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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
Svenja Gudell, Chief Economist, Indeed
Commentary
Indeed chief economist: Aging Baby Boomers are America’s real labor problem, not AI
By Svenja GudellJuly 18, 2026
Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran
Energy
Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran
By Jordan BlumJuly 18, 2026
SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’
Investing
SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’
By Shawn TullyJuly 18, 2026
Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts
Cybersecurity
Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts
By Tatiana SatauaJuly 18, 2026
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
More NewsPage 52 of 100
Photo: Donald Trump
Politics
Global selloff in stocks as oil hits $115 and Trump admits he ‘knew nothing’ about Israel attack on major Iran gas field
By Jim EdwardsMarch 19, 2026
Ted Cruz stands and looks down at Donald Trump sitting at his desk in the Oval Office.
Economy
The Trump Administration’s proposed capital gains tax cut could add nearly $1 trillion to the national debt within the decade, think tank warns
By Sasha RogelbergMarch 19, 2026
Stephan Winkelmann, wearing a dark blue suit, speaks in front of a black background with the Lamborghini logo on it.
Retail
Lamborghini is selling a record number of cars—but tariffs are eating its profits
By Sasha RogelbergMarch 19, 2026
wine barrels
Law
Argentines once drank 90 liters of wine a year. Now they’re down to 15 — and 1,100 vineyards have already closed
By The Associated Press and Clara PreveMarch 18, 2026
university of florida
Law
University of Florida College Republicans chapter sues over being shut down on antisemitism claims
By The Associated Press and Mike SchneiderMarch 18, 2026
xi jinping
Politics
‘The United States is undermining itself’: China is ignoring Trump’s Hormuz request as the Iran war deepens and his Beijing trip slips
By The Associated Press and Didi TangMarch 18, 2026
Trump frowns
Economy
White House suspends the Jones Act for 60 days. Analysts see a gas price impact of 3 cents
By Wyatte Grantham-Philips and The Associated PressMarch 18, 2026
Mangione speaks with his lawyers
Law
Luigi Mangione’s lawyers say back-to-back state and federal trials violate his constitutional rights
By Michael R. Sisak and The Associated PressMarch 18, 2026
Smoke and flames rise from an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /
Energy
It’s almost inexplicable why oil prices aren’t much higher. But here’s why markets are ‘resilient’ so far despite the biggest energy supply shock ever
By Jordan BlumMarch 18, 2026
bessent
Economy
The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it
By Nick LichtenbergMarch 18, 2026
iran
Cybersecurity
Every Fortune 500 CEO’s nightmare: the Iran war and the Pandora’s Box of AI cyber warfare
By Nick LichtenbergMarch 18, 2026
Brooke Rollins stands in front of a line of men wearing black cowboy hats.
Energy
Meet a third-generation Tennessee farmer paying an extra $100k for fertilizer because of the Iran War
By Jack Dura and The Associated PressMarch 18, 2026
Female sculptor using a digital tablet in her art studio
Economy
Goldman Sachs says small businesses are embracing AI, but fewer than 1 in 5 are good at actually integrating it
By Tristan BoveMarch 18, 2026
Mayes speaks at a podium.
Law
Arizona calls Kalshi an illegal gambling business as first state in first state lawsuit against company
By Hannah Schoenbaum and The Associated PressMarch 18, 2026
boy holding phone in front of his face
Politics
Social media companies are scrambling to verify minors online. Congress just made it a lot more complicated
By Catherina GioinoMarch 18, 2026
Marines Celebration
North America
‘One in a million’ shrapnel rain fell on California highway, military report says
By The Associated Press and Christopher WeberMarch 18, 2026
Delta CEO slams Washington over unpaid TSA agents, says front-line workers are being used as ‘political chips’
Politics
Delta CEO slams Washington over unpaid TSA agents, says front-line workers are being used as ‘political chips’
By Marco Quiroz-GutierrezMarch 18, 2026
train tunnel construction
Politics
New York is suing the Trump Administration again—This time over $58 million in withheld subway funding
By The Associated PressMarch 18, 2026
Director of National Intelligence Tulsi Gabbard with Trump
Politics
Tulsi Gabbard won’t say whether she warned Trump that Iran could block the Strait of Hormuz
By The Associated Press, Eric Tucker, David Klepper and Stephen GrovesMarch 18, 2026
Woman in blue in front of the American flag
Politics
AI and Crypto spent nearly $20 million to reshape Illinois’s Democratic primaries. They mostly lost
By The Associated Press and Matt BrownMarch 18, 2026
man in suit raising hand swearing oath
Politics
Markwayne Mullin called Rand Paul a ‘freaking snake.’ Paul questioned whether ‘someone who applauds violence’ should lead DHS
By The Associated Press and Rebecca SantanaMarch 18, 2026
dictionary next to smartphone
Law
The dictionaries are suing OpenAI for ‘massive’ copyright infringement, and say ChatGPT is starving publishers of revenue
By Jake AngeloMarch 18, 2026
A sign displays the price of diesel fuel, which is at $5.99 at a Maverick gas station
Energy
‘I just want all of it to end’: U.S. gas prices reach highest level since 2023 with no end for the Iran War in sight
By Wyatte Grantham-Philips and The Associated PressMarch 18, 2026
Trump flipping his jacket up against a green backgroun
Energy
Trump said the U.S. would “run” Venezuela and sell its oil. Now it’s starting to happen
By The Associated Press, Fatima Hussein and Regina Garcia CanoMarch 18, 2026
PHOTO: DONALD TRUMP
Big Tech
As Trump rages against his allies, Republicans are asking what the plan is to end the chaos in Iran
By Jim EdwardsMarch 18, 2026
Video game screen
Law
A gaming CEO asked ChatGPT how to avoid paying a $250 million bonus. It didn’t work
By Catherina GioinoMarch 17, 2026
man in a suit
Politics
Who is Joe Kent? Meet the Green Beret, MAGA loyalist, and former political candidate who quit over Iran
By Catherina GioinoMarch 17, 2026
Three men standing in front of a white background.
Economy
‘100% completely unsustainable as a society.’ Billionaire advisor calls out widening inequality that leaves America’s poorest 80% ‘falling behind’
By Tristan BoveMarch 17, 2026
Trump surrounded by children
Politics
Won’t somebody think of the children? Advocacy group to spend $50 million to back Democrats pushing child care ahead of the midterms
By The Associated Press and Moriah BalingitMarch 17, 2026
trump
Commentary
Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades
By Jeffrey Sonnenfeld and Steven TianMarch 17, 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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