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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
Fortune banner
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 81 of 100
The Iran war is either concluding with the world worse off, or escalation is just delayed again
Energy
The Iran war is either concluding with the world worse off, or escalation is just delayed again
By Jordan BlumApril 8, 2026
  • Mortgage rates, April 8, 2026
    Personal Finance
    Mortgage rates, April 8, 2026
    By Glen Luke FlanaganApril 8, 2026
Traders work on the floor of the New York Stock Exchange (NYSE) on April 04, 2025 in New York City.
Politics
Within a day, the Iran-U.S. ceasefire began breaking down. Markets shrugged
By Eva RoytburgApril 8, 2026
Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets
Investing
Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets
By Marco Quiroz-GutierrezApril 8, 2026
How dual incomes and the tech boom turned the upper middle class into America’s biggest income group
Personal Finance
How dual incomes and the tech boom turned the upper middle class into America’s biggest income group
By Sam Klebanov and Morning BrewApril 8, 2026
Morgan Stanley’s Bitcoin ETF began trading. An analyst put it in the top 1% of ETF launches
Crypto
Morgan Stanley’s Bitcoin ETF began trading. An analyst put it in the top 1% of ETF launches
By Jack KubinecApril 8, 2026
southwest
North America
Less than a year after ditching its famous ‘bags fly free’ policy, Southwest is hiking prices again
By Rio Yamat and The Associated PressApril 8, 2026
  • Bed Bath & Beyond’s Container Store acquisition echoes past retail mergers that failed to deliver
    Retail
    Bed Bath & Beyond’s Container Store acquisition echoes past retail mergers that failed to deliver
    By Phil WahbaApril 8, 2026
A woman shops in the produce aisle
Economy
‘You can never really catch up’: The Iran war is exacerbating already high grocery bills, and it will only get worse if the war continues, experts say
By Jacqueline MunisApril 8, 2026
The New York Times says it found Satoshi Nakamoto, the inventor of Bitcoin. Not so fast
Crypto
The New York Times says it found Satoshi Nakamoto, the inventor of Bitcoin. Not so fast
By Jeff John RobertsApril 8, 2026
Jamie Dimon, in front of a colorful background, gestures with one hand outstretched, covering part of his face.
Banking
Jamie Dimon warned high taxes would push business out of New York, but the city is honing its edge over Miami in attracting top talent, report finds
By Sasha RogelbergApril 8, 2026
Jimmy Donaldson, aka MrBeast
Success
Self-made billionaire MrBeast says his work-life balance is nonexistent and calls it a ‘miracle’ if he works less than 15-hour days: ‘I live to work’
By Preston ForeApril 8, 2026
housing
Commentary
The housing market has been frozen for 3 years. Here’s why this spring could finally change that
By Jessica LautzApril 8, 2026
  • Asian stocks rally after Trump’s Iran ceasefire and ‘immediate’ Hormuz opening—even as it remains unclear how open the strait actually is
    Asia
    Asian stocks rally after Trump’s Iran ceasefire and ‘immediate’ Hormuz opening—even as it remains unclear how open the strait actually is
    By Angelica AngApril 8, 2026
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on April 7, 2026.
Economy
From brinkmanship to TACO: Trump’s Iran pause triggers $1.5 trillion market rally
By Eva RoytburgApril 8, 2026
Worker smiles happily at phone
Success
A Wall Street bank is giving workers earning under $100K over $6,000 in cash to get on the property ladder
By Emma BurleighApril 8, 2026
woman with ring light and iphone
Law
China is going after fake expert influencers, and the FTC’s new five-year plan seems to lay the same groundwork
By Catherina GioinoApril 8, 2026
trump
Europe
Donald Trump Jr. says ‘the biggest names’ think Europe is a ‘disaster’ that needs to be fixed
By The Associated PressApril 8, 2026
Top CD rates from major banks April 8, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on April 8, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerApril 8, 2026
Current price of Ethereum for April 8, 2026
Personal Finance
Current price of Ethereum for April 8, 2026
By Joseph HostetlerApril 8, 2026
Current price of Bitcoin for April 8, 2026
Personal Finance
Current price of Bitcoin for April 8, 2026
By Joseph HostetlerApril 8, 2026
agent
AI
What do you do when your AI agent hallucinates with your money?
By Nick LichtenbergApril 8, 2026
Current price of gold as of April 8, 2026
Personal Finance
Current price of gold as of April 8, 2026
By Danny BakstApril 8, 2026
In this photo illustration, the logo of Oracle Corporation is displayed on a smartphone screen, with the company’s signature red branding visible in the background
Newsletters
Why Oracle’s new CFO Hilary Maxson is key to its AI ambitions
By Sheryl EstradaApril 8, 2026
Current price of oil as of April 8, 2026
Personal Finance
Current price of oil as of April 8, 2026
By Joseph HostetlerApril 8, 2026
Current price of silver as of Wednesday, April 8, 2026
Personal Finance
Current price of silver as of Wednesday, April 8, 2026
By Joseph HostetlerApril 8, 2026
Jamie Dimon, chief executive officer of JPMorgan Chase
Economy
The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
By Eleanor PringleApril 8, 2026
Photo: Donald Trump
Economy
Trump’s ceasefire gives Iran control of the Strait of Hormuz—and Mojtaba Khamenei is reportedly alive
By Jim EdwardsApril 8, 2026
Top CD rates, April 8, 2026: Lock in up to up to 4.20%
Personal Finance
Top CD rates, April 8, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganApril 8, 2026
The top high-yield savings rates: Up to 5.00% on April 8, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on April 8, 2026
By Glen Luke FlanaganApril 8, 2026
A16z-backed Infinite Machine is building e-bikes that feel like mopeds. Cyclists may have some qualms
Newsletters
A16z-backed Infinite Machine is building e-bikes that feel like mopeds. Cyclists may have some qualms
By Jessica MathewsApril 8, 2026
Current refi mortgage rates report for April 8, 2026
Personal Finance
Current refi mortgage rates report for April 8, 2026
By Glen Luke FlanaganApril 8, 2026
Current ARM mortgage rates report for April 8, 2026
Personal Finance
Current ARM mortgage rates report for April 8, 2026
By Glen Luke FlanaganApril 8, 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
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AI
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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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