Social Security and Medicare are heading toward insolvency. Congress has 6 years to act | Fortune Steve Hanke is a Senior Contributing Columnist at Fortune, a professor of applied economics at The Johns Hopkins University, and a member of the…
SpaceX’s $1.77 trillion IPO is set to become the largest in history this week, and, analysts say, among the most controversial. The IPO, which aims to raise $75 billion by selling 555 million shares at a fixed price of $135…
In 2010, “crypto” consisted of the Bitcoin blockchain and a motley group of visionaries, builders, and outlaws. Today, crypto is a multi-trillion-dollar industry whose reach spans from humble villages to the biggest banks on Wall Street. This evolution reflects the…
A South Korean regulator fined the country’s largest e-commerce platform, owned by U.S.-listed Coupang Inc., a record 624.7 billion won ($409 million) for a wide-ranging cyber-intrusion that escalated into a diplomatic tiff with the US. The Personal Information Protection Commission’s…
Consumer prices rose 0.5% in May, the Bureau of Labor Statistics reported Wednesday, lifting annual inflation to 4.2% from 3.8%—the first 4%-handle increase in three years. But the heat was mostly contained in energy: It accounted for more than 60%…
In the last six years, a surge of satellites in orbit has triggered what Northwood Space Chief Executive Bridgit Mendler called the “infrastructure building era” of space. Speaking at the Fortune Brainstorm Tech conference in Aspen, Colorado on Tuesday, Mendler…
Trade jobs are the future, and Meta knows it. The company is launching an initiative called America’s Workforce Academy to train data center technicians in partnership with commercial real estate giant CBRE; Associated Builders and Contractors, a construction trade association;…
When Anthropic made its first Mythos-tier model available to the general public yesterday, called Claude Fable 5, Fortune reported it was a “considerable step” for the lab, coming just over a week after the company confidentially filed for IPO paperwork.…
Bill Gates said Wednesday that he made a “grave error in judgment” by meeting with Jeffrey Epstein but denied any wrongdoing as the Microsoft co-founder faced hours of questioning from lawmakers about his relationship with the disgraced financier. In an…
You’ll usually be in the money — at least if recent history holds. The New York Knicks, after two straight wins in the finals against the San Antonio Spurs, lost at home 115-111 on Monday night with Trump, a longtime fan of…