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Trump says he’ll sign deal with Iran to reopen Hormuz Sunday

Trump says he’ll sign deal with Iran to reopen Hormuz Sunday

Trump also said Iran would not get any money in the deal, which was a key sticking point for Iran during negotiations mediated by Pakistan.

By Arsalan Shahla, Maria Paula Mijares Torres and BloombergJune 13, 2026

A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’

A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’

By The Associated PressJune 13, 2026

ravi

I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Niño seriously

By Ravi S. BhallaJune 13, 2026

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

By Sydney LakeJune 13, 2026

herrin

America just committed $1.2 trillion to fix its infrastructure. We’re still flying blind

By Gregg HerrinJune 13, 2026

Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth

Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth

By Marco Quiroz-GutierrezJune 13, 2026

More in Economy

gavin

Newsom called homelessness California’s calling in 2020. His budget still spends less than 0.5% on it

A USC analysis of six years of California budget documents finds the state devoted 0.47% of its $321 billion general fund to homelessness in 2026.

By Benjamin F. Henwood and The ConversationJune 12, 2026

‘Soccernomics’ co-author: FIFA’s ticket strategy isn’t price discovery, it’s a wealth filter

Standard pricing theory says tickets should reflect marginal cost — which is near zero for each additional seat. FIFA offers “what the market will bear.”

By Stefan Szymanski and The ConversationJune 12, 2026

World Bank warns the 2020s are becoming a ‘lost decade’ for the global economy — ‘barring a miracle’

Global growth is now projected to slow to just 2.5% in 2026, the weakest pace outside of outright recession in nearly 20 years.

By Nick LichtenbergJune 12, 2026

Social Security’s 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

The new date exposes a hard political math: debt above 100% of GDP, 2.4 million fewer immigrants and a tax bill that already trimmed program revenue.

By John W. Diamond and The ConversationJune 12, 2026

More in Economy

More in Banking

Top CD rates from major banks June 12, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

Top CD rates from major banks on June 12, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

A deposit account at a bank you already recognize can be a safe way to earn interest on your money.

By Joseph HostetlerJune 12, 2026

When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 12, 2026

Controversy swirls over Spanish soccer club accused of using novel $600,000 Kalshi wager to bet on its relegation

Club Atlético Osasuna’s insurance firm turned to prediction markets to hedge against getting booted to a lower division.

By Camila Grigera NaonJune 12, 2026

Today’s top high-yield savings rates: Up to 5.00% on June 12, 2026

Check out the highest savings account rates available today. Some high-yield savings accounts are still offering rates around 5%.

By Glen Luke FlanaganJune 12, 2026

More in Banking

Personal Finance

More in Personal Finance

Liability Car Insurance Explained: What It Covers and How Much You Need

Liability Car Insurance Explained: What It Covers and How Much You Need

Liability car insurance covers your legal fees and medical or repair costs for others if you’re liable for a car accident. It is generally required by law.

By Joseph HostetlerJune 12, 2026

Secured debt vs. unsecured debt: What’s the difference?

If you’re afraid you may slip behind on payments, you’ll feel the contrast between secured and unsecured debt in a big way.

By Joseph HostetlerJune 12, 2026

Current price of Ethereum for June 12, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerJune 12, 2026

Current price of Bitcoin for June 12, 2026

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

By Joseph HostetlerJune 12, 2026

More in Personal Finance

More in Investing

Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.

Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO

SpaceX’s IPO will crown a few select VC winners. But it’s only the beginning of Hot IPO Summer.

By Allie GarfinkleJune 12, 2026

The economist who said ‘no bubble’ just sounded the alarm: ‘The season of chaos is at hand’

“The chamber of dispersion has been opened,” Owen Lamont says. “The beast of volatility has awakened, and the season of chaos is at hand.”

By Nick LichtenbergJune 12, 2026

SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders

The hotly anticipated IPO is set to be the largest in stock market history, and is more than 7.5 times Alibaba’s IPO, in second place.

By Mia OsmonbekovJune 12, 2026

Live updates from SpaceX IPO debut: SpaceX valuation at $2.1 trillion as stock closes at $161.11 following record first day of trading

After 24 years of anticipation, the SpaceX IPO finally debuted at just over $150 a share, turning Elon Musk into the world’s first trillionaire.

By Catherina GioinoJune 12, 2026

More in Investing

More in Real Estate

fla

Florida’s insurance exodus is triggering a 2008-style chain reaction — with one critical difference

Can’t get home insurance in Florida? Your neighbor’s property value just became your problem too.

By The ConversationJune 12, 2026

Mortgage rate rises to 6.52% from 6.48%, near yearlong high

Rates have been mostly trending higher since the conflict between the U.S. and Iran began in late February.

By Alex Veiga and The Associated PressJune 12, 2026

Current refi mortgage rates report for June 12, 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 FlanaganJune 12, 2026

Mortgage rates today, June 12, 2026

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 FlanaganJune 12, 2026

More in Real Estate

Inside the race to rebuild America’s fuel supply chain for a ‘second nuclear age’

Inside the race to rebuild America’s fuel supply chain for a ‘second nuclear age’

A ‘second nuclear age’ looms, but the industry faces a major uranium problem.

By Jordan BlumJune 13, 2026

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

Middle Eastern oil flows are rising, but U.S. crude stockpiles are still depleting.

By Jordan BlumJune 12, 2026

Inflation is roaring back globally, 2022 style. The Iran war is only half the problem

Europe, China and the U.S. are straining to meet the demands of the AI boom

By Eva RoytburgJune 11, 2026

Current price of oil as of June 12, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerJune 12, 2026

Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads

Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads

LG Electronics worked with the crypto protocol Arbitrum to develop its own blockchain.

By Jack Kubinec and Ben WeissJune 11, 2026

T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 11, 2026

Meet the Fortune Crypto Innovators

These 30 companies and projects are pushing the digital assets ecosystem forward.

By FortuneJune 11, 2026

Meet the Fortune Crypto 100: A ranking of the very best companies in blockchain

Read about the definitive list of the most important names in crypto, from Coinbase to Franklin Templeton to Hyperliquid.

By Jeff John RobertsJune 11, 2026

Latest Stories

‘It’s not a jailbreak’ — Research leading to U.S. export restrictions on top Anthropic models was for defense, cybersecurity CEO says

AI ‘It’s not a jailbreak’ — Research leading to U.S. export restrictions on top Anthropic models was for defense, cybersecurity CEO says

By Jason MaJune 13, 2026

The real star of the UFC fight at the White House may be the Claw: a behemoth cage constructed for the Octagon

Politics The real star of the UFC fight at the White House may be the Claw: a behemoth cage constructed for the Octagon

By Dan Gelston and The Associated PressJune 13, 2026

Trump to talk with allies at G7 summit in the coming week about removing mines from the Strait of Hormuz as deal to end Iran war nears

Politics Trump to talk with allies at G7 summit in the coming week about removing mines from the Strait of Hormuz as deal to end Iran war nears

By Munir Ahmed, Samy Magdy, Aamer Madhani and The Associated PressJune 13, 2026

Meet the lone star tick: the primary U.S. source of alpha-gal syndrome, which is a life-threatening meat allergy that’s on the rise

Health Meet the lone star tick: the primary U.S. source of alpha-gal syndrome, which is a life-threatening meat allergy that’s on the rise

By Matthew Perrone and The Associated PressJune 13, 2026

More and more of Musk’s companies end up under the same roof. Here’s a look at his sprawling empire

C-Suite More and more of Musk’s companies end up under the same roof. Here’s a look at his sprawling empire

By The Associated PressJune 13, 2026

Workers start removing Trump’s name from the Kennedy Center, but there’s little on the venue’s schedule after a few upcoming events

Politics Workers start removing Trump’s name from the Kennedy Center, but there’s little on the venue’s schedule after a few upcoming events

By Steven Sloan and The Associated PressJune 13, 2026

Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’

Startups & Venture Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’

By Emma HinchliffeJune 13, 2026

Aravind Srinivas wearing glasses

Success CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

By Preston ForeJune 13, 2026

More FinancePage 37 of 100

Alphabet CEO Sundar Pichai in San Francisco, on Wednesday, June 4, 2025. (Photo: David Paul Morris/Bloomberg/Getty Images)

Politics Inside Google’s quiet internal war against its own anti-military activist employees

By Jim EdwardsMay 4, 2026

Energy Iran juggles oil cuts and storage strain to resist U.S. blockade
By Anthony Di Paola, Ben Bartenstein, Patrick Sykes, Weilun Soon, Charles Gorrivan and BloombergMay 2, 2026

Enbridge CEO Greg Ebel at the CERAWeek by S&P Global conference in Houston on March 25, 2026.

Energy Enbridge aims to help North America win from the AI boom and the Iran war as the FedEx of energy delivery

By Jordan BlumMay 4, 2026

Mortgage rates, May 4, 2026

Personal Finance Mortgage rates, May 4, 2026

By Glen Luke FlanaganMay 4, 2026

Current refi mortgage rates report for May 4, 2026

Personal Finance Current refi mortgage rates report for May 4, 2026

By Glen Luke FlanaganMay 4, 2026

Current ARM mortgage rates report for May 4, 2026

Personal Finance Current ARM mortgage rates report for May 4, 2026

By Glen Luke FlanaganMay 4, 2026

trump

Politics China has a welcome mat for Trump: it just rewrote the rules on U.S. sanctions

By Steve H. Hanke and Jeffrey WengMay 4, 2026

Big Tech Disney’s new CEO is exploring a ‘super app’ for theme park tickets, movies and more
By Thomas Buckley, Lucas Shaw and BloombergMay 2, 2026

Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships

Energy Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships

By Jason MaMay 3, 2026

Meme stock GameStop pitches $56 Billion takeover of eBay

Retail Meme stock GameStop pitches $56 Billion takeover of eBay

By Cecilia D'Anastasio, Se Young Lee and BloombergMay 3, 2026

Trump says U.S. will guide stranded ships from ‘neutral and innocent’ countries out of the Strait of Hormuz while hinting at positive Iran talks

Politics Trump says U.S. will guide stranded ships from ‘neutral and innocent’ countries out of the Strait of Hormuz while hinting at positive Iran talks

By Adam Schreck, Melanie Lidman, Cara Anna and The Associated PressMay 3, 2026

Basic goods in Cuba are increasingly sold in U.S. dollars as economy collapses. ‘Everything is scarce here — everything — even that wretched bread’

Economy Basic goods in Cuba are increasingly sold in U.S. dollars as economy collapses. ‘Everything is scarce here — everything — even that wretched bread’

By Danica Coto and The Associated PressMay 3, 2026

Hong Kong is the hub for China’s AI IPOs. It can be so much more than that

Commentary Hong Kong is the hub for China’s AI IPOs. It can be so much more than that

By Brian Wong and Tony ChanMay 3, 2026

AI Unionized workers form alliance with rich tech giants on AI data centers, pushing back on local opposition and redrawing political lines
By Marc Levy and The Associated PressMay 2, 2026

As economic despair mounts, Russian official admits the country has had enough of Putin’s war on Ukraine. ‘We can’t even take one region’

Economy As economic despair mounts, Russian official admits the country has had enough of Putin’s war on Ukraine. ‘We can’t even take one region’

By Jason MaMay 3, 2026

Cargo ship near the Strait of Hormuz comes under attack by multiple small boats as the U.S. and Iran exchange peace plans

Politics Cargo ship near the Strait of Hormuz comes under attack by multiple small boats as the U.S. and Iran exchange peace plans

By Adam Schreck, Melanie Lidman, Cara Anna and The Associated PressMay 3, 2026

The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for ‘tank bottoms’ and Iran racing to delay ‘tank tops’

Energy The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for ‘tank bottoms’ and Iran racing to delay ‘tank tops’

By Jason MaMay 3, 2026

Chinese court rules firms can’t lay off workers on AI grounds

AI Chinese court rules firms can’t lay off workers on AI grounds

By Victor Swezey and BloombergMay 3, 2026

Iran has collected a ‘pittance’ of less than $1.3 million in Hormuz tolls, Bessent says, as currency dives to fresh record low

Politics Iran has collected a ‘pittance’ of less than $1.3 million in Hormuz tolls, Bessent says, as currency dives to fresh record low

By Adam Schreck, Melanie Lidman and The Associated PressMay 3, 2026

Landlords want $1.5 billion bailout from federal government over lost pandemic payments

Real Estate Landlords want $1.5 billion bailout from federal government over lost pandemic payments

By Michael Casey and The Associated PressMay 3, 2026

The ‘hidden tax’ costing you more at the grocery store: a weaker U.S. dollar under Trump

North America The ‘hidden tax’ costing you more at the grocery store: a weaker U.S. dollar under Trump

By Matt Sedensky and The Associated PressMay 3, 2026

He started as a part-time Starbucks barista at 17. Now he’s an exec designing the menu

Success He started as a part-time Starbucks barista at 17. Now he’s an exec designing the menu

By Orianna Rosa RoyleMay 3, 2026

America’s twin scarcities: The 4-million-unit shortage in both housing and childcare is breaking families

Real Estate America’s twin scarcities: The 4-million-unit shortage in both housing and childcare is breaking families

By Sydney LakeMay 3, 2026

Sam Altman speaks into a microphone

AI Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

By Sasha RogelbergMay 3, 2026

blake

Commentary I spent a decade selling homes to the ultra-wealthy. What I saw explains the housing market’s nepo problem

By Blake O'ShaughnessyMay 3, 2026

happiness

Economy America got rich and got sad. A top economist says 2020 broke something that hasn’t healed

By Nick LichtenbergMay 3, 2026

Fortune Archives: Jerome Powell didn’t blink

Newsletters Fortune Archives: Jerome Powell didn’t blink

By Eva RoytburgMay 3, 2026

Donald Trump

Economy The US is in a league of its own when it comes to its debt burden, as rating agencies bemoan ‘long-running deterioration’ in fiscal governance

By Tristan BoveMay 3, 2026

Two female college roommates study together in the dorm

Success Trump wants to cut federal loans from college programs that don’t pay off. College cosmetology, fine arts, and music programs are at risk

By Preston ForeMay 3, 2026

president donald trump

Politics A $20B battleship the U.S. abandoned after WWII is back in Trump’s $1.5T defense budget. Experts say modern missiles will easily destroy it

By Jake AngeloMay 3, 2026

US Federal Reserve Chair Jerome Powell departs a press conference at the Federal Reserve Board Building in Washington, DC, on April 29, 2026.

Economy Fed whisperer splits on Powell: A+ as steward, but ‘I don’t think you could give him high marks on the economy’

By Eva RoytburgMay 3, 2026

Trump says he is reviewing a new Iranian proposal to end the war but ‘can’t imagine that it would be acceptable’

Politics Trump says he is reviewing a new Iranian proposal to end the war but ‘can’t imagine that it would be acceptable’

By Aamer Madhani, Sarah El Deeb, Cara Anna and The Associated PressMay 2, 2026

Can the ‘blue economy’ deliver on its promise? Investors are starting see the ocean as an asset worth protecting

Commentary Can the ‘blue economy’ deliver on its promise? Investors are starting see the ocean as an asset worth protecting

By Natalie Sum Yue ChungMay 2, 2026

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Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

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By Sydney LakeJune 13, 2026

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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By Catherina GioinoJune 9, 2026

Personal Finance

Current price of oil as of June 12, 2026

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By Joseph HostetlerJune 12, 2026

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