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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

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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
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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
More in Asia
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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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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Environment
One of the world’s poorest countries spent $170 million on a cable car system that nobody uses, just before the president fled the country
By Alexander Joe and The Associated PressAugust 6, 2026
Iceberg lettuce link to parasitic illness spreads to 15 states, officials say
Health
Iceberg lettuce link to parasitic illness spreads to 15 states, officials say
By Mike Stobbe and The Associated PressAugust 6, 2026
Photo of people protesting data centers in Texas
AI
AI’s volatile power demand is damaging its own data centers
By Bloomberg and Naureen S. MalikAugust 6, 2026
Photo of Pete Hegseth at press conference
Economy
Pentagon war game exposed a critical U.S. aluminum risk months before Iran attacks
By Bloomberg and Yvonne Yue LiAugust 6, 2026
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Environment
A Slovak town just broke its own heat record — for the third time this year
By The Associated PressAugust 6, 2026
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Environment
Meet an 86-year-old logger-turned-protester fighting to protect British Columbia’s final old growth trees: ‘it’s practically naked’
By Annika Hammerschlag and The Associated PressAugust 6, 2026
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Politics
Elizabeth Warren demands answers on the National Guard deployment, and finds the cost: $1.4 billion
By Gary Fields, Lisa Mascaro and The Associated PressAugust 6, 2026
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Retail
Mamdani rejects his own aide’s comment that ID card may be needed for NYC-owned grocery: ‘no matter what you’ve just heard in the news’
By Melissa Goldin and The Associated PressAugust 6, 2026
In this photo illustration, the Lumen Technologies logo is seen displayed on a smartphone screen.
AI
Lumen reinvents itself as the fiber network behind AI and enterprise—from Anthropic to the Yankees
By Sheryl EstradaAugust 6, 2026
Weight-loss drug Wegovy made Novo Nordisk Europe’s most valuable company. Finding its next blockbuster drug is proving difficult 
Europe
Weight-loss drug Wegovy made Novo Nordisk Europe’s most valuable company. Finding its next blockbuster drug is proving difficult 
By Sam ForsdickAugust 6, 2026
chris
Commentary
Oracle exec: the wrong questions companies are asking about agentic AI
By Chris LeoneAugust 6, 2026
ConocoPhillips CEO Ryan Lance speaks while seated on stage at an energy conference in Houston.
Energy
ConocoPhillips CEO Ryan Lance steps down after 14 years and will be replaced by the CFO, a company lifer
By Jordan BlumAugust 6, 2026
Qatar’s Ooredoo, Nvidia, and Nokia unveil multi-billion-dollar AI compute platform—and Southeast Asia is their target
Middle East
Qatar’s Ooredoo, Nvidia, and Nokia unveil multi-billion-dollar AI compute platform—and Southeast Asia is their target
By Melissa HancockAugust 6, 2026
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C-Suite
Exclusive: Goldman CEO David Solomon on how his dad’s advice shaped his career—and why interns should steal it
By Nick LichtenbergAugust 6, 2026
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Commentary
I’m a data center CEO. Communities deserve better partners, not blanket bans
By Chris CrosbyAugust 6, 2026
Top CD rates from major banks Aug. 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 6, 2026
Current price of Ethereum for Aug. 6, 2026
Personal Finance
Current price of Ethereum for August 6, 2026
By Joseph HostetlerAugust 6, 2026
Current price of Bitcoin for Aug. 6, 2026
Personal Finance
Current price of Bitcoin for August 6, 2026
By Joseph HostetlerAugust 6, 2026
Current price of oil as of Aug. 6, 2026
Personal Finance
Current price of oil as of August 6, 2026
By Joseph HostetlerAugust 6, 2026
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon
Economy
Jamie Dimon waves off Wall Street ‘squealing like stuck pigs’ over Warsh’s Fed: ‘It makes tremendous sense’
By Eleanor PringleAugust 6, 2026
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Commentary
The show that just beat Hamilton at the box office was built by giving away control
By Stuart N. BrotmanAugust 6, 2026
Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees
Newsletters
Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees
By Jim EdwardsAugust 6, 2026
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
Newsletters
Northwood Space’s Bridgit Mendler on the next chapter for space startups
By Allie GarfinkleAugust 6, 2026
Zach Dell is the co-founder and CEO of Base Power.
Energy
Michael Dell’s son built a $13 billion home battery business—and he’s going on 30 years old
By Jordan BlumAugust 6, 2026
Today’s home equity loan and HELOC rates, Aug. 6, 2026
Personal Finance
Home equity loan and HELOC rates, August 6, 2026
By Joseph HostetlerAugust 6, 2026
Google DeepMind chief AI officer warns the odds of AI wiping out the human race are ‘not zero’—but she disagrees with Elon Musk’s predictions
Success
Google DeepMind chief AI officer warns the odds of AI wiping out the human race are ‘not zero’—but she disagrees with Elon Musk’s predictions
By Orianna Rosa RoyleAugust 6, 2026
California mints the most billionaires. A new index ranks it dead last on the freedom to give to charity
Personal Finance
California mints the most billionaires. A new index ranks it dead last on the freedom to give to charity
By Sydney LakeAugust 6, 2026
Fashion’s biggest brands spent years letting eBay and Depop resell their clothes. Now, they want the money
Retail
Fashion’s biggest brands spent years letting eBay and Depop resell their clothes. Now, they want the money
By Tatiana SatauaAugust 6, 2026
OpenAI wanted a feel-good influencer trip. It created a ‘comms disaster’ instead
AI
OpenAI wanted a feel-good influencer trip. It created a ‘comms disaster’ instead
By Tatiana SatauaAugust 6, 2026
nic
Commentary
The SEC should ban the products behind South Korea’s recent market meltdown 
By Nic PuckrinAugust 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
Personal Finance
With the national debt nearing $40 trillion, Bank of America has a warning for bond investorsplaceholder alt text
By Joshua HongAugust 18, 2026
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