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Chinese factory activity flattens as analysts wonder about true damage from Iran War | Fortune

China’s factory activity was flat in May, according to an official survey released Sunday, raising questions about how much further the country’s economy can shield itself from the fallout of the ongoing Iran war and pressure on demand.The official manufacturing purchasing managers...

Jack Link’s CEO shares his message for Gen Z workers: Commit, stick to it, and ‘be really good at it’ | Fortune

Minong, Wisconsin, is the kind of place most people pass through without noticing. With a population of fewer than 1,000, there’s a car dealership, a dollar store, and a couple thousand cattle, surrounded by forests and lakes in the...

Several musicians said they were misled about the ‘Great American State Fair’ and dropped out. So Trump is stepping in as the main act...

An upcoming celebration of America’s 250th anniversary, “The Great American State Fair,” recently had several musical guests back out partly over the event’s ties to President Donald Trump. Now, Trump himself is slated to headline the festivities, the organizers said Saturday.“I understand...

Oil bosses warn prices will soar in a matter of weeks as inventories near unprecedented lows — ‘I mean really, really low levels’ |...

The two biggest U.S. oil companies joined the growing chorus of voices sounding the alarm on the imminent doom global markets could soon face.With the Strait of Hormuz still effectively closed, top oil-consuming countries have been rapidly draining their...

SoftBank plans up to €75 billion investment in French AI centers | Fortune

SoftBank Group Corp. plans to invest as much as €75 billion ($87 billion) to build 5 gigawatts of artificial intelligence data center capacity in France, saying the country is poised to become a top European hub for AI infrastructure....

After Blue Origin rocket explosion, NASA’s entire moon exploration program depends on SpaceX for now as Musk eyes blockbuster IPO soon | Fortune

With a record-setting IPO in just a few weeks, SpaceX saw its rival in a contest to put astronauts on the lunar surface go up in flames, reinforcing its dominance in the space race and its primacy in NASA’s...

Damn the torpedoes — More ships are quietly slipping through the Strait of Hormuz as helicopters scare off Iran’s fast-attack boats | Fortune

The U.S. and Iran remain deadlocked on a deal to extend their ceasefire and reopen the Strait of Hormuz, but reports indicate that some ships aren’t waiting any longer and are instead crossing the contested waterway with guidance from...

As part of her Citi turnaround, Jane Fraser cut management layers from 13 to 8. But the ‘great flattening’ doesn’t always work as intended...

When Mike Mayo, the long-time analyst at Wells Fargo Securities, reflects on the turnaround CEO Jane Fraser has engineered at Citi, one decision stands out: her restructuring of the bank into five divisions that report directly to her. “When you...

The AI economy could crash on mounting chip costs — and those token costs won’t help | Fortune

The AI economy could crash on mounting chip costs — and those token costs won't help | FortuneRakesh Kumar is a Professor and John Bardeen Faculty Scholar in the Electrical and Computer Engineering Department at the University of Illinois...

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch | Fortune

To stay or to go? That’s the perennial question for workers trying to maximize their pay in a “peanut-butter” raise economy. But in the era of job-hopping and freelancing, freedom can come with a cost. For higher earners, loyalty is...
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U.S. conducts more

American military forces carried out strikes on an Iranian island abutting the Strait of Hormuz...
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