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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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xi
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 64 of 69
Gary Cohn, Omar Al Olama
Politics
World’s first AI minister likens risk of overregulation to calligraphers that kept the printing press out of the Middle East for nearly 200 years
By Christiaan HetznerNovember 28, 2023
Netflix’s biggest rival in Japan was created by a secretive billionaire whose father nearly destroyed the company in a telecom scandal
Leadership
Netflix’s biggest rival in Japan was created by a secretive billionaire whose father nearly destroyed the company in a telecom scandal
By Min Jeong Lee, Yoojung Lee, Yasutaka Tamura and BloombergNovember 28, 2023
UAE’s COP28 president reportedly lobbied for fossil fuel interests at climate meetings
Environment
UAE’s COP28 president reportedly lobbied for fossil fuel interests at climate meetings
By Laura Millan, Maria Tadeo and BloombergNovember 28, 2023
Buzzy fast-fashion retailer Shein, believed to exceed Zara and H&M in U.S. sales, files confidentially for an IPO
Retail
Buzzy fast-fashion retailer Shein, believed to exceed Zara and H&M in U.S. sales, files confidentially for an IPO
By Matthew Monks, Olivia Rockeman and BloombergNovember 27, 2023
Late 2023 recession off a ‘classic policy-led boom-bust cycle’ is already happening, Deutsche Bank says—but AI is changing the game a bit
Finance
Late 2023 recession off a ‘classic policy-led boom-bust cycle’ is already happening, Deutsche Bank says—but AI is changing the game a bit
By Will DanielNovember 27, 2023
Jack Ma, the founder of Alibaba
Asia
Fallen Alibaba billionaire Jack Ma just filed an application for a $1.4m business. It looks like it has to do with farm food
By Eleanor PringleNovember 27, 2023
Tesla CEO Elon Musk
Politics
Elon Musk travels to Israel in show of solidarity as X owner seeks to dispel allegations he’s anti-Semitic
By Christiaan HetznerNovember 27, 2023
The MediaTek stand on day three of the Mobile World Congress the telecom industry's biggest annual gathering at the Fira de Barcelona in March 2023.
Retail
Taiwan tech firm’s stock soars 40% on booming demand for smartphones and its new AI chip—leaving U.S. rival Qualcomm behind
By Charlotte Yang and BloombergNovember 27, 2023
China tells the WHO that known germs—not a new novel virus like COVID-19—are behind surge in kids’ pneumonia
Health
China tells the WHO that known germs—not a new novel virus like COVID-19—are behind surge in kids’ pneumonia
By BloombergNovember 24, 2023
China’s real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country’s largest shadow banks
Asia
China’s real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country’s largest shadow banks
By Lionel LimNovember 24, 2023
Taiwan opposition’s hopes for a unity ticket fall apart hours before the registration deadline, shaking up the race ahead of January’s election
Asia
Taiwan opposition’s hopes for a unity ticket fall apart hours before the registration deadline, shaking up the race ahead of January’s election
By Lionel LimNovember 23, 2023
Japan’s new tallest skyscraper is also fat—sprawling enough to fit the mixed-use demands of post-COVID city life
Asia
Japan’s new tallest skyscraper is also fat—sprawling enough to fit the mixed-use demands of post-COVID city life
By Nicholas GordonNovember 23, 2023
Baidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI
Tech
Baidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI
By Lionel LimNovember 22, 2023
Nvidia warns that sales to destinations like China, the target of Biden’s chip controls, will ‘decline significantly’
Tech
Nvidia warns that sales to destinations like China, the target of Biden’s chip controls, will ‘decline significantly’
By Ian King and BloombergNovember 21, 2023
Saudi crown prince Mohammed bin Salman
Finance
Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?
By Christiaan HetznerNovember 21, 2023
Shawn Fain
Leadership
The UAW scores another raise for non-union members as Nissan gives a 10% raise to 9,000 American factory workers
By Keith Naughton and BloombergNovember 20, 2023
Rejecting the season-to-season model is why Lululemon can keep innovating, says CEO Calvin McDonald
Conferences
Rejecting the season-to-season model is why Lululemon can keep innovating, says CEO Calvin McDonald
By Lionel LimNovember 20, 2023
Hong Kong Disneyland just opened first ‘Frozen’ attraction as part of Disney’s $60bn theme park and cruise expansion
Finance
Hong Kong Disneyland just opened first ‘Frozen’ attraction as part of Disney’s $60bn theme park and cruise expansion
By Zen Soo and The Associated PressNovember 20, 2023
Australia’s second-largest telco loses its CEO after a network outage that hit almost 40% of the country’s population
Asia
Australia’s second-largest telco loses its CEO after a network outage that hit almost 40% of the country’s population
By Lionel LimNovember 20, 2023
Biden tells Asia-Pacific leaders ‘we’re not going anywhere’ as U.S. looks to build economic ties—and ‘de-risk’ from China
Finance
Biden tells Asia-Pacific leaders ‘we’re not going anywhere’ as U.S. looks to build economic ties—and ‘de-risk’ from China
By Colleen Long, Aamer Madhani and The Associated PressNovember 17, 2023
A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba’s market cap
Tech
A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba’s market cap
By Lionel LimNovember 17, 2023
Xi Jinping
Leadership
Xi’s dinner message for Elon Musk, Tim Cook and Ray Dalio: China ‘will not fight a cold war or a hot war with anyone’
By Michael Martina and ReutersNovember 16, 2023
Panda bear
Asia
The White House is glad Xi is even thinking about returning pandas to U.S. zoos: ‘We would absolutely welcome them back’
By ReutersNovember 16, 2023
Atsushi Osaki
Success
The UAW won a raise for more non-union workers as Subaru agrees to hike pay for all U.S. plant workers
By Abhirup Roy and ReutersNovember 16, 2023
Don’t listen to the gloomy headlines: A new generation of Bay Area innovators is about to soar
Commentary
Don’t listen to the gloomy headlines: A new generation of Bay Area innovators is about to soar
By Bob FisherNovember 16, 2023
Xi, Biden
Leadership
‘Planet Earth is big enough for the 2 countries to succeed’: Xi and Biden shake hands, talk for 4 hours and strike a hopeful tone
By Christopher Bodeen and The Associated PressNovember 16, 2023
Xi, Biden
Leadership
Xi and Biden aren’t just meeting with each other in San Francisco—They’re both talking to the world’s biggest CEOs, too
By Colleen Long, Aamer Madhani and The Associated PressNovember 16, 2023
U.S. President Joe Biden and Chinese President Xi Jinping shaking hands
Politics
How Biden and Xi, who go back 12 years to when they were both vice presidents, got to a yes on pandas and many other things
By Chris Megerian, Zeke Miller and The Associated PressNovember 16, 2023
IKEA focuses on the little things when localizing products to new markets—like mattress stiffness
Conferences
IKEA focuses on the little things when localizing products to new markets—like mattress stiffness
By Nicholas GordonNovember 16, 2023
Chinese corporate leaders worry a push to have babies could hurt gender equality: ‘If someone has to sacrifice in the family, it’s always the woman’
Conferences
Chinese corporate leaders worry a push to have babies could hurt gender equality: ‘If someone has to sacrifice in the family, it’s always the woman’
By Lionel LimNovember 16, 2023
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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
C-Suite
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
Law
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
By Marco Quiroz-GutierrezJuly 17, 2026
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