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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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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.

The supertanker tycoon making millions on Hormuz shuttle runs

The supertanker tycoon making millions on Hormuz shuttle runs

Ga-Hyun Chung, an intensely private Korean shipping tycoon, rocked the tanker industry early this year as his Sinokor Group embarked on an unprecedented buying spree.

By Weilun Soon, Alex Longley, Anthony Di Paola and BloombergJuly 5, 2026

The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns

The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns

By Jason MaJuly 5, 2026

Oil, gas tankers cross Hormuz via Oman-side route after U-turns

Oil, gas tankers cross Hormuz via Oman-side route after U-turns

By Weilun Soon, Paul Burkhardt and BloombergJuly 5, 2026

As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer

As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer

By Mae Anderson and The Associated PressJuly 5, 2026

France’s richest man Arnault hit with €22 million tax assessment

France’s richest man Arnault hit with €22 million tax assessment

By Claudia Cohen and BloombergJuly 5, 2026

SK Hynix seeks access to AI investors in $29 billion U.S. listing

SK Hynix seeks access to AI investors in $29 billion U.S. listing

By Bailey Lipschultz, Jeran Wittenstein, Yiqin Shen and BloombergJuly 5, 2026

More in Economy

America’s entrepreneurial boom begins long before venture capital

Latino-owned businesses added 180,000 net new firms between 2017 and 2023 while white-owned firms declined — and the talent pipeline behind that growth runs through Minority-Serving Institutions now facing funding uncertainty.

By Anthony HernandezJuly 5, 2026

Russia’s fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — ‘Are we in the Soviet Union?’

Energy analysts have estimated that 25% or more of Russia’s oil refining capacity has been taken offline by Ukraine’s drone attacks.

By Jason MaJuly 4, 2026

Iran’s envoy to China says Beijing to get Hormuz concessions

China, which buys almost all of Iran’s oil exports, on Friday called for the unhindered flow of shipping through the Strait of Hormuz.

By BloombergJuly 4, 2026

U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower

Hamilton recognized how debt can unlock resources that could transform the young republic. But first he had to untangle the mess created by the Revolutionary War.

By Jason MaJuly 4, 2026

More in Economy

More in Banking

JPMorgan built a pipeline of female CEO candidates that was the envy of Wall Street. How did it fall apart?

JPMorgan built a pipeline of female CEO candidates that was the envy of Wall Street. How did it fall apart?

Marianne Lake’s retirement from JPMorgan marked the end of the bank’s chance to elevate a woman to one of the world’s top jobs.

By Emma HinchliffeJuly 4, 2026

Trump is already causing a headache for his new Fed chairman, saying the central bank’s board is ‘hostile’ and ‘doing the wrong thing’

Trump claimed the board is “a little hostile” toward new Fed Chairman Warsh.

By Eleanor PringleJuly 3, 2026

The top high-yield savings rates: Up to 4.50% on July 3, 2026

Check out the highest savings account rates available on May 8, 2026. Some high-yield savings accounts are still offering rates around 5%.

By Glen Luke FlanaganJuly 3, 2026

A $75 billion valuation, 75 million global customers and on its way to America—Revolut is London’s disruptor extraordinaire

Investors are betting big on Revolut. Valued at $75bn in its latest fundraising round, the fintech is targeting a $200bn-plus IPO with backing from Nvidia and SoftBank

By Kamal AhmedJuly 3, 2026

More in Banking

Personal Finance

More in Personal Finance

Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice

Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice

Money contributed to Trump Accounts at launch will be put in the State Street SPDR Portfolio S&P 500 ETF as an initial default investment.

By Jason MaJuly 4, 2026

A quarter of young baby boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work

Just as financial pressure peaks, many Gen Xers are finding themselves overlooked, underpaid, and edged out.

By Emma BurleighJuly 4, 2026

YouTube’s founders split over $650 million when they sold to Google in 2006—had they held out, they could have taken a slice of $550 billion

YouTube’s cofounders could all be part of the billionaire club alongside Google’s Sundar Pichai had they kept the business: It’s grown some 333x since they cashed out.

By Preston ForeJuly 3, 2026

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

Donations from individuals hit $394B last year, but a 17% rise in bequests points to a shift in philanthropy driven by the Great Wealth Transfer.

By Preston ForeJuly 4, 2026

More in Personal Finance

More in Investing

Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI

Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI

O’Leary says young entrepreneurs shouldn’t chase flashy AI, they should instead try to build its backbone.

By Marco Quiroz-GutierrezJuly 5, 2026

Elon Musk can’t sell a single SpaceX share for a year—and then all the locks crack open at once

The rocket maker’s gated stock-sale structure is designed to keep billions of shares from cratering the stock price.

By Amanda GerutJuly 3, 2026

Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter

The Big Short investor calls Caterpillar one of the market’s most overvalued AI trades—but an analyst argues the rally reflects a real structural shift.

By Marco Quiroz-GutierrezJuly 2, 2026

Global stocks stage a rally as American markets take the day off

Risk on!

By Elaine Kurtenbach and The Associated PressJuly 3, 2026

More in Investing

More in Real Estate

Woman sitting in front of her house

Airbnb offered $750 to Americans to open up their homes during the World Cup—mostly women took it up and now they’re earning thousands

The average host short-term rental host will get a $3,000 payday for renting out their space during the World Cup. Women are jumping on the opportunity.

By Emma BurleighJuly 3, 2026

Mortgage rates today, July 3, 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 FlanaganJuly 3, 2026

Current ARM mortgage rates report for July 3, 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 FlanaganJuly 3, 2026

Current refi mortgage rates report for July 3, 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 FlanaganJuly 3, 2026

More in Real Estate

Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’

Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’

Ukrainian President Volodymyr Zelenskyy described the attack as part of Ukraine’s “long-range sanctions” against Russia.

By The Associated PressJuly 4, 2026

How a third-generation Texas oilman transformed an organic farming company into a leading advanced nuclear startup at a small Christian college

See inside the race to scale up next-gen nuclear to power the AI data center boom.

By Jordan BlumJuly 4, 2026

A 2-year taste of the office was enough to make 3 grads quit. Now they run a $13.2 billion investment firm: ‘We didn’t want a traditional job again’

The trio quit their grad scheme with $25K and no business plan to found Octopus Group, the firm behind Octopus Energy: “Everyone thought we were mad.”

By Orianna Rosa RoyleJuly 2, 2026

Russians live with fuel shortages and rationing as Putin insists the war against Ukraine will go on

Ukraine has struck more than 50 oil refining sites in Russia but Putin presses on.

By The Associated PressJuly 3, 2026

‘I AM SETTING THEM ALL FREE, RIGHT NOW!’ Trump’s pre-July 4 Friday news dump included pardons for 11 people including ex-Abramoff partner

Buried in Friday’s pardon list: a Jack Abramoff-era fraudster who later threw a fundraiser at Mar-a-Lago — now a free man.

By Michelle L. Price and The Associated PressJuly 4, 2026

‘We are in a new era’: Trump’s bombshell $2.2 billion income haul, the ‘Big Player Theory’ and what happens when the president becomes the bubble

In the age of artificial intelligence, Syracuse University’s Robert Koppl, progenitor of “big player theory,” told Fortune, we have “augmented ignorance.”

By Nick LichtenbergJuly 3, 2026

Former Iran director at NSC: Crypto legislation is a ticket to sanctions evasion

As the Senate weighs the CLARITY Act, gaps in oversight could hand adversaries new ways to evade sanctions and launder money.

By Richard NephewJuly 2, 2026

Securitize is latest crypto company to go public as BlackRock-backed firm sees stock jump 3% on debut

The company raised $400 million after merging with a special-purpose acquisition vehicle on Thursday.

By Camila Grigera NaónJuly 2, 2026

Latest Stories

After a nearly 800% explosion, this AI stock’s U.S. debut could signal if the market can still boom—or is headed for a bust

After a nearly 800% explosion, this AI stock’s U.S. debut could signal if the market can still boom—or is headed for a bust

By Jason MaJuly 5, 2026

Humanoid robot holding soccer ball.

Meet the soccer-playing humanoid robot that just delivered the game ball at the Brazil v. Norway FIFA World Cup match

By Catherina GioinoJuly 5, 2026

FIFA allows U.S. star Balogun to play Belgium despite red card

FIFA allows U.S. star Balogun to play Belgium despite red card

By Yash Roy, Maria Paula Mijares Torres and BloombergJuly 5, 2026

Alibaba gets reprieve on lobbying ban tied to DoD blacklist

Alibaba gets reprieve on lobbying ban tied to DoD blacklist

By Kate O'Keeffe and BloombergJuly 5, 2026

Nvidia supplier Hon Hai’s sales beat on continued AI demand

Nvidia supplier Hon Hai’s sales beat on continued AI demand

By Debby Wu and BloombergJuly 5, 2026

Seventh film in animated franchise beats the fifth installment of another cartoon juggernaut at the box office

Arts & Entertainment

Seventh film in animated franchise beats the fifth installment of another cartoon juggernaut at the box office

By The Associated PressJuly 5, 2026

The Trump administration will use the same company that tried to renovate the Reflecting Pool to repair it — ‘because they did a fantastic job’

The Trump administration will use the same company that tried to renovate the Reflecting Pool to repair it — ‘because they did a fantastic job’

By Steve Peoples and The Associated PressJuly 5, 2026

Investment firm’s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners

Investment firm’s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners

By Jason MaJuly 5, 2026

More FinancePage 93 of 100

Saudi pipeline to bypass Hormuz hits 7 million barrel goal

Saudi pipeline to bypass Hormuz hits 7 million barrel goal

By Emma Ross-Thomas and BloombergMarch 28, 2026

Personal Finance
Current price of gold as of March 27, 2026
By Danny BakstMarch 27, 2026

There are now nearly 50% more home sellers than buyers as mismatch widens to a record 630,000. But it’s only a buyer’s market if you can afford it

There are now nearly 50% more home sellers than buyers as mismatch widens to a record 630,000. But it’s only a buyer’s market if you can afford it

By Jason MaMarch 28, 2026

French authorities open terrorism probe after police thwart a suspected bombing outside a Bank of America building in Paris

French authorities open terrorism probe after police thwart a suspected bombing outside a Bank of America building in Paris

By The Associated PressMarch 28, 2026

Dollar dominance is reinforced by the global oil trade, but the Iran war could give rise to the ‘petroyuan’ as the U.S. security shield weakens

Dollar dominance is reinforced by the global oil trade, but the Iran war could give rise to the ‘petroyuan’ as the U.S. security shield weakens

By Jason MaMarch 28, 2026

Ukraine looks to leverage its help to Arab Gulf states fighting off Iranian drones in exchange for interceptors against Russian missiles

Ukraine looks to leverage its help to Arab Gulf states fighting off Iranian drones in exchange for interceptors against Russian missiles

By Volodymyr Yurchuk and The Associated PressMarch 28, 2026

Actors union is bargaining for ‘Tilly tax’ on AI film characters

Actors union is bargaining for ‘Tilly tax’ on AI film characters

By Victor Swezey and BloombergMarch 28, 2026

Personal Finance
Top CD rates from major banks on March 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMarch 27, 2026

Iranian attack on Saudi base injures at least 15 U.S. troops while 2,500 Marines arrive in the Mideast ahead of Trump’s new Hormuz deadline

Iranian attack on Saudi base injures at least 15 U.S. troops while 2,500 Marines arrive in the Mideast ahead of Trump’s new Hormuz deadline

By Aamer Madhani, Samy Magdy, Ben Finley and The Associated PressMarch 28, 2026

U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. ‘The bond market remains undefeated’

U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. ‘The bond market remains undefeated’

By Jason MaMarch 28, 2026

Airbnbs are topping $6,000 a night in World Cup housing frenzy

Travel & Leisure

Airbnbs are topping $6,000 a night in World Cup housing frenzy

By Maya Davis, Brandon Sapienza and BloombergMarch 28, 2026

‘Airport Dad’ faces reckoning amid long lines as travelers told not to arrive too early: ’90 minutes before departure is all you need’

‘Airport Dad’ faces reckoning amid long lines as travelers told not to arrive too early: ’90 minutes before departure is all you need’

By John Seewer and The Associated PressMarch 28, 2026

Biden’s Build America, Buy America law spurs affordable housing bottleneck as Trump’s federal staffing cuts slow waiver approvals

Biden’s Build America, Buy America law spurs affordable housing bottleneck as Trump’s federal staffing cuts slow waiver approvals

By Charlotte Kramon and The Associated PressMarch 28, 2026

Personal Finance
Current price of Ethereum for March 27, 2026
By Joseph HostetlerMarch 27, 2026

As fuel prices soar on Iran war, some lawmakers push to suspend federal gas tax that pays for highway and public transit programs

As fuel prices soar on Iran war, some lawmakers push to suspend federal gas tax that pays for highway and public transit programs

By Matthew Daly and The Associated PressMarch 28, 2026

Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal

Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal

By Samy Magdy, Aamer Madhani, Jon Gambrell and The Associated PressMarch 28, 2026

The stay-at-home boyfriend is now an economic trend as more women than men go to work

The stay-at-home boyfriend is now an economic trend as more women than men go to work

By Catherina GioinoMarch 28, 2026

rick

Meet a 29-year-old blue-collar founder who used AI to triple his revenue in 3 years

By Nick LichtenbergMarch 28, 2026

tomas

Former Trump advisor: ‘Conservatives’ risk killing America’s golden goose by taxing university research

By Tomas J. PhilipsonMarch 28, 2026

hormuz

Iran’s Hormuz toll booth points toward an L-shaped price plateau, not the V-shaped recovery traders want

By Siddharth MisraMarch 28, 2026

barlow

Data centers aren’t breaking the grid. A broken grid is

By Brian BarlowMarch 28, 2026

As Gen Z and millennials regret ‘worthless’ degrees, this CEO sent her kid to college in London—and she’s saving over $50K-a-year. ‘It’s half the price’

As Gen Z and millennials regret ‘worthless’ degrees, this CEO sent her kid to college in London—and she’s saving over $50K-a-year. ‘It’s half the price’

By Orianna Rosa RoyleMarch 28, 2026

Wael Sawan, chief executive officer of Shell Plc, at the CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 24, 2026. The event convenes more than 11,000 participants from over 2,350 companies across 90 countries for dialogue on the agenda ahead as the world enters a new era of energy transition. Photographer: F. Carter Smith/Bloomberg via Getty Images

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

By Jordan BlumMarch 28, 2026

Meta's Hyperion data-center site in Northeastern Louisiana.

Meta orders 10 gas-fired power plants for its Hyperion AI campus in rural Louisiana—more than triple the initial plan

By Jordan BlumMarch 27, 2026

Buying gold vs. Bitcoin: Comparing two different asset types

Personal Finance

Buying gold vs. Bitcoin: Comparing two different asset types

By Joseph HostetlerMarch 27, 2026

donald trump

Trump moves to shield farmers rattled by tariffs and war. But the U.S. is already doling out $10B to near-millionaire and even billionaire farmers

By Jake AngeloMarch 27, 2026

Israel strikes Iran’s nuclear facilities as Tehran vows retaliation ‘will no longer be an eye for an eye’

Israel strikes Iran’s nuclear facilities as Tehran vows retaliation ‘will no longer be an eye for an eye’

By Jon Gambrell, David Rising and The Associated PressMarch 27, 2026

The Army and Amazon are creating an online storefront to buy drones as the technology transforms the battlefield

The Army and Amazon are creating an online storefront to buy drones as the technology transforms the battlefield

By Jason MaMarch 27, 2026

Affordable housing is stuck in limbo thanks to a ‘Made in USA’ law that nobody can figure out how to follow

Affordable housing is stuck in limbo thanks to a ‘Made in USA’ law that nobody can figure out how to follow

By Charlotte Kramon and The Associated PressMarch 27, 2026

The Iran war could drag into 2027, analyst warns. The economic fallout is just getting started

The Iran war could drag into 2027, analyst warns. The economic fallout is just getting started

By Jason MaMarch 27, 2026

U.S. President Donald Trump reacts during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC.

The big stock market correction that Trump can’t talk his way out of is official

By Eva RoytburgMarch 27, 2026

Crypto is entering its ‘collared-shirt’ era says Andreessen Horowitz partner Guy Wuollet

Crypto is entering its ‘collared-shirt’ era says Andreessen Horowitz partner Guy Wuollet

By Jeff John RobertsMarch 27, 2026

Worker welding on a ship

This AI-proof career faces a 250,000-worker shortage—now the Trump administration is trying to revive the job millennials abandoned

By Preston ForeMarch 27, 2026

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Most Popular

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

placeholder alt text

By Preston ForeJuly 4, 2026

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

placeholder alt text

By Marco Quiroz-GutierrezJuly 5, 2026

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

placeholder alt text

By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026

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