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Sign up for Fortune’s CFO Daily newsletter here. Each week day, senior reporter Sheryl Estrada offers an authoritative exploration of the latest trends and news impacting the corporate finance industry and the evolving role of today’s finance leaders.
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise

As AI data centers strain the grid, GM wants to turn its EVs and batteries into a solution. Ford has a simpler plan—and the two Detroit rivals are betting on very different futures.

By Nick LichtenbergJune 9, 2026
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
By Jordan BlumJune 9, 2026
President Donald Trump signing an executive order introducing a $100,000 fee for H-1B visas.
Trump’s $100,000 visa fee is dead in one court and alive in another, setting up Supreme Court brawl
By Michael Casey and The Associated PressJune 9, 2026
Options trader Chris Daytona, right, works on the floor of the New York Stock Exchange, Wednesday, June 3, 2026.
Mystery NASDAQ selloff adds tension into a make-or-break week for the AI trade
By Stan Choe and The Associated PressJune 9, 2026
U.S. President Donald Trump on Liberation Day.
China’s exports to the US are surging at a pre-Liberation Day pace, defying Trump’s tariff goals
By Chan Ho-Him and The Associated PressJune 9, 2026
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
By Jordan BlumJune 9, 2026
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Economy
More in Economy
Photo of Scott Bessent
‘We are rapidly running out of time’: Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

Trustees now project the retirement fund will be depleted in 2032 and the combined system in 2034, putting pressure on the 2026 Senate class to act.

By Nick LichtenbergJune 9, 2026
The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

By Melissa HancockJune 9, 2026
Lockheed, Palantir, and Amazon helped fund Trump’s White House ballroom. They also share more than $50 billion in federal contracts

Lockheed Martin alone received roughly $43.8 billion in new or expanded contracts.

By Catherina GioinoJune 9, 2026
Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox

The Gen Alpha are making money from their online hobbies and managing multiple streams of income from just 13 years old.

By Emma BurleighJune 9, 2026
More in Economy
Banking
More in Banking
Top CD rates from major banks June 9, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Top CD rates from major banks on June 9, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

A deposit account at a bank you already recognize can be a safe way to earn interest on your money.

By Joseph HostetlerJune 9, 2026
Today’s top high-yield savings rates: Up to 5.00% on June 9, 2026

Some high-yield savings accounts are still offering rates around 5%. Check out our ranking of the highest savings account rates available today.

By Glen Luke FlanaganJune 9, 2026
Top CD rates from major banks on June 8, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

A deposit account at a bank you already recognize can be a safe way to earn interest on your money.

By Joseph HostetlerJune 8, 2026
AXA launches a new insurance and wealth platform for HNWIs as Hong Kong wealth surges past Switzerland

Hong Kong insurance policies have become a popular investment option for wealthy mainland Chinese.

By Nicholas GordonJune 8, 2026
More in Banking
Personal Finance
More in Personal Finance
Current price of Bitcoin for June 9, 2026
Current price of Bitcoin for June 9, 2026

Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market.

By Joseph HostetlerJune 9, 2026
Current price of Ethereum for June 9, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerJune 9, 2026
Current price of oil as of June 9, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerJune 9, 2026
Current price of gold as of June 9, 2026

Trends in gold prices could indicate whether the asset can protect against inflation. Here’s a look at how the precious metal is doing today.

By Danny BakstJune 9, 2026
More in Personal Finance
Investing
More in Investing
Traders sitting at computers react
AI stocks are recovering after suddenly tanking last week as oil prices drop more than 3%

The S&P 500 rose 0.2% and pulled back within 2.5% of its all-time high set a week ago.

By Stan Choe and The Associated PressJune 9, 2026
SpaceX IPO means more to the Gulf than you might expect

The windfalls Gulf sovereign wealth funds are poised to receive will offer a nicely timed boost to their balance sheets.

By Melissa HancockJune 9, 2026
How Michael Saylor’s preferred stock gamble could trigger a death spiral for Strategy

Michael Saylor leveraged Strategy to the hilt. Now the math is working against him.

By Shawn TullyJune 9, 2026
‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 9, 2026
More in Investing
Real Estate
More in Real Estate
A for sale sign in front a Spanish style house
Home sales are finally recovering and outpacing economists predictions even as mortgage rates remain high

Sales rose 3.2% compared with May last year.

By Alex Veiga and The Associated PressJune 9, 2026
Mortgage rates today, June 9, 2026

Compare average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.

By Glen Luke FlanaganJune 9, 2026
Current ARM mortgage rates report for June 9, 2026

Some homeowners might benefit from an adjustable-rate mortgage over the more common fixed-rate loans. Here’s what to know.

By Glen Luke FlanaganJune 9, 2026
Current refi mortgage rates report for June 9, 2026

Looking to refinance your mortgage in hopes of getting a lower rate or tapping home equity? See our latest report on average refi rates.

By Glen Luke FlanaganJune 9, 2026
More in Real Estate
Energy
More in Energy
The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

Iran’s grip on the Strait of Hormuz is adding $100 billion to airlines’ collective fuel bill this year.

By Marco Quiroz-GutierrezJune 8, 2026
Current price of oil as of June 8, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerJune 8, 2026
U.S. and Iran appear far from peace deal 100 days since war began

The past week saw the worst flare-up in tensions since the truce started around April 8.

By Arsalan Shahla, Sara Gharaibeh and BloombergJune 7, 2026
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 8, 2026
More in Energy
Crypto
More in Crypto
Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy
Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy

There are talks of a rumored consortium involving Stripe, Coinbase and others. But don’t count on it happening.

By Jeff John RobertsJune 8, 2026
The Class of 2026: Meet the 12 companies making their Fortune 500 debut

From crypto companies to mattress makers, these companies made it in the list’s 72nd year.

By Marco Quiroz-GutierrezJune 5, 2026
I bought peptides with crypto. How my purchase helped fuel a $100 million gray-market, ‘looksmaxxing’ economy

Some of the China-based sellers have pivoted from fentanyl to peptides.

By Ben WeissJune 4, 2026
The S&P 500 will initially exclude SpaceX but Elon Musk is coming for your retirement savings anyway

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 5, 2026
More in Crypto
Latest Stories
Trump’s 80th birthday present is a UFC cage on the South Lawn of the White House
North AmericaTrump’s 80th birthday present is a UFC cage on the South Lawn of the White House
By Will Weissert and The Associated PressJune 9, 2026
FIFA says ‘market rates’ explain World Cup prices. Economists say the market was rigged by design
Travel & LeisureFIFA says ‘market rates’ explain World Cup prices. Economists say the market was rigged by design
By Catherina GioinoJune 9, 2026
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
AIThe AI industry spent years chasing bigger models. Now it’s chasing efficiency
By Sharon GoldmanJune 9, 2026
Xbox CEO Asha Sharma speaks on stage at Fortune Brainstorm Tech 2026.
Big Tech‘Not an Allbirds Moment’: Xbox’s new CEO says she is grounding the console in gaming roots, not AI
By Sebastian HerreraJune 9, 2026
Trump speaking into a mic.
NewslettersShould Americans get an equity stake in AI? Trump and progressive Democrats float public ownership of AI
By Beatrice NolanJune 9, 2026
Three people having a seated discussion
AI‘Getting control where we can’—Europe wants sovereign AI, but most of the chips are from the U.S.
By Amanda GerutJune 9, 2026
A $200 million boomer estate, millennial heir Nick Reiner, and the dark side of the Great Wealth Transfer
LawA $200 million boomer estate, millennial heir Nick Reiner, and the dark side of the Great Wealth Transfer
By Nick LichtenbergJune 9, 2026
Claude Mythos on a screen.
AIAnthropic releases its first Mythos-class model to the public
By Beatrice NolanJune 9, 2026
More FinancePage 7 of 100
Warren Buffett, Chairman and CEO of Berkshire Hathaway, makes his way to a morning session at the Allen & Company Sun Valley Conference on July 13, 2023 in Sun Valley, Idaho
InvestingBuffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
By Eva RoytburgJune 1, 2026
  • A rare ‘super’ El Niño is looking more likely. Here’s what to expect
    EnvironmentA rare ‘super’ El Niño is looking more likely. Here’s what to expect
    By Brian K. Sullivan and BloombergMay 31, 2026
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
EnvironmentErin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
Los Angeles' Pacific Palisades neighborhood pictured after the January 2025 wildfires.
EconomyLast year was a ‘quiet’ one for wildfires. Catastrophic blazes in Canada, South Korea and LA still made it the costliest fire year in history
By Tristan BoveJune 1, 2026
g
EconomyGen Z is losing the most in the AI economy—and Goldman warns it’s about to get worse
By Nick LichtenbergJune 1, 2026
Property prices are down in Dubai. Is it a war-induced blip, or something more serious?  
Middle EastProperty prices are down in Dubai. Is it a war-induced blip, or something more serious?  
By Melissa HancockJune 1, 2026
job
SuccessAs loyal Boomers win and job-switching Gen Zers lose, the labor market of 2026 reveals a decade of bad career advice
By Nick LichtenbergJune 1, 2026
  • Data centers could help determine who wins the next war, and a shortage of compute would be ‘catastrophic,’ retired general says
    AIData centers could help determine who wins the next war, and a shortage of compute would be ‘catastrophic,’ retired general says
    By Jason MaMay 31, 2026
A man sits at desk and looks anxiously at a computer screen
EconomyCEOs are losing confidence in the economy and expect conditions to worsen in the next six months, survey finds
By Jacqueline MunisJune 1, 2026
The Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies
EnergyThe Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies
By Jason MaJune 1, 2026
The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
EnergyThe Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
By Melissa HancockJune 1, 2026
Current price of gold as of June 1, 2026
Personal FinanceCurrent price of gold as of June 1, 2026
By Danny BakstJune 1, 2026
Elon Musk holding a glass of wine during a U.S. diplomatic visit to China
CryptoSpaceX’s $1.4 billion Bitcoin hoard is a strategic reserve—and an accounting headache
By Jack KubinecJune 1, 2026
  • Financial markets are losing the security blanket that’s bailed them out of trouble so many times, top economist warns 
    EconomyFinancial markets are losing the security blanket that’s bailed them out of trouble so many times, top economist warns 
    By Jason MaMay 31, 2026
Current price of Bitcoin for June 1, 2026
Personal FinanceCurrent price of Bitcoin for June 1, 2026
By Joseph HostetlerJune 1, 2026
Current price of Ethereum for June 1, 2026
Personal FinanceCurrent price of Ethereum for June 1, 2026
By Joseph HostetlerJune 1, 2026
Top CD rates from major banks June 1, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceTop CD rates from major banks on June 1, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 1, 2026
Current price of oil as of June 1, 2026
Personal FinanceCurrent price of oil as of June 1, 2026
By Joseph HostetlerJune 1, 2026
Current price of silver as of Monday, June 1, 2026
Personal FinanceCurrent price of silver as of Monday, June 1, 2026
By Joseph HostetlerJune 1, 2026
Financial fraud in an era of blockchain and AI
NewslettersFinancial fraud in an era of blockchain and AI
By Jeff John RobertsJune 1, 2026
A SpaceX-Tesla union would mark the largest merger of all time. But does the math work?
NewslettersA SpaceX-Tesla union would mark the largest merger of all time. But does the math work?
By Sheryl EstradaJune 1, 2026
Jamie Dimon, chief executive officer of JPMorgan Chase
BankingJamie Dimon slams Coinbase CEO as ‘full of sh*t’ and warns banks won’t accept crypto bill
By Eleanor PringleJune 1, 2026
Top CD rates on June 1, 2026: Lock in up to up to 4.30%
Personal FinanceTop CD rates on June 1, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganJune 1, 2026
The top high-yield savings rates: Up to 5.00% on June 1, 2026
Personal FinanceThe top high-yield savings rates: Up to 5.00% on June 1, 2026
By Glen Luke FlanaganJune 1, 2026
Photo: Elon Musk
EconomyA SpaceX-Tesla merger would be valued at $3.4 trillion—and still not make a dime
By Jim EdwardsJune 1, 2026
Exclusive: Binance adds U.S. stocks in ‘super app’ push, plans to launch tokenized shares
CryptoExclusive: Binance adds U.S. stocks in ‘super app’ push, plans to launch tokenized shares
By Jeff John RobertsJune 1, 2026
Mortgage rates, June 1, 2026
Personal FinanceMortgage rates, June 1, 2026
By Glen Luke FlanaganJune 1, 2026
Current refi mortgage rates report for June 1, 2026
Personal FinanceCurrent refi mortgage rates report for June 1, 2026
By Glen Luke FlanaganJune 1, 2026
Current ARM mortgage rates report for June 1, 2026
Personal FinanceCurrent ARM mortgage rates report for June 1, 2026
By Glen Luke FlanaganJune 1, 2026
brian
BankingBillionaires already couldn’t talk to their grandchildren. Now they’re on opposite sides of the AI divide
By Nick LichtenbergJune 1, 2026
jp
BankingPowell keeps battling Trump without saying his name: ‘Like many other institutions, the Fed has been undergoing a stress test’
By Leah Willingham and The Associated PressMay 31, 2026
Berkshire Hathaway to buy Taylor Morrison for $6.8 billion
Real EstateBerkshire Hathaway to buy Taylor Morrison for $6.8 billion
By Paige Smith, Alexandre Rajbhandari and BloombergMay 31, 2026
Wall Street may have solved a nagging mystery in global oil markets as doomsday scenarios have yet to arrive
EnergyWall Street may have solved a nagging mystery in global oil markets as doomsday scenarios have yet to arrive
By Jason MaMay 31, 2026
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Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazonplaceholder alt text
By Sasha RogelbergJune 8, 2026
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Current price of oil as of June 8, 2026placeholder alt text
By Joseph HostetlerJune 8, 2026
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese militaryplaceholder alt text
By Kate O'Keeffe and BloombergJune 8, 2026
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