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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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Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

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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

1

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

2

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

3

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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Europe wants more control over global AI services. America is warning them to take care—and history is on their side
Europe
Europe wants more control over global AI services. America is warning them to take care—and history is on their side
By Kamal AhmedJune 4, 2026
  • Texas is the new capital of the Fortune 500—taking California’s crown
    Economy
    Texas is the new capital of the Fortune 500—taking California’s crown
    By Jacqueline MunisJune 3, 2026
Anthropic logo on a phone.
AI
Amazon and Google have billions riding on Anthropic. The IPO will finally reveal how much.
By Beatrice NolanJune 4, 2026
The label from a box of peptides next to 10 vials of an orange substance.
Crypto
I bought peptides with crypto. How my purchase helped fuel a $100 million gray-market, ‘looksmaxxing’ economy
By Ben WeissJune 4, 2026
rd
Investing
Ray Dalio warns the stock market is approaching 1929 and 2000 bubble levels—but another crisis is ‘past the point of no return’
By Nick LichtenbergJune 4, 2026
Itai Ben-Zaken poses with his arms crossed while wearing a suit.
Startups & Venture
Exclusive: Investors bet $40 million on Honeycomb’s no-inspection landlord insurance AI
By Lily Mae LazarusJune 4, 2026
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC.
Big Tech
Buried in SpaceX’s IPO: a Tesla merger clue and a $3.75 billion insider windfall for friends and family
By Jim EdwardsJune 4, 2026
  • Who is Chris Olah? The atheist Anthropic cofounder the Pope chose to sit beside him at the Vatican and tell the tech industry it can’t govern itself
    AI
    Who is Chris Olah? The atheist Anthropic cofounder the Pope chose to sit beside him at the Vatican and tell the tech industry it can’t govern itself
    By Marco Quiroz-GutierrezJune 3, 2026
Elon Musk at SpaceX headquarters near Brownsville, Texas. (Photo: Marvin Joseph/The Washington Post/Getty Images)
Newsletters
Breaking convention, SpaceX sets IPO price before roadshow
By Andrew NuscaJune 4, 2026
A single new sentence in SpaceX’s amended IPO filing could signal the biggest merger in history
Startups & Venture
A single new sentence in SpaceX’s amended IPO filing could signal the biggest merger in history
By Shawn TullyJune 4, 2026
SpaceX may be the biggest IPO ever, but Morningstar says it is overvalued by half and the smart investors will wait out the hype and buy later
Startups & Venture
SpaceX may be the biggest IPO ever, but Morningstar says it is overvalued by half and the smart investors will wait out the hype and buy later
By Marco Quiroz-GutierrezJune 3, 2026
Kumo AI cofounders standing in a line. From left: Vanja Josifovski, Hema Raghavan, and Jare Leskovec.
Startups & Venture
Exclusive: Nvidia snaps up Kumo AI in latest acquisition
By Sharon GoldmanJune 3, 2026
These Fortune 500 companies are bigger than most national economies—here’s where they’d rank as countries
Big Tech
These Fortune 500 companies are bigger than most national economies—here’s where they’d rank as countries
By Catherina GioinoJune 3, 2026
  • Intel CEO Lip-Bu Tan.
    Magazine
    Intel’s new CEO cut management layers in half. The stock is up nearly 500%
    By Jeff John RobertsJune 3, 2026
ste
Economy
OECD warns of ‘scarring effects,’ recession scenarios—but finds ‘no signs of widespread labour displacement’ from AI
By Nick LichtenbergJune 3, 2026
Google CEO Sundar Pichai
AI
By every measure, U.S. companies are winning on AI adoption—but a series of high-profile snafus shows they’re getting pummeled by costs
By Tristan BoveJune 3, 2026
‘A landmark moment for homebuying’: A San Francisco seller wants OpenAI or Anthropic stock for their $3 million home
Real Estate
‘A landmark moment for homebuying’: A San Francisco seller wants OpenAI or Anthropic stock for their $3 million home
By Sydney LakeJune 3, 2026
Bernie Sanders wants Americans to own a piece of AI. The Trump White House seems to agree
AI
Bernie Sanders wants Americans to own a piece of AI. The Trump White House seems to agree
By Catherina GioinoJune 3, 2026
dw
Conferences
This CEO has had 6 major jobs in Silicon Valley: How Dennis Woodside built a career on saying yes to hard problems
By Nick LichtenbergJune 3, 2026
dep
Conferences
‘Will I still matter?’ The ‘Optimism Doctor’ says people can tolerate uncertainty—the AI angst is about something else
By Nick LichtenbergJune 3, 2026
A new AI-powered computer worm could prove to be the stuff of cybersecurity nightmares
Cybersecurity
A new AI-powered computer worm could prove to be the stuff of cybersecurity nightmares
By Sharon GoldmanJune 3, 2026
coo
Conferences
From ‘reinvention exhaustion’ to ‘friction absorption’: the e-commerce elves who make your groceries and clothes appear are worn out
By Nick LichtenbergJune 3, 2026
How Bazooka’s CIO is bringing AI to the gum game and navigating candy industry headwinds
Newsletters
How Bazooka’s CIO is bringing AI to the gum game and navigating candy industry headwinds
By John KellJune 3, 2026
European Union launches new tech sovereignty package to remove dependence from American and Asian AI and microchips
Europe
European Union launches new tech sovereignty package to remove dependence from American and Asian AI and microchips
By The Associated PressJune 3, 2026
Nscale has raised billions to power Europe’s AI ambitions. Now the startup must prove the hype can survive reality
Magazine
Nscale has raised billions to power Europe’s AI ambitions. Now the startup must prove the hype can survive reality
By Beatrice NolanJune 3, 2026
jstina
Success
The IBM executive tasked with retraining 30 million workers is changing how she thinks about the AI finish line
By Nick LichtenbergJune 3, 2026
as
Commentary
The most contrarian and durable bet in AI is 85 million moms
By Allison SternJune 3, 2026
A person holding a protest sign sits with their legs crossed.
Cybersecurity
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on ‘egregious violations’ of privacy
By Sasha RogelbergJune 3, 2026
Current price of Ethereum for June 3, 2026
Personal Finance
Current price of Ethereum for June 3, 2026
By Joseph HostetlerJune 3, 2026
bb
C-Suite
The CEO who loves AI autodidacts — and desperately needs his experts
By Nick LichtenbergJune 3, 2026
Variant raises $222 million for new fund with a thesis of AI, crypto and ‘autonomy’
Crypto
Variant raises $222 million for new fund with a thesis of AI, crypto and ‘autonomy’
By Jeff John RobertsJune 3, 2026
Jean-Denis Greze (left) with a company avatar, and Tony Vincent (right) with a company avatar.
Newsletters
Town’s AI assistants learn your life—Andreessen Horowitz and Forerunner just backed the vision with $55 million
By Lily Mae LazarusJune 3, 2026
U.S. President Donald Trump at Morristown Airport in New Jersey on May 22, 2026. (Photo: Brendan Smialowski/AFP/Getty Images)
Newsletters
The details of Trump’s long-awaited, scaled-back AI order
By Andrew NuscaJune 3, 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
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Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEOplaceholder alt text
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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 winnersplaceholder alt text
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