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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
Commercial auto insurance explained for business owners
Personal Finance
Commercial auto insurance explained for business owners
By Joseph HostetlerJuly 17, 2026
So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits
Investing
So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits
By Catherina GioinoJuly 17, 2026
Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders
Success
Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders
By Sydney LakeJuly 17, 2026
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
AI
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
By Tatiana SatauaJuly 17, 2026
NordicTrack X24 Treadmill Review (2026): Expert Reviewed
Health
NordicTrack X24 Treadmill Review (2026): Expert Reviewed
By Christina SnyderJuly 17, 2026
Sarah Friar, CFO of OpenAI
AI
OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off
By Sheryl EstradaJuly 17, 2026
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
Asia
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
By Nicholas GordonJuly 17, 2026
Raj Subramaniam, CEO of FedEx
Success
FedEx’s CEO landed his first job by taking a roommate’s abandoned interview. Now he’s running a $75 billion shipping giant
By Emma BurleighJuly 17, 2026
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trump
Politics
Republicans fear the midterms, but Trump is still enacting retribution on anyone who strays from MAGA path
By Thomas Beaumont, Bill Barrow and The Associated PressMay 7, 2026
bears
Environment
Judge allows Alaska wildlife agents to resume shooting bears from helicopters to protect recovering caribou herd
By Becky Bohrer and The Associated PressMay 7, 2026
mahan
Politics
Silicon Valley sees only one ‘sane’ Democrat running for governor: a 43-year-old former tech executive
By Trân Nguyễn and The Associated PressMay 7, 2026
thomas
Law
Only one Supreme Court Justice has ever served longer than Clarence Thomas
By Lindsay Whitehurst and The Associated PressMay 7, 2026
roberts
Law
John Roberts insists, despite all evidence to contrary, Supreme Court is ‘simply not part of the political process’
By Lindsay Whitehurst and The Associated PressMay 7, 2026
epstein
Law
Alleged Epstein suicide note released: ‘Watcha want me to do — Bust out cryin!!’
By Michael R. Sisak, Larry Neumeister and The Associated PressMay 7, 2026
trump
Commentary
Auto-enrollment in Medicare Advantage isn’t a nudge. It’s a trap
By Brian KeyserMay 7, 2026
Gusto’s path to $1 billion in revenue, milestone-by-milestone
Startups & Venture
Gusto’s path to $1 billion in revenue, milestone-by-milestone
By Allie GarfinkleMay 7, 2026
Wall Street has decided the war is already over as stocks rally globally on peace talk progress
Politics
Wall Street has decided the war is already over as stocks rally globally on peace talk progress
By Jim EdwardsMay 7, 2026
moore
Commentary
I litigated the JetBlue-Spirit merger. A few thoughts on the future of antitrust in the airline industry
By James "Jimmy" MooreMay 7, 2026
After the FDA spent years rejecting over flavored vape products, Trump reportedly pressed his FDA commissioner to allow mango and blueberry flavors
Politics
After the FDA spent years rejecting over flavored vape products, Trump reportedly pressed his FDA commissioner to allow mango and blueberry flavors
By Marco Quiroz-GutierrezMay 7, 2026
Debris from the White House East Wing demolition was dumped at a nearby public golf course and contains toxic metals, National Park report finds
Politics
Debris from the White House East Wing demolition was dumped at a nearby public golf course and contains toxic metals, National Park report finds
By Sasha RogelbergMay 7, 2026
ben
Commentary
Magnum owns Ben & Jerry’s. Now it’s destroying what made the brand worth buying
By David Bronner, Michael Bronner and Ryan GellertMay 7, 2026
lu
Law
Was it a secret Chinese spy headquarters or a ping-pong parlor? New York Chinatown case goes to trial
By Michael R. Sisak and The Associated PressMay 6, 2026
UCLA
Law
‘Highly qualified White, Asian, and other students were denied admission’: DOJ accuses UCLA of discrimination
By Heather Hollingsworth, Collin Binkley and The Associated PressMay 6, 2026
turner
Law
Before Mark Cuban and Jerry Jones, there was Ted Turner, the larger-than-life billionaire owner who changed sports
By R.J. Rico, Tim Reynolds and The Associated PressMay 6, 2026
turner
Politics
Understanding the legacy of Ted Turner and the creation of the 24-hour news cycle: ‘there is no hyperbole here’
By Jocelyn Noveck, Wyatte Grantham-Philips and The Associated PressMay 6, 2026
turner
Politics
He was ‘The Mouth of the South’ and ‘Captain Outrageous,’ but Ted Turner said ‘If only I had a little humility, I’d be perfect’
By David Bauder and The Associated PressMay 6, 2026
A boat in the strait of hormuz.
Energy
Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships
By Mae Anderson, David McHugh and The Associated PressMay 6, 2026
Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
Real Estate
Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
By Catherina GioinoMay 6, 2026
Trump’s AI policy team came into office opposing everything Biden did. Now it’s on the cusp of implementing many of the same policies
Crypto
Trump’s AI policy team came into office opposing everything Biden did. Now it’s on the cusp of implementing many of the same policies
By Sharon GoldmanMay 6, 2026
donald trump
Economy
AI could solve America’s $39 trillion debt crisis—but only if Washington abandons displaced workers, Yale Budget Lab warns
By Jake AngeloMay 6, 2026
A phone with a Zcash logo is held up in front of a computer monitor displaying price information
Crypto
Zcash spikes 30% after Multicoin managing partner says firm bought the token, calls it protection against wealth taxes
By Jack KubinecMay 6, 2026
pope
Europe
Trump accuses Pope of comforting Iran: ‘I think he’s endangering a lot of Catholics and a lot of people’
By Matthew Lee, Nicole Winfield and The Associated PressMay 6, 2026
campus
Politics
Campus antisemitism really was that bad, and it peaked in 2024, ADL says
By David Crary and The Associated PressMay 6, 2026
pliego
Law
‘I feel like an absolute idiot. How could I fall for this?’ Mexican billionaire scammed out of $450 million by Russian claiming to be an Astor
By Dave Collins and The Associated PressMay 6, 2026
trump
Politics
Trump claims he’s close to a deal with Iran and ‘if they don’t agree, the bombing starts’
By Josh Boak, E. Eduardo Castillo, Elena Becatoros and The Associated PressMay 6, 2026
Ted Turner, CNN founder, former Braves owner, and creator of the 24-hour news cycle, is dead at 87
Politics
Ted Turner, CNN founder, former Braves owner, and creator of the 24-hour news cycle, is dead at 87
By The Associated Press and David BauderMay 6, 2026
Donald Trump stands behind a podium, mimicking holding a gun.
Economy
‘Different from anything in the past 80 years of dollar dominance’: U.S. sanctions spur a ‘paradox’ pushing allies away from American currency
By Sasha RogelbergMay 6, 2026
mckinsey
Commentary
The U.S. leads in 14 of 18 industries shaping the future economy — but the lead isn’t guaranteed
By Kevin Russell, Chris Bradley and Kweilin EllingrudMay 6, 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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