Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices…
Category: Finance News
Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships
With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies…
Vornado CEO Steven Roth fires back at New York City Mayor Zohran Mamdani for targeting Ken Griffin
Steven Roth, chairman and CEO of Vornado Realty Trust—one of New York City’s largest landlords and…
Trump administration suddenly embraces AI oversight ideas it once rejected
When it comes to AI, the Trump Administration has largely positioned itself as the opposite of…
AI could solve America’s $39 trillion debt crisis—but only if U.S. abandons displaced workers: Yale
The big bet on AI—the near-trillion dollars that hyperscalers are spending to build out the technology’s…
At 75, Ted Turner gave himself 5 more years. He got 12—and spent them warning the world was ending
Ted Turner was never one to soften a forecast, even when the subject was himself. “At…
The IRS may owe COVID-era refunds to tens of millions of taxpayers. Here’s who could qualify
Tens of millions of taxpayers may be able to get money back from the IRS for…
Gas crisis? Kelp could be the biofuel answer to high gas prices, but there’s plenty of hurdles
Green cells whirl around a red-light chamber, propelled by a blade through bubbling water. These little…
The U.S. leads in 14 of 18 industries shaping the future economy — but the lead isn’t guaranteed
Geopolitics are dominating headlines, and trade conflict is accelerating. In this context, countries and companies need to…
Current price of oil as of May 6, 2026
At 8:30 a.m. Eastern Time today, the price of oil sits at $106.52 per barrel, using…
Qualcomm CEO Cristiano Amon thinks your relationship to your devices is about to change
Good morning. Fortune Editor-in-Chief Alyson Shontell writing from New York. I recently interviewed Qualcomm CEO Cristiano…
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
ONE BIG THING Jet fuel crisis will hit in June, Goldman warns The world’s oil supply…
Iran war triggers Asian plastic shortage, may spur ‘Middle East plus one’ supply chain rethink
Asia’s oil crisis is quickly worsening into a full-blown material shortage, as falling stockpiles of plastics…
Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June
Europe is weeks away from crossing a critical threshold that represents a severe and immediate shortage…
Half of Google’s and Amazon’s blowout ‘AI profits’ came from Anthropic—not their core business
Four of the largest U.S. tech companies reported earnings Wednesday afternoon, confirming an AI capital expenditure…
A jittery CEO crowd at Milken looks abroad for growth—and answers
Good morning from the Milken Institute Global Conference in Beverly Hills, where leaders from around the…
Anthropic deepens Wall Street push with new AI agents, and Microsoft and Moody’s partnerships
Anthropic is dramatically expanding its footprint in financial services, launching a suite of pre-built AI agents…
Supermicro CEO: ‘No one’ beyond indicted employees were part of alleged $2.5 billion chip smuggling
Super Micro Computer CEO Charles Liang spoke out during the company’s fiscal third quarter earnings call…
For every 6 immigrants removed by ICE, one person born in the U.S. loses their job, study finds
Donald Trump said he had been given a “mandate” by the electorate when he returned to…
Coinbase CEO replacing ‘pure managers’ with ‘player-coaches’ is sign org chart is changing
Out went what Armstrong calls “pure managers.” In came “player-coaches,” flat hierarchies capped at five layers,…