Mick Mulvaney: Stop calling it a âprediction market.â Itâs sports betting
A simple question: if you wager (or âinvestâ or âpurchase a contract forâ) $100 on who will win the NCAA championship next month, is that a sports bet? If you…
Finance
Indonesiaâs richest man, tobacco tycoon Michael Bambang Hartono, dies at 86
Indonesiaâs richest man, Michael Bambang Hartono, who helped turn the Djarum cigarette company into one of the countryâs largest business empires and later became a controlling shareholder of Bank Central…
Europe tells Trump to get lost on Iran, again
European leaders doubled down Thursday on refusing to join the United States and Israel military campaigns in the Middle East as they met in Brussels to grapple with rising oil…
Global selloff in stocks as oil hits $115 and Trump admits he âknew nothingâ about Israel attack on major Iran gas field
Good morning. In todayâs Fortune: Global stock market selloff as Iran war expands to attacks on major gas fields. Trump admits he âknew nothingâ about Israel attack on Iran site.…
Lamborghini is selling a record number of carsâbut tariffs are eating its profits
Lamborghiniâs wealthiest customers are still buying supercarsâbut tariffs are taking a quiet toll on the bottom line. âBeing the U.S., by far our biggest market, we could not, letâs say,…
Fortune 500 firm updates AI price tag to $4.5 trillion, estimating 93% of jobs vulnerable to disruption
In 2023, artificial intelligence was capable of just a fraction of what it has achieved today. ChatGPT had just launched. Distorted AI photos and videos had just started to hit…
PokĂ©mon Go players built a 30-billion-photo map thatâs now training robots to deliver your pizza
Pikachus at every street corner. Leveling up before getting into the gym. âPokĂ©mon Go to the polls.â You remember this era well: PokĂ©mon Go became a frenzy, with hundreds of…
âPlumbers regularly earn more than lawyersâ: Top entrepreneur makes a bold prediction that AI will flip the American Dream
For decades, the standard formula for financial success was the same: go to college, get a degree, and land a prestigious white-collar jobâprobably a lawyer, consultant, or investment banker. But…
Argentines once drank 90 liters of wine a year. Now theyâre down to 15 â and 1,100 vineyards have already closed
Argentinaâs once thriving wine industry is facing its worst crisis in more than 15 years, with record-low domestic consumption, dwindling exports and low-yielding crops. Against this sobering reality, hundreds of…
BlackRock CEO Larry Fink warns AI is creating a âcrisisâ for Gen Z workers: the class of 2026 could face the highest unemployment in yearsâeven without a recession
With graduation season just weeks away, millions of college seniors are preparing to walk across commencement stages and become the youngest members of the workforce. But for the class of…