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Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
Macro

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
Macro

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
Macro

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
Macro

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’
Macro

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
Macro

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
Macro

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
Macro

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
Macro

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
Macro

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
How surging gold prices led to the biggest jump on this year’s Southeast Asia 500
Macro

How surging gold prices led to the biggest jump on this year’s Southeast Asia 500

Surging gold prices helped lift Indonesia's Hartadinata Abadi up 115 places on the Southeast Asia 500, as investors flocked to the safe haven asset.

fortune.com · Jun 17, 2026 · 1 min read
Apple prepares second-generation iPhone Air for spring 2027
Macro

Apple prepares second-generation iPhone Air for spring 2027

Current prototypes of the new model, code-named V62, add a second rear camera for ultrawide-angle photography, according to people with knowledge of the matter.

fortune.com · Jun 17, 2026 · 1 min read
World Cup, America 250 face new risk with spy law lapse
Macro

World Cup, America 250 face new risk with spy law lapse

"We are rolling the dice with national security," one former NSA counsel warned, as the expiration of Section 702 collides with a summer of high-profile events.

fortune.com · Jun 17, 2026 · 1 min read
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Macro

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

A new study from Pew Research found that more heterosexual parents are holding full time jobs, even as they're expected to be more involved at home.

fortune.com · Jun 17, 2026 · 1 min read
Jeffrey Gundlach says Fed's Warsh is not going to be the 'easy money' chairman many hoped for
Macro

Jeffrey Gundlach says Fed's Warsh is not going to be the 'easy money' chairman many hoped for

Gundlach said Warsh's stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.

cnbc.com · Jun 17, 2026 · 1 min read
PayPal Mafia member and ex-Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades
Macro

PayPal Mafia member and ex-Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades

Roelof Botha, who spent more than two decades at VC firm Sequoia Capital, first worked with Elon Musk at PayPal.

fortune.com · Jun 17, 2026 · 1 min read
Biden’s flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result
Macro

Biden’s flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result

When the government hints at doing something big, like canceling student loans, people start acting as if it's already happened, even if it's not guaranteed.

fortune.com · Jun 17, 2026 · 1 min read
Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026
Macro

Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026

The median projection called for the federal funds rate to end 2026 at 3.8%, a quarter percentage point above the current target range.

cnbc.com · Jun 17, 2026 · 1 min read
‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less
Macro

‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less

The Amazon founder bets AI will create a labor shortage, not a doomsday, as he debuts Prometheus, his $41B startup reengineering the physical world.

fortune.com · Jun 17, 2026 · 1 min read
Chairman Warsh drastically alters Fed rate statement. Here's what's changed
Macro

Chairman Warsh drastically alters Fed rate statement. Here's what's changed

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April.

cnbc.com · Jun 17, 2026 · 1 min read
Fed holds rates steady, pares down statement to remove cutting bias
Macro

Fed holds rates steady, pares down statement to remove cutting bias

The Federal Reserve on Wednesday released its interest rate decision.

cnbc.com · Jun 17, 2026 · 1 min read
One of the most powerful El Niños on record cost the world economy $5.7 trillion. The 2026 cycle might be even stronger
Macro

One of the most powerful El Niños on record cost the world economy $5.7 trillion. The 2026 cycle might be even stronger

El Niño is here. Prepare for higher food prices, throttled trade, and a ‘systemic shock’ to the world economy.

fortune.com · Jun 17, 2026 · 1 min read
Sam Bankman-Fried’s pardon bid faces bipartisan pushback in Congress: ‘Keep him locked up’
Macro

Sam Bankman-Fried’s pardon bid faces bipartisan pushback in Congress: ‘Keep him locked up’

Sens. Cynthia Lummis and Ruben Gallego submitted a resolution that opposes a presidential pardon for the notorious crypto fraudster.

fortune.com · Jun 17, 2026 · 1 min read
Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
Macro

Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI

Brinker's CIO joined in 2024 and spent two years fixing Wi-Fi, iPads, and other gadgets needed to run restaurants more efficiently. Now, he's ready for AI.

fortune.com · Jun 17, 2026 · 1 min read
The G7 has some special lunchtime guests this year: Sam Altman, Demis Hassabis and Dario Amodei
Macro

The G7 has some special lunchtime guests this year: Sam Altman, Demis Hassabis and Dario Amodei

When the White House forced Anthropic to cut off all non-American access to its most advanced models, it handed European leaders an argument.

fortune.com · Jun 17, 2026 · 1 min read
Jensen Huang on his relationship with Trump: ‘calls me in the middle of the night’
Macro

Jensen Huang on his relationship with Trump: ‘calls me in the middle of the night’

The CEO of the world's most valuable company wants "everybody" to engage with AI. "We need to create new social norms."

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