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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 82 of 100
Mortgage rates, April 8, 2026
Personal Finance
Mortgage rates, April 8, 2026
By Glen Luke FlanaganApril 8, 2026
  • iran
    Politics
    Iran’s president says 14 million have offered to risk their lives just to stand up to Trump
    By Bassem Mroue, David Rising, Samy Magdy and The Associated PressApril 7, 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
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
trump
Politics
Trump agrees 2-week ceasefire, says Iran has proposed a ‘workable’ 10-point peace plan
By Bassem Mroue, Jon Gambrell, Samy Magdy and The Associated PressApril 7, 2026
Photo of Jamie Dimon
Crypto
Jamie Dimon warns of growing crypto competition in annual letter: ‘We need to roll out our own blockchain technology’
By Jack KubinecApril 7, 2026
US President Donald Trump speaks about the conflict in Iran in the James S. Brady Press Briefing Room of the White House on April 6, 2026, in Washington, DC. (
Politics
Markets cheer as Trump says he’s in ‘heated negotiations’ over a new Pakistani two-week ceasefire plan 
By Eva RoytburgApril 7, 2026
  • felecia
    Success
    MacKenzie Scott rewrote the rules of philanthropy. Who will follow her lead?
    By Felecia HatcherApril 7, 2026
Donald Trump speaks and puts one hand in the air while standing in the Press Briefing Room.
Energy
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
By Sasha RogelbergApril 7, 2026
Doritos prices jumped 50% in four years and PepsiCo waited until it lost billions to do anything about it
Retail
Doritos prices jumped 50% in four years and PepsiCo waited until it lost billions to do anything about it
By Marco Quiroz-GutierrezApril 7, 2026
Aspire built a financial stack used by 50,000 firms. Now it’s coming to the U.S. to take on Ramp and Mercury
Banking
Aspire built a financial stack used by 50,000 firms. Now it’s coming to the U.S. to take on Ramp and Mercury
By Jeff John RobertsApril 7, 2026
Photo of Bill Ackman
Investing
Bill Ackman’s $64 billion Universal Music play is part of his strategy to become the next Warren Buffett
By Jacqueline MunisApril 7, 2026
The AI trade is over. Top Wall Street analysts say the AI opportunity might be just starting
Investing
The AI trade is over. Top Wall Street analysts say the AI opportunity might be just starting
By Nick LichtenbergApril 7, 2026
  • Empty storefront street with shop local sign
    Economy
    Small businesses are ‘doing fine.’ That’s a problem, says the U.S. Chamber of Commerce
    By Catherina GioinoApril 7, 2026
The megamanager era: AI is doubling bosses’ workloads—and the costs are just beginning to show
Future of Work
The megamanager era: AI is doubling bosses’ workloads—and the costs are just beginning to show
By Nick LichtenbergApril 7, 2026
Photo of Donald Trump
Economy
Trump, the $39 trillion national debt, rosy growth assumptions, and the question of ‘a sustainable path’
By Nick LichtenbergApril 7, 2026
The Chase logo on a green layered background.
Personal Finance
Chase CD rates July 2026
By Joseph HostetlerApril 7, 2026
Photo of Vinod Khosla
AI
Sam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans
By Nick LichtenbergApril 7, 2026
Photo of Mark Zandi
Economy
Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we’re already in one
By Jake AngeloApril 7, 2026
Members of security forces watch over the crowd during a funeral procession held for IRGC Navy Chief Alireza Tangsiri, alongside other senior naval commanders and their families who were killed in US-Israeli strikes in late March, on April 1, 2026 in Tehran, Iran.
Politics
Iranians begin forming human chains around power plants ahead of Trump’s deadline, social media videos show
By Eva RoytburgApril 7, 2026
Bitcoin slides with risk assets as Trump’s Iran ultimatum looms
Crypto
Bitcoin slides with risk assets as Trump’s Iran ultimatum looms
By Suvashree Ghosh, Melos Ambaye and BloombergApril 7, 2026
The four Artemis II astronauts wearing their orange suits
Success
Artemis II’s astronauts are on their way home—a six-figure salary but no overtime or hazard pay awaits them back on Earth
By Preston ForeApril 7, 2026
UNITED STATES - APRIL 6: President Donald Trump talks with reporters on the South Lawn during the White House Easter Egg Roll on Monday, April 6, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
Politics
Trump’s dire warning to Iran: ‘A whole civilization will die tonight, never to be brought back again’
By Eva RoytburgApril 7, 2026
curtin
Commentary
TE Connectivity CEO: the real promise of AI is long-term transformation, not short-term efficiency gains
By Terrence CurtinApril 7, 2026
Current price of gold as of April 7, 2026
Personal Finance
Current price of gold as of April 7, 2026
By Danny BakstApril 7, 2026
Top CD rates from major banks April 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on April 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerApril 7, 2026
Tesla CEO Elon Musk
Investing
A J.P. Morgan analyst sees 60% downside to Tesla stock—and he may be too optimistic
By Shawn TullyApril 7, 2026
Current price of Ethereum for April 7, 2026
Personal Finance
Current price of Ethereum for April 7, 2026
By Joseph HostetlerApril 7, 2026
Current price of Bitcoin for April 7, 2026
Personal Finance
Current price of Bitcoin for April 7, 2026
By Joseph HostetlerApril 7, 2026
Current price of oil as of April 7, 2026
Personal Finance
Current price of oil as of April 7, 2026
By Joseph HostetlerApril 7, 2026
Current price of silver as of Tuesday, April 7, 2026
Personal Finance
Current price of silver as of Tuesday, April 7, 2026
By Joseph HostetlerApril 7, 2026
trump
Politics
‘I’d love to keep that a secret, Mr. President’: Trump’s boasts about Iran rescue flummox top advisors
By Jonathan J. Cooper, Konstantin Toropin, Farnoush Amiri and The Associated PressApril 7, 2026
AI is moving fast. CFOs have a narrow window to shape its value
Newsletters
AI is moving fast. CFOs have a narrow window to shape its value
By Sheryl EstradaApril 7, 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
By Preston ForeJuly 4, 2026
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