BUSINESS NEWS
- ‘Stop building silos of excellence’: Peloton’s COO has a Navy playbook for the new era of supply chain chaos
by Nick Lichtenberg on June 3, 2026 at 1:55 pmPeloton COO Charles Kirol spent decades commanding nuclear submarines. Now he's using that same playbook to rebuild from the ground up.
- Variant raises $222 million for new fund with a thesis of AI, crypto and ‘autonomy’
by Jeff John Roberts on June 3, 2026 at 12:30 pmA VC who helped Andreessen Horowitz design its early crypto strategy has big ideas on the next era of decentralization.
- Intel’s new CEO cut management layers in half. The stock is up nearly 500%
by Jeff John Roberts on June 3, 2026 at 7:00 amWhen Lip-Bu Tan took over, Intel was drowning in debt and losing the AI game. In just 13 months, the new CEO has attracted capital infusions from Nvidia and SoftBank, and is closing in on a next-generation chip process.
- Microsoft seeks to be AI’s center of gravity again. CEO Satya Nadella is in San Francisco to make the case
by Sebastian Herrera on June 2, 2026 at 11:00 pmSoftware giant revealed a sweep of product announcements at its Build developer conference on Tuesday.
- Southwest exec says the free bag and assigned seating overhaul is already paying off
by Preston Fore on June 2, 2026 at 10:23 pmExecutives at Southwest and MGM say reinvention—not tradition—is becoming essential as travelers grow more price-conscious and industry pressures mount.
- Chipotle COO calls hiring one of the ‘most painful processes’—so his AI bot ‘Ava Cado’ cut it from 12 days to 4
by Preston Fore on June 2, 2026 at 6:17 pm“At the end of the day, that applicant ends up working for a human,” Jason Kidd said at the Fortune COO Summit. “So how far can we push it?”
- Should you treat AI agents as colleagues? Fortune 500 executives can’t settle the debate
by Nick Lichtenberg on June 2, 2026 at 5:44 pmOkta's COO named his agents and put them in business reviews. Lattice's CEO says that's exactly the wrong move — and new research backs her up.
- An AI overhaul at Macy’s is fueling the 168-year-old retailer’s turnaround
by Phil Wahba on June 2, 2026 at 11:00 amFrom a virtual try-on assistant that quintuples spending per session to machine learning tools that forecast demand and train managers, Macy's is deploying AI across its entire business
- Jensen Huang says he pays Nvidia staff ‘as much as possible’ in bid to share the wealth from AI boom
by Eleanor Pringle on June 2, 2026 at 10:56 am“I pay my employees as much as I can," Huang said.
- Cognizant CEO says AI is remaking middle managers into player-coaches who can ‘both execute and develop others’
by Diane Brady on June 2, 2026 at 10:12 amAlso: All the news and watercooler chat from Fortune.