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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.

Shein CEO’s wealth slumps $15 billion after whittled-down IPO

Shein CEO’s wealth slumps $15 billion after whittled-down IPO

Shein is set to go public in Hong Kong on Tuesday at just over a quarter of the $100 billion it was worth in 2022.

By Dave Sebastian, Pui Gwen Yeung and BloombergAugust 30, 2026

Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz

Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz

By Jason MaAugust 30, 2026

‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S.

‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S.

By Collin Binkley, Juan Arraez and The Associated PressAugust 30, 2026

NYSE broker

Top economist says it’s ‘panic season’ in markets and it’s your fault for taking summer vacation. Blame the ‘harvest time’ mentality

By Nick LichtenbergAugust 30, 2026

The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the ‘functionally unemployed’ keeps climbing

The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the ‘functionally unemployed’ keeps climbing

By Jason MaAugust 30, 2026

Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

By Matt Sedensky and The Associated PressAugust 30, 2026

More in Economy

South Korea may be getting too old to take advantage of its AI boom

South Korea may be getting too old to take advantage of its AI boom

Korea could keep getting richer from AI while elderly households become reluctant or unable to spend those gains

By Mia OsmonbekovAugust 30, 2026

Why Gen X should stop planning around an inheritance that may never arrive

Gen X has been handed a hard set of facts. Less saved than the generation before it, no pension underneath, and obligations pointing in both directions.

By Jon SabesAugust 30, 2026

With ‘virtual speed bumps,’ these cities have reduced crashes by rewarding slower drivers with fewer red lights

“If you come to Albuquerque right now and you’re driving that corridor, you will learn pretty quickly that if you are speeding, you stop.”

By Jeff McMurray and The Associated PressAugust 29, 2026

Singapore has overhauled its baby bonus scheme. Will it work to boost birth rates this time?

Probably not.

By Angelica AngAugust 29, 2026

More in Economy

More in Banking

Key takeaways from the Fed’s annual Jackson Hole conference

Key takeaways from the Fed’s annual Jackson Hole conference

Policymakers from the euro area who spoke on the sidelines of the conference also sent a warning about inflation.

By Maria Eloisa Capurro, Jason Ma, Enda Curran, Alexander Weber and BloombergAugust 29, 2026

Why the Fed is often slow, late … and wrong in reading inflation

The central bank should pay more attention to the short-term trends that reveal an important “inflation regime change” may already be underway.

By George CalhounAugust 29, 2026

Trump officially signs executive order directing government to rename Lake Ontario as ‘Lake America’

Trump, who signed the order at the Resolute Desk in the Oval Office, sat in front of a map with the words, “MAKING THE GREAT LAKES EVEN GREATER.”

By Michelle L. Price, Will Weissert and The Associated PressAugust 28, 2026

‘We have work to do’: Fed Reserve Chair Warsh suggests rate hike in coming months amid high inflation

Warsh says recent reports on inflation coming down does not tell him “underlying trends have meaningfully improved.”

By Christopher Rugaber and The Associated PressAugust 28, 2026

More in Banking

Personal Finance

More in Personal Finance

Mitzi Perdue

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

“If you’re always going on private jets, what inkling do you have about the real world?”

By Emma BurleighAugust 30, 2026

Scientists are using AI to track permafrost thaw as Arctic lakes vanish in hours

A new near-real-time monitoring tool has identified 30 additional drained lakes in northwestern Alaska since June 2026.

By Anna Liljedahl, Ingmar Nitze and The ConversationAugust 29, 2026

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

By Sasha RogelbergAugust 28, 2026

New York City sends 11,000 more pied-à-terre tax letters as it apologizes to the 1,200 wrongly targeted because it didn’t check 2025 tax returns

New York City Mayor Zohran Mamdani admitted the city lacked 2025 tax data before sending 17,000 warning letters.

By Catherina GioinoAugust 28, 2026

More in Personal Finance

More in Investing

Casey’s quietly became America’s fifth-largest pizza chain. Meet the Fortune 500 gas station Gen Z can’t stop posting about

Have you heard of the fifth-largest pizza chain in the U.S., famous for its red roof, its taco pizza and its sausage gravy-base, breakfast slices?

By Nick LichtenbergAugust 29, 2026

Trump backlash adds new risks to the stocks the government owns

Market strategists see rising risks of the administration’s equity positions facing scrutiny in Washington and the courts.

By Norah Rami, Matthew Griffin and BloombergAugust 29, 2026

Current price of Bitcoin for August 28, 2026

Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market.

By Joseph HostetlerAugust 28, 2026

Forget GLP-1 stocks, baldness drugs are Wall Street’s next goldmine

Pattern hair loss affects an estimated 50 million men and 30 million women in the US, but there have been no new approved drugs since the late 1990s.

By Avalon Pernell, Lisa Pham and BloombergAugust 29, 2026

More in Investing

More in Real Estate

Current ARM mortgage rates report for Aug. 28, 2026

Current ARM mortgage rates report for Aug. 28, 2026

Some homeowners might benefit from an adjustable-rate mortgage over the more common fixed-rate loans. Here’s what to know.

By Glen Luke FlanaganAugust 28, 2026

Current refi mortgage rates report for Aug. 28, 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 FlanaganAugust 28, 2026

Today’s home equity loan and HELOC rates, August 28, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerAugust 28, 2026

Mortgage rates today, Aug. 28, 2026: Rates remain stubborn

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 FlanaganAugust 28, 2026

More in Real Estate

The mayor of this desert city likens the U.S. West’s water crisis to planning for a meteor. ‘You can see it coming, but you can’t get out of the way’

The mayor of this desert city likens the U.S. West’s water crisis to planning for a meteor. ‘You can see it coming, but you can’t get out of the way’

Under the Bureau of Reclamation’s plan, California, Nevada and Arizona will collectively reduce water use by 1.25 million acre-feet.

By Wufei Yu, Dorany Pineda and The Associated PressAugust 29, 2026

The U.S. doesn’t have a state-owned oil giant. But in Venezuela, the federal government will control a company with the world’s 2nd largest reserves

The federal government will control 55% of the company’s effective output via equity ownership and oil production.

By Jason MaAugust 29, 2026

The Strait of Hormuz crisis threatened Asia’s oil and gas lifeline. Here’s how the region is rewriting its energy playbook

“Notwithstanding the rise of alternative and green technologies over the past decade, the global economy is still very reliant on oil and gas.”

By Katie SilverAugust 28, 2026

Offshore nuclear barges could power ports and data centers—starting with California, where nuclear is banned

Offshore nuclear power could potentially power everything from ports and data centers to merchant cargo ships and military fleets.

By Jordan BlumAugust 29, 2026

Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia

Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia

The Stripe-owned company sees potential in Asia, where trade-heavy economies need faster cross-border payment rails.

By Angelica AngAugust 28, 2026

Bitcoin is having a great month—but Solana is doing even better as coin soars above $100

Investors have found fresh reasons to buy Solana beyond Bitcoin’s comeback.

By Camila Grigera NaónAugust 27, 2026

Crypto traders turn Dolly Parton’s death into a memecoin frenzy

Tokens commemorating Parton appeared on popular memecoin platforms like Pump.fun, only to crash hours later.

By Camila Grigera NaónAugust 26, 2026

Grayscale CEO: Crypto winter has thawed—but market watchers are still missing the point

The CEO of Grayscale explains why the market volatility of the last 18 months barely matters in light of a broader sea change underway in finance.

By Peter MintzbergAugust 27, 2026

Latest stories from Fortune

Warner Bros. axed ‘Coyote vs. Acme’ three years ago to take a tax write off. But it’s finally in theaters after a public outcry—and a box office hit

Arts & Entertainment

Warner Bros. axed ‘Coyote vs. Acme’ three years ago to take a tax write off. But it’s finally in theaters after a public outcry—and a box office hit

By Jake Coyle and The Associated PressAugust 30, 2026

Battle for Hormuz: U.S. forces take first military action against Iran in a month, striking rocket launchers being used to deploy sea mines

Battle for Hormuz: U.S. forces take first military action against Iran in a month, striking rocket launchers being used to deploy sea mines

By Konstantin Toropin, Cara Anna, Ben Finley and The Associated PressAugust 30, 2026

It’s not just math and reading. Classroom devices deprive kids of skills needed in the AI future and how to be ‘fully human,’ education experts say

It’s not just math and reading. Classroom devices deprive kids of skills needed in the AI future and how to be ‘fully human,’ education experts say

By Jason MaAugust 30, 2026

Trump urges FCC to probe media polling, punish NBC moderator

Trump urges FCC to probe media polling, punish NBC moderator

By Jeff Mason and BloombergAugust 30, 2026

World mostly shrugs off Bessent’s ‘D-Day’ Iran sanctions threat

World mostly shrugs off Bessent’s ‘D-Day’ Iran sanctions threat

By Yash Roy, Patrick Sykes and BloombergAugust 30, 2026

Google Maps changes Lake Ontario label to Lake America in U.S.

Google Maps changes Lake Ontario label to Lake America in U.S.

By Rachel Cohrs Zhang and BloombergAugust 30, 2026

SpaceX launches NASA’s newest crown-jewel telescope, which will look for ‘the weird, the rare and the unusual’ — including dark matter and energy

SpaceX launches NASA’s newest crown-jewel telescope, which will look for ‘the weird, the rare and the unusual’ — including dark matter and energy

By Marcia Dunn and The Associated PressAugust 30, 2026

This baby boomer vs. Gen X Senate race emerges as key test of generational change in U.S. politics and what age is too old for Congress

This baby boomer vs. Gen X Senate race emerges as key test of generational change in U.S. politics and what age is too old for Congress

By Leah Willingham and The Associated PressAugust 30, 2026

More Finance

New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests

New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests

By Jason MaAugust 29, 2026

Retail
Nvidia CFO says about half of its data center business comes from customers beyond hyperscalers
By Sheryl EstradaAugust 27, 2026

Wall Street used to worry that too much U.S. debt would crowd out the private sector. But AI hyperscalers are ‘reverse crowding’ the Treasury

Wall Street used to worry that too much U.S. debt would crowd out the private sector. But AI hyperscalers are ‘reverse crowding’ the Treasury

By Jason MaAugust 29, 2026

Former White House teleprompter operator must turn over more than $100,000 in profits and pay a $65,000 fine in insider trading settlement

Former White House teleprompter operator must turn over more than $100,000 in profits and pay a $65,000 fine in insider trading settlement

By Collin Binkley and The Associated PressAugust 29, 2026

A man with a headset sits at a desk in a call center.

The AI boom hasn’t stopped U.S. companies from hiring cheap offshore labor, and overseas call center employment is still skyrocketing

By Sasha RogelbergAugust 29, 2026

Dae'quan Wright #8 of the Ole Miss Rebels celebrates against the Miami Hurricanes during the second half of CFP Semifinal Vrbo Fiesta Bowl at State Farm Stadium.

Arts & Entertainment

College sports and ‘amateurism’ become the new ‘professional’ as an NFL player fights to return to school

By Joshua HongAugust 29, 2026

Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves

Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves

By Aamer Madhani and The Associated PressAugust 28, 2026

Personal Finance
Bernie Sanders has a fix for ‘Social Security’s solvency for generations to come’: make the rich pay
By Kevin Freking and The Associated PressAugust 27, 2026

Kevin Warsh, chairman of the US Federal Reserve, arrives for dinner during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 27, 2026.

Kevin Warsh finally threw Wall Street some crumbs on what he’s thinking: ‘There is one signal nobody can miss: 65 months of elevated inflation’

By Eleanor PringleAugust 28, 2026

Pharrell Williams

After decades in the music industry, Pharrell Williams admits he never stops working: ‘If you do what you love everyday, you’ll get paid for free’

By Emma BurleighAugust 28, 2026

Andrew Cherng speaks into a microphone

Despite working long 12-hour days, billionaire Panda Express co-CEO says he never got burned out: ‘That’s life’

By Preston ForeAugust 28, 2026

Trump looks at Republican midterm hopes and has a message for voters: ‘Pretend, please, that I’m on the ballot’

By Steve Peoples, Jill Colvin and The Associated PressAugust 28, 2026

‘I don’t have to announce everything, do I?’ Trump bristles at questions over blocked Hormuz, sanction-free China

By Aamer Madhani and The Associated PressAugust 28, 2026

Commentary
Extreme weather has cost California farmers over $800 million this year
By Jonathan DestlerAugust 27, 2026

Jeanne Jones

Why Exelon’s CFO is stepping into a new strategy role

By Sheryl EstradaAugust 28, 2026

Current price of gold: Aug. 28, 2026

Personal Finance

Current price of gold as of August 28, 2026

By Danny BakstAugust 28, 2026

Current price of silver as of Friday, Aug. 28, 2026

Personal Finance

Current price of silver as of Friday, August 28, 2026

By Joseph HostetlerAugust 28, 2026

Current price of oil as of Aug. 28, 2026

Personal Finance

Current price of oil as of August 28, 2026

By Joseph HostetlerAugust 28, 2026

Current price of Ethereum for Aug. 28, 2026

Personal Finance

Current price of Ethereum for August 28, 2026

By Joseph HostetlerAugust 28, 2026

Top CD rates from major banks Aug. 28, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

Personal Finance

Top CD rates from major banks on August 28, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

By Joseph HostetlerAugust 28, 2026

Top CD rates today, Aug. 28, 2026: Lock in up to up to 4.50%

Personal Finance

Top CD rates today, Aug. 28, 2026: Lock in up to up to 4.50%

By Glen Luke FlanaganAugust 28, 2026

Today’s top high-yield savings rates: Up to 4.50% on Aug. 28, 2026

Personal Finance

Today’s top high-yield savings rates: Up to 4.50% on Aug. 28, 2026

By Glen Luke FlanaganAugust 28, 2026

Who pays for a shadow fleet oil spill? No one

Who pays for a shadow fleet oil spill? No one

By Charles Edward GehrkeAugust 28, 2026

Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money

Personal Finance

Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money

By Sydney LakeAugust 28, 2026

Gen Z’s bedazzling era is the latest Lipstick Index as youths put gems on everything from coffee cups to skincare

Gen Z’s bedazzling era is the latest Lipstick Index as youths put gems on everything from coffee cups to skincare

By Sarah GlodekAugust 28, 2026

A trader works on the floor of the New York Stock Exchange.

Why ‘equal weight’ S&P 500 funds are having a moment—and are up almost 16% this year alone

By Sheryl EstradaAugust 28, 2026

boom

Personal Finance

The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

By Joshua HongAugust 27, 2026

newsom

A consultant who once railed against ‘the billionaire boys club’ is now leading opposition to California’s wealth tax

By Mia OsmonbekovAugust 27, 2026

upper

Welcome to the ‘upper-middle-class trap’: why $300,000 a year doesn’t feel like winning anymore

By Nick LichtenbergAugust 27, 2026

Zohran Mamdani’s business council includes the CEOs of Chobani and Etsy. But Wall Street and Big Tech turned him down

Zohran Mamdani’s business council includes the CEOs of Chobani and Etsy. But Wall Street and Big Tech turned him down

By Tatiana SatauaAugust 27, 2026

The supply-chain savant: How FedEx CEO Raj Subramaniam leads through ‘reglobalization’

The supply-chain savant: How FedEx CEO Raj Subramaniam leads through ‘reglobalization’

By Alyson ShontellAugust 27, 2026

Pete Hegseth runs his hand through his hair and holds a microphone with his other hand.

Pete Hegseth is worried about the Pentagon’s ‘Soviet-style bureaucracy,’ but the military’s $285 billion maintenance mess is all-American

By Sasha RogelbergAugust 27, 2026

Kevin O'Leary wearing a black suit with a gold NBA trading card necklace in his mouth

Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’

By Preston ForeAugust 27, 2026

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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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By Emma BurleighAugust 30, 2026

Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

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By Matt Sedensky and The Associated PressAugust 30, 2026

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

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By Preston ForeAugust 29, 2026

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