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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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With the national debt nearing $40 trillion, Bank of America has a warning for bond investors

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

With the national debt nearing $40 trillion, Bank of America has a warning for bond investors
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Global
UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran
UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran

Tehran denies launching the missiles that triggered Tuesday’s alert, as Iran’s economy already reels from sanctions and a blockade of its ports

By David Rising and The Associated PressAugust 19, 2026
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities
By Josh Funk and The Associated PressAugust 19, 2026
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From Pennsylvania to Ohio to Texas, the governors’ races are all coming down to data centers
By Marc Levy and The Associated PressAugust 19, 2026
Jeff Dean
Ex-Google chief scientist tells Gen Z the trick is not to master AI—instead, just ‘skim papers’
By Preston ForeAugust 19, 2026
Multimillionaire podcaster Mel Robbins
Multimillionnaire podcaster Mel Robbins says she learned the secret to spotting the most influential person in the room when she was a waitress
By Emma BurleighAugust 19, 2026
Edward P. Lazear, left, congratulates Randall S. Kroszner, center and Kevin M. Warsh, right, at the conclusion of their confirmation hearing held by the Senate Banking, Housing and Urban Affairs Committee in Washington, DC, February 14, 2006.
Bond traders are testing Kevin Warsh: The Fed chair will heed—but not be ruled by—them, says an economist who spent years sitting next to him
By Eleanor PringleAugust 19, 2026
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Afghanistan’s grape harvest is turning into raisins — literally — as exports collapse
Afghanistan’s grape harvest is turning into raisins — literally — as exports collapse

Border closures with Pakistan have crushed Afghanistan’s fruit exports, forcing farmers to dry their grapes into lower-priced raisins

By ABDUL QAHAR AFGHAN and The Associated PressAugust 19, 2026
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
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North America
More in North America
A Home Depot store in Atlanta, Georgia.
Home Depot’s $730 million tariff refund was largely offset by rising costs

Home Depot, Amazon, and Walmart are taking very different approaches to the tariff refunds flowing back to retailers.

By Sheryl EstradaAugust 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
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
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Asia
More in Asia
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors

The Hangzhou-based startup, founded in 2016, has quickly become something akin to a national champion in China’s robotics sector.

By Nicholas GordonAugust 19, 2026
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
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Global
More in Global
OpenAI CEO Sam Altman with Replit CEO Amjad Masad
Exclusive: Replit taps OpenAI’s low-cost Luna model for new ‘Free Mode’

An 80% reduction in the cost of tokens for OpenAI’s Luna allowed Replit to roll out the new service, which despite its ‘free’ name, still requires a monthly subscription.

By Emily ForliniAugust 19, 2026
Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation

The Rivian spinoff just raised $150 million to build autonomous vehicles for moving people and packages—not just pedalers.

By Lily Mae LazarusAugust 19, 2026
Even potato-chip tasters are temporary in the economy of 2026 — there’s nearly 57 million of these ‘disposable workers’

MIT labor economist Paul Osterman tracks them in his new book, “Disposable Workers: The Transformation of Employment.”

By Paul Osterman and The ConversationAugust 19, 2026
Current price of Bitcoin for August 19, 2026

Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market.

By Joseph HostetlerAugust 19, 2026
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Latest stories from Fortune
Hayden Panettiere helped change how women talk about mental health. After her death, consumers aren’t ready to forgive the brand that failed her
Newsletters
Hayden Panettiere helped change how women talk about mental health. After her death, consumers aren’t ready to forgive the brand that failed her
By Emma HinchliffeAugust 19, 2026
Current price of gold as of August 19, 2026
Personal Finance
Current price of gold as of August 19, 2026
By Danny BakstAugust 19, 2026
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
Current price of Ethereum for Aug. 19, 2026
Personal Finance
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
Personal Finance
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.
Newsletters
Iran has Trump right where it wants him and suggests 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
Newsletters
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
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
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Current price of oil as of Aug. 7, 2026
Personal Finance
Current price of oil as of August 7, 2026
By Joseph HostetlerAugust 7, 2026
Today’s home equity loan and HELOC rates, Aug. 7, 2026
Personal Finance
Home equity loan and HELOC rates, August 7, 2026
By Joseph HostetlerAugust 7, 2026
schlomo
Commentary
The godfather of Israeli cybersecurity: The Hugging Face incident exposes the wrong AI security debate
By Shlomo KramerAugust 7, 2026
For every 10 jobs, there are 2,539 applicants. A top hiring platform’s CEO has a solution to the job hunt hell: ‘Don’t just apply to OpenAI’
Success
For every 10 jobs, there are 2,539 applicants. A top hiring platform’s CEO has a solution to the job hunt hell: ‘Don’t just apply to OpenAI’
By Orianna Rosa RoyleAugust 7, 2026
Asia needs deeper energy markets if it’s going to achieve its AI ambitions
Commentary
Asia needs deeper energy markets if it’s going to achieve its AI ambitions
By Guy WolfAugust 6, 2026
93% of jalapeno salmonella problems came from Mexican restaurants including Chipotle and Qdoba, officials say
North America
93% of jalapeno salmonella problems came from Mexican restaurants including Chipotle and Qdoba, officials say
By Mike Stobbe and The Associated PressAugust 6, 2026
Donald Trump walking.
Newsletters
Washington is keeping its AI rulebook private. Smaller AI labs aren’t happy.
By Beatrice NolanAugust 6, 2026
Wall Street sign inscription as seen on the road and buildings of Wall St with the entrance of New York Stock Exchange in the background.
North America
Major hedge funds targeted in wave of attempted cyberattacks
By Bloomberg, Hema Parmar, Katherine Burton and Sridhar NatarajanAugust 6, 2026
We’re ‘me-maxxing’ so much, we’re saying 30% fewer words a day than we did 20 years ago
Success
We’re ‘me-maxxing’ so much, we’re saying 30% fewer words a day than we did 20 years ago
By Catherina GioinoAugust 6, 2026
Photo of Meta AI logo
AI
Meta becomes third major AI lab after Anthropic and OpenAI to admit its agents have gone rogue—one day after Muse Code launch
By Mia OsmonbekovAugust 6, 2026
Image of Nasdaq and executives
Innovation
‘Pure insanity’—Elon Musk details SpaceX’s plan to turn the moon into its newest manufacturing site
By Amanda GerutAugust 6, 2026
U.S. puts $25 million bounty on new leader of Mexico’s most powerful cartel
North America
U.S. puts $25 million bounty on new leader of Mexico’s most powerful cartel
By Megan Janetsky and The Associated PressAugust 6, 2026
Should your business upgrade to QuickBooks Online from basic spreadsheets?
Personal Finance
Should your business upgrade to QuickBooks Online from basic spreadsheets?
By Joseph HostetlerAugust 6, 2026
Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%
Investing
Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%
By Angelica AngAugust 6, 2026
3 Best Red Light Therapy Products for Hair Growth of 2026: Team Tested and Approved
Health
3 Best Red Light Therapy Products for Hair Growth of 2026: Team Tested and Approved
By Christina SnyderAugust 6, 2026
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Environment
Climate change is making Cape Cod a Tiger Shark habitat
By Patrick Whittle and The Associated PressAugust 6, 2026
italy
Environment
Every major Italian city is on heat alert as the drought hits Hungary’s nuclear power
By Giada Zampano, Kirsten Grieshaber, Justin Spike and The Associated PressAugust 6, 2026
Michael Saylor,
Success
Crypto billionaire Michael Saylor says he made $15 billion last year with ChatGPT—and has one rule: ‘Don’t try to outwork the robots’
By Preston ForeAugust 6, 2026
RWE’s $1.22B exit marks the latest in Trump’s billion-dollar offshore wind buyouts—now topping $3B to redirect developers to fossil fuels
Energy
RWE’s $1.22B exit marks the latest in Trump’s billion-dollar offshore wind buyouts—now topping $3B to redirect developers to fossil fuels
By Jordan BlumAugust 6, 2026
Are you committing tax fraud? New York Gov. Kathy Hochul’s about to find out, all thanks to the pied-à-terre tax rollout
Real Estate
Are you committing tax fraud? New York Gov. Kathy Hochul’s about to find out, all thanks to the pied-à-terre tax rollout
By Catherina GioinoAugust 6, 2026
Boss sits with worker to discuss raise at office
Success
Over a third of employers handed out ‘peanut butter raises’ this year—now, a quarter of bosses admit they’re losing top talent because of bad pay
By Emma BurleighAugust 6, 2026
heat
Environment
Climate-change life means 74-year-old retirees wake up hours earlier to beat the heat: ‘As soon as you walk outside, you’re already sweating’
By Alexa St. John, Linley Sanders and The Associated PressAugust 6, 2026
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Startups & Venture
SoftBank profits drop 18%, stock falls 4% in Tokyo
By Yuri Kageyama and The Associated PressAugust 6, 2026
FIFA apologizes for failed Infantino bid to sell the World Cup to Trump’s in-laws, but throws ‘full support’ behind his continued presidency
C-Suite
FIFA apologizes for failed Infantino bid to sell the World Cup to Trump’s in-laws, but throws ‘full support’ behind his continued presidency
By James Robson and The Associated PressAugust 6, 2026
n
Arts & Entertainment
Nintendo profit surges over 50% on movie, console sales even as sales fall
By Yuri Kageyama and The Associated PressAugust 6, 2026
Computer science enrollment is plunging, but AI is taking over the rest of the college campus as it reshapes how students learn and work
AI
Computer science enrollment is plunging, but AI is taking over the rest of the college campus as it reshapes how students learn and work
By Marco Quiroz-GutierrezAugust 6, 2026
w
Politics
After Michigan, the Democratic Party’s Civil War moves next door to Wisconsin
By Scott Bauer and The Associated PressAugust 6, 2026
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Politics
Senate panel to vote on Fauci contempt claim, whether to refer to DOJ for prosecution
By Eric Tucker and The Associated PressAugust 6, 2026
Bernie Sanders hails Michigan result as ‘most extraordinary victory that I can think of in modern American politics’
Politics
Bernie Sanders hails Michigan result as ‘most extraordinary victory that I can think of in modern American politics’
By Joey Cappelletti and The Associated PressAugust 6, 2026
a
North America
America’s appetite for avocados threatened as $5 million capture of ‘El Poncho’ threatens $3.65 billion market
By María Verza and The Associated PressAugust 6, 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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With the national debt nearing $40 trillion, Bank of America has a warning for bond investorsplaceholder alt text
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