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‘Make AI work for ordinary people’: Bernie Sanders wants to pay you $1,000 every year from a government stake in AI companies
Macro

‘Make AI work for ordinary people’: Bernie Sanders wants to pay you $1,000 every year from a government stake in AI companies

The senator is introducing a bill that would give Americans 50% ownership of the country’s biggest AI companies if they become profitable.

fortune.com · Jun 18, 2026 · 1 min read
Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange
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Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange

Lux Capital led the investment, which values the Stanford graduate’s exchange at $300 million.

fortune.com · Jun 18, 2026 · 1 min read
Entry-level work didn’t disappear, PwC finds with ‘seniorization.’ It just morphed into something young workers can’t get
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Entry-level work didn’t disappear, PwC finds with ‘seniorization.’ It just morphed into something young workers can’t get

"Employers are changing what they ask for in entry-level roles," Dan Priest, PwC's U.S. chief AI officer, told Fortune.

fortune.com · Jun 18, 2026 · 1 min read
AI’s free-for-all era may be coming to an end—as companies start counting the cost
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AI’s free-for-all era may be coming to an end—as companies start counting the cost

Executives at VivaTech say the rush to deploy AI is giving way to tighter controls, a shift to cheaper models, and a growing focus on what actually delivers returns.

fortune.com · Jun 18, 2026 · 1 min read
Dario Amodei only has 1 direct report, his chief of staff—and everyone else reports to his sister: ‘It’s incredibly freeing’
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Dario Amodei only has 1 direct report, his chief of staff—and everyone else reports to his sister: ‘It’s incredibly freeing’

As $965 billion Anthropic prepares to IPO, the AI firm’s CEO Dario Amodei admits he’s only been managing one person—and passing the rest to his sister.

fortune.com · Jun 18, 2026 · 1 min read
Exclusive: Arizona senator warns ‘ghost jobs’ are warping labor data, presses Trump admin to investigate
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Exclusive: Arizona senator warns ‘ghost jobs’ are warping labor data, presses Trump admin to investigate

Sen. Ruben Gallego sent letters outlining his concerns on Thursday to the Department of Labor and Federal Trade Commission.

fortune.com · Jun 18, 2026 · 1 min read
Zohran’s primary of power: the Democrat that Republicans fear most runs New York City
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Zohran’s primary of power: the Democrat that Republicans fear most runs New York City

Six months into his mayoralty he's already toppling incumbents, defying Hakeem Jeffries, and giving the GOP a lot to think about.

fortune.com · Jun 18, 2026 · 1 min read
Pete Hegseth flew to NATO, told allies they might fail his review, and caught an early flight home
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Pete Hegseth flew to NATO, told allies they might fail his review, and caught an early flight home

"Instead of tanks and fighters and air defenses, the focus has been on gender equity and climate change and defense austerity," he said, inaccurately.

fortune.com · Jun 18, 2026 · 1 min read
Europe’s $29 billion Iran War bill is driving a scramble for new energy routes
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Europe’s $29 billion Iran War bill is driving a scramble for new energy routes

The EU is fast-tracking IMEC, undersea power cables and Gulf pipeline deals — but all options run through an Israel-Saudi normalization that may not come.

fortune.com · Jun 18, 2026 · 1 min read
Teen summer employment is headed for its worst year since 1948
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Teen summer employment is headed for its worst year since 1948

Challenger, Gray & Christmas projects record-low teen hiring this summer as inflation, cautious employers, and AI squeeze out entry-level jobs.

fortune.com · Jun 18, 2026 · 1 min read
Joshua Baer, the architect of Austin’s tech scene, dies at 50
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Joshua Baer, the architect of Austin’s tech scene, dies at 50

The self-described “Austinpreneur” founded the venture capital firm Capital Factory. He died when a small jet crashed on a Texas highway.

fortune.com · Jun 18, 2026 · 1 min read
Google DeepMind unveils plan to protect itself from its own rogue AI agents
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Google DeepMind unveils plan to protect itself from its own rogue AI agents

For years, AI safety research focused on 'alignment.' The Google DeepMind roadmap assumes some AI agents may go rogue, and focuses on monitoring and access control.

fortune.com · Jun 18, 2026 · 1 min read
Current price of oil as of June 18, 2026
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Current price of oil as of June 18, 2026

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

fortune.com · Jun 18, 2026 · 1 min read
The next-generation ‘Tiger Cubs’ who see the AI bubble risk—and know exactly where the next trade is
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The next-generation ‘Tiger Cubs’ who see the AI bubble risk—and know exactly where the next trade is

Maverick Capital's co-CIOs Ben Silver and David Tykocinski have spent four years quietly outperforming their peers.

fortune.com · Jun 18, 2026 · 1 min read
We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
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We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran

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

fortune.com · Jun 18, 2026 · 1 min read
A $5.6 billion valuation and rapid global expansion—this AI European-scaler even threw in a free Jude Law
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A $5.6 billion valuation and rapid global expansion—this AI European-scaler even threw in a free Jude Law

Legora’s AI is shaking up the legal profession, while its Jude Law-fronted ad campaign has made law a dinner-party topic.

fortune.com · Jun 18, 2026 · 1 min read
Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
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Kevin Warsh’s hawkish tone: What CEOs need to know about rates today

Also: All the news and watercooler chat from Fortune.

fortune.com · Jun 18, 2026 · 1 min read
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
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Whatnot is worth $11.5 billion—and its sellers just hit one billion orders

Whatnot—which in October raised a $225 million Series F, with an $11.5 billion valuation—has been in the midst of a serious growth spurt.

fortune.com · Jun 18, 2026 · 1 min read
A wave of CFO retirements is reshaping the Fortune 500—AT&T’s Pascal Desroches is the latest
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A wave of CFO retirements is reshaping the Fortune 500—AT&T’s Pascal Desroches is the latest

Jennifer Biry was named AT&T's next CFO, bringing a blend of telecom, tech, and operational experience.

fortune.com · Jun 18, 2026 · 1 min read
Meet the CEO of US Polo Assn: He grew up in one of America’s poorest regions and now hosts Prince William and runs a $2.7 billion brand
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Meet the CEO of US Polo Assn: He grew up in one of America’s poorest regions and now hosts Prince William and runs a $2.7 billion brand

The U.S. Polo Assn. CEO studied accounting when millennials and boomers were abandoning it—and it opened the door to a $2.7 billion career in luxury fashion.

fortune.com · Jun 18, 2026 · 1 min read
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring a recent role: ‘Nobody on that list gets that job’
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Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring a recent role: ‘Nobody on that list gets that job’

Anne Hathaway received the same AI-written thank you note from every candidate—and Meryl Streep said what every boss is thinking: "That's just tragic."

fortune.com · Jun 18, 2026 · 1 min read
Inside Europe’s most innovative companies
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Inside Europe’s most innovative companies

From semiconductors powering the AI boom to 360-year-old manufacturers adapting to the green economy, here are the organizations driving the European economy forward.

fortune.com · Jun 18, 2026 · 1 min read
Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it
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Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it

"That was hawkish Kevin talking," according to the "Fed whisperer," Jon Hilsenrath.

fortune.com · Jun 17, 2026 · 1 min read
The G7 just pledged to break China’s rare earth grip — there’s a lot of work to do
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The G7 just pledged to break China’s rare earth grip — there’s a lot of work to do

Seven of the world's largest economies want to cap China's rare earth dominance at 60% by 2030. Experts say "it's definitely a bold target."

fortune.com · Jun 17, 2026 · 1 min read
Kevin Warsh’s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don’t expect many details on when
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Kevin Warsh’s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don’t expect many details on when

In his inaugural meeting as Federal Reserve Chairman, Kevin Warsh announced that interest rates will remain unchanged at 3.5% to 3.75%. Acknowledging ongoing economic challenges, including inflation and geopolitical tensions, Warsh emphasized the Fed's commitment to maintaining price stability while navigating political pressures. ## BODY: In a pivotal moment for the U.S. economy, **Kevin Warsh** delivered his first statement as Chairman of the Federal Reserve, confirming that the base interes

assetmarketcap.com · Jun 17, 2026 · 5 min read
The froyopocalypse is over. Gen Z is swarming frozen yogurt shops like it’s 2010
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The froyopocalypse is over. Gen Z is swarming frozen yogurt shops like it’s 2010

The number of frozen yogurt servings sold in the year leading up to March rose 26%, according to Circana.

fortune.com · Jun 17, 2026 · 1 min read