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Jeff Bezos says a 3-day workweek and more single-income households are on the way thanks to AI: ‘It’s going to be difficult to hire people’

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Disney offered a 13-year-old $2 million to sing in ‘The Lion King.’ His mom took $100K plus royalties instead. He’s still getting paid 34 years later

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Current price of oil as of October 9, 2026

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Jeff Bezos says a 3-day workweek and more single-income households are on the way thanks to AI: ‘It’s going to be difficult to hire people’

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Disney offered a 13-year-old $2 million to sing in ‘The Lion King.’ His mom took $100K plus royalties instead. He’s still getting paid 34 years later

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Current price of oil as of October 9, 2026
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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.
President Donald Trump walks after speaking at a Columbus Day celebration in the East Room of the White House, Friday, Oct. 9, 2026.
Trump struck a diesel deal with Putin just weeks after signing Russia sanctions. Zelenskyy calls it ‘a weak decision’

With U.S. diesel at $6.23 a gallon, the Treasury Department is easing restrictions on Russian diesel shipments for six months.

By Michelle L. Price, Collin Binkley and The Associated PressOctober 9, 2026
‘I drive a Tesla’: After Elon Musk said he’d lose his job, Delta CEO Ed Bastian says there’s ‘no tit for tat’ as airline unveils earnings miss
‘I drive a Tesla’: After Elon Musk said he’d lose his job, Delta CEO Ed Bastian says there’s ‘no tit for tat’ as airline unveils earnings miss
By Catherina GioinoOctober 9, 2026
Person holds up phone showing sports betting stats with a basketball and beers in the background.
Head of prominent gambling addiction nonprofit resigns after backlash to $2 million Kalshi donation
By Camila Grigera NaónOctober 9, 2026
‘Trojan horse’: California’s top 1% pay nearly half the state’s income taxes. Prop 40 opponents warn the billionaire tax could reach everyone else
‘Trojan horse’: California’s top 1% pay nearly half the state’s income taxes. Prop 40 opponents warn the billionaire tax could reach everyone else
By Jason MaOctober 9, 2026
‘Are we rich?’ The question billionaire and millionaire parents dread, and what happens when they dodge it
‘Are we rich?’ The question billionaire and millionaire parents dread, and what happens when they dodge it
By Mia OsmonbekovOctober 9, 2026
Penny Pennington, chief executive officer of Edward Jones, at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC.
‘The elder daughter phenomenon’: Edward Jones head Penny Pennington said the economy is propped up by eldest daughters
By Joshua HongOctober 9, 2026
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Economy
More in Economy
Two men operate a machine to string guitars.
‘A very leaky pipeline’: 1.7 million trade jobs will open each year through 2035—and experts are scrambling to figure out how to fill them

A new report finds a graying workforce and Gen Z retention problems are making it harder to fill ever-expanding skilled trade roles.

By Sasha RogelbergOctober 9, 2026
Authorities said Houthi-claimed attacks on Riyadh airport killed three Saudi citizens, as airlines suspend at least 124 flights

A deadly attack on Riyadh’s King Khalid International Airport marks a new escalation in the Iran war as oil prices and air travel stay volatile

By The Associated Press, Cara Anna and SALLY ABOU ALJOUDOctober 9, 2026
Sam Altman says we need another Renaissance. But we really need another Industrial Revolution

A misunderstanding of history risks giving AI a future of elite patronage instead of widespread prosperity.

By Christopher KoopmanOctober 9, 2026
AI skills could mean bigger paychecks for finance talent

Employers are willing to pay more for new hires with AI expertise, but technical skills are only part of what finance leaders need.

By Sheryl EstradaOctober 9, 2026
More in Economy
Banking
More in Banking
Milos Maricic: listen for the AI number on next week’s bank calls
Milos Maricic: listen for the AI number on next week’s bank calls

Economists have described tech bubbles in detail. The most remarkable thing about the AI cycle might be how closely it follows the blueprint.

By Milos MaricicOctober 9, 2026
Top CD rates from major banks on October 9, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

A deposit account at a bank you already recognize can be a safe way to earn interest on your money.

By Joseph HostetlerOctober 9, 2026
‘You decided to evade them’: Former HSBC banker ‘clearly in a financial position to pay’ banned from finance for dodging $7,800 in fares

Joseph Molloy was banned not only from working in regulated financial services but also from the railway operator.

By Catherina GioinoOctober 9, 2026
Today’s top high-yield savings rates: Up to 4.50% on Oct. 9, 2026

Check out the highest savings account rates available today. Some high-yield savings accounts are still offering rates around 5%.

By Glen Luke FlanaganOctober 9, 2026
More in Banking
Personal Finance
More in Personal Finance
SpaceX founder Elon Musk
Elon Musk just lost his trillionaire status again after three days—but he says ‘it’s not like it’s sitting in a bank account’ anyway

SpaceX founder Elon Musk lost $63 billion in the span of days, falling out of the trillionaire club for the second time.

By Emma BurleighOctober 9, 2026
Current price of gold as of October 9, 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 BakstOctober 9, 2026
Current price of oil as of October 9, 2026

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

By Joseph HostetlerOctober 9, 2026
Current price of silver as of Friday, October 9, 2026

Silver is a (comparatively) safe and reliable asset that can help you to preserve the value of your money during times of inflation.

By Joseph HostetlerOctober 9, 2026
More in Personal Finance
Investing
More in Investing
Current price of Bitcoin for Oct. 9, 2026
Current price of Bitcoin for October 9, 2026

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

By Joseph HostetlerOctober 9, 2026
Current price of Ethereum for October 9, 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 HostetlerOctober 9, 2026
Disney offered a 13-year-old $2 million to sing in ‘The Lion King.’ His mom took $100K plus royalties instead. He’s still getting paid 34 years later

Jason Weaver’s mom once backed Aretha Franklin. She bet on royalties over Disney’s cash—and it’s paid more than the $2 million he gave up.

By Orianna Rosa RoyleOctober 9, 2026
Is AI the new China Shock?

When China joined the WTO in 2001, that one move set off the largest capital spending boom the world had ever seen. Twenty-five years later, here we are.

By Jared FranzOctober 9, 2026
More in Investing
Real Estate
More in Real Estate
Current ARM mortgage rates report for Oct. 9, 2026
Current ARM mortgage rates report for Oct. 9, 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 FlanaganOctober 9, 2026
Current refi mortgage rates report for Oct. 9, 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 FlanaganOctober 9, 2026
Today’s home equity loan and HELOC rates, Oct. 9, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerOctober 9, 2026
Mortgage rates today, Oct. 9, 2026: Slight tick down for some loan types

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 FlanaganOctober 9, 2026
More in Real Estate
Energy
More in Energy
Fortune 500 Power Moves: Which executives gained and lost power this week
Fortune 500 Power Moves: Which executives gained and lost power this week

See which Fortune 500 companies are making changes to their C-suite ranks.

By Fortune EditorsOctober 9, 2026
‘We don’t feel good’: PepsiCo plans price hike on Doritos, Ruffles, SunChips and sodas after offsetting costs with $178 million tariff refund

Yet there are risks for U.S. companies that raise prices in the current economic environment, with so many American households already stretched financially.

By The Associated Press and Dee-Ann DurbinOctober 8, 2026
Current price of oil as of October 8, 2026

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

By Joseph HostetlerOctober 8, 2026
‘Lipstick on a pig’: Trump’s red-dyed diesel plan is more midterms appeal than gas price solution, experts say—and even truckers are calling his bluff

As the Iran war keeps diesel prices above $6 per gallon, analysts say the only way to lower costs is to ease geopolitical tensions.

By Sasha RogelbergOctober 8, 2026
More in Energy
Crypto
More in Crypto
NFL football field with personnel walking it before the Super Bowl final
NFL urges Supreme Court to back state gambling rules—breaking with other leagues on prediction markets

The league wants clarity “before another NFL season goes by” to preserve game integrity.

By Camila Grigera NaónOctober 8, 2026
Four tribes partner with Kalshi to launch prediction apps–a move that undercuts Native American opposition to the industry

For tribes left out of the $46 billion casino boom, a disputed industry offers a different path.

By Camila Grigera NaónOctober 7, 2026
OKX debuts a platform that turns 50 currencies into digital dollars, betting emerging-market investors want stablecoins

“The key gap for people and institutions is settlement,” Haider Rafique, OKX’s global managing partner, tells Fortune.

By Nicholas GordonOctober 5, 2026
A $443 million memecoin frenzy dissolves into nothing—Robinhood and Circle are latest to taste the memecoin boom-and-bust cycle

Robinhood Chain saw a brief surge in memecoin trading before volumes dropped 96%.

By Camila Grigera NaónOctober 6, 2026
More in Crypto
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Environment
Meet the Florida architect who lost his roof at 12 — and now builds for the next Andrew
By Dorany Pineda and The Associated PressAugust 22, 2026
  • The top high-yield savings rates: Up to 4.50% on Aug. 21, 2026
    Personal Finance
    The top high-yield savings rates: Up to 4.50% on Aug. 21, 2026
    By Glen Luke FlanaganAugust 21, 2026
U.S. to allow limited livestock imports from Mexico as outbreak from flesh-eating screwworm parasite eases, but total eradication will take time
North America
U.S. to allow limited livestock imports from Mexico as outbreak from flesh-eating screwworm parasite eases, but total eradication will take time
By Fabiola Sánchez and The Associated PressAugust 22, 2026
‘The U.S. is not the only game in town anymore’ — Treasury debt faces more competition from higher-yielding bonds overseas than in recent decades
Economy
‘The U.S. is not the only game in town anymore’ — Treasury debt faces more competition from higher-yielding bonds overseas than in recent decades
By Stan Choe, Christopher Rugaber and The Associated PressAugust 22, 2026
James Francisco Turner Lazaro is founder and CEO of MAKE.
Success
I helped turn a California bank into one of America’s fastest-growing. Now I’m building a company to serve the people that banking has failed
By James Francisco Turner LazaroAugust 22, 2026
barreiro
Commentary
America has a $172 billion child care problem. Investors are overlooking part of the solution
By Pablo Marcelo BarreiroAugust 22, 2026
The veteran Fortune 500 CEO who turned an 80-year-old AC company into an AI darling
Big Tech
The veteran Fortune 500 CEO who turned an 80-year-old AC company into an AI darling
By Shawn TullyAugust 22, 2026
  • Current ARM mortgage rates report for Aug. 21, 2026
    Personal Finance
    Current ARM mortgage rates report for Aug. 21, 2026
    By Glen Luke FlanaganAugust 21, 2026
Powering the cloud after 60 years underground: Ormat’s geothermal pivot to AI
Energy
Powering the cloud after 60 years underground: Ormat’s geothermal pivot to AI
By Jordan BlumAugust 22, 2026
U.S. President Donald Trump pauses while delivering remarks at the David S. Mack Center for Training and Intelligence.
Economy
Republicans say let them eat overpriced burgers, turning on Trump for ‘flooding the market with foreign beef’
By Seung Min Kim, Jesse Bedayn and The Associated PressAugust 21, 2026
The AI boom is lifting economies across Asia. But for Southeast Asia, it might just be a ‘short-term blip’
Asia
The AI boom is lifting economies across Asia. But for Southeast Asia, it might just be a ‘short-term blip’
By Angelica AngAugust 21, 2026
Photo of YouTube logo and Netflix creeping up behind it
Economy
YouTube offers creators millions to not work with Netflix
By Lucas Shaw and BloombergAugust 21, 2026
A trader trading crypto on their phone.
Crypto
Bitcoin soars to nearly $80,000—but crypto’s new favorite coin, Hyperliquid, is stealing its thunder
By Camila Grigera NaónAugust 21, 2026
  • Current refi mortgage rates report for Aug. 21, 2026
    Personal Finance
    Current refi mortgage rates report for Aug. 21, 2026
    By Glen Luke FlanaganAugust 21, 2026
Jeff Bezos and Lauren Sánchez at the Dior fashion show as part of Haute Couture Spring/Summer 2026 held at the Musée Rodin.
Real Estate
Membership into Miami’s most exclusive club is something money can’t buy—and Jeff Bezos is among those standing outside, looking in
By Joshua HongAugust 21, 2026
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
Economy
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
By Jason MaAugust 21, 2026
Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex
Success
Harry and Meghan’s homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune
By Emma BurleighAugust 21, 2026
Eric Schmidt, chief executive officer of Relativity Space and former chief executive officer of Google, during the America Business Forum in Miami, Florida.
Politics
Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California’s billionaire tax is spent
By Joshua HongAugust 21, 2026
Donald Trump, standing behind a podium, points in front of him with Scott Bessent standing behind him.
Economy
‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May
By Sasha RogelbergAugust 21, 2026
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
Crypto
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
By Omid MalekanAugust 21, 2026
Photo of Evergrande's founder on trial
Real Estate
China’s onetime richest man has lost everything but creditors are still owed $300 billion
By The Associated Press and Chan Ho-HimAugust 21, 2026
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
C-Suite
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
By Sheryl EstradaAugust 21, 2026
Current price of gold as of August 21, 2026
Personal Finance
Current price of gold as of August 21, 2026
By Danny BakstAugust 21, 2026
Gold, silver, or cash: Which has been the better crisis hedge over the last 50 years?
Personal Finance
Gold, silver, or cash: Which has been the better crisis hedge over the last 50 years?
By Joseph HostetlerAugust 21, 2026
Top CD rates from major banks Aug. 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 21, 2026
Current price of silver as of Friday, Aug. 21, 2026
Personal Finance
Current price of silver as of Friday, August 21, 2026
By Joseph HostetlerAugust 21, 2026
Current price of oil as of Aug. 21, 2026
Personal Finance
Current price of oil as of August 21, 2026
By Joseph HostetlerAugust 21, 2026
Current price of Bitcoin for Aug. 21, 2026
Personal Finance
Current price of Bitcoin for August 21, 2026
By Joseph HostetlerAugust 21, 2026
Current price of Ethereum for Aug. 21, 2026
Personal Finance
Current price of Ethereum for August 21, 2026
By Joseph HostetlerAugust 21, 2026
An F/A-18E Super Hornet, attached to Strike Fighter Squadron (VFA) 14, makes an arrested landing on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln
Newsletters
How Silicon Valley just might save America from the growing drone threat
By Jeff John RobertsAugust 21, 2026
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Commentary
America faces an affordability crisis like the one from 25 years ago, but needs a fresh solution
By Amos Winter and Vijay GovindarajanAugust 21, 2026
Scott Bessent, US treasury secretary, speaks to members of the media outside the White House in Washington, DC, US, on Thursday, Aug. 20, 2026.
Economy
Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t
By Eleanor PringleAugust 21, 2026
Top CD rates on Aug. 21, 2026: Lock in up to up to 4.50%
Personal Finance
Top CD rates on Aug. 21, 2026: Lock in up to up to 4.50%
By Glen Luke FlanaganAugust 21, 2026
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Jeff Bezos says a 3-day workweek and more single-income households are on the way thanks to AI: ‘It’s going to be difficult to hire people’placeholder alt text
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Disney offered a 13-year-old $2 million to sing in ‘The Lion King.’ His mom took $100K plus royalties instead. He’s still getting paid 34 years laterplaceholder alt text
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