When I told my parents that I was skipping college to start my own company instead, they saw it as a somewhat reckless decision. Instead of rites of passage usually associated with your late teens, I spent my Friday nights…
President Donald Trump’s personal appeal to FIFA president Gianni Infantino may have helped suspend a red card for one of the U.S. men’s national team’s top strikers, but it may have also put FIFA’s credibility on the line and its…
Quick note: Subscribe to the forthcoming Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to…
ONE BIG THING A SpaceX-Tesla union would be a giant money-loser A SpaceX-Tesla union would be the largest merger of all time, writes Fortune’s Shawn Tully, but it still wouldn’t make any money. The two enterprises’ valuations are about equal,…
Traders seem to be betting that the U.S., Israel, and Iran are all trying to find a way out of the mess they’re in. Deutsche Bank’s “World Outlook”—published Monday and reiterated in another note this morning—reads: “Amid lingering uncertainty, our…
The Fortune 500, in its 72nd year, ranks the biggest U.S. companies, both private and public, by revenue. And this year, for the first time in more than a decade, it has a new No. 1, as Amazon ends Walmart’s…
Tad Devine was in a car driving from Rhode Island to Washington when he told 125 reporters that Hillary Clinton was going to lose the general election. It was 2016, Bernie Sanders had just won New Hampshire in a landslide,…
More than 500 people have died in the Democratic Republic of Congo as a result of the ongoing Ebola outbreak, as experts say cuts to international aid have hampered the country from containing the virus. There have been 1,561 recorded…
Officials overseeing the S&P 500 have decided NOT to fast-track the inclusion of SpaceX, Anthropic, and other “megacap” IPOs in its blue-chip index of stocks, according to a statement from S&P Dow Jones Indices. S&PDJI had considered waiving its standard…
OpenAI confidentially filed IPO papers with the SEC yesterday, setting the stage for yet another massive tech company float later in the year. You can read OpenAI’s statement here. It’s very short. Here is the entire thing, verbatim: “We recently…