Shawn Tully

Shawn Tully

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

  • Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. The US-Saudi Investment Forum 2025 brings together visionaries, leaders, and changemakers shaping the future of global investment. Photographer: Stefani Reynolds/Bloomberg via Getty ImagesC-Suite

    Elon Musk has started work toward his $1 trillion Tesla pay package. But 2 loopholes foreshadow how it could be a bust for shareholders

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  • Representative Jodey Arrington, a Republican from Texas, from left, Senator Ted Cruz, a Republican from Texas, Clay Magouyrk, co-chief executive officer of Oracle Corp., Sam Altman, chief executive officer of OpenAI Inc., Vikas Parekh, managing partner at SoftBank Investment Advisers, and Weldon Hurt, mayor of Abilene, Texas, during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the US. Photographer: Kyle Grillot/Bloomberg via Getty ImagesgAI

    AI rivals like OpenAI, Nvidia, and Oracle are collaborating to build ‘Stargate’—but a Yale expert says it violates 135 years of antitrust law

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  • Nvidia-social-thumbnail-horizontalMagazine

    Nvidia looked invincible. Now it’s showing cracks

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  • Matthew Swain has built a thriving business in ‘directs.’Investing

    The 30-year-old obsessive networker who is leading a wildly profitable niche on Wall Street known as ‘directs’

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  • Elon Musk boarding a plane.Big Tech

    Tesla posts weak earnings again, and the ‘Musk Magic’ Premium shows its shares are way overpriced

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  • Charlie Scharf CEO Of Wells Fargo photographed in his officeBanking

    Wells Fargo was reeling from scandal. Jamie Dimon protégé Charlie Scharf bet his career on saving the 173-year-old bank

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  • NEW YORK, NEW YORK – SEPTEMBER 23: U.S. President Donald Trump (R) shakes hands with President of Argentina Javier Milei during a bilateral meeting at the 80th session of the UN’s General Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in New York City.Economy

    Inside the Trump team’s secret talks to rescue Argentina—with the help of the ‘Money Doctor’ who wants to stop the ‘pink tide’ sweeping Latin America

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  • Stephen Miran, governor of the US Federal Reserve, during an Economic Club of New York luncheon in New York, US, on Monday, Sept. 22, 2025. Miran said interest rates are too high and made a case for lowering them aggressively in the coming months to protect the labor market. Photographer: Michael Nagle/Bloomberg via Getty ImagesEconomy

    Stephen Miran, who Trump nominated to undermine Fed independence, once wrote a scathing critique of how the Fed wasn’t independent enough

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  • Stock market information on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025. Wall Street traders left stocks hovering near all-time highs amid calls for a break after a $15 trillion rally from April lows, with traders awaiting a handful of Federal Reserve speakers and a key inflation measure. Photographer: Michael Nagle/Bloomberg via Getty ImagesInvesting

    The S&P 500’s PE ratio just hit 30. That number is a terrible omen for investors

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  • Amex Chairman and CEO Squeri is unveiling a long anticipated Platinum card “refresh.”Banking

    American Express’s CEO unveils a big upgrade to its $895 Platinum Card—and explains how he’s targeting Gen Z and Millennials

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  • WASHINGTON, DC – MAY 30: Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Musk, who served as an adviser to Trump and led the Department of Government Efficiency, announced he would leave his role the Trump administration to refocus on his businesses. (Photo by Kevin Dietsch/Getty Images)Finance

    Elon Musk delivered on Tesla’s ‘mission impossible’ goals before—but the targets for his $1 trillion pay package are even more delusional

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  • Nvidia CEO Jensen Huang acknowledges being recognized by US President Donald Trump as he delivers remarks at the “Winning the AI Race” AI Summit at the Andrew W. Mellon Auditorium in Washington, DC, on July 23, 2025.Finance

    Nvidia is facing its biggest challenge yet: The law of large numbers

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  • NEW YORK, NEW YORK – APRIL 09: Tourists visit the Wall Street Bull in the Financial District on April 09, 2025, in New York City. After U.S. President Donald Trump declared a 90-day tariff pause for many countries, the S&P 500 was up more than 8% in afternoon trading. (Photo by Spencer Platt/Getty Images)Finance

    The S&P 500’s new record high comes with a very costly catch for investors

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  • Keurig Dr Pepper (KDP) CEO Tim Cofer at a Dr Pepper Fansville campaign activation at the National Association of Convenience Stores trade show in Las VegasFinance

    Why KDP’s CEO decided to forge a coffee colossus with the $18 billion acquisition of Peet’s—then spin it off and separate the soda business

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  • trade war between USA and ChinaFinance

    It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble U.S. economic growth

    By Steve H. Hanke and Shawn Tully