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The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

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How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

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The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

1

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

2

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
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This 17-year-old grew up in ‘survival mode,’ then saw her college enrollment evaporate. ‘I’m definitely not really over that’

“I didn’t just lose my dream,” said Howard student Nikiyah Clark. “I lost my way out.”

By Matt Brown, Terry Tang, Corey Williams and The Associated PressAugust 8, 2026
Bill Ackman with a microphone in front of him
Bill Ackman’s $35 billion hedge fund has under 50 employees and all of them — from janitors to receptionists — own millions in company stock
By Preston ForeAugust 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040—and your kids will think it’s ‘mad stuff’ professionals once did
CEO of the world’s largest workspace provider says commuting will be extinct by 2040—and your kids will think it’s ‘mad stuff’ professionals once did
By Orianna Rosa RoyleAugust 8, 2026
job
The suit rule is dead. Researching your interviewer isn’t
By Cathy Bussewitz and The Associated PressAugust 7, 2026
Brian Moynihan, chief executive officer of Bank of America
Bank of America is splashing out $250 million a year on weight loss drugs for its staff: ‘We see a great impact on employees,’ CEO says
By Emma BurleighAugust 7, 2026
Man, wearing jeans shorts, works on a laptop and speaks on the phone in an office kitchen space.
Instagram boss Adam Mosseri says he’s ‘definitely pro’ wearing shorts into the office as Gen Z gets slammed for dressing inappropriately for work
By Preston ForeAugust 7, 2026
Latest stories from Fortune
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Politics
Southern Europe’s anti-immigrant attitude on display as Spain, Italy start checking each other’s passports
By The Associated PressAugust 8, 2026
el-sayed
Politics
Michigan Democrats try to convince voters they don’t hate each other after vicious, photo-finish primary
By Jacqueline Ganun and The Associated PressAugust 8, 2026
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North America
The U.S. archivist Trump fired last year got Obama, Bush and Clinton to write about giving up power
By Calvin Woodward and The Associated PressAugust 8, 2026
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Environment
Waiting 26 years ‘for this shoe to drop’: Musk’s AI company joins the fight to strip citizens of their power to sue
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Largest U.S. reservoir plummets to lowest level since it was filled some 90 years ago as water crisis deepens for western states
Environment
Largest U.S. reservoir plummets to lowest level since it was filled some 90 years ago as water crisis deepens for western states
By Ty O'Neil, Dorany Pineda and The Associated PressAugust 8, 2026
Appeals court blocks Trump’s White House ballroom for now, saying it’s up to Congress and ‘not a matter for Executive self-help’
Law
Appeals court blocks Trump’s White House ballroom for now, saying it’s up to Congress and ‘not a matter for Executive self-help’
By Darlene Superville, Michael Kunzelman and The Associated PressAugust 8, 2026
Samuel Alito defends his court decisions. ‘If that means a high correlation with what Trump wants, fine. If it means zero correlation…fine as well’
Law
Samuel Alito defends his court decisions. ‘If that means a high correlation with what Trump wants, fine. If it means zero correlation…fine as well’
By The Associated PressAugust 8, 2026
Trump was reelected off a big boost from bro-podcasters — there still aren’t rules about influencers getting campaign cash
Politics
Trump was reelected off a big boost from bro-podcasters — there still aren’t rules about influencers getting campaign cash
By Sophie Austin and The Associated PressAugust 8, 2026
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Middle East
The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept itplaceholder alt text
By Jason MaAugust 7, 2026
Economy
How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfallplaceholder alt text
By Eva RoytburgAugust 8, 2026
Real Estate
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winnerplaceholder alt text
By Sydney LakeAugust 8, 2026
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