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Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

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Current price of oil as of August 20, 2026

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Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’—but the stakes of the case reach across tech

1

Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

2

Current price of oil as of August 20, 2026

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Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’—but the stakes of the case reach across tech

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Leadership

Workplace Culture

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wfh

AI will not give you Fridays off

Jamie Dimon and Bill Gates say AI could bring a two- or three-day work week. I’ve studied the 4-day work week for years and data disagrees.

By Dan SchawbelAugust 21, 2026

A cheerful woman in yellow headphones waves at her laptop during a video call.

Despite CEOs like Elon Musk pushing in-person office work, a major study of 7,000 workers says remote employees are just as connected—and more engaged

By Preston ForeAugust 21, 2026

Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex

Harry and Meghan’s homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune

By Emma BurleighAugust 21, 2026

Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently

Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently

By James Pollard and The Associated PressAugust 21, 2026

The trick to getting kids to stop trusting AI: Ask it to draw a map of the world

The trick to getting kids to stop trusting AI: Ask it to draw a map of the world

By Jocelyn Gecker, Russ Bynum and The Associated PressAugust 21, 2026

Fortune 500 Power Moves: Which executives gained and lost power, Aug. 8-21

Fortune 500 Power Moves: Which executives gained and lost power, Aug. 8-21

By Fortune EditorsAugust 21, 2026

More in Future of Work

sanjot

AI productivity tools are overhyped and overfunded. Investors should look elsewhere

Over 50 years ago, Charlie Munger convinced his best friend Warren Buffett to ditch the proverbial cheap cigar butts for durable, high-quality businesses.

By Sanjot MalhiAugust 21, 2026

One U.S. Army unit is offering 4-days off to play Grand Theft Auto—but there’s a catch: they’ll have to reenlist if they take the day off to play

From the Army to small businesses: organizations are getting ahead of the GTA VI launch curve—and giving days off to steal virtual cars.

By Preston ForeAugust 20, 2026

AI won’t fix a broken company. Rewiring it will

Picture a railroad that spends billions on the fastest trains in the world, then runs them on the same aging rails. The tracks are the constraint.

By Sastry Durvasula and Manish SharmaAugust 20, 2026

Nneka Ogwumike’s WNBA legacy isn’t just her 11 All-Star nods. It’s a 364% pay raise for the players

The president of the WNBA players’ union is retiring after 15 seasons—and a labor agreement that’s historic across professional sports.

By Emma HinchliffeAugust 20, 2026

More in Future of Work

More in Success

MacKenzie Scott gave California public education $461 million—and let the recipients decide how to spend every dollar

MacKenzie Scott gave California public education $461 million—and let the recipients decide how to spend every dollar

The billionaire’s unrestricted gifts to 16 institutions reflect a giving philosophy built on trusting recipients to know their own communities best.

By Sydney LakeAugust 21, 2026

Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he’s backing $7 billion Liverpool FC

If Amazon founder Jeff Bezos takes his own Warren Buffet-inspired advice, Liverpool fans can expect him to stick around for at least seven years.

By Orianna Rosa RoyleAugust 21, 2026

Army unit offers ‘special 4 day pass’ to play Grand Theft Auto VI for reenlisted troops as part of ‘unique incentives program’

At least 20 soldiers have signed up for the bonus off-days—with eligibility tied to serving at least two more years in uniform.

By Russ Bynum and The Associated PressAugust 20, 2026

Baby boomers look richer than ever—but many are retiring with record levels of debt

Decades of home-price gains made older Americans wealthy on paper. Debt and rising costs are making that wealth harder to live on

By Mia OsmonbekovAugust 21, 2026

More in Success

More in C-Suite

CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic

CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic

The next generation of CFOs stepping in may be younger and less experienced.

By Sheryl EstradaAugust 21, 2026

Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO

In late June, Airwallex raised $320 million in a Series H funding round led by Addition, which valued the cross-border payments platform at $11 billion

By Nicholas GordonAugust 20, 2026

Bill Ackman’s $400 million brain institute was inspired by his daughter—and built outside elite universities, which he says are losing talent

The billionaire investor said campus politics and funding cuts have made academia less attractive

By Mia OsmonbekovAugust 20, 2026

Supermicro investigation clears CEO in alleged $2.5 billion smuggling scheme while a criminal trial involving a cofounder is set for next year

The AI-hardware maker’s board found no evidence CEO Charles Liang knew anything about alleged chip smuggling but a pending trial could bring more legal exposure to the beleaguered company.

By Amanda GerutAugust 20, 2026

More in C-Suite

Workplace Culture

More in Workplace Culture

Scott Kupor, wearing a suit, looks forward and frowns.

Exclusive: The man leading Trump’s RTO charge for government workers says he filmed a video in front of a blank wall to avoid work-from-home suspicion

“I was in my bedroom,” OPM director Scott Kupor said in an all-hands meeting this week. “I was trying to find something that was not recognizable as being in my house, basically.”

By Sasha RogelbergAugust 20, 2026

Millionaire Mel Robbins says her waitressing boss taught her how to spot the most influential person in the room: ‘It’s never who you think it is’

“The Mel Robbins Podcast” host says the most powerful person in the room is “never who you think it is.”

By Emma BurleighAugust 19, 2026

Like Nvidia’s Jensen Huang, Siemens’ CEO has no recurring meetings with direct reports to save time—he also replies to emails with just ‘OK’ or ‘No’

CEO of $256 billion Siemens, Roland Busch, replies to emails with just ‘OK’ or ‘No.’ Anything longer, and the boomer will voice note his team on the move.

By Preston ForeAugust 17, 2026

Dropbox co-CEO has just shared the simple rule he follows for when to turn down a meeting

Dropbox co-CEO Ashraf Alkarmi writes down five goals each quarter—if ‘I get meetings that are not related to these things, I don’t go,” he says.

By Emma BurleighAugust 18, 2026

More in Workplace Culture

Latest stories from Fortune

CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%

CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%

By Marco Quiroz-GutierrezAugust 21, 2026

Eric Schmidt, chief executive officer of Relativity Space and former chief executive officer of Google, during the America Business Forum in Miami, Florida.

Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California’s billionaire tax is spent

By Joshua HongAugust 21, 2026

Donald Trump, standing behind a podium, points in front of him with Scott Bessent standing behind him.

‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May

By Sasha RogelbergAugust 21, 2026

The banking lobby’s bad faith campaign to kill the Clarity Act will backfire

The banking lobby’s bad faith campaign to kill the Clarity Act will backfire

By Omid MalekanAugust 21, 2026

Photo of Evergrande's founder on trial

China’s onetime richest man has lost everything but creditors are still owed $300 billion

By The Associated Press and Chan Ho-HimAugust 21, 2026

Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions

Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions

By Edith M. Lederer and The Associated PressAugust 21, 2026

College sports’ talent race is turning each athletic department into a $40 million business empire

Arts & Entertainment

College sports’ talent race is turning each athletic department into a $40 million business empire

By James Pollard and The Associated PressAugust 21, 2026

Current price of gold as of August 21, 2026

Personal Finance

Current price of gold as of August 21, 2026

By Danny BakstAugust 21, 2026

More LeadershipPage 13 of 100

Photo of Ashton Meyer

An 11-year-old is cleaning his neighbors’ trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948

By Orianna Rosa RoyleJuly 25, 2026

Success
‘The man who dies rich dies disgraced’: The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026

What it’s like to be a founder of the most high-stakes startup ever, OpenAI

What it’s like to be a founder of the most high-stakes startup ever, OpenAI

By Alyson ShontellJuly 25, 2026

SpaceX may have missed its window to buy Tesla

SpaceX may have missed its window to buy Tesla

By Shawn TullyJuly 25, 2026

alex

I sold my startup for millions without a single dollar in revenue. Here’s why that’s the point

By Alexander Kardos-NyheimJuly 25, 2026

woman yellow shirt standing in front of ring light

Influencer marketing isn’t an experiment anymore as companies expand their creator advertising budgets

By Tatiana SatauaJuly 24, 2026

dario

Anthropic’s head of economics just explained why we haven’t seen a white-collar bloodbath — yet

By Nick LichtenbergJuly 24, 2026

Success
Larry Page and Sergey Brin splash $225 million in Miami property as billionaires flee California’s tax—and Google is expanding its office there too
By Emma BurleighJuly 22, 2026

lebron

Arts & Entertainment

LeBron James, the only billionaire currently active in the NBA, signs a minimum contract with the Philadelphia 76ers

By Catherina GioinoJuly 24, 2026

Wealthy man in car

120 millionaires have signed a letter begging the British government to tax them more: ‘We can afford it’

By Emma BurleighJuly 24, 2026

This CEO once bought a bankrupt furniture company for $80,000. At 95, he’s now given away millions

This CEO once bought a bankrupt furniture company for $80,000. At 95, he’s now given away millions

By Sydney LakeJuly 24, 2026

WPP’s sweeping restructure could save £500 million—the bigger challenge might be winning over workers

WPP’s sweeping restructure could save £500 million—the bigger challenge might be winning over workers

By Sam BirchallJuly 24, 2026

Inside Larry Culp’s playbook for fixing GE

Inside Larry Culp’s playbook for fixing GE

By Sheryl EstradaJuly 24, 2026

North America
Warren Buffett called Bill Gates’ Epstein ties ‘distasteful’ and pulled out of the Gates Foundation. Days later, a review revealed 30 meetings
By Sydney LakeJuly 22, 2026

From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE

From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE

By Shawn TullyJuly 24, 2026

nyse

AI doesn’t end scarcity. It relocates it

By François Candelon, Paul-Louis Andres and Augustin ManchonJuly 24, 2026

European travel platform Omio raises $10 million and buys Rail Europe as it chases Asia’s tourism market

European travel platform Omio raises $10 million and buys Rail Europe as it chases Asia’s tourism market

By Nicholas GordonJuly 24, 2026

Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom

Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom

By Jordan BlumJuly 24, 2026

tokens

‘You just hired a million bad employees’: How the brief tokenmaxxing era delivered the opposite of what it promised

By Nick LichtenbergJuly 24, 2026

bots

Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet’s business model

By Mia OsmonbekovJuly 23, 2026

Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates

Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates

By Barbara Ortutay and The Associated PressJuly 23, 2026

Benjamin Franklin's experiment with the kite.

The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost $200 billion

By Eva RoytburgJuly 23, 2026

Amazon founder Jeff Bezos

Amazon’s Jeff Bezos could be the latest American billionaire to buy into European soccer clubs—he’s eyeing up a stake in Liverpool FC

By Emma BurleighJuly 23, 2026

Sanae Takaichi

Despite Tokyo’s push for a 4-day week for better work-life balance, Japan’s prime minister boasts sleeping just ‘zero to three’ hours a night

By Preston ForeJuly 23, 2026

All hail London—whatever the U.K.’s new Prime Minister says

All hail London—whatever the U.K.’s new Prime Minister says

By Kamal AhmedJuly 23, 2026

AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council

AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council

By Sheryl EstradaJuly 23, 2026

ServiceNow CEO Bill McDermott pumping his fist.

Wall Street is finally starting to buy ServiceNow CEO Bill McDermott’s story as the company beats Q2 earnings forecasts

By Jeremy KahnJuly 23, 2026

Paul Keary (L) and Mike Sutcliff (R).

Teneo & Thoughtworks CEOs: the AI race will be won with governance, not speed

By Paul Keary and Mike SutcliffJuly 23, 2026

CEOs agree there’s an affordability crisis, but how to solve it isn’t so simple

CEOs agree there’s an affordability crisis, but how to solve it isn’t so simple

By Diane BradyJuly 23, 2026

Jensen Huang made his $172 billion fortune on AI chips. His family’s $75 million gift to Vanderbilt argues art decides what technology is for

Jensen Huang made his $172 billion fortune on AI chips. His family’s $75 million gift to Vanderbilt argues art decides what technology is for

By Sydney LakeJuly 23, 2026

Hasbro’s growth strategy isn’t just about kids anymore—it’s about ‘kidults’

Hasbro’s growth strategy isn’t just about kids anymore—it’s about ‘kidults’

By Phil WahbaJuly 23, 2026

Thijn Lamers is Co-Founder and President, Noah.

Europe does not need more ambition. It needs to stop hiding it

By Thijn LamersJuly 23, 2026

How GE CEO Larry Culp pulled off the turnaround of the century

How GE CEO Larry Culp pulled off the turnaround of the century

By Shawn TullyJuly 23, 2026

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Most Popular

Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

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By Jordan BlumAugust 20, 2026

Personal Finance

Current price of oil as of August 20, 2026

placeholder alt text

By Joseph HostetlerAugust 20, 2026

Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’—but the stakes of the case reach across tech

placeholder alt text

By Tatiana SatauaAugust 20, 2026

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