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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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Current price of oil as of June 10, 2026

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

Current price of oil as of June 10, 2026
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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
While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond
InnovationWhile investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond
By Jason MaJune 11, 2026
gordon
CommentaryGordon Ritter: I predicted AI’s learning loop a decade ago. The doomers are still measuring the wrong thing
By Gordon RitterJune 11, 2026
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
More PoliticsPage 67 of 100
Omar
PoliticsIlhan Omar urges Americans not to blame the Somali community for the actions of a relative few as FBI investigation surges
By The Associated PressDecember 30, 2025
  • hawaii
    EnvironmentHawaii’s Big Island cat lovers are furious about a feeding ban to protect an endangered goose species: ‘They’re both living creatures’
    By Jennifer Sinco Kelleher and The Associated PressDecember 27, 2025
RFK
HealthA year of MAHA begs the question: is RFK making America healthy again?
By Ali Swenson and The Associated PressDecember 30, 2025
RFK Jr. push leads to 5 states restricting what you can buy with SNAP benefits: Experts warn it’s a ‘disaster waiting to happen’
PoliticsRFK Jr. push leads to 5 states restricting what you can buy with SNAP benefits: Experts warn it’s a ‘disaster waiting to happen’
By Jonel Aleccia and The Associated PressDecember 30, 2025
license
EnvironmentGeorgia’s ‘America First’ license plates, Washington’s $17 minimum wage and Hawaii’s climate change tourist tax: new laws are on the books
By David A. Lieb and The Associated PressDecember 30, 2025
McCormick
LawThe government paid $5 million instead of $50,000 to a Florida Democrat’s healthcare company. She claims innocence from fraud
By David Fischer and The Associated PressDecember 30, 2025
Crackdown on anti-ICE TikToker backfires as judge throws out case for lack of access to lawyers in immigration detention
LawCrackdown on anti-ICE TikToker backfires as judge throws out case for lack of access to lawyers in immigration detention
By The Associated PressDecember 30, 2025
  • Anduril founder Palmer Luckey is among the U.S. defense execs and companies sanctioned by China over arms sales to Taiwan
    PoliticsAnduril founder Palmer Luckey is among the U.S. defense execs and companies sanctioned by China over arms sales to Taiwan
    By The Associated PressDecember 26, 2025
Tim Walz
LawYouTuber’s viral ‘Somali day care’ video spurs sweeping federal fraud probe in Minnesota as Walz defends oversight of $18 billion
By Nick LichtenbergDecember 30, 2025
Why Singapore is the only Southeast Asian country in Pax Silica, the U.S.’s new AI ‘inner circle’
AsiaWhy Singapore is the only Southeast Asian country in Pax Silica, the U.S.’s new AI ‘inner circle’
By Angelica AngDecember 30, 2025
Trump says he still might fire Powell as Fed chair pick looms
EconomyTrump says he still might fire Powell as Fed chair pick looms
By Josh Wingrove, Kate Sullivan and BloombergDecember 29, 2025
Trump warns U.S. will ‘knock the hell out of’ Iran’s nuclear capabilities if it’s rebuilding them amid Israeli concerns about long-range missiles
PoliticsTrump warns U.S. will ‘knock the hell out of’ Iran’s nuclear capabilities if it’s rebuilding them amid Israeli concerns about long-range missiles
By Will Weissert, Sam Mednick, Samy Magdy and The Associated PressDecember 29, 2025
Homeland Security investigates Minnesota for apparent fraud costing taxpayers as much as $9 billion
LawHomeland Security investigates Minnesota for apparent fraud costing taxpayers as much as $9 billion
By The Associated PressDecember 29, 2025
  • Trump
    EconomyTrump’s tariffs actually slashed the deficit from a record $136.4 billion to less than half that. Here’s what else they did
    By Wyatte Grantham-Philips, Paul Wiseman and The Associated PressDecember 26, 2025
Trump claims victory in drug-smuggling crackdown, but key details remain a mystery
PoliticsTrump claims victory in drug-smuggling crackdown, but key details remain a mystery
By Michelle L. Price, Will Weissert and The Associated PressDecember 29, 2025
Florida congresswoman accused of stealing $5 million in COVID funds insists she’s innocent
PoliticsFlorida congresswoman accused of stealing $5 million in COVID funds insists she’s innocent
By David Fischer and The Associated PressDecember 29, 2025
Zohran Mamdani’s moment of truth: These factors will make or break the NYC mayor-elect’s ambitious agenda
PoliticsZohran Mamdani’s moment of truth: These factors will make or break the NYC mayor-elect’s ambitious agenda
By Anthony Izaguirre and The Associated PressDecember 29, 2025
Trump
Economy$25,000 per month: the cost of Trump tariffs on small business importers, revealed
By Nick LichtenbergDecember 29, 2025
Tinkov
BankingFormer Russian banking billionaire says an Instagram post cost him $9 billion: His company was sold for 3% of its value in ‘hostage’ situation
By Nick LichtenbergDecember 29, 2025
‘We’ve gotten out of whack’ by fixating so much on Fed rates, but the loss of its independence will be punished, BofA CEO Brian Moynihan says
Economy‘We’ve gotten out of whack’ by fixating so much on Fed rates, but the loss of its independence will be punished, BofA CEO Brian Moynihan says
By Jason MaDecember 29, 2025
Trump
Politics‘Adapt, shrink or die’: Trump begins slashing UN aid with $2 billion pledge a fraction of previous contributions
By Jamey Keaten, Matthew Lee and The Associated PressDecember 29, 2025
US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Saturday, Dec. 13, 2025.
EconomyNo one’s happier about calls for a ‘back-seat’ Fed than Fed insiders who were targeted by the White House this year
By Eleanor PringleDecember 29, 2025
Trump says Ukraine and Russia are ‘closer than ever’ to peace after talking to Zelenskyy and Putin
PoliticsTrump says Ukraine and Russia are ‘closer than ever’ to peace after talking to Zelenskyy and Putin
By Will Weissert, Seung Min Kim, Elise Morton and The Associated PressDecember 28, 2025
Bank of America’s Moynihan sees Trump’s tariffs starting to de-escalate
EconomyBank of America’s Moynihan sees Trump’s tariffs starting to de-escalate
By Sarah Maddox and BloombergDecember 28, 2025
California tech founders unload on a proposed state wealth tax that already has some billionaires preparing an escape. ‘I am screwed for life’
Startups & VentureCalifornia tech founders unload on a proposed state wealth tax that already has some billionaires preparing an escape. ‘I am screwed for life’
By Jason MaDecember 28, 2025
Ahead of meeting with Trump, Zelenskyy says ‘Ukraine is willing to do whatever it takes to stop this war’
PoliticsAhead of meeting with Trump, Zelenskyy says ‘Ukraine is willing to do whatever it takes to stop this war’
By Will Weissert, Seung Min Kim, Elise Morton and The Associated PressDecember 28, 2025
Russian official warns a banking crisis is possible amid nonpayments. ‘I don’t want to think about a continuation of the war or an escalation’
BankingRussian official warns a banking crisis is possible amid nonpayments. ‘I don’t want to think about a continuation of the war or an escalation’
By Jason MaDecember 27, 2025
Peter Thiel and Larry Page are preparing to flee California in case the state passes a billionaire wealth tax, report says
PoliticsPeter Thiel and Larry Page are preparing to flee California in case the state passes a billionaire wealth tax, report says
By Jason MaDecember 27, 2025
After U.S. debt soared to $38 trillion, the ‘easy times’ are now over as hedge funds jump into the bond market, former Treasury official warns
EconomyAfter U.S. debt soared to $38 trillion, the ‘easy times’ are now over as hedge funds jump into the bond market, former Treasury official warns
By Jason MaDecember 27, 2025
Kennedy Center seeks $1 million in damages from musician who canceled performance after Trump name added to building
PoliticsKennedy Center seeks $1 million in damages from musician who canceled performance after Trump name added to building
By Steven Sloan and The Associated PressDecember 27, 2025
California drops lawsuit to reinstate federal bullet train funding as high-speed rail authority seeks private investors
PoliticsCalifornia drops lawsuit to reinstate federal bullet train funding as high-speed rail authority seeks private investors
By Sophie Austin and The Associated PressDecember 27, 2025
Federal Reserve Gov. Chris Waller engages 200 top CEOs at the Yale CEO Summit in December, 2025. (Photo courtesy of the Yale Chief Executive Leadership Institute/Photographer Donovan Marks)
CommentaryWhy over 80% of America’s top CEOs think Trump would be wrong not to pick Chris Waller for Fed chair
By Jeffrey Sonnenfeld and Steven TianDecember 27, 2025
Kence Anderson is the founder and CEO of AMESA 
CommentaryI pioneered machine teaching at Microsoft. Building AI agents is like building a basketball team, not drafting a player 
By Kence AndersonDecember 27, 2025
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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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