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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

2

Current price of oil as of August 18, 2026

3

Current price of silver as of Tuesday, August 18, 2026
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Afghanistan’s grape harvest is turning into raisins — literally — as exports collapse
Afghanistan’s grape harvest is turning into raisins — literally — as exports collapse

Border closures with Pakistan have crushed Afghanistan’s fruit exports, forcing farmers to dry their grapes into lower-priced raisins

By ABDUL QAHAR AFGHAN and The Associated PressAugust 19, 2026
OpenAI CEO Sam Altman with Replit CEO Amjad Masad
Exclusive: Replit taps OpenAI’s low-cost Luna model for new ‘Free Mode’
By Emily ForliniAugust 19, 2026
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
By Nicholas GordonAugust 19, 2026
a woman rides an ALSO autonomous bike
Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation
By Lily Mae LazarusAugust 19, 2026
chips
Even potato-chip tasters are temporary in the economy of 2026 — there’s nearly 57 million of these ‘disposable workers’
By Paul Osterman and The ConversationAugust 19, 2026
A Home Depot store in Atlanta, Georgia.
Home Depot’s $730 million tariff refund was largely offset by rising costs
By Sheryl EstradaAugust 19, 2026
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News
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The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes

The agency wants to raise the health giant’s taxable income for four straight years. Neither side will say how much is at stake.

By Tatiana SatauaAugust 19, 2026
The U.S. built its brand by attracting the world’s best and brightest. It must not lose that advantage

As any chief executive knows, the strongest brands are rarely destroyed by their competitors. This principle applies to nations as well.

By John A. QuelchAugust 18, 2026
2 Penn State frats were main suppliers in ‘upper level trafficking’ cocaine ring, authorities say

Over a dozen former and current Penn State University students face charges of felony corrupt organizations, conspiracy and other offenses.

By The Associated Press and Josh KeletyAugust 18, 2026
Biden’s favor to Trump on cheaper drug prices includes a largely forgotten law to make Medicare more powerful

Trump touts “most favored nation” deals and TrumpRx for the 3.1% annual price drop.

By The Associated Press and Ali SwensonAugust 18, 2026
More in News
North America
More in North America
Current price of oil as of Aug. 19, 2026
Current price of oil as of August 19, 2026

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

By Joseph HostetlerAugust 19, 2026
Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips

Nevada capped Tesla’s fleet at a fraction of its request and kept it away from Harry Reid airport.

By Catherina GioinoAugust 19, 2026
Top economist on Trump’s ‘deadly cocktail’ for the bond market—and how the bond vigilantes have crossed Scott Bessent’s ‘red line’

“The bond vigilantes have come out of hibernation,” Johns Hopkins’ Steve Hanke told Fortune, and “the inflation genie is out of the bottle.”

By Nick LichtenbergAugust 19, 2026
Nelson Peltz might take Wendy’s private following six straight quarterly sales declines as customers flee its poor franchise models and bad marketing

Peltz spent two decades helping shape Wendy’s into the burger conglomerate it is today. Now he’s considering buying the rest of the struggling chain.

By Tatiana SatauaAugust 19, 2026
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Asia
More in Asia
Xi Jinping, standing next to Donald Trump, points to his left.
Strait of Hormuz chaos has incentivized China to use an alternative trade route: a 3,400 mile frozen Arctic channel dubbed the ‘Ice Silk Road’

Chinese shipping company Sea Legend Line just announced a shipping route through the Arctic, which takes half the time as established shipping routes.

By Sasha RogelbergAugust 19, 2026
Alibaba’s $2 billion gaming exit signals where Beijing wants its money

The e-commerce giant sells its gaming studio and pours $53 billion into AI as the US-China tech rivalry heats up

By Mia OsmonbekovAugust 18, 2026
AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems

Last year, Japan began a push to reboot its innovation engine with a plan to channel $2.3 trillion in investments to 17 strategic sectors by 2040.

By Angelica AngAugust 18, 2026
China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report

The White House claimed last week that the rerouting of Chinese goods cost the U.S. as much as $303 billion.

By Angelica AngAugust 17, 2026
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Global
More in Global
Current price of Bitcoin for Aug. 19, 2026
Current price of Bitcoin for August 19, 2026

Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market.

By Joseph HostetlerAugust 19, 2026
Current price of Ethereum for August 19, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerAugust 19, 2026
Top CD rates from major banks on August 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

A deposit account at a bank you already recognize can be a safe way to earn interest on your money.

By Joseph HostetlerAugust 19, 2026
Iran has Trump right where it wants him and suggests he seek ‘a dignified exit’

Everything you need to know before you reach the office this morning.

By Jim EdwardsAugust 19, 2026
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Current price of gold as of August 19, 2026
Personal Finance
Current price of gold as of August 19, 2026
By Danny BakstAugust 19, 2026
Current price of silver as of Wednesday, Aug. 19, 2026
Personal Finance
Current price of silver as of Wednesday, August 19, 2026
By Joseph HostetlerAugust 19, 2026
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
Newsletters
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
By Jason MaAugust 19, 2026
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
Personal Finance
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
By Glen Luke FlanaganAugust 19, 2026
Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026
Personal Finance
Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
How the UAE has emerged as a ‘leading light’ for tokenization  
Middle East
How the UAE has emerged as a ‘leading light’ for tokenization  
By Melissa HancockAugust 19, 2026
Coinbase establishes Abu Dhabi tokenization hub  
Newsletters
Coinbase establishes Abu Dhabi tokenization hub  
By Melissa HancockAugust 19, 2026
Photo of Sam Altman
Newsletters
OpenAI hits pause on training in Hugging Face aftermath
By Lily Mae LazarusAugust 19, 2026
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An airline had to cancel a flight and rebook passengers for the next day because a child refused to sit down and buckle up
Travel & Leisure
An airline had to cancel a flight and rebook passengers for the next day because a child refused to sit down and buckle up
By The Associated PressAugust 9, 2026
Trump’s new White House counsel headed the commission that secured his $400 million ballroom project
Politics
Trump’s new White House counsel headed the commission that secured his $400 million ballroom project
By The Associated PressAugust 9, 2026
By propping up the yen, the U.S. and Japan are actually admitting dollar dominance isn’t what it used to be, top economist warns
Economy
By propping up the yen, the U.S. and Japan are actually admitting dollar dominance isn’t what it used to be, top economist warns
By Jason MaAugust 9, 2026
More GOP senators call for Miller to quit over abuse allegations
North America
More GOP senators call for Miller to quit over abuse allegations
By Max Rivera and BloombergAugust 9, 2026
Flesh-eating bacteria infections are surging along the Gulf Coast with five deaths reported in Louisiana
Health
Flesh-eating bacteria infections are surging along the Gulf Coast with five deaths reported in Louisiana
By The Associated PressAugust 9, 2026
Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf
Middle East
Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf
By Jason MaAugust 9, 2026
‘Millennials are not punk kids anymore’ — Ocasio-Cortez sees a ‘generational tidal wave’ driven by anger over economic futures sidelined by boomers
Politics
‘Millennials are not punk kids anymore’ — Ocasio-Cortez sees a ‘generational tidal wave’ driven by anger over economic futures sidelined by boomers
By Jason MaAugust 9, 2026
Europe’s hot stock markets are creating a buzz among investors
Investing
Europe’s hot stock markets are creating a buzz among investors
By Sagarika Jaisinghani and BloombergAugust 9, 2026
Netanyahu rejects Hamas disarmament proposal touted by Trump
Politics
Netanyahu rejects Hamas disarmament proposal touted by Trump
By Dan Williams, Fares Akram and BloombergAugust 9, 2026
Senate candidate Abdul El-Sayed says he got advice from Barack Obama and had a ‘really warm and inspiring’ conversation
Politics
Senate candidate Abdul El-Sayed says he got advice from Barack Obama and had a ‘really warm and inspiring’ conversation
By Will Weissert and The Associated PressAugust 9, 2026
Mysterious drone flights continue plaguing Europe after an explosive-laden drone was found at a German airport used to support Ukraine
Politics
Mysterious drone flights continue plaguing Europe after an explosive-laden drone was found at a German airport used to support Ukraine
By Stefanie Dazio and The Associated PressAugust 9, 2026
Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates
Energy
Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates
By The Associated PressAugust 9, 2026
Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe amid wars in Ukraine and Mideast, Cyprus says
Energy
Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe amid wars in Ukraine and Mideast, Cyprus says
By Menelaos Hadjicostis and The Associated PressAugust 9, 2026
Pentagon tells defense execs to submit plans in 3 weeks to boost weapons production dramatically. ‘Years-long development cycles are not acceptable’
Economy
Pentagon tells defense execs to submit plans in 3 weeks to boost weapons production dramatically. ‘Years-long development cycles are not acceptable’
By The Associated PressAugust 9, 2026
Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises
Success
Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises
By Orianna Rosa RoyleAugust 9, 2026
Andrew Feldman, Co-Founder and CEO, Cerebras Systems
Success
CEO of $49 billion AI company says it’s ‘mind-boggling’ people think you can work 38 hours a week, have work-life balance, and be successful
By Emma BurleighAugust 9, 2026
Why every company wants an AI model router right now 
AI
Why every company wants an AI model router right now 
By Sharon GoldmanAugust 9, 2026
ireland
Success
‘Your back’s against the wall’: How two Gen-Z founders bet everything on a Brooklyn laundromat
By Tatiana SatauaAugust 9, 2026
s
Commentary
AI’s new millionaires want to disrupt philanthropy. They should fund what already exists
By Max Simkoff and Lisa Countryman-QuirozAugust 9, 2026
be
Commentary
Your best employees may be hiding your worst problems
By Brian EasonAugust 9, 2026
Fortune Archives: Geoff Colvin’s lasting legacy at Fortune
Newsletters
Fortune Archives: Geoff Colvin’s lasting legacy at Fortune
By Indrani SenAugust 9, 2026
Teen asking for job at store
Success
Teenagers are shooting out over 50 applications and getting ghosted even for volunteer jobs: ‘I’ll take anything at this point’
By Emma BurleighAugust 9, 2026
hicks
Commentary
Davidson College President: Is college worth it? Take a look at a new answer
By Douglas A. HicksAugust 9, 2026
A Gen Z worker got called out by their CEO for leaving 10 minutes early. Workplace experts debate who was in the wrong
Workplace Culture
A Gen Z worker got called out by their CEO for leaving 10 minutes early. Workplace experts debate who was in the wrong
By Sydney LakeAugust 9, 2026
A Kalshi advertisement on a Metro train in Washington, DC, US.
Economy
Kalshi cracks down on insider trading as Trump family looks to increase prediction market presence
By Joshua HongAugust 9, 2026
We’re not dancing like no one is watching anymore. Actually, we’re just not dancing—or talking, walking, or interacting anymore
Success
We’re not dancing like no one is watching anymore. Actually, we’re just not dancing—or talking, walking, or interacting anymore
By Catherina GioinoAugust 9, 2026
This nuclear startup and Halliburton repurposed oil-drilling tech in a bid to solve America’s radioactive waste problem
Energy
This nuclear startup and Halliburton repurposed oil-drilling tech in a bid to solve America’s radioactive waste problem
By Jordan BlumAugust 9, 2026
chen
Commentary
James Chen: What makes a good billionaire?
By James ChenAugust 9, 2026
Drivers of Mercedes AMG cars file a class action lawsuit, claiming the front-seat logo gets so hot that it literally brands them and causes burns
Law
Drivers of Mercedes AMG cars file a class action lawsuit, claiming the front-seat logo gets so hot that it literally brands them and causes burns
By Anne D'Innocenzio and The Associated PressAugust 8, 2026
Mother and son sitting together and having a discussion
Personal Finance
Great disappointment will follow the Great Wealth Transfer as baby boomers pass on just a fraction of their fortune to millennials and Gen Xers
By Jason MaAugust 8, 2026
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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't deadplaceholder alt text
By Orianna Rosa RoyleAugust 18, 2026
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By Joseph HostetlerAugust 18, 2026
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