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Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out | Fortune
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Stocks tumbled Friday as a selloff that began earlier in the week over fears about the AI boom’s longevity was compounded by worries about rate hikes from the Federal Reserve.The Nasdaq sank 4%, suffering its worst selloff since April...
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The U.S. is one of the world’s leading meat producers. That hasn’t been enough to shield Americans from soaring beef prices | Fortune
It’s officially grilling season in the U.S., but when it comes to one of the most beloved protein sources in the country, Americans are getting forced into difficult decisions in supermarket aisles across the country.The average price of a...
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Trump says Knicks owner James Dolan invited him to Game 3 of the NBA Finals and he’s going | Fortune
President Donald Trump, a longtime New York Knicks fan, said he plans to attend an NBA Finals game at Madison Square Garden next week at the invitation of the team’s owner.Describing himself as a “big fan” of the team and owner...
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How businesses with ties to Jeffrey Epstein saw norms – and even share prices – suffer
The release of the Jeffrey Epstein files in early 2026 wasn’t just a scandal about one man. It was an unexpected window into the hidden architecture of American corporate power.When the U.S. Department of Justice...
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Posthaste: Want to restart housing construction? Cut development fees
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‘Big Tech is desperate’: Amazon engineers are calling out the tech giant for its $200 billion in data center spending after slashing 30,000 workers...
A group of Amazon engineers spoke out against unfettered data center construction, calling out their own employer for pouring money into AI infrastructure while slashing headcount. The employees pointed out the hypocrisy between the company spending billions to build...
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BWXT Manufactures TRISO Fuel Enabling First New Reactor Criticality Under DOE Program
Article contentLYNCHBURG, Va. — BWX Technologies, Inc. (NYSE: BWXT) announced today that its TRISO nuclear fuel has powered Antares Nuclear Inc.’s reactor through the first successful criticality milestone under the Administration’s Executive Order 14301, Reforming Nuclear Reactor Testing at...
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‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy | Fortune
When Joe Ngai, McKinsey’s Greater China chair, first began to test-drive his point that “the next China is still China” on social media, the world’s second-largest economy was in a post-COVID slump. Sluggish consumption and a property market crash...
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IBM, AT&T accused by whistleblower of covering up foreign hacks | Fortune
International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the US government in violation of the law, according to a lawsuit from a former IBM cybersecurity...
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US mortgage rates are staying high – and the Fed can do very little about it
U.S. homebuyers can’t get a break.The 30-year mortgage rate has been stuck at recent highs well above 6% and now averages 6.48%, according to the data released on June 4, 2026, by Freddie Mac,...
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Deadly heat wave grips Europe as most French homes lack AC
A deadly heat wave is melting records across Western Europe, and it's predicted to get worse as brutal new...