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Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
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Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint

A midday rout in the "Parabolic 7" chipmakers reversed by the close as money fled into the market's dullest corners.

fortune.com · Jun 09, 2026 · 1 min read
Texas ICE facility spent $11.5 million on guards, medical services, transportation and meals weeks before the camp even held detainees, GAO finds
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Texas ICE facility spent $11.5 million on guards, medical services, transportation and meals weeks before the camp even held detainees, GAO finds

The Government Accountability Office found a detainee escaped in October and a security guard lost a loaded firearm inside the facility that was never recovered. Additionally, the contractor failed to administer tuberculosis skin tests to s

fortune.com · Jun 09, 2026 · 1 min read
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
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AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO

As companies move beyond AI pilots, Hyatt says the technology is delivering measurable business results.

fortune.com · Jun 09, 2026 · 1 min read
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
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America’s grid is reeling. General Motors offers itself as a distributed utility in disguise

As AI data centers strain the grid, GM wants to turn its EVs and batteries into a solution. Ford has a simpler plan—and the two Detroit rivals are betting on very different futures.

fortune.com · Jun 09, 2026 · 1 min read
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
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Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race

The U.S. must build much more power, storage, and better utilize the existing grid in order to keep the AI boom moving at pace said Tesla cofounder and Redwood Materials boss JB Staubel at the Fortune Brainstorm Tech conference.,

fortune.com · Jun 09, 2026 · 1 min read
Trump’s 80th birthday present is a UFC cage on the South Lawn of the White House
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Trump’s 80th birthday present is a UFC cage on the South Lawn of the White House

The South Lawn is sometimes called America’s backyard.

fortune.com · Jun 09, 2026 · 1 min read
Trump’s $100,000 visa fee is dead in one court and alive in another, setting up Supreme Court brawl
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Trump’s $100,000 visa fee is dead in one court and alive in another, setting up Supreme Court brawl

H-1B visas are meant for high-skilled jobs that are difficult to find American workers to fill.

fortune.com · Jun 09, 2026 · 1 min read
FIFA says ‘market rates’ explain World Cup prices. Economists say the market was rigged by design
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FIFA says ‘market rates’ explain World Cup prices. Economists say the market was rigged by design

FIFA launched its own resale marketplace and collects 30% on every ticket resold. Economists say it was designed to extract revenue at every stage.

fortune.com · Jun 09, 2026 · 1 min read
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
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The AI industry spent years chasing bigger models. Now it’s chasing efficiency

After years of pursuing ever-larger models, AI leaders are increasingly focused on efficiency, adaptability, and the rising cost of inference.

fortune.com · Jun 09, 2026 · 1 min read
China’s exports to the US are surging at a pre-Liberation Day pace, defying Trump’s tariff goals
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China’s exports to the US are surging at a pre-Liberation Day pace, defying Trump’s tariff goals

Chinese exports to the U.S. surged more than 35% from the year before, as analysts say the recent YOY improvement has to do Trump's tariffs.

fortune.com · Jun 09, 2026 · 1 min read
‘Not an Allbirds Moment’: Xbox’s new CEO says she is grounding the console in gaming roots, not AI
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‘Not an Allbirds Moment’: Xbox’s new CEO says she is grounding the console in gaming roots, not AI

Since stepping into the Xbox CEO role, Asha Sharma has preached a "return of Xbox."

fortune.com · Jun 09, 2026 · 1 min read
Should Americans get an equity stake in AI? Trump and progressive Democrats float public ownership of AI
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Should Americans get an equity stake in AI? Trump and progressive Democrats float public ownership of AI

In an unusual cross-ideological convergence, Trump and progressive Democrats like Bernie Sanders are both floating some form of public equity in AI.

fortune.com · Jun 09, 2026 · 1 min read
Kalshi trading in 'perps' crosses $1 billion in volume within a week of launch
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Kalshi trading in 'perps' crosses $1 billion in volume within a week of launch

A spokesperson for the company said that the product is the fastest growing in the prediction market platform's history.

cnbc.com · Jun 09, 2026 · 1 min read
‘Getting control where we can’: Europe wants sovereign AI, but most of the chips are from the U.S.
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‘Getting control where we can’: Europe wants sovereign AI, but most of the chips are from the U.S.

At Fortune Brainstorm Tech, Mistral’s Timothée Lacroix made the case for European control over the AI stack.

fortune.com · Jun 09, 2026 · 1 min read
A $200 million Boomer estate, millennial heir Nick Reiner, and the dark side of the Great Wealth Transfer
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A $200 million Boomer estate, millennial heir Nick Reiner, and the dark side of the Great Wealth Transfer

The fight over a trust is a grim preview of what happens when the largest inheritance in history runs into a family at war.

fortune.com · Jun 09, 2026 · 1 min read
Anthropic releases its first Mythos-class model to the public
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Anthropic releases its first Mythos-class model to the public

Anthropic first announced Mythos in April, which it called a "step change" in capabilities, but opted to tightly control its rollout through an initiative called Project Glasswing.

fortune.com · Jun 09, 2026 · 1 min read
‘We are rapidly running out of time’ Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
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‘We are rapidly running out of time’ Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

Trustees now project the retirement fund will be depleted in 2032 and the combined system in 2034, putting pressure on the 2026 Senate class to act.

fortune.com · Jun 09, 2026 · 1 min read
Grimes says AI can make music, but humans must still tell the story
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Grimes says AI can make music, but humans must still tell the story

The singer-songwriter debated the future of musical artists in the age of AI.

fortune.com · Jun 09, 2026 · 1 min read
Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO
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Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO

Meg Whitman, former head of eBay and HP, and Tubi CEO Anjali Sud offered advice on how to scale a company.

fortune.com · Jun 09, 2026 · 1 min read
Trump on getting loudly booed by hometown New York: ‘It was, I think, mostly cheers’
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Trump on getting loudly booed by hometown New York: ‘It was, I think, mostly cheers’

Talking to reporters before boarding Air Force One to return to Washington, he said, “it was loud, and it was very enthusiastic.”

fortune.com · Jun 09, 2026 · 1 min read
The Gulf states are betting big on AI: who’s investing where?
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The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

fortune.com · Jun 09, 2026 · 1 min read
The pest that could devastate the American cattle industry was in Texas, but now it’s in New Mexico, too
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The pest that could devastate the American cattle industry was in Texas, but now it’s in New Mexico, too

So far, there are five confirmed cases: three calves and a goat in Texas and a dog from neighboring Lea County, New Mexico.

fortune.com · Jun 09, 2026 · 1 min read
Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’
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Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’

Blackstone billionaire Stephen Schwarzman has given over $1 billion to charity. He credits his grandfather—and now plans a top-10 AI-focused foundation.

fortune.com · Jun 09, 2026 · 1 min read
A Biden-era study told Americans to drink less alcohol. The Trump admin ‘sidelined’ the research facing pressure from the alcohol lobby
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A Biden-era study told Americans to drink less alcohol. The Trump admin ‘sidelined’ the research facing pressure from the alcohol lobby

House Republicans on the oversight committee criticized the study, calling it “fraught with bias”, and accused the study authors of having predetermined conclusions.

fortune.com · Jun 09, 2026 · 1 min read
Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox
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Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox

The Gen Alpha are making money from their online hobbies and managing multiple streams of income from just 13 years old.

fortune.com · Jun 09, 2026 · 1 min read
Lockheed, Palantir and Amazon helped fund Trump’s White House ballroom. They also share more than $50 billion in federal contracts
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Lockheed, Palantir and Amazon helped fund Trump’s White House ballroom. They also share more than $50 billion in federal contracts

Lockheed Martin alone received roughly $43.8 billion in new or expanded contracts.

fortune.com · Jun 09, 2026 · 1 min read