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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 26 of 69

Netflix

Netflix may be turning into an ‘entertainment giant,’ but its stock looks like ‘dead money’ to investors

By Nick LichtenbergJanuary 31, 2026

In this handout, the mug shot of Jeffrey Epstein, 2019.

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

After a decade of silence, Elon Musk’s tunneling startup, and its reclusive president, are hitting the media circuit

After a decade of silence, Elon Musk’s tunneling startup, and its reclusive president, are hitting the media circuit

By Jessica MathewsJanuary 30, 2026

Gamestop

Five years after the short squeeze, GameStop’s CEO is betting on a ‘genius or totally foolish’ $100 billion-plus acquisition

By Jake AngeloJanuary 30, 2026

Apple’s blowout Q1 results are a reminder of what makes the company so impressive—and why it’s floundering in AI

Apple’s blowout Q1 results are a reminder of what makes the company so impressive—and why it’s floundering in AI

By Alexei OreskovicJanuary 29, 2026

Claude 4 illustration

Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs

By Beatrice NolanJanuary 29, 2026

Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025.

Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained

By Eva RoytburgJanuary 29, 2026

The $600 billion wave of AI ‘capex’ growth boosting stocks is about to slow down, analysts warn

The $600 billion wave of AI ‘capex’ growth boosting stocks is about to slow down, analysts warn

By Jim EdwardsJanuary 29, 2026

Amazon is closing its futuristic Go and Fresh stores—showing logistics and tech aren’t enough to make old-school retail work

Amazon is closing its futuristic Go and Fresh stores—showing logistics and tech aren’t enough to make old-school retail work

By Phil WahbaJanuary 29, 2026

Tesla reveals $2 billion investment in Elon Musk’s xAI and officially kills the Model S and Model X

Tesla reveals $2 billion investment in Elon Musk’s xAI and officially kills the Model S and Model X

By Jessica MathewsJanuary 28, 2026

Bald man with glasses and black shirt.

Microsoft demand backlog doubles to $625 billion thanks to OpenAI, but hefty spending and slower revenue growth spook investors

By Amanda GerutJanuary 28, 2026

Mark Zuckerberg, chief executive officer of Meta Platforms Inc

Meta beats on Q4 revenue as Mark Zuckerberg predicts a ‘major AI acceleration’ in 2026—with up to $135 billion in capex spending to match

By Sharon GoldmanJanuary 28, 2026

Jeff Bezos capped his Amazon salary at $80,000: ‘How could I possibly need more incentive?’

Jeff Bezos capped his Amazon salary at $80,000: ‘How could I possibly need more incentive?’

By Sydney LakeJanuary 28, 2026

Ashley St Clair in front of a yellow sign

Why Ashley St. Clair, MAGA influencer and Elon Musk’s ex, is taking on his AI empire

By Beatrice NolanJanuary 28, 2026

Photo of Elon Musk

New filings exposing Elon Musk’s financials for X in the U.K. show revenue plummeted 58% in 2024

By Lily Mae LazarusJanuary 27, 2026

People walk outside of a WeWork office building in London.

Amazon and JPMorgan led the Fortune 500 in returning to the office 5 days a week. Now they’re leading a coworking comeback

By Jacqueline MunisJanuary 27, 2026

Anthropic CEO Dario Amodei

Anthropic CEO Dario Amodei’s 20,000-word essay on how AI ‘will test’ humanity is a must-read—but more for his remedies than his warnings

By Jeremy KahnJanuary 27, 2026

Why China’s ByteDance could be a big winner in its TikTok deal with Trump

Why China’s ByteDance could be a big winner in its TikTok deal with Trump

By Nicholas GordonJanuary 27, 2026

phones

Instagram, TikTok, YouTube finally face day in court over whether they peddle addictive products to kids

By Barbara Ortutay and The Associated PressJanuary 27, 2026

Inside a multibillion dollar AI data center powering the future of the American economy

Inside a multibillion dollar AI data center powering the future of the American economy

By Sharon Goldman and Nicolas RappJanuary 27, 2026

Graphic reads: Fortune Titans and Disruptors of Industry with Albert Bourla, CEO of Pfizer, Hosted by Alyson Shontell (both pictured).

Pfizer CEO on how he struck a deal with President Trump in 10 days to lower American drug costs

By Fortune EditorsJanuary 27, 2026

markets

S&P 500 wins back all losses from Greenland dip, gold and silver surge even higher

By Stan Choe and The Associated PressJanuary 26, 2026

Palantir CEO Alex Karp during an interview at the 2026 World Economic Forum in Davos, Switzerland.

Palantir/ICE connections draw fire as questions raised about tool tracking Medicaid data to find people to arrest

By Tristan BoveJanuary 26, 2026

Silicon Valley talent keeps getting recycled, so this CEO uses a ‘moneyball’ approach for uncovering hidden AI geniuses in the new era

Silicon Valley talent keeps getting recycled, so this CEO uses a ‘moneyball’ approach for uncovering hidden AI geniuses in the new era

By Sydney LakeJanuary 25, 2026

Donald Trump, The Sunday Telegraph, July 27, 2008

Fortune Archives: The business of being Trump

By Indrani SenJanuary 25, 2026

Meta CEO Mark Zuckerberg in Menlo Park, California on Sept. 17, 2025. (Photo: David Paul Morris/Bloomberg/Getty Images)

Why Meta is positioning itself as an AI infrastructure giant—and doubling down on a costly new path

By Sharon GoldmanJanuary 24, 2026

Meet TikTok’s new U.S. CEO: Adam Presser, a Harvard business and law double grad

Meet TikTok’s new U.S. CEO: Adam Presser, a Harvard business and law double grad

By Marco Quiroz-GutierrezJanuary 24, 2026

Elon Musk, wearing all black and in front of a blue background, presses his hands together.

Elon Musk makes the case for why his $2.2 trillion tech empire is the only way to save humanity as the only intelligent life in the universe

By Sasha RogelbergJanuary 22, 2026

Fired worker leaving office

Despite promises that AI will create more jobs, 1.2 million jobs were actually slashed last year—a grim throwback to losses from the 2008 financial crisis

By Emma BurleighJanuary 22, 2026

Donald Trump, CEO-in-Chief: How the president’s dealmaking instincts are shaking up business and the government

Donald Trump, CEO-in-Chief: How the president’s dealmaking instincts are shaking up business and the government

By Geoff ColvinJanuary 22, 2026

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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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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

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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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