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USPS halts pension contributions after warning of looming cash crisis
The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing a looming cash shortfall, the agency announced Thursday. The move, which affects the Federal Employees…
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The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
The problem with an increasing debt burden is that it costs more to maintain it: This is precisely the issue with which the U.S. Treasury is wrangling at present. As…
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The world’s 500 richest people made more than a quarter trillion yesterday as volatile markets react to fragile Iran war ceasefire
Wall Street traders saw a huge surge yesterday, and the world’s wealthiest billionaires had their best day in nearly a year, after President Donald Trump took back his threat that…
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Property tax burden on Americans climbs as home values dip, new data shows
American homeowners around the country are feeling the squeeze of higher property taxes, with new data showing that the property tax burden rose last year. Data from analytics firm ATTOM…
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LARRY KUDLOW: Low taxes are making the American middle class richer
Let’s take a break from the war and follow up on an important economic story, and that is the continued mobility of the great American middle class. There’s a lot…
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Fanatics and AT&T announce exclusive multi-year partnership to connect more fans to sports moments
AT&T has become the “Office Connectivity Provider of the Fan,” as it partnered with Fanatics, the global sports platform, on an exclusive multi-year partnership on Wednesday. Fanatics and AT&T will…
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JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
No worker, from front-line employee to CEO, is immune to the end-of-week brain fog that comes after a string of intense days on the job. Over the course of his…
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Only five ships crossed the Strait of Hormuz Thursday, far below Iran’s pledge as negotiations begin
Only five ships moved through the Strait of Hormuz on April 9 during the ceasefire agreement between Iran and the U.S. and Israel, according to S&P Global Market Intelligence data.…
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Famous holdout home next to Augusta National stays in family as 2026 Masters kicks off
Augusta National Golf Club, home of the prestigious Masters Tournament, has spent years and more than $200 million expanding its footprint in Augusta, Georgia. The club is buying up hundreds…
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Do turmeric supplements really treat pain, boost mood, and improve allergies? Experts say they work best for 2 conditions
Americans spend around $50 billion a year on vitamins and supplements. One of the most popular is turmeric, a bright orange root that has its origins in both traditional Eastern…
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‘I hate working 5 days’: Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031
Zoom ushered in the remote era—cutting commutes, reshaping office culture, and giving millions of workers more control over their schedules. Now, as artificial intelligence begins to redefine productivity standards, Zoom’s…
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Levi’s 517 jeans sales jump 25% thanks to ‘Love Story’ and the Carolyn Bessette Kennedy effect
After spending about a month in the red, shares of Levi Strauss jumped back into positive territory for the year yesterday, following a strong earnings report that also noted a major milestone:…
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FCC chairman climbs 2,000-foot cell tower to spotlight one of America’s toughest trades
Sky-high salaries are drawing new attention to one of the country’s most overlooked blue-collar jobs, as demand surges for workers willing to scale America’s communications infrastructure. Federal Communications Commission Chairman…
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Mortgage rates fall for first time in weeks after US-Iran ceasefire
Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market…
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Even Nvidia’s own research teams can’t get enough GPUs amid the race for AI computing power
Welcome to Eye on AI, with AI reporter Sharon Goldman. The pro-Iran meme machine trolling Trump with AI Lego cartoons…Amazon’s Andy Jassy defends Amazon’s $200 billion spending spree…OpenAI pauses Stargate…
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Americans hate the economy so much, they’re buying $22 smoothies
Americans are skipping restaurant dinners, delaying car purchases and scouring for grocery deals. Amid tariff anxiety and broader stress over affordability, consumer confidence has dropped to levels not seen in…
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Jet fuel supply disruptions are comparable to 9/11 and could take months to replenish even if Hormuz Strait is reopening, airline trade group warns
The Iran war caused oil prices to skyrocket by up to 70% in just weeks, but it will take a matter of months before jet fuel prices return to their…
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A global food emergency: Why the closed Strait of Hormuz puts half the world’s calories at risk
The global energy crisis caused by the closure of the Strait of Hormuz is only the beginning of the economic cost of the war with Iran. I study how institutions…
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You’re looking at the AI revolution all wrong, top economist says: 40% unemployment and a 3-day work week are the same thing
The artificial intelligence debate has a framing problem, and one of America’s most prominent economists has an idea about how to fix it. “The first thing that people think about…
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Mark Cuban admits he made a mistake letting go of the Mavericks: ‘I don’t regret selling. I regret who I sold to’
Mark Cuban built his nearly $10 billion fortune on bold bets. The former Shark Tank star and founder of Cost Plus Drugs bought the Dallas Mavericks in January 2000 for…
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Hormuz traffic still blocked as Iran tries to formalize control
Ship traffic through the Strait of Hormuz remained blocked Thursday, even as a handful of Chinese vessels lined up to escape, with a very fragile ceasefire between the US and…
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‘This utter lack of communication and consultation flies in the face of federal law’: states push against immigration detention plans
Homeland Security Secretary Markwayne Mullin is reviewing a plan to transform warehouses across the U.S. into detention facilities for tens of thousands of immigrants. So far immigration officials have spent a total of $1.074…
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Deutsche Bank says China is energy ‘winner’ in age of war
As war injects extreme volatility into oil and gas markets, the global race for energy security is making China stronger, according to Jacky Tang, emerging markets chief investment officer at…
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Amazon disrupting itself, rebuilding customer shopping experience around AI from ground up
Amazon is signaling a major shift in how it plans to serve customers, starting with rewriting parts of its own playbook. CEO Andy Jassy released his annual letter to shareholders…
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Major US city offers cash incentives to spark growth, attract newcomers
A Detroit coalition is rolling out cash incentives of up to $15,000 to attract new residents and retain current ones, as part of a broader push to spur economic growth…
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Trump’s 2027 budget gambles on rosy assumptions—and if they don’t pan out, America edges closer to a fiscal crisis driven by runaway interest costs
America’s long-term budget outlook just got a lot scarier. If the bond vigilantes are already circling, and if they’re looking for more reasons to dump U.S. bonds and push Treasury…
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A Meta employee created a dashboard so coworkers can compete to be the company’s No. 1 AI token user—and Zuckerberg doesn’t even rank in the top 250
Ever wondered how productive your coworkers actually are? Meta employees don’t have to guess. A Meta employee independently created a leaderboard that tracked how many tokens—the basic units of data…
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Trump’s ‘cease-fire’ won’t stop Iranian hackers for long, cyber experts say
Hackers backing Tehran say an uncertain ceasefire between Iran and the United States and Israel won’t end their retaliatory cyberattacks, a warning that American cybersecurity experts say potential targets in the U.S. and…
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Nutella jumps on the best product placement money can’t buy: a trip to the far side of the moon
Between faulty Outlook headaches and a faulty toilet on the fritz that releases… well gas into the air, the astronauts aboard NASA’s Artemis II mission may be feeling a little…
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The cease-fire that wasn’t: Here’s why Trump and Iran never really agreed to the same terms
A tenuous ceasefire deal in the Iran war allowing negotiations for a longer-term peace between the United States and Iran appears to be in jeopardy after Tehran accused the Trump administration of major violations.…
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Claudia Sheinbaum wants Mexico to start fracking to get away from Trump’s natural gas. But she won’t call it that
Mexican President Claudia Sheinbaum on Wednesday announced plans to tap into unconventional natural gas deposits in an effort to lower her country’s reliance on foreign energy at a time when the Iran war is…
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Is grocery relief a myth? Why coffee and beef prices are erasing your savings at the checkout
Americans are facing a tale of two grocery lists. While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are…
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Data centers are destroying states’ clean energy dreams
Nevada’s largest utility says it will need three times the electricity required to power Las Vegas just to handle proposed data centers — and it probably can’t do that without…
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A serial killer stalked Long Island’s Gilgo Beach for 30 years. A blank-faced 62-year-old architect just pleaded guilty
A Long Island man who carried out a series of murders known as the Gilgo Beach killings pleaded guilty to murder charges this week, bringing finality to the long-unsolved case more than 30 years…
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AI-savvy pro-Iran groups troll America with Lego Movie-style propaganda videos mocking American failure
Pro-Iran groups have used artificial intelligence to create slick internet memes in English to try to shape the narrative during the war against the U.S. and Israel and foster opposition to it.…
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Democrats begin to realize that an illegal war and a threat of genocide are grounds for Trump’s removal
President Donald Trump’s threats to wipe out Iran, “a whole civilization,” ended the restraint that Democrats have mostly practiced when it comes to questions of removing him from office in his second term.…
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First, Iran and Hormuz, second, China and Taiwan? The dangerous implications of a tollbooth on the open sea
To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to…
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The white-collar jobs most exposed to AI, according to Anthropic’s own data
Good morning. Anthropic’s recent study mapping AI’s reach across hundreds of occupations continues to raise fresh concerns about the future of white-collar work. Economists Maxim Massenkoff and Peter McCrory analyzed…
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Iran closes strait, challenges U.S. to rein in Israel: ‘the world is watching whether it will act on its commitments’
A ceasefire deal to pause the war in Iran appeared to hang by a thread Wednesday after the Islamic Republic closed the Strait of Hormuz again in response to Israeli attacks in Lebanon. The…
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Trump and Iran both claim they have a cease-fire. They don’t agree on what they agreed to
A tentative ceasefire in the Iran war staggered Thursday under the weight of Israel’s intense bombardment of Beirut, Tehran’s continued chokehold on the Strait of Hormuz, and uncertainty over whether…
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Oil climbs back toward $100 a barrel, stock futures fall as Wall Street digests botched cease-fire
Oil prices skipped higher early Thursday and Wall Street veered toward modest losses on skepticism over a fragile and muddled ceasefire deal between the U.S. and Iran. Futures for the…
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European far-right loved Trump for years until he went to war next door in Iran
When President Donald Trump returned to the White House last year, he was eager to pick up where he left off by strengthening ties with Europe’s right wing. But now…
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U.S. just had its hottest March ever, in records dating back 132 years
March’s persistent unseasonable heat was so intense that the continental United States registered its most abnormally hot month in 132 years of records, according to federal weather data. And the next year or so…
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The 2026 Masters winner will earn 113 times more than the first champion did in 1934
Masters winners can earn millions of dollars for placing at the iconic golf tournament. That’s much more than the original $1,500 prize for the winner of the inaugural tournament in…
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‘Every time you see that power bill, you’re just sick’: Meet a West Virginian whose $900 electric charge is more than her fixed income
Every month, Rebecca Michalski takes a deep breath before opening her electric bill. She lives on a fixed income, and heating her small house this winter has been staggering: Her…
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‘In rural, urban, red, blue, Democrats have overperformed everywhere’: GOP wakes up to freight train heading their way
The bluntest assessment of Republican failures during this week’s elections in Wisconsin came from one of their own. “We got our butts kicked,” said U.S. Rep. Tom Tiffany, who is…
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US economy grew at 0.5% in fourth quarter
This story about the fourth-quarter GDP report is developing and will be updated with more details. The U.S. economy grew at a slightly slower pace than expected in the fourth quarter,…
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Fed’s favored inflation gauge remained elevated in February, delayed report shows
This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in February as consumers continued…
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5 common mistakes that could be costing American taxpayers thousands of dollars every year
Tax season is closing in on the April 15 deadline to file your return or request an extension and a new report details some common mistakes that Americans are making…
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Why CEO Michelle Gass is thriving at Levi’s after stumbling at Kohl’s
In today’s CEO Daily: Fortune’s Phil Wahba interviews Levi’s CEO Michelle Gass. The big leadership story: Energy experts fret over the outcome of the Iran ceasefire. The markets: Down globally…
2026-03-11