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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

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Current price of oil as of August 18, 2026

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Current price of silver as of Tuesday, August 18, 2026

1

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

2

Current price of oil as of August 18, 2026

3

Current price of silver as of Tuesday, August 18, 2026
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Current price of oil as of Aug. 19, 2026
Current price of oil as of August 19, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerAugust 19, 2026
Current price of Bitcoin for Aug. 19, 2026
Current price of Bitcoin for August 19, 2026
By Joseph HostetlerAugust 19, 2026
Current price of Ethereum for Aug. 19, 2026
Current price of Ethereum for August 19, 2026
By Joseph HostetlerAugust 19, 2026
Top CD rates from major banks Aug. 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Top CD rates from major banks on August 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 19, 2026
Photo: President Trump.
The Iranians have Trump right where they want him and suggest he seek ‘a dignified exit’
By Jim EdwardsAugust 19, 2026
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
By Jason MaAugust 19, 2026
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The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes

The agency wants to raise the health giant’s taxable income for four straight years. Neither side will say how much is at stake.

By Tatiana SatauaAugust 19, 2026
The U.S. built its brand by attracting the world’s best and brightest. It must not lose that advantage

As any chief executive knows, the strongest brands are rarely destroyed by their competitors. This principle applies to nations as well.

By John A. QuelchAugust 18, 2026
2 Penn State frats were main suppliers in ‘upper level trafficking’ cocaine ring, authorities say

Over a dozen former and current Penn State University students face charges of felony corrupt organizations, conspiracy and other offenses.

By The Associated Press and Josh KeletyAugust 18, 2026
Biden’s favor to Trump on cheaper drug prices includes a largely forgotten law to make Medicare more powerful

Trump touts “most favored nation” deals and TrumpRx for the 3.1% annual price drop.

By The Associated Press and Ali SwensonAugust 18, 2026
More in News
North America
More in North America
Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips
Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips

Nevada capped Tesla’s fleet at a fraction of its request and kept it away from Harry Reid airport.

By Catherina GioinoAugust 19, 2026
Top economist on Trump’s ‘deadly cocktail’ for the bond market—and how the bond vigilantes have crossed Scott Bessent’s ‘red line’

“The bond vigilantes have come out of hibernation,” Johns Hopkins’ Steve Hanke told Fortune, and “the inflation genie is out of the bottle.”

By Nick LichtenbergAugust 19, 2026
Nelson Peltz might take Wendy’s private following six straight quarterly sales declines as customers flee its poor franchise models and bad marketing

Peltz spent two decades helping shape Wendy’s into the burger conglomerate it is today. Now he’s considering buying the rest of the struggling chain.

By Tatiana SatauaAugust 19, 2026
Inside the $8 billion cybersecurity acquisition that rescued ServiceNow from the ‘Saaspocalypse’

The deal for Yevgeny Dibrov’s Armis was Israel’s second-largest tech startup exit ever.

By Lily Mae LazarusAugust 19, 2026
More in North America
Asia
More in Asia
Xi Jinping, standing next to Donald Trump, points to his left.
Strait of Hormuz chaos has incentivized China to use an alternative trade route: a 3,400 mile frozen Arctic channel dubbed the ‘Ice Silk Road’

Chinese shipping company Sea Legend Line just announced a shipping route through the Arctic, which takes half the time as established shipping routes.

By Sasha RogelbergAugust 19, 2026
Alibaba’s $2 billion gaming exit signals where Beijing wants its money

The e-commerce giant sells its gaming studio and pours $53 billion into AI as the US-China tech rivalry heats up

By Mia OsmonbekovAugust 18, 2026
AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems

Last year, Japan began a push to reboot its innovation engine with a plan to channel $2.3 trillion in investments to 17 strategic sectors by 2040.

By Angelica AngAugust 18, 2026
China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report

The White House claimed last week that the rerouting of Chinese goods cost the U.S. as much as $303 billion.

By Angelica AngAugust 17, 2026
More in Asia
Global
More in Global
How the UAE has emerged as a ‘leading light’ for tokenization  
How the UAE has emerged as a ‘leading light’ for tokenization  

Coinbase’s decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate’s bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.

By Melissa HancockAugust 19, 2026
USC just shattered its fundraising record by nearly $100 million—thanks partly to the billionaire family behind the Houston Texans

The Robert and Janice McNair Foundation donated $25 million to the University of South Carolina in 2026.

By Sydney LakeAugust 19, 2026
Today’s home equity loan and HELOC rates, August 19, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerAugust 19, 2026
Princeton’s ‘AI Snake Oil’ author says the real fear isn’t thinking machines—it’s that AI exposes who already knows how to think

Princeton’s Arvind Narayanan says his students are “in a bind.” How much should they use AI versus resist it to build up their own skills?

By Nick LichtenbergAugust 19, 2026
More in Global
Latest stories from Fortune
Current price of silver as of Wednesday, Aug. 19, 2026
Personal Finance
Current price of silver as of Wednesday, August 19, 2026
By Joseph HostetlerAugust 19, 2026
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
Personal Finance
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
By Glen Luke FlanaganAugust 19, 2026
Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026
Personal Finance
Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Coinbase establishes Abu Dhabi tokenization hub  
Newsletters
Coinbase establishes Abu Dhabi tokenization hub  
By Melissa HancockAugust 19, 2026
Photo of Sam Altman
Newsletters
OpenAI hits pause on training in Hugging Face aftermath
By Lily Mae LazarusAugust 19, 2026
A working businessman at a desk
Newsletters
For CEOs, retirement is the ultimate performance review—and 60% are failing it
By Phil WahbaAugust 19, 2026
Mortgage rates today, Aug. 19, 2026
Personal Finance
Mortgage rates today, Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Current refi mortgage rates report for Aug. 19, 2026
Personal Finance
Current refi mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
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AI
Mark Zuckerberg writes 6,500-word essay calling concentration the biggest AI risk, days after his model hacked another company
By Kelvin Chan, Barbara Ortutay and The Associated PressAugust 11, 2026
r
Health
FDA’s new additive list isn’t a ban — and won’t be checked
By Matthew Perrone and The Associated PressAugust 11, 2026
Arianna Huffington says even high-flying CEOs are unhappy and feel stuck in their multimillion-dollar jobs: ‘It’s a trap’
Success
Arianna Huffington says even high-flying CEOs are unhappy and feel stuck in their multimillion-dollar jobs: ‘It’s a trap’
By Orianna Rosa RoyleAugust 11, 2026
Today’s home equity loan and HELOC rates, Aug. 11, 2026
Personal Finance
Home equity loan and HELOC rates, August 11, 2026
By Joseph HostetlerAugust 11, 2026
boomer
Commentary
CareScout CEO: the hidden economic cost of an aging baby Boomer generation
By Samir ShahAugust 11, 2026
A man holds a large white bag of feed with a herd of cows standing behind him.
Economy
Record beef prices are minting fortunes for ranchers—but straining the American farmers who fatten their cattle
By Sasha RogelbergAugust 11, 2026
Aerial shot of data centers in North Dakota
Investing
AI’s biggest build-out is here. These stocks offer a way to invest in the data center boom
By Camila Grigera NaónAugust 11, 2026
Wheels of Parmigiano Reggiano cheese on shelves
Environment
Italy’s $4.7 billion cheese economy is feeling the heat as climate change threatens its cheese banks that hold Parmigiano wheels as loan collateral
By Catherina GioinoAugust 10, 2026
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party in Austin, Texas.
Innovation
Everything’s bigger in Texas: Musk’s planned $16.8 billion chip factory is five times bigger than the world’s current largest building
By Joshua HongAugust 10, 2026
Graph showing a happiness crash
Economy
Americans are as unhappy as ever. Could ‘a happiness-segregated society by marriage’ be why?
By Catherina GioinoAugust 10, 2026
Trump’s $200 billion tariff hit swells budget deficit to $2.1 trillion for 2026, CBO confirms
Economy
Trump’s $200 billion tariff hit swells budget deficit to $2.1 trillion for 2026, CBO confirms
By Nick LichtenbergAugust 10, 2026
A person looking through a metal grid on a window
Economy
‘A prisoner can oppose incarceration while remaining confined’: The paradox of Gen Z, capitalism, and consumption
By Nick LichtenbergAugust 10, 2026
Apple may scrap its all-glass iPhone. Wall Street hasn’t been this alarmed since Steve Jobs’ death
Big Tech
Apple may scrap its all-glass iPhone. Wall Street hasn’t been this alarmed since Steve Jobs’ death
By Sebastian HerreraAugust 10, 2026
Photo of Mark Zuckerberg and Meta AI logos
AI
Zuckerberg’s vision for an AI assistant is far more intimate than ChatGPT: It watches him sleep, train and bake with his 8-year-old daughter
By Mia OsmonbekovAugust 10, 2026
What is gap insurance, and when is it worth buying?
Personal Finance
What is gap insurance, and when is it worth buying?
By Joseph HostetlerAugust 10, 2026
Meta launches new open-weight AI models, as Mark Zuckerberg knocks U.S. ‘restrictions’ that benefit ‘foreign labs’
AI
Meta launches new open-weight AI models, as Mark Zuckerberg knocks U.S. ‘restrictions’ that benefit ‘foreign labs’
By Beatrice NolanAugust 10, 2026
Barnes & Noble CEO James Daunt was a Carnival Cruise ship officer before building his bookstore empire
Retail
Barnes & Noble CEO James Daunt was a Carnival Cruise ship officer before building his bookstore empire
By Sarah GlodekAugust 10, 2026
Cash-Out refinance vs. HELOC: How to choose the best option for your goals
Personal Finance
Cash-Out refinance vs. HELOC: How to choose the best option for your goals
By Joseph HostetlerAugust 10, 2026
Older man relaxing in an inflatable ring
Economy
The stock market may be doing so well that it’s causing more baby boomers and Gen Xers to drop out of the labor force
By Jason MaAugust 10, 2026
Michael Saylor speaks through a microphone as he gives a presentation.
Crypto
Strategy dumps yet more Bitcoin, latest $109 million sell-off comes amid a seven-week buying hiatus
By Camila Grigera NaónAugust 10, 2026
Photo of boxes of produce from Taylor Farms
Retail
Taylor Fresh Foods recalls jalapeños after supplier discloses potential salmonella contamination
By The Associated Press and Michelle ChapmanAugust 10, 2026
MacKenzie Scott has given away $26 billion and rarely speaks publicly. Now she’s releasing a novel—but you won’t find it on Amazon
Success
MacKenzie Scott has given away $26 billion and rarely speaks publicly. Now she’s releasing a novel—but you won’t find it on Amazon
By Sydney LakeAugust 10, 2026
A firefighter walks near burning areas as crews battle with wildfire named as 'Mines Fire' in Santa Clara County.
Environment
Global wildfire surge hits U.S., propelled by rising temperatures
By Bloomberg, Brian K. Sullivan, Leslie Kaufman and Todd WoodyAugust 10, 2026
Photo of Mark Zuckerberg
Success
Mark Zuckerberg says the future will have an ‘abundance of jobs’—and predicts a wave of new careers like world builders and personal biologists
By Preston ForeAugust 10, 2026
Exclusive: Corma raises $60 million from Sequoia for AI trained to defend against cyberattacks
AI
Exclusive: Corma raises $60 million from Sequoia for AI trained to defend against cyberattacks
By Emily ForliniAugust 10, 2026
c
Innovation
A fossil lost for 20 years just rewrote the map of dinosaur ancestry
By The ConversationAugust 10, 2026
Trump amps up pressure on billionaire Sargeant to exit Venezuela
Energy
Trump amps up pressure on billionaire Sargeant to exit Venezuela
By Patricia Garip and BloombergAugust 10, 2026
c
Politics
Spain’s $6 billion immigration deal with Morocco didn’t stop 70,000 people from crossing in 48 hours
By Kelsey Norman, Nicholas R. Micinski and The ConversationAugust 10, 2026
Photo of a solar farm in China
Energy
The world crossed a major solar milestone. No one noticed
By Akshat Rathi and BloombergAugust 10, 2026
l
Law
From Luigi Mangione to Eric Schmidt: how Gen Z’s dark and nonsensical humor shows a ‘suspension of seriousness’
By Evan Clarkson and The ConversationAugust 10, 2026
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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 deadplaceholder alt text
By Orianna Rosa RoyleAugust 18, 2026
Personal Finance
Current price of oil as of August 18, 2026placeholder alt text
By Joseph HostetlerAugust 18, 2026
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By Joseph HostetlerAugust 18, 2026
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