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MagazineThe American Dream according to Bill Ackman

The billionaire investor on reviving Americans’ faith in capitalism—and the family crisis reshaping his legacy.

By Jeff John RobertsJuly 20, 2026
Photo of Hugging Face cofounder and CEO Clement Delangue.
Cybersecurity
Hugging Face says it resorted to a Chinese AI model to battle a fully autonomous cyberattack because U.S. model guardrails stymied its defense
By Emily ForliniJuly 20, 2026
Mark Cuban, in front of a purple background, has his mouth open and is looking to his left.
Success
Mark Cuban says he has the solution to growing income inequality, and it’s to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
Latest
U.S. military launches 10th straight night of airstrikes on Iran as Houthi allies threaten Red Sea, but glimmers of hope appear on diplomatic front50 minutes ago
Trump to impose 50% tariffs on most Canadian goods, invoking the ‘nuclear option’ that could unleash a new wave of economic chaos and inflation1 hour ago
Three women chop their way into the record books at Lumberjack World Championships2 hours ago
Trump admin attempted to uncover phone records of NYT journalists and sources related to coverage of Qatari-gifted Air Force One2 hours ago
Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
Newsletters
Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
By Emma HinchliffeJuly 20, 2026
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
Economy
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
By Jason MaJuly 20, 2026
Retirees wait for the day they can sell their homes and cash in—but there’s a secret Medicare ‘trap’ that could stop them in their tracks
Personal Finance
Retirees wait for the day they can sell their homes and cash in—but there’s a secret Medicare ‘trap’ that could stop them in their tracks
By Sydney LakeJuly 20, 2026
Nestlé KitKat Original chocolate bars
Retail
How Nestlé turned a chocolate heist into a masterclass in brand building 
By Sam BirchallJuly 20, 2026
Ferran Torres
Success
Spain’s Ferran Torres scored the winning goal in the World Cup—but just four years ago, he was in therapy and stuck in a ‘bottomless pit’
By Emma BurleighJuly 20, 2026
Christopher Nolan wearing a black suit
Success
Christopher Nolan was rejected from film school as a teen. Today, the Oscar-winning director behind  ‘The Odyssey’ is worth $250 million
By Preston ForeJuly 20, 2026
A woman in a red shirt, surrounded by other people, cheers and holds a fist in the air.
Economy
The minimum wage is now the lowest it’s been in 70 years—making the federal wage floor ‘officially a poverty wage,’ report finds
By Sasha RogelbergJuly 20, 2026
Backed by Daymond John and Post Malone, this Afghan-born founder built a $150M brand. Her real mission: the women back home
Success
Backed by Daymond John and Post Malone, this Afghan-born founder built a $150M brand. Her real mission: the women back home
By Sydney LakeJuly 20, 2026
Newsletters
MPW DailyBy Emma Hinchliffe
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Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
Fortune CryptoBy Jeff John Roberts
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Coinbase’s big Base mistake offers an important lesson for the crypto industry
Fortune Workplace InnovationBy Kristin Stoller
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HR has a credibility problem—and it starts with not speaking the language of finance
Next to LeadBy Ruth Umoh
C-suite promotions now come with three or more jobs
MarketsBy Jim Edwards
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‘Harvest now, decrypt later’: Hackers are stealing data they can’t even read yet—banking on quantum computers to crack it later
Fortune TechBy Andrew Nusca
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Thanks to $5.7 billion in Kalshi and Polymarket bets, FIFA’s World Cup final may be ‘the largest gambling event in history’
AI
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
AI
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
By Catherina GioinoJuly 20, 2026
Photo of Hugging Face cofounder and CEO Clement Delangue.
Cybersecurity
Hugging Face says it resorted to a Chinese AI model to battle a fully autonomous cyberattack because U.S. model guardrails stymied its defense
By Emily ForliniJuly 20, 2026
Sumeet Agrawal is VP of Product Management (Data, AI Governance & Context Engineering for Agentic Systems) at Salesforce.
Commentary
Salesforce VP on the leaky AI pipeline: why cheaper tokens won’t fix enterprise AI
By Sumeet AgrawalJuly 20, 2026
Artificial Intelligence technology and futuristic technology transformation
C-Suite
How CFOs can tell if AI is actually creating value
By Sheryl EstradaJuly 20, 2026
Term Sheet podcast
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How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 24, 2026
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The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 11, 2026
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Investment bankers built a $2B AI to replace themselves | Term SheetMay 28, 2026
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This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
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From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
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How to raise a CEO: The "Godmother of Silicon Valley" Esther WojcickiApril 22, 2026
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The Startup Fighting to Save the American Farm with Modern FinanceApril 8, 2026
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How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 18, 2026
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Why revenue is an outdated metric | Term SheetFebruary 18, 2026
Video ThumbnailPlay39:10
Chemistry cofounder: "more talented founders than ever" are moving into health care | Term SheetFebruary 4, 2026
Success
Three women chop their way into the record books at Lumberjack World Championships
North America
Three women chop their way into the record books at Lumberjack World Championships
By The Associated Press and Ellen SchmidtJuly 20, 2026
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
AI
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
By Catherina GioinoJuly 20, 2026
Mark Cuban, in front of a purple background, has his mouth open and is looking to his left.
Success
Mark Cuban says he has the solution to growing income inequality, and it’s to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
Ferran Torres
Success
Spain’s Ferran Torres scored the winning goal in the World Cup—but just four years ago, he was in therapy and stuck in a ‘bottomless pit’
By Emma BurleighJuly 20, 2026
From the Magazine
MagazineCiti’s 5-year comeback: How CEO Jane Fraser turned the bank’s chronic underperformance into decade-high revenue

20,000 layoffs, 14 markets exited, one flatter bank—Jane Fraser’s Citi playbook is working. Wall Street wants to know what’s next.

By Claire ZillmanMay 27, 2026
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
Magazine
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
By Emma HinchliffeMay 27, 2026
Inside the ultra-luxury eco-adventure industry turning conservation into a status symbol
Magazine
Inside the ultra-luxury eco-adventure industry turning conservation into a status symbol
By Adam EraceMay 24, 2026
Microsoft lost its way in the AI race. Can Copilot get it back on course?
Magazine
Microsoft lost its way in the AI race. Can Copilot get it back on course?
By Jeremy KahnMay 21, 2026
Why the AI field’s biggest names are betting billions on ‘world models’
Magazine
Why the AI field’s biggest names are betting billions on ‘world models’
By Sharon GoldmanMay 20, 2026
Energy
U.S. military launches 10th straight night of airstrikes on Iran as Houthi allies threaten Red Sea, but glimmers of hope appear on diplomatic front
Energy
U.S. military launches 10th straight night of airstrikes on Iran as Houthi allies threaten Red Sea, but glimmers of hope appear on diplomatic front
By Jon Gambrell and The Associated PressJuly 20, 2026
Blue Owl Capital owns about a third of the Freedom Fuel properties: A look inside the $3.47 gas chain
North America
Blue Owl Capital owns about a third of the Freedom Fuel properties: A look inside the $3.47 gas chain
By Brian Slodysko, Michael Biesecker and Josh BoakJuly 20, 2026
Monument in Iran.
Energy
U.S. bombs Iran for ninth straight night as Tehran strikes Kuwait, Jordan, and Bahrain
By The Associated Press and Jon GambrellJuly 20, 2026
gas
Energy
Gas prices snap back to $4 as Trump’s Iran truce unravels
By The Associated PressJuly 20, 2026
Fortune Rankings
Fortune Southeast Asia 500
Fortune Southeast Asia 500
By FortuneJune 15, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Leadership
Three women chop their way into the record books at Lumberjack World Championships
North America
Three women chop their way into the record books at Lumberjack World Championships
By The Associated Press and Ellen SchmidtJuly 20, 2026
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
AI
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
By Catherina GioinoJuly 20, 2026
FIFA President Gianni Infantino puts up a hand to show a thumbs up gesture at a World Cup game.
Environment
FIFA President Infantino spent over 100 hours in the air during the 2026 World Cup amid pledge to reduce carbon emissions
By The Associated Press and Rio YamatJuly 20, 2026
Mark Cuban, in front of a purple background, has his mouth open and is looking to his left.
Success
Mark Cuban says he has the solution to growing income inequality, and it’s to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AI
Why dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AI
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AI
How Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AI
AI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
The American Dream according to Bill Ackman
Magazine
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
Photo: Asha Sharma
Big Tech
Exclusive: Xbox’s CEO on 3,200 layoffs, four studios cut, and her blunt warning that ‘we spread ourselves too thin’
By Sebastian HerreraJuly 6, 2026
David Senra poses in a black shirt in front of bookshelves
Startups & Venture
How David Senra built the podcast the world’s most powerful CEOs can’t stop listening to
By Lily Mae LazarusJuly 5, 2026
Nike’s self-inflicted wounds are risking CEO Elliott Hill’s nascent comeback
Retail
Nike’s self-inflicted wounds are risking CEO Elliott Hill’s nascent comeback
By Phil WahbaJuly 4, 2026
Real Estate
Types of mortgage loans: A guide to choosing the right one
Real Estate
Types of mortgage loans: A guide to choosing the right one
By Joseph HostetlerJuly 20, 2026
How soon after closing can you refinance a mortgage?
Personal Finance
How soon after closing can you refinance a mortgage?
By Joseph HostetlerJuly 20, 2026
Retirees wait for the day they can sell their homes and cash in—but there’s a secret Medicare ‘trap’ that could stop them in their tracks
Personal Finance
Retirees wait for the day they can sell their homes and cash in—but there’s a secret Medicare ‘trap’ that could stop them in their tracks
By Sydney LakeJuly 20, 2026
Current ARM mortgage rates report for July 20, 2026
Personal Finance
Current ARM mortgage rates report for July 20, 2026
By Glen Luke FlanaganJuly 20, 2026
Great Place to Work Rankings
Best Workplaces in Chicago
Best Large Workplaces in Chicago
By FortuneJune 16, 2026
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Commentary
AI agentsBy Sumeet Agrawal
Salesforce VP on the leaky AI pipeline: why cheaper tokens won’t fix enterprise AI
JapanBy Steve H. Hanke and John Greenwood
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Japan’s monetary conundrum — why the yen hit a 40-year low as interest rates hit a 31-year high
LeadershipBy Ryan Hawk
I’ve interviewed 700 leaders. The ones outsourcing their thinking to AI lose their best people first
World CupBy David Bohigian
Ranch dressing is quietly doing America’s diplomacy for it
RetirementBy Jeanne Thompson
Gen X built their whole identity on never needing help. Retirement is the one door they can’t unlock alone
LeadershipBy Michael Sonnenfeldt
Ginsburg and Biden’s blind spot: when leaders don’t know when to leave
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