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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
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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
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Commercial auto insurance explained for business owners
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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
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Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
By Tatiana SatauaJuly 17, 2026
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Sarah Friar, CFO of OpenAI
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OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off
By Sheryl EstradaJuly 17, 2026
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Bill Gates attends the Clinton Global Initiative 2024 Annual Meeting at New York Hilton Midtown on September 24, 2024 in New York City.
Law
‘Playing with fire’: Jeffrey Epstein bankrolled Bill Gates reported ex-girlfriend for years—then asked to be repaid five months before he died
By Eva RoytburgMarch 14, 2026
U.S. hits military targets on Iran’s Kharg Island as war escalates
Politics
U.S. hits military targets on Iran’s Kharg Island as war escalates
By Skylar Woodhouse, Catherine Lucey and BloombergMarch 13, 2026
U.S. officials have discussed trading oil futures, Burgum says
Energy
U.S. officials have discussed trading oil futures, Burgum says
By Jennifer A. Dlouhy, Tyler Kendall and BloombergMarch 13, 2026
Judge quashes Fed subpoenas, saying DOJ has ‘produced essentially zero evidence’ against Powell, who hints at future as board governor
Politics
Judge quashes Fed subpoenas, saying DOJ has ‘produced essentially zero evidence’ against Powell, who hints at future as board governor
By Christopher Rugaber and The Associated PressMarch 13, 2026
U.S. to send 2,500 Marines and an amphibious assault ship to Mideast, pulling them from waters near Taiwan
Politics
U.S. to send 2,500 Marines and an amphibious assault ship to Mideast, pulling them from waters near Taiwan
By Jon Gambrell, David Rising, Mike Corder and The Associated PressMarch 13, 2026
All 6 crew members on KC-135 refueling plane that crashed in Iraq are dead, bringing U.S. death toll to at least 13 service members
Politics
All 6 crew members on KC-135 refueling plane that crashed in Iraq are dead, bringing U.S. death toll to at least 13 service members
By Konstantin Toropin, Ben Finley, Kim Tong-Hyung and The Associated PressMarch 13, 2026
U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped for a small town firefighter, budget watchdog warns 
Economy
U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped for a small town firefighter, budget watchdog warns 
By Jason MaMarch 13, 2026
A man with a grocery cart peruses a dairy aisle in Costco.
Law
Americans are demanding refunds from the $180 billion in tariffs they paid for, and they’re suing companies like Costco to make it happen
By Sasha RogelbergMarch 13, 2026
President Donald Trump
Energy
The war in Iran has caused the biggest oil supply disruption in history, energy watchdog says, and a swift end to the conflict might not change that
By Tristan BoveMarch 13, 2026
trump
Energy
Trump bragged about gas $2.30 a gallon just a month ago. He’s changed his tune
By Josh Boak and The Associated PressMarch 13, 2026
Reserve Chair Jerome Powell arrives to speak during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on January 28, 2026 in Washington, DC.
Economy
Trump again pushes Powell to drop interest rates ‘IMMEDIATELY’ — but a zero-cut year looks increasingly likely
By Eleanor PringleMarch 13, 2026
The Oscars make it clear: Hollywood is in a death spiral
Magazine
The Oscars make it clear: Hollywood is in a death spiral
By Geoff ColvinMarch 13, 2026
Trump
Economy
‘The conflict in Iran demonstrates why we need to keep our national debt at a reasonable level’: think tank sees economic emergency around the corner
By Nick LichtenbergMarch 13, 2026
Man speaks on conference stage
Crypto
Ripple valued at $50 billion after $750 million share buyback
By Carlos GarciaMarch 12, 2026
iran
Politics
Iran’s new Supreme Leader warns of ‘opening other fronts’ in first statement from hiding
By Jon Gambrell, David Rising, Mike Corder, Natalie Melzer and The Associated PressMarch 12, 2026
evs
Energy
This 55-year-old supply chain management professor took a gamble last year: he bought an electric vehicle
By Alexa St. John, Tammy Webber and The Associated PressMarch 12, 2026
Inside the Binance accounts internal investigators say helped transfer more than $1 billion to Iran-linked entities: A 79-year-old VIP Chinese trader and a suspected Iranian gold smuggler
Crypto
Inside the Binance accounts internal investigators say helped transfer more than $1 billion to Iran-linked entities: A 79-year-old VIP Chinese trader and a suspected Iranian gold smuggler
By Leo Schwartz and Ben WeissMarch 12, 2026
police
Law
Police officers shot a man in the back, then a cop took the first ambulance because of a ‘mild anxiety attack’
By Dave Collins and The Associated PressMarch 12, 2026
senate
Real Estate
Senate passes bill to make housing more affordable, with no indication House or Trump will approve it
By Charlotte Kramon, Alex Veiga, Mary Clare Jalonick and The Associated PressMarch 12, 2026
trader
Energy
Oil hits $100 a barrel and stocks sink as Iran War drags on with no end in sight
By Stan Choe and The Associated PressMarch 12, 2026
donald trump
Politics
Trump might get away with his new tariffs: The law he’s relying on survived over 3,600 legal challenges, and even Biden used it
By Jake AngeloMarch 12, 2026
A man stands amidst a field of corn.
Economy
Fertilizer prices soar as Strait of Hormuz tensions rise—forcing U.S. farmers to rethink spring planting
By Sasha RogelbergMarch 12, 2026
Former Tennessee Gov. Bill Haslam holding up his fingers.
Future of Work
‘I don’t know if we’re ready’: Governors from each party appalled at 100-year-old federal workforce strategy
By Catherina GioinoMarch 12, 2026
dario
Commentary
Anthropic just sued the Pentagon. The outcome could reshape the AI race with China
By Mark MinevichMarch 12, 2026
Trump gestures
Energy
Trump says the U.S. will open its first new oil refinery in nearly 50 years as the U.S. military avoids bombing Iran’s oil infrastructure
By Jacqueline MunisMarch 11, 2026
U.S. President Donald Trump speaks to the Republican Members Issues Conference at Trump National Doral Miami on March 9, 2026 in Doral, Florida.
Economy
It’s thanks to Social Security wealth inequality isn’t even worse, Wharton economist says. Trump’s policies will push it to insolvency in 6 years
By Tristan BoveMarch 11, 2026
trump
Commentary
There’s one particular way the Iran War is different from all the others in American history
By Charles Walldorf and The ConversationMarch 11, 2026
U.S. President Donald Trump speaks to the Republican Members Issues Conference at Trump National Doral Miami on March 9, 2026 in Doral, Florida.
Energy
The fog of war is coming from inside the White House—and it cost oil markets $84 million in 10 minutes
By Eva RoytburgMarch 11, 2026
strait
Middle East
The Strait of Hormuz isn’t totally closed. Meet the ‘shadow fleet’
By Charles Edward Gehrke and The ConversationMarch 11, 2026
FILE - Fishermen work in front of oil tankers south of the Strait of Hormuz Jan. 19, 2012, offshore the town of Ras Al Khaimah in United Arab Emirates. (AP Photo/Kamran Jebreili, File)
Energy
The IEA is releasing a record 400 million barrels of emergency oil. It may not be enough
By The Associated Press, Samuel Petrequin and Kirsten GrieshaberMarch 11, 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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