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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.
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
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
By Eva RoytburgJune 9, 2026
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
By Nick LichtenbergJune 9, 2026
U.S. President Donald Trump on Liberation Day.
China’s exports to the US are surging at a pre-Liberation Day pace, defying Trump’s tariff goals
By Chan Ho-Him and The Associated PressJune 9, 2026
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
By Jordan BlumJune 9, 2026
President Donald Trump signing an executive order introducing a $100,000 fee for H-1B visas.
Trump’s $100,000 visa fee is dead in one court and alive in another, setting up Supreme Court brawl
By Michael Casey and The Associated PressJune 9, 2026
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Economy
More in Economy
America’s emergency oil reserve is about to hit its lowest level since Reagan was in office
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
‘We are rapidly running out of time’: Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

Trustees now project the retirement fund will be depleted in 2032 and the combined system in 2034, putting pressure on the 2026 Senate class to act.

By Nick LichtenbergJune 9, 2026
Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox

The Gen Alpha are making money from their online hobbies and managing multiple streams of income from just 13 years old.

By Emma BurleighJune 9, 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
More in Economy
Banking
More in Banking
A $7 billion horse race: Goldman Sachs and Morgan Stanley battle for ‘lead left’ position ahead of OpenAI and Anthropic IPOs
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
Visa’s CFO downplays the importance of stablecoin and agentic commerce to the U.S. payments giant—at least in the short term

“I’m hesitant to lean into the stablecoin and agentic commerce narratives too much,” Chris Suh, Visa’s chief financial officer, tells Fortune.

By Angelica AngJune 10, 2026
Today’s top high-yield savings rates: Up to 5.00% on June 9, 2026

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

By Glen Luke FlanaganJune 9, 2026
Top CD rates from major banks on June 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 HostetlerJune 9, 2026
More in Banking
Personal Finance
More in Personal Finance
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
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
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 Personal Finance
Investing
More in Investing
Options trader Chris Daytona, right, works on the floor of the New York Stock Exchange, Wednesday, June 3, 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
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
SpaceX IPO means more to the Gulf than you might expect

The windfalls Gulf sovereign wealth funds are poised to receive will offer a nicely timed boost to their balance sheets.

By Melissa HancockJune 9, 2026
Current price of Ethereum for June 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 HostetlerJune 9, 2026
More in Investing
Real Estate
More in Real Estate
A for sale sign in front a Spanish style house
Home sales are finally recovering and outpacing economists predictions even as mortgage rates remain high

Sales rose 3.2% compared with May last year.

By Alex Veiga and The Associated PressJune 9, 2026
Mortgage rates today, June 9, 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 9, 2026
Current ARM mortgage rates report for June 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 FlanaganJune 9, 2026
Current refi mortgage rates report for June 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 FlanaganJune 9, 2026
More in Real Estate
Energy
More in Energy
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
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
Current price of oil as of June 9, 2026

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

By Joseph HostetlerJune 9, 2026
The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

Iran’s grip on the Strait of Hormuz is adding $100 billion to airlines’ collective fuel bill this year.

By Marco Quiroz-GutierrezJune 8, 2026
‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO

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

By Jim EdwardsJune 9, 2026
More in Energy
Crypto
More in Crypto
Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy
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 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
I bought peptides with crypto. How my purchase helped fuel a $100 million gray-market, ‘looksmaxxing’ economy

Some of the China-based sellers have pivoted from fentanyl to peptides.

By Ben WeissJune 4, 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
More in Crypto
Latest Stories
Man in a white shirt and jacket.
InnovationMarc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
The entrance to a U.S. Immigration and Customs (ICE) detention facility
North AmericaTexas ICE facility spent $11.5 million on guards, medical services, transportation and meals weeks before the camp even held detainees, GAO finds
By Michael Biesecker, Ryan J. Foley and The Associated PressJune 9, 2026
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
AIAI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
By Sharon GoldmanJune 9, 2026
Trump’s 80th birthday present is a UFC cage on the South Lawn of the White House
North AmericaTrump’s 80th birthday present is a UFC cage on the South Lawn of the White House
By Will Weissert and The Associated PressJune 9, 2026
FIFA says ‘market rates’ explain World Cup prices. Economists say the market was rigged by design
Travel & LeisureFIFA says ‘market rates’ explain World Cup prices. Economists say the market was rigged by design
By Catherina GioinoJune 9, 2026
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
AIThe AI industry spent years chasing bigger models. Now it’s chasing efficiency
By Sharon GoldmanJune 9, 2026
Xbox CEO Asha Sharma speaks on stage at Fortune Brainstorm Tech 2026.
Big Tech‘Not an Allbirds Moment’: Xbox’s new CEO says she is grounding the console in gaming roots, not AI
By Sebastian HerreraJune 9, 2026
Trump speaking into a mic.
NewslettersShould Americans get an equity stake in AI? Trump and progressive Democrats float public ownership of AI
By Beatrice NolanJune 9, 2026
More FinancePage 92 of 100
Current price of gold as of March 12, 2026
Personal FinanceCurrent price of gold as of March 12, 2026
By Danny BakstMarch 12, 2026
  • Iran’s new supreme leader may have been wounded at the start of the war, Israeli intelligence says
    PoliticsIran’s new supreme leader may have been wounded at the start of the war, Israeli intelligence says
    By The Associated Press, Jon Gambrell and David RisingMarch 11, 2026
Price of silver for March 12, 2026
Personal FinanceCurrent price of silver as of Thursday, March 12, 2026
By Joseph HostetlerMarch 12, 2026
In this photo illustration, the SpaceX logo is seen displayed on a smartphone screen.
NewslettersWhy CFOs should pay attention to Elon Musk’s SpaceX IPO—and its rumored $1.5 trillion market cap
By Sheryl EstradaMarch 12, 2026
Steven Sinofsky speaks and gestures with his hands
Newslettersa16z exec Steven Sinofsky had murky dealings with Jeffrey Epstein in his previous life working for Microsoft
By Lily Mae LazarusMarch 12, 2026
Exclusive: Accounting startup Cryptio raises $45 million to help big firms keep track of digital assets
CryptoExclusive: Accounting startup Cryptio raises $45 million to help big firms keep track of digital assets
By Ben WeissMarch 12, 2026
Photo: Infographic with map showing the Strait of Hormuz, locating floating objects (generally boats) captured by the Sentinel-1 radar satellite, before and after the announcement of the blockade of the strait by the Iranian Revolutionary Guard, according to an AFP analysis (Graphic by Valentin RAKOVSKY and Julie PEREIRA / AFP)
EnergyOil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz
By Jim EdwardsMarch 12, 2026
  • trump
    EnergyIran gloats about hitting Trump where it hurts: ‘Just look at the state of the global economy and energy markets — it has been very painful for them’
    By Jon Gambrell and The Associated PressMarch 11, 2026
sonnenfeldt
CommentaryI exited one of the NYC area’s biggest real estate deals at 31. Here’s what I learned
By Michael SonnenfeldtMarch 12, 2026
Top CD rates on March 12, 2026: Lock in up to up to 4.30%
Personal FinanceTop CD rates on March 12, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganMarch 12, 2026
The top high-yield savings rates: Up to 5.00% on March 12, 2026
Personal FinanceThe top high-yield savings rates: Up to 5.00% on March 12, 2026
By Glen Luke FlanaganMarch 12, 2026
A mother works on her computer on a couch with her child in the background.
Workplace Culture$683 billion in unpaid labor: How companies like Amazon, AARP, and Levi’s are easing the caregiving burden on women
By Jacqueline MunisMarch 12, 2026
Mortgage rates, March 12, 2026
Personal FinanceMortgage rates, March 12, 2026
By Glen Luke FlanaganMarch 12, 2026
  • Current price of gold as of March 11, 2026
    Personal FinanceCurrent price of gold as of March 11, 2026
    By Danny BakstMarch 11, 2026
Current refi mortgage rates report for March 12, 2026
Personal FinanceCurrent refi mortgage rates report for March 12, 2026
By Glen Luke FlanaganMarch 12, 2026
Current ARM mortgage rates report for March 12, 2026
Personal FinanceCurrent ARM mortgage rates report for March 12, 2026
By Glen Luke FlanaganMarch 12, 2026
Oro cofounders from left: Sudhir Bhojwani, Lalitha Rajagopalan, and Yuan Tung.
Startups & VentureExclusive: Oro Labs, which uses AI to streamline corporate procurement, raises $100 million
By Jeremy KahnMarch 12, 2026
Asia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war
AsiaAsia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war
By Angelica AngMarch 11, 2026
picture of Bitcoin.
CryptoBitcoin outperforms gold and stocks since beginning of Iran war
By Carlos GarciaMarch 11, 2026
Trump gestures
EnergyTrump says the U.S. will open its first new oil refinery in nearly 50 years as the U.S. military avoids bombing Iran’s oil infrastructure
By Jacqueline MunisMarch 11, 2026
Personal loan vs. personal line of credit: Which is best?
Personal FinancePersonal loan vs. personal line of credit: Which is best?
By Joseph HostetlerMarch 11, 2026
When is a personal loan a good idea?
Personal FinanceWhen is a personal loan a good idea?
By Joseph HostetlerMarch 11, 2026
How much can I get from a personal loan?
Personal FinanceHow much can I get from a personal loan?
By Joseph HostetlerMarch 11, 2026
gas prices
EnergyTop economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years
By Jake AngeloMarch 11, 2026
Is it worth it to pay off a personal loan early?
Personal FinanceIs it worth it to pay off a personal loan early?
By Joseph HostetlerMarch 11, 2026
barrel
EnergyPlastics, fertilizers, clothing, medicines and electronics: $100-a-barrel oil has huge downstream consequences
By André O. Hudson and The ConversationMarch 11, 2026
A couple meeting with someone at a bank.
Personal FinanceDoes Capital One offer personal loans?
By Joseph HostetlerMarch 11, 2026
U.S. President Donald Trump speaks to the Republican Members Issues Conference at Trump National Doral Miami on March 9, 2026 in Doral, Florida.
EconomyIt’s thanks to Social Security wealth inequality isn’t even worse, Wharton economist says. Trump’s policies will push it to insolvency in 6 years
By Tristan BoveMarch 11, 2026
U.S. President Donald Trump speaks to the Republican Members Issues Conference at Trump National Doral Miami on March 9, 2026 in Doral, Florida.
EnergyThe fog of war is coming from inside the White House—and it cost oil markets $84 million in 10 minutes
By Eva RoytburgMarch 11, 2026
strait
Middle EastThe Strait of Hormuz isn’t totally closed. Meet the ‘shadow fleet’
By Charles Edward Gehrke and The ConversationMarch 11, 2026
donald trump
EconomyThe $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up
By Jake AngeloMarch 11, 2026
FILE - Fishermen work in front of oil tankers south of the Strait of Hormuz Jan. 19, 2012, offshore the town of Ras Al Khaimah in United Arab Emirates. (AP Photo/Kamran Jebreili, File)
EnergyThe IEA is releasing a record 400 million barrels of emergency oil. It may not be enough
By The Associated Press, Samuel Petrequin and Kirsten GrieshaberMarch 11, 2026
data centers
PoliticsVirginia’s starting to question whether its giant tax breaks for data centers are such a good idea
By Olivia Diaz, Marc Levy and The Associated PressMarch 11, 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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