The Brutalist Report

Fortune

• Seven ways college students can manage their finances — because money decisions impact financial security when starting a first job after graduation [11d]
• Harvard fund discloses $2.2 billion stake in Musk’s SpaceX [11d]
• Alibaba AI models hit 3 billion downloads, passing Meta, Google [11d]
• Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble [11d]
• Trump administration tells Supreme Court that ballroom construction must go on despite order to stop, citing recent missile threat on Air Force One [11d]
• ‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’ [11d]
• Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says [11d]
• Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it [11d]
• What Bessent’s economic isolation of Iran could look like [11d]
• Iran, Oman home in on Hormuz Strait deal as ship attacks mount [11d]
• Berkshire pads Delta, Alphabet stakes as Abel taps cash pile [11d]
• Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares [11d]
• Jane Street lost $15 billion in its first down month in a decade [11d]
• Anthropic revenue surges to over $11.5 billion in second quarter [11d]
• Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims [11d]
• Trump embraces a political strategy of being in charge of everything but responsible for nothing when things go badly [11d]
• Trump pulls last aircraft carrier in Asia to send to Mideast, and China ‘is quite happy with U.S. distraction’ as Beijing shows signs of aggression [11d]
• $38 billion Twilio CEO wakes at 4:30 a.m., works Sundays, and runs laps around his house between meetings to blow off steam [11d]
• Starbucks CEO says the coffee chain won’t lose its cash-strapped consumers because it’s on its way to being a ‘world-class customer service’ company [11d]
• ‘I have a chip on my shoulder.’ Phoebe Gates wants her $185 million AI startup Phia to succeed with ‘no ties to my privilege or my last name’ [11d]
• AI is creating a new wave of philanthropists. The system they’re walking into is broken [11d]
• The ‘manosphere’ is actually a multibillion-dollar industry that sells courses and supplements to insecure Gen Z men, report finds [11d]
• Before employers shift more healthcare costs to workers, they should ask hospitals a question [11d]
• Nobel laureate Daron Acemoglu says AI and liberal democracy share the same crisis: ‘there is a tendency to escalate everything’ [11d]
• ‘The great quantum migration’ is coming as more than $2 trillion in digital assets is at risk—nearly the entire value of the overall crypto market [11d]
• AI isn’t changing how companies work. It’s changing what a company is [11d]
• McKinsey senior partners: America’s growth strategy demands a health reset [11d]
• Some gamblers are buying losing lottery tickets on eBay as a way offset taxes on their gambling wins [11d]
• ‘You’re always right with wine’: Meet the woman behind 1 in every 4 bottles of Oregon wine sold in America. [11d]