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U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

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Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

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Current price of oil as of August 17, 2026

1

U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

2

Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

3

Current price of oil as of August 17, 2026

Big Tech

Big Tech

Reed Hastings

Reed Hastings says he learned why companies aren’t families after laying off one-third of Netflix: ‘You would never lay off two of your kids’

Elite companies can’t operate like families, according to Netflix’s Reed Hastings—a mindset that helped turn it into a $315 billion entertainment giant.

By Preston ForeAugust 18, 2026

Dropbox co-CEO Ashraf Alkarmi

Dropbox co-CEO has just shared the simple rule he follows for when to turn down a meeting

By Emma BurleighAugust 18, 2026

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

By Mia OsmonbekovAugust 18, 2026

Bald man gesturing while talking

Andreessen Horowitz focus of DOJ probe over board directors

By Josh Sisco, Natasha Mascarenhas and BloombergAugust 17, 2026

Meta heads to child safety trial facing financial damages as large as $1.4 trillion

By Barbara Ortutay and The Associated PressAugust 17, 2026

Photo of Dylan Taylor

Billionaire founder agrees with Elon Musk, Sam Altman, and Jeff Bezos: We will live and work in space—and could be commuting to the moon by 2030

By Orianna Rosa RoyleAugust 17, 2026

Latest stories from Fortune

Dave Sunday gestures while speaking to the audience in the Forum Auditorium across the street from the Capitol after taking the oath of office to become Pennsylvania's next attorney general.

2 Penn State frats were main suppliers in ‘upper level trafficking’ cocaine ring, authorities say

By The Associated Press and Josh KeletyAugust 18, 2026

Home Depot rides America’s housing affordability problem to sales increase on home DIY projects

Home Depot rides America’s housing affordability problem to sales increase on home DIY projects

By The Associated Press and Michelle ChapmanAugust 18, 2026

Data center gas plants to boost U.S. power emissions by 20%

Data center gas plants to boost U.S. power emissions by 20%

By Matt Day, Mark Chediak and BloombergAugust 18, 2026

Biden’s favor to Trump on cheaper drug prices includes a largely forgotten law to make Medicare more powerful

Biden’s favor to Trump on cheaper drug prices includes a largely forgotten law to make Medicare more powerful

By The Associated Press and Ali SwensonAugust 18, 2026

One guinea pig helped her son heal. Now she has to feed 400 every day, running America’s biggest Guinea Pig Sanctuary

By Kimberlee Kruesi and The Associated PressAugust 18, 2026

The gift of a garden: How Facebook’s Buy Nothing helped a teacher reinvent herself as an urban flower farmer for free

By Jessica Damiano and The Associated PressAugust 18, 2026

‘The negotiations are very intense and delicate’: Carney, Trump hold crunch talks to avoid midnight 50% tariff deadline

By Paul Wiseman, Rob Gillies and The Associated PressAugust 18, 2026

Meet OpenAI’s ChatGPT for Teens, which doesn’t talk about sex or suicide and gives you homework help instead

By Barbara Ortutay and The Associated PressAugust 18, 2026

More Big Tech

Stripe clinches over $7 billion deal to buy AI firm OpenRouter

Stripe clinches over $7 billion deal to buy AI firm OpenRouter

By Yazhou Sun, Natasha Mascarenhas, Paige Smith and BloombergAugust 16, 2026

Berkshire Hathaway buys more homebuilder stocks but slashes stakes in banks and dumps all its holdings in alcoholic beverage maker

Berkshire Hathaway buys more homebuilder stocks but slashes stakes in banks and dumps all its holdings in alcoholic beverage maker

By Alex Veiga and The Associated PressAugust 16, 2026

Fortune Archives: The end of an era at Google DeepMind

Fortune Archives: The end of an era at Google DeepMind

By Indrani SenAugust 16, 2026

There isn’t just one AI bubble, strategist says — there’s a ‘rolling sequence of bubbles’ instead

By Nick LichtenbergAugust 16, 2026

Jimmy Wales: ‘AI can generate answers. It still can’t earn trust’

By Ioanna ThomaAugust 16, 2026

Harvard fund discloses $2.2 billion stake in Musk’s SpaceX

Harvard fund discloses $2.2 billion stake in Musk’s SpaceX

By Janet Lorin and BloombergAugust 15, 2026

Alibaba AI models hit 3 billion downloads, passing Meta, Google

Alibaba AI models hit 3 billion downloads, passing Meta, Google

By Saritha Rai and BloombergAugust 15, 2026

Berkshire pads Delta, Alphabet stakes as Abel taps cash pile

Berkshire pads Delta, Alphabet stakes as Abel taps cash pile

By Alexandre Rajbhandari and BloombergAugust 15, 2026

Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares

Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares

By Lynn Doan and BloombergAugust 15, 2026

AI is creating a new wave of philanthropists. The system they’re walking into is broken

By Nick Allardice and David GoldbergAugust 15, 2026

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Ray-Ban Display AI glasses during the Meta Connect event.

People are going to extreme lengths to stop themselves from being filmed through Meta’s ‘pervert glasses’

By Joshua HongAugust 14, 2026

Tesla CEO Elon Musk

Elon Musk’s $158 billion Tesla pay was 2.5 million times his workers’ salary last year—it’s ‘unlike anything we have seen before,’ exec pay watch says

By Emma BurleighAugust 14, 2026

NBA Commissioner Adam Silver and Joshua Kushner attend day ten of the 2025 US Open Tennis Championships.

41-year-old Josh Kushner’s World Cup privatization scheme fell apart. Then he became the Lakers co-owner days later

By Greg Beacham and The Associated PressAugust 14, 2026

Photo of Alex Cooper

Arts & Entertainment

‘Call Her Daddy’ host Alex Cooper’s Unwell beverage business is shutting down

By Ashley Carman and BloombergAugust 14, 2026

Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’

Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’

By Kamal AhmedAugust 14, 2026

AI will make the biggest companies bigger and the smallest more powerful. Hotels show who gets squeezed

By Roman PedanAugust 14, 2026

Microsoft begins to merge consumer and enterprise Copilot apps in push for super app

Microsoft begins to merge consumer and enterprise Copilot apps in push for super app

By Sebastian HerreraAugust 13, 2026

DeepSeek increases prices for AI services by multiple times

By Bloomberg and Saritha RaiAugust 13, 2026

Anthropic said in talks to buy startup Decart for $6 billion

By Lynn Doan, Ryan Gould, Natasha Mascarenhas, Shirin Ghaffary and BloombergAugust 13, 2026

Donald Trump speaks into a microphone.

Nearly a dozen firms are already paying up to $100,000 per month for early access to Trump’s Truth Social posts

By Sasha RogelbergAugust 12, 2026

Nvidia CEO Jensen Huang

Nvidia found a new way to keep the AI boom funded: your retirement money

By Eva RoytburgAugust 12, 2026

Nicolai Tangen, chief executive officer of Norges Bank Investment Management.

Norway $2.3 trillion fund posts best quarter since 2020

By Bloomberg and Heidi Taksdal SkjesethAugust 12, 2026

Photo of Phoebe Gates

Phoebe Gates knew Phia shopping app took credit for sales it didn’t drive

By Bloomberg, Olivia Solon, Priyanjana Bengani and Jeff KaoAugust 12, 2026

Norway oil fund CEO says he’s more nervous after record returns

Norway oil fund CEO says he’s more nervous after record returns

By Heidi Taksdal Skjeseth and BloombergAugust 12, 2026

AI giants are quiet on climate in sign of post-ESG Wall Street

AI giants are quiet on climate in sign of post-ESG Wall Street

By Olivia Raimonde, Summer Maxwell and BloombergAugust 12, 2026

Google DeepMind’s chief AI exec started out detasseling corn in Indiana for around $1 an hour at 14: ‘I grew up in really humble beginnings’

Google DeepMind’s chief AI exec started out detasseling corn in Indiana for around $1 an hour at 14: ‘I grew up in really humble beginnings’

By Orianna Rosa RoyleAugust 12, 2026

Kalshi’s CEO is racing to build a futures market for AI’s most precious resource, which could be worth $100 trillion by 2030

Kalshi’s CEO is racing to build a futures market for AI’s most precious resource, which could be worth $100 trillion by 2030

By Jeff John RobertsAugust 12, 2026

Man in a suit gesturing

CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion

By Amanda GerutAugust 11, 2026

When OpenAI employees have a problem, they email this special address to see if Sam Altman will solve it immediately

When OpenAI employees have a problem, they email this special address to see if Sam Altman will solve it immediately

By Emily ForliniAugust 11, 2026

An empty conference room.

Workplace Culture

Almost all top U.S. companies had board diversity rules. Now most are gone

By Bloomberg, Jeff Green and Daniela SirtoriAugust 11, 2026

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Most Popular

U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

placeholder alt text

By Sasha RogelbergAugust 17, 2026

Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

placeholder alt text

By Emma BurleighAugust 17, 2026

A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

placeholder alt text

By Orianna Rosa RoyleAugust 18, 2026

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