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'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

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Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

3

I've sold property on California's Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle

1

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

2

Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

3

I've sold property on California's Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle
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Exclusive: Goldman Sachs intern acceptance rate falls below 1% for third straight year

It’s harder to get a Goldman Sachs internship than to get accepted into Harvard, MIT or Stanford.

By Nick LichtenbergJune 8, 2026
Bending Spoons, the Italian app acquirer behind AOL, Evernote, Vimeo, and WeTransfer, files for a U.S. IPO
Bending Spoons, the Italian app acquirer behind AOL, Evernote, Vimeo, and WeTransfer, files for a U.S. IPO
By Catherina GioinoJune 8, 2026
Sarah Franklin, Chief Executive Officer of Lattice, and Francine Katsoudas, EVP and Chief People, Policy and Purpose Officer at Cisco, speak at Fortune's COO Summit with Kristin Stoller, Editorial Director at Fortune.
AI disruption arrived 6 years early—now executives are drawing the line
By Kristin StollerJune 8, 2026
David Sacks, then the White House Special Advisor for AI and Crypto, at the White House on September 04, 2025 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images)
David Sacks has concerns about government equity in AI companies
By Andrew NuscaJune 8, 2026
from left to right: Omer Gull, Yuval Itzchakov, and Yossi Torati
Why Lightspeed and Wiz’s Assaf Rappaport bet $37 million on an AI-powered cyberattacker
By Lily Mae LazarusJune 8, 2026
In this AI-driven world, Tod Boehly has spotted the best test for leadership. Someone who is willing to say “I don’t know”
In this AI-driven world, Tod Boehly has spotted the best test for leadership. Someone who is willing to say “I don’t know”
By Kamal AhmedJune 8, 2026
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Big Tech
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‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis
‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis

The Nasdaq’s sudden lurch lower on Friday looked like a crack in a story that had seemed, until recently, almost bulletproof.

By Nick LichtenbergJune 8, 2026
Nvidia’s CEO says new Vera chip will use SK Hynix’s memory chips

“We had a very big year this year with SK Hynix, and we are preparing for a very, very large second half of the year and next year.”

By Yoolim Lee and BloombergJune 7, 2026
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’

“With a great Jobs Report, like just announced, stocks should go up, not down,” Trump posted. “That’s the way it was for 200 years. Growth does not mean inflation!”

By Eva RoytburgJune 7, 2026
OpenAI readies ‘superapp’ pivot ahead of planned IPO, FT reports

The strategy is being driven by the conviction that the future of AI belongs to autonomous agents capable of executing complex, multi-step tasks.

By Amedeo Goria and BloombergJune 7, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

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

By Jim EdwardsJune 8, 2026
Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos

Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.

By Jason MaJune 7, 2026
AI’s mega stock deals raise specter of more shares than buyers

“This is something that we haven’t seen in such a scale and in such a short time. It’s a huge supply event.”

By Jeran Wittenstein, Henry Ren and BloombergJune 7, 2026
SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX

“Selling flows in recent winners and levered products from retail to invest in SpaceX could be very large.”

By Jason MaJune 7, 2026
More in Startups & Venture
AI
More in AI
Tech leaders are moving beyond AI hype: Here’s what’s actually working
Tech leaders are moving beyond AI hype: Here’s what’s actually working

Senior technology leaders from Mars, Orange, Reckitt, and Saint-Gobain discuss how to turn AI ambition into enterprise transformation.

By Francesca CassidyJune 8, 2026
Banks lay groundwork for mass workforce cuts as AI takes hold

Banks are cutting junior analyst classes by as much as two-thirds while sourcing roughly 62% of their AI talent from those same cohorts.

By Meg Short and BloombergJune 7, 2026
The short seller’s argument nobody on the coming mega IPO roadshow wants you to make

OpenAI, Anthropic, and SpaceX are pricing in a global AI economy that doesn’t exist yet — and their durable money is in São Paulo and Addis Ababa.

By Bhaskar ChakravortiJune 7, 2026
Anthropic CEO Dario Amodei spends 40% of his time on culture, not AI—including a biweekly ‘vision quest’ where he ditches ‘corpo speak’

Dario Amodei says constant communication and avoiding “corpo speak” keep Anthropic’s 2,500 employees aligned as the AI race heats up.

By Marco Quiroz-GutierrezJune 7, 2026
More in AI
Innovation
More in Innovation
SpaceX and other mega IPOs may wait years to join the S&P 500
SpaceX and other mega IPOs may wait years to join the S&P 500

Unlike S&P, Nasdaq Inc. did change its rules, allowing Nasdaq 100 entry in just 15 trading days, down from a three-month minimum.

By Bailey Lipschultz, Vildana Hajric and BloombergJune 6, 2026
Chinese humanoid robots dominate the market with thousands shipped a year. But most are still performative rather than functional

“Without the demand and without that scale from the market, these companies are not able to really go into mass production.”

By Chan Ho-Him and The Associated PressJune 6, 2026
SpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation

SpaceX’s valuation will set the bar for what the must achieve going forward to reward investors.

By Shawn TullyJune 6, 2026
Elon Musk bullet-proofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla

The CEO will have almost complete control of his Texas-based space company, without colonizing Mars or building a single non-Earth data center.

By Amanda GerutJune 6, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Businesses are declaring war on AI slop. They are fighting a losing battle
Businesses are declaring war on AI slop. They are fighting a losing battle

Efforts to wipe the web of AI slop has sparked a new technological arms race between the tools generating fake content and the tools trying to catch it

By Sam BirchallJune 5, 2026
IBM, AT&T accused by whistleblower of covering up foreign hacks

The hackers allegedly breached massive IBM cloud computing infrastructure that’s widely used by many parts of the U.S. government, including the military.

By Jake Bleiberg, Mark Anderson and BloombergJune 4, 2026
What Suno’s $5.4 billion valuation says about the future of AI and music—and what remains uncertain

From birthday songs to hospice tributes, Suno is finding real-world uses for AI-generated music. Whether that translates into a sustainable multibillion-dollar business is less clear.

By Sharon GoldmanJune 4, 2026
World’s largest sovereign wealth fund backs push for Google oversight on government use of its AI and cloud technology

A coalition of investors managing $1.15 trillion is pressing Alphabet to explain how it monitors government use of its cloud and AI services.

By Beatrice NolanJune 4, 2026
More in Cybersecurity
Latest Stories
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C-SuiteThe CEO question that stumped a room full of COOs
By Ruth UmohJune 8, 2026
The 5 Best Lion’s Mane Supplements of 2026: Expert Approved
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Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy
NewslettersVisa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy
By Jeff John RobertsJune 8, 2026
Snowflake CEO says there’s a big myth at the heart of every org chart
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Top CD rates today, June 8, 2026: Lock in up to up to 4.30%
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Today’s top high-yield savings rates: Up to 5.00% on June 8, 2026
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Mortgage rates today, June 8, 2026
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Current refi mortgage rates report for June 8, 2026
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More Tech
Sam Altman and Oliver Mulherin pose
C-SuiteOpenAI’s Sam Altman says his highly disciplined daily routine has ‘fallen to crap’—and now unwinds on weekends at a ranch with no cell phone service
By Jacqueline MunisJune 7, 2026
  • Elon Musk, wearing all black, smiles and looks to the side.
    InvestingA dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500’s best shareholder return
    By Sasha RogelbergJune 4, 2026
Pastel colored sky casting shadows over the colorful houses and behind Sutro Tower.
Real EstateThis realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first
By Jacqueline MunisJune 7, 2026
Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
AIFormer AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
By Jason MaJune 6, 2026
Marvell Technology, Flex to join S&P 500 later this month
InvestingMarvell Technology, Flex to join S&P 500 later this month
By Isabelle Lee and BloombergJune 6, 2026
bernie
AIBernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI
By Joey Cappelletti, Seung Min Kim and The Associated PressJune 6, 2026
sa
CommentaryWhen good money goes bad: the question SpaceX and OpenAI investors aren’t asking
By Rory McDonaldJune 6, 2026
  • Europe wants more control over global AI services. America is warning them to take care—and history is on their side
    EuropeEurope wants more control over global AI services. America is warning them to take care—and history is on their side
    By Kamal AhmedJune 4, 2026
Upset frustrated and confused female worker folding hands on chin
Future of WorkA CEO denied raises to spend money on AI instead. Companies have ‘no idea what they’re going to need in a workforce’ when the AI race is over
By Jacqueline MunisJune 6, 2026
trump
PoliticsMAGA hates AI, but Trump agrees with Bernie it might be time for partial government ownership
By Nick LichtenbergJune 5, 2026
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
InvestingTech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
By Jason MaJune 5, 2026
The Class of 2026: Meet the 12 companies making their Fortune 500 debut
Startups & VentureThe Class of 2026: Meet the 12 companies making their Fortune 500 debut
By Marco Quiroz-GutierrezJune 5, 2026
jack
PoliticsA Kennedy, Kellyanne Conway’s ex-husband and a former Palantir data scientist debated AI regulation. Welcome to the Manhattan primary
By Anthony Izaguirre and The Associated PressJune 5, 2026
  • Anthropic logo on a phone.
    AIAmazon and Google have billions riding on Anthropic. The IPO will finally reveal how much.
    By Beatrice NolanJune 4, 2026
Elon Musk holding a glass of wine.
BankingJamie Dimon called Elon Musk the ‘Edison of our time’ as JPMorgan hosted SpaceX’s $75 billion IPO road show—and even invited Musk’s mom
By Tristan BoveJune 5, 2026
boss
Future of WorkAI productivity gains are real but so is bad management: ‘Leaders are really struggling to articulate what the vision and strategy is’
By Sasha RogelbergJune 5, 2026
cma
AIGoogle forced to allow news sites to opt out of AI scraping in ‘world first,’ UK watchdog says
By Kelvin Chan and The Associated PressJune 5, 2026
broker
Economy3 warnings from analysts on the truth lurking beneath the ‘barnburner’ jobs report — and why America’s AI hiring crisis is far from over
By Nick LichtenbergJune 5, 2026
Melinda French Gates is done waiting for health care to take menopause seriously
MPWMelinda French Gates is done waiting for health care to take menopause seriously
By Emma HinchliffeJune 5, 2026
nyse
AI‘At some point you’ve got to make money’: Goldman’s top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOs
By Nick LichtenbergJune 5, 2026
SAG-AFTRA approves a four-year contract with studios and streamers
Arts & EntertainmentSAG-AFTRA approves a four-year contract with studios and streamers
By The Associated Press and Andrew DaltonJune 5, 2026
Anthropic co-founder Jack Clark.
AIAnthropic warns AI could soon build itself without human involvement—and urges a global pause on development
By Beatrice NolanJune 5, 2026
mc
CommentaryWhat AI is actually good for
By Maria ColacurcioJune 5, 2026
Sarah Friar, CFO of OpenAI
AIOpenAI CFO: Not knowing AI tools like Codex is now a dealbreaker for finance hires
By Sheryl EstradaJune 5, 2026
Elon Musk stares
Personal FinanceThe S&P 500 will initially exclude SpaceX but Elon Musk is coming for your retirement savings anyway
By Jim EdwardsJune 5, 2026
Trae Stephens touches his chin while speaking
Startups & VentureAnduril’s Trae Stephens says defense tech is headed for a shakeout
By Lily Mae LazarusJune 5, 2026
Anthropic co-founder Jack Clark in Seoul on May 22, 2024. (Photo: Anthony Wallace/AFP/Getty Images)
NewslettersAnthropic: Self-improving AI systems may pose societal risks
By Andrew NuscaJune 5, 2026
A man in a crowd holds a sign that says, "Moratorium NOW!"
Environment‘Big Tech is desperate’: Amazon engineers are calling out the tech giant for its $200 billion in data center spending after slashing 30,000 workers
By Sasha RogelbergJune 5, 2026
AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
AIAI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
By Marco Quiroz-GutierrezJune 5, 2026
‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy
Asia‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy
By Nicholas GordonJune 4, 2026
Airbnb CEO Brian Chesky plans to start a new AI company
Startups & VentureAirbnb CEO Brian Chesky plans to start a new AI company
By Shirin Ghaffary, Edward Ludlow, Natalie Lung and BloombergJune 4, 2026
James Talarico
PoliticsAI is primarily a blue state problem, and Democrats have the most to lose amid brewing voter ‘techlash’
By Tristan BoveJune 4, 2026
SpaceX and Anthropic are about to go public—and your 401(k) may be forced to buy in
InvestingSpaceX and Anthropic are about to go public—and your 401(k) may be forced to buy in
By Catherina GioinoJune 4, 2026
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Economy
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their moneyplaceholder alt text
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