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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
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Health care’s AI dividend is real. The fight now is over who reaps the gains
Health care’s AI dividend is real. The fight now is over who reaps the gains

Also: All the news and watercooler chat from Fortune.

By Diane BradyJune 10, 2026
Saudi economy redraws ambitions—‘going local’ is the new buzz phrase 
Saudi economy redraws ambitions—‘going local’ is the new buzz phrase 
By Melissa HancockJune 10, 2026
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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
Xbox CEO Asha Sharma speaks on stage at Fortune Brainstorm Tech 2026.
‘Not an Allbirds Moment’: Xbox’s new CEO says she is grounding the console in gaming roots, not AI
By Sebastian HerreraJune 9, 2026
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
By Sharon GoldmanJune 9, 2026
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
By Sharon GoldmanJune 9, 2026
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Future of Work
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Alex Karp
Palantir CEO Alex Karp says executives who brag about their AI cuts might as well ‘sign up for the Bernie Sanders manifesto’

Billionaire Palantir CEO Alex Karp has a message for Silicon Valley executives touting AI-driven job cuts: Don’t be surprised if workers turn against you.

By Preston ForeJune 9, 2026
Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox

The Gen Alpha are making money from their online hobbies and managing multiple streams of income from just 13 years old.

By Emma BurleighJune 9, 2026
Why dbt Labs CEO views AI efficiency and creativity as the same thing

“The first question you should be asking for every single AI initiative is: Do you want this to, at the end of the day, grow top line or bottom line?” CEO and cofounder Tristan Handy told Fortune.

By Sage LazzaroJune 9, 2026
MIT researchers made a wristband to teach robots how to do housework and surgery

Unlike tech’s obsession with AI for computer tasks, MIT professor Xuanhe Zhao is focusing on trying to make AI more useful in the physical world.

By The Associated Press and Rodrique NgowiJune 9, 2026
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Success
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‘I’m not focused on names at all’: Rumors of Trump Station replacing Penn Station in New York batted aside

A dramatic new vision for the transit hub calls for a return to the old grandeur of the station, with Roman-style columns and 50-foot ceilings.

By Philip Marcelo and The Associated PressJune 9, 2026
Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’

Blackstone billionaire Stephen Schwarzman has given over $1 billion to charity. He credits his grandfather—and now plans a top-10 AI-focused foundation.

By Sydney LakeJune 9, 2026
This CEO says he’s helping journalists double their salaries by going to work for brands. But is it journalism—and does it matter?

Stacker CEO Noah Greenberg helps “brand journalists” distribute their content into newsrooms and platforms across the media. But is it journalism?

By Nick LichtenbergJune 9, 2026
One of America’s greatest historians just died at 92 after being hit by a car in a supermarket parking lot

Gordon S. Wood, professor emeritus at Brown University, wrote prize-winning works including “The Radicalism of the American Revolution.”

By Hillel Italie and The Associated PressJune 9, 2026
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C-Suite
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BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it

O’Neill, who took over on April 1, is the only woman to serve as CEO of a traditional Big Oil supermajor in Europe or the U.S.

By Jordan BlumJune 9, 2026
‘Getting control where we can’: Europe wants sovereign AI, but most of the chips are from the U.S.

At Fortune Brainstorm Tech, Mistral’s Timothée Lacroix made the case for European control over the AI stack.

By Amanda GerutJune 9, 2026
I founded McKinsey’s CEO practice: Here’s why operational excellence is a liability right now

Carolyn Dewar has advised hundreds of CEOs. She says the execution discipline that rewarded leaders for a decade is now holding them back.

By Carolyn DewarJune 9, 2026
Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO

Meg Whitman, former head of eBay and HP, and Tubi CEO Anjali Sud offered advice on how to scale a company.

By Jeff John RobertsJune 9, 2026
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Workplace Culture
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Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind

For Q1, the first quarter with the initiative in place, just over half of the company’s 246 employees qualified and received raises between 2% and 4% so far.

By Sage LazzaroJune 9, 2026
AI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Gen Z might be the flakiest generation when it comes to career and life decisions. They might also be the most intentional

Young people are playing a careful and cautious game in today’s economy.

By Tristan BoveJune 8, 2026
Gen Z hiring manager says boomer bosses are right about her generation’s ‘attitude’ problem after a candidate took the interview from her phone

“Gen Z aren’t getting jobs because of their attitude,” a Gen Z hiring manager slams after one applicant dialed in from their phone and demanded more money.

By Orianna Rosa RoyleJune 9, 2026
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A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America’s beef supply
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SuccessGen Z men are flocking to quarter-zip pullovers—they’re trying to fake it until they make it in a job market stacked against them
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Johor is building a 7,300-acre innovation hub on the Singapore border, offering ‘land and scale’ for its neighbor’s ‘capital and speed’
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Frank Nagle
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Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese militaryplaceholder alt text
By Kate O'Keeffe and BloombergJune 8, 2026
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032placeholder alt text
By Nick LichtenbergJune 9, 2026
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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him thereplaceholder alt text
By Preston ForeJune 8, 2026
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