Trump's diesel deal with Putin may not ease midterm pain
Diesel prices have reshaped financial markets and inflation forecasts, but experts say Trump's efforts to lower costs will barely move the needle with voters.
Fortune · 2m
Danger pay turns Gulf tanker crews into mercenaries
Iranian attacks on ships in the Strait of Hormuz have made hazard bonuses so lucrative that captains earn $100,000 a month plus $50,000 per trip.
Fortune · 2m
California's billionaire tax sparks wealth tax debate
Proposition 40 would tax billionaires' assets once, but opponents fear it opens the door to taxing all Californians.
Fortune · 1m
Saudi Arabia quietly exits China's dollar rival
The kingdom's departure from mBridge undermines Beijing's bid to challenge U.S. financial dominance.
Fortune · 1m
Dollar General CEO: $100k earners feel less wealthy amid inflation
Dollar General CEO says high-income shoppers now act like budget-conscious consumers due to rising costs.
Fortune · 1m
U.S. economy shifts to AI spending milestone
AI investment now outpaces housing spending in U.S. economy
Fortune · 1m
Iran's land routes strain economy as blockade deepens
Iran's trade routes face gridlock as land corridors struggle to replace naval blockades
Fortune · 1m
Trump backs AI growth, rejects industry slowdown calls
The president vows to form an AI Force and appoint a czar, dismissing safety concerns as hoaxes while the industry's leaders quietly agree to pump the brakes.
Fortune · 1m · 5 views
Treasury yields spike, forcing debt hawks to sound the alarm
The 10-year Treasury yield just hit 5%, blowing past forecasts and alarming economists who previously downplayed U.S. debt risks.
Fortune · 1m
Nobel economists back California's billionaire wealth tax
Six Nobel Prize winners say Prop 40 could spark a global movement to tax the ultra-wealthy.
Fortune · 1m
Warren Buffett steps down as Berkshire chair
The 96-year-old investing legend hands the chairman role to his son Howard after Greg Abel takes the CEO helm.
Fortune · 1m
Wall Street's late-stage bubble warning
Capital Economics sees one more good year for stocks, then a 21% drop as the AI trade runs out of cheap money.
Fortune · 1m
Social Security's third rail is losing its charge
With a 22% benefit cut looming by 2032, even Republicans are saying the word nobody says: taxes.
Fortune · 1m
Two AI insiders agree: the scary part is months away
Anthropic's CEO and a former researcher who quit both say AI could slip past human control within a year.
Fortune · 1m · 5 views
Why good borrowers can't get a mortgage
Post-crisis lending rules made mortgages safer and shut out millions of people who could actually pay.
Fortune · 1m
Oil dives as Iran and the Gulf finally talk
A rare Iran-Gulf meeting lifted hopes for Hormuz, just as the Houthis put Saudi Arabia's backup route under fire.
Fortune · 1m