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Cargo ship near the Strait of Hormuz comes under attack by multiple small boats as the U.S. and Iran exchange peace plans

Meanwhile, Tehran said it was reviewing the U.S. response to its latest proposal on ending the war but made clear these were not nuclear negotiations.

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Fortune

Adam Schreck

Secret Service agent was struck by buckshot from alleged White House correspondents’ dinner shooter, not friendly fire, Pirro says

Jeanine Pirro, the U.S. attorney for the District of Columbia, said a shot from one of Cole Tomas Allen's weapons hit the officer's bullet-resistant...

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Fortune

The Associated Press

The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for ‘tank bottoms’ and Iran racing to delay ‘tank tops’

The West and Iran are staring down two diametrically opposed oil market emergencies that could materialize in a matter of weeks.

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Fortune

Jason Ma

Iran has collected a ‘pittance’ of less than $1.3 million in Hormuz tolls, Bessent says, as currency dives to fresh record low

In Tehran’s Ferdowsi Street, the capital’s main currency exchange hub, the dollar was trading at 1,840,000 rials.

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Fortune

Adam Schreck

Chinese court rules firms can’t lay off workers on AI grounds

The court decided that a tech firm in eastern China had illegally fired one of its workers after he refused to take a demotion when his job was...

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Fortune

Victor Swezey

Trumps says some ‘very interesting’ UFO files will be revealed, and the Pentagon promises ‘never-before-seen’ information

Trump started stoking interest in the extraterrestrial in February, directing federal agencies to release their records related to extraterrestrial...

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Fortune

Collin Binkley

Landlords who were barred from evicting tenants during COVID are in settlement talks with DOJ to recoup as much as $1.5 billion

Housing advocates maintain the policy kept families housed, noting a significant spike in evictions after the moratorium ended.

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Fortune

Michael Casey

2 U.S. service members missing after multinational war games in Morocco

The incident happened on Saturday at about 9 p.m., the Moroccan military said, near the Cap Draa Training Area near Tan Tan, close to the Atlantic...

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Fortune

The Associated Press

He started as a part-time Starbucks barista at 17. Now he’s an exec designing the menu

Sam Henderson's advice to Gen Z? Don't ignore opportunities in hospitality.

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Fortune

Orianna Rosa Royle

AI models are choking on junk data

The quest for more training data has created a glut of low-quality junk data that could derail the promise of physical AI.

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Fortune

Jason Corso

The dollar has fallen 10% under Trump. It helps big multinational companies but is a ‘hidden tax’ raising costs from vacations to groceries

Trump has suggested a strong dollar puts the U.S. at a disadvantage and that a weak dollar helps American industry.

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Fortune

Matt Sedensky

Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time...

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Fortune

Sasha Rogelberg

America’s twin scarcities: The 4-million-unit shortage in both housing and childcare is breaking families

America's housing and childcare shortages are converging into a single affordability crisis with major macroeconomic consequences.

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Fortune

Sydney Lake

Diary of a CEO founder says he hired someone with ‘zero’ work experience because she ‘thanked the security guard by name’ before the interview

A virtually blank resume may spook employers, but job candidates don’t need a lengthy work career to land a gig—after all, one of Steven...

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Fortune

Emma Burleigh

I spent a decade selling homes to the ultra-wealthy. What I saw explains the housing market’s nepo problem

The most important thing I learned selling real estate to the top 1% for 10 years wasn't about properties — it was about the parents in the room.

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Fortune

Blake O’shaughnessy

America got rich and got sad. A top economist says 2020 broke something that hasn’t healed

It's not a mystery why everyone got sad in 2020. What is: the fact they never recovered. Sam Peltzman sees a "segregated happiness society."

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Fortune

Nick Lichtenberg

A $20B battleship the U.S. abandoned after WWII is back in Trump’s $1.5T defense budget. Experts say modern missiles will easily destroy it

President Trump's record defense budget includes a new class of battleships not seen since WWII.

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Fortune

Jake Angelo

Trump wants to cut federal loans from college programs that don’t pay off. College cosmetology, fine arts, and music programs are at risk

As student debt surpasses $1.7 trillion, a Trump-backed rule would strip federal aid from degree and certificate programs with weak earnings outcomes.

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Fortune

Preston Fore

The US is in a league of its own when it comes to its debt burden, as rating agencies bemoan ‘long-running deterioration’ in fiscal governance

America's debt just surpassed the size of its entire economy. That could mean higher mortgage rates, costlier loans, and government spending ever more...

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Fortune

Tristan Bove

Fed whisperer splits on Powell: A+ as steward, but ‘I don’t think you could give him high marks on the economy’

"I think they made a lot of mistakes under his leadership, on the economics and the monetary policy."

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Fortune

Eva Roytburg

Eventbrite CEO sold her company for $500 million—without a job for the first time since 15, she’s playing chess with a robot and eyeing internships

Julia Hartz, the cofounder and CEO of ticketing platform Eventbrite, made a $500 million exit and is now considering her next career move as a free...

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Fortune

Emma Burleigh

Zoom is giving away $150K to ‘solopreneurs’ with no strings attached—as 33 million workers ditch corporate to become their own boss

As AI kills the American dream of a stable job and a corner office, 33 million people are going solo—and Zoom is throwing $150,000 behind the...

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Fortune

Orianna Rosa Royle

Trump vows to reduce U.S. troops in Germany ‘a lot further’ than 5,000 as defense official says armed services were blindsided by move

A U.S. defense official said the branches of the U.S. military didn’t have prior knowledge of the decision to draw down the 5,000 troops and learned...

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Fortune

Kirsten Grieshaber

Trump says he is reviewing a new Iranian proposal to end the war but ‘can’t imagine that it would be acceptable’

Two semiofficial Iranian news outlets, Tasnim and Fars said Iran has sent a 14-point proposal via Pakistan in response to a nine-point U.S. proposal.

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Fortune

Aamer Madhani

Can the ‘blue economy’ deliver on its promise? Investors are starting see the ocean as an asset worth protecting

Investors, scientists, and leaders are no longer asking if the blue economy is real and instead figuring out how quickly they can scale it.

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Fortune

Natalie Sum Yue Chung

Interest on U.S. debt is becoming a top driver of future deficits, as the sheer size of past borrowing overwhelms the fiscal outlook

"In a 'Fiscal Dominance' regime, the Fed's ability to aggressively hike rates to curb inflation is constrained, as doing so risks a fiscal or...

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Fortune

Jason Ma

Warren Buffett says markets are like a church with a casino attached, but ‘we’ve never had people in a more gambling mood than now’

"But that doesn't mean that investing is terrible. It does mean that prices for an awful lot of things will look very silly."

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Fortune

Jason Ma

San Diego Padres to sell team to investor group led by Kwanza Jones and José E. Feliciano, who will become the second Latino owner in baseball

The deal with private equity billionaire Feliciano and his wife took shape last month at an MLB-record valuation of $3.9 billion.

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Fortune

Greg Beacham

Unionized workers form alliance with rich tech giants on AI data centers, pushing back on local opposition and redrawing political lines

With data center construction accelerating, unions are expanding training centers and seeing their ranks grow faster than many union leaders have ever...

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Fortune

Marc Levy

Apple raises Mac Mini’s starting price to $799 after AI frenzy drains supply

“These are amazing platforms for AI and agentic tools, and the customer recognition of that is happening faster than what we had predicted.”

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Fortune

Chris welch

Disney’s new CEO is exploring a ‘super app’ for theme park tickets, movies and more

The new app would marry Disney with mobile platforms such as the Disneyland Resort and Disney Cruise Line Navigator apps.

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Fortune

Thomas Buckley

Iran juggles oil cuts and storage strain to resist U.S. blockade

Tehran is proactively reducing crude output in a move to stay ahead of capacity limits rather than waiting for tanks to fill completely.

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Fortune

Anthony di paola

Jensen Huang says some CEOs have a ‘God complex’ when it comes to AI apocalypse warnings, which can create shortages of critical workers

"So we have to be mindful of how we communicate the importance of this technology and what it's able to do."

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Fortune

Jason Ma

War in Iran has Croatia’s tourist hotspot wondering: will Dubrovnik host another 4 million visitors in 2026?

“The situation for sure is very, very difficult, and we are following what’s happening every day," said tourist board direcotr Miro Draskovic.

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Fortune

Darko bandic

America’s paying more at the pump. Trump’s new Air Force One jet donated by Qatar is nearly ready

Defense Secretary Pete Hegseth accepted the luxury jet a year ago despite questions about the ethics and legality.

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Fortune

Jonathan J. Cooper

Meet ‘Green Death’: the burial practices for activists worried about climate change and carbon footprint

“She really liked that idea ... My brother, I think, sort of went along with the ride.”

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Fortune

Dorany Pineda

Bard College president steps down, months after his deep ties to Jeffrey Epstein were revealed

Leon Botstein, who has been president of the small, liberal arts college inn New York for a half century, will retire at the end of June.

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Fortune

The Associated Press

Gerry Conway, comics legend who created the Punisher, dies at 73

Also known for writing the death of Spider-Man's girlfriend, Gwen Stacy, he was a major figure in the increasingly nuanced and adult comics of the...

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Fortune

Claire Rush

Pope Leo XIV encourages wealthy U.S. Catholics to keep donating after Papal Foundation approves most grants in its history

The election of Leo seems to have reinvigorated the U.S. church, especially the donor class.

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Fortune

Nicole Winfield

Trump flouts lower court rulings in unprecedented display of executive power, and ‘respect for the rule of law is likely to break down’

The Trump administration violations in the 31 lawsuits are in addition to more than 250 instances of noncompliance judges have recently highlighted in...

yesterday 3

Fortune

Sudhin Thanawala

Big Tech is shelling out up to $1 million for new hires who will never have to write a line of code

Tech companies are paying up to $1.2 million for senior communications roles because explaining AI is now a strategic asset.

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Fortune

Sydney Lake

Suze Orman once said earning more than $800,000 would make her ‘sick to my stomach’—but that turning down Oprah Winfrey cured her self-doubt

Finance icon Suze Orman turned down a million-dollar book deal and refused to appear on The Oprah Winfrey Show—and says both decisions changed her...

yesterday 10

Fortune

Orianna Rosa Royle

CEO writes hundreds of thank you notes to staff and still eats in the break room—which ‘always, for whatever reason, blows new employees away’

First Watch CEO Chris Tomasso isn’t afraid to pick up pen and paper—something similarly embraced by top business leaders at Chevron and even OpenAI.

yesterday 10

Fortune

Preston Fore

Gen Z is rebelling against the economy with ‘disillusionomics,’ tackling near 6-figure debt by turning life into a giant list of income streams

Failed promises are reshaping how Gen Z approaches financial decisions and their role in the economy. Call it “disillusionomics,” Alice Lassman says.

yesterday 5

Fortune

Jacqueline Munis

Spirit Airlines is ending operations immediately and going out of business after 34 years, with refunds to come but no customer service

The airline said on its website that all flights have been canceled and customer service is no longer available.

yesterday 3

Fortune

Aamer Madhani

Berkshire’s cash pile hits $397.4 billion as profit more than doubles, but annual meeting attendance falls sharply without Warren Buffett as CEO

Attendance is down significantly this year with the arena only a little over half full as the meeting started.

yesterday 3

Fortune

Josh Funk, Ap Business Writer

Federal appeals court blocks mifepristone distribution by mail in biggest jolt to abortion policy since the overturning of Roe v. Wade

The ruling, which is expected to be appealed to the U.S. Supreme Court, requires that mifepristone be distributed only in person and at clinics.

yesterday 3

Fortune

Hannah Schoenbaum

Anthropic’s most powerful AI model just exposed a crisis in corporate governance. Here’s the framework every CEO needs.

Yale's Jeffrey Sonnenfeld and colleagues argue that Claude Mythos will break enterprise deployment in ways that cannot be undone—without key fixes.

yesterday 5

Fortune

Jeffrey Sonnenfeld

The American household just took an 81% margin cut. Wall Street hasn’t priced it in

The economy is treating the oil shock like a temporary inflation problem. It's actually a household solvency problem, and the risk is radiating.

yesterday 3

Fortune

Katica Roy

We need a new way of thinking about drinking: Time to replace the ‘standard drink’ with advice people can actually use

Drinking guidelines built around abstract units and mental math aren't changing behavior. A "low and slow" framework could finally move the needle.

yesterday 4

Fortune

Justin Kissinger