Business
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Why CFOs should pay attention to Open USD—the new stablecoin backed by more than 140 companies
Good morning. For CFOs across banks, payments companies, and nonbank lenders, Open Standard’s launch of Open USD, a new stablecoin for global money movement, deserves more than a cursory glance at yet another stablecoin brand. With more than 140 financial institutions, payment networks, and technology partners—including Visa, Mastercard, American Express, Stripe, BlackRock, Citizens Bank, and…
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The true cost of Donald Trump’s $2.2 billion year
In today’s CEO Daily: A close look at Trump’s very lucrative year. The big leadership story: Cisco is rolling out AI agents to every single employee. The markets: Mixed globally ahead of the U.S. jobs report today. Plus: All the news and watercooler chat from Fortune. Good morning. I sat in Donald Trump’s office years…
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How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
Alice Guéhennec’s technology career got off to an early start. As a child raised in France, she was just six when she received her first Commodore desktop computer. But it wasn’t until Guéhennec studied IT and computer science at a research university in northern France that her interest in technology kicked into high gear. After…
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Cisco is rolling out AI agents to every single one of its 90,000 employees
Good morning. Mark Patterson has spent 26 years at Cisco Systems, which is long enough to watch the company navigate multiple technology cycles. But he says nothing compares to what’s happening now. “AI is the most significant technology transition that we’ve seen in probably our lifetime, and I think Cisco was right at the heart…
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The Supreme Court’s birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
In today’s CEO Daily: Immigrants’ contributions to the economy make the SCOTUS ruling a boon for business. The big leadership story: Nike CEO Elliott Hill’s turnaround gains traction. The markets: Mostly down after major U.S. averages closed out a robust first half of the year. Plus: All the news and watercooler chat from Fortune. Good…
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Comcast’s split brings former CFO Michael Angelakis back as CEO
Good morning. Comcast Corporation announced on Monday that it plans to separate its media and technology businesses into two independent, publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Comcast’s former CFO is returning to take a top seat. Mike Cavanagh, co-CEO of Comcast (No. 37 on the Fortune 500), will become CEO…
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Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla
In today’s CEO Daily: Diane Brady interviews Rivian CEO RJ Scaringe. The big leadership story: Ford rehired 350 veteran engineers after AI fell short. The markets: Mostly up after a U.S. rally on Monday. Plus: All the news and watercooler chat from Fortune. Good morning. While sitting in the Rivian R2 electric SUV at the…
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How smart employers are turning the World Cup into a workplace win
Good morning! Success reporter Emma Burleigh here, filling in for Kristin while she’s on vacation. The World Cup is already halfway through its mid-July run, with international teams entering the knock-out phase—and nothing could quell the fan fervor taking over North American cities. Office workers are secretly tuning in from their phones, keeping a close…
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AI spending boom accelerates as Big Tech pours trillions into infrastructure
Good morning. AI-driven capital spending is scaling rapidly, and the economics remain attractive and increasingly profitable—for now, according to JPMorgan Global Research’s midyear outlook. Analysts see a broadening AI capex cycle underpinning growth expectations, led by “AI upstream” investments in data centers, chips, and supporting infrastructure. Much of this activity remains concentrated in the U.S.,…
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As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
Companies say they want collaboration. Then comes CEO succession, when the rules seem to change. JPMorgan Chase last week elevated Doug Petno and Troy Rohrbaugh to co-presidents, setting up a direct contest to succeed CEO Jamie Dimon. In doing so, the bank embraced a strategy that many of the world’s biggest companies still rely on…