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Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision

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AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

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Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

1

Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision

2

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

3

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says
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SpaceX and other mega IPOs may wait years to join the S&P 500
SpaceX and other mega IPOs may wait years to join the S&P 500

Unlike S&P, Nasdaq Inc. did change its rules, allowing Nasdaq 100 entry in just 15 trading days, down from a three-month minimum.

By Bailey Lipschultz, Vildana Hajric and BloombergJune 6, 2026
Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
By Jason MaJune 6, 2026
Marvell Technology, Flex to join S&P 500 later this month
Marvell Technology, Flex to join S&P 500 later this month
By Isabelle Lee and BloombergJune 6, 2026
sa
When good money goes bad: the question SpaceX and OpenAI investors aren’t asking
By Rory McDonaldJune 6, 2026
bernie
Bernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI
By Joey Cappelletti, Seung Min Kim and The Associated PressJune 6, 2026
Chinese humanoid robots dominate the market with thousands shipped a year. But most are still performative rather than functional
Chinese humanoid robots dominate the market with thousands shipped a year. But most are still performative rather than functional
By Chan Ho-Him and The Associated PressJune 6, 2026
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Big Tech
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Man holding his fists together.
Elon Musk bullet-proofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla

The CEO will have almost complete control of his Texas-based space company, without colonizing Mars or building a single non-Earth data center.

By Amanda GerutJune 6, 2026
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out

“The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot.”

By Jason MaJune 5, 2026
‘At some point you’ve got to make money’: Goldman’s top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOs

Jim Covello has been Wall Street’s most consistent voice of AI doubt. Two years on, he asks:”when does the short term become the long term?”

By Nick LichtenbergJune 5, 2026
Google forced to allow news sites to opt out of AI scraping in ‘world first,’ UK watchdog says

Google said it is “engaging with regulators … to ensure website owners have the right tools as user preferences evolve.”

By Kelvin Chan and The Associated PressJune 5, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
SpaceX needs to grow 600x in a decade to justify a $1.75 trillion valuation. No company has ever come close
SpaceX needs to grow 600x in a decade to justify a $1.75 trillion valuation. No company has ever come close

SpaceX’s valuation will set the bar for what the must achieve going forward to reward investors.

By Shawn TullyJune 6, 2026
The Class of 2026: Meet the 12 companies making their Fortune 500 debut

From crypto companies to mattress makers, these companies made it in the list’s 72nd year.

By Marco Quiroz-GutierrezJune 5, 2026
Anthropic warns AI could soon build itself without human involvement—and urges a global pause on development

The AI lab valued at $965 billion is urging a pause on AI development, just as it heads toward an IPO.

By Beatrice NolanJune 5, 2026
Melinda French Gates is done waiting for health care to take menopause seriously

Celebrities like Halle Berry and Naomi Watts have jumped on menopause startups. Now Melinda French Gates is throwing her weight behind the category—with philanthropic dollars.

By Emma HinchliffeJune 5, 2026
More in Startups & Venture
AI
More in AI
Upset frustrated and confused female worker folding hands on chin
A CEO denied raises to spend money on AI instead. Companies have ‘no idea what they’re going to need in a workforce’ when the AI race is over

Companies may be cutting raises and benefits to create attrition, one expert says. 

By Jacqueline MunisJune 6, 2026
MAGA hates AI, but Trump agrees with Bernie it might be time for partial government ownership

“You make them a partnership in this revolution,” Trump told reporters Friday. “It would be a beautiful thing.”

By Nick LichtenbergJune 5, 2026
AI productivity gains are real but so is bad management: ‘Leaders are really struggling to articulate what the vision and strategy is’

In the meantime, BCG’s David Martin told Fotune, fear runs amok. “A sharing culture is incredibly important, but it’s not natural for fearful employees.”

By Sasha RogelbergJune 5, 2026
A Kennedy, Kellyanne Conway’s ex-husband and a former Palantir data scientist debated AI regulation. Welcome to the Manhattan primary

Alex Bores walked into the NY-12 debate with Jack Schlossberg and George Conway as the prime target — then watched three of five ad breaks talk about him.

By Anthony Izaguirre and The Associated PressJune 5, 2026
More in AI
Innovation
More in Innovation
Elon Musk holding a glass of wine.
Jamie Dimon called Elon Musk the ‘Edison of our time’ as JPMorgan hosted SpaceX’s $75 billion IPO road show—and even invited Musk’s mom

Top bankers are lavishing praise on Musk ahead of his rocket company’s record-setting listing.

By Tristan BoveJune 5, 2026
A dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500’s best shareholder return

“They’ve been the best company I’ve ever worked with in 45 years,” EchoStar president and cofounder Charlie Ergen said of SpaceX.

By Sasha RogelbergJune 4, 2026
Buried in SpaceX’s IPO: a Tesla merger clue and a $3.75 billion insider windfall for friends and family

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

By Jim EdwardsJune 4, 2026
I bought peptides with crypto. How my purchase helped fuel a $100 million gray-market, ‘looksmaxxing’ economy

Some of the China-based sellers have pivoted from fentanyl to peptides.

By Ben WeissJune 4, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Businesses are declaring war on AI slop. They are fighting a losing battle
Businesses are declaring war on AI slop. They are fighting a losing battle

Efforts to wipe the web of AI slop has sparked a new technological arms race between the tools generating fake content and the tools trying to catch it

By Sam BirchallJune 5, 2026
IBM, AT&T accused by whistleblower of covering up foreign hacks

The hackers allegedly breached massive IBM cloud computing infrastructure that’s widely used by many parts of the U.S. government, including the military.

By Jake Bleiberg, Mark Anderson and BloombergJune 4, 2026
What Suno’s $5.4 billion valuation says about the future of AI and music—and what remains uncertain

From birthday songs to hospice tributes, Suno is finding real-world uses for AI-generated music. Whether that translates into a sustainable multibillion-dollar business is less clear.

By Sharon GoldmanJune 4, 2026
World’s largest sovereign wealth fund backs push for Google oversight on government use of its AI and cloud technology

A coalition of investors managing $1.15 trillion is pressing Alphabet to explain how it monitors government use of its cloud and AI services.

By Beatrice NolanJune 4, 2026
More in Cybersecurity
Latest Stories
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
EnergyThe Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
By Jason MaJune 6, 2026
Illinois joins Ohio in ordering pause on data center tax credits
PoliticsIllinois joins Ohio in ordering pause on data center tax credits
By Yash Roy and BloombergJune 6, 2026
Here’s where U.S. debt may become unsustainable with interest payments triggering a default crisis that even steep tax hikes can’t fix
EconomyHere’s where U.S. debt may become unsustainable with interest payments triggering a default crisis that even steep tax hikes can’t fix
By Jason MaJune 6, 2026
Trump says he supports salary cap for Major League Baseball
North AmericaTrump says he supports salary cap for Major League Baseball
By Jordan Fabian and BloombergJune 6, 2026
Oil drilling rises in longest U.S. streak since 2022 on price bump
EnergyOil drilling rises in longest U.S. streak since 2022 on price bump
By Emma Sanchez and BloombergJune 6, 2026
During D-Day speech in France, Hegseth invokes immigration and says ‘When will European capitals do something about that invasion?’
EuropeDuring D-Day speech in France, Hegseth invokes immigration and says ‘When will European capitals do something about that invasion?’
By The Associated PressJune 6, 2026
Ukraine targets St. Petersburg after Putin refuses talks
EuropeUkraine targets St. Petersburg after Putin refuses talks
By BloombergJune 6, 2026
Why oil’s not at $200 after the biggest supply shock in history
EnergyWhy oil’s not at $200 after the biggest supply shock in history
By Devika Krishna Kumar, Alex Longley, Yongchang Chin, Mia Gindis and BloombergJune 6, 2026
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brown
Cybersecurity‘He blew this case right open’: Reddit tipster identified only as ‘John’ had a strange encounter at Brown University
By Kimberlee Kruesi and The Associated PressDecember 19, 2025
  • A statue of the Oscars statuette
    Arts & EntertainmentYouTube is giving the Oscars the lifeline it desperately needs
    By Dave SmithDecember 17, 2025
Levin
AIFrom search to discovery: how AI Is redrawing the competitive map for every brand
By Eugene LevinDecember 19, 2025
TikTok
CybersecurityTikTok agrees U.S. joint venture deal with Oracle, Silver Lake and MGX
By Barbara Ortutay and The Associated PressDecember 19, 2025
Inside OpenAI’s ‘code red’
NewslettersInside OpenAI’s ‘code red’
By Allie GarfinkleDecember 19, 2025
TikTok CEO Shou Zi Chew (center) on January 20, 2025 in Washington, D.C. (Photo: Shawn Thew-Pool/Getty Images)
NewslettersTikTok finally, actually, seriously agrees to divest its U.S. unit
By Andrew NuscaDecember 19, 2025
At left, CEO of Scale A.I. Alexandr Wang testifies during a House Armed Services Subcommittee on Cyber, Information Technologies and Innovation hearing about artificial intelligence, as other people watch him, on Capitol Hill July 18, 2023 in Washington, DC
AIMeta’s 28-year-old billionaire prodigy says the next Bill Gates will be a 13-year-old who is ‘vibe coding’ right now
By Eva RoytburgDecember 19, 2025
  • Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia. (
    Personal FinanceRay Dalio donates $75 million to ‘Trump Accounts’ as Scott Bessent leads ‘50 State Challenge’ to invest in America’s kids
    By Thalia Beaty and The Associated PressDecember 17, 2025
Luigi
Cybersecurity‘It seemed preposterous on its face’: Altoona cop’s supervisor said he’d buy his favorite hoagie moments before Luigi Mangione arrest
By Michael R. Sisak, Jennifer Peltz and The Associated PressDecember 18, 2025
Bill Gates
CybersecurityHouse Democrats release more Epstein photos, including Bill Gates and a dinner full of wealthy philanthropists
By Stephen Groves and The Associated PressDecember 18, 2025
The Trump Media & Technology Group said Dec. 18 it would merge in a $6 billion deal with the TAE Technologies fusion energy developer.
EnvironmentCEO of nuclear fusion firm Trump Media is merging with in $6 billion deal: High-velocity capital is ‘critical’ and concerns are secondary
By Jordan BlumDecember 18, 2025
Lovable CEO
AILovable hits $6.6 billion valuation as its CEO says it wants to be ‘the last piece of software’ companies ever buy
By Beatrice NolanDecember 18, 2025
unemployed
CommentaryThe AI efficiency illusion: why cutting 1.1 million jobs will stifle, not scale, your strategy
By Katica RoyDecember 18, 2025
  • Amazon CEO Andy Jassy announces departure of AI exec Rohit Prasad in leadership shake-up
    AIAmazon CEO Andy Jassy announces departure of AI exec Rohit Prasad in leadership shake-up
    By Sharon GoldmanDecember 17, 2025
How Salient, an AI loan processing startup valued at $500 million, grew ARR to $25 million in two years
AIHow Salient, an AI loan processing startup valued at $500 million, grew ARR to $25 million in two years
By Lily Mae LazarusDecember 18, 2025
Sam Altman
NewslettersOpenAI is a house still under construction — but no one agrees what it’s made of
By Sharon GoldmanDecember 18, 2025
Truth Social
InnovationDevin Nunes and Trump Media get in bed with Google-backed nuclear fusion company in surprise $6 billion merger
By The Associated PressDecember 18, 2025
Alex Chriss looks off camera on stage at a conference.
CryptoPayPal CEO Alex Chriss says stablecoins will be key as his company navigates the ‘classic innovator’s dilemma’
By Ben WeissDecember 18, 2025
Top AI defense CEO sees China planning for a ‘very protracted conflict’ and the U.S. running out of weapons in 7 days
AITop AI defense CEO sees China planning for a ‘very protracted conflict’ and the U.S. running out of weapons in 7 days
By Marco Quiroz-GutierrezDecember 18, 2025
Trump gives an OK sign while giving a speech in the White House
EnvironmentTrump goes nuclear: The president’s tech and media umbrella will merge with a fusion reactor developer in a deal valued north of $6 billion
By Dave SmithDecember 18, 2025
Muddu
CommentaryIT service is reaching its breaking point. At Salesforce, we see 3 tipping points
By Muddu SudhakarDecember 18, 2025
Sophia Romee is the General Manager of the GenAI Studio at the College Board
CommentaryGen Z is on the fence about AI in the classroom. That’s a good thing
By Sophia RomeeDecember 18, 2025
small business
CommentaryOur data shows that companies of 500 and fewer workers mostly avoided the AI layoffs. They’re making AI work for them
By Gabby BurlacuDecember 18, 2025
Businesswoman discussing ideas with colleagues in meeting at tech startup office
SuccessWant a job in AI-era tech? Forget prestigious degrees—tech leaders want to see your GitHub projects and internships
By Preston ForeDecember 18, 2025
kim jong un smiles for photo
CryptoNorth Korea stole a record amount of crypto—again: report estimates  its hackers’ 2025 haul at $2 billion
By Carlos GarciaDecember 18, 2025
Rafael E. Carazo Salas, the founder and CEO of CellVoyant
AIU.K. startup CellVoyant debuts AI platform that could radically reduce the cost of cell-based therapies such as CAR-T immunotherapy for cancer
By Jeremy KahnDecember 18, 2025
Photo of the Endra founding team, including Anton Juric, the COO, at left, Niklas Lindgren, CEO, in the center, David Rydberg, technical cofounder, and Gustav Hammarlund, technical cofounder, right.
AIExclusive: Swedish startup automating mechanical, electrical, and plumbing design for commercial buildings raises $20 million in seed round
By Jeremy KahnDecember 18, 2025
RJ Scaringe, wearing a dark green shirt and glasses, gestures with both hands as he speaks.
North AmericaRivian CEO says midprice EV sales are still 50% Tesla: ‘That’s not a reflection of a healthy market’
By Sasha RogelbergDecember 18, 2025
NEW YORK, NY - NOVEMBER 23: Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. (Photo by Jim Spellman/WireImage)
Investing‘Big Short’ investor Michael Burry piles misery onto tech stocks after Oracle fails to close AI debt deal
By Jim EdwardsDecember 18, 2025
A federal investigation is underway after Nevada’s safety regulator suddenly dropped violations against Boring Company
NewslettersA federal investigation is underway after Nevada’s safety regulator suddenly dropped violations against Boring Company
By Jessica MathewsDecember 18, 2025
Rohit Prasad, SVP and head scientist of artificial general intelligence at Amazon, speaking at Fortune Brainstorm AI 2024 in San Francisco. (Photo: Stuart Isett/Fortune)
NewslettersAmazon shakes up its AI leadership
By Andrew NuscaDecember 18, 2025
We ‘don’t have enough manpower’ for the delivery boom, says Singapore-based robotics founder
InnovationWe ‘don’t have enough manpower’ for the delivery boom, says Singapore-based robotics founder
By Angelica AngDecember 18, 2025
DOJ
Banking$1 billion fraud revealed with guilty pleas from subprime auto lender Tricolor
By Larry Neumeister and The Associated PressDecember 17, 2025
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Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decisionplaceholder alt text
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AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweaponsplaceholder alt text
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Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog saysplaceholder alt text
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