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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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Law
Politics
After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others
After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others

Trump’s tariff program has gone from generating billions to forcing billions in refunds thanks to February’s Supreme Court ruling.

By Marco Quiroz-GutierrezJuly 17, 2026
xi
Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’
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
Law
More in Law
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

Menlo’s Amy Wu Martin says the AI music startup’s real business isn’t hit songs—it’s a new habit of making music just for yourself.

By Lily Mae LazarusJuly 17, 2026
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
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
‘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
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
More in Politics
Latest stories from Fortune
The Best Vitamins for Kids (2026): Support Their Immunity, Growth, and More
Health
The Best Vitamins for Kids (2026): Support Their Immunity, Growth, and More
By Emily PharesJuly 17, 2026
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
More NewsPage 38 of 100
hampshire
Law
Hampshire College closes, the latest in a string of small schools to fold under demographic, financial pressure
By Michael Casey, Leah Willingham and The Associated PressApril 15, 2026
snap
Law
Snap to cut about 1,000 jobs, or 16% of its global workforce
By The Associated PressApril 15, 2026
lebanon
Politics
Iran, U.S. close to agreeing cease-fire extension, officials say
By Samy Magdy, Sam Metz, Munir Ahmed and The Associated PressApril 15, 2026
dees
Commentary
A retired general’s warning: America can’t fight the AI arms race on tech it doesn’t control
By Robert F. DeesApril 15, 2026
Silicon Valley has no monopoly on AI brainpower. That’s why Demis Hassabis is very happy to stay in London
Europe
Silicon Valley has no monopoly on AI brainpower. That’s why Demis Hassabis is very happy to stay in London
By Kamal AhmedApril 15, 2026
Gavin Newsom stands behind a podium with a piece of paper in his hands as people celebrate around him.
Economy
Economists warned California not to raise the minimum wage to $20. They were wrong in almost every way so far, another economist says
By Sasha RogelbergApril 15, 2026
With global oil supplies weeks away from systemic shortages, Trump teases an end to the war
Energy
With global oil supplies weeks away from systemic shortages, Trump teases an end to the war
By Jim EdwardsApril 15, 2026
trump
Real Estate
Trump’s White House: America is short 10 million houses
By Josh Boak and The Associated PressApril 14, 2026
suburb
Real Estate
Another month, another record-high home price: March hits $408,800—the 33rd straight increase
By Jake AngeloApril 14, 2026
xi jinping
Economy
Xi Jinping says the world order is ‘crumbling into disarray.’ Larry Fink and the IMF are worried about a global recession
By Nick LichtenbergApril 14, 2026
US President Donald Trump
Economy
Trump’s agricultural tariffs hit all 50 states—driving up food prices, crushing exports, and leaving farmers with nowhere to turn
By Tristan BoveApril 14, 2026
Bitcoin, Ethereum approach two-month highs as markets grow optimistic over U.S.-Iran peace negotiations
Crypto
Bitcoin, Ethereum approach two-month highs as markets grow optimistic over U.S.-Iran peace negotiations
By Ben WeissApril 14, 2026
mike rowe
Success
‘Dirty Jobs’ host Mike Rowe is giving away $10 million to get Gen Z into trades—and says the skills gap has never been worse
By Jake AngeloApril 14, 2026
paramount
Arts & Entertainment
‘Unequivocal opposition’: Over 1,000 members of Hollywood royalty lobby against Paramount/Warner merger
By Jake Coyle and The Associated PressApril 14, 2026
doj
Law
‘If I am going to advocate for others to kill and commit crimes, then I must lead by example’: OpenAI suspect’s chilling manifesto
By Olga R. Rodriguez, Juan Lozano, Lekan Oyekanmi and The Associated PressApril 14, 2026
trump
Politics
Trump tips $100 to DoorDash driver who dropped off 2 McDonald’s bags at White House
By Will Weissert and The Associated PressApril 14, 2026
trump
Politics
Trump’s leaky blockade: ship sneaks through and talks with Iran resume
By Munir Ahmed, Sam Metz and The Associated PressApril 14, 2026
trump
Politics
Trump finds a tough guy from Chicago that he can’t intimidate: Pope Leo
By Bill Barrow and The Associated PressApril 14, 2026
tax
Personal Finance
Americans rate Trump’s tax cuts a loser as most believe they’re still too high
By Linley Sanders and The Associated PressApril 14, 2026
Jodey Arrington, R-Texas, is seen during the House Budget Committee markup of the "Concurrent Resolution on the Budget for FY2025,"
Economy
‘We have to be able to walk and chew gum’ on government spending, says budget chairman, addressing debt crisis and national security
By Eleanor PringleApril 14, 2026
Photo: Sam Altman
Economy
Man charged in arson attack on Sam Altman’s house had AI CEO kill list, prosecutors say
By Jim EdwardsApril 14, 2026
Dario Amodei
AI
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
By Beatrice NolanApril 14, 2026
Donald Trump walks outside, putting a fist in the air.
Politics
Tariffs are the new normal, and now most CEOs expect the import taxes to outlast the Trump administration, PwC report finds
By Sasha RogelbergApril 14, 2026
United CEO has pitched possible combination with rival American
Politics
United CEO has pitched possible combination with rival American
By Siddharth Philip, Allyson Versprille, Sri Taylor and BloombergApril 13, 2026
sam altman
Law
Meet the man accused of throwing a Molotov cocktail at Sam Altman: a 20-year-old AI doomer
By Juan Lozano, Lekan Oyekanmi and The Associated PressApril 13, 2026
NEW YORK, NEW YORK - DECEMBER 12: President-elect Donald Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 in New York City. Trump was invited to the Exchange after being named TIME’s “Person of the Year” for the second time. (Photo by Spencer Platt/Getty Images)
Energy
Wall Street is the biggest winner of the Iran war—and the S&P 500 just turned positive for the year
By Eva RoytburgApril 13, 2026
trump
Politics
Trump refuses to apologize to the Pope, offers implausible explanation for tweeting himself as Jesus
By Will Weissert, Josh Boak, Nicole Winfield and The Associated PressApril 13, 2026
iran
Energy
With the U.S. now blockading the Strait of Hormuz, the focus is on who has ‘the guts to go through first’
By Jordan BlumApril 13, 2026
U.S. President Donald Trump salutes as a U.S. Army carry team moves a flag-draped transfer case containing the remains of Sgt. Declan J. Coady at Dover Air Force Base on March 07, 2026 in Dover, Delaware.
Politics
Trump has wanted to humble Iran since 1980. He may be humbling the American empire instead
By Eva Roytburg and Nick LichtenbergApril 13, 2026
JBS-Pensions
Law
Union workers win their beef: New labor contract sealed at one of the nation’s largest meatpacking plants
By The Associated Press and Jessica HillApril 13, 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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