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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.
The supertanker tycoon making millions on Hormuz shuttle runs
The supertanker tycoon making millions on Hormuz shuttle runs

Ga-Hyun Chung, an intensely private Korean shipping tycoon, rocked the tanker industry early this year as his Sinokor Group embarked on an unprecedented buying spree.

By Weilun Soon, Alex Longley, Anthony Di Paola and BloombergJuly 5, 2026
The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns
The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns
By Jason MaJuly 5, 2026
Oil, gas tankers cross Hormuz via Oman-side route after U-turns
Oil, gas tankers cross Hormuz via Oman-side route after U-turns
By Weilun Soon, Paul Burkhardt and BloombergJuly 5, 2026
As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer
As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer
By Mae Anderson and The Associated PressJuly 5, 2026
France’s richest man Arnault hit with €22 million tax assessment
France’s richest man Arnault hit with €22 million tax assessment
By Claudia Cohen and BloombergJuly 5, 2026
SK Hynix seeks access to AI investors in $29 billion U.S. listing
SK Hynix seeks access to AI investors in $29 billion U.S. listing
By Bailey Lipschultz, Jeran Wittenstein, Yiqin Shen and BloombergJuly 5, 2026
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Economy
More in Economy
a
America’s entrepreneurial boom begins long before venture capital

Latino-owned businesses added 180,000 net new firms between 2017 and 2023 while white-owned firms declined — and the talent pipeline behind that growth runs through Minority-Serving Institutions now facing funding uncertainty.

By Anthony HernandezJuly 5, 2026
Russia’s fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — ‘Are we in the Soviet Union?’

Energy analysts have estimated that 25% or more of Russia’s oil refining capacity has been taken offline by Ukraine’s drone attacks.

By Jason MaJuly 4, 2026
Iran’s envoy to China says Beijing to get Hormuz concessions

China, which buys almost all of Iran’s oil exports, on Friday called for the unhindered flow of shipping through the Strait of Hormuz.

By BloombergJuly 4, 2026
U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower

Hamilton recognized how debt can unlock resources that could transform the young republic. But first he had to untangle the mess created by the Revolutionary War.

By Jason MaJuly 4, 2026
More in Economy
Banking
More in Banking
JPMorgan built a pipeline of female CEO candidates that was the envy of Wall Street. How did it fall apart?
JPMorgan built a pipeline of female CEO candidates that was the envy of Wall Street. How did it fall apart?

Marianne Lake’s retirement from JPMorgan marked the end of the bank’s chance to elevate a woman to one of the world’s top jobs.

By Emma HinchliffeJuly 4, 2026
Trump is already causing a headache for his new Fed chairman, saying the central bank’s board is ‘hostile’ and ‘doing the wrong thing’

Trump claimed the board is “a little hostile” toward new Fed Chairman Warsh.

By Eleanor PringleJuly 3, 2026
The top high-yield savings rates: Up to 4.50% on July 3, 2026

Check out the highest savings account rates available on May 8, 2026. Some high-yield savings accounts are still offering rates around 5%.

By Glen Luke FlanaganJuly 3, 2026
A $75 billion valuation, 75 million global customers and on its way to America—Revolut is London’s disruptor extraordinaire

Investors are betting big on Revolut. Valued at $75bn in its latest fundraising round, the fintech is targeting a $200bn-plus IPO with backing from Nvidia and SoftBank

By Kamal AhmedJuly 3, 2026
More in Banking
Personal Finance
More in Personal Finance
Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice
Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice

Money contributed to Trump Accounts at launch will be put in the State Street SPDR Portfolio S&P 500 ETF as an initial default investment.

By Jason MaJuly 4, 2026
A quarter of young baby boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work

Just as financial pressure peaks, many Gen Xers are finding themselves overlooked, underpaid, and edged out.

By Emma BurleighJuly 4, 2026
YouTube’s founders split over $650 million when they sold to Google in 2006—had they held out, they could have taken a slice of $550 billion

YouTube’s cofounders could all be part of the billionaire club alongside Google’s Sundar Pichai had they kept the business: It’s grown some 333x since they cashed out.

By Preston ForeJuly 3, 2026
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

Donations from individuals hit $394B last year, but a 17% rise in bequests points to a shift in philanthropy driven by the Great Wealth Transfer.

By Preston ForeJuly 4, 2026
More in Personal Finance
Investing
More in Investing
Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI
Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI

O’Leary says young entrepreneurs shouldn’t chase flashy AI, they should instead try to build its backbone.

By Marco Quiroz-GutierrezJuly 5, 2026
Elon Musk can’t sell a single SpaceX share for a year—and then all the locks crack open at once

The rocket maker’s gated stock-sale structure is designed to keep billions of shares from cratering the stock price.

By Amanda GerutJuly 3, 2026
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter

The Big Short investor calls Caterpillar one of the market’s most overvalued AI trades—but an analyst argues the rally reflects a real structural shift.

By Marco Quiroz-GutierrezJuly 2, 2026
Global stocks stage a rally as American markets take the day off

Risk on!

By Elaine Kurtenbach and The Associated PressJuly 3, 2026
More in Investing
Real Estate
More in Real Estate
Woman sitting in front of her house
Airbnb offered $750 to Americans to open up their homes during the World Cup—mostly women took it up and now they’re earning thousands

The average host short-term rental host will get a $3,000 payday for renting out their space during the World Cup. Women are jumping on the opportunity.

By Emma BurleighJuly 3, 2026
Mortgage rates today, July 3, 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 FlanaganJuly 3, 2026
Current ARM mortgage rates report for July 3, 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 FlanaganJuly 3, 2026
Current refi mortgage rates report for July 3, 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 FlanaganJuly 3, 2026
More in Real Estate
Energy
More in Energy
Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’
Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’

Ukrainian President Volodymyr Zelenskyy described the attack as part of Ukraine’s “long-range sanctions” against Russia.

By The Associated PressJuly 4, 2026
How a third-generation Texas oilman transformed an organic farming company into a leading advanced nuclear startup at a small Christian college

See inside the race to scale up next-gen nuclear to power the AI data center boom.

By Jordan BlumJuly 4, 2026
A 2-year taste of the office was enough to make 3 grads quit. Now they run a $13.2 billion investment firm: ‘We didn’t want a traditional job again’

The trio quit their grad scheme with $25K and no business plan to found Octopus Group, the firm behind Octopus Energy: “Everyone thought we were mad.”

By Orianna Rosa RoyleJuly 2, 2026
Russians live with fuel shortages and rationing as Putin insists the war against Ukraine will go on

Ukraine has struck more than 50 oil refining sites in Russia but Putin presses on.

By The Associated PressJuly 3, 2026
More in Energy
Crypto
More in Crypto
t
‘I AM SETTING THEM ALL FREE, RIGHT NOW!’ Trump’s pre-July 4 Friday news dump included pardons for 11 people including ex-Abramoff partner

Buried in Friday’s pardon list: a Jack Abramoff-era fraudster who later threw a fundraiser at Mar-a-Lago — now a free man.

By Michelle L. Price and The Associated PressJuly 4, 2026
‘We are in a new era’: Trump’s bombshell $2.2 billion income haul, the ‘Big Player Theory’ and what happens when the president becomes the bubble

In the age of artificial intelligence, Syracuse University’s Robert Koppl, progenitor of “big player theory,” told Fortune, we have “augmented ignorance.”

By Nick LichtenbergJuly 3, 2026
Former Iran director at NSC: Crypto legislation is a ticket to sanctions evasion

As the Senate weighs the CLARITY Act, gaps in oversight could hand adversaries new ways to evade sanctions and launder money.

By Richard NephewJuly 2, 2026
Securitize is latest crypto company to go public as BlackRock-backed firm sees stock jump 3% on debut

The company raised $400 million after merging with a special-purpose acquisition vehicle on Thursday.

By Camila Grigera NaónJuly 2, 2026
More in Crypto
Latest Stories
After a nearly 800% explosion, this AI stock’s U.S. debut could signal if the market can still boom—or is headed for a bust
AI
After a nearly 800% explosion, this AI stock’s U.S. debut could signal if the market can still boom—or is headed for a bust
By Jason MaJuly 5, 2026
Meet Atlas, the humanoid robot that delivered the game ball.
Innovation
Meet the soccer-playing humanoid robot that just delivered the game ball at the Brazil v. Norway FIFA World Cup match
By Catherina GioinoJuly 5, 2026
FIFA allows U.S. star Balogun to play Belgium despite red card
North America
FIFA allows U.S. star Balogun to play Belgium despite red card
By Yash Roy, Maria Paula Mijares Torres and BloombergJuly 5, 2026
Alibaba gets reprieve on lobbying ban tied to DoD blacklist
Law
Alibaba gets reprieve on lobbying ban tied to DoD blacklist
By Kate O'Keeffe and BloombergJuly 5, 2026
Nvidia supplier Hon Hai’s sales beat on continued AI demand
Asia
Nvidia supplier Hon Hai’s sales beat on continued AI demand
By Debby Wu and BloombergJuly 5, 2026
Seventh film in animated franchise beats the fifth installment of another cartoon juggernaut at the box office
Arts & Entertainment
Seventh film in animated franchise beats the fifth installment of another cartoon juggernaut at the box office
By The Associated PressJuly 5, 2026
The Trump administration will use the same company that tried to renovate the Reflecting Pool to repair it — ‘because they did a fantastic job’
Politics
The Trump administration will use the same company that tried to renovate the Reflecting Pool to repair it — ‘because they did a fantastic job’
By Steve Peoples and The Associated PressJuly 5, 2026
Investment firm’s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners
Law
Investment firm’s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners
By Jason MaJuly 5, 2026
More FinancePage 51 of 100
pliego
Law
‘I feel like an absolute idiot. How could I fall for this?’ Mexican billionaire scammed out of $450 million by Russian claiming to be an Astor
By Dave Collins and The Associated PressMay 6, 2026
  • theo
    Commentary
    The hidden bottleneck holding back American manufacturing isn’t machines — it’s knowledge
    By Theo SavilleMay 6, 2026
This September 25, 2021 picture shows the deserted beach of Blue Bay in south-east Mauritius, known as one of the most beautiful beaches and for its marine park.
Banking
Tiny island nation unveils $1 million ‘Golden Visa’ for the wealthy—80% cheaper than Trump’s, with one catch: you’re renting
By Eleanor PringleMay 6, 2026
trump
Politics
Trump claims he’s close to a deal with Iran and ‘if they don’t agree, the bombing starts’
By Josh Boak, E. Eduardo Castillo, Elena Becatoros and The Associated PressMay 6, 2026
The IRS may owe COVID-era refunds to tens of millions of taxpayers. Here’s who could qualify
Personal Finance
The IRS may owe COVID-era refunds to tens of millions of taxpayers. Here’s who could qualify
By Sydney LakeMay 6, 2026
Gas crisis? Kelp could be the biofuel answer to high gas prices, but only if the government removes some red tape
Environment
Gas crisis? Kelp could be the biofuel answer to high gas prices, but only if the government removes some red tape
By The Associated Press, Ana Georgescu and Zoe BeketovaMay 6, 2026
anis
Commentary
AI, robotics, climate tech: How VCaaS helps corporations enter deep tech safely
By Anis UzzamanMay 6, 2026
  • The Iran war’s oil shock causes a plastic shortage in Asia, squeezing industries and prompting a ‘Middle East plus one’ rethink of supply chains
    Environment
    The Iran war’s oil shock causes a plastic shortage in Asia, squeezing industries and prompting a ‘Middle East plus one’ rethink of supply chains
    By Angelica AngMay 6, 2026
Donald Trump stands behind a podium, mimicking holding a gun.
Economy
‘Different from anything in the past 80 years of dollar dominance’: U.S. sanctions spur a ‘paradox’ pushing allies away from American currency
By Sasha RogelbergMay 6, 2026
Current price of gold as of May 6, 2026
Personal Finance
Current price of gold as of May 6, 2026
By Danny BakstMay 6, 2026
Current price of Ethereum for May 6, 2026
Personal Finance
Current price of Ethereum for May 6, 2026
By Joseph HostetlerMay 6, 2026
Current price of Bitcoin for May 6, 2026
Personal Finance
Current price of Bitcoin for May 6, 2026
By Joseph HostetlerMay 6, 2026
Top CD rates from major banks May 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on May 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMay 6, 2026
  • Man in suit coat with hands gesturing
    Investing
    Supermicro CEO insists ‘no one’ beyond indicted employees were involved in alleged $2.5 billion smuggling scheme
    By Amanda GerutMay 5, 2026
mckinsey
Commentary
The U.S. leads in 14 of 18 industries shaping the future economy — but the lead isn’t guaranteed
By Kevin Russell, Chris Bradley and Kweilin EllingrudMay 6, 2026
Current price of oil as of May 6, 2026
Personal Finance
Current price of oil as of May 6, 2026
By Joseph HostetlerMay 6, 2026
Current price of silver as of Wednesday, May 6, 2026
Personal Finance
Current price of silver as of Wednesday, May 6, 2026
By Joseph HostetlerMay 6, 2026
griffin
Politics
Ken Griffin says Zohran Mamdani video shocked him: ‘It took a moment to digest what I was watching’
By Nick LichtenbergMay 6, 2026
huang
AI
Jensen Huang on why ‘agentic’ will rewire a $50 trillion economy: ‘operated by robots, managed by more robots, and the entire factory is a robot’
By Nick LichtenbergMay 6, 2026
How Amex CEO Stephen Squeri is winning over younger customers
Newsletters
How Amex CEO Stephen Squeri is winning over younger customers
By Sheryl EstradaMay 6, 2026
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
Economy
A year after Liberation Day, Trump’s tariffs have done ‘significant damage’ to the U.S. economy, says Moody’s chief economist
By Eleanor PringleMay 6, 2026
Top CD rates, May 6, 2026: Lock in up to up to 4.20%
Personal Finance
Top CD rates, May 6, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganMay 6, 2026
The top high-yield savings rates: Up to 5.00% on May 6, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on May 6, 2026
By Glen Luke FlanaganMay 6, 2026
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
Energy
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
By Jim EdwardsMay 6, 2026
melania
Commentary
Teachers union chief: Melania Trump’s robot reveals what this administration really thinks of children
By Randi WeingartenMay 6, 2026
ludwig
Commentary
Former Comptroller: the cost of living has risen 106% since 2001. Government inflation data doesn’t show it
By Gene LudwigMay 6, 2026
Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly
Energy
Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly
By Jordan BlumMay 6, 2026
Mortgage rates, May 6, 2026
Personal Finance
Mortgage rates, May 6, 2026
By Glen Luke FlanaganMay 6, 2026
Current refi mortgage rates report for May 6, 2026
Personal Finance
Current refi mortgage rates report for May 6, 2026
By Glen Luke FlanaganMay 6, 2026
Current ARM mortgage rates report for May 6, 2026
Personal Finance
Current ARM mortgage rates report for May 6, 2026
By Glen Luke FlanaganMay 6, 2026
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
Magazine
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
Magazine
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
By Shawn TullyMay 6, 2026
Photo of Marc Benioff
Magazine
Salesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
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AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AIplaceholder alt text
By Marco Quiroz-GutierrezJuly 5, 2026
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of livingplaceholder alt text
By Preston ForeJuly 4, 2026
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggsplaceholder alt text
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
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