Newsletters
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Warren Buffett’s favorite market indicator is flashing a warning
Good morning. A closely watched valuation gauge championed by Warren Buffett is signaling potential trouble in today’s market. In a new Fortune article, my colleague Shawn Tully discusses the metric—the Buffett Indicator. It is the ratio of total U.S. stock market capitalization to GDP. It has become one of the most closely watched valuation gauges…
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The AI layoff trap: How cutting headcount could backfire on corporate America
Good morning! Are layoffs really the answer to increased AI adoption? That question has been top of mind for most people leaders I’ve spoken to recently. “The thing that keeps me up at night is this notion of the immediacy, of you can just use AI, get efficiencies, and release talent,” one senior HR executive…
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Private markets have soared to $10 trillion in AUM. But why have they underperformed public markets?
I have a riddle for you. Or a contradiction, perhaps: The U.S. private markets are bigger than ever, and the source of trillions in company value creation. And, at the same time, for the last several years, the private markets as a whole have underperformed the public markets. I was thinking about this late last…
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Cisco’s John Chambers lived through the dot-com crash. He says the AI bubble is harder to navigate
In today’s CEO Daily: Diane Brady interviews John Chambers, who knows bubbles, about the AI boom. The big leadership story: Kalshi and the SCOTUS case that could determine the future of gambling. The markets: Down in Europe as tanker attacks threaten a fragile ceasefire. Plus: All the news and watercooler chat from Fortune. Good morning.…
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Meet the crypto guru to the Fortune 500
Good morning. Fortune 500 companies are already experimenting with blockchain but many CFOs are still hesitant to move real money on-chain. That topic came up in my conversation with Betsabe Botaitis, the new CFO of P2P.org, a company that helps large institutions earn returns from crypto assets. P2P provides the behind-the-scenes technology, such as like…
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The first wave of bank earnings shows why ‘resilience’ is Wall Street’s favorite word
In today’s CEO Daily: Diane Brady looks for trends in U.S. bank earnings The big leadership story: Experts call for a ban on generative AI programs targeting students The markets: Large down across Asia Plus: All the news and watercooler chat from Fortune. Good morning. Jamie Dimon of JPMorgan Chase says the economy is resilient…
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The startup Blackstone just backed to turn any exec’s data question into instant answers
Ethan Ding sees the last decade of SaaS as a historical glitch. “In 30 years, we’re going to look back and say ‘oh, remember that period of time where those crazy software companies were selling seats for 90 to 95% margins?’” he said. “We’ll look back on that the same way we look back on…
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Anti-AI sentiment is on the rise—and it’s starting to turn violent
Hello and welcome to Eye on AI. It’s Beatrice Nolan here, filling in today for AI reporter Sharon Goldman. In this edition…OpenAI debuts its own highly-capable cybersecurity model…Anthropic launches Claude Opus 4.7…a startup wants to use AI to evaluate journalism in a way that freedom of the press advocates fear will chill reporting that relies…
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Bank of America’s 18,000 financial advisors just got a new AI tool as the company posts a record quarter
Good morning. Bank of America posted its strongest earnings in nearly two decades, and CFO Alastair Borthwick says AI is becoming key to the bank’s performance. The bank reportedon Wednesday that Q1 2026 net income was $8.6 billion, with earnings per share up 25% to $1.11, which is the highest level in almost 20 years.…
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Exclusive: Top crypto VCs like Paradigm and a16z see portfolio values shrink amid market downturn and distributions to investors
The biggest names in crypto venture weren’t immune to the sudden collapse in the digital asset market in 2025. Top outfits like Paradigm and Pantera Capital saw their assets under management shrink amid the downturn, according to previously unreported filings I obtained from the Securities and Exchange Commission. Cryptocurrencies are volatile, sometimes rocketing up in…