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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
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Sign up for Fortune’s CFO Daily newsletter here. Each week day, senior reporter Sheryl Estrada offers an authoritative exploration of the latest trends and news impacting the corporate finance industry and the evolving role of today’s finance leaders.
‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’
‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’

The president told reporters that the inflation number is only reacting to the war in Iran, and it will adjust once the ceasefire becomes permanent.

By The Associated Press and Christopher RugaberJune 10, 2026
A man guides a ship in the water.
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
Meryl Streep says she was ‘ready to retire’ when the call for ‘Devil Wears Prada 2’ came—so she demanded they double her salary or nothing
Meryl Streep says she was ‘ready to retire’ when the call for ‘Devil Wears Prada 2’ came—so she demanded they double her salary or nothing
By Orianna Rosa RoyleJune 10, 2026
Top CD rates from major banks on June 10, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Top CD rates from major banks on June 10, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 10, 2026
Kevin Warsh (L) shakes hands with U.S. President Donald Trump after being sworn in as the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC.
Inflation is back above 4% for the first time since 2023—but Kevin Warsh might catch a break
By Eva RoytburgJune 10, 2026
swiss
Switzerland to cast world’s first ever vote on whether to cap population
By Jamey Keaten and The Associated PressJune 10, 2026
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Economy
More in Economy
The U.S. strategic petroleum reserve is so low it’s near panic levels
The U.S. strategic petroleum reserve is so low it’s near panic levels

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

By Jim EdwardsJune 10, 2026
Saudi economy redraws ambitions—‘going local’ is the new buzz phrase 

After a decade of dizzying investments, Saudi Arabia is now focused on domestic priorities.

By Melissa HancockJune 10, 2026
Trump’s $100,000 visa fee is dead in one court and alive in another, setting up Supreme Court brawl

H-1B visas are meant for high-skilled jobs that are difficult to find American workers to fill.

By Michael Casey and The Associated PressJune 9, 2026
America’s emergency oil reserve is about to hit its lowest level since Reagan was in office

The Trump administration has drained 66 million barrels from the SPR since the war in Iran began.

By Jordan BlumJune 10, 2026
More in Economy
Banking
More in Banking
goldman
‘The circulatory system is not working.’ Goldman on what’s really wrong with private markets

Goldman Sachs’ top private markets executives say the industry has reached a structural inflection point—not a crisis. Not everyone agrees.

By Nick LichtenbergJune 10, 2026
Exclusive: Mastercard launches protocol to let AI agents pay each other, send micropayments

Agent Pay for Machines is one of a slew of recent attempts from big companies to build payment networks optimized for AI.

By Ben WeissJune 10, 2026
A $7 billion horse race: Goldman Sachs and Morgan Stanley battle for ‘lead left’ position ahead of OpenAI and Anthropic IPOs

Only one bank can occupy the coveted lead underwriter position for this year’s hottest AI IPOs.

By Shawn TullyJune 10, 2026
Today’s top high-yield savings rates: Up to 5.00% on June 10, 2026

There are still high-yield savings accounts offering APYs around 5%. See which banks have the highest savings account rates available today.

By Glen Luke FlanaganJune 10, 2026
More in Banking
Personal Finance
More in Personal Finance
Current price of Ethereum for June 10, 2026
Current price of Ethereum for June 10, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerJune 10, 2026
Current price of Bitcoin for June 10, 2026

Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market.

By Joseph HostetlerJune 10, 2026
Current price of oil as of June 10, 2026

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

By Joseph HostetlerJune 10, 2026
Current price of gold as of June 10, 2026

Trends in gold prices could indicate whether the asset can protect against inflation. Here’s a look at how the precious metal is doing today.

By Danny BakstJune 10, 2026
More in Personal Finance
Investing
More in Investing
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, June 3, 2026
Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint

A midday rout in the “Parabolic 7” chipmakers reversed by the close as money fled into the market’s dullest corners.

By Eva RoytburgJune 9, 2026
Mystery NASDAQ selloff adds tension into a make-or-break week for the AI trade

In a week full of inflation prints and record IPOs, investors are de-risking.

By Stan Choe and The Associated PressJune 9, 2026
Current price of Bitcoin for June 9, 2026

Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market.

By Joseph HostetlerJune 9, 2026
AI stocks are recovering after suddenly tanking last week as oil prices drop more than 3%

The S&P 500 rose 0.2% and pulled back within 2.5% of its all-time high set a week ago.

By Stan Choe and The Associated PressJune 9, 2026
More in Investing
Real Estate
More in Real Estate
Mortgage rates today, June 10, 2026
Mortgage rates today, June 10, 2026

Compare average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.

By Glen Luke FlanaganJune 10, 2026
Current refi mortgage rates report for June 10, 2026

Looking to refinance your mortgage in hopes of getting a lower rate or tapping home equity? See our latest report on average refi rates.

By Glen Luke FlanaganJune 10, 2026
The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

By Melissa HancockJune 9, 2026
Current ARM mortgage rates report for June 10, 2026

Some homeowners might benefit from an adjustable-rate mortgage over the more common fixed-rate loans. Here’s what to know.

By Glen Luke FlanaganJune 10, 2026
More in Real Estate
Energy
More in Energy
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise

As AI data centers strain the grid, GM wants to turn its EVs and batteries into a solution. Ford has a simpler plan—and the two Detroit rivals are betting on very different futures.

By Nick LichtenbergJune 9, 2026
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race

The U.S. must build much more power, storage, and better utilize the existing grid in order to keep the AI boom moving at pace, said Tesla cofounder and Redwood Materials boss JB Staubel at the Fortune Brainstorm Tech conference.

By Jordan BlumJune 9, 2026
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it

O’Neill, who took over on April 1, is the only woman to serve as CEO of a traditional Big Oil supermajor in Europe or the U.S.

By Jordan BlumJune 9, 2026
China’s exports to the US are surging at a pre-Liberation Day pace, defying Trump’s tariff goals

Chinese exports to the U.S. surged more than 35% from the year before, as analysts say the recent YOY improvement has to do Trump’s tariffs.

By Chan Ho-Him and The Associated PressJune 9, 2026
More in Energy
Crypto
More in Crypto
Sam Bankman-Fried formally files for pardon—but White House reiterates that FTX cofounder’s odds are slim
Sam Bankman-Fried formally files for pardon—but White House reiterates that FTX cofounder’s odds are slim

After donating to the Democrats before his conviction, the onetime crypto billionaire has recently made overtures to the GOP.

By Camila Grigera NaonJune 9, 2026
Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy

There are talks of a rumored consortium involving Stripe, Coinbase and others. But don’t count on it happening.

By Jeff John RobertsJune 8, 2026
The S&P 500 will initially exclude SpaceX but Elon Musk is coming for your retirement savings anyway

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

By Jim EdwardsJune 5, 2026
The Class of 2026: Meet the 12 companies making their Fortune 500 debut

From crypto companies to mattress makers, these companies made it in the list’s 72nd year.

By Marco Quiroz-GutierrezJune 5, 2026
More in Crypto
Latest Stories
The curse of Trump watching sports in person: the home team seems to always lose
Arts & EntertainmentThe curse of Trump watching sports in person: the home team seems to always lose
By The Associated Press and Will WeissertJune 10, 2026
Microsoft co-founder Bill Gates (C) arrives for a closed-door interview with the House Oversight Committee on Capitol Hill in Washington, DC, on June 10, 2026.
LawGates testifies on Epstein: previous Fortune investigation reveals payments to his ex-girlfriend, $1M Microsoft deal
By Eva Roytburg, Joey Cappelletti, Hannah Schoenbaum and The Associated PressJune 10, 2026
How the World Cup is a high-stakes stage for Big Tech’s AI push
NewslettersHow the World Cup is a high-stakes stage for Big Tech’s AI push
By John KellJune 10, 2026
Honda recalls nearly 900,000 cars thanks to rear suspension problems
RetailHonda recalls nearly 900,000 cars thanks to rear suspension problems
By The Associated PressJune 10, 2026
Anthropic accused of ‘secret sabotage’ as Claude Fable 5 silently limits capabilities for AI researchers and developers
AIAnthropic accused of ‘secret sabotage’ as Claude Fable 5 silently limits capabilities for AI researchers and developers
By Sharon GoldmanJune 10, 2026
A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI buildout
Future of WorkA 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI buildout
By Jacqueline MunisJune 10, 2026
New York is going crazy for the Knicks in the NBA finals. Only one brand is advertising to women inside Madison Square Garden
NewslettersNew York is going crazy for the Knicks in the NBA finals. Only one brand is advertising to women inside Madison Square Garden
By Emma HinchliffeJune 10, 2026
Xbox CEO Asha Sharma
SuccessXbox’s CEO spent her early career taking out trash and selling coupon books—she says the secret to her rise was never obsessing over a dream career
By Preston ForeJune 10, 2026
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David Solomon
SuccessGoldman Sachs CEO David Solomon had 2 jobs as a teenager while also juggling 3 sports. Now, he’s telling Gen Z to stop wasting time
By Preston ForeMay 18, 2026
  • Some states blast utilities for ‘blatant corporate greed’ as profits rise while consumers revolt against AI-fueled electric bills
    EnergySome states blast utilities for ‘blatant corporate greed’ as profits rise while consumers revolt against AI-fueled electric bills
    By Marc Levy and The Associated PressMay 17, 2026
Top CD rates from major banks May 18, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceTop CD rates from major banks on May 18, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMay 18, 2026
Current price of Ethereum for May 18, 2026
Personal FinanceCurrent price of Ethereum for May 18, 2026
By Joseph HostetlerMay 18, 2026
Current price of Bitcoin for May 18, 2026
Personal FinanceCurrent price of Bitcoin for May 18, 2026
By Joseph HostetlerMay 18, 2026
haidt
AIA record number of 18-year-olds are set to graduate into an economy designed against them
By Nick LichtenbergMay 18, 2026
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Personal FinanceCurrent price of oil as of May 18, 2026
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  • A man with a headset sits at a desk in a call center.
    EconomyThe AI boom hasn’t stopped U.S. companies from hiring cheap offshore labor, and overseas call center employment is still skyrocketing
    By Sasha RogelbergMay 17, 2026
kenya
EnergyThe oil crisis is so bad in Kenya that protesters have lit bonfires in the middle of Nairobi
By The Associated PressMay 18, 2026
hochul
EconomyNew York governor pleads for remote work during massive rail strike: ‘regular commuters who can work from home … please do so’
By Philip Marcelo, Michael R. Sisak and The Associated PressMay 18, 2026
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Personal FinanceCurrent price of gold as of May 18, 2026
By Danny BakstMay 18, 2026
spirit
Travel & LeisureSpirit Airlines apologizes to all the Americans who can’t afford any summer vacation flights as it shuts down
By Rio Yamat and The Associated PressMay 18, 2026
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By Joseph HostetlerMay 18, 2026
  • Zillow CEO doubles down on remote-work model: ‘There is talent everywhere in this country’
    Workplace CultureZillow CEO doubles down on remote-work model: ‘There is talent everywhere in this country’
    By Marco Quiroz-GutierrezMay 17, 2026
shakira
LawShakira will get a $64 million refund from the Spanish government after judge finds she’s not a tax fraud after all
By The Associated PressMay 18, 2026
US President Donald Trump speaks before signing an executive order in the Oval Office at the White House in Washington, DC, as Commerce Secretary Howard Lutnick looks on.
NewslettersTrump’s new corporate playbook: Why the administration is taking equity stakes in companies like Intel
By Sheryl EstradaMay 18, 2026
charlie
CommentaryAnaplan CEO: AI isn’t eating software. It’s sorting it
By Charlie GottdienerMay 18, 2026
Wallet makers are the quiet backbone of the crypto industry. Now they want to be banks
NewslettersWallet makers are the quiet backbone of the crypto industry. Now they want to be banks
By Jeff John RobertsMay 18, 2026
President Donald Trump speaks in front of the American flag to the press as he departs the White House on May 12, 2026 in Washington, DC.
EconomyPresident Trump says the White House’s dealmaking era ends with him: ‘It’s not going to happen again’
By Eleanor PringleMay 18, 2026
The top high-yield savings rates: Up to 5.00% on May 18, 2026
Personal FinanceThe top high-yield savings rates: Up to 5.00% on May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Photo collage of people at work
AIAfter AI stole his clients, one Big Tech ghostwriter is using AI to get them back
By Sage LazzaroMay 18, 2026
Mortgage rates, May 18, 2026
Personal FinanceMortgage rates, May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Current refi mortgage rates report for May 18, 2026
Personal FinanceCurrent refi mortgage rates report for May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Current ARM mortgage rates report for May 18, 2026
Personal FinanceCurrent ARM mortgage rates report for May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Top CD rates on May 18, 2026: Lock in up to up to 4.20%
Personal FinanceTop CD rates on May 18, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganMay 18, 2026
While Detroit blinked on EVs, the Iran war has handed Chinese automakers the opportunity of a lifetime
North AmericaWhile Detroit blinked on EVs, the Iran war has handed Chinese automakers the opportunity of a lifetime
By Marco Quiroz-GutierrezMay 18, 2026
Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran
EnergyMarkets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran
By Jason MaMay 17, 2026
Gundlach says it’s ‘just not possible’ for the Fed to cut rates
EconomyGundlach says it’s ‘just not possible’ for the Fed to cut rates
By Jordan Fitzgerald, Sam Kim and BloombergMay 17, 2026
Supply shocks weren’t random. They were strategic—and should be seen as ‘supply coercion’ instead, former Fed official says 
EconomySupply shocks weren’t random. They were strategic—and should be seen as ‘supply coercion’ instead, former Fed official says 
By Jason MaMay 17, 2026
U.S. says China to buy $17 billion of agricultural goods annually
EconomyU.S. says China to buy $17 billion of agricultural goods annually
By Yash Roy and BloombergMay 17, 2026
The top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs
EconomyThe top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs
By Jason MaMay 17, 2026
BlackRock private credit fund’s valuations are probed by DOJ
InvestingBlackRock private credit fund’s valuations are probed by DOJ
By Olivia Fishlow, Ava Benny-Morrison and BloombergMay 17, 2026
Drone strike sparks fire at UAE nuclear power plant, the first time it’s been attacked since the Iran war started
EnergyDrone strike sparks fire at UAE nuclear power plant, the first time it’s been attacked since the Iran war started
By Jon Gambrell, Samy Magdy and The Associated PressMay 17, 2026
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Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese militaryplaceholder alt text
By Kate O'Keeffe and BloombergJune 8, 2026
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032placeholder alt text
By Nick LichtenbergJune 9, 2026
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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him thereplaceholder alt text
By Preston ForeJune 8, 2026
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