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U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
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A Chinese Pink Floyd fan is giving Claude and Chat their own DeepSeek moment — an AI model just as good and half the price

Moonshot’s founder trained at Carnegie Mellon. Now his Kimi K3 model is beating U.S. giants at their own game — and making Silicon Valley sweat.

By Matt O'Brien and The Associated PressJuly 18, 2026
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
By Tatiana SatauaJuly 17, 2026
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
By Nicholas GordonJuly 17, 2026
xi
Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’
By Han Guan Ng, Chan Ho-Him and The Associated PressJuly 17, 2026
Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory
Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory
By Nicholas GordonJuly 16, 2026
tesla
Runaway Tesla that crashed into a grandmother’s living room was actually being steered by a human, investigators find
By Bernard Condon and The Associated PressJuly 16, 2026
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Latest stories from Fortune
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Politics
Trump monetizing his social media account is ‘odious’ and ‘brazen corruption’ — or an attempt to revive a 70% stock price crash since election
By Bernard Condon and The Associated PressJuly 18, 2026
bank
Banking
Citizens Bank drops links with private prison companies, citing ‘changed commercial circumstances’
By Ken Sweet and The Associated PressJuly 18, 2026
tourism
Travel & Leisure
‘They put 100% effort into looking after you’: Wary soccer fans stunned by a look at the real America, not the image they’ve been sold by the media
By Sarah Raza and The Associated PressJuly 18, 2026
dna
Law
‘My mind was just completely blown’: 2 families sue hospital after DNA proves their kids were switched at birth 38 years ago
By Mikella Schuettler, Thomas Peipert, Gene Johnson and The Associated PressJuly 18, 2026
Trump, Iran and Jimmy Carter — experts think it’s ‘dawning on him’ that he should have paid closer attention to history
Politics
Trump, Iran and Jimmy Carter — experts think it’s ‘dawning on him’ that he should have paid closer attention to history
By Will Weissert and The Associated PressJuly 18, 2026
Desalination plants, a vital source of Mideast drinking water, come under attack as renewed U.S.-Iran war escalates to target infrastructure
Energy
Desalination plants, a vital source of Mideast drinking water, come under attack as renewed U.S.-Iran war escalates to target infrastructure
By Jon Gambrell, Toqa Ezzidin and The Associated PressJuly 18, 2026
time
Commentary
It’s time to dump time zones
By Steve H. HankeJuly 18, 2026
Photo of David Solomon
Success
Goldman Sachs CEO says he’d hire someone ‘smart enough’ over the smartest person in the world because ultimately experience trumps brains
By Emma BurleighJuly 18, 2026
More AsiaPage 61 of 69
A blizzard threatens to put a chill on the Lunar New Year holiday—and on Beijing’s hopes of boosting the economy
Finance
A blizzard threatens to put a chill on the Lunar New Year holiday—and on Beijing’s hopes of boosting the economy
By Lionel LimJanuary 31, 2024
Toyota sits on top of the world’s car market for the fourth year running, but an array of safety scandals could threaten its brand
Finance
Toyota sits on top of the world’s car market for the fourth year running, but an array of safety scandals could threaten its brand
By Lionel LimJanuary 30, 2024
Saudi Arabia orders state oil giant Aramco to drop new drilling investment in major U-turn, sparking questions over demand peak
Finance
Saudi Arabia orders state oil giant Aramco to drop new drilling investment in major U-turn, sparking questions over demand peak
By Rakteem Katakey and BloombergJanuary 30, 2024
China’s ambassador to the U.S. accuses immigration officers of harassing Chinese students: ‘This is absolutely unacceptable’
Leadership
China’s ambassador to the U.S. accuses immigration officers of harassing Chinese students: ‘This is absolutely unacceptable’
By The Associated PressJanuary 30, 2024
a car in a showroom
Finance
BYD’s victory over Tesla may have come at a cost, as a lower-than-expected profit estimate pushes shares down almost 5%
By Lionel LimJanuary 30, 2024
Toyota is suspending the shipment of 10 vehicle models after it found problems with diesel engine tests
Tech
Toyota is suspending the shipment of 10 vehicle models after it found problems with diesel engine tests
By Supriya Singh and BloombergJanuary 29, 2024
Canon, best known for its cameras and printers, wants to undercut ASML and its $150 million chipmaking machines
Tech
Canon, best known for its cameras and printers, wants to undercut ASML and its $150 million chipmaking machines
By Lionel LimJanuary 29, 2024
Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court: ‘Enough is enough’
Finance
Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court: ‘Enough is enough’
By Lionel LimJanuary 28, 2024
India’s population speaks over 100 languages. Microsoft thinks AI can bridge its linguistic gaps
Tech
India’s population speaks over 100 languages. Microsoft thinks AI can bridge its linguistic gaps
By Nicholas GordonJanuary 27, 2024
Beijing is asking banks not to ‘blindly withdraw loans’ to China’s troubled real estate developers as Evergrande faces critical liquidation hearing
Finance
Beijing is asking banks not to ‘blindly withdraw loans’ to China’s troubled real estate developers as Evergrande faces critical liquidation hearing
By Nicholas GordonJanuary 26, 2024
OpenAI CEO Sam Altman is meeting the world’s top two producers of memory chips as he reportedly fundraises for his own semiconductor plants
Tech
OpenAI CEO Sam Altman is meeting the world’s top two producers of memory chips as he reportedly fundraises for his own semiconductor plants
By Yoolim Lee and BloombergJanuary 26, 2024
China will give its homegrown 737 competitor a global debut in Singapore as Boeing deals with its Alaska Airlines fallout
Tech
China will give its homegrown 737 competitor a global debut in Singapore as Boeing deals with its Alaska Airlines fallout
By Danny Lee, Siddharth Philip and BloombergJanuary 25, 2024
Tesla CEO Elon Musk says protectionism is the only thing stopping China’s cheap EVs from demolishing the competition
Leadership
Tesla CEO Elon Musk says protectionism is the only thing stopping China’s cheap EVs from demolishing the competition
By Lionel LimJanuary 25, 2024
Toyota’s chairman doubles down on his electric car skepticism, forecasting that EV adoption will peak at just 30%
Leadership
Toyota’s chairman doubles down on his electric car skepticism, forecasting that EV adoption will peak at just 30%
By Lionel LimJanuary 24, 2024
BYD senior exec taunts Musk that Tesla will lose market share and face challenges in its AI self-driving system
Tech
BYD senior exec taunts Musk that Tesla will lose market share and face challenges in its AI self-driving system
By Linda Lew and BloombergJanuary 24, 2024
Alibaba gains $13 billion in value after billionaire cofounders Jack Ma and Joe Tsai give ‘show of confidence’ by buying $200 million worth of shares
Leadership
Alibaba gains $13 billion in value after billionaire cofounders Jack Ma and Joe Tsai give ‘show of confidence’ by buying $200 million worth of shares
By Lionel LimJanuary 24, 2024
YouTube star MrBeast, fresh off his experiment with Elon Musk’s X, debuts on Chinese streaming platform Bilibili: ‘It’s going to be a fun ride’
Tech
YouTube star MrBeast, fresh off his experiment with Elon Musk’s X, debuts on Chinese streaming platform Bilibili: ‘It’s going to be a fun ride’
By Zheping Huang and BloombergJanuary 23, 2024
Japan’s Nippon Steel appeals to ‘an alliance that advances shared values’ between Washington and Tokyo as it tries to sell its $14B deal for U.S. Steel
Leadership
Japan’s Nippon Steel appeals to ‘an alliance that advances shared values’ between Washington and Tokyo as it tries to sell its $14B deal for U.S. Steel
By Nicholas GordonJanuary 23, 2024
India now has the world’s fourth biggest equity market as a historic four-year slump drags down Hong Kong
Finance
India now has the world’s fourth biggest equity market as a historic four-year slump drags down Hong Kong
By Ashutosh Joshi and BloombergJanuary 22, 2024
Iran is ‘directly involved’ in Houthi rebel ship attacks that are strangling world trade, U.S. Navy commander says
Finance
Iran is ‘directly involved’ in Houthi rebel ship attacks that are strangling world trade, U.S. Navy commander says
By Jon Gambrell and The Associated PressJanuary 22, 2024
The CEO behind China’s leading producer of EV batteries asks the Davos crowd to not let geopolitics get in the way of progress
Leadership
The CEO behind China’s leading producer of EV batteries asks the Davos crowd to not let geopolitics get in the way of progress
By Lionel LimJanuary 22, 2024
Nvidia CEO Jensen Huang made a quiet Lunar New Year’s trip to China as the almost $1.5 trillion chipmaker tries to navigate Biden’s chip controls
Tech
Nvidia CEO Jensen Huang made a quiet Lunar New Year’s trip to China as the almost $1.5 trillion chipmaker tries to navigate Biden’s chip controls
By BloombergJanuary 22, 2024
Chinese stocks have erased more than $6 trillion since a 2021 peak—and the selloff keeps getting uglier
Finance
Chinese stocks have erased more than $6 trillion since a 2021 peak—and the selloff keeps getting uglier
By Abhishek Vishnoi, Charlotte Yang and BloombergJanuary 20, 2024
Remember Motorola? Its Chinese owner wants it to be the world’s third-largest mobile brand by 2027
Tech
Remember Motorola? Its Chinese owner wants it to be the world’s third-largest mobile brand by 2027
By Lionel LimJanuary 19, 2024
BYD launches in Indonesia with new cars and a promised $1.3 billion factory as it continues its march to global EV dominance
Tech
BYD launches in Indonesia with new cars and a promised $1.3 billion factory as it continues its march to global EV dominance
By Lionel LimJanuary 19, 2024
Alaska Airlines’s faulty Boeing door plug was made in Malaysia—and that’s complicating investigations into why it ripped off mid-flight
Tech
Alaska Airlines’s faulty Boeing door plug was made in Malaysia—and that’s complicating investigations into why it ripped off mid-flight
By Nicholas GordonJanuary 18, 2024
China’s population continued its record plunge in 2023 as total falls 2.1m on COVID deaths and low birth rate
Leadership
China’s population continued its record plunge in 2023 as total falls 2.1m on COVID deaths and low birth rate
By BloombergJanuary 17, 2024
VinFast is turning its focus to its own backyard after the Vietnamese EV company fails to make a splash in the U.S.
Finance
VinFast is turning its focus to its own backyard after the Vietnamese EV company fails to make a splash in the U.S.
By Lionel LimJanuary 17, 2024
Apple offers a rare $70 discount on the iPhone 15 in China as competitors from Huawei and Honor eat into its market share
Tech
Apple offers a rare $70 discount on the iPhone 15 in China as competitors from Huawei and Honor eat into its market share
By Lionel LimJanuary 15, 2024
Hyundai will give U.S. EV buyers as much as $7,500 in cash bonuses to compete with domestic autos that qualify for tax credits
Tech
Hyundai will give U.S. EV buyers as much as $7,500 in cash bonuses to compete with domestic autos that qualify for tax credits
By Heejin Kim and BloombergJanuary 15, 2024
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Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran warplaceholder alt text
By Sasha RogelbergJuly 17, 2026
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FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’placeholder alt text
By Fortune EditorsJuly 15, 2026
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Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamationplaceholder alt text
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