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Current price of oil as of June 16, 2026

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Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

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Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

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Current price of oil as of June 16, 2026

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Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

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Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
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Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.
Michael Burry is ‘tempted’ to short Elon Musk’s SpaceX, but says it’s not enticing enough for ‘fundamentally a small space company’

“I am not involved with SpaceX now. Neither short nor, ahem, long,” wrote Burry.

By Eleanor PringleJune 17, 2026
Exclusive: Universal beat Disney as Hollywood’s maker of the most expensive movie of all time 
Exclusive: Universal beat Disney as Hollywood’s maker of the most expensive movie of all time 
By Christian SyltJune 17, 2026
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
By Allie GarfinkleJune 17, 2026
aidan
Cohere CEO on G7 leaders’ choice: sovereign AI or digital serfdom
By Aidan GomezJune 17, 2026
The art of the bail: Iran got what it wanted. Did the U.S.? Everyone is judging Trump’s MIA MOU
The art of the bail: Iran got what it wanted. Did the U.S.? Everyone is judging Trump’s MIA MOU
By Jim EdwardsJune 17, 2026
op
Your raise used to go offshore. Then it went to a buyback. Now it’s going to a data center
By Nick LichtenbergJune 17, 2026
News
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Doctors and nurses huddle in a hospital hallway
Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses

The Trump administration says borrowing caps will incentivize universities to lower costs, but Republicans aren’t taking that chance with nurses. 

By Jacqueline MunisJune 17, 2026
‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983

The 2026 Social Security Trustees’ Report finds the worst financial outlook in nearly half a century—and a new law signed this year made things worse.

By Nick LichtenbergJune 17, 2026
Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it

With its decision on Anthropic’s Mythos and Fable, the Trump administration has created a de facto licensing regime that throws into question the trajectory of frontier AI development.

By Jeremy KahnJune 16, 2026
Trump turned the dollar into a foreign policy tool, and now risks undermining the currency’s extraordinary status, think tank says

The administration is turning emergency dollar lifelines into geopolitical favors. Economists say that bargain could come at a steep cost.

By Tristan BoveJune 16, 2026
More in News
North America
More in North America
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The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America

Nuri Katz has spent 34 years moving the world’s ultra-rich from one country to another, and now Americans top the list: “I’ve never seen that before.”

By Nick LichtenbergJune 17, 2026
Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

By Sasha RogelbergJune 16, 2026
Welcome to the summer of ‘Butter Yellow,’ the shade of consumer anxiety

Soft palettes, nostalgic spending, and what America’s newest aesthetic obsession reveals about the economy underneath.

By Nick LichtenbergJune 16, 2026
Meloni quit smoking; notorious bike-hater Trump gets gifted a bike; Macron loses his watch: Hot mic moments from the G7 summit

The fallback of conversations for leaders at the G7 summit naturally fell to the World Cup.

By The Associated Press, Rob Gillies, Sylvie Corbet, Darlene Superville and Collin BinkleyJune 16, 2026
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Europe
More in Europe
‘Making China the elephant in the room’: The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say
‘Making China the elephant in the room’: The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say

With U.S. export controls on Anthropic boxing out allies and China controlling the minerals behind clean energy, the summit’s AI and trade goals might be stymied.

By Mia OsmonbekovJune 16, 2026
The shutdown of Anthropic’s Mythos model sparks a global scramble for sovereign AI

Washington’s decision to cut off access to Anthropic’s newest frontier AI has forced Europe into a reckoning.

By Beatrice NolanJune 16, 2026
AI won’t transform your business—until you redesign work itself 

Simply implementing AI solutions will not be enough to bring about organizational change. The real shift occurs when work itself is redesigned—and most companies are getting it wrong. Here’s a six-step playbook from WPP’s head of human-AI strategy

By Francesca CassidyJune 16, 2026
The new mandate for CMOs is clear: creativity must deliver growth 

The next big growth lever isn’t hiding in the finance department. It’s creativity, and it’s reshaping the role of the CMO while giving marketing a bigger voice in the boardroom. 

By Sam BirchallJune 16, 2026
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Asia
More in Asia
Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China
Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

“Frontier intelligence should not … be subject to withdrawal by a handful of rules at any moment,” Z.ai, a Chinese AI developer, wrote on social media.

By Nicholas GordonJune 16, 2026
China isn’t trying to beat the U.S. at AI — it’s playing a completely different game

While Silicon Valley bets billions on frontier models and AGI, China is industrializing AI from the ground up.

By Joe Ngai and Nick LeungJune 16, 2026
REE Corp. chair Nguyen Thi Mai Thanh spent 40 years navigating Vietnam’s economy. Here’s what she thinks comes next

Nguyen Thi Mai Thanh spent the Vietnam War working as a medic. She’s since been at the forefront of Vietnam’s transformation, including leading the first company to privatize and publicly list.

By Nicholas GordonJune 16, 2026
Vietnam is becoming the hottest tourist hotspot in Southeast Asia—and trying to avoid Thailand’s mistakes

The country had 21 million visitors in 2025. Officials think they can attract even more in the future—and are splurging on infrastrucuture spending to meet that hoped-for demand.

By Angelica AngJune 16, 2026
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Middle East
More in Middle East
Vessels lie at anchor in the Strait of Hormuz off Iran's coast.
Filling up your car won’t feel normal until next summer, S&P says

A ceasefire between the U.S. and Iran could end the largest oil market disruption in history—and a full return to normal will take time to materialize.

By Tristan BoveJune 16, 2026
Iran, Trump have a common problem in their deal to end the war: Israel

Trump’s peace deal with Tehran hinges on a party that never signed it — and Netanyahu has already said no.

By Jon Gambrell, Sam Metz, Samy Magdy and The Associated PressJune 16, 2026
U.S.-Iran interim deal: What could a Gulf bounce back look like?

The U.S.–Iran peace deal has sparked relief across global markets, but investors are still waiting to see whether the breakthrough can translate into lasting stability

By Melissa HancockJune 16, 2026
Gulf private credit opportunities shine amid global volatility 

The Gulf is no longer just a source of capital for private credit. Increasingly, it is becoming one of the industry’s most important markets.

By Melissa HancockJune 16, 2026
More in Middle East
Global
More in Global
Thasunda Brown Duckett sitting in front of a podcast microphone
A 76-year-old was about to lose his entire $3 million retirement to a scam. TIAA’s AI caught it—but a human prevented disaster

AI is increasingly taking over. But TIAA CEO Thasunda Brown Duckett insists, “it’s still all about the humans” after staff saved a retiree millions.

By Preston ForeJune 17, 2026
The new problem for millennial parents in the Northeast: the million-dollar starter home

The first rung onto the property ladder now costs seven figures in a record 242 cities, a new Zillow report shows.

By Sydney LakeJune 17, 2026
He fled Iran for the American dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer

Health tech millionaire fled Iran with nothing—now he skips lunch, spends $500 a month on carrot juice, and bought his whole team Rolexes.

By Orianna Rosa RoyleJune 17, 2026
Citi, Ford, and Experian share their strategies for scaling AI agents

AI agents require trust. And building trust takes time. At Fortune Brainstorm Tech, business leaders discussed how they’re making it work at their companies.

By Alexei OreskovicJune 16, 2026
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There’s nothing as American as apple pie. McDonald’s is bringing back its fried apple pie for the first time in 30 years for the country’s 250th
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Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
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