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DOJ is turning to an ancient body of law to capture Iranian oil tankers. It’s been so long since the U.S. used it, 'we’d have to conduct a séance'

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An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

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DeSantis administration diverted $10 million meant to help poor children, Florida grand jury finds

1

DOJ is turning to an ancient body of law to capture Iranian oil tankers. It’s been so long since the U.S. used it, 'we’d have to conduct a séance'

2

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

3

DeSantis administration diverted $10 million meant to help poor children, Florida grand jury finds
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Trump backlash adds new risks to the stocks the government owns
Trump backlash adds new risks to the stocks the government owns

Market strategists see rising risks of the administration’s equity positions facing scrutiny in Washington and the courts.

By Norah Rami, Matthew Griffin and BloombergAugust 29, 2026
Forget GLP-1 stocks, baldness drugs are Wall Street’s next goldmine
Forget GLP-1 stocks, baldness drugs are Wall Street’s next goldmine
By Avalon Pernell, Lisa Pham and BloombergAugust 29, 2026
Tech billionaires and executives like Evan Spiegel and Peter Thiel are publicly shielding their children from the products that made them rich
Tech billionaires and executives like Evan Spiegel and Peter Thiel are publicly shielding their children from the products that made them rich
By Marco Quiroz-GutierrezAugust 29, 2026
mz
Meta’s $17 billion teen safety settlement is really a 1% tax — and a play to box in TikTok and YouTube
By Carolina Rossini and The ConversationAugust 28, 2026
A man with a headset sits at a desk in a call center.
The AI boom hasn’t stopped U.S. companies from hiring cheap offshore labor, and overseas call center employment is still skyrocketing
By Sasha RogelbergAugust 29, 2026
altman
ChatGPT said you’d lose your jobs right now — it’s more like 3% of workers
By Jeffrey C. Dixon and The ConversationAugust 29, 2026
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Big Tech
More in Big Tech
Three people stand next to each other and pose for a picture. Herbert Wertheim, wearing a red tie and fedora, stands on the left.
An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

By Sasha RogelbergAugust 28, 2026
‘I’m in favor of taxes,’ says Nvidia’s Jensen Huang—but he doesn’t agree with Bill Gates on his plan to slow an AI fallout

“I love the heck out of Bill … but I don’t see what he sees,” Huang said.

By Eleanor PringleAugust 28, 2026
‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits

Seven in 10 Americans oppose an AI data center near them, even as OpenAI adds multi-gigawatt projects across the U.S

By Mia OsmonbekovAugust 27, 2026
Why ‘equal weight’ S&P 500 funds are having a moment—and are up almost 16% this year alone

RSP has topped $100 billion in assets as it outpaces a cap-weighted S&P 500 that’s exposed when Big Tech stumbles.

By Sheryl EstradaAugust 28, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
Woman in a blazer
Deloitte sees a $566 billion lunar economy by 2050

But a market that doesn’t exist yet could yield an even larger payoff.

By Amanda GerutAugust 28, 2026
Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia

The Stripe-owned company sees potential in Asia, where trade-heavy economies need faster cross-border payment rails.

By Angelica AngAugust 28, 2026
Nvidia CFO says about half of its data center business comes from customers beyond hyperscalers

Other customer segments are growing faster than the cloud giants that once dominated Nvidia’s sales.

By Sheryl EstradaAugust 27, 2026
A consultant who once railed against ‘the billionaire boys club’ is now leading opposition to California’s wealth tax

Ned Wigglesworth once blasted big donors for buying influence. Today, he’s helping lead a nine-figure campaign against Prop. 40

By Mia OsmonbekovAugust 27, 2026
More in Startups & Venture
AI
More in AI
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Judge: Pentagon punished Anthropic for ‘arrogance,’ and that’s illegal

Anthropic has also filed a separate and narrower case that is still pending in the federal appeals court in Washington, D.C. 

By Kaitlyn Huamani and The Associated PressAugust 28, 2026
Anthropic makes first move into physical AI with new way for scientists, manufacturers to bring equipment to life

The Model Hardware Standard (MHS) works with any AI model, not just Claude, but for now only a handful of companies can access the research preview.

By Emily ForliniAugust 27, 2026
The AI Odyssey: How a primal fear from the Ancient Greek world has been awakened by new technology

Long before chatbots, the Greeks built an entire philosophy around the anxiety that rules 2026. We are all Odysseus, sailing through the the sirens’ call.

By Nick LichtenbergAugust 27, 2026
OpenAI bans pro-Russia ChatGPT accounts used to spread pro-Kremlin content including an Israel-based think tank using real researchers’ names

OpenAI claims Russian users hid behind VPNs to push a think tank tied to an influence operation and spread pro-Russia content online.

By Marco Quiroz-GutierrezAugust 27, 2026
More in AI
Innovation
More in Innovation
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’

Defense spending is resurrecting an engineering and manufacturing base many believed had gone forever, with the U.K., France and Germany home to world-leading defense companies.

By Kamal AhmedAugust 27, 2026
David Tisch has always been a collector. His firm’s biggest prize is a $1 billion return on Cursor

How BoxGroup and David Tisch hit it big with a once-unlikely bet.

By Allie GarfinkleAugust 27, 2026
Goldman Sachs Global Institute co-head: remaking our world for machine intelligence

The irony is that a world redesigned for machines may eventually allow us to recover something more purely human as we are relieved of utilitarian burden.

By George C. Lee IIAugust 26, 2026
SpaceX says it’s building its largest spaceport yet, committing $100 billion for a Louisiana site—adding to its list of billion-dollar expansion plans

Louisiana is getting a taste of Musk’s big ideas as they get a part of the CEO’s billions-of-dollar-plans to bring humanity to space.

By Joshua HongAugust 27, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Flock is going from the center of the surveillance debate to bipartisan target in record time
Flock is going from the center of the surveillance debate to bipartisan target in record time

Two Arizona cities cut ties with the license-plate reader camera company hours apart, as Senators Sanders and Hawley took aim from Washington.

By Catherina GioinoAugust 28, 2026
Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money

As tap-to-pay makes street donations effortless, fraudsters are quietly inflating charges.

By Sydney LakeAugust 28, 2026
‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement

Arturo Béjar, a former Meta engineering director, said the settlement is a “significant milestone,” but “it allows Meta to define harm.”

By Barbara Ortutay, Wyatte Grantham-Philips and The Associated PressAugust 27, 2026
Grayscale CEO: Crypto winter has thawed—but market watchers are still missing the point

The CEO of Grayscale explains why the market volatility of the last 18 months barely matters in light of a broader sea change underway in finance.

By Peter MintzbergAugust 27, 2026
More in Cybersecurity
Latest stories from Fortune
Wall Street used to worry that too much U.S. debt would crowd out the private sector. But AI hyperscalers are ‘reverse crowding’ the Treasury
Economy
Wall Street used to worry that too much U.S. debt would crowd out the private sector. But AI hyperscalers are ‘reverse crowding’ the Treasury
By Jason MaAugust 29, 2026
The U.S. doesn’t have a state-owned oil giant. But in Venezuela, the federal government will control a company with the world’s 2nd largest reserves
Energy
The U.S. doesn’t have a state-owned oil giant. But in Venezuela, the federal government will control a company with the world’s 2nd largest reserves
By Jason MaAugust 29, 2026
c
Retail
Casey’s quietly became America’s fifth-largest pizza chain. Meet the Fortune 500 gas station Gen Z can’t stop posting about
By Nick LichtenbergAugust 29, 2026
ICE explores purchasing robot dogs in enforcement tech push
Politics
ICE explores purchasing robot dogs in enforcement tech push
By Alicia A. Caldwell and BloombergAugust 29, 2026
Russia is teaching its children to fight the wars of the future
Politics
Russia is teaching its children to fight the wars of the future
By BloombergAugust 29, 2026
For his latest tariffs, Trump used a statute so obscure many lawyers didn’t even know it still existed. ‘This law is literally a blank canvas’
Politics
For his latest tariffs, Trump used a statute so obscure many lawyers didn’t even know it still existed. ‘This law is literally a blank canvas’
By Paul Wiseman and The Associated PressAugust 29, 2026
‘What is that saying about the applicant pool?’ The FBI will no longer treat experience with prostitution as an automatic bar against hiring
Politics
‘What is that saying about the applicant pool?’ The FBI will no longer treat experience with prostitution as an automatic bar against hiring
By Eric Tucker and The Associated PressAugust 29, 2026
After 6 months of war, hardliners consolidate power in Iran, but there are ‘serious differences over the future path of the country’
Politics
After 6 months of war, hardliners consolidate power in Iran, but there are ‘serious differences over the future path of the country’
By Lee Keath, David Rising and The Associated PressAugust 29, 2026
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Politics
Anthropic and OpenAI waged a $27 million proxy war in a Manhattan congressional race. The winner told them both to get lost
By Sasha RogelbergJune 26, 2026
  • What bubble? JPMorgan says the $5.5 trillion AI capex explosion is profitable–for now
    AI
    What bubble? JPMorgan says the $5.5 trillion AI capex explosion is profitable–for now
    By Sheryl EstradaJune 25, 2026
fire
Europe
Greece tackles climate change wildfire risk with satellite network that can spot a blaze the size of a parking space
By Derek Gatopoulos and The Associated PressJune 26, 2026
AI boom may be on its last legs amid stock volatility and dash for cash—but will go out in a blaze of glory with ‘blow-off phase’ before bubble pops
AI
AI boom may be on its last legs amid stock volatility and dash for cash—but will go out in a blaze of glory with ‘blow-off phase’ before bubble pops
By Jason MaJune 26, 2026
m
Law
‘Careless People’ author claims Meta surveilled her for a year to enforce her silence
By Barbara Ortutay and The Associated PressJune 26, 2026
apple
Big Tech
Apple blames inflationary effect of AI for price hikes: ‘We have never seen a component price increase this much’
By Barbara Ortutay and The Associated PressJune 26, 2026
John Collison, president and co-founder of Stripe
Success
Stripe cofounder says Gen Z will need two college majors to compete thanks to AI—and investing legend Charlie Munger called it first
By Emma BurleighJune 26, 2026
  • Jen Wong, chief operating officer at Reddit, speaks during the OMR digital and marketing trade fair
    Big Tech
    Reddit COO targets 1 billion users as internet’s ‘odd duck’ aims for new heights
    By Sam BirchallJune 25, 2026
young woman looking frustrated while working on her laptop at home
Success
Gen Z’s hiring hell is real: 1 in 3 employers admit they’re replacing entry-level roles with AI—and tech and manufacturing jobs are most at risk
By Preston ForeJune 26, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week, June 19-26, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power this week, June 19-26, 2026
By Fortune EditorsJune 26, 2026
jon
Commentary
Shell Foundation CEO: climate tech works. Getting it to a billion people who need it is the hard part
By Jonathan BermanJune 26, 2026
Mature businessman leading project meeting in office conference room
AI
CFOs are bullish on their own companies—even as they turn bearish on the economy
By Sheryl EstradaJune 26, 2026
Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
Newsletters
Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
By Ben WeissJune 26, 2026
  • Man in a suit and tie
    Investing
    Bill Ackman, David Tepper, and other billionaire fund managers are quietly piling into Amazon
    By Amanda GerutJune 25, 2026
MacBook Neo laptop computers during an Apple event in New York on Wednesday, March 4, 2026. (Photo: Adam Gray/Bloomberg/Getty Images)
Newsletters
Apple loses its iron grip on pricing power
By Andrew NuscaJune 26, 2026
AI is overwhelming our senses—Edward Enninful has an answer for that 
Magazine
AI is overwhelming our senses—Edward Enninful has an answer for that 
By Kamal AhmedJune 26, 2026
kid
Success
Kids want to be influencers when they grow up, because they ‘gets lots of money’ and ‘they want to be famous’
By Matthew Simoneau and The ConversationJune 26, 2026
cuban
AI
Everyone agrees that you hate AI, but only Mark Cuban sees why Silicon Valley is powerless to fix it
By Nick LichtenbergJune 26, 2026
Meet Micron, the under-the-radar chipmaker that just reported a 346% sales surge and helped stop a global AI selloff
AI
Meet Micron, the under-the-radar chipmaker that just reported a 346% sales surge and helped stop a global AI selloff
By Marco Quiroz-GutierrezJune 26, 2026
gas
Law
Gas station owners have found a use case for AI, lawsuit says: colluding to fix prices
By R.J. Rico and The Associated PressJune 25, 2026
g
AI
One of the Democratic Party’s brightest stars is co-founding a group to help with the coming AI jobs earthquake
By Josh Boak and The Associated PressJune 25, 2026
apes
Health
Scientists tickled monkeys to find if they have the same giggles as humans — and they do
By Adithi Ramakrishnan and The Associated PressJune 25, 2026
GTA 6 release date is finally here—but the $80 price tag and missing disc have gamers furious
Arts & Entertainment
GTA 6 release date is finally here—but the $80 price tag and missing disc have gamers furious
By Whizy Kim and Tech BrewJune 25, 2026
stock
Investing
How one chip stock reversed the global tech selloff, exposed AI’s ‘memory tax’ and made the case for an entire valuation regime change
By Nick LichtenbergJune 25, 2026
Larry Ellison quietly gave $45 million to a pro-Trump group—then Oracle landed a starring role in a $500 billion AI buildout
Politics
Larry Ellison quietly gave $45 million to a pro-Trump group—then Oracle landed a starring role in a $500 billion AI buildout
By Sydney LakeJune 25, 2026
Sundar Pichai
Success
Google CEO tells graduates to stop obsessing over first jobs because ‘very few moments are make or break’ in life—a lesson he learned in Vegas
By Preston ForeJune 25, 2026
Softbank CEO dismisses Elon Musk’s extraterrestrial data center idea in favor of maximizing Earth-side construction now: ‘He who strikes first wins’
AI
Softbank CEO dismisses Elon Musk’s extraterrestrial data center idea in favor of maximizing Earth-side construction now: ‘He who strikes first wins’
By Marco Quiroz-GutierrezJune 25, 2026
VivaTech entrance in Paris.
Newsletters
Europe’s AI wake-up call: Cybersecurity threats, sovereignty fears, and a growing demand for ROI dominated VivaTech
By Beatrice NolanJune 25, 2026
Digital transformation technology strategy, IoT, internet of things. Businessman using smart phone with AI and Digital Icons design.
AI
Top CFOs warn AI success depends on training employees, not just buying technology
By Sheryl EstradaJune 25, 2026
Samin Menon (left) Neil Movva (right)
Startups & Venture
Exclusive: A former Apple engineer thinks AI infrastructure is built for the wrong future. Investors just gave him $80 million to fix it
By Lily Mae LazarusJune 25, 2026
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
Newsletters
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
By Allie GarfinkleJune 25, 2026
Micron drives global tech stock rally as traders abandon their fear of an AI bubble
Investing
Micron drives global tech stock rally as traders abandon their fear of an AI bubble
By Jim EdwardsJune 25, 2026
OpenAI CEO Sam Altman (left) and Broadcom CEO Hock Tan holding their new AI chip, “Jalapeño.” (Photo courtesy OpenAI)
Newsletters
OpenAI and Broadcom’s AI chip has a name: Jalapeño
By Andrew NuscaJune 25, 2026
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North America
DOJ is turning to an ancient body of law to capture Iranian oil tankers. It’s been so long since the U.S. used it, 'we’d have to conduct a séance'placeholder alt text
By Sasha RogelbergAugust 28, 2026
Personal Finance
An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxesplaceholder alt text
By Sasha RogelbergAugust 28, 2026
Politics
DeSantis administration diverted $10 million meant to help poor children, Florida grand jury findsplaceholder alt text
By Jim Vertuno and The Associated PressAugust 28, 2026
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