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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

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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

3

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

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

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

3

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
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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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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
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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
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Sarah Friar, CFO of OpenAI
AI
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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 58 of 100
Tehran engulfed in fire, smoke and acid rain following strikes
Politics
Tehran engulfed in fire, smoke and acid rain following strikes
By Golnar Motevalli, Arsalan Shahla and BloombergMarch 8, 2026
Oil market chaos to deepen as more Gulf giants cut output
Energy
Oil market chaos to deepen as more Gulf giants cut output
By Yongchang Chin and BloombergMarch 8, 2026
Trump said the ‘economy is roaring’ but the job market has evaporated, soaring gas prices could boost inflation, and stocks have plunged
Economy
Trump said the ‘economy is roaring’ but the job market has evaporated, soaring gas prices could boost inflation, and stocks have plunged
By Josh Boak and The Associated PressMarch 8, 2026
The Persian Gulf’s ‘saltwater kingdoms’ rely so much on desalination that damage to the infrastructure could force evacuations
Energy
The Persian Gulf’s ‘saltwater kingdoms’ rely so much on desalination that damage to the infrastructure could force evacuations
By Annika Hammerschlag and The Associated PressMarch 8, 2026
Mideast’s water supply at risk as Bahrain and Iran say their desalination plants were attacked amid expanding war
Politics
Mideast’s water supply at risk as Bahrain and Iran say their desalination plants were attacked amid expanding war
By Jon Gambrell, Sam Metz, Kareem Chehayeb and The Associated PressMarch 8, 2026
Photo of Logan Brown
Success
This AI founder who quit her 9-to-5 law job has a warning for anyone dreaming of doing the same: ‘I’m working harder now than I ever did’
By Emma BurleighMarch 8, 2026
Iran sends conflicting signals on war, highlighting split between leaders looking to de-escalate vs. hard-liners bent on fighting the U.S. and Israel
Politics
Iran sends conflicting signals on war, highlighting split between leaders looking to de-escalate vs. hard-liners bent on fighting the U.S. and Israel
By Jon Gambrell, Sam Mednick, Samy Magdy and The Associated PressMarch 7, 2026
Trump says he ruled out having Kurdish forces join Iran war
Politics
Trump says he ruled out having Kurdish forces join Iran war
By Maria Paula Mijares Torres and BloombergMarch 7, 2026
UAE and Kuwait start oil output cuts after Hormuz blockage
Energy
UAE and Kuwait start oil output cuts after Hormuz blockage
By Fiona MacDonald, Anthony Di Paola and BloombergMarch 7, 2026
Trump grieves with families during return of soldiers killed in war in the Middle East
Politics
Trump grieves with families during return of soldiers killed in war in the Middle East
By Seung Min Kim, Julia Demaree Nikhinson and The Associated PressMarch 7, 2026
Forget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
Energy
Forget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
By Jason MaMarch 7, 2026
Trump calls on regional leaders at ‘Shield of the Americas’ summit to use their militaries against drug cartels
North America
Trump calls on regional leaders at ‘Shield of the Americas’ summit to use their militaries against drug cartels
By Aamer Madhani, Joshua Goodman, Alanna Durkin Richer and The Associated PressMarch 7, 2026
The U.S. is sending an AI-powered anti-drone system to the Mideast as response to countering Iran’s Shahed has been ‘disappointing’
Politics
The U.S. is sending an AI-powered anti-drone system to the Mideast as response to countering Iran’s Shahed has been ‘disappointing’
By Emma Burrows and The Associated PressMarch 7, 2026
Top Pentagon official recalls the ‘whoa moment’ when defense leaders realized how indispensable Anthropic is and saw the risk of losing access
AI
Top Pentagon official recalls the ‘whoa moment’ when defense leaders realized how indispensable Anthropic is and saw the risk of losing access
By Jason MaMarch 7, 2026
OpenAI robotics leader resigns over concerns about surveillance and autonomous weapons amid Pentagon contract
AI
OpenAI robotics leader resigns over concerns about surveillance and autonomous weapons amid Pentagon contract
By Sharon GoldmanMarch 7, 2026
Saudi Arabia intensifies engagement with Iran to defuse war
Politics
Saudi Arabia intensifies engagement with Iran to defuse war
By Donato Paolo Mancini, Fiona MacDonald, Samy Adghirni, Sam Dagher and BloombergMarch 7, 2026
Trump says U.S. may target new parts of Iran in escalating war
Politics
Trump says U.S. may target new parts of Iran in escalating war
By Arsalan Shahla, Kateryna Kadabashy and BloombergMarch 7, 2026
Regular gasoline is now $3.41 a gallon, up 43 cents since Trump launched his war on Iran, as oil prices soar 36% from a week ago
Energy
Regular gasoline is now $3.41 a gallon, up 43 cents since Trump launched his war on Iran, as oil prices soar 36% from a week ago
By Cathy Bussewitz and The Associated PressMarch 7, 2026
As Trump says military has plenty of munitions for Iran war, Democrats point out U.S. didn’t give Ukraine more interceptors because of low supply
Politics
As Trump says military has plenty of munitions for Iran war, Democrats point out U.S. didn’t give Ukraine more interceptors because of low supply
By Ben Finley and The Associated PressMarch 7, 2026
The U.S. and Gulf states have made repeated requests for Ukraine’s interceptor drones, but Kyiv banned weapons exports after Russia’s invasion
Politics
The U.S. and Gulf states have made repeated requests for Ukraine’s interceptor drones, but Kyiv banned weapons exports after Russia’s invasion
By Samya Kullab, Hanna Arhirova and The Associated PressMarch 7, 2026
With little or no help from the U.S. government, Americans stranded in the Mideast used WhatsApp and social media to figure out how to get home
Politics
With little or no help from the U.S. government, Americans stranded in the Mideast used WhatsApp and social media to figure out how to get home
By Hallie Golden, Rio Yamat, Michael Casey and The Associated PressMarch 7, 2026
Brandon Lutnick, chairman of Cantor Fitzgerald, sits in a white chair wearing a suit and speaking.
Banking
Meet the quiet winners of the Supreme Court tariff ruling: hedge funds creating a $100 billion market snapping up rights to importers’ tariff refunds
By Sasha RogelbergMarch 7, 2026
adams
Commentary
Trump’s former Surgeon General: voters widely support vaccine access and want Washington to focus elsewhere
By Jerome AdamsMarch 7, 2026
palmer luckey
AI
Palmer Luckey says Silicon Valley has the Pentagon all wrong: ‘Stick to a position that this is in the hands of the people’
By Jake AngeloMarch 6, 2026
Nearly 1,000 workers laid off at SK Battery plant in Georgia as companies cancel EVs and Trump Admin eliminates auto company incentives
Future of Work
Nearly 1,000 workers laid off at SK Battery plant in Georgia as companies cancel EVs and Trump Admin eliminates auto company incentives
By The Associated Press, Jeff Amy and Alexa St. JohnMarch 6, 2026
Emergency services were called by staff at ICE’s largest detention facility almost once a day for five months straight
Politics
Emergency services were called by staff at ICE’s largest detention facility almost once a day for five months straight
By The Associated Press, Michael Biesecker, Ryan J. Foley and Morgan LeeMarch 6, 2026
Scott Bessent, speaking into a microphone, raises one hand next to his face.
Economy
CBO highlights the good news in Trump’s lost tariff revenue hiking the deficit by $2 trillion: Lower inflation and unemployment—and higher GDP
By Sasha RogelbergMarch 6, 2026
Crypto industry could get its long-awaited bill as soon as July, says longtime D.C. insider
Crypto
Crypto industry could get its long-awaited bill as soon as July, says longtime D.C. insider
By Jeff John RobertsMarch 6, 2026
picture of bitcoin
Crypto
Bitcoin dives again after disappointing jobs report, ending midweek rally
By Carlos GarciaMarch 6, 2026
Zuckerberg walks away from the courthouse surrounded by people in suits.
Law
‘That’s not what we’re trying to do’: Mark Zuckerberg rejects claims that Facebook and Instagram are addictive at New Mexico social media trial
By Morgan Lee and The Associated PressMarch 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
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
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
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