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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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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45

1

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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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
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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

At Fortune Brainstorm Tech, executives said that finding value from AI starts with strategy and continues with process reinvention.

By Jeremy KahnJune 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
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
By Jack Kubinec and Ben WeissJune 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
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
By Sebastian HerreraJune 11, 2026
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Big Tech
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After backlash, Anthropic says its AI will now tell users when their request is being rejected or downgraded for national security concerns
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
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
Gates testifies on Epstein: previous Fortune investigation reveals payments to his ex-girlfriend, $1M Microsoft deal

Bill Gates said Wednesday that he made a “grave error in judgment” by meeting with Jeffrey Epstein.

By Eva Roytburg, Joey Cappelletti, Hannah Schoenbaum and The Associated PressJune 10, 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
More in Big Tech
Startups & Venture
More in Startups & Venture
As SpaceX goes public, a $100 billion shadow market faces a reckoning
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
‘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
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
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
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
A man in a suit jacket gestures with his hands.
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
Meet the Fortune Crypto Innovators

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

By FortuneJune 11, 2026
The space economy’s next frontier is in ground infrastructure, Northwood Space CEO says

At Fortune Brainstorm Tech conference, Bridgit Mendler emphasized how massive leaps in launch capacity and spacecraft manufacturing are supercharging the space economy.

By Sebastian HerreraJune 10, 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
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
Latest Stories
defense
PoliticsTrump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
By Jill Lawless, Danica Kirka and The Associated PressJune 11, 2026
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 10, 2026 in New York City.
InvestingBank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%
By Eva RoytburgJune 11, 2026
Full Coverage Car Insurance: What It Covers, What It Costs, and Who Needs It
Personal FinanceFull Coverage Car Insurance: What It Covers, What It Costs, and Who Needs It
By Joseph HostetlerJune 11, 2026
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BrickHouse Nutrition Field of Greens Review (2026)
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By Emily PharesJune 11, 2026
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
SuccessAmerican taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 2026
Inflation is roaring back globally, 2022 style. The Iran war is only half the problem
EconomyInflation is roaring back globally, 2022 style. The Iran war is only half the problem
By Eva RoytburgJune 11, 2026
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
NewslettersHow Hollywood trained Bridgit Mendler for life as a space founder
By Emma HinchliffeJune 11, 2026
More TechPage 97 of 100
Tidalwave raises $22 million Series A to improve the mortgage process with AI
NewslettersTidalwave raises $22 million Series A to improve the mortgage process with AI
By Allie GarfinkleNovember 21, 2025
  • Nvidia CEO Jensen Huang at the U.S.-Saudi Investment Forum in Washington, DC.
    AINvidia CEO Jensen Huang earnings call namechecked Saudi AI company Humain three times. Here’s why
    By Jeremy KahnNovember 19, 2025
Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia.
Investing‘Don’t sell just because there’s a bubble,’ says Ray Dalio, but be prepared for low returns over the next 10 years
By Eleanor PringleNovember 21, 2025
Skims founding partner Emma Grede says she routinely brushes up on her AI skills to "future-proof" her career.
Future of WorkSkims founding partner Emma Grede schedules an ‘AI day’ once every six weeks to future-proof her career: ‘It’s like do or die’
By Nino PaoliNovember 21, 2025
Sam Altman’s eye-scanning orb startup says employees should only care about work—for the good of humanity—otherwise ‘you should just not be here’
CryptoSam Altman’s eye-scanning orb startup says employees should only care about work—for the good of humanity—otherwise ‘you should just not be here’
By Marco Quiroz-GutierrezNovember 21, 2025
Sen. Josh Hawley (R-Mo.) at the U.S. Capitol Building on October 27, 2025 in Washington, DC. (Photo: Anna Moneymaker/Getty Images)
NewslettersTop Republicans reject Trump proposal to ban state AI regulation
By Andrew NuscaNovember 21, 2025
Are doctors at risk of AI automation? ‘Those who don’t use it will be replaced by those who do’
AsiaAre doctors at risk of AI automation? ‘Those who don’t use it will be replaced by those who do’
By Angelica AngNovember 21, 2025
  • AI’s power and water consumption is worrying the agriculture sector: ‘Don’t forget that it is also required for us to grow food’
    EnvironmentAI’s power and water consumption is worrying the agriculture sector: ‘Don’t forget that it is also required for us to grow food’
    By Angelica AngNovember 19, 2025
Southeast Asia needs to ‘think bigger’ if it wants to compete at the same level as the world’s biggest companies
AsiaSoutheast Asia needs to ‘think bigger’ if it wants to compete at the same level as the world’s biggest companies
By Jonathan GanNovember 21, 2025
GLP-1s could end up being ‘the first true longevity drug’ as the world battles a rising obesity crisis
HealthGLP-1s could end up being ‘the first true longevity drug’ as the world battles a rising obesity crisis
By Angelica AngNovember 21, 2025
Jefferies’ Chris Wood called Japan’s crash and the U.S. housing bubble. He’s now warning of an ‘AI capex arms race’
AsiaJefferies’ Chris Wood called Japan’s crash and the U.S. housing bubble. He’s now warning of an ‘AI capex arms race’
By David AustinNovember 20, 2025
an Nvidia graphics processing unit illustration
CybersecurityFour accused in black-market scheme to smuggle hundreds of Nvidia GPUs to China—while raking in millions
By Amanda GerutNovember 20, 2025
Intrinsic, an Alphabet company, and Nvidia supplier Foxconn will join forces to deploy AI robots in the latter’s U.S. factories
InnovationIntrinsic, an Alphabet company, and Nvidia supplier Foxconn will join forces to deploy AI robots in the latter’s U.S. factories
By Nicholas GordonNovember 20, 2025
  • Nvidia CEO Jensen Huang
    AINvidia says it has ‘visibility to a half a trillion dollars’ in revenue through 2026. That would make it one of America’s biggest companies
    By Matthew HeimerNovember 19, 2025
Ray Dalio, Founder and CIO Mentor, Bridgewater Associates speaks onstage during The Wall Street Journal's 2024 The Future Of Everything Festival at Spring Studios on May 22, 2024 in New York City.
Big TechNvidia turns negative after Ray Dalio warns the latest market boom is a ‘big bubble with big wealth gaps’ poised for a politically explosive bust
By Eva RoytburgNovember 20, 2025
Jensen Huang
AIThe ‘loopification’ of AI is making me dizzy
By Sharon GoldmanNovember 20, 2025
picture of gold coins with bitcoin logo on it
CryptoCrypto’s Q4 wipeout is among worst in memory–but better times may be ahead, says analyst
By Carlos GarciaNovember 20, 2025
Exclusive: Nevada congresswoman sends letter to Governor Lombardo ‘demanding transparency’ and accountability on rescinded Boring Company penalties
Startups & VentureExclusive: Nevada congresswoman sends letter to Governor Lombardo ‘demanding transparency’ and accountability on rescinded Boring Company penalties
By Jessica MathewsNovember 20, 2025
Senator Mark Warner
SuccessUnemployment could hit 25% among recent grads and trigger ‘unprecedented’ social disruption thanks to AI, U.S. senator warns
By Preston ForeNovember 20, 2025
Trump addresses the press corps while motioning to Scott Bessent
PoliticsTrump tells Scott Bessent to fix the Fed’s high interest rates or ‘I’m going to fire your ass’
By Dave SmithNovember 20, 2025
Jill Standish, global retail lead, Accenture
CommentaryReports of the retail store’s demise have been greatly exaggerated
By Jill StandishNovember 20, 2025
Kennedy Center
AI‘Yes, it is an ambitious, crazy thing’: Scenes from the Kennedy Center’s Saudi-U.S. AI mind-meld, with Trump, MBS, Musk and Huang
By Josh Boak and The Associated PressNovember 20, 2025
Jensen Huang
Big TechNvidia faces down bubble talk with 65% profit leap and 62% jump in revenue
By The Associated PressNovember 20, 2025
Two men stand in front of the Manhattan Bridge
CryptoExclusive: Former BlackRock employees raise $4.6 million for HelloTrade, a blockchain-powered trading platform
By Carlos GarciaNovember 20, 2025
Stuut raises $29.5 million Series A led by Andreessen Horowitz to automate accounts receivable
NewslettersStuut raises $29.5 million Series A led by Andreessen Horowitz to automate accounts receivable
By Allie GarfinkleNovember 20, 2025
Photo: HANAU, GERMANY - NOVEMBER 12: A general view of a Google Cloud center on November 12, 2025 in Hanau, Germany. Google will expand the Hanau site as part of a EUR 5.5 billion investment in Germany that the company announced yesterday. The investment, Google's biggest ever in Germany, includes the Hanau expansion and the construction of a new data center complex in nearby Dietzenbach. (Photo by Florian Wiegand/Getty Images)
AIMore Big Tech company debt ‘would increase the macro risks associated with the AI build-out,’ Goldman Sachs warns
By Jim EdwardsNovember 20, 2025
Johor is building a 7,300-acre innovation hub on the Singapore border, offering ‘land and scale’ for its neighbor’s ‘capital and speed’
AsiaJohor is building a 7,300-acre innovation hub on the Singapore border, offering ‘land and scale’ for its neighbor’s ‘capital and speed’
By Jonathan GanNovember 20, 2025
David McWilliams
EconomyOne of the world’s most popular economists on why AI is ‘undoubtedly going to crash’: It’s built off ‘digital lettuce’—and the U.S. will be just fine anyway
By Nick LichtenbergNovember 20, 2025
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.
PoliticsMillions of Gen Zers are watching Hitler and Holocaust denial clips on Instagram
By Eva RoytburgNovember 20, 2025
Nvidia co-founder and CEO Jensen Huang in Washington, D.C. on November 19, 2025. (Photo: Brendan Smialowski/AFP/Getty Images)
NewslettersThe AI boom continues as Nvidia tops estimates (again)
By Andrew NuscaNovember 20, 2025
5 stocks to buy—and 5 to avoid—if 2026 brings a downturn
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By Jeff John Roberts, Ben Weiss and Allie GarfinkleNovember 20, 2025
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By Emma BurleighNovember 20, 2025
AI may replace people in Southeast Asia’s scam complexes—and that could undercut the drive to stop them
AsiaAI may replace people in Southeast Asia’s scam complexes—and that could undercut the drive to stop them
By Angelica AngNovember 20, 2025
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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
Innovation
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45placeholder alt text
By Amanda GerutJune 9, 2026
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