North Korea’s army of cyber operatives stole a record $2 billion in digital assets last year, fueled by the largest financial theft ever reported—$1.46 billion stolen in a single operation from crypto exchange Bybit. The attackers pulled off the heist…
Brody Franzen is showing me his missiles and his comically large American flag. His company Furientis, operates out of Lenny Kravitz’s old studio in Los Angeles. He puts his head next to two mach three (three times the speed of…
Good morning. While few expect a radical policy shift to result from the U.S.-China state visit, as my Hong Kong-based colleague Lee Williamson noted yesterday, it’s an opportunity to reflect on the stakes for business. President Donald Trump’s ongoing tariff…
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…
The U.S. government is technically insolvent, with its liabilities far exceeding its assets, and its financial condition is deteriorating with each passing day. Washington seems to be addicted to deficit financing and the accumulation of an ever-increasing mountain of debt. Indeed,…
That hard-to-get reservation at the just-opened restaurant? It might run through a booking platform owned by your credit card company. The court-side tickets and the post-game meet-and-greet? Same. The hotel you’re about to book, the car ride to the restaurant,…
Lloyd Blankfein spent decades at Goldman Sachs learning how to manage risk at scale. He watched the firm navigate the 1987 crash, the dot-com bust, the 2008 financial crisis, and the post-crisis regulatory overhaul that reshaped Wall Street. So when…
Trump Mobile’s flashy golden phone is releasing its first units nearly a year after the device was initially announced. The CEO of Trump Mobile, Pat O’Brien, confirmed in a statement to Fortune that the company will begin shipping its “T1”…
The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world’s most powerful central bank at a fraught moment for the global economy. Warsh, 56, a former top Fed official, was confirmed Wednesday…
The Clarity Act, a landmark bill that would create a U.S. regulatory framework for the crypto industry, is set to undergo a Senate committee markup starting Thursday. The prospect of its passage has buoyed investors, but significant obstacles remain before…