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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.

Marc Rowan, chief executive officer of Apollo Global Management

Before becoming CEO of $79 billion Wall Street giant Apollo, Marc Rowan worked at a party store, valet lot, and ‘the best kosher caterer’

Just like other CEOs, Marc Rowan, the cofounder of Apollo Global Management, says “you have to take something away from” ordinary jobs.

By Emma BurleighAugust 5, 2026

Photo of Trump

Trump claims — yet again — that a deal to reopen Hormuz is close

By The Associated Press, Elena Becatoros, Samy Magdy and Darlene SupervilleAugust 5, 2026

Honda doubles profit as motorcycles and a weak yen fuel its post‑EV writedown comeback

By Yuri Kageyama and The Associated PressAugust 5, 2026

Scott Bessent, US treasury secretary, during a meeting with US President Donald Trump and Lebanon's President Joseph Aoun, not pictured, in the Oval Office of the White House in Washington, DC, US, on Tuesday, July 21, 2026.

Scott Bessent just declared the K-shaped economy is over, saying he’s ‘sick of hearing about’ it—but the data would beg to disagree

By Eleanor PringleAugust 5, 2026

SpaceX races toward Musk’s $1 trillion dream—just as insiders can start selling

By Bernard Condon and The Associated PressAugust 5, 2026

Disney boosted by $1 billion at the box office, strong parks performance as international visits slump

By Michelle Chapman and The Associated PressAugust 5, 2026

More in Economy

st. louis

$25 billion in data centers shows St. Louis is serious about competing in the AI economy

While Minneapolis and New York are pumping the brakes, the St. Louis region has decided to compete now in America’s new infrastructure race.

By Ron KitchensAugust 5, 2026

Bill Ackman, unfiltered: The billionaire hedge fund founder’s take on AI, investing, and why socialism is a ‘disaster’

‘I’m in a bit of a unique position where I can say exactly what I think,’ Ackman tells Fortune.

By Fortune EditorsAugust 5, 2026

Billionaires have been flooding the midterms with cash, but one of the GOP’s most reliable megadonors just went silent

Ronald Lauder spent tens of millions backing Republicans over two decades. This cycle he’s given almost nothing.

By Sydney LakeAugust 5, 2026

Trump’s tariffs were supposed to boost American manufacturing, but the new levies are actually pushing some companies back to China

“The story that it is bringing back manufacturing is really not the story,” economist Mary Lovely warned. “Manufacturing is not coming back.”

By Sasha RogelbergAugust 5, 2026

More in Economy

More in Banking

Today’s top high-yield savings rates: Up to 4.50% on Aug. 5, 2026

Today’s top high-yield savings rates: Up to 4.50% on Aug. 5, 2026

There are still high-yield savings accounts offering APYs around 5%. See which banks have the highest savings account rates available today.

By Glen Luke FlanaganAugust 5, 2026

Top CD rates from major banks on August 5, 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 HostetlerAugust 5, 2026

Bessent’s Yen gamble is a warning sign — buckle up

Fasten your seat belts: Treasury Secretary Scott Bessent has become a Big Player in the yen market. Increased volatility is right around the corner.

By Steve H. Hanke and Roger KopplAugust 4, 2026

Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury secretaries over the past two generations wouldn’t.”

By Mia OsmonbekovAugust 4, 2026

More in Banking

Personal Finance

More in Personal Finance

Top CD rates today, Aug. 5, 2026: Lock in up to up to 4.50%

Top CD rates today, Aug. 5, 2026: Lock in up to up to 4.50%

CD rates are currently at their highest compared to recent years, with many yielding over 4% APYs

By Glen Luke FlanaganAugust 5, 2026

Current price of Ethereum for August 5, 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 HostetlerAugust 5, 2026

Current price of oil as of August 5, 2026

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

By Joseph HostetlerAugust 5, 2026

Current price of Bitcoin for August 5, 2026

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

By Joseph HostetlerAugust 5, 2026

More in Personal Finance

More in Investing

From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer

From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer

Ken Griffin helps fund Pochettino through 2030, KKR backs MLS’s development league, and the new MLS commissioner is an Apollo veteran.

By Catherina GioinoAugust 4, 2026

Exclusive: Dinari, founded by Stripe and Apple alums, partners with Circle to offer tokenized stocks to U.S. investors

The launch features 724 tokenized equities, including the entire S&P 500, marking the largest catalog of digital shares currently available.

By Camila Grigera NaónAugust 4, 2026

Toyota sold fewer cars but nearly doubled profit on cheap yen

A weak yen added $2.2 billion to Toyota’s quarterly profit even as vehicle sales dipped; full-year profit is still forecast to fall.

By Yuri Kageyama and The Associated PressAugust 4, 2026

Global shares rally, oil rebounds as Iran war de-escalation, yen intervention worries ease

European and Asian indexes rose Tuesday and oil rebounded as investors weighed the U.S.-Japan yen intervention and Trump’s Iran strike delay.

By The Associated Press and Yuri KageyamaAugust 4, 2026

More in Investing

More in Real Estate

Current ARM mortgage rates report for Aug. 5, 2026

Current ARM mortgage rates report for Aug. 5, 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 5, 2026

Current refi mortgage rates report for Aug. 5, 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 5, 2026

Today’s home equity loan and HELOC rates, August 5, 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 5, 2026

Mortgage rates today, Aug. 5, 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 FlanaganAugust 5, 2026

More in Real Estate

The remains of the German tugboat wreckage marked as UJ-106 in the Danube River.

Danube River’s shrinking water levels expose dozens of World War II ships

Amidst record-low water levels that have caused governments across Europe to plan for electricity shortages, German ships sunk in the war are resurfacing.

By The Associated Press and Marko DrobnjakovicAugust 4, 2026

Could a UN-backed plan to reopen Hormuz break the deadlock?

In this week’s Fortune Gulf Brief.

By Melissa HancockAugust 4, 2026

As confusion reigns over Hormuz talks, Fortune gets exclusive access to a UN-backed plan to reopen the strait

The Strait of Hormuz is the key battleground in the U.S.-Iran war, with vital ship traffic all but halted in recent months. There is a project to break the impasse.

By Melissa HancockAugust 4, 2026

Current price of oil as of August 4, 2026

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

By Joseph HostetlerAugust 4, 2026

President Donald Trump looks on during an announcement.

‘This is insider trading by definition’: Trump sells $100,000 monthly subscription service to Wall Street to further monetize the presidency

Wall Street firms will get information milliseconds faster than the general public—and Trump will directly benefit.

By Joshua HongAugust 4, 2026

Cloudflare just launched a permanent ID tool and wallet for AI shopping

The new service makes it easier for consumers to equip AI agents with tools that let them spend and identity themselves to merchants’ agents.

By Jeff John RobertsAugust 4, 2026

Kalshi CEO clashes with disgraced former Congressman George Santos in latest prediction market controversy

Santos was ordered to pay $35,000 after the CFTC found he had manipulated Kalshi contracts tied to his State of the Union attendance.

By Camila Grigera NaónAugust 3, 2026

OpenAI’s Greg Brockman gave $5.5 million to protect the home of an internet-famous bald eagle named Jackie

As the internet-famous eagle fought for her life in intensive care, the Brockmans’ donation closed a $10 million fundraiser with days to spare.

By Sydney LakeAugust 4, 2026

Latest stories from Fortune

Young businessman checking smartphone in dark wood office

Forget work-life balance: Gen Z say their top priority is actually career growth, with 93% aspiring for the C-suite

By Preston ForeAugust 5, 2026

On SpaceX’s first earnings call, Elon Musk argues his plans aren’t ‘sci-fi’ while No. 2 exec Gwynne Shotwell explains what the company is doing here on Earth

On SpaceX’s first earnings call, Elon Musk argues his plans aren’t ‘sci-fi’ while No. 2 exec Gwynne Shotwell explains what the company is doing here on Earth

By Emma HinchliffeAugust 5, 2026

Neil Armstrong’s boyhood home, nearly untouched, goes up for sale with no legal protection

By John Seewer, Patrick Aftoora-Orsagos and The Associated PressAugust 5, 2026

Arts & Entertainment

Bands used to ‘break’ on Letterman — now they’re recreating late night on YouTube

By Maria Sherman and The Associated PressAugust 5, 2026

air

It’s getting too hot to fly: climate‑driven heat waves are forcing airlines to dump passengers and cargo

By Rio Yamat, M.K. Wildeman and The Associated PressAugust 5, 2026

bezos

Leo DiCaprio teams with Jeff and Lauren Sanchez Bezos on $200 million plan to save 100 endangered species

By The Associated PressAugust 5, 2026

What OpenAI’s finance team is becoming in the age of AI

By Sheryl EstradaAugust 5, 2026

Ask your employees one question about AI. The silence will tell you everything

Ask your employees one question about AI. The silence will tell you everything

By Will DroverAugust 5, 2026

More FinancePage 50 of 100

U.S. floats steering frozen Iran assets to Gulf allies for repairs

U.S. floats steering frozen Iran assets to Gulf allies for repairs

By Jennifer A. Dlouhy and BloombergJune 7, 2026

Banking
Jamie Dimon called Elon Musk the ‘Edison of our time’ as JPMorgan hosted SpaceX’s $75 billion IPO road show—and even invited Musk’s mom
By Tristan BoveJune 5, 2026

U.S. and Iran appear far from peace deal 100 days since war began

U.S. and Iran appear far from peace deal 100 days since war began

By Arsalan Shahla, Sara Gharaibeh and BloombergJune 7, 2026

Repair Cafes, the Buy Nothing Project and tool libraries are part of an anticonsumerism trend rejecting mass-produced disposable goods

Repair Cafes, the Buy Nothing Project and tool libraries are part of an anticonsumerism trend rejecting mass-produced disposable goods

By Michael Weissenstein and The Associated PressJune 7, 2026

Gas over $4 looks like tipping point as Walmart customers don’t fill tanks, fast food loses cheapest diners

Gas over $4 looks like tipping point as Walmart customers don’t fill tanks, fast food loses cheapest diners

By Anne D'Innocenzio and The Associated PressJune 7, 2026

Sam Altman and Oliver Mulherin pose

OpenAI’s Sam Altman says his highly disciplined daily routine has ‘fallen to crap’—and now unwinds on weekends at a ranch with no cell phone service

By Jacqueline MunisJune 7, 2026

Male baby boomer looking worried

‘The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money

By Nick LichtenbergJune 7, 2026

Future of Work
AI productivity gains are real but so is bad management: ‘Leaders are really struggling to articulate what the vision and strategy is’
By Sasha RogelbergJune 5, 2026

sabes

Retiring at 62 costs the average American $250,000. Here’s the math (and the neuroscience) that explain why

By Jon SabesJune 7, 2026

Pastel colored sky casting shadows over the colorful houses and behind Sutro Tower.

This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first

By Jacqueline MunisJune 7, 2026

The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’

The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’

By Jason MaJune 6, 2026

Here’s where U.S. debt may become unsustainable with interest payments triggering a default crisis that even steep tax hikes can’t fix

Here’s where U.S. debt may become unsustainable with interest payments triggering a default crisis that even steep tax hikes can’t fix

By Jason MaJune 6, 2026

Oil drilling rises in longest U.S. streak since 2022 on price bump

Oil drilling rises in longest U.S. streak since 2022 on price bump

By Emma Sanchez and BloombergJune 6, 2026

Energy
Putin is running out of money to wage war on Ukraine, and this Russian-occupied territory is running out of fuel as Kyiv smashes supply lines
By Jason MaJune 5, 2026

SpaceX and other mega IPOs may wait years to join the S&P 500

SpaceX and other mega IPOs may wait years to join the S&P 500

By Bailey Lipschultz, Vildana Hajric and BloombergJune 6, 2026

Marvell Technology, Flex to join S&P 500 later this month

Marvell Technology, Flex to join S&P 500 later this month

By Isabelle Lee and BloombergJune 6, 2026

Ukraine targets St. Petersburg after Putin refuses talks

Ukraine targets St. Petersburg after Putin refuses talks

By BloombergJune 6, 2026

Why oil’s not at $200 after the biggest supply shock in history

Why oil’s not at $200 after the biggest supply shock in history

By Devika Krishna Kumar, Alex Longley, Yongchang Chin, Mia Gindis and BloombergJune 6, 2026

‘That’s the way life goes’: Trump tells Knicks fans who can’t afford tickets to ‘watch it on television’

Arts & Entertainment

‘That’s the way life goes’: Trump tells Knicks fans who can’t afford tickets to ‘watch it on television’

By Michelle L. Price, Will Weissert and The Associated PressJune 6, 2026

Trump issues pardon to former Republican congressman who made $350,000 in illegal gains from insider trading

Trump issues pardon to former Republican congressman who made $350,000 in illegal gains from insider trading

By The Associated PressJune 6, 2026

Trump says ‘situation with Iran seems to be going quite well’ while U.S. shoots down more missiles and drones near Strait of Hormuz

Trump says ‘situation with Iran seems to be going quite well’ while U.S. shoots down more missiles and drones near Strait of Hormuz

By Michelle L. Price, Samy Magdy and The Associated PressJune 6, 2026

Jamie Dimon in a New York skyscraper.

These 12 Fortune 500 companies have survived wars, crashes, and over 200 years of U.S. history

By Preston ForeJune 6, 2026

I’ve sold property on California’s Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle

By Lindsey HarnJune 6, 2026

home

One in five homebuyers is a single woman – here’s what’s driving the shift

By Kathy CollinsJune 6, 2026

Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision

Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision

By Sydney LakeJune 6, 2026

Photo of Elon Musk

Elon Musk bulletproofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla

By Amanda GerutJune 6, 2026

SpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation

SpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation

By Shawn TullyJune 6, 2026

denton

ICC Secretary General: The Hormuz clock that matters isn’t diplomatic — it’s agricultural

By John W.H. Denton AOJune 6, 2026

broker

Markets have worst day since October as tech stocks lead the way down, traders lose hope of rate cut

By Damian J. Troise, Alex Veiga and The Associated PressJune 5, 2026

Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out

Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out

By Jason MaJune 5, 2026

The Class of 2026: Meet the 12 companies making their Fortune 500 debut

Startups & Venture

The Class of 2026: Meet the 12 companies making their Fortune 500 debut

By Marco Quiroz-GutierrezJune 5, 2026

Shoppers search for meat and pork product inside Walmart store

The U.S. is still one of the world’s biggest meat producers. So why are Americans paying so much for beef?

By Tristan BoveJune 5, 2026

College Ave Private Student Loans review

Personal Finance

College Ave Private Student Loans review

By Joseph HostetlerJune 5, 2026

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Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

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By Catherina GioinoAugust 2, 2026

Personal Finance

How Zohran Mamdani's pied-à-terre tax exposed an epidemic of 'ghost cars' instead

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By Catherina GioinoAugust 4, 2026

Forget Gen Z: People in their 70s and 80s are some of the earliest Americans to welcome physical AI into their homes and daily routines

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By Marco Quiroz-GutierrezAugust 3, 2026

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