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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 39 of 69

Traders work on the floor of the New York Stock Exchange (NYSE) in New York on October 30, 2025.

Wall Street sinks under the weight of its own expectations as Big Tech’s AI high fades and Fed doubts creep in

By The Associated PressNovember 4, 2025

Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading

Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading

By Jessica MathewsNovember 3, 2025

OpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services

OpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services

By The Associated PressNovember 3, 2025

Microsoft to send Nvidia’s top AI chips to the UAE despite Trump saying they wouldn’t be exported outside the U.S.

Microsoft to send Nvidia’s top AI chips to the UAE despite Trump saying they wouldn’t be exported outside the U.S.

By The Associated PressNovember 3, 2025

Amazon is experimenting at Whole Foods by selling mainstream brands like Pepsi, Kraft, and Chips Ahoy—and some will be hand-delivered by robots

Amazon is experimenting at Whole Foods by selling mainstream brands like Pepsi, Kraft, and Chips Ahoy—and some will be hand-delivered by robots

By Brendan Cosgrove and Morning BrewNovember 3, 2025

An aerial view of one of Microsoft's data centers on a sunny day

This ETF is handily beating the S&P 500—and analysts say it could be one of the big winners of the AI boom

By Dave SmithNovember 3, 2025

Startups & Venture

Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe

By Leo SchwartzNovember 3, 2025

Thanks to a donation from a Silicon Valley billionaire, the nation’s largest police fleet of Tesla Cybertrucks is about to hit the streets of Vegas

Thanks to a donation from a Silicon Valley billionaire, the nation’s largest police fleet of Tesla Cybertrucks is about to hit the streets of Vegas

By Jessica Hill and The Associated PressNovember 2, 2025

Andy Jassy sits and holds up his fingers as if to describe how small something is

Amazon says its AI shopping assistant Rufus is so effective it’s on pace to pull in an extra $10 billion in sales

By Dave SmithNovember 2, 2025

‘Godfather of AI’ says tech giants can’t profit from their astronomical investments unless human labor is replaced

‘Godfather of AI’ says tech giants can’t profit from their astronomical investments unless human labor is replaced

By Jason MaNovember 1, 2025

Nvidia chief still hopes to sell Blackwell chips to China

Nvidia chief still hopes to sell Blackwell chips to China

By MacKenzie Hawkins, Josh Xiao and BloombergNovember 1, 2025

Buffett’s Berkshire Hathaway cash pile soars to $382 billion

Buffett’s Berkshire Hathaway cash pile soars to $382 billion

By Alexandre Rajbhandari and BloombergNovember 1, 2025

More than half of Gen Z says they only use cash as ‘a last resort’ and doing so is ‘cringe,’ survey shows

More than half of Gen Z says they only use cash as ‘a last resort’ and doing so is ‘cringe,’ survey shows

By Sydney LakeNovember 1, 2025

CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’

CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’

By Marco Quiroz-GutierrezNovember 1, 2025

Amazon.com President and CEO Andy Jassy leaves the Sun Valley Lodge at the Allen & Company Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho.

Amazon laid off over 14,000 people this week—but Wall Street is loving it anyway

By Stan Choe and The Associated PressOctober 31, 2025

Meta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment

Meta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment

By Sharon GoldmanOctober 31, 2025

Sam Altman with a colorful window behind him

Since ChatGPT launched, job openings are down 30% while the stock market is up 70%. One economist says the true culprit isn’t AI, but monetary policy

By Dave SmithOctober 31, 2025

Ana Paula Assis, senior vice president EMEA and growth markets, speaking on stage at Fortune Global Forum in Riyadh, Saudi Arabia.

AI bubble talk grips the market. The C-suite? Not so much.

By Jeremy KahnOctober 30, 2025

Airbnb CEO Brian Chesky

Airbnb CEO Brian Chesky says employers need to hire Gen Z even if ‘AI can do the interns’ work’—or one day, the bots will outnumber bosses

By Emma BurleighOctober 30, 2025

Reddit founder Alexis Ohanian kept receipts from trolls who mocked his bet on women’s sports: ‘Every time we hit another revenue milestone, I tag them and thank them for the motivation’

Reddit founder Alexis Ohanian kept receipts from trolls who mocked his bet on women’s sports: ‘Every time we hit another revenue milestone, I tag them and thank them for the motivation’

By Orianna Rosa RoyleOctober 30, 2025

Martin Sorrell says AI has already ‘missed the Oppenheimer moment’

Martin Sorrell says AI has already ‘missed the Oppenheimer moment’

By Allie GarfinkleOctober 30, 2025

Anjney Midha, a general partner at Andreessen Horowitz speaking on stage.

The next ‘golden age’ of AI investment

By Beatrice NolanOctober 30, 2025

Character.AI bans teens from talking to its chatbots amid mounting lawsuits and regulatory pressure

By Beatrice NolanOctober 29, 2025

Jensen Huang eyes the camera

Nvidia is officially the world’s first $5 trillion company. CEO Jensen Huang says it’s on track for ‘half a trillion dollars’ in revenue

By Dave SmithOctober 29, 2025

HKEX CEO Bonnie Chan says global stock exchanges have to work together to stay relevant in a crypto age

HKEX CEO Bonnie Chan says global stock exchanges have to work together to stay relevant in a crypto age

By Angelica AngOctober 29, 2025

How Bupa’s CEO Iñaki Ereño woke a sleeping giant—and set a 100,000 strong workforce running toward digital health

How Bupa’s CEO Iñaki Ereño woke a sleeping giant—and set a 100,000 strong workforce running toward digital health

By Aslesha Mehta and Alex Wood MortonOctober 29, 2025

Sam Altman and Satya Nadella on stage together.

As OpenAI restructures, Microsoft locks in long-term gains

By Beatrice NolanOctober 28, 2025

A female doctor encourages a young woman with cancer by holding hands on the patient's bed.

The U.S. just bet $1 billion that AI supercomputers can turn most cancers from ‘death sentences’ to ‘manageable conditions’ within 8 years

By Eva RoytburgOctober 28, 2025

Elon Musk, wearing a black DOGE hat and with a black eye, looks down and frowns.

Elon Musk’s ‘polarizing and partisan actions’ may have cost Tesla more than 1 million U.S. EV sales, Yale study finds

By Sasha RogelbergOctober 28, 2025

Tech company xAI's primary owner Elon Musk.

Elon Musk’s ‘Grokipedia’ cites Wikipedia as a source, even though it’s the exact thing he’s trying to replace because he thinks it’s ‘woke’

By Nino PaoliOctober 28, 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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