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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

3

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
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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
More in Middle East
Global
More in Global
Best private student loans for grad school in June 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
Apple debuts Siri AI at WWDC as Tim Cook prepares to hand over the reins

At WWDC 2026, Apple unveiled a rebuilt Siri, new AI photography tools, and a stand-alone assistant app in its most ambitious AI push to date.

By Beatrice NolanJune 8, 2026
Kaged Pre-Workout Review (2026): Athlete Approved

Workout and nutrition experts weigh in for our Kaged pre-workout review

By Christina SnyderJune 8, 2026
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Liquid IV Review (2026): Our Personal Experience
HealthLiquid IV Review (2026): Our Personal Experience
By Christina SnyderJune 8, 2026
Biotics 8 Review (2026): Expert Tested
HealthBiotics 8 Review (2026): Expert Tested
By Emily PharesJune 8, 2026
Jacked Factory Authentic Whey Protein Review (2026)
HealthJacked Factory Authentic Whey Protein Review (2026)
By Emily PharesJune 8, 2026
Can AI level the playing field for early-stage female founders? Their optimism about fundraising is increasing
NewslettersCan AI level the playing field for early-stage female founders? Their optimism about fundraising is increasing
By Emma HinchliffeJune 8, 2026
gfhsg
AI‘We may be flying blind’: AWS wants to fix the problem of AI agents straying off task
By Nick LichtenbergJune 8, 2026
A trader works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Friday, June 5, 2026.
InvestingThe AI trade’s worst day in a year became a buying opportunity by Monday
By Eva RoytburgJune 8, 2026
How retail investors can participate in the SpaceX IPO
InvestingHow retail investors can participate in the SpaceX IPO
By Jason MaJune 8, 2026
Jeff Bezos commits himself to make ‘three good decisions a day,’ inspired by Warren Buffett’s philosophy of making smart choices
SuccessJeff Bezos commits himself to make ‘three good decisions a day,’ inspired by Warren Buffett’s philosophy of making smart choices
By Sydney LakeJune 8, 2026
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SuccessAs loyal Boomers win and job-switching Gen Zers lose, the labor market of 2026 reveals a decade of bad career advice
By Nick LichtenbergJune 1, 2026
A man sits at desk and looks anxiously at a computer screen
EconomyCEOs are losing confidence in the economy and expect conditions to worsen in the next six months, survey finds
By Jacqueline MunisJune 1, 2026
New Fed study shows remote work, not AI, is driving higher unemployment in younger workers
SuccessNew Fed study shows remote work, not AI, is driving higher unemployment in younger workers
By The Associated Press and Christopher RugaberJune 1, 2026
Torsten Slok, chief economist of Apollo Management
SuccessApollo chief economist says there’s ‘zero evidence’ AI is killing jobs—in fact, he says it’s creating them
By Emma BurleighJune 1, 2026
The Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies
EnergyThe Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies
By Jason MaJune 1, 2026
The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
EnergyThe Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
By Melissa HancockJune 1, 2026
The elderly and injured are using robots as home care support to help them get around their home
InnovationThe elderly and injured are using robots as home care support to help them get around their home
By The Associated Press and Matt O'BrienJune 1, 2026
Jensen Huang says Nvidia is ‘reinventing the personal computer’ as it unveils new powerful AI chips
AIJensen Huang says Nvidia is ‘reinventing the personal computer’ as it unveils new powerful AI chips
By The Associated Press, Chan Ho-Him and TAIJING WUJune 1, 2026
Malaysia bans children under 16 from using social media
AsiaMalaysia bans children under 16 from using social media
By The Associated Press and Eileen NgJune 1, 2026
ap
Arts & EntertainmentAnn Patchett opened a bookstore everyone said would fail. Now it’s a blueprint
By Hillel Italie and The Associated PressJune 1, 2026
Elon Musk holding a glass of wine during a U.S. diplomatic visit to China
CryptoSpaceX’s $1.4 billion Bitcoin hoard is a strategic reserve—and an accounting headache
By Jack KubinecJune 1, 2026
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Personal FinanceCurrent price of Bitcoin for June 1, 2026
By Joseph HostetlerJune 1, 2026
Current price of Ethereum for June 1, 2026
Personal FinanceCurrent price of Ethereum for June 1, 2026
By Joseph HostetlerJune 1, 2026
Fortune Editorial Director Kristin Stoller chats with Pepsico chief people officer Becky Schmitt
NewslettersRobots screening robots: Inside the AI arms race reshaping hiring
By Kristin StollerJune 1, 2026
Top CD rates from major banks June 1, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceTop CD rates from major banks on June 1, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 1, 2026
kominers
AIExclusive: Economists have been teaching an unproven proof for 50 years. AI just solved it
By Nick LichtenbergJune 1, 2026
Current price of oil as of June 1, 2026
Personal FinanceCurrent price of oil as of June 1, 2026
By Joseph HostetlerJune 1, 2026
Financial fraud in an era of blockchain and AI
NewslettersFinancial fraud in an era of blockchain and AI
By Jeff John RobertsJune 1, 2026
How to save the internet—according to Sam Altman’s all-seeing Orb  
EuropeHow to save the internet—according to Sam Altman’s all-seeing Orb  
By Sam BirchallJune 1, 2026
A SpaceX-Tesla union would mark the largest merger of all time. But does the math work?
NewslettersA SpaceX-Tesla union would mark the largest merger of all time. But does the math work?
By Sheryl EstradaJune 1, 2026
The hottest job below CEO comes with 4 distinct career tracks
C-SuiteThe hottest job below CEO comes with 4 distinct career tracks
By Ruth UmohJune 1, 2026
Exclusive: Mecka AI raises $60 million to train robots with human data sourced from body sensors and iPhones
NewslettersExclusive: Mecka AI raises $60 million to train robots with human data sourced from body sensors and iPhones
By Ben WeissJune 1, 2026
Jamie Dimon, chief executive officer of JPMorgan Chase
BankingJamie Dimon slams Coinbase CEO as ‘full of sh*t’ and warns banks won’t accept crypto bill
By Eleanor PringleJune 1, 2026
Photo: Elon Musk
EconomyA SpaceX-Tesla merger would be valued at $3.4 trillion—and still not make a dime
By Jim EdwardsJune 1, 2026
Exclusive: Binance adds U.S. stocks in ‘super app’ push, plans to launch tokenized shares
CryptoExclusive: Binance adds U.S. stocks in ‘super app’ push, plans to launch tokenized shares
By Jeff John RobertsJune 1, 2026
Fortune COO Summit 2026 livestream
ConferencesFortune COO Summit 2026 livestream
By Fortune EditorsJune 1, 2026
How Kelly Ortberg is rebuilding Boeing from the inside out
MagazineHow Kelly Ortberg is rebuilding Boeing from the inside out
By Shawn TullyJune 1, 2026
brian
BankingBillionaires already couldn’t talk to their grandchildren. Now they’re on opposite sides of the AI divide
By Nick LichtenbergJune 1, 2026
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Politics‘Being married is hard’: Graham Platner’s wife rips media reports of her husband’s sexual texts as ‘gossip’
By Jesse Bedayn, Kimberlee Kruesi and The Associated PressMay 31, 2026
jp
BankingPowell keeps battling Trump without saying his name: ‘Like many other institutions, the Fed has been undergoing a stress test’
By Leah Willingham and The Associated PressMay 31, 2026
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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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