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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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Elon Musk’s fortune slumps to pre-SpaceX IPO levels after rout
Big Tech
Elon Musk’s fortune slumps to pre-SpaceX IPO levels after rout
By Tom Maloney and BloombergAugust 1, 2026
Exxon, Chevron warn fuel prices to endure as war knocks refining
Energy
Exxon, Chevron warn fuel prices to endure as war knocks refining
By Kevin Crowley and BloombergAugust 1, 2026
Bessent joins Japan to help reverse months of yen losses
Economy
Bessent joins Japan to help reverse months of yen losses
By Shintaro Inkyo, Masahiro Hidaka and BloombergAugust 1, 2026
A dead SpaceX rocket that’s been adrift for over a year is about to slam into the moon, carving out a new crater with the equivalent of 3 tons of TNT
Innovation
A dead SpaceX rocket that’s been adrift for over a year is about to slam into the moon, carving out a new crater with the equivalent of 3 tons of TNT
By Marcia Dunn and The Associated PressAugust 1, 2026
After Trump threatens more strikes on Iran, Kuwait and Hormuz shipping face new attacks, while Israel hits Gaza despite Hamas pledge to disarm
Politics
After Trump threatens more strikes on Iran, Kuwait and Hormuz shipping face new attacks, while Israel hits Gaza despite Hamas pledge to disarm
By Samy Magdy, Aamer Madhani and The Associated PressAugust 1, 2026
A loneliness epidemic is creating a new type of third space: the one built around curiosity
Success
A loneliness epidemic is creating a new type of third space: the one built around curiosity
By Tatiana SatauaAugust 1, 2026
Jensen Huang
Success
Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
By Preston ForeAugust 1, 2026
Inside Miami’s ‘Billionaire Bunker,’ a man-made island for the .01% where billionaires like Jeff Bezos and Mark Zuckerberg shell out for total privacy
Real Estate
Inside Miami’s ‘Billionaire Bunker,’ a man-made island for the .01% where billionaires like Jeff Bezos and Mark Zuckerberg shell out for total privacy
By Marco Quiroz-GutierrezAugust 1, 2026
You need $2 million to retire and ‘almost no one is close,’ BlackRock CEO warns, a problem that Gen X will make ‘harder and nastier’
Personal Finance
You need $2 million to retire and ‘almost no one is close,’ BlackRock CEO warns, a problem that Gen X will make ‘harder and nastier’
By Sydney LakeAugust 1, 2026
f
Environment
France’s largest peacetime evacuation ends — with new fires erupting elsewhere
By Thomas Adamson, Nicolas Garriga and The Associated PressAugust 1, 2026
f
Environment
‘People are realizing August is a crapshoot here’: Climate change means the U.S. west is closing rivers for fishing half the time
By Matthew Brown, Dorany Pineda and The Associated PressAugust 1, 2026
stock
Investing
Stocks finish wild month with Amazon rising, Apple sinking and Seoul’s best day ever resulting in a 22% loss
By Stan Choe and The Associated PressAugust 1, 2026
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Economy
Trump promised ‘rocket fuel.’ The economy got a ‘big yawn’ housing bill and higher debt than defense costs instead
By Josh Boak and The Associated PressAugust 1, 2026
wh
Cybersecurity
4 teen suicides spark new lawsuit against Meta, TikTok, Snap, YouTube
By Kaitlyn Huamani, Barbara Ortutay and The Associated PressAugust 1, 2026
n
North America
Gavin Newsom has been earning up to $2 million per year since 2022, records show
By Sophie Austin and The Associated PressAugust 1, 2026
t
Big Tech
Trump to start selling early access to his social media: ‘For the big guys, it’s going to be something they need’
By Bernard Condon, Brian Slodysko and The Associated PressAugust 1, 2026
250
Commentary
America bet everything on trust 250 years ago. That bet is being tested again
By Keith J. KrachAugust 1, 2026
Despite China’s 996 culture, DeepSeek founder Liang Wenfeng says his workers don’t do overtime or even have KPIs: ‘No one manages them’
Success
Despite China’s 996 culture, DeepSeek founder Liang Wenfeng says his workers don’t do overtime or even have KPIs: ‘No one manages them’
By Orianna Rosa RoyleAugust 1, 2026
Anthony Scaramucci
Crypto
Anthony Scaramucci: don’t let politics cost America the digital economy
By Anthony ScaramucciAugust 1, 2026
d
Arts & Entertainment
Christopher Nolan’s Odyssey communicates a timeless — and tragic — aspect of war
By Amy S. Badura-Brack and The ConversationAugust 1, 2026
Golfer in white hat
Big Tech
Amazon’s Andy Jassy sees a $1 trillion cloud built on businesses like the PGA Tour—which swapped its server trucks for AI broadcasts 
By Amanda GerutAugust 1, 2026
Photo of two Harvard football teammates at the Harvard v. Yale game
Success
Wall Street’s hidden recruiting pipeline isn’t an Ivy League diploma—it’s the teammate who triples your odds of getting hired
By Mia OsmonbekovAugust 1, 2026
A creator sells shoes on a livestream auction.
Retail
‘People can go from zero to 100’: How Gen Z is raking in $260,000 per month on a livestream auction app
By Joshua HongAugust 1, 2026
Trump orders Iran attack as soon as this weekend, WSJ says
Politics
Trump orders Iran attack as soon as this weekend, WSJ says
By Jennifer A. Dlouhy and BloombergJuly 31, 2026
LinkedIn adds a ‘seems like AI slop’ button after blocking billions of automated comment attempts in the last few months
Cybersecurity
LinkedIn adds a ‘seems like AI slop’ button after blocking billions of automated comment attempts in the last few months
By Marco Quiroz-GutierrezJuly 31, 2026
Warsh considering reducing number of Fed meetings, NYT reports
Economy
Warsh considering reducing number of Fed meetings, NYT reports
By Enda Curran and BloombergJuly 31, 2026
Y Combinator‑backed AI startup is under fire after its founder offered instant interviews to partygoers who got company tattoos, then apologized
Startups & Venture
Y Combinator‑backed AI startup is under fire after its founder offered instant interviews to partygoers who got company tattoos, then apologized
By Marco Quiroz-GutierrezJuly 31, 2026
Studio portrait of Leopold Aschenbrenner
Startups & Venture
The power couple of AI is getting married in Carmel, days after groom Leopold Aschenbrenner’s hedge fund nearly blew up
By Eva RoytburgJuly 31, 2026
Asia’s aging population doesn’t have to be a fiscal burden. With smart planning, it can be a growth opportunity
Commentary
Asia’s aging population doesn’t have to be a fiscal burden. With smart planning, it can be a growth opportunity
By Runchana Pongsaparn and Koon Hui TeeJuly 31, 2026
European nations have won more than half of all World Cups. Now they’re threatening to boycott the next one
Startups & Venture
European nations have won more than half of all World Cups. Now they’re threatening to boycott the next one
By Catherina GioinoJuly 31, 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
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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