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U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
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xi
Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’

“The development of artificial intelligence should not be a solo performance by any single country,” the Chinese president said at an event in in Shanghai.

By Han Guan Ng, Chan Ho-Him and The Associated PressJuly 17, 2026
white house
Broadcast networks wrestle with whether to air Trump’s conspiracy theories or get sanctioned for dropping him
By Jocelyn Noveck and The Associated PressJuly 17, 2026
ice
ICE officer in fatal Maine shooting had history of mental health crises, Congress learns in ‘bombshell’ report
By Lisa Mascaro and The Associated PressJuly 17, 2026
trump
White House insists it has ‘extremely strict ethical guidelines’ as teleprompter op goes on unpaid leave over $100,000 insider trading allegations
By Bill Barrow and The Associated PressJuly 17, 2026
t
Trump is selling millisecond access to his Truth Social blasts — and traders are already lining up
By Bernard Condon and The Associated PressJuly 17, 2026
Suno Ai on a phone screen with Warner Music Group's logo in the background.
The VC betting $5.4 billion that Suno is the future of music
By Lily Mae LazarusJuly 17, 2026
Law
More in Law
How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy
How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy

The arts and crafts retailer leaning on party supplies and fabric to end years of stagnation.

By Phil WahbaJuly 17, 2026
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

Two organizations targeted by O’Leary say his comments caused “significant economic losses, severe emotional distress, and ongoing threats to their physical safety.”

By Marco Quiroz-GutierrezJuly 17, 2026
Epstein survivors say Todd Blanche ignored them. Now one Republican senator is making him listen

As Trump’s AG nominee apologizes for redaction errors that left nude photos and names of accusers exposed, Thom Tillis is dangling his decisive vote.

By Alanna Durkin Richer, Joey Cappelletti and The Associated PressJuly 16, 2026
‘We absolutely screwed up’: JD Vance blames Pam Bondi for the Trump administration’s miscommunication around the Epstein files

The vice president went on Joe Rogan’s podcast on Wednesday and said the former DOJ head “overstated” what was in the Epstein files.

By The Associated Press and Seung Min KimJuly 16, 2026
More in Law
Politics
More in Politics
t
Tariff Man’s money machine broke. Now he’s trying to fix it with a forced‑labor crusade

After the Supreme Court killed his emergency‑powers import taxes and forced massive refunds, Trump is racing to meet a July 24 deadline.

By Paul Wiseman and The Associated PressJuly 16, 2026
Europe optimized its supply chains for cost. Now it must pay for resilience  

Richard Saynor, CEO of Fortune 500 Europe company, Sandoz Group, and manufacturer of generic medicines, argues resilience requires investment that markets often fail to reward

By Richard SaynorJuly 16, 2026
Meta Oversight Board study: AI chatbots may be the most perfect propaganda machine ever invented

The study found bots even answer differently based on language too — ChatGPT calls China “not a democracy” in English, but hedges in Chinese.

By Didi Tang and The Associated PressJuly 16, 2026
Trump insists ‘Iran is unhappy right now’ while venting about ‘electric catapults that don’t work’ at defense tech summit

After a long aside about the use of magnets to improve catapults on vessels, Trump finally offered, “I hope I’m not boring anybody.”

By Will Weissert, Sagar Meghani and The Associated PressJuly 16, 2026
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Latest stories from Fortune
Spain's national team players stand on the left while Argentina's national players stand on the right.
Crypto
World Cup final is already the biggest ever prediction market as Kalshi bets top $1.27 billion—with Spain favored to beat Argentina
By Camila Grigera NaónJuly 17, 2026
The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz
AI
The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz
By Jason MaJuly 17, 2026
koch
Retail
‘What a wonderful group of people’: Sam Adams beer founder said the Scots were consuming one every 12 seconds at their World Cup peak
By Dee-Ann Durbin and The Associated PressJuly 17, 2026
heat
Environment
Europe’s lack of preparation for the brutal heat wave this year killed an extra 10,000 people, records show
By The Associated Press and Nick LichtenbergJuly 17, 2026
dna
North America
How a Californian DNA lab solved the oldest John Doe in American history
By Allen Breed and The Associated PressJuly 17, 2026
monks
Success
Meet the Texas monk with no phone, no account —and millions of followers online
By Deepa Bharath and The Associated PressJuly 17, 2026
phila
Environment
‘We shouldn’t be playing the game’: athletes sound off as smoke chokes U.S. sports
By The Associated PressJuly 17, 2026
Alex Karp gestures
Success
With a $15 billion net worth, Palantir CEO Alex Karp predicts he will get 20x richer from AI—but that middle-class workers will get just modest raises
By Preston ForeJuly 17, 2026
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Fortune Archives: Ted Turner’s reckless, brilliant bets
Law
Fortune Archives: Ted Turner’s reckless, brilliant bets
By Indrani SenMay 10, 2026
trump
Commentary
Trump thinks he’s flying to Beijing with leverage. China spent 6 years making sure he doesn’t have any
By Steve H. HankeMay 10, 2026
UK moves warship to Middle East for potential Hormuz mission
Politics
UK moves warship to Middle East for potential Hormuz mission
By Ellen Milligan and BloombergMay 9, 2026
Iran war is draining world’s oil buffer at an unprecedented pace
Energy
Iran war is draining world’s oil buffer at an unprecedented pace
By Grant Smith, Yongchang Chin and BloombergMay 9, 2026
A federal judge weighing the future of a D.C. golf course doesn’t want to be Amy Poehler, but Trump might be interested as he remakes parks
Politics
A federal judge weighing the future of a D.C. golf course doesn’t want to be Amy Poehler, but Trump might be interested as he remakes parks
By Steven Sloan and The Associated PressMay 9, 2026
Russian debt defaults are surging, with a quarter of the bond market at risk, while Putin hides in bunkers fixated on his war instead of the economy
Economy
Russian debt defaults are surging, with a quarter of the bond market at risk, while Putin hides in bunkers fixated on his war instead of the economy
By Jason MaMay 9, 2026
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals ‘dirty little secret’
Politics
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals ‘dirty little secret’
By Jason MaMay 9, 2026
Putin presides over Russia’s Victory Day parade without tanks, missiles and other heavy equipment due to threat of Ukrainian long-range drones
Politics
Putin presides over Russia’s Victory Day parade without tanks, missiles and other heavy equipment due to threat of Ukrainian long-range drones
By The Associated PressMay 9, 2026
Bahrain, which hosts the U.S. Navy’s Mideast HQ, arrests dozens with alleged links to Iran’s Revolutionary Guard
Politics
Bahrain, which hosts the U.S. Navy’s Mideast HQ, arrests dozens with alleged links to Iran’s Revolutionary Guard
By Adam Schreck, Samy Magdy and The Associated PressMay 9, 2026
Pedestrian who jumped Denver airport fence dies after being hit by Frontier Airlines plane, sparking an engine fire and forcing passengers to evacuate
North America
Pedestrian who jumped Denver airport fence dies after being hit by Frontier Airlines plane, sparking an engine fire and forcing passengers to evacuate
By The Associated PressMay 9, 2026
As hantavirus outbreak unfolds, the CDC is missing in action, experts say. ‘I’m very sorry to say that we are not prepared’
Politics
As hantavirus outbreak unfolds, the CDC is missing in action, experts say. ‘I’m very sorry to say that we are not prepared’
By Mike Stobbe and The Associated PressMay 9, 2026
Protester at Jeffrey Epstein hearing
Law
How Jeffrey Epstein leveraged a prestigious U.N.-affiliated nonprofit—and the Gates Foundation—to control women and keep them in his orbit
By Jessica MathewsMay 9, 2026
You’re probably safe from the Hantavirus outbreak, but here’s what you absolutely must not do, experts say
Politics
You’re probably safe from the Hantavirus outbreak, but here’s what you absolutely must not do, experts say
By Catherina GioinoMay 8, 2026
kid on phone
Politics
‘Close to zero’: Schools are spending tens of millions banning phones from classrooms, but test scores aren’t improving
By Jake AngeloMay 8, 2026
Iran may have a higher tolerance for economic pain—but the pain is excruciating as regime reveals 100% inflation in just days on some items
Economy
Iran may have a higher tolerance for economic pain—but the pain is excruciating as regime reveals 100% inflation in just days on some items
By Jason MaMay 8, 2026
Apple promised a smarter Siri, but a lawsuit says it didn’t deliver—and you can get up to $95 back
Law
Apple promised a smarter Siri, but a lawsuit says it didn’t deliver—and you can get up to $95 back
By Catherina GioinoMay 8, 2026
Ray Dalio: the ‘heart attack’ of America’s debt crisis is just the beginning of a ‘great turbulence’ that will reshape the country
Economy
Ray Dalio: the ‘heart attack’ of America’s debt crisis is just the beginning of a ‘great turbulence’ that will reshape the country
By Nick LichtenbergMay 8, 2026
eisenhower office
Politics
Trump wants to repaint a historic landmark. Preservationists say it will destroy it—and cost taxpayers $7.5m
By The Associated Press and Darlene SupervilleMay 8, 2026
UFOs
North America
Pentagon begins releasing new files on UFOs, telling public to draw their own conclusions
By Collin Binkley, Seung Min Kim and The Associated PressMay 8, 2026
trump
Economy
U.S. economy surprises with 115,000 new jobs created in April
By Paul Wiseman and The Associated PressMay 8, 2026
mamdani
Real Estate
New York is going to tax the wealthy’s second homes, but not tax wealth itself
By Anthony Izaguirre and The Associated PressMay 8, 2026
Wall Street piles into ‘NACHO’ bet on looming oil shortages in June
Economy
Wall Street piles into ‘NACHO’ bet on looming oil shortages in June
By Jim EdwardsMay 8, 2026
amit
AI
$96 billion giant ServiceNow doesn’t see a ‘SaaSpocalypse.’ It sees the ‘hard lift, heavy lifting’ phase just beginning
By Nick LichtenbergMay 7, 2026
collins
Politics
73-year-old Susan Collins has been a senator for decades. She only just disclosed a benign essential tremor
By Patrick Whittle, Kimberlee Kruesi and The Associated PressMay 7, 2026
usps
Law
Trump administration thinks maybe it’s okay to let people send handguns to each other through the mail
By The Associated Press and Jessica HillMay 7, 2026
Motorbikes drive past a billboard with graphic showing the late Iranian Supreme Leader Ayatollah Ali Khamenei
Politics
Iran is setting up an agency to tax ships passing through Hormuz even as it negotiates a peace deal
By Adam Schreck, David McHugh, Russ Bynum and The Associated PressMay 7, 2026
Photo of Elon Musk
AI
Elon Musk called Anthropic ‘evil’ 3 months ago. Now he’s taking $4 billion to become its data landlord
By Eva RoytburgMay 7, 2026
trump
Politics
Trump admits World Cup tickets are too expensive—days after Infantino insisted they were ‘market rate’ for America
By Nick LichtenbergMay 7, 2026
Elizabeth Warren speaks into a microphone during a Senate Banking Committee meeting
Crypto
Elizabeth Warren seeks information on Meta’s latest stablecoin plans in letter to Mark Zuckerberg
By Jack KubinecMay 7, 2026
whitmer
Politics
Surging gas prices, auto-crushing tariffs and ominous special elections: GOP sees Michigan slipping away
By Joey Cappelletti and The Associated PressMay 7, 2026
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Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran warplaceholder alt text
By Sasha RogelbergJuly 17, 2026
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’placeholder alt text
By Fortune EditorsJuly 15, 2026
Big Tech
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Googleplaceholder alt text
By Mia OsmonbekovJuly 16, 2026
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