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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
More in Politics
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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griffin
Politics
Ken Griffin says Zohran Mamdani video shocked him: ‘It took a moment to digest what I was watching’
By Nick LichtenbergMay 6, 2026
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
Economy
A year after Liberation Day, Trump’s tariffs have done ‘significant damage’ to the U.S. economy, says Moody’s chief economist
By Eleanor PringleMay 6, 2026
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
Energy
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
By Jim EdwardsMay 6, 2026
Photo of Marc Benioff
Magazine
Salesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
Over 98% of stablecoins are dollar backed. That’s good for the U.S.—until it’s not
Crypto
Over 98% of stablecoins are dollar backed. That’s good for the U.S.—until it’s not
By Jeff John RobertsMay 5, 2026
Gen Alpha is using makeup to pass age verification tech online. One mom caught her son using an eyebrow pencil
Cybersecurity
Gen Alpha is using makeup to pass age verification tech online. One mom caught her son using an eyebrow pencil
By Catherina GioinoMay 5, 2026
OpenAI cofounder and president Greg Brockman (left) and cofounder and CEO Sam Altman (right) dressed in suits and walking through the lobby of a court house.
Newsletters
Musk’s court fight against OpenAI produces more heat than light on the control of advanced AI
By Jeremy KahnMay 5, 2026
How the next CDC director could reshape America’s $5.3 trillion health care industry
Health
How the next CDC director could reshape America’s $5.3 trillion health care industry
By Cassie McGrath and Healthcare BrewMay 5, 2026
Trump points as he speaks with his mouth opened wide
Politics
White House estimates Trump’s Big Pharma dealmaking will save Americans $529 billion over the next 10 years
By Josh Boak and The Associated PressMay 5, 2026
Mark Zuckerberg
Law
James Patterson, Biden publishers say Mark Zuckerberg ‘personally authorized’ copyright infringement in new lawsuit against Meta
By Hillel Italie and The Associated PressMay 5, 2026
One American loses their job for every 6 immigrants removed from the workforce as researchers see ‘no evidence’ that ICE is helping the economy
Economy
One American loses their job for every 6 immigrants removed from the workforce as researchers see ‘no evidence’ that ICE is helping the economy
By Tristan BoveMay 5, 2026
Pennsylvania sues Character.AI after its chatbot allegedly told a state investigator it was a ‘doctor of psychiatry’ licensed in the state
Law
Pennsylvania sues Character.AI after its chatbot allegedly told a state investigator it was a ‘doctor of psychiatry’ licensed in the state
By The Associated Press and Marc LevyMay 5, 2026
The Met Gala raised a record $42 million as Silicon Valley picked up the tab—and as celebs protested Jeff Bezos’ sponsoring of the event
Politics
The Met Gala raised a record $42 million as Silicon Valley picked up the tab—and as celebs protested Jeff Bezos’ sponsoring of the event
By Catherina GioinoMay 5, 2026
UK-based Google DeepMind workers vote to unionize over military AI contracts amid internal backlash over its Pentagon deal
AI
UK-based Google DeepMind workers vote to unionize over military AI contracts amid internal backlash over its Pentagon deal
By Beatrice NolanMay 5, 2026
kapoor
Commentary
Morningstar CEO: I agree with the SEC on ending quarterly reporting—with conditions
By Kunal KapoorMay 5, 2026
President Donald Trump delivers the State of the Union address during a joint session of Congress in the House Chamber at the Capitol on February 24, 2026 in Washington, DC.
Economy
‘Any semblance of fiscal responsibility’ has been abandoned, says budget watchdog, as national debt creeps toward $39 trillion milestone
By Eleanor PringleMay 5, 2026
Supermicro’s earnings call today takes place amid a probe that could be ‘fatal’ for the company
Big Tech
Supermicro’s earnings call today takes place amid a probe that could be ‘fatal’ for the company
By Jim EdwardsMay 5, 2026
yann lecun
AI
An AI ‘godfather’ says CEOs hyping job loss are ‘extremely destructive’—and your kids are paying the price
By Jake AngeloMay 5, 2026
alain
Commentary
I watched my father run his business through the Lebanese Civil War. Here’s what it taught me about leading through disruption.
By Alain BejjaniMay 5, 2026
britney spears
Arts & Entertainment
Britney Spears pleads guilty to lesser ‘wet reckless’ charge in DUI case to avoid jail time
By Andrew Dalton and The Associated PressMay 4, 2026
‘You could say the ceasefire has ceased’: Iran is back on Wall Street’s radar as oil prices spike 6%
Energy
‘You could say the ceasefire has ceased’: Iran is back on Wall Street’s radar as oil prices spike 6%
By Eva RoytburgMay 4, 2026
palisades fire aftermath
Law
Palisades Fire suspect ranted about Luigi Mangione and being angry at the world before sparking the deadly blaze
By The Associated Press and Christopher WeberMay 4, 2026
China stopped issuing new robotaxi licenses over a glitch. America can’t stop them from rolling into active shooter situations
Law
China stopped issuing new robotaxi licenses over a glitch. America can’t stop them from rolling into active shooter situations
By Catherina GioinoMay 4, 2026
David Sacks
Economy
Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the U.S. economy’
By Tristan BoveMay 4, 2026
Patel speaks a large wooden podium, flanked by Cox and Pirro.
Law
Judge asks why White House correspondents’ dinner shooter was on suicide watch: ‘It could drive a person crazy to be in that situation’
By The Associated Press and Michael KunzelmanMay 4, 2026
Battle for Hormuz begins as U.S. military fights off Iranian attacks while seeking to break regime’s grip on ship traffic through strait
Politics
Battle for Hormuz begins as U.S. military fights off Iranian attacks while seeking to break regime’s grip on ship traffic through strait
By Jason MaMay 4, 2026
dario
AI
Anthropic takes shot at consulting industry in joint venture with Wall Street giants
By Nick LichtenbergMay 4, 2026
rudy
Politics
Rudy Giuliani hospitalized, in critical condition
By Michael R. Sisak, Christopher Weber and The Associated PressMay 4, 2026
beagle
Law
A month after police used pepper spray on animal activists, 1,500 beagles are freed from a shadowy research facility
By David Fischer and The Associated PressMay 4, 2026
Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud
Crypto
Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud
By Ben WeissMay 4, 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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