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The housing market has been frozen for 3 years. Here’s why this spring could finally change that
For three years, the U.S. housing market hasn’t been in decline, it’s been at a standstill. High mortgage rates and historically low inventory pushed prospective buyers to the sidelines, waiting,…
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Gen Z workers are so fearful AI will take their job they’re intentionally sabotaging their company’s AI rollout
AI’s capabilities are growing more sophisticated by the day, and business leaders are rushing to adopt the technology to remain competitive. But one obstacle to AI adoption is catching companies…
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China is going after fake expert influencers, and the FTC’s new five-year plan seems to lay the same groundwork
Do you get health tips on social media? Maybe finance help or some self-education? Have you seen the fictional “Oxford Study” about Asian women and white men, or the hashtags…
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A new economic iron curtain is falling across America as trillions in wealth flee to the ‘Boom Belt’
A new economic iron curtain is falling across America as the “Boom Belt” — an 11-state powerhouse in the U.S. Southeast — shatters records and challenges the traditional financial dominance…
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Ford seeks Trump aluminum tariff relief after fires at major US factory, report says
Ford Motor and other U.S. automakers have asked for relief from aluminum tariffs after fires at a major American factory created supply bottlenecks for vehicles, though the Trump administration so…
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Donald Trump Jr. says ‘the biggest names’ think Europe is a ‘disaster’ that needs to be fixed
Donald Trump Jr. lashed out at the European Union on Tuesday, saying its liberal policies were discouraging investment and predicted a “major fracture” between the bloc’s eastern and western member states. The eldest…
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Current price of oil as of April 8, 2026
At 8:40 a.m. Eastern Time today, the price of oil sits at $93.76 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of…
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Why Oracle’s new CFO Hilary Maxson is key to its AI ambitions
Good morning. Hilary Maxson is stepping into the CFO role at Oracle at a pivotal—and risky—moment. As the company invests heavily in AI infrastructure to keep pace with other hyperscalers,…
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What do you do when your AI agent hallucinates with your money?
Imagine you tell an AI agent to convert $10,000 in U.S. dollars to Canadian dollars by end of day. The agent executes — badly. It misreads parameters, makes an unauthorized…
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Who owns ideas in the AI age?
Can you ever really own an idea? The publishers, music producers, and film directors who make up the creative economy would say yes — as would many of the artists…
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Trump’s ceasefire gives Iran control of the Strait of Hormuz—and Mojtaba Khamenei is reportedly alive
Good morning. On Fortune’s radar today: Markets: Oh happy day. Trump’s ceasefire gives Iran control of Hormuz. Supermicro launches probe into cofounder’s Nvidia chip-smuggling arrest. Project Glasswing: Anthropic’s new anti-hacker…
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A year in the life at HP: what matters to its Northern European chief in April 2026?
As a business founded in 1939, HP is no stranger to wartime turbulence and geopolitical volatility. But the recent conflicts and their resulting economic uncertainty pose challenges for every business. In this first installment…
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Bill Ackman channels Warren Buffett with his $64 billion bid for Universal Music Group
In today’s CEO Daily: Diane Brady examines Bill Ackman’s effort to build a modern-day Berkshire— without the folksy charm. The big leadership story: Anthropic is giving companies an early look…
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A16z-backed Infinite Machine is building e-bikes that feel like mopeds. Cyclists may have some qualms
This was not the e-bike ride I was expecting. Last week, in Queens, I met up with Infinite Machine CEO Joseph Cohen at his startup’s new vibey office space in…
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Asian stocks rally after Trump’s Iran ceasefire and ‘immediate’ Hormuz opening—even as it remains unclear how open the strait actually is
Asian markets surged Wednesday morning as investors welcomed a two-week ceasefire between the U.S. and Iran, even if details of what the temporary truce means for transit through the strategic…
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US workers increasingly trapped in the ‘Great Detachment’ as hiring slows, report shows
A new report from Gallup finds that U.S. workers are less optimistic about the job climate and their level of engagement with their current jobs has remained relatively flat. Gallup…
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AI is capable of remarkable feats. And has the power to kill. Meet one woman warning about the dangers ahead
The birth of ‘gunpowder warfare’ can be traced back to the 15th century and the invention of the matchlock gun, the first mechanical firing device. Now drone swarms attack across…
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Supermicro launches internal probe after cofounder’s arrest on charges of $2.5 billion in chip smuggling
Two Supermicro board members are spearheading an internal investigation following a federal indictment alleging one of the company’s cofounders orchestrated the routing of $2.5 billion in servers packed with Nvidia’s…
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Trump agrees 2-week ceasefire, says Iran has proposed a ‘workable’ 10-point peace plan
U.S. President Donald Trump said late Tuesday he’s pulling back on his threats to launch devastating strikes on Iran, swerving to deescalate the war less than two hours before the…
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Jamie Dimon warns of growing crypto competition in annual letter: ‘We need to roll out our own blockchain technology’
JPMorgan CEO Jamie Dimon has long been among the crypto sector’s most notable skeptics. Dimon vowed in 2017 to fire any JPMorgan trader who traded bitcoin and has called the…
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LARRY KUDLOW: A bad deal today would mean a bigger war tomorrow
As a strong supporter of our great military’s Operation Epic Fury, and someone who has great faith in President Trump and his judgement, I do feel obliged to weigh in…
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Ford recalls over 422,000 vehicles over windshield wiper issue
Ford is recalling more than 422,000 vehicles in the U.S. over a windshield wiper failure, federal regulators said on Tuesday. The recall includes Lincoln Navigator and Ford Expedition SUVs, as…
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Markets cheer as Trump says he’s in ‘heated negotiations’ over a new Pakistani two-week ceasefire plan
President Donald Trump said he was in “heated negotiations” to extend his self-imposed 8 p.m. Tuesday deadline for Iran to reopen the Strait of Hormuz after the Pakistani prime minister…
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Goldman Sachs completes Innovator Capital acquisition, lifting ETF assets to $90B
Goldman Sachs said on Thursday it has completed the acquisition of active exchange-traded fund provider Innovator Capital Management, expanding the Wall Street bank’s presence in the fast-growing active ETF segment.…
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2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
The gold standard may have ended in the early 1970s, but something else quietly took its place for the next 50 years: oil. The so-called “petrodollar” system wasn’t well understood…
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BlackRock files for Nasdaq-100 fund, expanding competition with Invesco
BlackRock has filed for an exchange-traded fund that will track the Nasdaq-100, in a challenge to Invesco’s dominance in a market where only a handful of funds directly follow the…
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Bill Ackman’s $64 billion Universal Music play is part of his strategy to become the next Warren Buffett
Billionaire investor Bill Ackman’s hedge fund, Pershing Square Capital, is planning to buy Universal Music Group (UMG), the world’s largest music group, which represents artists including Taylor Swift, Bad Bunny,…
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Aspire built a financial stack used by 50,000 firms. Now it’s coming to the U.S. to take on Ramp and Mercury
The business of corporate credit cards is intensely competitive as U.S. startups like Ramp, Brex, and Rho challenge incumbents like American Express and SAP Concur. Now, a new player is…
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A councilmember backed a data center project. Then 13 bullets and a ‘No Data Centers’ note hit his home
As backlash to AI infrastructure intensifies nationwide, it just turned violent in Indianapolis. Ron Gibson, a city-county councilmember, woke up just before 1AM on Monday to find 13 bullet holes…
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Doritos prices jumped 50% in four years and PepsiCo waited until it lost billions to do anything about it
The skyrocketing price of Doritos, Lay’s, and Cheetos have pushed away cash-strapped consumers and have cost Frito-Lay billions. The company is slashing prices to course correct, but its efforts may…
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Only one in five workers feel like their jobs are safe—manufacturers, warehouse workers, and women are the most worried
The labor market is growing more uncertain: Companies are laying off staffers in droves, job openings have screeched to a halt, and unemployment has been ticking up. It’s left very…
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Trump, the $39 trillion national debt, rosy growth assumptions, and the question of ‘a sustainable path’
President Trump’s fiscal year 2027 budget is built on a single, load-bearing bet: that the U.S. economy can grow at 3% annually for the next decade. The White House says…
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The AI trade is over. Top Wall Street analysts say the AI opportunity might be just starting
The crash that was widely predicted just last summer hasn’t arrived yet. There was no single day when the AI stock market euphoria buckled, no Lehman moment, no front-page meltdown.…
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Used car prices hit their highest level in nearly 3 years as wholesale demand stays strong
American consumers who are in the market for used cars are facing the highest prices in nearly three years, according to a new report. Wholesale prices for used vehicles rose…
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Anthropic is giving companies, including Amazon, Apple, and Microsoft, access to its unreleased Claude Mythos model to prepare cybersecurity defense
Anthropic is giving a group of Big Tech and cybersecurity firms access to a preview version of Claude Mythos—its unreleased and most advanced AI model—in an attempt to bolster cybersecurity…
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OpenAI is a drama company. Will that hurt its IPO chances? And Anthropic tries to get ahead of the cyber risks its own models are accelerating
Hello and welcome to Eye on AI. In this edition…lots and lots of OpenAI news…Anthropic secures more compute from Google as its current capacity is strained…Google DeepMind releases its latest…
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The megamanager era: AI is doubling bosses’ workloads—and the costs are just beginning to show
The average American manager now oversees 12 direct reports, and the data suggest AI is both the cause and the justification for this quiet but seismic shift in how the…
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Americans paying less as Trump drug pricing push slashes GLP-1, fertility medicine costs, official says
Falling prescription drug costs are emerging as a key development in the broader push to rein in U.S. health care spending, with new pricing shifts beginning to show up at…
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Jamie Dimon says New York, other cities face worker ‘exodus’ as lawmakers push higher taxes
JPMorgan Chase CEO Jamie Dimon warned that New York City and other cities with high taxes and regulatory burdens run the risk of losing businesses and workers to locales with…
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Iranians begin forming human chains around power plants ahead of Trump’s deadline, social media videos show
As President Donald Trump’s 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz approached Tuesday, Iran’s government asked its citizens to do something for its country: go…
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Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we’re already in one
Economists have spent months debating if a recession is on the horizon. One economic indicator predicts most of those arguments are already moot. Mark Zandi, the top economist at Moody’s…
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Sam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans
When Vinod Khosla sat down with Fortune editor-in-chief Alyson Shontell in March and floated the idea of wiping out federal income taxes for the roughly 100 million-plus Americans earning less…
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Where gas prices are rising the fastest as Trump’s Iran deadline looms
As President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz looms, gas prices are continuing to climb nationwide as the conflict drives up crude oil costs. The…
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Lowe’s CEO warns AI can’t climb a ladder as company makes $250M bet on blue-collar future
While Silicon Valley spends billions trying to teach robots how to think, home improvement giant Lowe’s is putting its money on Americans who know how to build. As artificial intelligence…
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Associated Press starts offering buyouts to newspaper journalists amid wider AI transformation of the industry
The Associated Press, one of the world’s oldest and most influential news organizations, said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of…
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Billionaire NASA chief who’s been to space twice says critics of billionaire space travel are ‘outright wrong’
The billionaire leader of NASA, who has gone to space twice, has a message for critics of billionaire space travel: You’re “outright wrong.” As the crew of Artemis II embarked…
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So… what are we doing with AI? Innovating in an age of caution
It is a situation many CEOs are familiar with. Seated at that most intimidating of tables, fixed by the steely glare of their board members, faced with the question: “So…what…
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Artemis II’s astronauts are on their way home—a six-figure salary but no overtime or hazard pay awaits them back on Earth
All eyes were on the Artemis II astronauts yesterday as they made history looping around the far side of the moon and traveling further into space than any humans ever.…
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Trump’s dire warning to Iran: ‘A whole civilization will die tonight, never to be brought back again’
President Donald Trump posted a dire warning on Truth Social Tuesday morning that Iran—one of the oldest civilizations on Earth, a country of 90 million people—may be destroyed within hours.…
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TE Connectivity CEO: the real promise of AI is long-term transformation, not short-term efficiency gains
Industrial engineering organizations see more than promise in AI technology — they’re starting to see results. According to the 2026 TE Connectivity Industrial Technology Index, more than 80% of industrial…
2026-03-11