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Built from scratch by immigrant parents, this NYC grocery store now faces Mamdani’s taxpayer-backed rival
For nearly 30 years, Josefina Aguirre has helped keep alive the East Harlem grocery store her immigrant parents built from scratch. The family business has survived soaring rents, inflation, the…
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From Target stockrooms to factory floors: The first jobs that shaped Fortune’s Most Powerful Women
The path to the C-suite is rarely linear—more often a winding road marked by setbacks as much as opportunity. For women in particular, the climb across industries from Wall Street…
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Who runs the labor market? Women accounted for 98% of U.S. job gains in August
Who runs the world (or the U.S. labor market in August?) Girls. Women accounted for almost every job added to the U.S. economy in August, an extraordinary statistic within a…
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Belgian mayor blocks Hapoel Beersheba Europa League match over alleged safety concerns
Hapoel Beersheba is expected to play in the Europa League, but it now appears that the team’s participation will not happen without challenges. The Belgian city of Leuven announced on…
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U.N. General Assembly endorses a new world map that represents Africa more accurately in its larger size. Only the U.S. voted against it
The United Nations General Assembly on Friday endorsed a new world map that represents Africa more accurately in its larger size, a culmination of a recent campaign led by African countries and advocacy groups. Friday’s resolution,…
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Lebanon can sign Abraham Accords once Hezbollah is disarmed, Sunni MP says
Lebanon can join the Abraham Accords once Hezbollah is disarmed and can no longer use the country as a “launching pad” for attacks against Israel, Lebanese Sunni MP Fouad Makhzoumi…
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Iran’s chief negotiator warns retaliation will be ‘faster, heavier and more painful’ after U.S. hits tankers in response to attack attempt on warships
The U.S. military has denied Iran ’s claim to have struck an unmanned American military vessel in the Strait of Hormuz, calling it a “total lie.” Meanwhile, Israeli strikes in southern Lebanon killed four people…
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Kushner says US envoys in Ukraine looking forward to more progress in peace talks
A US delegation visiting Kyiv looks forward to making more progress in peace talks aimed at ending the war in Ukraine, US envoy Jared Kushner said on Sunday. In joint…
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Israel cuts gasoline prices by 50 agorot after Smotrich approves temporary excise relief
Finance Minister Bezalel Smotrich signed an order on Sunday cutting the price of gasoline by 50 agorot per liter beginning at midnight, bringing the self-service price of 95-octane gasoline down…
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Here’s what is open and closed this year on Labor Day
The origins of Labor Day date back to the late 19th century, when activists first sought to establish a day that would pay tribute to workers. The first U.S. Labor Day celebration…
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Federal regulators are investigating Musk’s new steering-wheel-free Cybercabs a day after launch, unconvinced by Tesla’s self-certification process
Federal regulators are opening an investigation into whether Tesla’s new steering-wheel-free taxis comply with safety rules, a day after the company began offering rides in the vehicles. The National Highway…
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Europe Gets a New Commercial Route to Orbit as Isar Aerospace Makes History
A German space company has successfully carried satellites into orbit from Norway, giving continental Europe a new privately developed launch capability and marking a major breakthrough for its commercial space…
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White House unveils ‘Build the Wall,’ a Tetris knockoff video game, to ‘protect the border from the coming horde’
The White House website on Thursday unveiled Arcade, a collection of five low-resolution video games that promote different aspects of President Donald Trump’s agenda. “Build the Wall” is a “Tetris” knockoff that…
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OPEC+ Holds Oil Supply Steady as Iran Conflict Pushes Crude Toward $100
Global energy markets enter the new week under renewed pressure after the oil alliance declined to add more barrels while fighting around the Strait of Hormuz continues to threaten one…
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Iraq emerges as Iran’s economic lifeline amid tighter US sanctions
Iraq remains one of Iran’s most important regional economic and financial links as Washington expands pressure on Tehran and entities accused of supporting it. Iraq’s close political and commercial ties…
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Nvidia’s $13 billion Hugging Face bet reveals Jensen Huang’s vision for the next AI battleground
Good morning. Nvidia will pay $12.93 billion for Hugging Face, which is generating roughly $150 million in annualized revenue. At about 86 times revenue, the price makes clear that Nvidia…
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Josh Kushner says Thrive would have stayed away from FIFA’s $4.2 billion World Cup deal if it had known what was coming
Joshua Kushner, brother of President Donald Trump’s son-in-law Jared and the founder of VC firm Thrive Capital, has some regrets about a failed plan to allow private investors to take…
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Diesel’s record $5.85 per gallon price threatens higher grocery bills, with refrigerated foods among the first to feel the squeeze
Diesel hit a new record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time ever as the six-month war with Iran disrupts the…
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AI’s productivity boom will likely create a ‘winner-takes-all’ economy, top EY economist warns
Good morning. On Fortune’s radar today: Who are the real winners of AI transformation? Don’t blame the Fed for bond yields, says JPMorgan. Markets: Cautiously optimistic ahead of key jobs…
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‘Joining Iran’s navy on seafloor’: CENTCOM sinks Iranian oil tanker in Gulf of Oman
US forces sank an Iranian oil tanker in the Gulf of Oman on Saturday, US Central Command (CENTCOM) announced in a post on X/Twitter. “Thanks to the precision and professionalism…
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Trump says ‘Stupidity causes inflation’ and threatens to stop trade with foreign countries in retaliation for higher interest rates
President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday’s surprisingly positive jobs report ultimately provoked frustration from Trump. The August job…
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After hitting oil tankers, Iran targets Navy warships and U.S. retaliates with ‘higher economic cost’ in new escalation that could transform the war
President Donald Trump has downplayed his war on Iran as “small potatoes,” but those potatoes are getting bigger as both sides are escalating beyond their stalemate in the Strait of…
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‘Facts matter less’: Israel, Huckabee slam UK foreign secretary over Gaza medicine claims
Israel’s Foreign Ministry and US Ambassador to Israel Mike Huckabee criticized Britain’s Foreign Secretary Ed Miliband, on Saturday over remarks he made about conditions facing residents of the Gaza Strip.…
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Kremlin-Washington talks conclude after reportedly productive meeting between US, Russian diplomats
Russian President Vladimir Putin held more than three hours of “highly useful” talks on Saturday with two US envoys seeking a deal to end the Ukraine war, a Kremlin aide…
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Denmark and four EU countries agree on migrant ‘return hubs’ outside the bloc, aim to start by 2027
Denmark and four other European Union countries agreed Friday on a model for “return hubs” in non-EU nations and hope to begin sending migrants to the facilities as early as 2027, an…
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These industries will lead hiring in the next decade, with just one sector accounting for more than a third of all new jobs
The U.S. labor market is bracing for a decade of slower overall growth, but a handful of industries and occupations are set to expand at a breakneck pace, according to…
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German startup makes history with first orbital space flight launched from European soil
German startup Isar Aerospace launched a space rocket from a site in Arctic Norway on Saturday, bringing Europe closer to offering satellite flights from its own soil. The uncrewed Spectrum…
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Mamdani says 9/11 docs should be released to the public, ahead of 25th anniversary of terror attack
As New York City prepares to mark 25 years since the September 11 terror attack, New York City Mayor Zohran Mamdani expressed his desire to make sure as much information…
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Arab countries preparing for possibility of Eisenkot becoming PM, in talks with his people
Senior officials from Arab countries have been holding discussions with people close to former IDF Chief of Staff Gadi Eisenkot ahead of Israel’s October 27 elections, according to two sources…
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Witkoff, Kushner heading abroad to discuss Ukraine peace, Trump says
US Special Envoy Steve Witkoff and Jared Kushner, US President Donald Trump‘s son-in-law, are heading abroad to attempt to forge a peace deal between Russia and Ukraine, the US president…
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Argentina’s Milei threatens sanctions on Falklands oil developers while citing Trumps openness to rethink the U.S.’ stance
Argentine President Javier Milei escalated his country’s dispute with Britain over the Falkland Islands on Thursday, vowing new measures to halt an oil project near the British-controlled archipelago and praising U.S. President Donald…
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Mexican drug cartels are increasingly using bomb-laden drones and improvised explosive devices. ‘We are facing steady intensification of violence’
Drug cartels across Mexico are increasingly turning to car bombs, explosives-laden drones and improvised explosive devices, a trend that could further strain Mexico’s already tense relationship with U.S. President Donald Trump, who has repeatedly…
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Checkers & Rally’s CEO says Americans’ demand for fast-food value is ‘intensifying’
Checkers & Rally’s is leaning into value as Americans remain squeezed by higher everyday expenses, with the fast-food chain’s CEO saying consumers’ demand for affordability has intensified over the past…
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Russia bars El Al route to St. Petersburg as punishment for blocking Aeroflot flights – report
El Al’s attempt to establish a flight route between Israel and St. Petersburg has been rebuffed by Russia, N12 reported on Thursday, allegedly in order to “punish” Israel. El Al’s…
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Why college athletes should ‘live like college students’ despite six-figure NIL deals
College football season is kicking off and some young athletes taking the field around the country will be seeing an influx of income from name, image and likeness (NIL) and…
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India Clears National Stock Exchange for Long-Delayed IPO After Nearly a Decade of Regulatory Battles
India’s National Stock Exchange has finally received regulatory clearance to move ahead with its long-awaited initial public offering, removing one of the biggest obstacles to what could become one of…
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Campbell’s cuts 13% of salaried workforce, closes plants as part of turnaround effort
Campbell’s said it has cut 13% of its salaried workforce and closed two snack plants in an effort to improve its operations and return to profitability. “Make no mistake, our…
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E coli blueberry recall expanding to frozen mixed berry packages sold at Walmarts in 16 states
A blueberry recall first reported in July over the risk of E. coli contamination has been expanded to include frozen package mixes of strawberries, blackberries and blueberries sold at Walmart,…
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‘There is no active shooting’: Vance rejects the word ‘war’ for Iran conflict as fighting continues ahead of midterms
Vice President JD Vance on Thursday rejected the use of the word “war” to describe the U.S. fighting with Iran as he steered clear of predicting that the 6-month-old conflict would be over by…
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LARRY KUDLOW: Trump’s economic boom – the greatest story never told
Right on cue, the press got ready to print a bad jobs report for August, and then SLAM, the number comes out up 162,000. About three times the Wall Street…
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‘Feeding the beast’: Meta faces allegations of using its ‘perv glasses’ to train AI in new lawsuit
Not long after Meta agreed to fork up up to $18 billion over the next decade for its child-safety settlement, the tech giant faces yet another privacy lawsuit, this one…
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Business Day in Review — Friday, September 4, 2026
U.S. Markets — Strong Jobs Report Revives Rate-Hike Fears Wall Street finished the final trading day before the Labor Day weekend lower after the August employment report came in far…
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US sanctions Turkish bank, two subsidiaries in bid to increase economic pressure on Iran
The US Treasury Department said on Friday it imposed new Iran-related sanctions on a small Turkish investment bank and two subsidiaries as part of the Trump administration’s effort to increase…
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Trump Warns U.S. Could Strike Iran’s Pickaxe Mountain Nuclear Site ‘Very Soon’
WASHINGTON — President Donald Trump warned Friday that the United States could soon strike Iran’s heavily fortified Pickaxe Mountain facility if Washington determines Tehran is continuing nuclear activity there, putting…
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American Jewish community security spending surpasses $1 billion, new data shows
Jewish communal security spending has hit a record high, surpassing $1 billion a year ($1.015b), new data from the Jewish Federations of North America (JFNA) revealed ahead of the High…
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The history of socialism in the US — and why the American dream prevails
Before the 1917 Russian Revolution, socialists in the U.S. were winning hundreds of local and national contests. In Manhattan, a socialist immigrant from Lithuania was sent to Congress in 1915.…
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‘Much better than feared outcome’: Volkswagen shares jump 6% after revealing plan to reduce workforce by 50,000—and phasing out four factories
Volkswagen shares rose 6% on Friday after its board of directors approved sweeping cost cuts aimed at confronting challenges including ferocious Chinese competition and US tariffs. Investors were cheered by…
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Russia to shut German cultural centers as Moscow-Berlin tensions escalate over Ukraine
Russia will close German cultural centers on its territory, Foreign Minister Sergey Lavrov said Thursday in a retaliatory measure reflecting the deepening tensions between Moscow and European countries that are helping Ukraine…
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Three Crown Heights buildings transferred from negligent landlord
Three rent-stabilized apartment buildings in Crown Heights have been transferred away from their negligent owners, paving the way for improvements for tenants across 88 apartments. Mayor Zohran Mamdani on Thursday…
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GAO finds Secret Service left drone threats unaddressed before Trump assassination attempt
The U.S. Secret Service dealt with several drone-related incidents without adjusting its protection policies or documenting why it didn’t, according to a government report released Thursday. That information may have…
2026-03-11