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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 40 of 69

Sam Altman and Satya Nadella on a split screen.

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company

By Beatrice NolanOctober 28, 2025

Amazon workers handling packages.

Amazon is pushing out thousands of workers into a job market that suddenly isn’t hiring

By Michelle Chapman and The Associated PressOctober 28, 2025

AI stock valuations aren’t wrong—they’re just not right … yet, says JPMorgan assets boss

AI stock valuations aren’t wrong—they’re just not right … yet, says JPMorgan assets boss

By Eleanor PringleOctober 28, 2025

Jimmy Wales

The power of a neutral point of view: founder Jimmy Wales on how Wikipedia builds and maintains trust

By Jimmy WalesOctober 28, 2025

Jyoti Deshpande, wearing a burgundy jacket, speaks lifting on hand in the air while gesturing with the other.

Netflix and Amazon Prime are using AI algorithms that hide content from some users, media executive says

By Sasha RogelbergOctober 28, 2025

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

Open-source AI is ‘China’s game right now’—and that’s a problem for the U.S. and its allies, Andreessen Horowitz partner says

By Beatrice NolanOctober 27, 2025

Marc Benioff

When the media missed the message: Benioff clarifies meaning on multiple levels

By Jeffrey Sonnenfeld and Stephen HenriquesOctober 27, 2025

Robyn Denholm speaks in an interview

Tesla board chair begs shareholders to green-light Elon Musk’s $1 trillion pay package, calling the upcoming vote a ‘critical inflection point’

By Dave SmithOctober 27, 2025

Jeff Bezos

Jeff Bezos’ favorite interview question exposes who can’t be replaced by AI

By Jessica CoacciOctober 27, 2025

Cristiano Amon, President and CEO, Qualcomm Incorporated

Qualcomm CEO warns that ‘everybody’s playing to win’ when it comes to an AI bubble—but it’s still too early to tell who will succeed

By Beatrice NolanOctober 27, 2025

Dow futures jump 300 points as U.S.-China trade war heads for ceasefire while Wall Street eyes another Fed rate cut and earnings from AI giants

Dow futures jump 300 points as U.S.-China trade war heads for ceasefire while Wall Street eyes another Fed rate cut and earnings from AI giants

By Jason MaOctober 26, 2025

Two men sit facing each other on a hay bale under a tent.

Fortune Archives: The journalist Steve Jobs opened up to

By Geoff ColvinOctober 26, 2025

Fortune 500 Power Moves: Which executives gained and lost power this week, Oct. 18-24, 2025

Fortune 500 Power Moves: Which executives gained and lost power this week, Oct. 18-24, 2025

By Fortune EditorsOctober 24, 2025

Mustafa Suleyman , wearing a light chore jacket, speaks with both hands in light fists in front of him.

After Microsoft invested $13 billion into OpenAI, its AI chief is slamming erotica features like ChatGPT’s: ‘This is very dangerous’

By Sasha RogelbergOctober 24, 2025

Ex–Stellantis CEO says Tesla could exit the car industry and may not exist in 10 years: ‘Tesla’s stock market value loss will be colossal’

Ex–Stellantis CEO says Tesla could exit the car industry and may not exist in 10 years: ‘Tesla’s stock market value loss will be colossal’

By Marco Quiroz-GutierrezOctober 24, 2025

Tutor with child

Parents offering $240K to tutor their one-year-old—the job ad calls for someone ‘from a socially appropriate background’ to prepare their toddler for top schools

By Jessica CoacciOctober 24, 2025

Private credit: the case for freeing investors from the grip of passive management

By Mike TerwilligerOctober 24, 2025

Chen Tianshi, CEO and founder of Cambricon, speaks at a podium

‘The Nvidia of China’ says revenue spiked 14X last quarter. The ensuing stock frenzy made its CEO one of the world’s richest people

By Dave SmithOctober 24, 2025

Elon Musk boarding a plane.

Tesla posts weak earnings again, and the ‘Musk Magic’ Premium shows its shares are way overpriced

By Shawn TullyOctober 23, 2025

DeepSeek’s new model sees text differently, opening new possibilities for enterprise AI

By Beatrice NolanOctober 23, 2025

With $1 trillion pay package on the line, Elon Musk blasts influential firms telling shareholders to reject it: ‘Those guys are corporate terrorists’

With $1 trillion pay package on the line, Elon Musk blasts influential firms telling shareholders to reject it: ‘Those guys are corporate terrorists’

By Marco Quiroz-GutierrezOctober 23, 2025

An Amazon delivery driver wears a pair of dark glasses and touches the side of a vest he is wearing.

Amazon will give its delivery drivers AI-powered smart glasses, promising to make the job safer, faster amid automation push

By Sasha RogelbergOctober 23, 2025

Former Whole Foods CEO John Mackey speaks on stage while lifting his hand

Former Whole Foods CEO says he didn’t want to sell to Amazon, but activists threatened to take over his board, fire him, and sell the company anyway

By Dave SmithOctober 23, 2025

Elon Musk in the Oval Office with his arms crossed

Elon Musk defends $1 trillion pay package: ‘I just don’t feel comfortable building a robot army here and then being ousted’

By Preston ForeOctober 23, 2025

Steve Jobs holds up his hands while speaking

Corning CEO says Steve Jobs pressured him into making all the screens for the first iPhone: ‘Do you know what your biggest problem is? You’re afraid’

By Dave SmithOctober 23, 2025

$Libery Energy's hydraulic fracturing, or frac, spreads are increasingly electrified with natural gas power, a technology now translating to powering data centers.$

AI’s insatiable need for power is driving an unexpected boom in oil-fracking company stocks

By Jordan BlumOctober 23, 2025

Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

By Ashley LutzOctober 22, 2025

Corning CEO Wendell Weeks.

Corning CEO says Jeff Bezos taught him that creating value is less about overcoming failure than, ‘if something is working, double down on it’

By Fortune EditorsOctober 22, 2025

Apple CEO Tim Cook not looking too pleased holding the iPhone Air

Apple is ‘drastically’ cutting iPhone Air production, report says, after new survey reveals ‘virtually no demand’

By Dave SmithOctober 22, 2025

Harry, Meghan

Prince Harry, Meghan Markle join with Steve Bannon and Steve Wozniak in calling for ban on AI ‘superintelligence’ before it destroys the world

By Matt O'Brien and The Associated PressOctober 22, 2025

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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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