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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.
Iran’s envoy to China says Beijing to get Hormuz concessions
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
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’
By The Associated PressJuly 4, 2026
Costco CEO promises the $1.50 hot dog isn’t going away: ‘The price will not change as long as I’m around’
Costco CEO promises the $1.50 hot dog isn’t going away: ‘The price will not change as long as I’m around’
By Sydney LakeJuly 4, 2026
How a third-generation Texas oilman transformed an organic farming company into a leading advanced nuclear startup at a small Christian college
How a third-generation Texas oilman transformed an organic farming company into a leading advanced nuclear startup at a small Christian college
By Jordan BlumJuly 4, 2026
Older worker sad at laptop
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
By Emma BurleighJuly 4, 2026
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
By Michelle L. Price and The Associated PressJuly 4, 2026
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Economy
More in Economy
Photo: Paris, france
Brutal heatwave in France is killing 2,000 people per week, undertakers are overwhelmed, and health agency says there’s worse to come

Funeral service directors have said they’ve struggled to find places to store bodies before burial or cremation, with some saying they had to turn bodies away.

By John Leicester and The Associated PressJuly 3, 2026
On Wall Street, analysts increasingly don’t believe the U.S. government’s ‘misleading’ job numbers

“These data are misleading and should be disregarded,” Jamie Cox of Harris Financial Group says.

By Jim EdwardsJuly 3, 2026
Inside the mind of Kevin Warsh: As told by his former boss Condoleezza Rice, his college friend, and his closest partner during the financial crisis

“Kevin’s one of those people who demands more of himself than others could ever,” Condoleezza Rice exclusively tells Fortune.

By Eleanor PringleJuly 3, 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
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
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
‘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
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
More in Banking
Personal Finance
More in Personal Finance
Elon Musk with a black DOGE hat
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
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
Top CD rates today, July 3, 2026: Lock in up to up to 4.40%

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

By Glen Luke FlanaganJuly 3, 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
More in Personal Finance
Investing
More in Investing
bis
Global stocks stage a rally as American markets take the day off

Risk on!

By Elaine Kurtenbach and The Associated PressJuly 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
Trump stopped talking about these media stocks, but his portfolio didn’t stop trading them

Trump, Comcast and Warner Bros. Discovery: a story of silence, activity and pending M&A deals.

By Mia OsmonbekovJuly 2, 2026
‘More fizzle than sparkle’: June jobs report fails to launch a July 4 firework

Chief economists and CIOs sounded gloomy notes. LPL Financial’s Jeffrey Roach calculated that 105.8 million Americans have left the labor market.

By Nick LichtenbergJuly 2, 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
Photo: Russian President Vladimir Putin Attends ASEAN-Russia Summit
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
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
The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)

As jet fuel prices doubled, DHL Express has diversified supplies, rerouted aircraft, and shifted to sustainable alternatives to keep its 295 planes delivering.

By Sam ForsdickJuly 1, 2026
Current price of oil as of July 2, 2026

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

By Joseph HostetlerJuly 2, 2026
More in Energy
Crypto
More in Crypto
Securitize CEO Carlos Domingo looks to the far right during a conference.
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
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
Why CFOs should pay attention to Open USD—the new stablecoin backed by more than 140 companies

A new stablecoin consortium aims to turn idle settlement cash into yield for banks and fintechs.

By Sheryl EstradaJuly 2, 2026
‘A witches’ brew’: Washington’s ethics establishment reacts to Trump’s $2.2 billion windfall—they’re shocked but not surprised

“It’s all heinous,” former ethics czar Norm Eisen said. “You can anticipate that we’ll be looking at legal remedies for this startling state of affairs.”

By Nick LichtenbergJuly 2, 2026
More in Crypto
Latest Stories
Trump allies double down on efforts to reshape Federal Reserve
Politics
Trump allies double down on efforts to reshape Federal Reserve
By Saleha Mohsin, Joshua Green and BloombergJuly 4, 2026
usa
North America
Before independence, America tried — and failed — to conquer Canada
By Sarah M.S. Pearsall and The ConversationJuly 4, 2026
The 1964 box set that predicted Dylan going electric — and still explains American music today
Arts & Entertainment
The 1964 box set that predicted Dylan going electric — and still explains American music today
By Ted Olson and The ConversationJuly 4, 2026
p
Politics
69% of Americans think the founders would be disappointed in democracy today. A French philosopher predicted why
By Robert A. Ballingall and The ConversationJuly 4, 2026
t
Politics
Trump White House can reinstall its sanitized history of slavery at George Washington’s house, appeals court rules
By Geoff Mulvihill, Nick Lichtenberg and The Associated PressJuly 4, 2026
w
Travel & Leisure
‘I can understand the, um, obesity here’: The World discovers American cuisine at the World Cup
By Dee-Ann Durbin and The Associated PressJuly 4, 2026
dec
North America
A retired insurance executive found a lost Declaration of Independence in Britain’s National Archives
By Danica Kirka and The Associated PressJuly 4, 2026
ring
Politics
Belgium got its tariffs cut. Then it sent Trump a diamond Superman ring
By Sam McNeil and The Associated PressJuly 4, 2026
More FinancePage 64 of 100
panama
Energy
Panama Canal surge pricing: up to $4 million paid out with Strait of Hormuz still closed
By Alma Solis, Megan Janetsky and The Associated PressApril 24, 2026
  • Stressed out Gen X woman
    Success
    Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
    By Emma BurleighApril 23, 2026
Aditi Maliwal speaks while sitting
Newsletters
Upfront’s Aditi Maliwal makes 3 bets a year and ignores the hype cycle
By Lily Mae LazarusApril 24, 2026
Gas prices over five dollars a gallon are displayed at an Exxon gas station near the U.S. Capitol Building on March 31, 2026 in Washington, DC.
Economy
Good news: Rumors of a K-shaped economy are overblown so far, says Goldman Sachs. Bad news: 2026 is the year it will really bite
By Eleanor PringleApril 24, 2026
Top CD rates, April 24, 2026: Lock in up to up to 4.20%
Personal Finance
Top CD rates, April 24, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganApril 24, 2026
The top high-yield savings rates: Up to 5.00% on April 24, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on April 24, 2026
By Glen Luke FlanaganApril 24, 2026
Photo: Donald Trump.
Energy
Stocks slump globally as Trump says he’s in no rush to end the war—and California is running out of jet fuel
By Jim EdwardsApril 24, 2026
  • chernobyl
    Energy
    40 years after Chernobyl, Iran War pushes world toward nuclear again. What could go wrong?
    By Vladimir Isachenkov and The Associated PressApril 23, 2026
robert isom
Investing
American Airlines CEO calls United merger a ‘nonstarter’: ‘No way to view that as anything but anticompetitive’
By Jake AngeloApril 24, 2026
The Valero Refinery in Benicia, Calif., on Wednesday, April 16, 2025. Valero is closing its refinery in Benicia in April 2026. (Photo by Carlos Avila Gonzalez/San Francisco Chronicle via Getty Images)
Energy
California’s oil and jet fuel supply is getting slammed by a perfect storm of unfortunate timing—and help is years away
By Jordan BlumApril 24, 2026
Mortgage rates, April 24, 2026
Personal Finance
Mortgage rates, April 24, 2026
By Glen Luke FlanaganApril 24, 2026
Current refi mortgage rates report for April 24, 2026
Personal Finance
Current refi mortgage rates report for April 24, 2026
By Glen Luke FlanaganApril 24, 2026
Current ARM mortgage rates report for April 24, 2026
Personal Finance
Current ARM mortgage rates report for April 24, 2026
By Glen Luke FlanaganApril 24, 2026
  • trump
    Politics
    413 million bets with over $100 million at stake: the latest Polymarket insider trading Trump controversy
    By Bernard Condon and The Associated PressApril 23, 2026
Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots
Big Tech
Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots
By Alexei OreskovicApril 23, 2026
Feds charge U.S. Army soldier who made $400,000 from Polymarket bets tied to Maduro capture
Law
Feds charge U.S. Army soldier who made $400,000 from Polymarket bets tied to Maduro capture
By Jeff John RobertsApril 23, 2026
Zohran Mamdani
Personal Finance
Ken Griffin’s Citadel fires back at NYC Mayor Zohran Mamdani ‘tax the rich’ video featuring his $238 million penthouse
By Catherina GioinoApril 23, 2026
Should you pay off debt or save? How to decide
Personal Finance
Should you pay off debt or save? How to decide
By Joseph HostetlerApril 23, 2026
You can fly almost anywhere in Europe for €20 while Spirit Airlines is staving off bankruptcy. Here’s the difference
Politics
You can fly almost anywhere in Europe for €20 while Spirit Airlines is staving off bankruptcy. Here’s the difference
By Catherina GioinoApril 23, 2026
Tesla stock dives on news that it earned next to nothing on cars in Q1, and plans to spend $25 billion in CapEx anyway
Big Tech
Tesla stock dives on news that it earned next to nothing on cars in Q1, and plans to spend $25 billion in CapEx anyway
By Shawn TullyApril 23, 2026
How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
Asia
How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
By Nicholas Gordon and Angelica AngApril 23, 2026
ken
Commentary
The longevity revolution is here. Our systems still think we die at 65
By Ken DychtwaldApril 23, 2026
anirudh
Conferences
Cadence CEO on the AI boom and human nature: ‘there are more tools, but the human part is not different’
By Nick LichtenbergApril 23, 2026
Meta, Microsoft look to trim workforces amid heavy AI spending
Big Tech
Meta, Microsoft look to trim workforces amid heavy AI spending
By Kurt Wagner, Brody Ford and BloombergApril 23, 2026
President Donald Trump
Economy
People living in the U.S. with temporary protected status, targeted by Trump, are a $29 billion economic force
By Tristan BoveApril 23, 2026
A trader works at the New York Stock Exchange in New York on April 22, 2026.
Big Tech
Stocks retreat from record highs as Tesla weighs on Wall Street and oil jumps on Iran uncertainty
By Stan Choe and The Associated PressApril 23, 2026
trump
Energy
Trump’s strategy for a mined-shut Strait of Hormuz: appease Joe Rogan with psychedelics and weed
By Nick LichtenbergApril 23, 2026
David Ellison smiles
Arts & Entertainment
Paramount’s $81 billion Warner Bros mega merger moves closer to becoming a reality as shareholders approve deal
By Wyatte Grantham-Philips and The Associated PressApril 23, 2026
A man walks on a patch of land that is dried and cracked
Environment
The world has entered a ‘global water bankruptcy,’ but markets are mispricing water as drought costs rise to $307 billion annually, analysts warn
By Sasha RogelbergApril 23, 2026
nunes
Politics
Devin Nunes is no longer CEO of Truth Social after 67% stock plunge wipes out $6 billion in market cap
By Bernard Condon and The Associated PressApril 23, 2026
Sad nurse sitting on stairs reading bad news on mobile phone
Economy
The tech industry is applying an Uber-style ‘gigification’ model to nursing. It means no workers’ comp, AI managers, and ‘surveillance wages’
By Tristan BoveApril 23, 2026
U.S. President Donald Trump speaking in the White House Oval Office
Crypto
Trump’s team is hosting another memecoin conference. The price to attend has dropped dramatically
By Jack KubinecApril 23, 2026
fatih birol
Energy
‘The biggest energy security threat in history’: IEA chief warns 13 million barrels a day are gone with no cure in sight
By Jake AngeloApril 23, 2026
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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
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998placeholder alt text
By Nick LichtenbergJuly 3, 2026
Success
Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of livingplaceholder alt text
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