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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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Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161

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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Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161
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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

Kids laughed as Mali was spelled “Mail.” Egypt was identified as “Sopth.” In place of Libya was something simply called “Africa.”

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
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
sanjot
AI productivity tools are overhyped and overfunded. Investors should look elsewhere
By Sanjot MalhiAugust 21, 2026
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
By Sheryl EstradaAugust 21, 2026
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
By Diane BradyAugust 21, 2026
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Future of Work
More in Future of Work
Happy male gamer celebrating while playing on a dark room
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
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
Moderna’s and Merck’s personalized mRNA vaccine shows real promise against deadly skin cancer melanoma in late stage trial and sends stocks soaring

The shot, paired with Merck’s Keytruda, cut the risk of melanoma recurrence in a trial of more than 1,100 patients.

By Catherina GioinoAugust 19, 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
More in Future of Work
Success
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
C-Suite
More in C-Suite
Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO
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
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
Moderna co-founder is a billionaire once again at $1.7 billion—he once turned down 20 high-paying job offers to ‘have more of an impact on the world’

Billionaire biotech pioneer Robert Langer advises workers to do what makes them happy over money and job security: “If you give up too easily, that’s not good.”

By Emma BurleighAugust 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
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
Photo of Evergrande's founder on trial
Real Estate
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
Politics
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
Gold, silver, or cash: Which has been the better crisis hedge over the last 50 years?
Personal Finance
Gold, silver, or cash: Which has been the better crisis hedge over the last 50 years?
By Joseph HostetlerAugust 21, 2026
New York Times correction over a college basketball player wrongly named at the scene of a shooting leads to $9.25 million jury verdict
Law
New York Times correction over a college basketball player wrongly named at the scene of a shooting leads to $9.25 million jury verdict
By The Associated PressAugust 21, 2026
The changing college sports landscape has women’s programs turning to philanthropy as funding dries up
North America
The changing college sports landscape has women’s programs turning to philanthropy as funding dries up
By The Associated Press and James PollardAugust 21, 2026
Top CD rates from major banks Aug. 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 21, 2026
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C-Suite
‘A fantastic amount of money to have borrowed’: a top Wall Street wealth advisor is stunned by the national debt
By Nick LichtenbergAugust 3, 2026
  • A creator sells shoes on a livestream auction.
    Retail
    ‘People can go from zero to 100’: How Gen Z is raking in $260,000 per month on a livestream auction app
    By Joshua HongAugust 1, 2026
PricewaterhouseCoopers (PwC) CEO Paul Griggs
Success
PwC U.S. CEO advises young workers to say yes a lot, even if it means working on the weekends—‘That person climbs into the next role’
By Emma BurleighAugust 3, 2026
Photo of Sam Altman
Success
Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity
By Preston ForeAugust 3, 2026
Fortune Daily video show graphic showing host Ellie Austin
C-Suite
Welcome to Fortune Daily
By Ellie AustinAugust 3, 2026
cs
AI
The computer science major is dying so that the AI literacy minor can be born: ‘we have to democratize it’
By Heather Hollingsworth and The Associated PressAugust 3, 2026
Male job applicant talking to manager of human resources.
Newsletters
One bad pay decision can cost a company more than $10,000 per employee, new research finds
By Kristin StollerAugust 3, 2026
  • Y Combinator‑backed AI startup is under fire after its founder offered instant interviews to partygoers who got company tattoos, then apologized
    Startups & Venture
    Y Combinator‑backed AI startup is under fire after its founder offered instant interviews to partygoers who got company tattoos, then apologized
    By Marco Quiroz-GutierrezJuly 31, 2026
AI changed what work looks like. Now the operating model must follow
Future of Work
AI changed what work looks like. Now the operating model must follow
By Neil DharAugust 3, 2026
Business colleagues sitting at conference table seen through glass wall. They are planning strategy.
C-Suite
Aon’s CFO on the No. 1 risk keeping CEOs and finance chiefs up at night
By Sheryl EstradaAugust 3, 2026
Sam Altman says a ‘cool use case’ for ChatGPT is a daily AI podcast about your kids. The replies were brutal
AI
Sam Altman says a ‘cool use case’ for ChatGPT is a daily AI podcast about your kids. The replies were brutal
By Holly Van Leuven and Morning BrewAugust 3, 2026
As Amazon pours billions into AI, Jeff Bezos says the real edge lies in what won’t change
C-Suite
As Amazon pours billions into AI, Jeff Bezos says the real edge lies in what won’t change
By Ruth UmohAugust 3, 2026
Elon Musk is photographed at Space X in Brownsville, Texas
Success
Elon Musk wants engineers and trade talent: All you need is 3 bullet points, a résumé, and a desire to create the best data centers ‘off Earth’
By Eleanor PringleAugust 3, 2026
  • Studio portrait of Leopold Aschenbrenner
    Startups & Venture
    The power couple of AI is getting married in Carmel, days after groom Leopold Aschenbrenner’s hedge fund nearly blew up
    By Eva RoytburgJuly 31, 2026
Ikea’s AI bot didn’t replace workers. It made them more valuable
Newsletters
Ikea’s AI bot didn’t replace workers. It made them more valuable
By Diane BradyAugust 3, 2026
How Barnes & Noble CEO James Daunt tapped his indie bookstore cred to revive the big-box chain
C-Suite
How Barnes & Noble CEO James Daunt tapped his indie bookstore cred to revive the big-box chain
By Phil WahbaAugust 3, 2026
AI is creating a two-speed jobs market in the UK, Indeed says
AI
AI is creating a two-speed jobs market in the UK, Indeed says
By Irina Anghel and BloombergAugust 2, 2026
As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
Success
As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
By Jason MaAugust 2, 2026
Jefferies analyst calls out ‘simple-minded’ criticism of SpaceX’s governance
Investing
Jefferies analyst calls out ‘simple-minded’ criticism of SpaceX’s governance
By Alastair Marsh and BloombergAugust 2, 2026
s
C-Suite
Infantino’s $20 billion FIFA plan collapses and now he faces a European mutiny over the future of the World Cup
By Graham Dunbar and The Associated PressAugust 2, 2026
For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend
Economy
For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend
By Catherina GioinoAugust 2, 2026
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
Success
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
By Orianna Rosa RoyleAugust 2, 2026
Parent with Gen Z adult kid talking about money
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially for support—even though it’s putting them under strain
By Emma BurleighAugust 2, 2026
lp
Success
‘It’s really not for the faint of heart’: This 29-year-old CEO became a business owner, doubled revenue in 3 years, and learned what car not to drive
By Nick LichtenbergAugust 2, 2026
Photo of Hudson Leogrande
Success
He was homeless at 16. Now he sits on the board of David Beckham’s wellness company and his business is about to hit $1 billion in revenue
By Emma BurleighAugust 2, 2026
Most billionaires are stuck in ‘slow philanthropy.’ MacKenzie Scott gave away $26 billion and won’t stop until ‘the safe is empty’
Success
Most billionaires are stuck in ‘slow philanthropy.’ MacKenzie Scott gave away $26 billion and won’t stop until ‘the safe is empty’
By Sydney LakeAugust 2, 2026
Jason McGowan headshot. Wearing a black shirt with 'Crumbl' behind a pink background
Success
Crumbl CEO says he shuts shop on Sundays and prioritizes game nights with his 7 kids in pursuit of balance: Life can’t be ‘just go, go, go’
By Preston ForeAugust 2, 2026
A loneliness epidemic is creating a new type of third space: the one built around curiosity
Success
A loneliness epidemic is creating a new type of third space: the one built around curiosity
By Tatiana SatauaAugust 1, 2026
Jensen Huang
Success
Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
By Preston ForeAugust 1, 2026
Inside Miami’s ‘Billionaire Bunker,’ a man-made island for the .01% where billionaires like Jeff Bezos and Mark Zuckerberg shell out for total privacy
Real Estate
Inside Miami’s ‘Billionaire Bunker,’ a man-made island for the .01% where billionaires like Jeff Bezos and Mark Zuckerberg shell out for total privacy
By Marco Quiroz-GutierrezAugust 1, 2026
Despite China’s 996 culture, DeepSeek founder Liang Wenfeng says his workers don’t do overtime or even have KPIs: ‘No one manages them’
Success
Despite China’s 996 culture, DeepSeek founder Liang Wenfeng says his workers don’t do overtime or even have KPIs: ‘No one manages them’
By Orianna Rosa RoyleAugust 1, 2026
Golfer in white hat
Big Tech
Amazon’s Andy Jassy sees a $1 trillion cloud built on businesses like the PGA Tour—which swapped its server trucks for AI broadcasts 
By Amanda GerutAugust 1, 2026
Photo of two Harvard football teammates at the Harvard v. Yale game
Success
Wall Street’s hidden recruiting pipeline isn’t an Ivy League diploma—it’s the teammate who triples your odds of getting hired
By Mia OsmonbekovAugust 1, 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
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By Joseph HostetlerAugust 20, 2026
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Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161placeholder alt text
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