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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuz

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Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuz

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Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners
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Shein CEO’s wealth slumps $15 billion after whittled-down IPO
Shein CEO’s wealth slumps $15 billion after whittled-down IPO

Shein is set to go public in Hong Kong on Tuesday at just over a quarter of the $100 billion it was worth in 2022.

By Dave Sebastian, Pui Gwen Yeung and BloombergAugust 30, 2026
It’s not just math and reading. Classroom devices deprive kids of skills needed in the AI future and how to be ‘fully human,’ education experts say
It’s not just math and reading. Classroom devices deprive kids of skills needed in the AI future and how to be ‘fully human,’ education experts say
By Jason MaAugust 30, 2026
SpaceX launches NASA’s newest crown-jewel telescope, which will look for ‘the weird, the rare and the unusual’ — including dark matter and energy
SpaceX launches NASA’s newest crown-jewel telescope, which will look for ‘the weird, the rare and the unusual’ — including dark matter and energy
By Marcia Dunn and The Associated PressAugust 30, 2026
Trump backlash adds new risks to the stocks the government owns
Trump backlash adds new risks to the stocks the government owns
By Norah Rami, Matthew Griffin and BloombergAugust 29, 2026
amy
Why the AI economy is like a bad dating app — drowning in decks, pilot purgatory — and it’s playing out like the dotcom bubble, except worse
By Nick LichtenbergAugust 30, 2026
With ‘virtual speed bumps,’ these cities have reduced crashes by rewarding slower drivers with fewer red lights
With ‘virtual speed bumps,’ these cities have reduced crashes by rewarding slower drivers with fewer red lights
By Jeff McMurray and The Associated PressAugust 29, 2026
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Big Tech
More in Big Tech
Forget GLP-1 stocks, baldness drugs are Wall Street’s next goldmine
Forget GLP-1 stocks, baldness drugs are Wall Street’s next goldmine

Pattern hair loss affects an estimated 50 million men and 30 million women in the US, but there have been no new approved drugs since the late 1990s.

By Avalon Pernell, Lisa Pham and BloombergAugust 29, 2026
Tech billionaires and executives like Evan Spiegel and Peter Thiel are publicly shielding their children from the products that made them rich

As governments race to restrict minors’ social media use, the tech billionaires who built the platforms are imposing strict screen limits at home.

By Marco Quiroz-GutierrezAugust 29, 2026
An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

By Sasha RogelbergAugust 28, 2026
Meta’s $17 billion teen safety settlement is really a 1% tax — and a play to box in TikTok and YouTube

The deeper lesson of is that product design, as a site of legal accountability, is a workable legal strategy.

By Carolina Rossini and The ConversationAugust 28, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
Woman in a blazer
Deloitte sees a $566 billion lunar economy by 2050

But a market that doesn’t exist yet could yield an even larger payoff.

By Amanda GerutAugust 28, 2026
Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia

The Stripe-owned company sees potential in Asia, where trade-heavy economies need faster cross-border payment rails.

By Angelica AngAugust 28, 2026
Nvidia CFO says about half of its data center business comes from customers beyond hyperscalers

Other customer segments are growing faster than the cloud giants that once dominated Nvidia’s sales.

By Sheryl EstradaAugust 27, 2026
A consultant who once railed against ‘the billionaire boys club’ is now leading opposition to California’s wealth tax

Ned Wigglesworth once blasted big donors for buying influence. Today, he’s helping lead a nine-figure campaign against Prop. 40

By Mia OsmonbekovAugust 27, 2026
More in Startups & Venture
AI
More in AI
A man with a headset sits at a desk in a call center.
The AI boom hasn’t stopped U.S. companies from hiring cheap offshore labor, and overseas call center employment is still skyrocketing

“The technology that was supposed to shrink the industry is fueling its expansion,” said Apollo chief economist Torsten Slok.

By Sasha RogelbergAugust 29, 2026
ChatGPT said you’d lose your jobs right now — it’s more like 3% of workers

The nationally representative poll of 1,250 employed adults also found 6% landed AI-created roles and 9% got AI-linked promotions between 2023 and 2026.

By Jeffrey C. Dixon and The ConversationAugust 29, 2026
‘I’m in favor of taxes,’ says Nvidia’s Jensen Huang—but he doesn’t agree with Bill Gates on his plan to slow an AI fallout

“I love the heck out of Bill … but I don’t see what he sees,” Huang said.

By Eleanor PringleAugust 28, 2026
Judge: Pentagon punished Anthropic for ‘arrogance,’ and that’s illegal

Anthropic has also filed a separate and narrower case that is still pending in the federal appeals court in Washington, D.C. 

By Kaitlyn Huamani and The Associated PressAugust 28, 2026
More in AI
Innovation
More in Innovation
Anthropic makes first move into physical AI with new way for scientists, manufacturers to bring equipment to life
Anthropic makes first move into physical AI with new way for scientists, manufacturers to bring equipment to life

The Model Hardware Standard (MHS) works with any AI model, not just Claude, but for now only a handful of companies can access the research preview.

By Emily ForliniAugust 27, 2026
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’

Defense spending is resurrecting an engineering and manufacturing base many believed had gone forever, with the U.K., France and Germany home to world-leading defense companies.

By Kamal AhmedAugust 27, 2026
SpaceX says it’s building its largest spaceport yet, committing $100 billion for a Louisiana site—adding to its list of billion-dollar expansion plans

Louisiana is getting a taste of Musk’s big ideas as they get a part of the CEO’s billions-of-dollar-plans to bring humanity to space.

By Joshua HongAugust 27, 2026
David Tisch has always been a collector. His firm’s biggest prize is a $1 billion return on Cursor

How BoxGroup and David Tisch hit it big with a once-unlikely bet.

By Allie GarfinkleAugust 27, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Flock is going from the center of the surveillance debate to bipartisan target in record time
Flock is going from the center of the surveillance debate to bipartisan target in record time

Two Arizona cities cut ties with the license-plate reader camera company hours apart, as Senators Sanders and Hawley took aim from Washington.

By Catherina GioinoAugust 28, 2026
Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money

As tap-to-pay makes street donations effortless, fraudsters are quietly inflating charges.

By Sydney LakeAugust 28, 2026
Grayscale CEO: Crypto winter has thawed—but market watchers are still missing the point

The CEO of Grayscale explains why the market volatility of the last 18 months barely matters in light of a broader sea change underway in finance.

By Peter MintzbergAugust 27, 2026
OpenAI bans pro-Russia ChatGPT accounts used to spread pro-Kremlin content including an Israel-based think tank using real researchers’ names

OpenAI claims Russian users hid behind VPNs to push a think tank tied to an influence operation and spread pro-Russia content online.

By Marco Quiroz-GutierrezAugust 27, 2026
More in Cybersecurity
Latest stories from Fortune
Warner Bros. axed ‘Coyote vs. Acme’ three years ago to take a tax write off. But it’s finally in theaters after a public outcry—and a box office hit
Arts & Entertainment
Warner Bros. axed ‘Coyote vs. Acme’ three years ago to take a tax write off. But it’s finally in theaters after a public outcry—and a box office hit
By Jake Coyle and The Associated PressAugust 30, 2026
Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz
Middle East
Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz
By Jason MaAugust 30, 2026
Battle for Hormuz: U.S. forces take first military action against Iran in a month, striking rocket launchers being used to deploy sea mines
Politics
Battle for Hormuz: U.S. forces take first military action against Iran in a month, striking rocket launchers being used to deploy sea mines
By Konstantin Toropin, Cara Anna, Ben Finley and The Associated PressAugust 30, 2026
Trump urges FCC to probe media polling, punish NBC moderator
Politics
Trump urges FCC to probe media polling, punish NBC moderator
By Jeff Mason and BloombergAugust 30, 2026
World mostly shrugs off Bessent’s ‘D-Day’ Iran sanctions threat
Politics
World mostly shrugs off Bessent’s ‘D-Day’ Iran sanctions threat
By Yash Roy, Patrick Sykes and BloombergAugust 30, 2026
Google Maps changes Lake Ontario label to Lake America in U.S.
North America
Google Maps changes Lake Ontario label to Lake America in U.S.
By Rachel Cohrs Zhang and BloombergAugust 30, 2026
‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S.
Energy
‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S.
By Collin Binkley, Juan Arraez and The Associated PressAugust 30, 2026
The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the ‘functionally unemployed’ keeps climbing
Economy
The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the ‘functionally unemployed’ keeps climbing
By Jason MaAugust 30, 2026
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A wave of CFO retirements is reshaping the Fortune 500—AT&T’s Pascal Desroches is the latest
AI
A wave of CFO retirements is reshaping the Fortune 500—AT&T’s Pascal Desroches is the latest
By Sheryl EstradaJune 18, 2026
  • Anthropic CEO Dario Amodei speaking into a microphone.
    Newsletters
    Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it
    By Jeremy KahnJune 16, 2026
France's President Emmanuel Macron (center) with Salesforce CEO Marc Benioff (left) and Anthropic CEO Dario Amodei (right) at a working lunch meeting at the G7 summit in Evian, France, on June 17, 2026.(Photo: Ludovic Marin/AFP/Getty Images)
Newsletters
AI chiefs call for regulation collaboration at the G7 summit
By Andrew NuscaJune 18, 2026
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
Success
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
By Orianna Rosa RoyleJune 18, 2026
Rbotic arm is gripping a CPU inside of a circuit board factory.
Innovation
Inside Europe’s most innovative companies
By Sam BirchallJune 18, 2026
kw
Economy
Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it
By Eva RoytburgJune 17, 2026
Apple prepares second-generation iPhone Air for spring 2027
Big Tech
Apple prepares second-generation iPhone Air for spring 2027
By Mark Gurman and BloombergJune 17, 2026
  • Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO
    Startups & Venture
    Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO
    By Ben WeissJune 16, 2026
World Cup, America 250 face new risk with spy law lapse
Cybersecurity
World Cup, America 250 face new risk with spy law lapse
By Caitlin Reilly, Roxana Tiron and BloombergJune 17, 2026
PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades
Startups & Venture
PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades
By Allie GarfinkleJune 17, 2026
Mark Zuckerberg speaks and holds both hands up while standing in front of a purple background.
Economy
Tokens are getting cheaper, but companies are spending even more on AI as a result, top economist warns
By Sasha RogelbergJune 17, 2026
Jeff Bezos
AI
‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less
By Catherina GioinoJune 17, 2026
Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
Newsletters
Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
By John KellJune 17, 2026
  • ‘Making China the elephant in the room’: The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say
    Europe
    ‘Making China the elephant in the room’: The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say
    By Mia OsmonbekovJune 16, 2026
jensen
AI
Jensen Huang on his relationship with Trump: ‘calls me in the middle of the night’
By Josh Boak and The Associated PressJune 17, 2026
Ned Koh turns in his chair, smiling.
AI
A 21-year-old cofounder’s sales pitch to clients begs them to question the company’s results: ‘Do not trust us. Do not trust our model’
By Eva RoytburgJune 17, 2026
Aravind Srinivas, co-founder and chief executive officer of Perplexity
Success
‘I have nothing to lose’: Perplexity CEO says fear of failure is ‘the stupidest thing’ holding you back
By Emma BurleighJune 17, 2026
Steve Ballmer
Success
Microsoft boss Steve Ballmer publicly dismissed Chrome as a ’rounding error’—but Google’s CEO says he used the jab as fuel to win the browser-wars
By Preston ForeJune 17, 2026
bores
Politics
OpenAI’s backers spent $7.6 million to destroy a state legislator. Anthropic spent $10 million to rescue him
By Matt Brown, Anthony Izaguirre, Nicholas Riccardi and The Associated PressJune 17, 2026
The global under-16 social media ban Is no longer a fringe policy
Europe
The global under-16 social media ban Is no longer a fringe policy
By The Associated PressJune 17, 2026
y
Arts & Entertainment
Meet the YouTubers remaking Hollywood, one Gen Z box-office smash at a time
By The Associated PressJune 17, 2026
Current price of Ethereum for June 17, 2026
Personal Finance
Current price of Ethereum for June 17, 2026
By Joseph HostetlerJune 17, 2026
Abhinav Agarwal and Jenny Duan
Startups & Venture
Exclusive: A 21-year-old Stanford grad just raised $11 million to put a hormone lab on your wrist
By Lily Mae LazarusJune 17, 2026
Karta founders Orlando Espinoza and Freddy Juez smile at the camera while holding up Karta cards.
Startups & Venture
Exclusive: Karta raises $15 million to bring WhatsApp-run U.S. credit cards to global travelers
By Camila Grigera NaónJune 17, 2026
Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.
Investing
Michael Burry is ‘tempted’ to short Elon Musk’s SpaceX, but says it’s not enticing enough for ‘fundamentally a small space company’
By Eleanor PringleJune 17, 2026
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
Newsletters
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
By Allie GarfinkleJune 17, 2026
aidan
AI
Cohere CEO on G7 leaders’ choice: sovereign AI or digital serfdom
By Aidan GomezJune 17, 2026
op
Economy
Your raise used to go offshore. Then it went to a buyback. Now it’s going to a data center
By Nick LichtenbergJune 17, 2026
Cursor co-founder and CEO Michael Truell speaking at Fortune Brainstorm AI 2025 in San Francisco, California. (Photo: Stuart Isett/Fortune)
Newsletters
SpaceX will officially acquire Cursor for $60 billion
By Andrew NuscaJune 17, 2026
Thasunda Brown Duckett sitting in front of a podcast microphone
Success
A 76-year-old was about to lose his entire $3 million retirement to a scam. TIAA’s AI caught it—but a human prevented disaster
By Preston ForeJune 17, 2026
He fled Iran for the American Dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer
Success
He fled Iran for the American Dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer
By Orianna Rosa RoyleJune 17, 2026
Citi, Ford, and Experian share their strategies for scaling AI agents
C-Suite
Citi, Ford, and Experian share their strategies for scaling AI agents
By Alexei OreskovicJune 16, 2026
Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas
Banking
Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas
By Angelica AngJune 16, 2026
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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economyplaceholder alt text
By Emma BurleighAugust 30, 2026
Middle East
Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuzplaceholder alt text
By Jason MaAugust 30, 2026
Economy
Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winnersplaceholder alt text
By Matt Sedensky and The Associated PressAugust 30, 2026
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