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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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xi
Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’

“The development of artificial intelligence should not be a solo performance by any single country,” the Chinese president said at an event in in Shanghai.

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
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
By Lily Mae LazarusJuly 17, 2026
Law
More in Law
How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy
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
‘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
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
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
Trump insists ‘Iran is unhappy right now’ while venting about ‘electric catapults that don’t work’ at defense tech summit

After a long aside about the use of magnets to improve catapults on vessels, Trump finally offered, “I hope I’m not boring anybody.”

By Will Weissert, Sagar Meghani and The Associated PressJuly 16, 2026
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Latest stories from Fortune
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
Raj Subramaniam, CEO of FedEx
Success
FedEx’s CEO landed his first job by taking a roommate’s abandoned interview. Now he’s running a $75 billion shipping giant
By Emma BurleighJuly 17, 2026
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U.S. President Donald Trump speaks to reporters and members of the media at Mar-a-Lago on February 1, 2026 in Palm Beach, Florida.
Economy
President Trump just missed a key legal deadline for his spending plans—stoking economists’ fears over the $38.5 trillion national debt
By Eleanor PringleFebruary 3, 2026
Photo of Donald Trump
Commentary
What happened at Davos was a warning to CEOs: Their companies are designed for a world that no longer exists
By Ram CharanFebruary 3, 2026
In his day one message, Target’s new CEO ignored the elephant in the room. People noticed
Retail
In his day one message, Target’s new CEO ignored the elephant in the room. People noticed
By Phil WahbaFebruary 3, 2026
Trump
Economy
Trump hails Modi breakthrough, cutting tariffs with India cutting back on Russian oil
By Josh Boak, Aamer Madhani, Rajesh Roy and The Associated PressFebruary 2, 2026
guthrie
Law
‘Today’ show host Savannah Guthrie’s 84-year-old mother is missing, authorities suspect crime
By Jacques Billeaud and The Associated PressFebruary 2, 2026
Photo of the Bitcoin logo
Crypto
Why Bitcoin is in a bear market: Analyst points to 3 factors after currency swoons below $75,000
By Carlos GarciaFebruary 2, 2026
Photo of Gavin Newsom
Politics
California Gov. Gavin Newsom doubles down on his criticism of the proposed billionaire wealth tax
By Jake AngeloFebruary 2, 2026
Photo of Donald Trump
Innovation
It took the U.S. decades to respond to the 1970s energy shock with a strategic oil reserve, now it’s rerunning that playbook with rare earths
By Tristan BoveFebruary 2, 2026
How a ‘spy sheikh’ bought 49% of the Trump family’s flagship crypto company: ‘We’ve got some pretty meaningful investors’
Crypto
How a ‘spy sheikh’ bought 49% of the Trump family’s flagship crypto company: ‘We’ve got some pretty meaningful investors’
By Ben WeissFebruary 2, 2026
noah
Politics
Trump erupts about Trevor Noah joke linking him to Bill Clinton and Jeffrey Epstein: ‘I can’t speak for Bill, but I have never been to Epstein Island’
By Andrew Dalton and The Associated PressFebruary 2, 2026
eilish
Arts & Entertainment
‘No one is illegal on stolen land’: how the Grammys turned into a giant Trump roast and ICE protest
By James Pollard and The Associated PressFebruary 2, 2026
iguana
Politics
It’s so cold in Florida that iguanas are falling out of trees
By David Fischer and The Associated PressFebruary 2, 2026
imports
Economy
‘The Chinese have invaded us in terms of merchandise’: Mexico and Argentina lead Latin America’s struggles with flood of imports
By Chan Ho-Him, Isabel Debre, Nayara Batschke, Fabiola Sánchez and The Associated PressFebruary 2, 2026
phil
Law
America’s most famous groundhog sees his shadow, predicting 6 more weeks of winter weather
By Mark Scolforo, Tassanee Vejpongsa, Kathy McCormack and The Associated PressFebruary 2, 2026
Kennedy Center to close for 2 years for renovations after a wave of canceled shows due to Trump adding his name to the building
Politics
Kennedy Center to close for 2 years for renovations after a wave of canceled shows due to Trump adding his name to the building
By Michelle L. Price and The Associated PressFebruary 1, 2026
Trump’s plan to make housing affordable is faltering
Real Estate
Trump’s plan to make housing affordable is faltering
By Katy O'Donnell and BloombergFebruary 1, 2026
Partial government shutdown will extend into the week as House Speaker Johnson says it will be a few days before vote on funding
Politics
Partial government shutdown will extend into the week as House Speaker Johnson says it will be a few days before vote on funding
By Lisa Mascaro and The Associated PressFebruary 1, 2026
‘Melania’ documentary debuts with $7 million in ticket sales after Amazon MGM Studios spent $75 million for rights and marketing
Arts & Entertainment
‘Melania’ documentary debuts with $7 million in ticket sales after Amazon MGM Studios spent $75 million for rights and marketing
By Jack Coyle and The Associated PressFebruary 1, 2026
France’s Capgemini to sell unit that provides tech services to ICE as backlash against Trump’s immigration crackdown goes global
Politics
France’s Capgemini to sell unit that provides tech services to ICE as backlash against Trump’s immigration crackdown goes global
By The Associated PressFebruary 1, 2026
5-year-old Liam Conejo Ramos and father return to Minnesota from ICE facility in Texas after judge’s scathing order demanding release
Politics
5-year-old Liam Conejo Ramos and father return to Minnesota from ICE facility in Texas after judge’s scathing order demanding release
By Jack Dura and The Associated PressFebruary 1, 2026
Trump voter in key swing district is horrified by his immigration crackdown. ‘We’re not a Third World country. What the hell is going on?’
Politics
Trump voter in key swing district is horrified by his immigration crackdown. ‘We’re not a Third World country. What the hell is going on?’
By Nicholas Riccardi and The Associated PressFebruary 1, 2026
Democrat stuns Texas GOP in special election for a state senate district that Trump won by 17 points in 2024, adding to signs of a blue wave
Politics
Democrat stuns Texas GOP in special election for a state senate district that Trump won by 17 points in 2024, adding to signs of a blue wave
By John Hanna and The Associated PressFebruary 1, 2026
Trump says the U.S. is ‘starting to talk to Cuba’ as he moves to cut its oil supplies
Politics
Trump says the U.S. is ‘starting to talk to Cuba’ as he moves to cut its oil supplies
By Michelle L. Price, Will Weissert and The Associated PressFebruary 1, 2026
Trump’s fight with NATO over Greenland ‘crossed a line that cannot be uncrossed’ and weakens the alliance long term, expert says
Politics
Trump’s fight with NATO over Greenland ‘crossed a line that cannot be uncrossed’ and weakens the alliance long term, expert says
By Lorne Cook and The Associated PressFebruary 1, 2026
Trump limits DHS intervention during protests in Democratic cities, but ICE and Border Patrol will be ‘very forceful’ protecting federal property
Politics
Trump limits DHS intervention during protests in Democratic cities, but ICE and Border Patrol will be ‘very forceful’ protecting federal property
By Will Weissert and The Associated PressFebruary 1, 2026
How Trump helped Harvard: 5 ‘Crimson’ leadership lessons on standing up to bullies 
Commentary
How Trump helped Harvard: 5 ‘Crimson’ leadership lessons on standing up to bullies 
By Jeffrey Sonnenfeld, Steven Tian and Stephen HenriquesFebruary 1, 2026
Epstein files lead to resignation of top Slovakian official, while British prime minister calls on former prince to cooperate with U.S. authorities
Law
Epstein files lead to resignation of top Slovakian official, while British prime minister calls on former prince to cooperate with U.S. authorities
By Michael R. Sisak, Danica Kirka, Ben Finley and The Associated PressJanuary 31, 2026
BRICS could become a new pillar of global governance—if its rapid growth doesn’t erode its newfound clout
Economy
BRICS could become a new pillar of global governance—if its rapid growth doesn’t erode its newfound clout
By Brian WongJanuary 31, 2026
Judge orders 5-year-old boy and his dad released from ICE detention, citing ‘incompetently-implemented government pursuit of daily deportation quotas’
Law
Judge orders 5-year-old boy and his dad released from ICE detention, citing ‘incompetently-implemented government pursuit of daily deportation quotas’
By Geoff Mulvihill and The Associated PressJanuary 31, 2026
Fed chair nominee Kevin Warsh could crush Trump’s rate-cut hopes and risk suffering the same level of abuse that Powell got, analysts say
Economy
Fed chair nominee Kevin Warsh could crush Trump’s rate-cut hopes and risk suffering the same level of abuse that Powell got, analysts say
By Jason MaJanuary 31, 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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