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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

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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’

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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 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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Asia

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

Lower costs and open-source availability are prompting some companies to experiment with Chinese AI models, even as security concerns remain.

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
Donald Trump looks at Xi Jinping and puts a hand on his arm.
Trump has tried to decouple from China, but ending U.S. reliance on the country would cost America nearly $14 trillion, EY warns
By Sasha RogelbergJuly 16, 2026
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Latest stories from Fortune
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
Backstabbing is the new office norm: Gen Z and millennials are blame-shifting, snitching, and setting others up to fail—but so are managers
Success
Backstabbing is the new office norm: Gen Z and millennials are blame-shifting, snitching, and setting others up to fail—but so are managers
By Orianna Rosa RoyleJuly 18, 2026
Landon Donovan, wearing a suit and holding a microphone, smiles.
Success
U.S. soccer star Landon Donovan was raised by a single mom and said he wouldn’t break though today because youth sports have gotten too expensive
By Sasha RogelbergJuly 18, 2026
ives
Banking
‘I’m an example of what I’ve preached’: Dan Ives knows AI has a ‘PR problem’ but it led to his massive career change after 25 years on Wall Street
By Nick LichtenbergJuly 18, 2026
pt
Politics
Peter Thiel just gave the public its closest look yet at his ‘Antichrist’ theory—and it’s a tech and climate regulator
By Nick LichtenbergJuly 18, 2026
Svenja Gudell, Chief Economist, Indeed
Commentary
Indeed chief economist: Aging Baby Boomers are America’s real labor problem, not AI
By Svenja GudellJuly 18, 2026
Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran
Energy
Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran
By Jordan BlumJuly 18, 2026
SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’
Investing
SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’
By Shawn TullyJuly 18, 2026
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Elon Musk and Satya Nadella are among the CEOs lining up for face time with China’s Xi, APEC’s biggest business kingmaker
Asia
Elon Musk and Satya Nadella are among the CEOs lining up for face time with China’s Xi, APEC’s biggest business kingmaker
By Thomas Black, Dina Bass and BloombergNovember 14, 2023
India's industry minister Piyush Goyal wished Tesla CEO Elon Musk a 'speedy recovery'
Politics
Elon Musk cryptically wished a ‘speedy recovery’ by Narendra Modi official after Tesla CEO misses key meeting over India factory
By Christiaan HetznerNovember 14, 2023
India is nearing China as the U.S.’s largest source of international students, as enrolment comes close to pre-pandemic levels
Asia
India is nearing China as the U.S.’s largest source of international students, as enrolment comes close to pre-pandemic levels
By Lionel LimNovember 14, 2023
U.S. President Joe Biden and Indonesian President Joko Widodo shake hands
Leadership
Biden to host Indonesian president at the White House to discuss EVs, the Middle East, bonds between 2 of the world’s 3 largest democracies
By Chris Megerian and The Associated PressNovember 13, 2023
Indian prime minister Narendra Modi
Companies
Elon Musk wants India to drop EV import tariffs before he opens a factory there. PM Narendra Modi may give him what he wants 
By Christiaan HetznerNovember 13, 2023
Alibaba and JD’s decision to withhold Singles Day data punctures last chance to see a China consumption revival this year
Asia
Alibaba and JD’s decision to withhold Singles Day data punctures last chance to see a China consumption revival this year
By Lionel LimNovember 13, 2023
Workers issue nickel ore in the furnace process .
Asia
Electric-vehicle batteries need nickel, and Indonesia has the biggest reserves. Now it wants a partnership with U.S., and the Biden admin is listening
By Trevor Hunnicutt, Ernest Scheyder and ReutersNovember 12, 2023
China’s Singles Day festival wraps up with $156B in estimated sales, Alibaba and JD.com reporting growth amid low expectations
Asia
China’s Singles Day festival wraps up with $156B in estimated sales, Alibaba and JD.com reporting growth amid low expectations
By Casey Hall and ReutersNovember 12, 2023
Why a group of ‘everyday people’ in Iowa have been invited to dinner by Chinese president Xi Jinping: ‘We’re eager to meet with him’
Asia
Why a group of ‘everyday people’ in Iowa have been invited to dinner by Chinese president Xi Jinping: ‘We’re eager to meet with him’
By Jennifer Jacobs and BloombergNovember 11, 2023
Joe Biden
Environment
Bidenomics is actually the unholy offspring of Trumpism and big government, and it’s a disaster, says ‘money doctor’ Steve Hanke
By Shawn TullyNovember 11, 2023
Biden must decide whether patent-infringing Apple watches can be imported into the U.S. from China by Christmas–but Congress could neuter America’s ability to protect its IP altogether
Commentary
Biden must decide whether patent-infringing Apple watches can be imported into the U.S. from China by Christmas–but Congress could neuter America’s ability to protect its IP altogether
By Andrei Iancu and David J. KapposNovember 10, 2023
Suspected Russian hackers disrupted the market in U.S. Treasuries by attacking China’s—and the world’s—largest bank
Finance
Suspected Russian hackers disrupted the market in U.S. Treasuries by attacking China’s—and the world’s—largest bank
By Lionel LimNovember 10, 2023
The architect behind Shanghai’s stylish shopping district and Soldier Field’s controversial redesign wants to end the ’50 Shades of Grey’ in today’s cities
Asia
The architect behind Shanghai’s stylish shopping district and Soldier Field’s controversial redesign wants to end the ’50 Shades of Grey’ in today’s cities
By Nicholas GordonNovember 9, 2023
China’s export restrictions on critical minerals are threatening the viability of EV makers–and forcing them to innovate
Commentary
China’s export restrictions on critical minerals are threatening the viability of EV makers–and forcing them to innovate
By Gene BerdichevskyNovember 9, 2023
Ingka Group CEO Jesper Brodin says there’s no ‘middle way’ on China—and you can’t suddenly de-risk ‘if you invest like we do’
Retail
Ingka Group CEO Jesper Brodin says there’s no ‘middle way’ on China—and you can’t suddenly de-risk ‘if you invest like we do’
By Lionel LimNovember 9, 2023
Panda bear
Asia
China just recalled 3 panda bears from DC’s National Zoo, ending 50 years of history
By Ashraf Khalil and The Associated PressNovember 8, 2023
The CEO behind Indonesia’s biggest movie ever wants to make your next foreign film hit : ‘I see ourselves as South Korea 15 years ago’
Asia
The CEO behind Indonesia’s biggest movie ever wants to make your next foreign film hit : ‘I see ourselves as South Korea 15 years ago’
By Lionel LimNovember 8, 2023
Zelda
Arts & Entertainment
Nintendo snags deal with ‘Spider-Man’ producer Avi Arad for forthcoming ‘Legend of Zelda’ movie
By Yuri Kageyama and The Associated PressNovember 8, 2023
U.S. counters China’s Belt and Road with announcement of $553m investment in Sri Lanka port
Finance
U.S. counters China’s Belt and Road with announcement of $553m investment in Sri Lanka port
By Bharatha Mallawarachi, Didi Tang and The Associated PressNovember 8, 2023
Nintendo is taking another swing at Hollywood, following up its billion-dollar Mario smash by adapting another famous IP: ‘The Legend of Zelda’
Asia
Nintendo is taking another swing at Hollywood, following up its billion-dollar Mario smash by adapting another famous IP: ‘The Legend of Zelda’
By Lionel LimNovember 8, 2023
Apefest 2022
Companies
Bored Ape NFT creators downplay complaints that harmful UV light at their ‘Apefest’ party seared owners’ eyeballs
By Christiaan HetznerNovember 7, 2023
Nintendo profits jump as ‘Super Mario’ movie makes the Japanese game giant popular again
Tech
Nintendo profits jump as ‘Super Mario’ movie makes the Japanese game giant popular again
By Yuri Kageyama and The Associated PressNovember 7, 2023
Singapore’s delayed prime minister switch could happen next November—and elevate the man who helped lead the country’s COVID response
Politics
Singapore’s delayed prime minister switch could happen next November—and elevate the man who helped lead the country’s COVID response
By Lionel LimNovember 6, 2023
Chinese "Friends" fans
Lifestyle
Chinese millennials who learned from ‘Friends’ how to embrace a new lifestyle in the ’90s devastated by Matthew Perry’s death
By Fu Ting and The Associated PressNovember 3, 2023
Tim Cook keeps giving the same answer about Apple’s generative AI plans, and it’s falling flat with investors
Finance
Tim Cook keeps giving the same answer about Apple’s generative AI plans, and it’s falling flat with investors
By Rachyl JonesNovember 2, 2023
How Singapore and its population of just six million is beating much bigger countries in the race to attract chip manufacturing
Asia
How Singapore and its population of just six million is beating much bigger countries in the race to attract chip manufacturing
By Lionel LimNovember 1, 2023
Berkshire Hathaway founder and CEO Warren Buffett and vice chair Charlie Munger
Finance
Warren Buffett’s trusted lieutenant Charlie Munger ecstatic over $6 billion investment in Japan: ‘Like having God opening a chest and just pouring money into it’
By Paolo ConfinoNovember 1, 2023
Nvidia wobbles on fear U.S. export rules could force it to cancel over $5 billion worth of advanced chip orders to China
Tech
Nvidia wobbles on fear U.S. export rules could force it to cancel over $5 billion worth of advanced chip orders to China
By Lionel LimNovember 1, 2023
New York Times CEO Meredith Kopit Levien
Tech
Group representing the New York Times and 2,200 others just dropped a scathing 77-page white paper on ChatGPT and LLMs being an illegal ripoff
By Paige HagyOctober 31, 2023
Toyota
Asia
Toyota literally doubles down on EVs in North Carolina with another $8 billion investment and 3,000 more jobs
By Hannah Schoenbaum and The Associated PressOctober 31, 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
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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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