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TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up
Macro

TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up

Also: All the news and watercooler chat from Fortune.

fortune.com · Jun 17, 2026 · 1 min read
Your raise used to go offshore. Then it went to a buyback. Now it’s going to a data center
Macro

Your raise used to go offshore. Then it went to a buyback. Now it’s going to a data center

Goldman Sachs' global strategist says we've entered a "postmodern" era of finance — and the rules that made investors rich for 40 years no longer apply.

fortune.com · Jun 17, 2026 · 1 min read
A 76-year-old was about to lose his entire $3 million retirement to a scam. TIAA’s AI caught it—but a human prevented disaster
Macro

A 76-year-old was about to lose his entire $3 million retirement to a scam. TIAA’s AI caught it—but a human prevented disaster

AI is increasingly taking over. But TIAA CEO Thasunda Brown Duckett insists, “it's still all about the humans” after staff saved a retiree millions.

fortune.com · Jun 17, 2026 · 1 min read
The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America
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The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America

Nuri Katz has spent 34 years moving the world's ultra-rich from one country to another, and now Americans top the list: "I've never seen that before."

fortune.com · Jun 17, 2026 · 1 min read
China pushes for AI safety as G7 summit wraps up without Beijing
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China pushes for AI safety as G7 summit wraps up without Beijing

China included artificial intelligence in its global governance whitepaper published Wednesday, and said Beijing was speeding up cooperation efforts.

cnbc.com · Jun 17, 2026 · 1 min read
Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses
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Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses

The Trump administration says borrowing caps will incentivize universities to lower costs, but Republicans aren’t taking that chance with nurses.

fortune.com · Jun 17, 2026 · 1 min read
‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983
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‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983

The 2026 Social Security Trustees' Report finds the worst financial outlook in nearly half a century—and a new law signed this year made things worse.

fortune.com · Jun 17, 2026 · 1 min read
The new problem for millennial parents in the Northeast: the million-dollar starter home
Macro

The new problem for millennial parents in the Northeast: the million-dollar starter home

The first rung onto the property ladder now costs seven figures in a record 242 cities, a new Zillow report shows.

fortune.com · Jun 17, 2026 · 1 min read
He fled Iran for the American dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer
Macro

He fled Iran for the American dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer

Health tech millionaire fled Iran with nothing—now he skips lunch, spends $500 a month on carrot juice, and bought his whole team Rolexes.

fortune.com · Jun 17, 2026 · 1 min read
Citi, Ford, and Experian share their strategies for scaling AI agents
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Citi, Ford, and Experian share their strategies for scaling AI agents

AI agents require trust. And building trust takes time. At Fortune Brainstorm Tech, business leaders discussed how they're making it work at their companies.

fortune.com · Jun 16, 2026 · 1 min read
Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas
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Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

“There’s no way all these infrastructure investments can be financed by the local banking ecosystems,” Lottner says. “Vietnam’s deposit-generating capacity just isn’t big enough.”

fortune.com · Jun 16, 2026 · 1 min read
Michael Burry says he's tempted to bet against SpaceX, but passes on expensive options
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Michael Burry says he's tempted to bet against SpaceX, but passes on expensive options

Burry argued the company's market capitalization had reached levels that dwarf many established businesses and fortunes.

cnbc.com · Jun 16, 2026 · 1 min read
Filling up your car won’t feel normal until next summer, S&P says
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Filling up your car won’t feel normal until next summer, S&P says

A ceasefire between the U.S. and Iran could end the largest oil market disruption in history—and a full return to normal will take time to materialize.

fortune.com · Jun 16, 2026 · 1 min read
Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia
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Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

fortune.com · Jun 16, 2026 · 1 min read
Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it
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Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it

With its decision on Anthropic's Mythos and Fable, the Trump administration has created a de facto licensing regime that throws into question the trajectory of frontier AI development.

fortune.com · Jun 16, 2026 · 1 min read
Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO
Macro

Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO

The fintech is exploring the sale of parts of its portfolio on the secondary market.

fortune.com · Jun 16, 2026 · 1 min read
Fed Chair Warsh expected to withhold 'dot' from central bank's interest rate outlook
Macro

Fed Chair Warsh expected to withhold 'dot' from central bank's interest rate outlook

The central bank's Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.

cnbc.com · Jun 16, 2026 · 1 min read
‘Making China the elephant in the room’: The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say
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‘Making China the elephant in the room’: The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say

With U.S. export controls on Anthropic boxing out allies and China controlling the minerals behind clean energy, the summit's AI and trade goals might be stymied.

fortune.com · Jun 16, 2026 · 1 min read
Trump turned the dollar into a foreign policy tool, and now risks undermining the currency’s extraordinary status, think tank says
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Trump turned the dollar into a foreign policy tool, and now risks undermining the currency’s extraordinary status, think tank says

The administration is turning emergency dollar lifelines into geopolitical favors. Economists say that bargain could come at a steep cost.

fortune.com · Jun 16, 2026 · 1 min read
Welcome to the summer of ‘Butter Yellow,’ the shade of consumer anxiety
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Welcome to the summer of ‘Butter Yellow,’ the shade of consumer anxiety

Soft palettes, nostalgic spending, and what America's newest aesthetic obsession reveals about the economy underneath.

fortune.com · Jun 16, 2026 · 1 min read
SpaceX’ surging stock paid for the $60 billion Cursor acquisition in just a few hours of trading—and it reveals Elon Musk’s new power
Macro

SpaceX’ surging stock paid for the $60 billion Cursor acquisition in just a few hours of trading—and it reveals Elon Musk’s new power

SpaceX's stock appreciated by the entire $60 billon price of Cursor in just a matter of hours on its first day of trading, showing the power of Elon Musk's new acquisition supercurrency.

fortune.com · Jun 16, 2026 · 1 min read
College students are voting with their feet on AI. Goldman has the receipts
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College students are voting with their feet on AI. Goldman has the receipts

If you were a student right now, what major would you choose?

fortune.com · Jun 16, 2026 · 1 min read
Robinhood announces it will reduce headcount by 10%, CEO seeks to avoid ‘heavily-layered’ organization
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Robinhood announces it will reduce headcount by 10%, CEO seeks to avoid ‘heavily-layered’ organization

Robinhood is cutting hundreds of jobs even as profits rise and new products like prediction markets help bolster growth.

fortune.com · Jun 16, 2026 · 1 min read
Prediction market traders speculate Anthropic will restore access quickly to AI model after Trump admin directed it to limit reach
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Prediction market traders speculate Anthropic will restore access quickly to AI model after Trump admin directed it to limit reach

Traders think it's more likely than not that access is restored by July 1.

cnbc.com · Jun 16, 2026 · 1 min read
Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China
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Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

“Frontier intelligence should not … be subject to withdrawal by a handful of rules at any moment,” Z.ai, a Chinese AI developer, wrote on social media.

fortune.com · Jun 16, 2026 · 1 min read
The CEO of $3 billion Michaels tells young workers to quit daydreaming and take risks because ‘the universe rewards doing things in action’
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The CEO of $3 billion Michaels tells young workers to quit daydreaming and take risks because ‘the universe rewards doing things in action’

Michaels CEO David Boone tells new grads that “the universe rewards doing things in action versus analyzing and thinking about things.”

fortune.com · Jun 16, 2026 · 1 min read