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Economy

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Oil is back to early war days, S&P 500 jumps to all-time high

The Dow Jones Industrial Average surged as many as 1,100 points before paring its gain to 868, or 1.8%. The Nasdaq composite climbed 1.5%.

By Stan Choe and The Associated PressApril 17, 2026
Photo of Donald Trump (left) and Pete Hegseth (right)
Something is different about Trump’s $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says
By Sasha RogelbergApril 17, 2026
Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war’s ‘hidden target’ was the labor market, economist says
Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war’s ‘hidden target’ was the labor market, economist says
By Jason MaApril 17, 2026
chris lehane
OpenAI policy chief says AI companies ‘need to do a much better job’ talking about AI as industry leaders face personal attacks
By Jake AngeloApril 17, 2026
The $39 trillion national debt could break the all-important U.S. bond market, sparking a ‘vicious’ emergency, former Treasury secretary warns 
The $39 trillion national debt could break the all-important U.S. bond market, sparking a ‘vicious’ emergency, former Treasury secretary warns 
By Tristan BoveApril 17, 2026
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Iran and White House say the Strait of Hormuz is ‘completely open.’ But it definitely isn’t—at least for now
By Jordan BlumApril 17, 2026
Latest Stories
dario
AIWhite House chief of staff to meet with Anthropic CEO about dangerous new Mythos model, official says
By Josh Boak, Matt O'Brien and The Associated PressApril 17, 2026
Huel Shake Review (2026): Expert Approved
HealthHuel Shake Review (2026): Expert Approved
By Emily PharesApril 17, 2026
Exclusive: Adam Silver on winning the Edison Achievement Award: ‘Sports remind us that some of the most important forms of innovation are human’
Arts & EntertainmentExclusive: Adam Silver on winning the Edison Achievement Award: ‘Sports remind us that some of the most important forms of innovation are human’
By Catherina GioinoApril 17, 2026
Tether CEO Paolo Ardoino
CryptoTether extends $127.5 million in funding to crypto platform Drift as critics blast rival Circle for failing to freeze hacked funds
By Jack KubinecApril 17, 2026
Karen Carter
C-SuiteFortune 500 Power Moves: Which executives gained and lost power this week
By Fortune EditorsApril 17, 2026
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EnergyTrump says Iran to suspend nuclear program, won’t get funds
By Kate Sullivan and BloombergApril 17, 2026
Business colleagues meeting in modern conference room
Workplace CultureThe power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage
By Marco Quiroz-GutierrezApril 17, 2026
A woman taking a picture of the Statue of Liberty.
EconomyTourism had a record-breaking 2025 everywhere but the U.S., report finds, as international visitor numbers plummet by the millions
By Tristan BoveApril 17, 2026
More EconomyPage 25 of 100
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AI‘Ghost GDP,’ a white-collar recession, and the death of friction: Substack’s top finance writer warns of the 2028 AI crisis nobody sees coming
By Nick LichtenbergFebruary 23, 2026
  • Detroit automakers ask White House to be spared from new tariffs
    EconomyDetroit automakers ask White House to be spared from new tariffs
    By Gabrielle Coppola and BloombergFebruary 20, 2026
mexico
North AmericaMexico’s latest cartel violence prompts fears of ‘narcoterrorism’ in replay 1990s Colombia
By María Verza and The Associated PressFebruary 23, 2026
taxi
InnovationSelf-driving taxis hit London, a city with such complex streets that it has a ‘Knowledge’ test that takes cabbies years to pass
By Kelvin Chan and The Associated PressFebruary 23, 2026
leyen
Economy‘A deal is a deal’: EU demands Trump stand by his word amid ‘pure tariff chaos’ after Supreme Court ruling
By The Associated PressFebruary 23, 2026
Treasury Secretary Scott Bessent speaks during a Q&A at the Economic Club Of Dallas on February 20, 2026 in Dallas, Texas.
EconomyScott Bessent has ’got a feeling’ that $175 billion raised under the IEEPA is lost to the American people for good
By Eleanor PringleFebruary 23, 2026
Photo of President Trump
EconomyStocks sell off as traders wake up to the realization that Trump has ‘highly punitive’ options for new trade tariffs
By Jim EdwardsFebruary 23, 2026
  • Trump imposes 10% global tariff in bid to salvage trade plans
    LawTrump imposes 10% global tariff in bid to salvage trade plans
    By Courtney Subramanian, Kate Sullivan and BloombergFebruary 20, 2026
President Trump at a press conference.
EconomyTrump boasts that the U.S. has ‘the greatest economy actually ever.’ Human nature suggests that’s exactly the wrong message to send to voters
By Geoff ColvinFebruary 23, 2026
U.S. tells partners to honor tariff deals as Trump regroups
EconomyU.S. tells partners to honor tariff deals as Trump regroups
By Catherine Lucey and BloombergFebruary 22, 2026
The Russian economy is eating its own muscle to survive as Putin’s war on Ukraine destroys future capacity, former central bank advisor says
EconomyThe Russian economy is eating its own muscle to survive as Putin’s war on Ukraine destroys future capacity, former central bank advisor says
By Jason MaFebruary 22, 2026
New round of U.S.-Iran nuclear talks to start Thursday as Trump assembles largest military presence in Mideast in decades
PoliticsNew round of U.S.-Iran nuclear talks to start Thursday as Trump assembles largest military presence in Mideast in decades
By Jon Gambrell and The Associated PressFebruary 22, 2026
Babies play with their teacher in day care
EconomyA two-child household must earn $400,000 a year for childcare to be affordable, study says. ‘It’s easy to see why birth rates are falling’
By Jason MaFebruary 22, 2026
  • Trump warns he’s considering limited strikes on Iran and says Tehran ‘better negotiate a fair deal’
    PoliticsTrump warns he’s considering limited strikes on Iran and says Tehran ‘better negotiate a fair deal’
    By Farnoush Amiri, Seung Min Kim and The Associated PressFebruary 20, 2026
Hoping for a tariff refund? Trump officials say they are waiting for lower courts to provide instructions. ‘They created the situation’
LawHoping for a tariff refund? Trump officials say they are waiting for lower courts to provide instructions. ‘They created the situation’
By Jason MaFebruary 22, 2026
Top EU lawmaker proposes pause on U.S. trade deal ratification, citing ‘pure tariff chaos’ from Trump administration
EconomyTop EU lawmaker proposes pause on U.S. trade deal ratification, citing ‘pure tariff chaos’ from Trump administration
By The Associated PressFebruary 22, 2026
Businessmen shaking hands across the table
SuccessNot all degrees are a waste of time: MBA graduates from Harvard, MIT, and Wharton are making over $245,000 just three years after graduating
By Preston ForeFebruary 22, 2026
daron acemoglu
AIThe Nobel laureate who cowrote ‘Why Nations Fail’ warns U.S. democracy won’t survive unless these two things change
By Jake AngeloFebruary 22, 2026
New Fed report proves Milton Friedman and Joe Biden understood something vital about immigration—and explains why growth may sputter under Trump
EconomyNew Fed report proves Milton Friedman and Joe Biden understood something vital about immigration—and explains why growth may sputter under Trump
By Shawn TullyFebruary 22, 2026
NASA delays moon mission to fix rocket, rules out March launch
North AmericaNASA delays moon mission to fix rocket, rules out March launch
By Loren Grush and BloombergFebruary 21, 2026
Trump’s sudden decision to hike his new tariff rate to 15% is ‘something of an eff you’ to the U.K., which thought it had a better deal for 10%
EconomyTrump’s sudden decision to hike his new tariff rate to 15% is ‘something of an eff you’ to the U.K., which thought it had a better deal for 10%
By Jason MaFebruary 21, 2026
The Supreme Court’s landmark tariff decision is the latest defeat ‘piercing President Trump’s seeming invincibility’
PoliticsThe Supreme Court’s landmark tariff decision is the latest defeat ‘piercing President Trump’s seeming invincibility’
By Jason MaFebruary 21, 2026
Macron
LawWorld shakes its weary head at more Trump tariff chaos as he ‘says a lot of things, and many of them aren’t true’
By Kim Tong-Hyung, Megan Janetsky and The Associated PressFebruary 21, 2026
trump
PoliticsTrump’s tariff fury continues as he moans about ‘ridiculous, poorly written, and extraordinarily anti-American decision’
By Michelle L. Price and The Associated PressFebruary 21, 2026
Trump’s plan B to impose new tariffs is also illegal because a balance-of-payments deficit doesn’t exist, trade experts say
PoliticsTrump’s plan B to impose new tariffs is also illegal because a balance-of-payments deficit doesn’t exist, trade experts say
By Jason MaFebruary 21, 2026
Trump boosts new tariff rate to 15% a day after announcing 10%
EconomyTrump boosts new tariff rate to 15% a day after announcing 10%
By Wendy Benjaminson, Maria Paula Mijares Torres and BloombergFebruary 21, 2026
At least 20 communities with large warehouses are stealth targets for massive ICE detention centers. ‘There was absolutely no warning’
PoliticsAt least 20 communities with large warehouses are stealth targets for massive ICE detention centers. ‘There was absolutely no warning’
By Heather Hollingsworth, Morgan Lee and The Associated PressFebruary 21, 2026
Despite tariff ruling, this U.S. coffee company doesn’t expect to ever get a refund. ‘It’s like a nightmare we just want to wake up from’
PoliticsDespite tariff ruling, this U.S. coffee company doesn’t expect to ever get a refund. ‘It’s like a nightmare we just want to wake up from’
By Mae Anderson and The Associated PressFebruary 21, 2026
Trump’s tariff refund mess leaves American business with half-a-decade of legal battles to look forward to
EconomyTrump’s tariff refund mess leaves American business with half-a-decade of legal battles to look forward to
By Paul Wiseman and The Associated PressFebruary 21, 2026
A girl looking at her laptop screen
InnovationThe U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergFebruary 21, 2026
New CBO report shows national debt spiraling into uncharted territory by 2035—and Trump’s tariff defeat will make the picture even worse
EconomyNew CBO report shows national debt spiraling into uncharted territory by 2035—and Trump’s tariff defeat will make the picture even worse
By Shawn TullyFebruary 21, 2026
Kevin Warsh, former governor of the US Federal Reserve
EconomyJerome Powell knows the Fed’s balance sheet got too big—Kevin Warsh has a plan, he just has to sell it without freaking out the markets
By Eleanor PringleFebruary 21, 2026
Missiles produced by Iran's armed forces are displayed near a row of Iranian flags during commemorations to mark the anniversary of the 1979 Iranian Revolution on February 11, 2026 in Tehran, Iran. In that year, Ruhollah Khomeini led an overthrow of the Pahlavi dynasty in 1979 and established himself as Supreme Leader of the Islamic Republic of Iran.
EnergyTrump loves cheap gas—but a military conflict in Iran could nearly double your price at the pump
By Jordan BlumFebruary 21, 2026
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Success
Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaireplaceholder alt text
By Preston ForeApril 17, 2026
Economy
A world going broke: IMF says America's $39 trillion national debt is actually a global problem—and AI may be the only rescueplaceholder alt text
By Nick LichtenbergApril 16, 2026
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend itplaceholder alt text
By Sydney LakeApril 15, 2026
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