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USC just shattered its fundraising record by nearly $100 million—thanks partly to the billionaire family behind the Houston Texans

The Robert and Janice McNair Foundation donated $25 million to the University of South Carolina in 2026.

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Fortune

Sydney Lake

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.

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Fortune

Catherina Gioino

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.

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Fortune

Tatiana Sataua

Inside the $8 billion cybersecurity acquisition that rescued ServiceNow from the ‘Saaspocalypse’

The deal for Yevgeny Dibrov’s Armis was Israel’s second-largest tech startup exit ever.

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Fortune

Lily Mae Lazarus

Princeton’s ‘AI Snake Oil’ author says the real fear isn’t thinking machines—it’s that AI exposes who already knows how to think

Princeton's Arvind Narayanan says his students are "in a bind." How much should they use AI versus resist it to build up their own skills?

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Fortune

Nick Lichtenberg

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.

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Fortune

Sasha Rogelberg

Nelson Peltz might take Wendy’s private following six straight quarterly sales declines as customers flee its poor franchise models and bad marketing

Peltz spent two decades helping shape Wendy's into the burger conglomerate it is today. Now he's considering buying the rest of the struggling chain.

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Fortune

Tatiana Sataua

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."

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Fortune

Nick Lichtenberg

Meet the venture capital and crypto billionaires quietly bankrolling the fight against California’s wealth tax

Campaign finance records show at least four billionaires quietly funding the opposition—and the fight is only growing stronger

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Fortune

Mia Osmonbekov

David Sacks says Anthropic’s Dario Amodei wants a ‘DMV for AI.’ But plenty of industries thrive despite safety regulation

Amodei took to social media to defend his approach to regulation and his discussion of AI risks following criticism from investor Gavin Baker.

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Fortune

Jeremy Kahn

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.

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Fortune

John A. Quelch

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

Bank of America strategist Michael Hartnett warns against investing in bonds as the U.S. continues to run large deficits.

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Fortune

Joshua Hong

OpenAI says it paused AI training for two weeks and announces new security protocols following Hugging Face hack

The AI company says its unreleased Astra model presents a “critical” cybersecurity risk and it has put its largest training runs on hold while it...

yesterday 0

Fortune

Emily Forlini

Exclusive: Accounting AI startup Rillet reaches unicorn status with $1 billion valuation. Its founder says he wants to give CFOs back their weekends

"Our message is not that we're coming after jobs," Rillet CEO Nicolas Kopp told Fortune. "That's just not correct."

yesterday 0

Fortune

Nick Lichtenberg

OpenAI data center deal with Nvidia comes in $145 billion lower than reported—signaling concerns of artificial demand for chips

Circular financing concerns revolve around the chip-maker's investment into OpenAI's data center lease.

yesterday 0

Fortune

Joshua Hong

Dropbox co-CEO has just shared the simple rule he follows for when to turn down a meeting

Dropbox co-CEO Ashraf Alkarmi writes down five goals each quarter—if ‘I get meetings that are not related to these things, I don't go,” he says.

yesterday 2

Fortune

Emma Burleigh

Reed Hastings says he learned why companies aren’t families after laying off one-third of Netflix: ‘You would never lay off two of your kids’

Elite companies can’t operate like families, according to Netflix’s Reed Hastings—a mindset that helped turn it into a $315 billion...

yesterday 3

Fortune

Preston Fore

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.

yesterday 10

Fortune

The Associated Press

Home Depot rides America’s housing affordability problem to sales increase on home DIY projects

Revenue climbed to $47.86 billion and U.S. comparable sales rose 1.3%, but big-ticket renovations fell as high borrowing costs persist

yesterday 10

Fortune

The Associated Press

The Buss family wants an ‘exit gracefully.’ Jeanie Buss says no

A planned sale of the family’s 17.8% stake to Bob Iger and Josh Kushner would take Jeanie Buss below the NBA’s 15% governor threshold.

yesterday 7

Fortune

Greg Beacham

‘The negotiations are very intense and delicate’: Carney, Trump hold crunch talks to avoid midnight 50% tariff deadline

The threat is 50% tariffs on $20 billion of Canadian goods; the real target is leverage before North America’s trade pact is remade.

yesterday 6

Fortune

Paul Wiseman

Meet OpenAI’s ChatGPT for Teens, which doesn’t talk about sex or suicide and gives you homework help instead

OpenAI doesn't verify users' ages, but it already uses age assurance to estimate if someone is under 18 based on factors such as their types of...

yesterday 2

Fortune

Barbara Ortutay

The gift of a garden: How Facebook’s Buy Nothing helped a teacher reinvent herself as an urban flower farmer for free

"Within five minutes, my phone started pinging like crazy,” she said. Within a week, she had received 40 offers of free places to grow flowers.

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Fortune

Jessica Damiano

One guinea pig helped her son heal. Now she has to feed 400 every day, running America’s biggest Guinea Pig Sanctuary

“If I don’t get up, they don’t eat and they can die," said Kimie Smothermon. "If I could figure out how to get out of this ... I probably would."

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Fortune

Kimberlee Kruesi

The finance skills that are becoming more and more critical in the AI age

Finance leads Heidrick & Struggles’ list of the 15 most in-demand skills amid the rapid rise of AI.

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Fortune

Sheryl Estrada

Biden’s favor to Trump on cheaper drug prices includes a largely forgotten law to make Medicare more powerful

Trump touts "most favored nation" deals and TrumpRx for the 3.1% annual price drop.

yesterday 10

Fortune

The Associated Press

Data center gas plants to boost U.S. power emissions by 20%

Ninety-nine proposed gas plants to power AI data centers could lift emissions by up to a third, with Amazon and Microsoft among the developers

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Fortune

Matt Day

210 interns. 115,000 applicants. Here’s what Citadel Securities’ 0.18% actually have in common

One of Wall Street's most selective employers says technical skill is no longer what separates the interns who get hired from the ones who don't.

yesterday 4

Fortune

Alex Dileonardo

The most important AI habit I have is making one phone call a day

As AI gets better at recording, summarizing, and analyzing every conversation, I've started protecting the one skill I never want to outsource:...

yesterday 1

Fortune

Maria Colacurcio

Financial adulthood has moved to the 30s: ‘the decade when people come to terms with where they are in life’

Older millennials bear the scars of 2008. Younger ones face an equally unforgiving—but differently broken—economy.

yesterday 10

Fortune

Nick Lichtenberg

Current price of oil as of August 18, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

yesterday 1

Fortune

Joseph Hostetler

Anthropic’s annual revenue run rate reportedly hits $65 billion

Everything you need to know before you reach the office this morning.

yesterday 10

Fortune

Jim Edwards

AI gets its own “boiler room” scandal

The SEC accuses a Long Island firm of running a $74 million boiler room that sold retirees marked-up shares in Anduril, Anthropic, Perplexity, and...

yesterday 10

Fortune

Allie Garfinkle

Meta braces for federal child privacy trial in California

In today's edition: Meta goes to court; Big Tech's AI debt woes; OpenAI heads to Ohio, robot delivery, Reddit, YouTube views, Alibaba, and Groq.

yesterday 10

Fortune

Lily Mae Lazarus

The CEO of KB Home has a plan to tempt first-time buyers into the market at last

Also: All the news and watercooler chat from Fortune.

yesterday 10

Fortune

Diane Brady

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.

yesterday 10

Fortune

Angelica Ang

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

yesterday 10

Fortune

Mia Osmonbekov

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth

Billionaires have amassed a nine-figure war chest to defeat Proposition 40 as polls show California voters are nearly split on the one-time tax.

yesterday 10

Fortune

Marco Quiroz-Gutierrez

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

Billionaire Palmer Luckey sold Oculus to Facebook for $2 billion by 21 years old—and says that kind of break "isn't happening in China."

yesterday 10

Fortune

Orianna Rosa Royle

Married 69 years, this philanthropic couple died 8 days apart—after giving away more than $20 million from a hotel-and-property fortune

Roy and Nola Thompson quietly gave away tens of millions to their Australian community, guided by a simple rule: "You can't take it with you."

yesterday 10

Fortune

Sydney Lake

The global ‘freedom of the seas’ is dying in the Strait of Hormuz—and everyone, everywhere, could pay the tolls

Iran forcing a fee structure in the Strait of Hormuz may trigger a global domino effect.

yesterday 10

Fortune

Jordan Blum

Ousted L3Harris CEO Chris Kubasik forfeits $45 million—but he’ll still walk away with $80 million in stock and options

The ex-CEO was previously forced to resign from Lockheed Martin after a 2012 ethics investigation confirmed he had a personal relationship with a...

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Fortune

Amanda Gerut

Check your fridge: Nearly 19 million eggs are under the FDA’s most serious recall classification

Nearly 19 million eggs linked to a 98-person salmonella outbreak now carry the FDA's highest-risk classification. Some may still be in fridges.

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Fortune

Tatiana Sataua

57 Trump officials are worth $100 million or more—quadruple the combined total of the last three presidents

The tally comes as only 32% of Americans approve of Trump's handling of the economy, down from 40%

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Fortune

The Associated Press

New Mexico’s attorney general reportedly pushes new social media safety laws a day before 29 AGs testify against Meta in federal trial

Raul Torrez, New Mexico’s attorney general, is drafting two bills as a separate 29-state trial over child safety opens in Oakland tomorrow.

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Fortune

Catherina Gioino

‘Only idiot startup founders stay in Cali’: Mark Cuban rips billionaire tax—and opens a rift inside the Democratic Party

The business mogul fired shots at the Democratic economic patriot over concerns of taxing young startup companies out of California.

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Fortune

Joshua Hong

U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum...

previous day 3

Fortune

Sasha Rogelberg

Trump pivoted from bombs to an economic war against Iran. But Tehran is now ‘fully offensive’ and doesn’t think the real fighting hasn’t started yet

Unless the U.S. implements the June ceasefire deal in a few weeks, Iran will launch a "timely and precise" ​attack to break the blockade, an Iranian...

previous day 5

Fortune

Jason Ma

The ‘Jamie premium’ nears $1 trillion as JP Morgan flirts with historic market valuation

CEO Jamie Dimon has spent two decades building JP Morgan into the lion of Wall Street. Its market cap was $138 billion when he took over

previous day 5

Fortune

Mia Osmonbekov

Siemens CEO keeps his inbox below 100 with 2-letter replies—and has no recurring meetings with direct reports: ‘I don’t need to entertain people’

CEO of $256 billion Siemens, Roland Busch, replies to emails with just ‘OK’ or ‘No.’ Anything longer, and the boomer will voice note his team...

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Fortune

Preston Fore