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A $31 million Bitcoin donation to Silk Road founder Ross Ulbricht may have come from former ‘darknet’ marketplace AlphaBay

1 day ago | fortune.com | Catherine McGrath

Ross Ulbricht was pardoned by President Donald Trump in January after serving nearly 11 years in prison. Ronda Churchill/Bloomberg—Getty Images
Tesla loses $152 billion in market cap after Musk-Trump spat in the stock’s biggest-ever hit

1 day ago | fortune.com | Irina Ivanova

BY Irina IvanovaDeputy US News EditorJune 6, 2025 at 12:18 PM EDTElon Musk says goodbye at the Oval Office, May 30, 2025. Tom Brenner For The Washington Post via Getty ImagesThe tit-for-tat between Tesla CEO Elon Musk and President Donald Trump sent shares of the EV maker into free-fall Thursdayin an epic stock plunge that wiped out tens of billions from Musk’s wealth.
Wholesale marketplace Faire’s Lauren Cooks Levitan moves from president to board-her next step is launching a startup

1 day ago | fortune.com | Sheryl Estrada

“We built a really durable business that I’m extremely proud of,” she told me about her executive tenure at the online wholesale marketplace. She played a pivotal role in Faire’s evolution from a newcomer startup to a global platform, raising more than $1 billion from top investors. But she’ll continue to be a part of Faire’s story as a board member.
Infisical raises $16 million Series A led by Elad Gil to safeguard secrets

1 day ago | fortune.com | Alexandra Garfinkle

“If secrets aren’t there, then it’s just not possible for software to run,” said Matsiiako, CEO and cofounder of Infisical. “Databases can’t connect to each other. Developers can’t use any resources. AI agents can’t integrate with the whole ecosystem. Basically, secrets are the glue that connects everything. And if they’re not there, there’s no way for organizations to secure systems. They can’t really run things, it’s not really operational.
SpaceX’s valuation could be cut in half as Trump and Elon Musk feud, Tesla investor says

1 day ago | fortune.com | Beatrice Nolan

Elon Musk and Donald Trump's once-cozy relationship is deteriorating in a very public fashion. Andrew Harnik—Getty Images
How a sleepy Texas city turned into the energy export gateway of the U.S.

1 day ago | fortune.com | Jordan Blum

Less than a decade later, the sleepy Texas beachside city has expanded rapidly into America’s largest energy export gateway through a network of pipelines, storage tanks, docks and, this week, the completion of a prolonged ship channel dredging and widening project that should soon allow the single port to ship out almost as much crude oil as Iraq.
Hedge fund billionaire Ken Griffin doesn't get why Trump wants to reshore China's jobs

2 days ago | fortune.com | Irina Ivanova

Griffin tore into Trump’s tariffs during an appearance Thursday at the Forbes Iconoclast Summit in New York, describing tariffs as “protectionist policy” that “comes at a great price to the U.S. consumer.” The president’s shifting tariff policy has resulted, for now, in a 30% tariff on most imports from China and the end of ultra-cheap imports from the likes of fast-fashion label Shein and Temu. And that pain for the U.S. consumer isn’t helping the American worker, Griffin said.
Ireland added to list of countries monitored by the U.S. for currency manipulation

2 days ago | fortune.com | Ryan Hogg

As part of the U.S. Treasury’s semiannual report on the macroeconomic and foreign exchange policies of its largest trading partners, the body added Ireland and Switzerland to a nine-strong “Monitoring List” of countries whose macroeconomic policies or currency practices “merit close attention.”The other countries on the U.S.’s monitoring list are China, Japan, Singapore, Vietnam, Taiwan, South Korea, and Germany.
Elon Musk says Trump tariffs will trigger recession this year, Tesla shares tumble

2 days ago | fortune.com | Jeff Roberts

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Elon Musk says Trump 'is in the Epstein files. That is the real reason they have not been made public'

2 days ago | fortune.com | Dave Smith

Elon Musk looks on during a news conference with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025. Allison Robbert / AFP—Getty Images