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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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Current price of oil as of August 18, 2026

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With the national debt nearing $40 trillion, Bank of America has a warning for bond investors

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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

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With the national debt nearing $40 trillion, Bank of America has a warning for bond investors
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UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran
UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran

Tehran denies launching the missiles that triggered Tuesday’s alert, as Iran’s economy already reels from sanctions and a blockade of its ports

By David Rising and The Associated PressAugust 19, 2026
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities
By Josh Funk and The Associated PressAugust 19, 2026
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From Pennsylvania to Ohio to Texas, the governors’ races are all coming down to data centers
By Marc Levy and The Associated PressAugust 19, 2026
Jeff Dean
Ex-Google chief scientist tells Gen Z the trick is not to master AI—instead, just ‘skim papers’
By Preston ForeAugust 19, 2026
Multimillionaire podcaster Mel Robbins
Multimillionnaire podcaster Mel Robbins says she learned the secret to spotting the most influential person in the room when she was a waitress
By Emma BurleighAugust 19, 2026
Edward P. Lazear, left, congratulates Randall S. Kroszner, center and Kevin M. Warsh, right, at the conclusion of their confirmation hearing held by the Senate Banking, Housing and Urban Affairs Committee in Washington, DC, February 14, 2006.
Bond traders are testing Kevin Warsh: The Fed chair will heed—but not be ruled by—them, says an economist who spent years sitting next to him
By Eleanor PringleAugust 19, 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
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
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North America
More in North America
A Home Depot store in Atlanta, Georgia.
Home Depot’s $730 million tariff refund was largely offset by rising costs

Home Depot, Amazon, and Walmart are taking very different approaches to the tariff refunds flowing back to retailers.

By Sheryl EstradaAugust 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
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Asia
More in Asia
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

The Hangzhou-based startup, founded in 2016, has quickly become something akin to a national champion in China’s robotics sector.

By Nicholas GordonAugust 19, 2026
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
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Global
More in Global
OpenAI CEO Sam Altman with Replit CEO Amjad Masad
Exclusive: Replit taps OpenAI’s low-cost Luna model for new ‘Free Mode’

An 80% reduction in the cost of tokens for OpenAI’s Luna allowed Replit to roll out the new service, which despite its ‘free’ name, still requires a monthly subscription.

By Emily ForliniAugust 19, 2026
Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation

The Rivian spinoff just raised $150 million to build autonomous vehicles for moving people and packages—not just pedalers.

By Lily Mae LazarusAugust 19, 2026
Even potato-chip tasters are temporary in the economy of 2026 — there’s nearly 57 million of these ‘disposable workers’

MIT labor economist Paul Osterman tracks them in his new book, “Disposable Workers: The Transformation of Employment.”

By Paul Osterman and The ConversationAugust 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
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Hayden Panettiere helped change how women talk about mental health. After her death, consumers aren’t ready to forgive the brand that failed her
Newsletters
Hayden Panettiere helped change how women talk about mental health. After her death, consumers aren’t ready to forgive the brand that failed her
By Emma HinchliffeAugust 19, 2026
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
Current price of Ethereum for Aug. 19, 2026
Personal Finance
Current price of Ethereum for August 19, 2026
By Joseph HostetlerAugust 19, 2026
Top CD rates from major banks Aug. 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 19, 2026
Photo: President Trump.
Newsletters
Iran has Trump right where it wants him and suggests he seek ‘a dignified exit’
By Jim EdwardsAugust 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%
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Politics
‘I’m his lawyer’ — acting Attorney General briefly forgets he’s supposed to represent Americans
By Eric Tucker, Alanna Durkin Richer and The Associated PressJuly 15, 2026
Chipotle is trying to take over Mexico through its softest border town
North America
Chipotle is trying to take over Mexico through its softest border town
By Mia OsmonbekovJuly 15, 2026
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Politics
Pete Hegseth wants to test troops for ‘testosterone deficiency’ — literally
By Konstantin Toropin, Matthew Perrone and The Associated PressJuly 15, 2026
warren
North America
Warren Buffett on Bill Gates’ ‘distasteful’ friendship with Jeffrey Epstein: ‘No one bats a thousand in the business of choosing people’
By Josh Funk and The Associated PressJuly 15, 2026
OpenAI wants its speaker to feel alive. Apple says it’s a stolen idea
AI
OpenAI wants its speaker to feel alive. Apple says it’s a stolen idea
By Marco Quiroz-GutierrezJuly 15, 2026
Murati’s Thinking Machines releases first AI model for broad use
AI
Murati’s Thinking Machines releases first AI model for broad use
By Shirin Ghaffary and BloombergJuly 15, 2026
It’s now cheaper to buy a new home than a used one, thanks to builder incentives and baby boomers who don’t want to sell on the low
Real Estate
It’s now cheaper to buy a new home than a used one, thanks to builder incentives and baby boomers who don’t want to sell on the low
By Catherina GioinoJuly 15, 2026
nyc
North America
Mamdani’s $50 World Cup jersey stunt proves some of the oldest criticisms of socialism correct: ‘The odds are extremely stacked against you’
By Nick LichtenbergJuly 15, 2026
U.S. reimposes naval blockade as strikes intensify and Iran threatens to stop all Mideast energy exports
Energy
U.S. reimposes naval blockade as strikes intensify and Iran threatens to stop all Mideast energy exports
By The Associated Press and Jon GambrellJuly 15, 2026
Job interview in office
Success
The $21 billion company behind Eventbrite, Vimeo, and AOL has just revealed how it picked 286 out of 800,000 job applications
By Emma BurleighJuly 15, 2026
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
Magazine
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
Jon Gray
Success
Blackstone’s president tells Gen Z that just being nice could land them a promotion because ‘people want you to win if you treat them in a good way’
By Preston ForeJuly 15, 2026
sb
Commentary
The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution
By Steve H. Hanke and David M. WalkerJuly 15, 2026
orange
North America
‘Special thanks to the Scots for drinking all the beer’: Mass. governor seals World Cup with welcoming ceremony for an orange traffic cone
By Leah Willingham and The Associated PressJuly 15, 2026
NordicTrack X24 Bike Review (2026): Expert Tested
Health
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By Christina SnyderJuly 15, 2026
khalil
Law
Palestinian activist cites the Ku Klux Klan Act in suit accusing pro-Israel groups of conspiracy against student activists
By Jake Offenhartz and The Associated PressJuly 15, 2026
ice
Politics
Inside ICE’s ‘weaponized vehicle’ defense: why cars as weapons don’t automatically justify deadly force
By The Associated PressJuly 15, 2026
odu
Politics
This marine biologist warned that coral loss could collapse the oceans. Then 3 men walked into his house and shot him
By The Associated PressJuly 15, 2026
taco
Health
Taco Bell ‘voluntarily and temporarily’ cuts ingredients as investigators probe dodgy lettuce behind worst outbreak of its kind
By Mike Stobbe and The Associated PressJuly 15, 2026
mike
North America
Trump wants Minnesota voters to turn to ‘Pillow Man’ Mike Lindell for governor
By Bill Barrow and The Associated PressJuly 15, 2026
maine
North America
An ICE officer fired into another moving car, this time in Maine
By Patrick Whittle, Rebecca Santana, Tim Sullivan, Claire Galofaro and The Associated PressJuly 15, 2026
Cantor Fitzgerald eyes blockchain-based IPO shares in new tie-up with Securitize
Crypto
Cantor Fitzgerald eyes blockchain-based IPO shares in new tie-up with Securitize
By Jeff John RobertsJuly 15, 2026
elon
Politics
Elon Musk’s $1 million offers to voters in Wisconsin election were probably illegal bribes, bipartisan panel rules
By Scott Bauer and The Associated PressJuly 15, 2026
gus
Arts & Entertainment
Dinosaur bones market roars as T-Rex named ‘Gus’ sells for record $50.1 million to mystery bidder at auction
By Philip Marcelo and The Associated PressJuly 15, 2026
lombardo
North America
‘I’m Joe Lombardo’: Nevada governor stopped by police, let go without citation
By Jessica Hill and The Associated PressJuly 15, 2026
19 of Cyclops' members stand smiling at the camera from their offices in Vienna, Austria.
Crypto
Exclusive: Cyclops raises $20 million to help payment companies settle faster with stablecoins
By Camila Grigera NaónJuly 15, 2026
iran
Energy
‘Either for everyone or for no one’: Iran turns oil into a weapon again
By Jon Gambrell and The Associated PressJuly 15, 2026
joe
Politics
Just what you wanted before the midterms: a book by Joe Biden explaining himself
By Hillel Italie and The Associated PressJuly 15, 2026
xi
Economy
China’s economy slows to weakest quarterly growth in 3 years
By Chan Ho-Him and The Associated PressJuly 15, 2026
zuck
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 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
Personal Finance
Current price of oil as of August 18, 2026placeholder alt text
By Joseph HostetlerAugust 18, 2026
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With the national debt nearing $40 trillion, Bank of America has a warning for bond investorsplaceholder alt text
By Joshua HongAugust 18, 2026
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