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McKinsey auto leader: China’s auto industry is faster, cheaper and better. Here’s how the West can close the gap
Macro

McKinsey auto leader: China’s auto industry is faster, cheaper and better. Here’s how the West can close the gap

Detroit's big 3 have lost 16 points of global market share in 20 years as Chinese automakers surged from under 1% to 12%.

fortune.com · Jul 30, 2026 · 1 min read
Tariffs, debt, and a stubborn Fed are squeezing consumers
Macro

Tariffs, debt, and a stubborn Fed are squeezing consumers

Also: All the news and watercooler chat from Fortune.

fortune.com · Jul 30, 2026 · 1 min read
Forget robots on assembly lines. Foundational Industries wants AI to run the entire factory
Macro

Forget robots on assembly lines. Foundational Industries wants AI to run the entire factory

The startup says software-native factories can leapfrog China’s highly automated manufacturing base rather than trying to replicate it.

fortune.com · Jul 30, 2026 · 1 min read
Europe’s social media bans force businesses to rethink how they reach the youngest generation
Macro

Europe’s social media bans force businesses to rethink how they reach the youngest generation

As France, the U.K., and a growing list of European governments move to prohibit young people’s access to social media platforms, brands are racing to adapt.

fortune.com · Jul 30, 2026 · 1 min read
New Dow CEO drives ‘transformation’ back to profitability amid oil market upheaval
Macro

New Dow CEO drives ‘transformation’ back to profitability amid oil market upheaval

Karen Carter leans on U.S. profitability for global Dow turnaround amid cost cutting and restructuring.

fortune.com · Jul 30, 2026 · 1 min read
Fast-food execs keep pushing for more AI systems, but fail to see the big picture: Customers still want humans
Macro

Fast-food execs keep pushing for more AI systems, but fail to see the big picture: Customers still want humans

The fast food industry’s automation push carried a simple promise: Robots would flip burgers, AI would take drive-thru orders, and labor costs would fall.

fortune.com · Jul 30, 2026 · 1 min read
Inside Ikea’s big bet on humans in the age of AI
Macro

Inside Ikea’s big bet on humans in the age of AI

After rolling out a customer service bot, the Swedish retailer is remaking—not replacing—its workforce.

fortune.com · Jul 30, 2026 · 1 min read
Warren Buffett is handing $140 billion to his family’s foundations. The way he’s doing it reveals how billionaire philanthropy really works
Macro

Warren Buffett is handing $140 billion to his family’s foundations. The way he’s doing it reveals how billionaire philanthropy really works

People assumed Buffett was avoiding taxes or warehousing the money. Experts say the more telling question is how he's giving it away.

fortune.com · Jul 30, 2026 · 1 min read
Flirting with $5 trillion, Apple has never been more valuable—or a riskier bet for investors
Macro

Flirting with $5 trillion, Apple has never been more valuable—or a riskier bet for investors

At 41 times earnings, Apple's stock is pricier than it's been in a decade—and its famous buyback machine is losing its punch just when investors need it most.

fortune.com · Jul 30, 2026 · 1 min read
Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
Macro

Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers

Trusts and LLCs offer not only anonymity from public records, but also a way to protect your assets from liabilities.

fortune.com · Jul 30, 2026 · 1 min read
China threatens retaliation against U.S. humanoid robot ban, says it 'severely damages' relations
Macro

China threatens retaliation against U.S. humanoid robot ban, says it 'severely damages' relations

China's Commerce Ministry said Thursday the U.S. Federal Communications Commission has repeatedly ignored Beijing's restrained stance.

cnbc.com · Jul 30, 2026 · 1 min read
Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details
Macro

Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details

Meta's quarterly results showcased the strength of its core social media business, as well as the gap in its business model in the AI arm's race.

fortune.com · Jul 30, 2026 · 1 min read
The U.S. wants Asia to use its AI — but China dominates cheaper models
Macro

The U.S. wants Asia to use its AI — but China dominates cheaper models

The world's largest continent is becoming the center of the artificial intelligence race between the U.S. and China.

cnbc.com · Jul 29, 2026 · 1 min read
Robinhood CFO details surging prediction market business as firm posts record revenue in Q2
Macro

Robinhood CFO details surging prediction market business as firm posts record revenue in Q2

Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.

fortune.com · Jul 29, 2026 · 1 min read
Dr. Fauci, the Lockdown Czar, just won’t go away
Macro

Dr. Fauci, the Lockdown Czar, just won’t go away

During the pandemic, two colleagues and I led a comprehensive scientific literature review and meta-analysis about lockdowns, but Fauci didn't listen.

fortune.com · Jul 29, 2026 · 1 min read
Microsoft’s cloud just hit a new milestone—Azure crosses $100 billion in annual revenue
Macro

Microsoft’s cloud just hit a new milestone—Azure crosses $100 billion in annual revenue

Microsoft's fiscal Q4 revenue of $90 billion topped Wall Street targets, while Copilot reached 30 million paid seats, and an investment in Anthropic delivered a $3.2 billion windfall.

fortune.com · Jul 29, 2026 · 1 min read
Beyond the Covid origins: Fauci’s pandemic diary reveals a starstruck Julia Roberts and Trump gasping for oxygen
Macro

Beyond the Covid origins: Fauci’s pandemic diary reveals a starstruck Julia Roberts and Trump gasping for oxygen

Newly released pages show the president's temperature hit 103°F before Mark Meadows called Fauci for advice on his return to public life.

fortune.com · Jul 29, 2026 · 1 min read
Here are the last times the Dow dropped by 1,000 points and what happened next
Macro

Here are the last times the Dow dropped by 1,000 points and what happened next

After the Dow falls by 1,000 points, the index typically is weak in the week that follows. The average then posts gains in the next month and three months.

cnbc.com · Jul 29, 2026 · 1 min read
Southeast Asia is ‘hungry for innovation’ and eager to leapfrog, says SAP’s new APAC president Verena Siow
Macro

Southeast Asia is ‘hungry for innovation’ and eager to leapfrog, says SAP’s new APAC president Verena Siow

Southeast Asia, home to young, digitally-savvy populations and a rising middle class, offers fertile ground for leapfrogging.

fortune.com · Jul 29, 2026 · 1 min read
RFK says he found Fauci’s diary in government archives as Fauci invokes the Fifth Amendment over 100 times
Macro

RFK says he found Fauci’s diary in government archives as Fauci invokes the Fifth Amendment over 100 times

Rand Paul's panel will vote next week on holding the NIH veteran in contempt after he refused to answer questions on COVID origins.

fortune.com · Jul 29, 2026 · 1 min read
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
Macro

Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom

From collapsing car sales to booming services and AI-linked manufacturing, China’s growth engines are pulling in sharply different directions.

fortune.com · Jul 29, 2026 · 1 min read
Dow drops over 1,100 points as sinking tech stocks combine with jumping oil prices to drag markets down
Macro

Dow drops over 1,100 points as sinking tech stocks combine with jumping oil prices to drag markets down

The S&P 500 fell 1.5% after swinging sharply between gains and losses in the last hour of trading. The Nasdaq composite slumped 1.7%.

fortune.com · Jul 29, 2026 · 1 min read
More than 1,200 AI workers across Anthropic, DeepMind, OpenAI, and Meta are asking for Washington’s help building an AI slowdown plan
Macro

More than 1,200 AI workers across Anthropic, DeepMind, OpenAI, and Meta are asking for Washington’s help building an AI slowdown plan

The statement, signed by senior executives at competing companies, calls on the government to help build the tools needed to pace frontier AI development.

fortune.com · Jul 29, 2026 · 1 min read
Here are the five big takeaways from this week's Fed meeting
Macro

Here are the five big takeaways from this week's Fed meeting

The Federal Reserve on Wednesday followed through on expectations for no interest rate change.

cnbc.com · Jul 29, 2026 · 1 min read
Wall Street is panicking over Kevin Warsh’s patience
Macro

Wall Street is panicking over Kevin Warsh’s patience

The Dow fell over 2% after the conference.

fortune.com · Jul 29, 2026 · 1 min read
Jeffrey Gundlach says the bond market is telling Warsh the Fed has to start acting on inflation
Macro

Jeffrey Gundlach says the bond market is telling Warsh the Fed has to start acting on inflation

Gundlach said the divergent moves across the Treasury curve showed investors' skepticism that the Fed will ultimately follow through.

cnbc.com · Jul 29, 2026 · 1 min read