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

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

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Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

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Current price of oil as of August 20, 2026

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Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud

Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud

An off-the-record university course helped Gates recruit for Phia, and former students claim the class taught a ruthless hunger for profit.

By Sarah GlodekAugust 21, 2026

wfh

AI will not give you Fridays off

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

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

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

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

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

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

BackBlack is betting that thousands of small donations can help underfunded Black-led nonprofits rely less on wealthy benefactors.

By James Pollard and The Associated PressAugust 21, 2026

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

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

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

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

Jeff Bezos and Lauren Sánchez at the Dior fashion show as part of Haute Couture Spring/Summer 2026 held at the Musée Rodin.

Membership into Miami’s most exclusive club is something money can’t buy—and Jeff Bezos is among those standing outside, looking in

By Joshua HongAugust 21, 2026

Where Bumble’s ex-CEO is going next and other female exec moves to know

Where Bumble’s ex-CEO is going next and other female exec moves to know

By Emma HinchliffeAugust 21, 2026

‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care

‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care

By Sarah GlodekAugust 21, 2026

Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns

Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns

By Jason MaAugust 21, 2026

flight

‘Adding insult to injury’: Flight attendants accuse Google of creepy deal to access ‘confidential’ data for AI in Spirit Airlines transaction

By Joshua HongAugust 21, 2026

US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House.

Trump admits tariffs are a tax on America’s love for hamburgers and allows 300,000 metric tons of ground beef imports at ‘below current market prices’

By Joshua HongAugust 21, 2026

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

More LeadershipPage 18 of 100

A Peterson Foundation bus stop sign displays the national debt on June 12, 2026 in Washington, DC.

United States’ $39 trillion national debt will mean fewer jobs at lower wages for Gen Z, according to think tank

By Eleanor PringleJuly 14, 2026

Success
This summer’s hottest IPOs are minting a new class of ultra-high-net-worth ‘IPO Bros’—and family offices are changing how they approach them
By Catherina GioinoJuly 10, 2026

MassMutual CEO says Americans’ share of the U.S. debt is going up $10 a day

MassMutual CEO says Americans’ share of the U.S. debt is going up $10 a day

By Diane BradyJuly 14, 2026

How Adobe’s CMO is preparing for the AI-powered era of brand discovery

By Ruth UmohJuly 14, 2026

Elon Musk and Sam Altman are accusing each other of scamming investors as SpaceX and OpenAI jockey to lead AI revolution

Elon Musk and Sam Altman are accusing each other of scamming investors as SpaceX and OpenAI jockey to lead AI revolution

By Marco Quiroz-GutierrezJuly 13, 2026

‘We devalued the trades’: A Native American graduation miracle that isn’t what it seems

By Savannah Peters and The Associated PressJuly 13, 2026

Trump floats Lindsey Graham’s sister as interim Senate replacement; Scott Bessent reportedly fields calls

By Meg Kinnard and The Associated PressJuly 13, 2026

C-Suite
Fortune 500 Power Moves: Which executives gained and lost power, June 27-July 10, 2026
By Fortune EditorsJuly 10, 2026

Jason Kidd, COO of Chipotle

Chipotle’s COO takes employees to dinner every week to spot his next leaders—here are the 4 traits he’s seeking

By Emma BurleighJuly 13, 2026

Columbia Business School professors: What the Balogun red card can teach us about AI and judgment

By Oded Netzer, Christopher Frank and Paul MagnoneJuly 13, 2026

Trump stunned by sudden death of rival turned ally Lindsey Graham: ‘He was like a member of the family’

Trump stunned by sudden death of rival turned ally Lindsey Graham: ‘He was like a member of the family’

By The Associated PressJuly 13, 2026

‘We are driving in the fog’: Hundreds of economists admit they’re flying blind on AI

‘We are driving in the fog’: Hundreds of economists admit they’re flying blind on AI

By Nick LichtenbergJuly 13, 2026

Smiling colleagues working at desk in office.

Is dating a coworker still a career risk? Match Group’s HR chief has a new answer

By Kristin StollerJuly 13, 2026

Success
One Wall Street firm is paying its Gen Z interns fresh out of college $8,600 a week—more than the typical American makes in nearly two months
By Preston ForeJuly 10, 2026

TIAA’s CEO shares her advice for separating your personal identity from your title

TIAA’s CEO shares her advice for separating your personal identity from your title

By Ruth UmohJuly 13, 2026

Why corporate strategy is moving to the CFO’s office

Why corporate strategy is moving to the CFO’s office

By Sheryl EstradaJuly 13, 2026

The escalating U.S.–Iran war is rewriting the CEO playbook again

The escalating U.S.–Iran war is rewriting the CEO playbook again

By Diane BradyJuly 13, 2026

‘Without our money, people will struggle’: Muangthai Capital’s new CEO Parithad Petampai defends the role of microfinance in Thailand

‘Without our money, people will struggle’: Muangthai Capital’s new CEO Parithad Petampai defends the role of microfinance in Thailand

By Angelica AngJuly 13, 2026

DOJ investigating allegations against UAW President Shawn Fain

DOJ investigating allegations against UAW President Shawn Fain

By David Welch and BloombergJuly 12, 2026

Volkswagen’s CEO suggests ‘more intelligent solutions than closing plants’ amid turnaround effort and touts cost cuts

Volkswagen’s CEO suggests ‘more intelligent solutions than closing plants’ amid turnaround effort and touts cost cuts

By The Associated PressJuly 12, 2026

Silicon Valley VC giant Vinod Khosla and family to buy Seattle Seahawks for $9.6 billion and must relinquish stake in the San Francisco 49ers

Silicon Valley VC giant Vinod Khosla and family to buy Seattle Seahawks for $9.6 billion and must relinquish stake in the San Francisco 49ers

By Steve Reed, Andrew Destin and The Associated PressJuly 12, 2026

Brené Brown, author, researcher, and professor

Brené Brown warns American workers are not neurologically wired for this level of rapid change and instability: ‘People are not okay’

By Emma BurleighJuly 12, 2026

Want to earn nearly $100,000 within 5 years of graduating? Study engineering, Fed research says

Want to earn nearly $100,000 within 5 years of graduating? Study engineering, Fed research says

By Orianna Rosa RoyleJuly 12, 2026

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

By Marco Quiroz-GutierrezJuly 12, 2026

Zhenghua Yang

At 18, doctors gave him three hours to live. He played video games from his hospital bed—and now, he’s built a $10 million-a-year video game studio

By Preston ForeJuly 12, 2026

Manufacturing worker on factory floor

Fortune 500 Land O’Lakes is letting workers choose what days and times they work—and the flex jobs are getting 25% more applicants than full-time gigs

By Emma BurleighJuly 12, 2026

This former U.S. soccer player built a $20 billion-a-year company. Now, he says resilience matters more than talent—and points to Lionel Messi as proof

By Preston ForeJuly 12, 2026

An older man sits at a table with a laptop in front of him with his chin resting on his hand.

More tech workers are retiring early because they don’t want to deal with AI-related changes: ‘Many people believe it’s overblown’

By Sasha RogelbergJuly 12, 2026

Family members sitting on a sofa together

More noncollege-educated men are living at home and falling out of the labor market, forcing a decline in marriages, all thanks to rising rents

By Catherina GioinoJuly 11, 2026

Americans are quietly abandoning the daily habit that billionaires say set them up for success—and it could have lasting consequences

Americans are quietly abandoning the daily habit that billionaires say set them up for success—and it could have lasting consequences

By Preston ForeJuly 11, 2026

A 12-person PR firm represents De Niro, Pacino, and billion-dollar clients. Its founder says the secret is staying small

A 12-person PR firm represents De Niro, Pacino, and billion-dollar clients. Its founder says the secret is staying small

By Sydney LakeJuly 11, 2026

usa

For 250 years, work defined American identity. That era Is ending

By Keith Ferrazzi and Wendy SmithJuly 11, 2026

Ulta is betting $400 million that an NYC megastore will help it compete with Sephora—and that flagships still work

Ulta is betting $400 million that an NYC megastore will help it compete with Sephora—and that flagships still work

By Phil WahbaJuly 11, 2026

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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

Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

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By Nick LichtenbergAugust 20, 2026

Personal Finance

Current price of oil as of August 20, 2026

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By Joseph HostetlerAugust 20, 2026

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