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The most reassuring argument about AI and jobs quietly explains why Gen Z can’t get one
Macro

The most reassuring argument about AI and jobs quietly explains why Gen Z can’t get one

It's not just the Jevons Paradox — it's also the lump of labor fallacy. But there's no God-given right for entry-level work to exist.

fortune.com · Jun 29, 2026 · 1 min read
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time
Macro

This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time

Almost 80% of global data centers face some form of climate risk, and it could cost developers trillions in the coming decades.

fortune.com · Jun 29, 2026 · 1 min read
Ford realized AI wasn’t capable of taking human jobs years ago—and hired 350 ‘gray beard’ engineers to steer its program
Macro

Ford realized AI wasn’t capable of taking human jobs years ago—and hired 350 ‘gray beard’ engineers to steer its program

“We didn’t pay as much attention as we should have to the experience of our most knowledgeable engineers that have been with us through many product cycles,” a Ford exec said.

fortune.com · Jun 29, 2026 · 1 min read
The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis
Macro

The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis

"Not only the fact of independence but also the appearance of independence is key to the Federal Reserve’s design."

fortune.com · Jun 29, 2026 · 1 min read
‘Cop on your wrist’— Wearables offer tons of data but people are still going to sleep to Netflix and TikTok
Macro

‘Cop on your wrist’— Wearables offer tons of data but people are still going to sleep to Netflix and TikTok

A group of experts at Fortune’s Brainstorm Tech event in Aspen pinpointed a problem: People have more data than ever from their wearables, but nobody knows what to do with the information.

fortune.com · Jun 29, 2026 · 1 min read
Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters
Macro

Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters

Strategy continues its shift away from aggressive Bitcoin accumulation as market conditions deteriorate.

fortune.com · Jun 29, 2026 · 1 min read
Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns
Macro

Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns

"In placing massive hyperscaling bets, investors are setting lavish expectations about future earnings."

fortune.com · Jun 29, 2026 · 1 min read
Target is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired
Macro

Target is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired

Target staffers who clock in late and skip work enough to rack up 12 points will be shown the door. It’s just one way companies are tightening their grip on in-person attendance.

fortune.com · Jun 29, 2026 · 1 min read
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: ‘Sadly,’ it makes the world a worse place
Macro

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: ‘Sadly,’ it makes the world a worse place

Musk has offered thoughts on philanthropy: “It’s very easy to give money away to get the appearance of goodness” but it's very difficult to get “reality.”

fortune.com · Jun 29, 2026 · 1 min read
Australia’s under-16 social media ban is failing, so the government is (literally) doubling down
Macro

Australia’s under-16 social media ban is failing, so the government is (literally) doubling down

“We can all agree we would like the scheme to work better than it is currently, but that is on Big Tech taking the Mickey," Minister Anika Wells said.

fortune.com · Jun 29, 2026 · 1 min read
How smart employers are turning the World Cup into a workplace win
Macro

How smart employers are turning the World Cup into a workplace win

Streaming watch parties from the conference room and buying drinks to work at the bar. Meet the bosses embracing the World Cup.

fortune.com · Jun 29, 2026 · 1 min read
Current price of oil as of June 29, 2026
Macro

Current price of oil as of June 29, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

fortune.com · Jun 29, 2026 · 1 min read
AI spending boom accelerates as Big Tech pours trillions into infrastructure
Macro

AI spending boom accelerates as Big Tech pours trillions into infrastructure

JPMorgan raised its AI capital spending forecast through 2030 as companies continue to expand AI infrastructure.

fortune.com · Jun 29, 2026 · 1 min read
The sell-off in Strategy’s preferred stock has investors questioning everything
Macro

The sell-off in Strategy’s preferred stock has investors questioning everything

The Bitcoin bull said in 2025 that Strategy’s newest stock offering had no “downside,” but investors beg to differ.

fortune.com · Jun 29, 2026 · 1 min read
Mozilla President: meet the open source ‘rebel alliance’ that could break Big Tech’s grip on AI
Macro

Mozilla President: meet the open source ‘rebel alliance’ that could break Big Tech’s grip on AI

Middle powers like Canada and the EU are quietly building an alternative AI future — one that's open, accountable, and not controlled by a handful of labs.

fortune.com · Jun 29, 2026 · 1 min read
Why BlackRock, Nvidia, and Temasek are betting billions on quantum computing
Macro

Why BlackRock, Nvidia, and Temasek are betting billions on quantum computing

Geopolitical competition and meaningful exits are convincing Wall Street the technology may finally be nearing its moment.

fortune.com · Jun 29, 2026 · 1 min read
Ray Dalio was a ‘below average’ student who got into investing by caddying for Wall Street traders: Now he hires talent who have experienced hardship
Macro

Ray Dalio was a ‘below average’ student who got into investing by caddying for Wall Street traders: Now he hires talent who have experienced hardship

“What I find quite often is the case is that that student who did really, really well—and in remembering all the things that they’ve learned and so on—hadn’t gone through anything like that, [and] may not be the most inventive, may not be t

fortune.com · Jun 29, 2026 · 1 min read
As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
Macro

As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test

JPMorgan's CEO succession race gives a clue as to why boards still pit top contenders against each other.

fortune.com · Jun 29, 2026 · 1 min read
Wendy Schmidt: Three centuries of science is something to celebrate
Macro

Wendy Schmidt: Three centuries of science is something to celebrate

George Washington Died Not Knowing Dinosaurs Existed. Three Centuries Later, Science Has Never Needed More Defense.

fortune.com · Jun 29, 2026 · 1 min read
China's economy picks up in June on rebounding U.S. exports, analysts say
Macro

China's economy picks up in June on rebounding U.S. exports, analysts say

China's economy is showing signs of picking up after a sluggish few months — thanks in part to a rebound in shipments to the U.S.

cnbc.com · Jun 29, 2026 · 1 min read
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
Macro

President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards

Everything you need to know before you reach the office this morning.

fortune.com · Jun 29, 2026 · 1 min read
CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher
Macro

CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher

Also: All the news and watercooler chat from Fortune.

fortune.com · Jun 29, 2026 · 1 min read
Harvard’s housing report has a darker message than affordability—the middle-class home was always a historical accident
Macro

Harvard’s housing report has a darker message than affordability—the middle-class home was always a historical accident

Harvard's U.S. housing report points to an uncomfortable conclusion: homeownership is no longer something you earn. It's something you inherit.

fortune.com · Jun 29, 2026 · 1 min read
A former Fed colleague of Kevin Warsh on what to expect: ‘Plan for higher rates’
Macro

A former Fed colleague of Kevin Warsh on what to expect: ‘Plan for higher rates’

Esther George spent a decade dissenting in favor of tighter policy. Now she says Warsh may have no choice but to raise rates.

fortune.com · Jun 29, 2026 · 1 min read
Samsung, SK reportedly to invest $1.3 trillion over 10 years
Macro

Samsung, SK reportedly to invest $1.3 trillion over 10 years

Samsung Electronics Co. and SK Hynix Inc. are each expected to build four to five semiconductor fabs in the Gwangju area.

fortune.com · Jun 28, 2026 · 1 min read
Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz
Macro

Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz

Sources told Axios that the U.S. and Iran agreed to halt attacks and meet in Qatar on Tuesday to resolve differences over the Strait of Hormuz.

fortune.com · Jun 28, 2026 · 1 min read