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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
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Future of Work
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
Success
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
C-Suite
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
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Jeff Bezos and Lauren Sánchez at the Dior fashion show as part of Haute Couture Spring/Summer 2026 held at the Musée Rodin.
Real Estate
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
Newsletters
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
MPW
‘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
Economy
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
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Cybersecurity
‘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.
North America
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%
Innovation
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.
Politics
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
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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
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
  • Unilever’s big World Cup bet is all about building ‘desire at scale’
    Newsletters
    Unilever’s big World Cup bet is all about building ‘desire at scale’
    By Diane BradyJuly 8, 2026
Fortune 500 Power Moves: Which executives gained and lost power, June 27-July 10, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power, June 27-July 10, 2026
By Fortune EditorsJuly 10, 2026
Asian businessman using a laptop
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
Erling Haaland #9 of Norway
Success
When Erling Haaland isn’t playing for Norway in the World Cup, he’s investing in a chess championship and playing an animated Viking
By Emma BurleighJuly 10, 2026
At least a million woman lose access to humanitarian supports thanks to Trump budget cuts
Politics
At least a million woman lose access to humanitarian supports thanks to Trump budget cuts
By The Associated PressJuly 10, 2026
Marketing’s new mandate: Why AI is forcing CMOs to think like ‘mini CEOs’ 
Europe
Marketing’s new mandate: Why AI is forcing CMOs to think like ‘mini CEOs’ 
By Sam ForsdickJuly 10, 2026
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    Physical AI’s $50 trillion opportunity requires long-term conviction, but the payoff is huge 
    By Amit ChaturvedyJuly 8, 2026
40% of Americans didn’t read a book last year. These 3 are worth the exception
Newsletters
40% of Americans didn’t read a book last year. These 3 are worth the exception
By Diane BradyJuly 10, 2026
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Success
Harry Styles fans flew to Amsterdam, paid a 21% premium for hotels, and sent inflation soaring. One Gen Zer paid $1,000 for a tiny ‘box’ hotel room
By Preston ForeJuly 10, 2026
Vietnam is paying women to have more babies—but there’s a catch: they have to be on baby no. 2 to qualify for the $68 million budget
Success
Vietnam is paying women to have more babies—but there’s a catch: they have to be on baby no. 2 to qualify for the $68 million budget
By Orianna Rosa RoyleJuly 10, 2026
Stitch Fix’s CEO inherited a broken tech darling. He’s fixing it like a traditional retail exec
C-Suite
Stitch Fix’s CEO inherited a broken tech darling. He’s fixing it like a traditional retail exec
By Phil WahbaJuly 10, 2026
Raising Cane's counter with a goal soccer ball logo
Retail
The Raising Cane’s co-CEO has seen those World Cup fans praising the chicken and sauce. He’s ‘pretty grateful’ to have ‘chicken fanatics’ worldwide
By Catherina GioinoJuly 10, 2026
  • Billionaire soccer fan Ken Griffin helped engineer Team USA’s best World Cup run in 24 years. Now, he looks ‘forward to building on that momentum’
    Arts & Entertainment
    Billionaire soccer fan Ken Griffin helped engineer Team USA’s best World Cup run in 24 years. Now, he looks ‘forward to building on that momentum’
    By Catherina GioinoJuly 8, 2026
Hybrid‑work expert Nicholas Bloom says World Cup chaos and pricey commutes are turning July into the summer of remote work
Future of Work
Hybrid‑work expert Nicholas Bloom says World Cup chaos and pricey commutes are turning July into the summer of remote work
By Marco Quiroz-GutierrezJuly 9, 2026
49% of young adults live at home, up 12 points since 2019. An economist says the fallout will reshape marriage, kids, and home-buying
Economy
49% of young adults live at home, up 12 points since 2019. An economist says the fallout will reshape marriage, kids, and home-buying
By Catherina GioinoJuly 9, 2026
Billionaire philanthropist MacKenzie Scott
Success
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
By Emma BurleighJuly 9, 2026
Businessman flying private jet using smartphone
Success
Self-made multimillionaire says Canadians ‘give no money away’ compared with Americans—research shows U.S. giving is more than twice as high
By Preston ForeJuly 9, 2026
Companies still don’t know how to incorporate AI in a holistic way, says Wharton expert
AI
Companies still don’t know how to incorporate AI in a holistic way, says Wharton expert
By Sheryl EstradaJuly 9, 2026
n
Success
My Microsoft exit with no business plan led to a $40 billion internet company—and a debate over risk vs. timing
By Naveen JainJuly 9, 2026
Chief sustainability officers’ new pitch to CEOs: climate action isn’t about morals—it’s about money
Newsletters
Chief sustainability officers’ new pitch to CEOs: climate action isn’t about morals—it’s about money
By Diane BradyJuly 9, 2026
$5 billion CEO calls the managers that candidates didn’t list as references—and he’ll even ask coworkers they clashed with what they really think
Success
$5 billion CEO calls the managers that candidates didn’t list as references—and he’ll even ask coworkers they clashed with what they really think
By Orianna Rosa RoyleJuly 9, 2026
a man having chair still by the window in the office
Economy
Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it’s not just people giving up
By Catherina GioinoJuly 8, 2026
The Best Rowing Machines (2026): Trainer Tested and Approved
Health
The Best Rowing Machines (2026): Trainer Tested and Approved
By Christina SnyderJuly 8, 2026
New York’s congestion pricing shaved a minute off ambulance response times
North America
New York’s congestion pricing shaved a minute off ambulance response times
By Catherina GioinoJuly 8, 2026
Cathie Wood just bought the SpaceX dip again—and dumped Alibaba to do it
Investing
Cathie Wood just bought the SpaceX dip again—and dumped Alibaba to do it
By Marco Quiroz-GutierrezJuly 8, 2026
How Qualcomm’s CIO is placing big bets on AI to support the chip company’s diversification push
Newsletters
How Qualcomm’s CIO is placing big bets on AI to support the chip company’s diversification push
By John KellJuly 8, 2026
Andrew Forrest, chairman of Fortescue Metals Group Ltd., during a panel session at the World Economic Forum (WEF) Annual Meeting of the New Champions in Dalian, China, on Tuesday, June 23, 2026.
C-Suite
Mining CEO worth $24 billion nearly drowned and had to break his own leg in a freak hiking accident—he used the recovery time to go back to school
By Eleanor PringleJuly 8, 2026
‘They’re not freak occurrences’: Farmers grapple with protecting crops as heat waves and extreme weather become more frequent
Environment
‘They’re not freak occurrences’: Farmers grapple with protecting crops as heat waves and extreme weather become more frequent
By The Associated Press and Joshua A. BickelJuly 8, 2026
Palmer Luckey wearing a lime green shirt with his hands up gesturing
Success
Anduril’s billionaire founder warns U.S. colleges are falling behind China—where students are learning AI. And it’s already ‘hollowed out’ companies
By Preston ForeJuly 8, 2026
Rilla CEO Sebastian Jimenez
Success
This CEO pays $1.7 million a year so employees can live in one of America’s most expensive neighborhoods
By Emma BurleighJuly 8, 2026
Jeremy Grantham, co-founder and chief investment strategist of GMO LLC, during an interview on an episode of Bloomberg Wealth with David Rubenstein in Boston, Massachusetts, US, on Thursday, Aug. 17, 2023.
Investing
Famed investor Jeremy Grantham says history will end up laughing at SpaceX, the ‘craziest IPO in the history of man’ that just joined the Nasdaq 100
By Eleanor PringleJuly 8, 2026
t
Commentary
AI is about to disrupt millions of jobs. A century ago, America’s answer was to build a new high school
By Tim KnowlesJuly 8, 2026
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Energy
Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’placeholder alt text
By Jordan BlumAugust 20, 2026
Economy
Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'placeholder alt text
By Nick LichtenbergAugust 20, 2026
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