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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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trump
Politics
Trump says Cuba has ‘no money’ and ‘maybe we’ll have a friendly takeover’
By Will Weissert and The Associated PressFebruary 28, 2026
clinton
Politics
Bill Clinton on his Jeffrey Epstein relationship: ‘I saw nothing, and I did nothing wrong’
By Stephen Groves and The Associated PressFebruary 28, 2026
paramount
Law
Warner/Paramount sets up Hollywood to shrink from Big 5 to Big 4, a decade after Disney took out number 6
By Lindsey Bahr and The Associated PressFebruary 28, 2026
iran
Politics
‘This will be probably your only chance for generations’: Trump tells Iranians to first take cover, then rise up
By Brian Melley and The Associated PressFebruary 28, 2026
trump
Politics
Trump urges Iranians to ‘take over your government’ as he launches ‘major combat operations’
By The Associated PressFebruary 28, 2026
OpenAI CEO Sam Altman
AI
OpenAI sweeps in to ink deal with Pentagon as Anthropic is designated a ‘supply chain risk’—an unprecedented action likely to crimp its growth
By Jeremy KahnFebruary 28, 2026
OPEC+ to weigh bigger hike after Iran strike, delegates say
Energy
OPEC+ to weigh bigger hike after Iran strike, delegates say
By Salma El Wardany, Grant Smith, Ben Bartenstein, Fiona MacDonald and BloombergFebruary 28, 2026
U.S. airstrikes target members of Iranian leadership while retaliation focuses on Israel and American bases in the region
Politics
U.S. airstrikes target members of Iranian leadership while retaliation focuses on Israel and American bases in the region
By Jon Gambrell, Konstantin Toropin, Josh Boak, Aamer Madhani and The Associated PressFebruary 28, 2026
European leaders call for resumption of U.S.-Iran talks but say ‘Iranian people must be allowed to determine their future’
Politics
European leaders call for resumption of U.S.-Iran talks but say ‘Iranian people must be allowed to determine their future’
By Claudia Ciobanu, Sam McNeil and The Associated PressFebruary 28, 2026
Airspace closed and flights canceled across the Mideast amid U.S.-Israeli attacks on Iran
Politics
Airspace closed and flights canceled across the Mideast amid U.S.-Israeli attacks on Iran
By Cara Rubinsky and The Associated PressFebruary 28, 2026
Your spend as a ‘weapon’: Scott Galloway’s ‘Resist and Unsubscribe’ movement asks you to ditch Amazon, Apple, and Netflix to oppose Trump
Big Tech
Your spend as a ‘weapon’: Scott Galloway’s ‘Resist and Unsubscribe’ movement asks you to ditch Amazon, Apple, and Netflix to oppose Trump
By Kristin StollerFebruary 28, 2026
Trump confirms ‘massive and ongoing’ attacks on Iran, warns of possible casualties, and calls on Iranian people to overthrow regime
Middle East
Trump confirms ‘massive and ongoing’ attacks on Iran, warns of possible casualties, and calls on Iranian people to overthrow regime
By Jason MaFebruary 28, 2026
sam altman
AI
OpenAI strikes a deal with the Pentagon just hours after Trump orders the end of Anthropic contracts, and hours after a staff all-hands
By Sharon GoldmanFebruary 27, 2026
Trump’s FTC backs off social media regulation despite finding that nearly 20% of America’s children are online for 4 hours or more
Cybersecurity
Trump’s FTC backs off social media regulation despite finding that nearly 20% of America’s children are online for 4 hours or more
By Catherina GioinoFebruary 27, 2026
Emil Michael smirks
AI
Emil Michael, the Silicon Valley exec turned Trump official leading the war against Anthropic, has deep ties to the tech world
By Lily Mae LazarusFebruary 27, 2026
Trump orders U.S. government to stop using Anthropic but gives Pentagon six months to phase it out while Hegseth adds supply-chain risk designation
AI
Trump orders U.S. government to stop using Anthropic but gives Pentagon six months to phase it out while Hegseth adds supply-chain risk designation
By Jason MaFebruary 27, 2026
State Farm is doling out $100 checks to 49 million customers. Here’s who qualifies and how to get paid
Personal Finance
State Farm is doling out $100 checks to 49 million customers. Here’s who qualifies and how to get paid
By Sydney LakeFebruary 27, 2026
Aerial view of a data center under construction in Ohio.
Economy
Before AI gains materialize, governments will have to deal with a ‘policy tradeoff,’ Moody’s says: How to handle the massive spending and debt risk
By Tristan BoveFebruary 27, 2026
Low angle view of male carpenters working on rooftop of construction frame
Economy
More people are moving out of the U.S. than moving in for the first time since the Great Depression—a bad omen for the $38.8 trillion national debt
By Tristan BoveFebruary 27, 2026
‘Our heads are exploding:’ U.S. military’s “incompetence” led to a laser take down of a Border Protection drone
Politics
‘Our heads are exploding:’ U.S. military’s “incompetence” led to a laser take down of a Border Protection drone
By Josh Funk, Konstantin Toropin and The Associated PressFebruary 27, 2026
The Trump administration is looking for ways to keep revenue from tariffs that were ruled illegal, after telling courts that refunds would be easy
Law
The Trump administration is looking for ways to keep revenue from tariffs that were ruled illegal, after telling courts that refunds would be easy
By Jason MaFebruary 27, 2026
IRS
Law
The IRS turned over confidential taxpayer info to ICE ‘approximately 42,695 times.’ That was illegal, judge says
By Fatima Hussein and The Associated PressFebruary 27, 2026
lacks
Law
The immortal life of Henrietta Lacks lawsuits gets a bit shorter with Novartis settlement
By Brian Witte and The Associated PressFebruary 27, 2026
flavor flav
Politics
U.S. women’s hockey team dumps Trump, sets a date to celebrate gold medal with Flavor Flav in Las Vegas
By John Wawrow and The Associated PressFebruary 27, 2026
burger king
AI
Burger King tests OpenAI-powered headsets that will track the friendliness of drive-through workers
By Dee-Ann Durbin and The Associated PressFebruary 27, 2026
tkachuk
North America
American hockey star who plays in Canada’s capital rips White House for sharing AI-doctored TikTok video
By The Associated PressFebruary 27, 2026
hillary
Law
‘I do not recall ever encountering Mr. Epstein’: Hillary Clinton claims ignorance
By Stephen Groves and The Associated PressFebruary 27, 2026
zuck
Law
20-year-old claiming social media addiction in landmark trial says she was on it ‘all day long’ as a child. Meta brings up abusive environment
By Kaitlyn Huamani, Barbara Ortutay and The Associated PressFebruary 27, 2026
putin
Commentary
Exclusive analysis: we looked at the 400 western firms still in Russia. Their paltry size strips Putin’s bluff bare naked
By Jeffrey Sonnenfeld, Stephen Henriques, Jake Waldinger and Giuseppe ScottoFebruary 27, 2026
clinton
Politics
Bill Clinton to finally face Epstein questions from Congress—behind closed doors, at home in Chappaqua
By Stephen Groves and The Associated PressFebruary 27, 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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