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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

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

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.
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
Mortgage rates today, June 10, 2026
Mortgage rates today, June 10, 2026
By Glen Luke FlanaganJune 10, 2026
Current refi mortgage rates report for June 10, 2026
Current refi mortgage rates report for June 10, 2026
By Glen Luke FlanaganJune 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
Visa’s CFO downplays the importance of stablecoin and agentic commerce to the U.S. payments giant—at least in the short term
By Angelica AngJune 10, 2026
Current ARM mortgage rates report for June 10, 2026
Current ARM mortgage rates report for June 10, 2026
By Glen Luke FlanaganJune 10, 2026
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
By Shawn TullyJune 10, 2026
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Economy
More in Economy
Saudi economy redraws ambitions—‘going local’ is the new buzz phrase 
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
‘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
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 Economy
Banking
More in Banking
Top CD rates from major banks June 9, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
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
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 8, 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 8, 2026
AXA launches a new insurance and wealth platform for HNWIs as Hong Kong wealth surges past Switzerland

Hong Kong insurance policies have become a popular investment option for wealthy mainland Chinese.

By Nicholas GordonJune 8, 2026
More in Banking
Personal Finance
More in Personal Finance
Teenage boy on laptop
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
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 price of gold as of June 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 BakstJune 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 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
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
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
The Gulf states are betting big on AI: who’s investing where?
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
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
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
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
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
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
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
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
Kevin O'Leary wears a silver and black suit with a chain of basketball cards around his neck.
AIFrom the Trump administration to Kevin O’Leary, there’s a new narrative that China is to blame for plummeting data center popularity
By Sasha RogelbergJune 10, 2026
Health care’s AI dividend is real. The fight now is over who reaps the gains
NewslettersHealth care’s AI dividend is real. The fight now is over who reaps the gains
By Diane BradyJune 10, 2026
JB Straubel, co-founder of Tesla and founder and CEO of Redwood Materials, speaking at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Michael Faas/Fortune)
NewslettersWhy China is outpacing the U.S. power grid
By Andrew NuscaJune 10, 2026
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
More FinancePage 97 of 100
Pentagon says 7th U.S. service member has died in Mideast war after being injured in Iranian attack on Saudi Arabia
PoliticsPentagon says 7th U.S. service member has died in Mideast war after being injured in Iranian attack on Saudi Arabia
By The Associated PressMarch 8, 2026
  • Man in glass and a suit looking to the side.
    AIGoogle, Meta, and Oracle are on a $1 trillion borrowing spree and there will be ‘winners and losers in this environment,’ bond fund manager says
    By Amanda GerutMarch 7, 2026
Despite rising prices, Trump downplays need to tap Strategic Petroleum Reserve. ‘There’s a lot of oil out there. That’ll get healed very quickly’
EnergyDespite rising prices, Trump downplays need to tap Strategic Petroleum Reserve. ‘There’s a lot of oil out there. That’ll get healed very quickly’
By Wyatte Grantham-Philips, Cathy Bussewitz and The Associated PressMarch 8, 2026
Asia’s family offices and corporations must step up to replace a cash-strapped UN and fill the SDG funding gap
CommentaryAsia’s family offices and corporations must step up to replace a cash-strapped UN and fill the SDG funding gap
By Naina Subberwal BatraMarch 8, 2026
Here’s why childcare is getting more unaffordable, forcing families to make ‘heartbreaking choices’
EconomyHere’s why childcare is getting more unaffordable, forcing families to make ‘heartbreaking choices’
By Jason MaMarch 8, 2026
U.S. considers idea of special operation to seize Iran’s uranium
PoliticsU.S. considers idea of special operation to seize Iran’s uranium
By Jonathan Tirone, Donato Paolo Mancini, Josh Wingrove and BloombergMarch 8, 2026
Tehran engulfed in fire, smoke and acid rain following strikes
PoliticsTehran engulfed in fire, smoke and acid rain following strikes
By Golnar Motevalli, Arsalan Shahla and BloombergMarch 8, 2026
  • The unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong
    AIThe unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong
    By Shawn TullyMarch 7, 2026
Photo of burning gas flares at a refinery
Energy‘Nightmare scenario’ looms as global markets head for the biggest oil output disruption in history, top energy guru warns
By Jason MaMarch 8, 2026
Oil market chaos to deepen as more Gulf giants cut output
EnergyOil market chaos to deepen as more Gulf giants cut output
By Yongchang Chin and BloombergMarch 8, 2026
To justify a $1.5 trillion market cap after its IPO, SpaceX would need to earn more than Berkshire Hathaway. Here’s why that’s unlikely
InvestingTo justify a $1.5 trillion market cap after its IPO, SpaceX would need to earn more than Berkshire Hathaway. Here’s why that’s unlikely
By Shawn TullyMarch 8, 2026
Trump said the ‘economy is roaring’ but the job market has evaporated, soaring gas prices could boost inflation, and stocks have plunged
EconomyTrump said the ‘economy is roaring’ but the job market has evaporated, soaring gas prices could boost inflation, and stocks have plunged
By Josh Boak and The Associated PressMarch 8, 2026
The Persian Gulf’s ‘saltwater kingdoms’ rely so much on desalination that damage to the infrastructure could force evacuations
EnergyThe Persian Gulf’s ‘saltwater kingdoms’ rely so much on desalination that damage to the infrastructure could force evacuations
By Annika Hammerschlag and The Associated PressMarch 8, 2026
  • An explosion in Tehran.
    EnergyOil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response
    By Jordan BlumMarch 7, 2026
Mideast’s water supply at risk as Bahrain and Iran say their desalination plants were attacked amid expanding war
PoliticsMideast’s water supply at risk as Bahrain and Iran say their desalination plants were attacked amid expanding war
By Jon Gambrell, Sam Metz, Kareem Chehayeb and The Associated PressMarch 8, 2026
Joseph Stiglitz says buckle up before the great AI ‘reallocation’ era arrives
AIJoseph Stiglitz says buckle up before the great AI ‘reallocation’ era arrives
By Catherina GioinoMarch 8, 2026
taylor
BankingThe hidden economy deciding who gets into your favorite concert, restaurant, and theme park
By Nick LichtenbergMarch 8, 2026
Asana’s new CEO says getting a job in Silicon Valley isn’t harder for Gen Z than it was for him—he shares his alternative ‘donut box’ hack for getting hired
SuccessAsana’s new CEO says getting a job in Silicon Valley isn’t harder for Gen Z than it was for him—he shares his alternative ‘donut box’ hack for getting hired
By Orianna Rosa RoyleMarch 8, 2026
Iran sends conflicting signals on war, highlighting split between leaders looking to de-escalate vs. hard-liners bent on fighting the U.S. and Israel
PoliticsIran sends conflicting signals on war, highlighting split between leaders looking to de-escalate vs. hard-liners bent on fighting the U.S. and Israel
By Jon Gambrell, Sam Mednick, Samy Magdy and The Associated PressMarch 7, 2026
UAE and Kuwait start oil output cuts after Hormuz blockage
EnergyUAE and Kuwait start oil output cuts after Hormuz blockage
By Fiona MacDonald, Anthony Di Paola and BloombergMarch 7, 2026
Forget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
EnergyForget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
By Jason MaMarch 7, 2026
The U.S. is sending an AI-powered anti-drone system to the Mideast as response to countering Iran’s Shahed has been ‘disappointing’
PoliticsThe U.S. is sending an AI-powered anti-drone system to the Mideast as response to countering Iran’s Shahed has been ‘disappointing’
By Emma Burrows and The Associated PressMarch 7, 2026
Peter Thiel warned AI is coming for ‘math people before word people.’ Banks have already said smaller headcounts are possible
BankingPeter Thiel warned AI is coming for ‘math people before word people.’ Banks have already said smaller headcounts are possible
By Jason MaMarch 7, 2026
Saudi Arabia intensifies engagement with Iran to defuse war
PoliticsSaudi Arabia intensifies engagement with Iran to defuse war
By Donato Paolo Mancini, Fiona MacDonald, Samy Adghirni, Sam Dagher and BloombergMarch 7, 2026
Trump says U.S. may target new parts of Iran in escalating war
PoliticsTrump says U.S. may target new parts of Iran in escalating war
By Arsalan Shahla, Kateryna Kadabashy and BloombergMarch 7, 2026
Regular gasoline is now $3.41 a gallon, up 43 cents since Trump launched his war on Iran, as oil prices soar 36% from a week ago
EnergyRegular gasoline is now $3.41 a gallon, up 43 cents since Trump launched his war on Iran, as oil prices soar 36% from a week ago
By Cathy Bussewitz and The Associated PressMarch 7, 2026
As Trump says military has plenty of munitions for Iran war, Democrats point out U.S. didn’t give Ukraine more interceptors because of low supply
PoliticsAs Trump says military has plenty of munitions for Iran war, Democrats point out U.S. didn’t give Ukraine more interceptors because of low supply
By Ben Finley and The Associated PressMarch 7, 2026
With little or no help from the U.S. government, Americans stranded in the Mideast used WhatsApp and social media to figure out how to get home
PoliticsWith little or no help from the U.S. government, Americans stranded in the Mideast used WhatsApp and social media to figure out how to get home
By Hallie Golden, Rio Yamat, Michael Casey and The Associated PressMarch 7, 2026
Photo of Vinod Khosla
Startups & VentureBillionaire OpenAI investor Vinod Khosla predicts how awesome life could be in 2040—even if AI wipes out colleges and jobs
By Fortune EditorsMarch 7, 2026
A boy sits at a cluttered desk with headphones on, looking at an iPad.
RetailGen Alpha’s economic influence is ‘enormous’—From side hustles and bankrolling from their parents, they’ve surpassed $100 billion in spending power
By Sasha RogelbergMarch 7, 2026
herrick
CommentaryI’ve been advising wealthy family offices on real estate for decades. This market requires another look at your 100-year plan
By Belinda G. SchwartzMarch 7, 2026
the grind
AIAI seems to turn Marxist after overwork, top researchers find: ‘Society needs radical restructuring’
By Nick LichtenbergMarch 7, 2026
Brandon Lutnick, chairman of Cantor Fitzgerald, sits in a white chair wearing a suit and speaking.
BankingMeet the quiet winners of the Supreme Court tariff ruling: hedge funds creating a $100 billion market snapping up rights to importers’ tariff refunds
By Sasha RogelbergMarch 7, 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
Success
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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