropic’s valuation by exposing how hard it is to protect frontier AI models after extraction.

Fortune

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Anthony Scaramucci on America 250: where have you gone, Joe DiMaggio?

We split into one camp that flatters the country past all reason and another that despises it past all fairness. Both have abandoned what we used to know.

Fortune

More than a club: how Paris Saint-Germain took inspiration from the Barcelona slogan and the New York Yankees cap to create a global business brand

Barcelona FC calls itself "més que un club," but at PSG's La Maison in New York, you are in a Parisian state of mind. "Ici, c'est Paris."

Fortune

More than 3 million college students are raising kids. Most won't graduate

Only 18% of student parents earn a degree within six years. Fixing this isn't charity — it's the most direct solution to the talent shortage.

Fortune

Even Apple couldn't escape the memory chip 'RAM-ageddon' crisis. Here's why PC prices are soaring this summer

Apple, Microsoft, HP and other gadget makers are being forced to choose between sacrificing sales or profit.

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Fortune

LinkedIn says real estate is one of the hottest industries for entry-level workers—One Gen Z sales agent made $75K his first year with no experience

Real estate is the second fastest-growing sector for new grads. With the right grit and self-determination, Gen Zers can earn into the six figures.

Fortune

The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle

Paul Florsheim just wanted to walk the beach. The retired professor thinks his $313 trespassing ticket is like the fight against Elon Musk.

Fortune

The contrarian view for Fed rate cuts: Payrolls will weaken, inflation will plunge, and Kevin Warsh was 'largely performative' in his hawkishness

"He had to sound hawkish to draw a clear line between himself and the White House."

Fortune

The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls

"It’s less dramatic than a palace coup, but this is what decline looks like."

Fortune

Forget the ceasefire — The U.S. and Iran are still locked in combat over the Strait of Hormuz as Tehran tries to shut down a competing route

The U.S. carved out an alternate path that runs along Oman's coast and said Saturday that it's been expanded to accommodate inbound and outbound traffic.

Fortune

'It's not going away': The Stanford economist who called the AI entry-level jobs crisis early has the receipts

Stanford's Erik Brynjolfsson is partnering with ADP's Nela Richardson on a live dashboard tracking what they found last summer: AI is eating entry-level work.

Fortune

Nobel laureate economist warns AI jobs apocalypse fears could become a self-fulfilling prophesy

"When millions of people make millions and millions of decisions based upon negative expectations, there is a risk that fear can actually help birth the reality."

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