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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 11, 2026
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A person holds an iPhone as someone next to them points at the screen.
You can blame America’s plummeting fertility rate on the iPhone, study finds: ‘People are all depressed and alone and doomscrolling’

A recent NBER paper noted the link between iPhone sales and declining births could be a result of more time on devices, and less time connecting.

By Sasha RogelbergJune 12, 2026
SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders
SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders
By Mia OsmonbekovJune 12, 2026
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
By Jeremy KahnJune 11, 2026
Dr. Shiv Rao speaks
Abridge wants to be the operating system for medicine—and NVIDIA and Eli Lilly are helping build it
By Lily Mae LazarusJune 11, 2026
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
By Shawn TullyJune 11, 2026
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
By Garrett IlgJune 11, 2026
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Big Tech
More in Big Tech
Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads
Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads

LG Electronics worked with the crypto protocol Arbitrum to develop its own blockchain.

By Jack Kubinec and Ben WeissJune 11, 2026
After backlash, Anthropic says its AI will now tell users when their request is being rejected or downgraded for national security concerns

Anthropic’s latest model previously downgraded certain user requests quietly and without warning.

By Marco Quiroz-GutierrezJune 11, 2026
T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price

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

By Jim EdwardsJune 11, 2026
Brazil’s biggest soccer broadcaster Is now a guy who started on Twitch. He beat Globo

Casimiro Miguel is 32. His channel has all 104 World Cup games in the world’s most soccer-obsessed country.

By Nick Lichtenberg, Tales Azzoni and The Associated PressJune 11, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare
Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare

The U.S. defense industry must leverage private venture capital and dual-use technologies, leading technology executives and venture capitalists said at Brainstorm Tech 2026.

By Sebastian HerreraJune 11, 2026
As SpaceX goes public, a $100 billion shadow market faces a reckoning

SpaceX’s public debut could kick off months (or even years) of reckoning in the venture secondaries market, the pre-IPO Wild West.

By Allie GarfinkleJune 11, 2026
Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders

The winners of SpaceX’s blockbuster IPO—valuing the company at $1.75 trillion—might not just be investors, but also the ones who welded the rockets.

By Preston ForeJune 11, 2026
‘China follows Musk very closely’: While SpaceX blocked Chinese investors from IPO, China’s space firms prep their own as a counterweight

China has ramped up its space initiatives to compete with SpaceX’s ascent in the last three years, with some commercial space firms eying similar satellite and rocket launch goals.

By Mia OsmonbekovJune 11, 2026
More in Startups & Venture
AI
More in AI
The real hurdle to enterprise AI isn’t fixing productivity KPIs. It’s ‘unlearning’ old habits, experts say
The real hurdle to enterprise AI isn’t fixing productivity KPIs. It’s ‘unlearning’ old habits, experts say

At Fortune Brainstorm Tech, industry experts discussed why practices like measuring hours saved is the wrong KPI for the AI age.

By Sebastian HerreraJune 11, 2026
Tech leaders argue AI’s real future Is task augmentation, not mass layoffs

CEOs of C.H. Robinson and Agility Robotics said today’s cutting-edge of automation isn’t replacing the whole human.

By Sebastian HerreraJune 11, 2026
Stranded on a Denver tarmac, Booking.com’s CEO envisions the AI that should have rerouted him to Aspen before takeoff

At Fortune’s Brainstorm Tech conference, Booking Holdings CEO Glenn Fogel described the AI travel agent he wants to build, while Ryan Serhant shared how ChatGPT nearly ruined a $50 million deal.

By Sydney LakeJune 11, 2026
The head of Claude Code hasn’t ‘written a line of code by hand’ in 8 months

Boris Cherny was asked at Brainstorm Tech if he was concerned about the rapid progress of AI: “Yes.”

By Nick LichtenbergJune 11, 2026
More in AI
Innovation
More in Innovation
While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond
While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond

In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services like communications or imagery.

By Jason MaJune 11, 2026
SpaceX is about to make history—and 80% of VCs won’t see a dime of it

A live Term Sheet meetup of investors agreed SpaceX, OpenAI, and Anthropic will reward a sliver of venture. But most of the industry will be watching from the sidelines.

By Amanda GerutJune 11, 2026
SpaceX’s record IPO has Wall Street torn between a Musk ‘holy grail’ and a $135-per-share leap of faith

Analysts disagree on whether SpaceX is worth what Musk is asking.

By Marco Quiroz-GutierrezJune 11, 2026
Meet the Fortune Crypto Innovators

These 30 companies and projects are pushing the digital assets ecosystem forward.

By FortuneJune 11, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
ice
Westchester County built a 600-camera plate reader network that shared 1.6 billion scans with ICE, lawsuit says

A class action lawsuit alleges the county shared years of motorist travel data with 50+ agencies including ICE, with no public authorization.

By Byron Tau and The Associated PressJune 11, 2026
Canada joins global movement to ban social media for kids: ‘We are failing our children. Enough is enough’

New legislation puts the burden of proof on companies — not parents — to demonstrate their platforms are safe, mirroring Australia’s ban.

By Rob Gillies and The Associated PressJune 11, 2026
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful

Treating server location as an expression of sovereignty threatens resilience, competition, and ASEAN’s ambitions for a shared digital market.

By Leonard LimJune 10, 2026
South Korea fines Coupang record $409 million for data breach

Coupang has been under fire after regulators discovered a former employee improperly accessed personal information from nearly 34 million accounts.

By Jaehyun Eom, Shinhye Kang and BloombergJune 11, 2026
More in Cybersecurity
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The chaos at CBS News shows the limits of ‘blow it up’ leadership
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Melania launches Trump Accounts for foster kids — and Democratic governors want no part of it
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AIForget the STEM safety net. Peter Thiel warns AI is a bigger threat to technical roles than to creative thinkers
By Jake AngeloMay 31, 2026
  • Prosecutors issue Google insider trading charges after an employee made more than $1.2 million on Polymarket
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CEOs blame AI for layoffs, but an MIT professor says it fits a long-running pattern to find a cover story. ‘They’ve been saying that for 20 years’
AICEOs blame AI for layoffs, but an MIT professor says it fits a long-running pattern to find a cover story. ‘They’ve been saying that for 20 years’
By Marco Quiroz-GutierrezMay 31, 2026
Experimental pill nearly doubles survival time for people with advanced pancreatic cancer. ‘I actually started crying’
HealthExperimental pill nearly doubles survival time for people with advanced pancreatic cancer. ‘I actually started crying’
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Special operations commander says while AI could determine targets, humans must be sure ‘it’s going to deliver violence only where we intend it’
AISpecial operations commander says while AI could determine targets, humans must be sure ‘it’s going to deliver violence only where we intend it’
By Konstantin Toropin and The Associated PressMay 31, 2026
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CommentaryBill Nye: Companies say there’s a skills gap. They’re wrong — and students can prove it
By Bill NyeMay 31, 2026
Samsung’s UK exec admits work-life balance is a myth: ‘Anyone who tells you otherwise is either very lucky or not being entirely truthful’
SuccessSamsung’s UK exec admits work-life balance is a myth: ‘Anyone who tells you otherwise is either very lucky or not being entirely truthful’
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A girl holds an tablet in front of her face.
North AmericaStop blaming immigration for low U.S. reading scores, top psychologist says. The problem is actually devices giving easy access to social media
By Sasha RogelbergMay 31, 2026
Elon Musk surrounded by Money symbols
InvestingIf Elon Musk merges SpaceX with Tesla he’ll create a $3.4 trillion behemoth—with zero profits
By Shawn TullyMay 31, 2026
SoftBank plans up to €75 billion investment in French AI centers
AISoftBank plans up to €75 billion investment in French AI centers
By Benoit Berthelot and BloombergMay 30, 2026
After Blue Origin rocket explosion, NASA’s entire moon exploration program depends on SpaceX for now as Musk eyes blockbuster IPO soon
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By Jason MaMay 30, 2026
Snowflake CEO says monster quarter shows why software firms need new pricing models to thrive in AI age
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By Sebastian HerreraMay 30, 2026
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    By Tarika BarrettMay 29, 2026
Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance
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By Marco Quiroz-GutierrezMay 30, 2026
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AIAI is splitting the music world. This 49-year-old guitarist used it to keep playing after Parkinson’s
By Mustakim Hasnath and The Associated PressMay 30, 2026
Russian spies are more aggressively trying to steal Western technology as sanctions add to mounting problems for Putin’s wartime economy
EuropeRussian spies are more aggressively trying to steal Western technology as sanctions add to mounting problems for Putin’s wartime economy
By Emma Burrows and The Associated PressMay 30, 2026
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CommentaryI worked with Steve Jobs at Apple, where every OS update killed startups. AI founders are about to face the same thing
By Matt RogersMay 30, 2026
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CybersecurityTaylor Swift just exposed a blind spot in AI law — and it’s bigger than copyright
By Daryl Lim and The ConversationMay 30, 2026
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By Anat Lior and The ConversationMay 30, 2026
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AITwo popes, two industrial revolutions — and one warning for Big AI
By Nathan Schneider and The ConversationMay 30, 2026
Nvidia CFO Colette Kress: ‘AI is no longer a nice-to-have’
MPWNvidia CFO Colette Kress: ‘AI is no longer a nice-to-have’
By Sheryl EstradaMay 30, 2026
sam
CommentaryThe AI economy could crash on mounting chip costs — and those token costs won’t help
By Rakesh KumarMay 30, 2026
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CommentaryThe Pope and Anthropic agree: AI Companies cannot govern this alone
By Shlomit WagmanMay 30, 2026
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AIAsana was battered by the AI boom. Now it’s betting its future on humans and agents working together.
By Beatrice NolanMay 29, 2026
Exclusive: Microsoft is building a super app that combines coding, chat, and other Copilot AI tools
AIExclusive: Microsoft is building a super app that combines coding, chat, and other Copilot AI tools
By Sebastian HerreraMay 29, 2026
Claude Mythos shown on a smartphone screen.
AIAnthropic leapfrogs OpenAI with a record $965 billion valuation and says its ‘Mythos’ AI model is coming soon 
By Beatrice NolanMay 29, 2026
Why Meta hired Dina Powell McCormick
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The AI arms race in cybersecurity has started. Most companies aren’t ready
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By Philip MartinMay 29, 2026
Kalshi adds perpetual futures for U.S. traders following thumbs-up from key regulator
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By Jack KubinecMay 29, 2026
Lisa Su, CEO of AMD
SuccessAMD CEO Lisa Su tells grads they shape the future, not AI—and the world doesn’t just need ‘people who know how to use powerful tools’
By Emma BurleighMay 29, 2026
Bonta stands at podium and gestures with one hand.
CybersecurityCalifornia sues 23andMe over alleged ‘lax’ data security that failed to protect nearly 7 million users’ data in 2023 breach
By Jaimie Ding and The Associated PressMay 29, 2026
Four men in a row smiling at the camera.
Travel & LeisureUber wants to answer the hotel industry’s most asked question. Now it’s integrating into 15,000 hotels globally
By Catherina GioinoMay 29, 2026
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Most Popular
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longerplaceholder alt text
By Sasha RogelbergJune 10, 2026
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it backplaceholder alt text
By Catherina GioinoJune 9, 2026
Personal Finance
Current price of oil as of June 11, 2026placeholder alt text
By Joseph HostetlerJune 11, 2026
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