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

1

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

2

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

3

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

Big Tech

Big Tech

Chevron employees examine a new GE Vernova gas turbine.

How Chevron became the AI darling of Big Oil

Chevron’s West Texas data center deal with Microsoft may jumpstart a new Big Ol and AI trend.

By Jordan BlumAugust 8, 2026

People look at a Google Earth map of Paris,France on a screen as Google Earth.

Google quietly discontinues its Earth AI feature a day after its rollout after users made no-no images

By Joshua HongAugust 7, 2026

A customer tries out a newly-released Samsung Galaxy Z Fold8 smartphone at a Samsung store.

Samsung pre-orders for latest foldables jump 30% from last year

By Bloomberg and Chris WelchAugust 7, 2026

zuck

Meta hit with half-billion fine, compared by judge to polluting factory. Its stock fell half a percent

By Barbara Ortutay, Wufei Yu and The Associated PressAugust 7, 2026

‘Going rogue’: Is it time to stop talking about faulty AI frontier models as if they are people?

‘Going rogue’: Is it time to stop talking about faulty AI frontier models as if they are people?

By Kamal AhmedAugust 7, 2026

Meta becomes third major AI lab after Anthropic and OpenAI to admit its agents have gone rogue—one day after Muse Code launch

By Mia OsmonbekovAugust 6, 2026

Latest stories from Fortune

With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners

With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners

By Jason MaAugust 8, 2026

Meet a 43-year-old woman who had a hysterectomy and thought she had cancer because of a hospital lab mixup

By Kim Chandler, Emilie Megnien and The Associated PressAugust 8, 2026

Personal Finance

20% of Americans are already using AI for financial advice — another 70% don’t trust it

By Adriana Morga and The Associated PressAugust 8, 2026

Trump’s lawyers in BBC lawsuit open the door to exposing all of his financial records — and scramble to close it

By Jocelyn Noveck and The Associated PressAugust 8, 2026

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

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

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

scalia

Waiting 26 years ‘for this shoe to drop’: Musk’s AI company joins the fight to strip citizens of their power to sue

By Michael Phillis and The Associated PressAugust 8, 2026

More Big TechPage 25 of 69

Sam Altman OpenAI CEO, standing with his arms folded.

ChatGPT’s market share is slipping as Google and rivals close the gap, app-tracker data shows

By Beatrice NolanFebruary 5, 2026

lewis

Michael Lewis reveals he’s got a deal to write a Sam Altman book—when ChatGPT is ready to write a rival draft

By Nick LichtenbergFebruary 5, 2026

Photo of OpenAI CEO of Applications Fidji Simo.

OpenAI announces Frontier, an AI agent platform for enterprises to power apps like Salesforce and Workday—but could it eventually replace them?

By Sharon GoldmanFebruary 5, 2026

broker

Options traders pile into tech hedges after software rout

By Bernard Goyder and BloombergFebruary 5, 2026

broker

Trillion-dollar tech wipeout ensnares all stocks in AI’s path

By Brody Ford, Carmen Reinicke and BloombergFebruary 5, 2026

A man in a suit wearing glasses.

Alphabet plans to double capex spending to a possible $185 billion—but it’s keeping CEO Sundar Pichai up at night

By Amanda GerutFebruary 4, 2026

Photo: IonQ CEO Niccolo de Masi

IonQ, the biggest quantum computing company on the stock market, disputes short-seller claims it failed to disclose holes in its revenue

By Jeremy Kahn and Jim EdwardsFebruary 4, 2026

Meta’s Hyperion AI data center will sprawl to four times the size of Manhattan’s Central Park

Meta’s Hyperion AI data center will sprawl to four times the size of Manhattan’s Central Park

By Sharon GoldmanFebruary 4, 2026

broker

The tech stock free fall doesn’t make any sense, BofA says in rebuke to investors while doubling down on the sector’s longevity

By Nick LichtenbergFebruary 4, 2026

super bowl

Arts & Entertainment

The ‘Kardashian Kurse’ and a Jurassic Park reunion are among the Super Bowl commercials planned for this year

By Mae Anderson and The Associated PressFebruary 4, 2026

damaro

Disney’s incoming CEO Josh D’Amaro is a 54-year-old who has been at the company nearly half his life

By Michelle Chapman and The Associated PressFebruary 4, 2026

How the Magnificent 7 destroyed index funds: There’s nowhere to hide

How the Magnificent 7 destroyed index funds: There’s nowhere to hide

By Marco Quiroz-GutierrezFebruary 4, 2026

Ken Griffin is apparently done with ‘sucking up’ to the White House

Ken Griffin is apparently done with ‘sucking up’ to the White House

By Eleanor PringleFebruary 4, 2026

Photo: A man chopping wood with an axe.

Tech stocks go into free fall as it dawns on traders that AI has the ability to cut revenues across the board

By Jim EdwardsFebruary 4, 2026

karp

Palantir CEO Alex Karp says Trump has a point about the AI race: ‘There’s a real hesitance to adopt these kind of products in the West’

By Nick LichtenbergFebruary 4, 2026

Amazon AWS CEO Matt Garman pushes back against Elon Musk’s space data centers plan

Amazon AWS CEO Matt Garman pushes back against Elon Musk’s space data centers plan

By Alexei OreskovicFebruary 3, 2026

broker

Oracle defused ‘the key risk going into 2026,’ BofA argues, but the market isn’t buying it

By Nick Lichtenberg and Eva RoytburgFebruary 3, 2026

d'amaro

Disney names parks chief Josh D’Amaro as next CEO

By Nick LichtenbergFebruary 3, 2026

Photo: Alex Karp

Palantir’s blockbuster earnings fired a starting gun on a global rally in stocks

By Jim EdwardsFebruary 3, 2026

AI is changing the CEO’s role—and could lead to a changing of the guard

AI is changing the CEO’s role—and could lead to a changing of the guard

By Phil WahbaFebruary 3, 2026

karp

‘We are an n of 1’: Palantir hails ‘incredible’ earnings as stock rockets nearly 8% after hours

By Nick LichtenbergFebruary 2, 2026

Man speaking with a blue background.

Elon Musk’s SpaceX buys xAI in stunning deal valued at $1.25 trillion ahead of looming IPO

By Amanda GerutFebruary 2, 2026

altman

Oracle said it was ‘highly confident in OpenAI’s ability to raise funds and meet its commitments.’ Cue the stock fall

By Eva RoytburgFebruary 2, 2026

Devon Energy CEO: $26 billion Coterra merger marries two “crown jewels” as merger mania returns to the oilfield

Devon Energy CEO: $26 billion Coterra merger marries two “crown jewels” as merger mania returns to the oilfield

By Jordan BlumFebruary 2, 2026

Nvidia CEO denies ‘nonsense’ report he’s unhappy with OpenAI: ‘I really love working with Sam’

Nvidia CEO denies ‘nonsense’ report he’s unhappy with OpenAI: ‘I really love working with Sam’

By Jason MaFebruary 2, 2026

Sam Altman is standing with his arms folded.

OpenAI launches Codex app to bring its coding models, which were used to build viral OpenClaw, to more users

By Beatrice NolanFebruary 2, 2026

huang

Pledge to invest $100 billion in OpenAI was ‘never a commitment,’ says Nvidia’s Huang

By Debby Wu, Nick Lichtenberg and BloombergFebruary 2, 2026

Photo of a trader on the floor of the New York Stock Exchange

‘We’re not in a bubble yet’ because only 3 out of 4 conditions are met, top economist says. Cue the OpenAI IPO

By Nick LichtenbergFebruary 1, 2026

Priscilla Chan and Mark Zuckerberg

The Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO’s philanthropy goes all in on mission to ‘cure or prevent all disease’

By Sydney LakeFebruary 1, 2026

Nvidia CEO signals investment in OpenAI round may be largest yet

Startups & Venture

Nvidia CEO signals investment in OpenAI round may be largest yet

By Debby Wu and BloombergJanuary 31, 2026

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Most Popular

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

placeholder alt text

By Eva RoytburgAugust 8, 2026

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

placeholder alt text

By Jason MaAugust 7, 2026

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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By Sydney LakeAugust 8, 2026

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