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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
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T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price
T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price

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

By Jim EdwardsJune 11, 2026
bessent
Social Security and Medicare are heading toward insolvency. Congress has 6 years to act
By Steve H. Hanke and David M. WalkerJune 11, 2026
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful
By Leonard LimJune 10, 2026
A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI build-out
A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI build-out
By Jacqueline MunisJune 10, 2026
The curse of Trump watching sports in person: the home team seems to always lose
The curse of Trump watching sports in person: the home team seems to always lose
By The Associated Press and Will WeissertJune 10, 2026
‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’
‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’
By The Associated Press and Christopher RugaberJune 10, 2026
Latest Stories
A man in a suit jacket gestures with his hands.
AISpaceX is about to make history—and 80% of VCs won’t see a dime of it
By Amanda GerutJune 11, 2026
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
NewslettersBridgit Mendler sees the space economy going mainstream
By Andrew NuscaJune 11, 2026
Top CD rates today, June 11, 2026: Lock in up to up to 4.30%
Personal FinanceTop CD rates today, June 11, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganJune 11, 2026
Today’s top high-yield savings rates: Up to 5.00% on June 11, 2026
Personal FinanceToday’s top high-yield savings rates: Up to 5.00% on June 11, 2026
By Glen Luke FlanaganJune 11, 2026
‘Oh God, no! Not another thing:’ What Anthropic’s Mythos-class Fable 5 means for CEOs trying to govern AI
Newsletters‘Oh God, no! Not another thing:’ What Anthropic’s Mythos-class Fable 5 means for CEOs trying to govern AI
By Diane BradyJune 11, 2026
Meet the Fortune Crypto 100: A ranking of the very best companies in blockchain
CryptoMeet the Fortune Crypto 100: A ranking of the very best companies in blockchain
By Jeff John RobertsJune 11, 2026
Fortune Crypto Innovators
CryptoMeet the Fortune Crypto Innovators
By FortuneJune 11, 2026
Fortune Crypto 100
Fortune Crypto 100
By FortuneJune 11, 2026
More PoliticsPage 39 of 100
carney
PoliticsCanada’s Carney says Trump didn’t tip him off before striking Iran, but he supports the war ‘with some regret’
By Rod McGuirk and The Associated PressMarch 4, 2026
  • Trump says he plans to speak with Iran’s new leadership as military reveals B-2 stealth bomber attack on ballistic missile facilities
    PoliticsTrump says he plans to speak with Iran’s new leadership as military reveals B-2 stealth bomber attack on ballistic missile facilities
    By Matthew Lee, David Klepper and The Associated PressMarch 1, 2026
iran
PoliticsMeet Mojtaba Khamenei, ‘the power behind the robes’ and presumptive favorite to assume power as Iran’s Supreme Leader
By Jon Gambrell and The Associated PressMarch 4, 2026
dubai
PoliticsThe hottest ticket in Dubai is a $200,000 spot on a private jet out of town
By Simina Mistreanu, Stefanie Dazio and The Associated PressMarch 4, 2026
Wilbur Ross, former US commerce secretary.
Middle EastThe U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex–commerce secretary. Don’t expect them to get involved in Iran
By Eleanor PringleMarch 4, 2026
cuban
CommentaryTrump promised lower drug prices. Here’s how Congress virtually guaranteed the opposite
By Tony LoSassoMarch 4, 2026
bernie sanders
EconomyBernie Sanders’ billionaire tax would soak about 900 people to fund $3,000 checks for the middle class
By Jake AngeloMarch 4, 2026
  • Suspect in Texas shooting that FBI is investigating as potential terrorism wore ‘Property of Allah’ clothing and Iranian flag emblem
    PoliticsSuspect in Texas shooting that FBI is investigating as potential terrorism wore ‘Property of Allah’ clothing and Iranian flag emblem
    By Jack Myer, Alanna Durkin Richer, Eric Tucker, John Seewer and The Associated PressMarch 1, 2026
iran
PoliticsIran’s revenge: drones damage data centers for Amazon Web Services, reveal west’s Achilles Heel
By Kelvin Chan and The Associated PressMarch 3, 2026
Trump sits and gestures.
PoliticsTrump threatens Spain with trade war after it refuses to roll over and lend its army bases to the Iran effort
By Fatima Hussein, Suman Naishadham and The Associated PressMarch 3, 2026
AOC
PoliticsObama’s former campaign manager has a ‘brutal truth’ for Democrats: ‘We have no economic message, and if we don’t get one, we’re not going to win’
By Meg Kinnard and The Associated PressMarch 3, 2026
Jamie Dimon says Trump’s $5 billion JPMorgan Chase lawsuit has ‘no merit,’ but admits he’d be angry about debanking too
BankingJamie Dimon says Trump’s $5 billion JPMorgan Chase lawsuit has ‘no merit,’ but admits he’d be angry about debanking too
By Marco Quiroz-GutierrezMarch 3, 2026
U.S. Secretary of War Pete Hegseth standing in front of a podium with a Pentagon sign behind him, gesturing with his hands outstretched and looking angry.
AIThe Pentagon’s fight with Anthropic was the first real test for how we will control powerful AI. The bad news: we all failed
By Jeremy KahnMarch 3, 2026
  • iran
    Politics3 U.S. service members killed and 5 seriously wounded in Iran operation, after Trump warned of casualties
    By Ben Finley and The Associated PressMarch 1, 2026
Economist Mohamed El-Erian
EconomyTop economist Mohamed El-Erian warns of stagflation gripping the entire world economy the longer the Iran war goes on
By Tristan BoveMarch 3, 2026
clinton
PoliticsPizzagate and UFOs among questions Republicans have for Clintons over Epstein
By Stephen Groves and The Associated PressMarch 3, 2026
trump
Middle EastTrump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says
By Nick LichtenbergMarch 2, 2026
A woman stands with her hand on her hip as she pumps gas into her car.
EnergyOil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but ‘three times the scale,’ analyst warns
By Sasha RogelbergMarch 2, 2026
Photo of Donald Trump
Personal FinanceCEO of America’s largest Social Security advisory firm: Trump’s big tax cut ‘did not help’
By Nick LichtenbergMarch 2, 2026
Anthropic’s Claude overtakes ChatGPT in App Store as users boycott over OpenAI’s $200 million Pentagon contract
AIAnthropic’s Claude overtakes ChatGPT in App Store as users boycott over OpenAI’s $200 million Pentagon contract
By Marco Quiroz-GutierrezMarch 2, 2026
A commercial ship anchored off the coast of Dubai.
EnergyThe war in Iran could lead to a ‘guaranteed global recession’ because of one chokepoint that is crucial to the world economy, analyst says
By Tristan BoveMarch 2, 2026
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
Middle EastIran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
OpenAI CEO Sam Altman
AIOpenAI CEO Sam Altman defends decision to strike Pentagon deal after Anthropic blacklisting, admits ‘optics don’t look good’
By Jeremy KahnMarch 2, 2026
iran
PoliticsHow the Oct. 7 attacks led to a multiyear destruction of Iran’s proxy militias
By Adam Geller, Abby Sewell and The Associated PressMarch 2, 2026
carvalho
Law2 years after $3 million deal with bankrupt chatbot firm, LA’s schools superintendent is under investigation
By Jaimie Ding, Julie Watson and The Associated PressMarch 2, 2026
texas
PoliticsHigh-stakes Texas primary comes down to wire with both Republican and Democratic candidates on edge
By Thomas Beaumont, Sean Murphy and The Associated PressMarch 2, 2026
dubai
Politics‘This is Dubai’s ultimate nightmare’: Missile strikes rock safe-haven status of the Las Vegas of the East
By Brian Melley and The Associated PressMarch 2, 2026
iran
PoliticsWar widens in Middle East with over 500 dead, according to Iranian Red Crescent Society
By Jon Gambrell, Melanie Lidman, Samy Magdy and The Associated PressMarch 2, 2026
oil
EnergyOil prices spike above $70 per barrel as Iran’s Straight of Hormuz grows tangled
By David McHugh and The Associated PressMarch 2, 2026
President Donald Trump (C) oversees "Operation Epic Fury"
EconomyTrump’s action against Iran is yet another wobble for government debt, warns UBS
By Eleanor PringleMarch 2, 2026
This American tourist stranded in Dubai due to Iran’s bombardment doesn’t think she’ll be back — ‘the universe was trying to tell us something’
PoliticsThis American tourist stranded in Dubai due to Iran’s bombardment doesn’t think she’ll be back — ‘the universe was trying to tell us something’
By Brian Melley and The Associated PressMarch 1, 2026
At least 22 people killed and more than 120 injured in Pakistan after Iran supporters try to storm U.S. Consulate
AsiaAt least 22 people killed and more than 120 injured in Pakistan after Iran supporters try to storm U.S. Consulate
By The Associated PressMarch 1, 2026
UAE stock markets to close for two days amid Iran strikes
PoliticsUAE stock markets to close for two days amid Iran strikes
By Sherif Tarek, Omar Tamo, Farah Elbahrawy and BloombergMarch 1, 2026
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Most Popular
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longerplaceholder alt text
By Sasha RogelbergJune 10, 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
Personal Finance
Current price of oil as of June 10, 2026placeholder alt text
By Joseph HostetlerJune 10, 2026
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