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Warren Buffett’s favorite market indicator is flashing a warning

Good morning. A closely watched valuation gauge championed by Warren Buffett is signaling potential trouble in today’s market. In a new Fortune article, my colleague Shawn Tully discusses the metric—the…
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How Carvana survived a 99% stock plunge: ‘We’re very comfortable being the underdog’

Carvana was one of the pandemic era’s biggest corporate winners. As consumers embraced online car buying and used-car prices surged, the company became a market darling and a symbol of…
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Trump admin to begin refunding $166B to businesses in wake of Supreme Court decision

Businesses can begin filing for tariff refunds on Monday as the federal government starts unwinding billions of dollars in import duties imposed by the Trump administration under emergency powers, opening…
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U.S. stock futures tumble as Iran refuses Trump’s ‘deal’ and Strait stays shut

Good morning. On Fortune’s radar today: Markets: Optimism fading. Analysis: U.S. Supreme Court may be asked to rule whether Kalshi is an illegal bookmaker. Peace talks on ice as Iran…
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Southeast Asia’s short-term solution to the global energy crunch? Russian crude.

The Middle East conflict, and Iran’s shuttering of the Strait of Hormuz, has thrown the world into its worst energy crisis in decades. Southeast Asia, which relies on the region…
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Cisco’s John Chambers lived through the dot-com crash. He says the AI bubble is harder to navigate

In today’s CEO Daily: Diane Brady interviews John Chambers, who knows bubbles, about the AI boom. The big leadership story: Kalshi and the SCOTUS case that could determine the future…
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Kalshi’s fight over sports betting is hurtling towards the Supreme Court—and the future of gambling is at stake

Prediction markets Kalshi and Polymarket claim to be truth machines that offer insights into everything from elections to interest rates. But they are also something else: Massive sports betting platforms.…
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The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely

Dr Phillip Swagel is an optimist, both by nature and when he looks at the U.S. economy. This fact is perhaps at odds with what one might assume: Swagel is…
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Exclusive: Your delivery robot will now offer the blind real-time, on-the-ground eyes around sidewalk hazards

The delivery robots rolling down your sidewalk have cameras, sensors, and a constant need to dodge whatever is in their path. Think fallen e-scooters, construction zones, and tricky curbs. That…
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Oil Jumps After U.S. Seizes Iran-Linked Vessel as Tehran Halts Ceasefire Talks, U.S. Futures Slide

Global oil prices surged and U.S. stock futures fell sharply Monday after a direct escalation between Washington and Tehran injected fresh volatility into markets, with reports confirming a U.S. seizure…
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Recall reannounced for power banks after charger causes fire on plane, death to 75-year-old woman

A recall affecting more than 400,000 power banks has been reissued after federal regulators reported additional incidents, including a fatal fire and a separate onboard airplane fire. About 429,000 Casely…
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Popular baby food brand hit by ‘criminal act’ as rat poison found in seized jar

Austrian police announced Saturday that a commercially sold baby food product was found to be laced with rat poison. Authorities said the tampered HiPP-brand item may have been sold in…
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Air Canada scraps key US routes as fuel costs surge amid Iran war

Air Canada announced on Friday that the airline is suspending select U.S.-bound flights as jet fuel prices continue to skyrocket in the wake of the Iran war. The cuts, set…
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Feds arrest a Los Angeles woman at LAX on suspicion of helping Iran traffic weapons to Sudan

Federal prosecutors said a 44-year-old Los Angeles woman was arrested Saturday night at Los Angeles International Airport on suspicion of helping Iran traffic weapons to Sudan, which is in its fourth…
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Starting Monday, businesses can claim refunds for Trump’s unconstitutional tariffs. But it will take 60-90 days to get paid

A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday. Importers and…
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Markets shudder as Strait of Hormuz starts resembling a combat zone. ‘We’re prepared to subject you to disabling fire’

Stock futures tumbled and oil prices jumped on Sunday after hopes that the Strait of Hormuz would fully reopen were deflated over the weekend by renewed gunfire. Futures tied to…
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UAE in talks with U.S. for possible financial lifeline, WSJ says

The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported,…
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How cutting one costly habit could save small businesses thousands on fuel: expert

High gas prices continue to squeeze small businesses across the U.S., but cutting one costly habit could help owners save significantly. New data from Ford Pro, the commercial vehicle division…
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US Jobless Claims Rise to Two-Month High, Testing Labor Market Resilience

U.S. jobless claims climbed to their highest level in two months, adding a fresh layer of uncertainty to an otherwise resilient labor market and reinforcing expectations that policymakers will remain…
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Trump says Marines have seized an Iranian-flagged cargo ship that tried to evade blockade after Navy blew a ‘hole in the engineroom’

President Donald Trump said the U.S. forcibly seized an Iranian-flagged cargo ship that tried to get around a naval blockade near the Strait of Hormuz on Sunday, the first such interception since the…
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Canada’s PM says strong U.S. economic ties were a strength but are now a weakness that must be fixed. ‘We have to take care of ourselves’

Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness…
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The explosion of U.S. debt is wiping out the ‘safety premium’ of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns

Soaring U.S. debt is causing Treasury bonds to lose their risk advantage over other securities, making it more expensive to borrow money, the International Monetary Fund warned. Treasuries have long…
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Iran Internal Rift Surfaces as U.S. Signals Firm Control Over Global Shipping Lanes

WASHINGTON — A growing divide in Iran’s leadership is spilling into public view, as U.S. Ambassador to the United Nations Mike Waltz warned Sunday that conflicting signals from Tehran’s civilian…
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Federal government launches broad probe into mysterious disappearances and deaths of top scientists. ‘We haven’t found anything alarming yet’

Energy Secretary Chris Wright confirmed that the federal government is investigating the recent string of top scientists who have mysteriously gone missing or died. In an interview with Fox News…
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Blue Origin launches New Glenn, suffers issue deploying craft

Blue Origin’s flagship New Glenn rocket launched to space on its third flight, reusing a booster for the first time but failing to correctly place the satellite it was carrying…
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Nvidia’s Quantum Bet Catapults Startup CEO to Billionaire Status in Days

Nvidia’s accelerating push into quantum computing has minted a new billionaire almost overnight, underscoring how aggressively capital is flowing into next-generation computing as the AI boom expands beyond classical chips.…
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Humanoid robot runs faster than any person ever has in a half marathon during all-bot race in China

A humanoid robot that won a half-marathon race for robots in Beijing on Sunday ran faster than the human world record in a show of China’s technological leaps. The winner from Honor,…
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Trump can continue building his $400 million White House ballroom, appeals court says after judge tried to block above-ground construction

A federal appeals court is allowing President Donald Trump to continue building a $400 million ballroom at the White House, ruling a day after a lower court judge continued to block above-ground construction on the site…
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Elon Musk bans résumés and cover letters in hiring for his chip team. These are the 3 bullet points he’s looking for instead

It takes hours for some people to craft a résumé and cover letter, listing past experience and accomplishments on a sheet of paper—details your interviewer is likely to ask you…
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The FBI is easing hiring requirements and turning to social media to attract applicants to rebuild workforce depleted by firings and resignations

The FBI and Justice Department are scrambling to rebuild a depleted workforce after a wave of departures over the past year, with leaders easing hiring requirements and accelerating recruitment in ways that…
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Trump sends JD Vance to Pakistan again for more talks with Iran but repeats threats against its infrastructure as Hormuz stays closed

President Donald Trump said U.S. negotiators will head to Pakistan on Monday for another round of talks with Iran, raising hopes of extending a fragile ceasefire set to expire by Wednesday even as Washington…
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Wealth-Tax Momentum Reaches Smaller States as Maine Targets High Earners for New Revenue

The push to raise taxes on top earners is expanding beyond large coastal economies, with Maine emerging as the latest state to pursue higher levies on high-income households. Maine Governor…
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IEA Chief Fatih Birol Pushes Iraq–Turkey Pipeline as Strategic Alternative to Hormuz Oil Transit Risks

A senior global energy official is urging a renewed focus on overland export routes from the Middle East, with International Energy Agency Executive Director Fatih Birol advocating for the expansion…
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American Airlines Rejects Merger Speculation With United, Signals Focus on Standalone Growth Strategy

American Airlines is shutting down speculation around a potential industry mega-merger, with CEO Robert Isom making clear the carrier has no interest in combining with United Airlines, reinforcing a strategy…
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For wealthy buyers, Mar-a-Lago’s security perimeter is Palm Beach’s hottest amenity

Mar-a-Lago has become one of Florida’s buzziest mansions since President Donald Trump purchased the sprawling 62,500-square-foot estate and private club in 1985. Every time the president visits, the cameras follow. …
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Parents are so panicked about the job market they’re paying career coaches $15,000 years before their kids graduate from college

Career coaches often tell college students to start looking for jobs months before turning the tassel. But in an increasingly brutal job market, some parents are planning years ahead of…
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The economist who was terrified of AI just found a rare reason for hope

Alex Imas didn’t arrive at optimism easily. The University of Chicago economist economist occupies an unusual space in being one of the leading researchers on AI’s labor market impact, but…
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‘The current system right now is unsustainable’: top economist sees a crucial crack in the economy

Home healthcare workers make up less than 3% of the total jobs, but KPMG senior economist Matthew Nestler sees reason to pay attention—and reason to be concerned. “The current system…
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U.S. Beef Prices Hit Record High Ahead of Summer Grilling Season as Supply Tightens

WASHINGTON — U.S. beef prices have climbed to record highs heading into the peak summer grilling season, driven by tight cattle supplies, persistent drought impacts, and steady consumer demand, according…
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Howard Lutnick Calls for Review of Trade Deal With Canada and Mexico

WASHINGTON / OTTAWA — U.S. Commerce Secretary Howard Lutnick said Friday that the Trump administration is preparing to revisit the United States–Mexico–Canada Agreement (USMCA), warning that the current trade deal…
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The U.S. has a $282 billion trade surplus you’ve never heard of — and it’s at risk

Last December, U.S. Trade Representative Jamieson Greer declared 2025 the “Year of the Tariff.” His continued leadership can make 2026 the “Year of Digital Trade.” There could be no better…
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Shekel’s Strength Boosts Israelis’ Buying Power While Hitting Israelis Investing in U.S. Markets

The Israeli shekel is again pressing against historic highs, trading just below the NIS 3-per-dollar threshold after briefly breaking through the level for the first time since the mid-1990s, a…
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Jensen Huang bans one-on-one meetings, and Airbnb’s Brian Chesky doesn’t use email—meet the CEOs with unconventional work-life rules

White-collar workers have fallen into the mundane rhythm of office life: checking an endless stream of emails, sitting through a barrage of meetings, and pushing through mental fatigue by week’s…
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The one metric Warren Buffett says can crash the stock market just hit a dizzying new high

In the December 10, 2001 issue of Fortune, Warren Buffett wrote a landmark 7-page article that introduced a crucial market metric that became renowned as the “Buffett Indicator.” The Great…
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The most politically charged World Cup ever puts the U.S. and Iran on a collision course while America co-hosts with neighbors it has tariffed

The World Cup has never been free of politics, yet this year’s event may be in a league of its own. The quadrennial global soccer tournament will be co-hosted for…
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OpenAI Hit by Triple Executive Exit in One Day as Company Pulls Back From Consumer ‘Side Projects’

OpenAI saw three senior leaders depart in a single day Friday, as Chief Executive Sam Altman sharpens the company’s focus on enterprise artificial intelligence and scales back internal experimental initiatives.…
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Tesla Expands Robotaxi Service to Dallas and Houston Ahead of Earnings, Bringing Texas Total to Three Cities

Tesla Inc. (NASDAQ: TSLA) said Saturday it is expanding its robotaxi service to Dallas and Houston, widening its autonomous ride-hailing footprint in Texas ahead of the company’s first-quarter results on…
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Federal Judge Freezes Nexstar–Tegna Deal, Delivering Major Antitrust Win to State AGs

Nexstar Media Group’s proposed $6.2 billion acquisition of Tegna has been halted by a federal judge in California, freezing one of the most closely watched and politically charged broadcast mergers…
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U.S. Residential Foreclosures Rise in First Quarter as Housing Pressures Build, ATTOM Data Shows

IRVINE, Calif. — U.S. residential foreclosure activity rose in the first quarter of 2026, signaling renewed stress in segments of the housing market as higher borrowing costs continue to weigh…
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Air Canada suspends all summer flights to New York’s JFK airport on Iran-surging fuel price

Air Canada will suspend service to New York’s JFK International airport over the summer as the war in Iran creates jet fuel shortages that have sent prices soaring. Canada’s flag…
2026-03-11
