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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 37 of 69

Traders on wall street

Nvidia drags Wall Street toward its worst day in a month as AI superstars keep weakening

By Stan Choe and The Associated PressNovember 13, 2025

Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.

The ‘Big Short’ investor betting $1 billion against the AI bubble says Meta and Oracle’s accounting is hiding the brutal truth

By Eva RoytburgNovember 13, 2025

Palantir CEO Alex Karp

Palantir CEO Alex Karp says this type of prestigious college grad is doomed. People with expert knowledge will ‘make a lot more money’

By Emma BurleighNovember 13, 2025

Vladimir Putin hides his face

Russia’s first AI-powered robot walked on stage to triumphant music, took a few steps, and then immediately faceplanted

By Dave SmithNovember 13, 2025

New Cash App features let users send and receive stablecoins, pay merchants in Bitcoin

By Ben WeissNovember 13, 2025

Photo: Lisbon , Portugal - 12 November 2025; Matthew Prince, Co-founder & CEO, Cloudflare on Centre Stage during day two of Web Summit 2025 at the MEO Arena in Lisbon, Portugal. (Photo By Ramsey Cardy/Sportsfile for Web Summit via Getty Images)

Cloudflare CEO says Google is abusing its monopoly in search to feed its AI

By Jim EdwardsNovember 13, 2025

Fortune Boring Co. investigation: Nevada OSHA’s responses

Fortune Boring Co. investigation: Nevada OSHA’s responses

By Fortune EditorsNovember 12, 2025

Two firefighters suffered chemical burns in a Boring Co. tunnel. Then the Nevada Governor’s office got involved, and the penalties disappeared

Two firefighters suffered chemical burns in a Boring Co. tunnel. Then the Nevada Governor’s office got involved, and the penalties disappeared

By Jessica Mathews and Leo SchwartzNovember 12, 2025

CEO Dario Amodei's Anthropic announced a new $50 billion investment on Wednesday as AI companies build out data center infrastructure.

Anthropic says new $50B investment in data centers will create about 800 permanent jobs and 2,400 construction jobs

By Matt O'Brien and The Associated PressNovember 12, 2025

The S&P 500 rose 0.2% early Wednesday and neared the all-time high it set a couple weeks ago.

Investors are still whistling past the graveyard amid Nvidia selloffs and a dragging government shutdown

By The Associated PressNovember 12, 2025

Sam Altman looking glum

OpenAI says it plans to report stunning annual losses through 2028—and then turn wildly profitable just two years later

By Dave SmithNovember 12, 2025

Seven men stand and sit in a modern-looking office

Exclusive: Crypto startup Seismic raises $10 million to help fintechs protect customer data

By Carlos GarciaNovember 12, 2025

Sea shares dip by over 8% as profit comes in below analyst expectations

Sea shares dip by over 8% as profit comes in below analyst expectations

By Angelica AngNovember 12, 2025

Jensen Huang, Nvidia CEO.

Is China about to win the AI race?

By Beatrice NolanNovember 11, 2025

Exclusive: Coinbase and stablecoin startup BVNK call off $2 billion acquisition

Exclusive: Coinbase and stablecoin startup BVNK call off $2 billion acquisition

By Ben WeissNovember 11, 2025

Wall Street NYSE

Sinking Nvidia keeps Wall Street’s gains in check

By Stan Choe and The Associated PressNovember 11, 2025

Two men in suits smile in front of a painting

Shares of Winklevoss’s Gemini sag as crypto firm losses grow

By Carlos GarciaNovember 11, 2025

Yann LeCun looking fine in a bow tie

The rise of Yann LeCun, the 65-year-old NYU professor who is planning to leave Mark Zuckerberg’s highly paid team at Meta to launch his own AI startup

By Dave SmithNovember 11, 2025

Masayoshi Son and Sam Altman shake hands and smile for the cameras on stage

Softbank dumps its entire Nvidia portfolio worth $5.8 billion as its CEO goes all-in on OpenAI to the tune of $30 billion

By Dave SmithNovember 11, 2025

Exclusive: DeFi founder who graduated Harvard at 18 raises $68 million for crypto trading protocol Lighter

By Ben WeissNovember 11, 2025

Beside founding team.

Exclusive: Beside, an AI voice startup, raises $32 million to build an AI receptionist for small businesses

By Beatrice NolanNovember 11, 2025

Microsoft President Brad Smith speaking on stage at Web Summit in Lisbon.

Exclusive: AI won’t become a bubble as long as everyone stays ‘thoughtful and disciplined,’ Microsoft’s Brad Smith says

By Jim EdwardsNovember 11, 2025

Man gesturing with a suit coat and blue shirt and blue background

CoreWeave’s earnings report highlights $56 billion in contracted revenue, but its guidance and share price tick down amid AI infrastructure bubble fears

By Amanda GerutNovember 10, 2025

Warren Buffett speaks in front of a microphone. He is in front of a bright teal background.

‘Envy and greed walk hand in hand’: Warren Buffett casts side eye on Elon Musk-sized pay packages in final send-off

By Sasha RogelbergNovember 10, 2025

Wall Street

AI stocks lead Wall Street rebound as Nvidia, Palantir surge and S&P 500 claws back last week’s losses

By Stan Choe and The Associated PressNovember 10, 2025

Warren Buffett is ‘going quiet’ after he steps down as Berkshire Hathaway CEO this year. Read his farewell letter to shareholders

Warren Buffett is ‘going quiet’ after he steps down as Berkshire Hathaway CEO this year. Read his farewell letter to shareholders

By Sydney LakeNovember 10, 2025

Dustin Moskovitz and Cari Tuna

Meet the millennial Meta cofounder and ex-journalist wife giving away their $20 billion fortune

By Jessica CoacciNovember 10, 2025

Bill Gates attend a meeting of Bloomberg at the Plaza Hotel on September 23, 2025 in New York City.

Bill Gates believes Alzheimer’s blood tests should be part of routine medicals—such prevention means you could work into your 90s if you wanted to

By Eleanor PringleNovember 10, 2025

Brian Chesky says Airbnb’s successful IPO was ‘one of the saddest periods’ of his life—then Barack Obama gave him one piece of advice

Brian Chesky says Airbnb’s successful IPO was ‘one of the saddest periods’ of his life—then Barack Obama gave him one piece of advice

By Orianna Rosa RoyleNovember 10, 2025

Nvidia

Data centers in Nvidia’s hometown stand empty awaiting power

By John Gittelsohn, Michelle Ma and BloombergNovember 10, 2025

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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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