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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

3

Top economist on Trump's 'deadly cocktail' for the bond market—and how the bond vigilantes have crossed Scott Bessent's 'red line'

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

Top economist on Trump's 'deadly cocktail' for the bond market—and how the bond vigilantes have crossed Scott Bessent's 'red line'
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Global
Emil Michael, under secretary of defense for research and engineering nominee for US President Donald Trump.
Pentagon pushes ‘zero tolerance’ audit on foreign university partnerships that ‘compromise our national security’

Schools must complete a review and terminate arrangements deemed problematic—or face funding losses.

By The Associated Press and Heather HollingsworthAugust 19, 2026
Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton
Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton
By Nicholas GordonAugust 19, 2026
St. Jude Children's Medical Research Center CEO Dr. Charles Roberts stands for a portrait in the Roberts Laboratory at the Danny Thomas Research Center.
The new head of America’s top children’s hospital sees ‘the dawn of a new era’ for kid cancer treatment
By The Associated Press and Glenn GamboaAugust 19, 2026
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Trump threatens to bomb Oman, widening the war that crippled the global economy
By Samy Magdy and The Associated PressAugust 19, 2026
Meta CEO Mark Zuckerberg leaves the Los Angeles Superior Court after testifying.
‘Harvest their data and hide the truth from the public’: Four states seek billions from Meta over child safety practices
By Barbara Ortutay, Kaitlyn Huamani and The Associated PressAugust 19, 2026
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National debt crosses $40 trillion and think tank warns: ‘The level of fiscal mismanagement is tragic
By Eleanor PringleAugust 19, 2026
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Lindsay Clancy was ‘begging for help’ and feared drug dependence in weeks before her children died, ex-mother-in-law testifies
Lindsay Clancy was ‘begging for help’ and feared drug dependence in weeks before her children died, ex-mother-in-law testifies

Susan Clancy told jurors her former daughter-in-law was “struggling” for months as the defense builds its postpartum psychosis case

By The Associated Press and Leah WillinghamAugust 19, 2026
A woman inspired by Luigi Mangione to try bombing Scott Bessent gets hit with 6 years in prison

Prosecutors sought more than 10 years for Riley English, who cited mental health struggles and fears about Trump-era policies toward trans people

By Michael Kunzelman and The Associated PressAugust 19, 2026
78-year-old ex-Fauci adviser pleads guilty to concealing COVID-19 origin research records using private email

The indictment follows a probe by House Republicans into the origins of the COVID-19 pandemic. Fauci wasn’t charged

By The Associated PressAugust 19, 2026
Jimmy Kimmel feud with Trump escalates to ABC suing the FCC over threats to its broadcast licenses

“Again and again, the Administration has attacked ABC’s speech — the stories its journalists report and the viewpoints its network programs air.”

By Jocelyn Noveck and The Associated PressAugust 19, 2026
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North America
More in North America
A SpaceX rocket carved out a crater on the moon as long as a bowling lane with ‘butterfly wing’ streaks
A SpaceX rocket carved out a crater on the moon as long as a bowling lane with ‘butterfly wing’ streaks

It took six days before the crash scene came into view

By The Associated Press and Marcia DunnAugust 19, 2026
Texas’ screwworm could be fatal for the unadopted dogs and cats in rescue shelters statewide

“It’s thrown a wrench into things, for small rescues as well as the bigger shelters,” said Mia Bendixsen of the Texas Humane Legislation Network.

By The Associated Press and John HannaAugust 19, 2026
The AI boom made San Francisco so crowded even ‘tech bros’ making six figures are left scrounging for homes and apartments

San Francisco has become the hub for big tech, but housing demand is outpacing supply.

By Joshua HongAugust 19, 2026
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
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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
More in Asia
Global
More in Global
‘I think that we’re going to make history here’: Angry parents of kids sextorted, cyberbullied or addicted to social media are out for vengeance
‘I think that we’re going to make history here’: Angry parents of kids sextorted, cyberbullied or addicted to social media are out for vengeance

As opening statements kicked off Tuesday in a trial for Meta Platforms, advocates and parents of social media victims gathered outside the courthouse.

By The Associated Press and Kaitlyn HuamaniAugust 19, 2026
How KFC and Taco Bell’s top technologist is embracing AI and automation across 63,000 restaurants

The top technologist at Yum Brands, Jim Dausch, 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

The shot, paired with Merck’s Keytruda, cut the risk of melanoma recurrence in a trial of more than 1,100 patients.

By Catherina GioinoAugust 19, 2026
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
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Latest stories from Fortune
American Airlines is finally bringing back seatback screens after nearly 10 years in a premium push to win back customers
Travel & Leisure
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
a
Politics
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.
Health
‘Often flying blind’: Up to $246 million of taxpayer-funded CDC programs are largely unstaffed
By The Associated Press and Mike StobbeAugust 19, 2026
How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen
Retail
How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen
By Sarah GlodekAugust 19, 2026
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
UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran
Energy
UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran
By David Rising and The Associated PressAugust 19, 2026
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities
Retail
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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AI is creating a two-speed jobs market in the UK, Indeed says
AI
AI is creating a two-speed jobs market in the UK, Indeed says
By Irina Anghel and BloombergAugust 2, 2026
As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
Success
As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
By Jason MaAugust 2, 2026
Sen. Bernie Moreno says Rep. Max Miller shouldn’t serve in the House, calling former son-in-law a ‘danger to my daughter’ and granddaughter
Politics
Sen. Bernie Moreno says Rep. Max Miller shouldn’t serve in the House, calling former son-in-law a ‘danger to my daughter’ and granddaughter
By Mary Clare Jalonick, Julie Carr Smyth and The Associated PressAugust 2, 2026
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
Middle East
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
By Jason MaAugust 2, 2026
Tom Holland and Zendaya share another box-office hit as ‘Spider-Man: Brand New Day’ makes history on the heels of ‘The Odyssey’
Arts & Entertainment
Tom Holland and Zendaya share another box-office hit as ‘Spider-Man: Brand New Day’ makes history on the heels of ‘The Odyssey’
By Lindsey Bahr and The Associated PressAugust 2, 2026
Wall Street’s favorite bet comes undone as chips whipsaw market
Investing
Wall Street’s favorite bet comes undone as chips whipsaw market
By Ryan Vlastelica and BloombergAugust 2, 2026
Jefferies analyst calls out ‘simple-minded’ criticism of SpaceX’s governance
Investing
Jefferies analyst calls out ‘simple-minded’ criticism of SpaceX’s governance
By Alastair Marsh and BloombergAugust 2, 2026
Crushed by Kospi rout, angry Koreans rip Lee and vow not to buy
Investing
Crushed by Kospi rout, angry Koreans rip Lee and vow not to buy
By Youkyung Lee, Sangmi Cha and BloombergAugust 2, 2026
Trump’s approval rating on the economy sinks to just 32%, and even Republicans feel like they need ‘to get a loan before I go grocery shopping’
Politics
Trump’s approval rating on the economy sinks to just 32%, and even Republicans feel like they need ‘to get a loan before I go grocery shopping’
By Amelia Thomson-Deveaux, Linley Sanders, Mike Catalini and The Associated PressAugust 2, 2026
Moscow views SpaceX’s Starlink as a grave threat, and Ukraine is seeking Trump’s help to get permission to use it for hitting targets inside Russia
Politics
Moscow views SpaceX’s Starlink as a grave threat, and Ukraine is seeking Trump’s help to get permission to use it for hitting targets inside Russia
By Lisa Mascaro, Aamer Madhani, Collin Binkley and The Associated PressAugust 2, 2026
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C-Suite
Infantino’s $20 billion FIFA plan collapses and now he faces a European mutiny over the future of the World Cup
By Graham Dunbar and The Associated PressAugust 2, 2026
For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend
Economy
For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend
By Catherina GioinoAugust 2, 2026
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
Success
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
By Orianna Rosa RoyleAugust 2, 2026
Parent with Gen Z adult kid talking about money
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially for support—even though it’s putting them under strain
By Emma BurleighAugust 2, 2026
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Commentary
Trump just invoked a 1930 tariff law no president has ever used — against Canada
By Caleb PetittAugust 2, 2026
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Success
‘It’s really not for the faint of heart’: This 29-year-old CEO became a business owner, doubled revenue in 3 years, and learned what car not to drive
By Nick LichtenbergAugust 2, 2026
Fortune Archives: The oil boom that never ended
Newsletters
Fortune Archives: The oil boom that never ended
By Indrani SenAugust 2, 2026
SpaceX’s record IPO is helping spur a new wave of startups aiming for orbit and opening a vast new market beyond Earth
Startups & Venture
SpaceX’s record IPO is helping spur a new wave of startups aiming for orbit and opening a vast new market beyond Earth
By Marco Quiroz-GutierrezAugust 2, 2026
Most billionaires are stuck in ‘slow philanthropy.’ MacKenzie Scott gave away $26 billion and won’t stop until ‘the safe is empty’
Success
Most billionaires are stuck in ‘slow philanthropy.’ MacKenzie Scott gave away $26 billion and won’t stop until ‘the safe is empty’
By Sydney LakeAugust 2, 2026
A person walks alone in a public plaza
North America
Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we’re paying with our health
By Catherina GioinoAugust 2, 2026
Jason McGowan headshot. Wearing a black shirt with 'Crumbl' behind a pink background
Success
Crumbl CEO says he shuts shop on Sundays and prioritizes game nights with his 7 kids in pursuit of balance: Life can’t be ‘just go, go, go’
By Preston ForeAugust 2, 2026
Basic economics show why Mamdani’s socialist grocery stores in NYC are destined to fail
Retail
Basic economics show why Mamdani’s socialist grocery stores in NYC are destined to fail
By Shawn TullyAugust 2, 2026
SpaceAI could be Southeast Asia’s edge against El Niño—if governments actually use it
Asia
SpaceAI could be Southeast Asia’s edge against El Niño—if governments actually use it
By Karryl Kim Sagun Trajano and Iuna TsyrulnevaAugust 2, 2026
Trump backs off from new strikes on Iran, claiming Mideast allies have outlines of an emerging deal to reopen the Strait of Hormuz
Politics
Trump backs off from new strikes on Iran, claiming Mideast allies have outlines of an emerging deal to reopen the Strait of Hormuz
By Aamer Madhani and The Associated PressAugust 1, 2026
Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating
Cybersecurity
Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating
By Michael Casey and The Associated PressAugust 1, 2026
Trump blasts Pirro after she admitted Reflecting Pool damage was caused by botched installation and blamed Interior Dept. for not sharing information
Law
Trump blasts Pirro after she admitted Reflecting Pool damage was caused by botched installation and blamed Interior Dept. for not sharing information
By Aamer Madhani, Matthew Daly and The Associated PressAugust 1, 2026
Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’
Economy
Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’
By Jason MaAugust 1, 2026
Spain puts up a 1,600-foot sea barrier between Ceuta and Morocco after EU states warn against ‘uncontrolled mass crossings’
Politics
Spain puts up a 1,600-foot sea barrier between Ceuta and Morocco after EU states warn against ‘uncontrolled mass crossings’
By Suman Naishadham and The Associated PressAugust 1, 2026
Trump vows to restore his ‘Anti-Weaponization Fund’ a day after declaring it dead, while Tillis slams it as a ‘payout pot for punks’
Politics
Trump vows to restore his ‘Anti-Weaponization Fund’ a day after declaring it dead, while Tillis slams it as a ‘payout pot for punks’
By Eric Tucker and The Associated PressAugust 1, 2026
Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality
Middle East
Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality
By Jason MaAugust 1, 2026
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Success
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
Economy
Top economist on Trump's 'deadly cocktail' for the bond market—and how the bond vigilantes have crossed Scott Bessent's 'red line'placeholder alt text
By Nick LichtenbergAugust 19, 2026
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