Jimmy Donaldson's Beast Industries now runs a chocolate brand, a burger chain, and a fintech app alongside his 522-million-subscriber channel, and investor Steven Bartlett says it's the clearest sign yet of where the creator economy is headed.
Top Stories
A wave of corporate bonds issued during the era of near-zero rates is coming due just as yields near 5%, and analysts warn the reset could squeeze earnings at the most leveraged S&P 500 companies.
Efforts to raise taxes on the wealthy keep running into the same argument, that higher rates will drive millionaires elsewhere, even as evidence on how real that flight risk actually is remains contested.
Nscale, the Nvidia-backed AI infrastructure company, is pursuing a roughly $35 billion IPO even as its own filings include going-concern language about its ability to keep operating.
As the Gates Foundation expands funding for AI tutoring tools in schools, teachers say the technology is helping students who are already on track while failing to reach the ones furthest behind.
As AI agents start browsing and buying on shoppers' behalf, Mastercard and Visa are rolling out competing protocols to make sure those purchases still run through their networks.
OpenAI paid a security researcher $6,500 for a flaw that reportedly touched infrastructure connected to Anthropic's Claude code, raising fresh questions about how AI labs isolate their most sensitive systems.
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Banking
Treasury says Banque Misr's UAE branches moved $1.8 billion tied to Iran's shadow banking network, prompting the US to cut off dollar clearing and the UAE to launch its own investigation, according to Bloomberg.
Casey's, the Fortune 500 convenience store chain, has built a $28 billion business on small-town gas stations and pizza, and Gen Z is discovering it on TikTok, according to Fortune.
Bill Gates wants to tax robots and AI tokens to offset job losses, while Jensen Huang argues AI will be a net job creator, though both say wealthy Americans should be taxed more, according to Fortune.
Business
Seven-time NASCAR champion Jimmie Johnson tells Gen Z that showing up 10 minutes early and shining your shoes matter more than raw talent in a crowded field, according to Fortune.
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Business
On Google's 22nd IPO anniversary, Fortune revisits Steve Jobs's advice to Larry Page to ruthlessly narrow focus, a philosophy Page ultimately rejected on the way to building the $1.9 trillion Alphabet.
Yum Brands' Jim Dausch is deploying voice AI ordering, smarter delivery routing, and a unified restaurant platform, but only where he can prove it moves sales or cuts waste, according to Fortune.
OpenAI and Anthropic's rapid hiring has pushed San Francisco rents past New York's, with Redfin estimating AI equity wealth alone could buy up a third of the metro's housing stock, according to Fortune.
Business
AI-made listings make up a growing share of marketplace uploads but a tiny fraction of sales, as consumers increasingly favor products with visible human craftsmanship, according to Fortune.
Demis Hassabis has moved from CEO to chairman at Google DeepMind, and Fortune reports a wave of senior departures, including chief scientist Jeff Dean, has followed.
A Pearl Meyer survey finds just 34% of C-suite executives are clear on who owns AI decisions, even as global AI spending is set to hit $2.5 trillion this year, according to Fortune.
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