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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
More in Politics
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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Trump thinks a weaker dollar is great, but the U.S. needs a stable currency as national debt heads toward $40 trillion, former Fed president says
Economy
Trump thinks a weaker dollar is great, but the U.S. needs a stable currency as national debt heads toward $40 trillion, former Fed president says
By Jason MaJanuary 31, 2026
Old-school Las Vegas buffets with cheap eats are disappearing, replaced by ‘luxury’ options, trendy food halls, and celebrity chef restaurants
Travel & Leisure
Old-school Las Vegas buffets with cheap eats are disappearing, replaced by ‘luxury’ options, trendy food halls, and celebrity chef restaurants
By Jessica Hill and The Associated PressJanuary 31, 2026
Judge declines to halt Trump’s immigration crackdown in Minnesota, despite fatal shootings, as lawsuit proceeds
Law
Judge declines to halt Trump’s immigration crackdown in Minnesota, despite fatal shootings, as lawsuit proceeds
By The Associated PressJanuary 31, 2026
texas A&M
Politics
Conservative cancel culture clashes with college and social media at Texas A&M to bring curtain down on women’s and gender studies
By Juan A. Lozano and The Associated PressJanuary 31, 2026
phil
Law
‘But seriously, this is not a serious thing’: Groundhog Day made Punxsutawney famous but locals have perspective
By Mark Scolforo and The Associated PressJanuary 31, 2026
traders
Banking
Kevin Warsh’s Fed nod sends gold plunging and chops 31.4% off silver as dollar strengthens in Friday trading
By Stan Choe and The Associated PressJanuary 31, 2026
warsh
Banking
‘That’s exactly what a sock puppet does’: Elizabeth Warren accuses Kevin Warsh of softening his rate stance for Trump
By Christopher Rugaber and The Associated PressJanuary 31, 2026
Theranos founder Elizabeth Holmes and her husband Billy Evans.
Law
The mystery behind Elizabeth Holmes’ tweeting spree from prison
By Jessica MathewsJanuary 31, 2026
Minnesota CEOs’ ‘milquetoast’ response to ICE raises a core debate for leaders: Is speaking up worth it?
C-Suite
Minnesota CEOs’ ‘milquetoast’ response to ICE raises a core debate for leaders: Is speaking up worth it?
By Geoff ColvinJanuary 31, 2026
Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II regarding the spiraling $31 trillion national debt
Economy
Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II regarding the spiraling $31 trillion national debt
By Shawn TullyJanuary 31, 2026
Federal government heads for weekend shutdown after Trump makes rare deal with Senate Democrats over DHS funding
Politics
Federal government heads for weekend shutdown after Trump makes rare deal with Senate Democrats over DHS funding
By Mary Clare Jalonick, Lisa Mascaro and The Associated PressJanuary 30, 2026
Justice Department opens a federal civil rights probe into the killing of Alex Pretti, with FBI leading the investigation
Law
Justice Department opens a federal civil rights probe into the killing of Alex Pretti, with FBI leading the investigation
By Michael Biesecker, Rebecca Santana, Alanna Durkin Richer and The Associated PressJanuary 30, 2026
Latest Epstein files detail contact with Howard Lutnick, Steve Bannon and Goldman Sachs lawyer
Politics
Latest Epstein files detail contact with Howard Lutnick, Steve Bannon and Goldman Sachs lawyer
By Eric Tucker, Michael R. Sisak, Alanna Durkin Richer and The Associated PressJanuary 30, 2026
In this handout, the mug shot of Jeffrey Epstein, 2019.
Politics
Elon Musk and Jeffrey Epstein emailed each other for years trying to meet up, new Justice Department records show
By Eva Roytburg and Sasha RogelbergJanuary 30, 2026
United States President Donald Trump
Economy
Trump’s unlikely promise to ‘end inflation’ still saw families paying an extra $2,120 for goods and services in 2025
By Eleanor PringleJanuary 30, 2026
Donald Trump with a frown.
Politics
3 big hurdles undermine Trump’s plan to extract Greenland’s mineral wealth—and America’s fraying relationship with Europe is one of them
By Tristan BoveJanuary 30, 2026
ExxonMobil CEO Darren Woods, far right, listens as U.S. President Donald Trump,left, speaks during a meeting with oil company executives in the East Room of the White House on Jan. 9. President Trump is aiming to convince oil executives to support his plans in Venezuela, a country whose energy resources he says he expects to control for years to come. US forces seized Venezuelan president Nicolas Maduro in a sweeping military operation on January 3, with Trump making no secret that control of Venezuela's oil was at the heart of his actions.
Energy
Exxon and Chevron decline new spending in Venezuela while taking a wait-and-see approach for the years ahead
By Jordan BlumJanuary 30, 2026
Bitcoin’s freefall approaches $80,000 as precious metals also tank
Crypto
Bitcoin’s freefall approaches $80,000 as precious metals also tank
By Ben WeissJanuary 30, 2026
man speaks at conference
Crypto
The crypto industry used to store Bitcoin in Swiss vaults. Now one firm is using vaults to hold gold instead
By Carlos GarciaJanuary 30, 2026
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
US President Donald Trump meets with NATO's Secretary General Mark Rutte on the sidelines of Davos.
Asia
Trump’s Greenland play comes with Russia and China running circles around the US in the Arctic as expert sees ‘big game of catch-up’
By Tristan BoveJanuary 30, 2026
Kevin Warsh, governor of the U.S. Federal Reserve, smiles during the New York Association for Business Economists luncheon in New York, U.S., on Wednesday, Nov. 7, 2007.
Banking
Another ‘central casting’ central banker: Trump’s pick of Kevin Warsh fits a well-established pattern
By Eva RoytburgJanuary 30, 2026
Kevin Warsh went from selling racetrack pencils to Trump’s new Fed chair pick. His advice for Gen Z: Merit is the ultimate currency in the workplace
Success
Kevin Warsh went from selling racetrack pencils to Trump’s new Fed chair pick. His advice for Gen Z: Merit is the ultimate currency in the workplace
By Preston ForeJanuary 30, 2026
Kevin Warsh, governor of the U.S. Federal Reserve, speaks during an Institute of International Bankers' luncheon in New York, U.S., on Tuesday, June 16, 2009.
Banking
The new Fed chair’s billionaire father-in-law is a friend of Trump’s from college and has business interests in Greenland
By Eva RoytburgJanuary 30, 2026
trump
Politics
Trump expands trade war with Canada, threatening 50% aircraft tariff
By Michelle L. Price, Rob Gillies and The Associated PressJanuary 30, 2026
Trump
Law
Trump sues IRS and Treasury Department for $10 billion over tax leak showing he didn’t pay taxes for years
By Fatima Hussein and The Associated PressJanuary 30, 2026
trump
Politics
Trump moves to slap tariffs on any countries selling oil to Cuba, putting Mexico in a bind
By Michelle L. Price, Megan Janetsky and The Associated PressJanuary 30, 2026
warsh
Politics
Trump predicts Kevin Warsh will ‘go down as one of the GREAT Fed Chairmen, maybe the best,’ plus he’s ‘central casting’
By Christopher Rugaber and The Associated PressJanuary 30, 2026
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025.
Economy
Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time
By Eleanor PringleJanuary 30, 2026
christian sewing touches his glasses
Banking
German prosecutors’ raid on Deutsche Bank hurts the lender’s attempts to leave its long history of compliance failures in the past
By Lily Mae LazarusJanuary 30, 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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