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'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

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Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

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Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

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'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

2

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

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Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
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Chinese beauty brands flock to Southeast Asia as their first step in going global
Chinese beauty brands flock to Southeast Asia as their first step in going global

Southeast Asia is “closer to home and encompasses many emerging economies with young populations.” 

By Angelica AngJune 9, 2026
Brian Schimpf gestures with both hands as he speaks on stage.
Anduril CEO Brian Schimpf says economic warfare is the ‘new normal’ for military conflicts—and the U.S. needs to get serious
By Lily Mae LazarusJune 8, 2026
Pentagon accuses Alibaba, Baidu and BYD, three of China’s biggest companies, of supporting the Chinese military
Pentagon accuses Alibaba, Baidu and BYD, three of China’s biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
Twitch CEO: Social media has become ‘antisocial’ and can’t match the shared, human connection of livestreaming
Twitch CEO: Social media has become ‘antisocial’ and can’t match the shared, human connection of livestreaming
By Sebastian HerreraJune 8, 2026
Two men sitting on chairs on a stage
Your career needs a ‘gym membership’ to keep up with continuous AI advancements, says Campus founder Tade Oyerinde
By Amanda GerutJune 8, 2026
ChatGPT maker OpenAI confidentially files for IPO, a week after Anthropic
ChatGPT maker OpenAI confidentially files for IPO, a week after Anthropic
By Bloomberg, Shirin Ghaffary and Bailey LipschultzJune 8, 2026
News
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As America nears its 250th, roughly half thinks the American Dream isn’t true anymore
As America nears its 250th, roughly half thinks the American Dream isn’t true anymore

Americans feel it’s harder to get ahead, and more than half of them under 30 believe democracy isn’t essential to the country’s identity.

By The Associated Press, Gary Fields, Linley Sanders and Nicholas RiccardiJune 8, 2026
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

“Don’t read too much into it,” one international trade expert said. “See, this isn’t serious.”

By Sasha RogelbergJune 8, 2026
SoFi Stadium workers vote to authorize a strike as Los Angeles prepares to host World Cup games

Stadium workers near Los Angeles have voted to authorize a strike as the venue prepares to host the U.S. men’s soccer team’s opening World Cup match. It doesn’t guarantee that the 2,000 bartenders, servers, cooks and dishwashers at SoFi Stadium in Inglewood, California, will walk off the job. But it gives them the option to […]

By The Associated Press and Amy TaxinJune 8, 2026
Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants

This is the first papal visit to Spain since Pope Benedict visited in 2011, and drew an estimated 1.5 million people for mass on Sunday.

By The Associated Press, Suman Naishadham and Nicole WinfieldJune 8, 2026
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North America
More in North America
Child struggling with schoolwork
70% of fourth-graders aren’t reading proficiently, report finds—one of several areas where education is failing America’s kids

A new report on childhood well-being finds the U.S. education system is still reeling from COVID—but the learning crisis started long before the pandemic hit.

By Tristan BoveJune 8, 2026
Gen Z might be the flakiest generation when it comes to career and life decisions. They might also be the most intentional

Young people are playing a careful and cautious game in today’s economy.

By Tristan BoveJune 8, 2026
Inside Trump’s Oval Office deal machine

From tariffs and rate cuts to Intel and Iran, Fortune reports from the room where America’s economic agenda is being hashed out.

By Alyson ShontellJune 8, 2026
Walmart CEO John Furner says even wealthy shoppers are now shopping at the discount grocery chain as high prices stretch six-figure earners

Walmart CEO John Furner says wealthy customers are shopping at the budget grocery chain as high prices stretch family finances to a breaking point.

By Emma BurleighJune 8, 2026
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Europe
More in Europe
Spotify’s secret to winning the hiring war? Keep your talent moving and growing
Spotify’s secret to winning the hiring war? Keep your talent moving and growing

External hiring is no longer a reliable way to build capability. Spotify’s answer: create an internal talent marketplace that keeps top performers moving—and staying.

By Francesca CassidyJune 8, 2026
The women running Europe in 2026 

Twenty of the leaders celebrated in Fortune’s Most Powerful Women list are from Europe. Their roles reveal where power is concentrated across the continent and what it takes to reach the top of European business.

By Sam BirchallJune 8, 2026
In this AI-driven world, Todd Boehly has spotted the best test for leadership. Someone who is willing to say “I don’t know”

When considering investments and whom to work with, Boehly says two things matter— the ability to say “no” and “I don’t know”.  

By Kamal AhmedJune 8, 2026
Tech leaders are moving beyond AI hype: Here’s what’s actually working

Senior technology leaders from Mars, Orange, Reckitt, and Saint-Gobain discuss how to turn AI ambition into enterprise transformation.

By Francesca CassidyJune 8, 2026
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Asia
More in Asia
AXA launches a new insurance and wealth platform for HNWIs as Hong Kong wealth surges past Switzerland
AXA launches a new insurance and wealth platform for HNWIs as Hong Kong wealth surges past Switzerland

Hong Kong insurance policies have become a popular investment option for wealthy mainland Chinese.

By Nicholas GordonJune 8, 2026
Nvidia’s CEO says new Vera chip will use SK Hynix’s memory chips

“We had a very big year this year with SK Hynix, and we are preparing for a very, very large second half of the year and next year.”

By Yoolim Lee and BloombergJune 7, 2026
‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy

“You can’t find another China. There’s no other China out there now,” Greater China chair Joe Ngai says.

By Nicholas GordonJune 4, 2026
Asia turns to U.S. oil and gas amid Iran war: ‘We get too much into that tree-hugging mode’

Singapore looks to U.S. supplies as it builds out its natural gas importing infrastructure.

By Jordan BlumJune 4, 2026
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Middle East
More in Middle East
The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

Iran’s grip on the Strait of Hormuz is adding $100 billion to airlines’ collective fuel bill this year.

By Marco Quiroz-GutierrezJune 8, 2026
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

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

By Jim EdwardsJune 8, 2026
Iran fires missiles at Israel in first such bombardment since ceasefire as Trump says ‘I’m not happy about’ Israeli strikes on Lebanon

Tehran had warned of retaliation after Israel struck Beirut’s southern suburbs without warning earlier Sunday in defiance of Washington’s request days ago to stand down.

By Kareem Chehayeb, Samy Magdy, Melanie Lidman and The Associated PressJune 7, 2026
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’

“The attack drones posed an immediate threat to regional maritime traffic,” U.S. Central Command said.

By Jason MaJune 6, 2026
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Global
More in Global
Gen Z hiring manager says CEOs are right about her generation’s ‘attitude’ problem after a candidate took the interview from her phone
Gen Z hiring manager says CEOs are right about her generation’s ‘attitude’ problem after a candidate took the interview from her phone

“Gen Z aren’t getting jobs because of their attitude,” a Gen Z hiring manager slams after one applicant dialed in from their phone and demanded more money.

By Orianna Rosa RoyleJune 9, 2026
How Michael Saylor’s preferred stock gamble could trigger a death spiral for Strategy

Michael Saylor leveraged Strategy to the hilt. Now the math is working against him.

By Shawn TullyJune 9, 2026
Best private student loans for grad school in June 2026

You’ve conquered your undergraduate degree—but you’re not quite done yet. Which lender best suits your grad school goals?

By Joseph HostetlerJune 8, 2026
Anthropic’s Boris Cherny, creator of Claude Code, says there are days he manages tens of thousands of AI agents at once

As Claude Code increasingly writes, tests, reviews, and proposes improvements to itself, Cherny says developers are becoming managers of vast fleets of AI agents.

By Sharon GoldmanJune 8, 2026
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Anthropic’s CFO Krishna Rao is steering one of the most anticipated IPOs ever
NewslettersAnthropic’s CFO Krishna Rao is steering one of the most anticipated IPOs ever
By Sheryl EstradaJune 2, 2026
dario
NewslettersAnthropic’s confidential S-1 signals summer AI IPO race could heat up fast
By Allie GarfinkleJune 2, 2026
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MagazineAn AI overhaul at Macy’s is fueling the 168-year-old retailer’s turnaround
By Phil WahbaJune 2, 2026
Jensen Huang, chief executive officer of Nvidia Corp
AIJensen Huang says he pays Nvidia staff ‘as much as possible’ in bid to share the wealth from AI boom
By Eleanor PringleJune 2, 2026
‘Where we are today is frightening’: a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
Banking‘Where we are today is frightening’: a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
By Nick LichtenbergJune 2, 2026
Trump tells Netanyahu, ‘You’re f—ing crazy’ and Wall Street sees it as a sign he’s losing patience with the war and wants it done
InvestingTrump tells Netanyahu, ‘You’re f—ing crazy’ and Wall Street sees it as a sign he’s losing patience with the war and wants it done
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Welcome to the new voice of intelligence in the Middle East
NewslettersWelcome to the new voice of intelligence in the Middle East
By Alyson ShontellJune 2, 2026
The U.S. and Europe feared the Iran conflict would curtail the Gulf’s appetite for global investments. The opposite is true
Middle EastThe U.S. and Europe feared the Iran conflict would curtail the Gulf’s appetite for global investments. The opposite is true
By Melissa HancockJune 2, 2026
liaquat
CommentaryI won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me
By Liaquat AhamedJune 2, 2026
Meet America’s ‘Disillusioned’: the 32% feeling betrayed and rejecting the establishment—and they’re not who you think
EconomyMeet America’s ‘Disillusioned’: the 32% feeling betrayed and rejecting the establishment—and they’re not who you think
By Nick Lichtenberg and Catherina GioinoJune 2, 2026
He sent out 3,200 résumés and got zero job offers in the 2008 crash. Now Outdoor Boys’ Luke Nichols is telling grads how he survived
SuccessHe sent out 3,200 résumés and got zero job offers in the 2008 crash. Now Outdoor Boys’ Luke Nichols is telling grads how he survived
By Sydney LakeJune 2, 2026
Jeff Bezos has a 25-year-old hack for stress—and it has nothing to do with your workload or a bad job market.  ‘People get stress wrong all the time’
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By Orianna Rosa RoyleJune 2, 2026
SpaceX CEO Elon Musk
InvestingIf S&P Dow Jones rewrites its listing rules, SpaceX and Anthropic will benefit—investors won’t
By Eva RoytburgJune 2, 2026
goldman
EconomyIt’s not a recession. But Goldman says your paycheck is acting like it
By Nick LichtenbergJune 2, 2026
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North AmericaFIFA’s foray into dynamic pricing may be backfiring by keeping actual fans out of the World Cup—and sending some prices lower as backlash hits demand
By Sasha RogelbergJune 2, 2026
v
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By Preston ForeJune 1, 2026
Ravi Kumar S.
ConferencesCognizant CEO is swimming against the tide on AI: he’s hiring over 20,000 graduates this year and says AI tokenmaxxing is a ‘vanity metric’
By Preston ForeJune 1, 2026
tr
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ConferencesGrey rhinos, black swans, and the kidnapping of Nancy Guthrie: What Corporate America still gets wrong about risk
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gh
AIThe ‘godfather of AI’ says we’re not just creating new beings — they’ll be much smarter than us, and soon
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‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
Conferences‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
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okta
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Harvard Law: Anthropic is about to sell a safety mission Wall Street can veto
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By Catherina GioinoJune 1, 2026
dario
AIAnthropic confidentially files its S-1 first—but the IPO race with OpenAI is just beginning
By Allie GarfinkleJune 1, 2026
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InvestingBuffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
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Florida sues OpenAI and CEO Sam Altman over allegations of marketing ChatGPT despite serious risks of user safety
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EconomyLast year was a ‘quiet’ one for wildfires. Catastrophic blazes in Canada, South Korea and LA still made it the costliest fire year in history
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'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPOplaceholder alt text
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Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduatesplaceholder alt text
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Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazonplaceholder alt text
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