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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
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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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texas
Politics
Texas ramps up effort to keep Mexican flesh-eating parasite away from its cattle ranches
By John Hanna, Eric Gay and The Associated PressFebruary 10, 2026
trump
Politics
People really did have a kind of millennial optimism in 2016, Gallup finds, as hopes for the future fade
By Linley Sanders and The Associated PressFebruary 10, 2026
Photo of President Donald Trump
Economy
America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026
By Eleanor PringleFebruary 10, 2026
Asia’s young, tech-savvy population will power the region’s growth: AIIB chief investment officer Kim-See Lim
Economy
Asia’s young, tech-savvy population will power the region’s growth: AIIB chief investment officer Kim-See Lim
By Angelica AngFebruary 10, 2026
A Very Large Crude Carrier from Greece unloads in China in 2020.
Energy
The Trump administration is touting approvals for oil-exporting hubs in the Gulf of Mexico—but no one seems to want to build them
By Jordan BlumFebruary 10, 2026
vonn
Law
Lindsey Vonn’s big crash is the moment millennial nostalgia hit its limit—and symbolizes a broader reality of moving goalposts
By Nick LichtenbergFebruary 9, 2026
A memorial for Nancy Guthrie
Politics
Savannah Guthrie pleads ‘we will pay’ as search for her missing mother continues after a week
By Ty O'Neil and The Associated PressFebruary 9, 2026
The Trump family’s crypto portfolio is getting battered with the rest of the industry—but Melania’s memecoin has fared surprisingly well
Crypto
The Trump family’s crypto portfolio is getting battered with the rest of the industry—but Melania’s memecoin has fared surprisingly well
By Ben WeissFebruary 9, 2026
Starmer speaks in front of a red background
Politics
‘Every fight I have ever been in, I’ve won’: British PM Starmer vows to fight for his job after Epstein links sack cabinet
By Jill Lawless and The Associated PressFebruary 9, 2026
The man who fixed Walmart’s grocery business was just appointed CEO of Kroger
Retail
The man who fixed Walmart’s grocery business was just appointed CEO of Kroger
By Phil WahbaFebruary 9, 2026
journalists
Commentary
I’m a war gamer for the Navy and I know why you don’t trust the media anymore. It’s fighting yesterday’s battles
By Charles Edward Gehrke and The ConversationFebruary 9, 2026
A sign outside of a home with Guthrie’s name on it
Crypto
Nancy Guthrie’s family faces $6 million Bitcoin ransom demand: How such a payment would take place
By Carlos GarciaFebruary 9, 2026
A man walks by the San Francisco Unified School District administrative building.
North America
Classrooms close as San Francisco teachers launch first public school strike in nearly 50 years
By The Associated PressFebruary 9, 2026
dara
Law
Uber ordered to pay $8.5 million after being found liable for sexual assault in landmark jury verdict
By Wyatte Grantham-Philips, Hallie Golden and The Associated PressFebruary 9, 2026
Phot of Donald Trump
Economy
Top analyst: Trump’s economy marked by ‘soggy consumption, weak job gains and a sour public mood’
By Nick LichtenbergFebruary 9, 2026
lai
Asia
Hong Kong tycoon and pro-democracy activist Jimmy Lai slapped with 20 years in prison
By Kanis Leung and The Associated PressFebruary 9, 2026
Photo of Donald Trump
Economy
China might be beginning to back away from U.S. debt as investors get nervous about overexposure to American assets
By Eleanor PringleFebruary 9, 2026
Dow futures rise after index tops 50,000 for the first time while landslide election in Japan sends U.S. bond yields higher
Economy
Dow futures rise after index tops 50,000 for the first time while landslide election in Japan sends U.S. bond yields higher
By Jason MaFebruary 8, 2026
Trump calls U.S. Olympian a ‘real Loser’ as athletes speak out against administration policies, while Jake Paul tells critics to ‘live somewhere else’
Politics
Trump calls U.S. Olympian a ‘real Loser’ as athletes speak out against administration policies, while Jake Paul tells critics to ‘live somewhere else’
By Fernanda Figueroa and The Associated PressFebruary 8, 2026
Dr. Oz begs Americans to get inoculated against measles as outbreaks spiral around the country. ‘Take the vaccine, please’
Health
Dr. Oz begs Americans to get inoculated against measles as outbreaks spiral around the country. ‘Take the vaccine, please’
By Matt Brown and The Associated PressFebruary 8, 2026
Russian officials are warning Putin that a financial crisis could arrive this summer, report says, while his war on Ukraine becomes too big to fail
Economy
Russian officials are warning Putin that a financial crisis could arrive this summer, report says, while his war on Ukraine becomes too big to fail
By Jason MaFebruary 8, 2026
Japanese prime minister’s landslide win gives her party a lower-house supermajority and more room to enact a right-wing agenda
Politics
Japanese prime minister’s landslide win gives her party a lower-house supermajority and more room to enact a right-wing agenda
By Mari Yamaguchi, Foster Klug and The Associated PressFebruary 8, 2026
bad bunny
Arts & Entertainment
How Bad Bunny went from Super Bowl supporting act to headliner with ticket sales to rival Taylor Swift’s
By Jake AngeloFebruary 8, 2026
Trump’s plan to send home prices higher will help him with baby boomer voters ahead of midterm elections but could spark a ‘generational war’
Real Estate
Trump’s plan to send home prices higher will help him with baby boomer voters ahead of midterm elections but could spark a ‘generational war’
By Josh Boak and The Associated PressFebruary 8, 2026
Minnesotans say immigration agents are impersonating construction workers, delivery drivers and anti-ICE activists
Politics
Minnesotans say immigration agents are impersonating construction workers, delivery drivers and anti-ICE activists
By Jake Offenhartz and The Associated PressFebruary 8, 2026
Russian attacks on Ukraine’s energy infrastructure are the biggest threat to its economy, which could shrink as much as 3%
Economy
Russian attacks on Ukraine’s energy infrastructure are the biggest threat to its economy, which could shrink as much as 3%
By Kamila Hrabchuk and The Associated PressFebruary 8, 2026
Washington Post publisher to step down after big layoffs as union calls his legacy ‘attempted destruction of a great American journalism institution’
C-Suite
Washington Post publisher to step down after big layoffs as union calls his legacy ‘attempted destruction of a great American journalism institution’
By David Bauder and The Associated PressFebruary 8, 2026
Malaysia’s economy minister sees 2026 as a year of ‘execution’ as Anwar administration tries to lock in policy gains
Asia
Malaysia’s economy minister sees 2026 as a year of ‘execution’ as Anwar administration tries to lock in policy gains
By Nicholas Gordon and Angelica AngFebruary 7, 2026
ICE protests, Bad Bunny flip script on Trump’s midterms playbook
Politics
ICE protests, Bad Bunny flip script on Trump’s midterms playbook
By Alicia Diaz, Augusta Saraiva and BloombergFebruary 7, 2026
Trump backs Nexstar’s $6.2 billion takeover of broadcast rival Tegna, a few months after blasting merger of ‘Radical Left Networks’
Politics
Trump backs Nexstar’s $6.2 billion takeover of broadcast rival Tegna, a few months after blasting merger of ‘Radical Left Networks’
By Christopher Rugaber and The Associated PressFebruary 7, 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
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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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