BUSINESS NEWS
- Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
by Amanda Gerut on June 10, 2026 at 12:03 amThe Wonder founder is automating fast-casual food with machines that make salad and poke bowls, sauces, and eventually drinks but there are few roles for humans in these kitchens.
- Sam Bankman-Fried formally files for pardon—but White House reiterates that FTX cofounder’s odds are slim
by Camila Grigera Naon on June 9, 2026 at 10:16 pmAfter donating to the Democrats before his conviction, the onetime crypto billionaire has recently made overtures to the GOP.
- Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
by Eva Roytburg on June 9, 2026 at 9:43 pmA midday rout in the “Parabolic 7” chipmakers reversed by the close as money fled into the market’s dullest corners.
- AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
by Sharon Goldman on June 9, 2026 at 9:03 pmAs companies move beyond AI pilots, Hyatt says the technology is delivering measurable business results.
- America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
by Nick Lichtenberg on June 9, 2026 at 9:00 pmAs AI data centers strain the grid, GM wants to turn its EVs and batteries into a solution. Ford has a simpler plan—and the two Detroit rivals are betting on very different futures.
- Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
by Jordan Blum on June 9, 2026 at 8:47 pmThe U.S. must build much more power, storage, and better utilize the existing grid in order to keep the AI boom moving at pace, said Tesla cofounder and Redwood Materials boss JB Staubel at the Fortune Brainstorm Tech conference.
- FIFA says ‘market rates’ explain World Cup prices. Economists say the market was rigged by design
by Catherina Gioino on June 9, 2026 at 7:52 pmFIFA launched its own resale marketplace and collects 30% on every ticket resold. Economists say it was designed to extract revenue at every stage.
- The AI industry spent years chasing bigger models. Now it’s chasing efficiency
by Sharon Goldman on June 9, 2026 at 7:29 pmAfter years of pursuing ever larger models, AI leaders are increasingly focused on efficiency, adaptability, and the rising cost of inference.
- ‘Getting control where we can’: Europe wants sovereign AI, but most of the chips are from the U.S.
by Amanda Gerut on June 9, 2026 at 5:58 pmAt Fortune Brainstorm Tech, Mistral’s Timothée Lacroix made the case for European control over the AI stack.
- Anthropic’s Boris Cherny, creator of Claude Code, says there are days he manages tens of thousands of AI agents at once
by Sharon Goldman on June 8, 2026 at 8:56 pmAs Claude Code increasingly writes, tests, reviews, and proposes improvements to itself, Cherny says developers are becoming managers of vast fleets of AI agents.