Fortune
Latest crypto news and market updates from Fortune.
Boom or bust? The case for and against panicking about 5% yieldsThe bond market is flashing a warning, but stocks aren’t listening.Fortune
Trump’s Greenland ambitions almost broke NATO. Instead, the island of 56,000 people just secured a bigger say in its own futureA new security pact promises expanded military cooperation and potential investment while recognizing Greenland’s right to self-determinationFortune
‘You’re a going to be a great one’: Trump tells Mamdani he has ‘potential’ to be a great mayor and floats federal funds to his native QueensAs the first sitting president visit to Gracie Mansion in decades, Trump backsed mayor's Sunnyside Yards push.Fortune
Canada and France in talks to deepen ties and ‘live our lives as we choose’ while Macron also seeks oil and gas as Iran war disrupts suppliesCanadian Prime Minister Mark Carney and French President Emmanuel Macron agreed Sunday to deepen cooperation in space, defense, energy and business.Fortune
Anthropic will open its Singapore office in October, chasing OpenAI for Southeast Asia’s AI marketAccording to Anthropic data, Singapore was ranked second out of 121 countries in Claude usage, behind Australia.Fortune
Saudi Arabia’s nightmare scenario comes true as Houthis threaten crucial Red Sea shipping route and drone attacks force closure of major pipelineFor decades, Saudi Arabia and other Gulf states have relied on U.S. security guarantees. Those have eroded under Trump.Fortune
‘South Park’ renamed ‘South America’ in honor of Donald TrumpApple has relabeled Lake Ontario to “Lake America” for U.S. users of its Maps app, following cartographic competitor Google.Fortune
‘We’re not really sure what to do’: Airlines rush getting planes in the air from backlogged UK flights due to issues in ‘flight processing system’Delays affected 15 UK airports and beyond which left passengers and travelers stranded for hours in terminals and runways.Fortune
Mexican drug cartels are increasingly using bomb-laden drones and improvised explosive devices. ‘We are facing steady intensification of violence’The Jalisco New Generation Cartel, or CJNG, and the Sinaloa Cartel have fought for years over control of Zacatecas.Fortune
Denmark and four EU countries agree on migrant ‘return hubs’ outside the bloc, aim to start by 2027Netherlands' minister of asylum and migration Bart van den Brink says "this is something new and it's groundbreaking."Fortune
Mamdani to New York City kids: No AI until high schoolNYC, which boasts the largest school system in the nation, issued a one-year moratorium on AI in city elementary and middle schools.Fortune
Tennis star Novak Djokovic was knocked out during the first round of the U.S. Open—but he’ll still walk away with $140,000, and millions off-courtThe U.S. Open is offering $108 million in player compensation this year, the largest package in tennis history. The singles champion alone will take home over $5 million.Fortune
I’m working with Venezuela to kill its inflation. Trump’s secret oil deal with Delcy Rodriguez is illegitimate — and unhelpfulIf you have to wait 558 years to produce and sell a barrel of oil, that barrel is virtually worthless in today's dollars.Fortune
Trump urges FCC to probe media polling, punish NBC moderatorThe president also lashed out at Kristen Welker, the moderator of NBC’s Meet the Press, for saying his endorsements of Republican candidates in primary elections this year had shown mixed results.Fortune
Trump cannot deport students for criticizing Israel, judge rules, saying speech and press freedoms are ‘foundational to America’s enduring democracy’“Freedom of speech is illusory if we are only ‘free’ to express complementary views about the government and its leaders,” the judge wrote.Fortune
RFK told Congress he didn’t go to Samoa in 2019 to study measles vaccines — so why does his old letter mention it eight times?The discrepancy could prompt congressional action, but legal experts consider that unlikely under the Republican-led CongressFortune
Trump’s grand plan to put American workers first may be backfiring as U.S.-born unemployment rises and wage growth stalls"These jobs are typically ones that are very difficult, very arduous jobs that require a lot of physical hardship, and the native-born workers just haven't done these jobs for quite some time and are in no mood to take them now—certainly not at these wages."Fortune
A value investor’s reluctant case for goldThe U.S. dollar is the world's reserve currency for three reasons, all of which are cracking at once.Fortune
Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf"We are just watching Iran with its huge inflation and the fact they have no money," Trump said.Fortune
Iran rejects U.S. talks for now as wait for Hormuz deal drags on“As long as the American violation of the Memorandum of Understanding continues and the US does not make amends for its violations, there is no possibility of resuming negotiations.”Fortune
Trump meets AI giants, Senate Dems decry ‘unpredictable’ governance—and cheap Chinese AI looms as giant security riskWhile Democrats say the lack of clear rules will lead American firms to choose Chinese AI companies over domestic ones, experts say it’s the cost.Fortune
After canceling Iran strikes, Trump says negotiations will resume Monday afternoon while Tehran continues Hormuz talks with OmanTrump on Sunday said he expected negotiations to resume “tomorrow afternoon” but did not detail who would be involved in such talks.Fortune
Trump backs off from new strikes on Iran, claiming Mideast allies have outlines of an emerging deal to reopen the Strait of HormuzHe added that Israel has agreed to join the U.S. in the commitment to try to complete the agreement with Iran.Fortune
Trump orders Iran attack as soon as this weekend, WSJ says“We’ll be hitting them very hard,” the president said during a Cabinet meeting Friday. “And at some point they’ll say we just can’t take it anymore.”Fortune
The U.S. and Iran pause attacks on each other for a second straight day while Tehran continues talks with Oman over HormuzIran’s Foreign Ministry spokesperson, Esmail Baghaei, said talks had made progress and continued.Fortune
OpenAI President says the HuggingFace security beach ‘is indicative of the times we are in’ as the company continues to investigate how its models went rogueThe OpenAI president and co-founder also calls for 'democratizing' AI access, suggesting he opposes any ban on American companies using Chinese AI.Fortune
Big pharma’s patent cliff meets a new biotech Cold War: We need to outrun China, not outlaw itIf we slash federal research budgets, we risk hamstringing our scientists and losing an otherwise winnable race.Fortune
AMD’s Lisa Su defends open-source AI following Hugging Face security breach caused by OpenAI agentsSpeaking at AMD Advanced AI conference, the chip giant's CEO weighed in on the open source debate—and showcased its latest hardware offerings.Fortune
Saudi Arabia takes center stage as oil hits $100 and the Iran war escalates amid Houthi attacks and nuclear expansionThe Iran war is spreading from sea to sea as attacks erupt in the Bab el-Mandeb Strait.Fortune
AI labs have a trust problem, and the Hugging Face hack just proved itOpenAI's AI hacked a rival company. But after years of doom from frontier labs, plenty of people assumed it was just marketing.Fortune
Trump signed a nuclear deal with Saudi, then rewrote its terms on social media to include IsraelTrump's post said the agreement “will be approved, but is totally subject to Saudi Arabia joining the very respected and successful Abraham Accords.”Fortune
The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost $200 billionCan AI be the partner Darwin always dreamed of?Fortune
CEOs agree there’s an affordability crisis, but how to solve it isn’t so simpleAlso: All the news and watercooler chat from Fortune.Fortune
OpenAI’s models went rogue and hacked Hugging Face. It’s a wake-up call, experts say, but more concerning behavior may be nextAI safety researchers warn that smarter models are getting better at gaming the system to get what they want—and could start hiding their intentions.Fortune
Trump approves Saudi nuclear deal that could allow uranium enrichment as U.S. wages war to end Tehran’s programThe 30-year agreement would let the kingdom enrich its own uranium—a capability nonproliferation experts warn could open a path to weapons.Fortune
Beyond SpaceX: Why great IPOs depend on more than first-day demandA Fortune report looks at the rules pros use to separate trillion‑dollar hype from durable public‑market returns.Fortune
‘Dr. Doom’ Nouriel Roubini says we’re headed for universal basic income or ‘some form of socialism’ as AI revolutionizes work—He calls that optimistic"Essentially, the government is going to take over some fraction of the big tech firms."Fortune