Shawn Tully

Shawn Tully

Shawn Tully is a senior editor-at-large at Fortune.

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Fortune Quarterly Investment Guide 2023 Q4

Revenge of the Rust Belt: The surprising forces that have made the Midwest the hottest housing market around

PARIS, FRANCE – JUNE 16: Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. Elon Musk is visiting Paris for the VivaTech show where he gives a conference in front of 4,000 technology enthusiasts. He also took the opportunity to meet Bernard Arnaud, CEO of LVMH and the French President. Emmanuel Macron, who has already met Elon Musk twice in recent months, hopes to convince him to set up a Tesla battery factory in France, his pioneer company in electric cars. (Photo by Chesnot/Getty Images)

Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks

Elon Musk waves as he arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators.

Elon Musk’s $13 billion whip hand against Wall Street: How interest rates and the financial disaster at Twitter put the world’s richest man in the driver’s seat

Business Investor buying stock ,cryptocurrency, bitcoin, through mobile app

The S&P 500 suffered a rough September. And the worst is still to come

By Shawn Tully and Sheryl Estrada

NYSE trader

The S&P is heading below 3,000. Basic math (and a metric beloved by famed economist Robert Shiller) suggests it

Marc Rowan, chief executive officer of Apollo Global Management LLC

Apollo’s Marc Rowan actually paid attention in actuarial studies—and what he learned is helping turn his firm into a $1 trillion business

By Shawn Tully and Sheryl Estrada

Marc Rowan, chief executive officer of Apollo Global Management LLC, in New York, US, on Monday, April 24, 2023. The New York-based firm has about $548 billion in assets under management. Photographer: Victor J. Blue/Bloomberg via Getty Images

Apollo’s ‘golden age’: CEO Marc Rowan is already supercharging profits—and has a strategy to turn the Wall Street heavyweight into a $1 trillion business

Jeffrey Sprecher, President and Founder, CEO, ICE (Inter Contiental Exchange), photographed in Paris (Photo by Stephane GRANGIER/Corbis via Getty Images)

The man who bought the NYSE just made a $11.9 billion bet that he can fast-track your mortgage for far less than you’re paying now

Elon Musk, billionaire and chief executive officer of Tesla, at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. Musk predicted his Neuralink Corp. would carry out its first brain implant later this year. Photographer: Nathan Laine/Bloomberg via Getty Images

According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

MIAMI, FLORIDA – APRIL 7: Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. The world’s largest bitcoin conference runs from April 6-9, expecting over 30,000 people in attendance and over 7 million live stream viewers worldwide.(Photo by Marco Bello/Getty Images)

Cathie Wood’s flagship ARK fund has rebounded this year—but only 4 of its 27 holdings are profitable

NEW YORK – JULY 20: Excited Harry Potter fan Pill Young Yoo (R) holds the first purchased book “Harry Potter And The Deathly Hallows” with Borders CEO George Jones (L) at Borders inside the Time Warner Center on July 20, 2007 in New York City. (Photo by Astrid Stawiarz/Getty Images)

The new world of ‘direct transactions private investments’ and how one private equity vet is using the strategy to revive Care Bears

By Sheryl Estrada and Shawn Tully

Federal Reserve Chair Jerome Powell at the Jackson Hole economic symposium in Wyoming on Aug. 25, 2023.

Two economists from different camps see peril in Fed Chair Jerome Powell’s comments on inflation and interest rates from Jackson Hole

TAIPEI, TAIWAN – 2023/06/01: Jensen Huang, President of NVIDIA at supermicro keynote presentation during the COMPUTEX 2023. The COMPUTEX 2023 runs from 30 May to 02 June 2023 and gathers over 1,000 exhibitors from 26 different countries with 3000 booths to display their latest products and to sign orders with foreign buyers. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)

Nvidia’s A.I.-fueled profit beat has investors cheering—but a deeper analysis shows serious valuation problems

Then Borders CEO George Jones opens the first box of “Harry Potter and the Deathly Hallows" at a Borders in the Time Warner Center, July 20, 2007, in New York City.

The Target-trained marketing genius who helped move $16 billion in Harry Potter movies and merch has a nascent new project: Reviving Care Bears

WASHINGTON, DC – JULY 28: Federal Reserve Chairman Jerome Powell participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, DC. The council met to deliver an update on the Council’s Climate-related Financial Risk Committee and spoke on the transition from LIBOR. (Photo by Kevin Dietsch/Getty Images)

Why is the stock market reeling? The Fed is now risking an unnecessary crash landing, according to a noted economist