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

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Current price of oil as of 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

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

3

Current price of oil as of August 18, 2026
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Fortune 500 companies got billions in tariff refunds. Here’s who’s giving customers a cut—and who isn’t

Giants like Amazon, Target and Nike are profiting most from the Supreme Court’s tariff ruling without committing to passing savings on to shoppers

By Mia OsmonbekovAugust 19, 2026
American Airlines is finally bringing back seatback screens after nearly 10 years in a premium push to win back customers
American Airlines is finally bringing back seatback screens after nearly 10 years in a premium push to win back customers
By Sarah GlodekAugust 19, 2026
KFC
How KFC and Taco Bell’s top technologist is embracing AI and automation across 63,000 restaurants
By John KellAugust 19, 2026
Moderna’s and Merck’s personalized mRNA vaccine shows real promise against deadly skin cancer melanoma in late stage trial and sends stocks soaring
Moderna’s and Merck’s personalized mRNA vaccine shows real promise against deadly skin cancer melanoma in late stage trial and sends stocks soaring
By Catherina GioinoAugust 19, 2026
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A Democratic Socialist just defeated a central figure in Trump’s first impeachment trial in a Florida primary
By Matt Brown and The Associated PressAugust 19, 2026
Dr. Erica Schwartz testifies during a Senate Health Education Labor and Pensions committee confirmation hearing to be the director of the Centers for Disease Control and Prevention on Capitol Hill.
‘Often flying blind’: Up to $246 million of taxpayer-funded CDC programs are largely unstaffed
By The Associated Press and Mike StobbeAugust 19, 2026
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How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen
How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen

Rebel has filed for Chapter 11 bankruptcy, but will continue to sell in grocery stores amid a court-ordered rebrand.

By Sarah GlodekAugust 19, 2026
From Pennsylvania to Ohio to Texas, the governors’ races are all coming down to data centers

Stacy Garrity accused Josh Shapiro of having “lit the fuse on the chaos we are seeing in community after community.”

By Marc Levy and The Associated PressAugust 19, 2026
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
More in News
North America
More in North America
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
Multimillionnaire podcaster Mel Robbins says she learned the secret to spotting the most influential person in the room when she was a waitress

“The Mel Robbins Podcast” host says the most powerful person in the room is “never who you think it is.”

By Emma BurleighAugust 19, 2026
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
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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
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
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
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Global
More in Global
Cosigning a loan: The risks oftentimes overlooked
Cosigning a loan: The risks oftentimes overlooked

Cosigning a loan can be a great tool when used wisely, but it also comes with risks that you may not have considered.

By Joseph HostetlerAugust 19, 2026
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities

“It’s still an experiment. It’s still in test and learn mode,” said Sucharita Kodali, who is a retail analyst with Forrester.

By Josh Funk and The Associated PressAugust 19, 2026
Ex-Google chief scientist tells Gen Z the trick is not to master AI—instead, just ‘skim papers’

Jeff Dean, who just left Google after 27 years, says future success belongs to Gen Z students who read broadly and focus on problems with a five-year horizon.

By Preston ForeAugust 19, 2026
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

“He wants the Fed to think in terms of the bigger picture … and people are finding that frustrating, but I think he’s been very, very clear.”

By Eleanor PringleAugust 19, 2026
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Microsoft CEO Satya Nadella smiling on stage
Leadership
Microsoft CEO Satya Nadella says he doesn’t see empathy as a soft skill: ‘It’s the hardest skill we learn’
By Orianna Rosa RoyleAugust 19, 2026
Larry Page and Sergey Brin smile in front of old Google servers.
Leadership
Google’s founders didn’t market test Alphabet’s name before launching the now $1.9 trillion juggernaut. Here’s the advice Steve Jobs gave Larry Page
By Sasha RogelbergAugust 19, 2026
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
OpenAI CEO Sam Altman with Replit CEO Amjad Masad
AI
Exclusive: Replit taps OpenAI’s low-cost Luna model for new ‘Free Mode’
By Emily ForliniAugust 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
a woman rides an ALSO autonomous bike
Startups & Venture
Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation
By Lily Mae LazarusAugust 19, 2026
chips
Future of Work
Even potato-chip tasters are temporary in the economy of 2026 — there’s nearly 57 million of these ‘disposable workers’
By Paul Osterman and The ConversationAugust 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
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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
s
Commentary
SpaceX created a new class of ultrawealthy. Here’s what comes next
By Anastasia AtamanchukAugust 5, 2026
r
Innovation
Why a friendlier robot loses your trust faster when It messes up
By Hasan Ayaz, Ewart J. de Visser, Frank Krueger, Yigit Topoglu and The ConversationAugust 5, 2026
elon
Innovation
Is Elon Musk’s master plan with SpaceX to have rockets replace planes for global cargo delivery?
By Euihyeon Choi, Koki Ho and The ConversationAugust 5, 2026
mn
Cybersecurity
Iranian hackers and America’s Achilles heel on water: default passwords
By William Akoto and The ConversationAugust 5, 2026
cavender
Success
5 years after NIL began, college coaches still out-earn the athletes they coach
By Brennan Berg and The ConversationAugust 5, 2026
erica
Politics
Third time’s a charm for CDC director as Senate finally confirms Erica Schwartz as new agency head
By Mike Stobbe and The Associated PressAugust 5, 2026
After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all
C-Suite
After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all
By Joshua HongAugust 5, 2026
epstein
Law
New Mexico AG accuses Todd Blanche of sitting on the names of more Epstein victims
By Savannah Peters and The Associated PressAugust 5, 2026
a
Politics
After losing to Whitmer by 21 points, El-Sayed triumphs in Michigan and shocks Democratic Party
By Joey Cappelletti, Jacqueline Ganun and The Associated PressAugust 5, 2026
A worker reacts near a line of humanoid robots displayed at the World AI Conference in Shanghai.
Asia
‘No choice but to take necessary countermeasures’: China imposes sanctions on Washington in retaliation to U.S. trade restrictions
By The Associated Press, Huizhong Wu and Kanis LeungAugust 5, 2026
m
Innovation
‘Things are going to get a lot busier near the moon’: Elon Musk rocket crashes as predicted
By Marcia Dunn and The Associated PressAugust 5, 2026
Specialist Dilip Patel works on the floor of the New York Stock Exchange.
Investing
Wall Street stays steady at record highs as ‘coiled spring’ releases in August, with talks of deal to reopen Strait of Hormuz
By The Associated Press and Damian J. TroiseAugust 5, 2026
A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’
Innovation
A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’
By Eva RoytburgAugust 5, 2026
In its first deal since going public, Italian unicorn Bending Spoons buys Airtable at a $9 billion discount
Startups & Venture
In its first deal since going public, Italian unicorn Bending Spoons buys Airtable at a $9 billion discount
By Catherina GioinoAugust 5, 2026
Reinvent or go extinct: Inside the CEO playbook for the AI era
Magazine
Reinvent or go extinct: Inside the CEO playbook for the AI era
By Alyson ShontellAugust 5, 2026
The facade of the Department of Justice building in Washington, D.C., behind a U.S. flag.
Crypto
Feds accuse crypto founder of stealing $10 million from NFT investors, spending it on Miami condo and DJ hobby
By Camila Grigera NaónAugust 5, 2026
Demis Hassabis sitting in a chair.
AI
Demis Hassabis steps down from Google DeepMind CEO role amid a major AI leadership shake-up
By Beatrice NolanAugust 5, 2026
CeBIT Technology Fair
Newsletters
Hitachi America’s CIO says the Japanese conglomerate’s enterprise AI strategy isn’t one-size-fits-all
By John KellAugust 5, 2026
US hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026.
Real Estate
‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis
By Nick LichtenbergAugust 5, 2026
Scott Bessent stands outside wearing a suit, his hands pressed together as he speaks.
North America
The Trump administration has doled out $100 billion in tariff refunds, but Americans are suing U.S. companies for not seeing a penny of the returns
By Sasha RogelbergAugust 5, 2026
Photo of a house and a symbol of the stock market
Investing
Locked out of housing, Gen Z and Millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings
By Mia OsmonbekovAugust 5, 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
With the national debt nearing $40 trillion, Bank of America has a warning for bond investorsplaceholder alt text
By Joshua HongAugust 18, 2026
Personal Finance
Current price of oil as of August 18, 2026placeholder alt text
By Joseph HostetlerAugust 18, 2026
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