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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
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AOC
Politics
Obama’s former campaign manager has a ‘brutal truth’ for Democrats: ‘We have no economic message, and if we don’t get one, we’re not going to win’
By Meg Kinnard and The Associated PressMarch 3, 2026
ticketmaster
Law
DOJ rips into Ticketmaster monopoly in court: ‘today, the concert ticket industry is broken’
By Larry Neumeister and The Associated PressMarch 3, 2026
Jamie Dimon says Trump’s $5 billion JPMorgan Chase lawsuit has ‘no merit,’ but admits he’d be angry about debanking too
Banking
Jamie Dimon says Trump’s $5 billion JPMorgan Chase lawsuit has ‘no merit,’ but admits he’d be angry about debanking too
By Marco Quiroz-GutierrezMarch 3, 2026
U.S. Secretary of War Pete Hegseth standing in front of a podium with a Pentagon sign behind him, gesturing with his hands outstretched and looking angry.
AI
The Pentagon’s fight with Anthropic was the first real test for how we will control powerful AI. The bad news: we all failed
By Jeremy KahnMarch 3, 2026
Economist Mohamed El-Erian
Economy
Top economist Mohamed El-Erian warns of stagflation gripping the entire world economy the longer the Iran war goes on
By Tristan BoveMarch 3, 2026
Photo of Sam Altman
AI
Sam Altman says OpenAI is renegotiating with the Pentagon after an ‘opportunistic and sloppy’ deal
By Beatrice NolanMarch 3, 2026
clinton
Politics
Pizzagate and UFOs among questions Republicans have for Clintons over Epstein
By Stephen Groves and The Associated PressMarch 3, 2026
Want to live forever? Meta patented an AI model that would keep your profile active after you die
AI
Want to live forever? Meta patented an AI model that would keep your profile active after you die
By Jacqueline MunisMarch 3, 2026
trump
Middle East
Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says
By Nick LichtenbergMarch 2, 2026
OpenAI logo is seen in this photo illustration with the South Korean flag in the background
AI
‘Could it kill someone?’ A Seoul woman allegedly used ChatGPT to help carry out two murders in South Korean motels
By Catherina GioinoMarch 2, 2026
A woman stands with her hand on her hip as she pumps gas into her car.
Energy
Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but ‘three times the scale,’ analyst warns
By Sasha RogelbergMarch 2, 2026
Photo of Donald Trump
Personal Finance
CEO of America’s largest Social Security advisory firm: Trump’s big tax cut ‘did not help’
By Nick LichtenbergMarch 2, 2026
Sam Altman speaking into a mic.
AI
OpenAI’s Pentagon deal raises new questions about AI and mass surveillance
By Beatrice NolanMarch 2, 2026
Anthropic’s Claude overtakes ChatGPT in App Store as users boycott over OpenAI’s $200 million Pentagon contract
AI
Anthropic’s Claude overtakes ChatGPT in App Store as users boycott over OpenAI’s $200 million Pentagon contract
By Marco Quiroz-GutierrezMarch 2, 2026
A commercial ship anchored off the coast of Dubai.
Energy
The war in Iran could lead to a ‘guaranteed global recession’ because of one chokepoint that is crucial to the world economy, analyst says
By Tristan BoveMarch 2, 2026
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
Middle East
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
Photo of a young man holding a smartphone having his face scanned
Law
Social media companies are fighting the ‘age verification trap’ as collecting biometrics on kids violates privacy rights
By Catherina GioinoMarch 2, 2026
OpenAI CEO Sam Altman
AI
OpenAI CEO Sam Altman defends decision to strike Pentagon deal after Anthropic blacklisting, admits ‘optics don’t look good’
By Jeremy KahnMarch 2, 2026
iran
Politics
How the Oct. 7 attacks led to a multiyear destruction of Iran’s proxy militias
By Adam Geller, Abby Sewell and The Associated PressMarch 2, 2026
carvalho
Law
2 years after $3 million deal with bankrupt chatbot firm, LA’s schools superintendent is under investigation
By Jaimie Ding, Julie Watson and The Associated PressMarch 2, 2026
texas
Politics
High-stakes Texas primary comes down to wire with both Republican and Democratic candidates on edge
By Thomas Beaumont, Sean Murphy and The Associated PressMarch 2, 2026
warren
Investing
Berkshire’s Greg Abel admits ‘Warren is obviously a very hard act to follow’ in first letter to shareholders
By Josh Funk and The Associated PressMarch 2, 2026
dubai
Politics
‘This is Dubai’s ultimate nightmare’: Missile strikes rock safe-haven status of the Las Vegas of the East
By Brian Melley and The Associated PressMarch 2, 2026
iran
Politics
War widens in Middle East with over 500 dead, according to Iranian Red Crescent Society
By Jon Gambrell, Melanie Lidman, Samy Magdy and The Associated PressMarch 2, 2026
washington
Law
Washington roasted for using AI feature with heavily accented English instead of actual Spanish on state helpline
By Cedar Attanasio and The Associated PressMarch 2, 2026
oil
Energy
Oil prices spike above $70 per barrel as Iran’s Straight of Hormuz grows tangled
By David McHugh and The Associated PressMarch 2, 2026
President Donald Trump (C) oversees "Operation Epic Fury"
Economy
Trump’s action against Iran is yet another wobble for government debt, warns UBS
By Eleanor PringleMarch 2, 2026
This American tourist stranded in Dubai due to Iran’s bombardment doesn’t think she’ll be back — ‘the universe was trying to tell us something’
Politics
This American tourist stranded in Dubai due to Iran’s bombardment doesn’t think she’ll be back — ‘the universe was trying to tell us something’
By Brian Melley and The Associated PressMarch 1, 2026
At least 22 people killed and more than 120 injured in Pakistan after Iran supporters try to storm U.S. Consulate
Asia
At least 22 people killed and more than 120 injured in Pakistan after Iran supporters try to storm U.S. Consulate
By The Associated PressMarch 1, 2026
UAE stock markets to close for two days amid Iran strikes
Politics
UAE stock markets to close for two days amid Iran strikes
By Sherif Tarek, Omar Tamo, Farah Elbahrawy and BloombergMarch 1, 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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