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Trump’s Economy Faces 4.2% Inflation In 2026 — OECD Says The Fed Is Frozen
The U.S. entered 2026 poised for a rare growth upgrade — until the war in Iran wiped out that momentum, as the Middle East energy shock pushed headline inflation to…
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Inside Meta’s chaotic AI boomtown in rural Louisiana
Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition: With AI focus, Meta lays Off 700 while rewarding top executives…Google’s memory breakthrough deepens chip selloff…Outgoing CEOs…
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Mortgage rates jump as Iran conflict hits housing market
Mortgage rates spiked this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday,…
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How a war in the Middle East is hiking your mortgage rate in America
A war in the Middle East has suddenly made getting a mortgage even more expensive in a U.S. housing market already starved for affordability. Like any global conflict, its repercussions…
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Household cleaning tool recalled after dozens of burn injuries reported
Wagner Spray Tech is recalling about 700,000 power steamers in the U.S., plus roughly 8,000 sold in Canada, after reports the products can overheat and cause burn injuries, according to…
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New York is home to 154 billionaires. Together they’re worth $975.7 billion—and some of them are even making $2 million an hour
The rich have been enjoying unprecedented wealth gains, while workers struggle against sluggish wages and a high cost of living. And the gap is especially stark in one of the…
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30-year-old CEO of $11 billion Harvey earned the backing of OpenAI and Sam Altman. He says you have to ‘re-earn’ your role every 6 months
As fears mount over AI replacing jobs—or workers being outpaced by more AI-savvy peers—standing still has become a liability. For Winston Weinberg, the CEO of AI legal startup Harvey—now valued…
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Duolingo CEO’s taxi driver test decides who gets hired—before the interview even starts
At Duolingo, job interviews start the moment a candidate steps into a car. Luis von Ahn, the billionaire cofounder and CEO of the language-learning app, revealed on Phoebe Gates’ and…
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How badly the war in Iran is impacting your finances depends on where you live
If you are watching the chaos unfurling in the Middle East and thinking, “this doesn’t affect me,” that might be because you live on the West Coast or in a…
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‘Intelligence may be scalable, but accountability is not’: A new report exposes the hidden cost of the AI agent revolution
In Charlie Chaplin’s 1936 film Modern Times, a factory worker struggles to keep pace with an ever-accelerating assembly line — until the machine swallows him whole Nearly 90 years later, Wharton…
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How to watch the Sweet 16 and the Elite 8 of March Madness 2026 for free—and without cable
The Rounds of 64 and 32 delivered their share of drama, but now that the March Madness Sweet 16 has arrived, the stakes couldn’t be higher for anyone still hoping…
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‘The Pitt’ shows an ER getting shut down by a cyberattack that is totally true to life
HBO Max’s enormously popular television series The Pitt is receiving plaudits for its realistic depiction of the trials and tribulations of health care in an urban emergency room. Now in…
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Tom Brady opens up about his health amid GLP-1 surge: Water, movement and discipline
As the market for GLP-1 weight-loss drugs explodes toward a projected $150 billion, NFL legend Tom Brady is stepping into the arena — not to promote a magic pill, but…
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Exclusive: Foreign exchange startup XFX raises $17 million to help businesses go between cash and stablecoins
Exchanging U.S. dollars for Mexican pesos seems simple. But, at large enough scales and high enough speeds, transactions can get complicated, especially if businesses trade in the dollar-pegged digital tokens…
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Exclusive: Blossom Health raises $20 million to bring an AI ‘copilot’ to psychiatry
Blossom Health has raised $20 million in seed and Series A funding to bring an AI “copilot” for psychiatry to patients nationwide, Fortune has exclusively learned. The announcement comes as…
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US Debt Binge: Foreign Investors Scoop Up Treasuries At Near-Record Pace With $34.8 Billion Increase As Japan Leads
Foreign investors are purchasing U.S. government debt at near-record levels, driving total foreign holdings to a staggering $9.3 trillion in January, even as structural cracks emerge in the broader bond…
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The one-person unicorn: Myth, miracle, or the future of startups?
Does the one person unicorn exist? Or is it the startup version of a ‘cryptid,’ a mythical creature that is oft-discussed but may or may not actually exist? I wondered…
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CFOs believe AI is paying off. Researchers aren’t so sure—yet
Good morning. AI is already making workers more productive, but the financial results haven’t yet caught up. “Artificial Intelligence, Productivity, and the Workforce: Evidence from Corporate Executives” is a new…
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America is handing its mRNA lead to China—and RFK Jr. is to blame
The European Medicines Agency just approved a new Moderna mRNA flu vaccine—after clinical data demonstrated strong protection for older adults. In the United States, the same technology is facing a…
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Trump said low-income housing would destroy the suburbs, but ‘soccer moms’ are still abandoning him in droves
A few years ago, Allison Posner was barely involved in politics. Now the 42-year-old mother of two from Maplewood, New Jersey, hands out food and diapers to immigrant families outside…
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Houston airport, with nearly 40% TSA sickout, becomes symbol of America’s broken travel system
George Bush Intercontinental Airport in Houston has become the symbol for how the ongoing partial government shutdown has wreaked havoc on the nation’s air travel system. While long security lines have hobbled airports…
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Meta, YouTube face thousands of cases on whether they harmed children after bellwether cases go against them
Two landmark jury verdicts against social media companies have arrived at the front of a wave of lawsuits alleging that the popular platforms endanger the mental health of children. Financial penalties total…
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Postal Service to hike prices 8% on popular services on rising transportation costs
The U.S. Postal Service is seeking a temporary 8% charge on certain popular products, including Priority Mail, to help blunt the impact of rising transportation costs. USPS filed notice on…
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Iran is already charging a toll, in Yuan, for oil sold through Strait of Hormuz as American ground troops prepare to enter
Iran and the United States hardened their positions as a diplomatic push for a ceasefire in the Middle East war appeared to falter on Thursday. Tehran moved to formalize its control over…
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Gen Zers are flocking to these Midwest housing markets where homes are about 30% cheaper than the coasts
Younger generations are looking to the Midwest for homeownership because of the region’s significantly lower housing costs compared to major coastal cities. Many Midwest metros have median home prices well…
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Rishi Sunak tells CEOs to move fast on AI—or risk landing on the wrong side of the K-shaped economy
In today’s CEO Daily: Fortune‘s executive editorial director for Europe Kamal Ahmed reports on Rishi Sunak’s AI outlook. The big leadership story: Social media faces its Big Tobacco moment. The…
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Maine lobster industry hit by harsh winter, falling catch and rising costs
Maine’s lobster industry is facing mounting pressure after a harsh winter reduced fishing activity, slowed catches and added to rising costs across the sector. The state, the largest lobster producer…
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From ‘Hard Knock Life’ to $2.8 billion, Jay-Z calls billionaire hate ‘a cop-out’ even as 1 in 5 Americans say it’s ‘morally wrong’ to be that rich
From the Marcy Houses to a chart-topping rapper, Jay-Z was minted the first hip-hop billionaire in 2019. Now worth $2.8 billion, according to Forbes, the star is calling out blanket…
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Wall Street bonuses hit an all-time record in 2025—but the outlook for 2026 is already darkening
Wall Street had a banner year in 2025—and the paychecks show it. The securities industry bonus pool reached a record $49.2 billion in 2025, up 9% from the prior year, while the…
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Washington and Silicon Valley have found their common enemy: China
When Silicon Valley executives and federal lawmakers gathered at the Hill and Valley Forum on Tuesday,, a conference designed to bridge the gap between Big Tech and Washington, artificial intelligence…
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Social Security insolvency: How a six-figure cap to flatten benefits for the ultrawealthy could buy the program 7 critical years
Amid the increasingly damning reports on the rising threat of America’s runaway deficits and debt, the looming disaster that could upend the lifestyle of tens of millions of elderly Americans…
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What is tech addiction? A court ruling makes it Big Tech’s next big problem
If you, like many of us, spend most of your waking hours staring at screens—shuttling between work email, TikTok, YouTube, and group chats—you’ve probably wondered, at least half-jokingly, whether you’re…
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Meta’s $27 billion AI data center is causing chaos in small town Louisiana
On a recent morning, the AI boom in Richland Parish, a rural county in northeast Louisiana, could be measured in tacos. Tim and Lindsey Allen were preparing over 1,600 of…
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Vail Resorts CEO says it’s time to think beyond the $1,000 ski pass that helped build the empire
The ski season of 2025–26 is winding down—and it was a tough one for Vail Resorts, the world’s largest operator of ski hills. With snowfall 60% below normal for the…
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The world’s consumers are ready for robotaxis. James Peng of Pony AI wants to make sure they’re riding in his
James Peng, cofounder and CEO of Chinese robotaxi startup Pony AI, was reviewing customer data with his team, and he was facing a puzzle. Every day, one of his users…
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Trump slams Supreme Court justices he appointed as ‘bad for our country’ after tariff ruling
President Donald Trump blasted two Supreme Court justices that he appointed as “bad for our country” after they sided with the majority in a ruling that undercut his tariff agenda.…
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Federal judge dismisses lawsuit claiming Fanatics, pro sports leagues monopolized trading card industry
A class action lawsuit filed against Fanatics, the NFL, NBA, MLB, their respective players associations and OneTeam, which serves as the commercial vehicle for the players associations, was dismissed by…
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Dr. Oz warns foreign nationals may be tied to US hospice fraud, points to LA as hotspot
Networks of foreign nationals may be linked to U.S. hospice fraud, Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz warned Wednesday in a FOX Business special, pointing to…
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Social media trial verdict: What happens now, how much will tech giants really pay?
A $6 million verdict against Meta and Google in a closely watched social media addiction trial may signal the start of a far broader legal threat for the tech giants.…
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Postal Service to implement first-ever fuel surcharge amid mounting fuel costs, financial challenges
The U.S. Postal Service is reportedly planning to impose a fuel surcharge on package deliveries for the first time in the agency’s history amid surging fuel costs. The Wall Street Journal…
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The White House snubs Elon Musk’s offer to cover TSA salaries as airport miseries hit record levels
The White House has rejected an offer from Elon Musk to personally fund TSA workers’ salaries during the partial government shutdown that has thrown airport security into chaos across the…
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It’s time for slavery reparations, ‘the gravest crime against humanity,’ UN General Assembly says
The U.N. General Assembly on Wednesday adopted a resolution declaring the trafficking of enslaved Africans “the gravest crime against humanity” and calling for reparations as “a concrete step towards remedying…
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Enter Melania Trump, escorted by humanoid robot: ‘I’m Figure 03, a humanoid built for the United States of America’
Melania Trump often commands the attention of any room she enters but all eyes — and cameras — were trained on her humanoid companion on Wednesday. The robot accompanied the first…
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Lyft to launch nationwide fuel savings program as drivers feel pinch from rising gas prices
Lyft is rolling out a temporary relief plan for its drivers across the U.S. as rising gas prices continue to cut into earnings. The company announced Wednesday that the 60-day…
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‘We do not plan on any negotiations’: Iran laughs at White House’s claims of cease-fire talks
Iran on Wednesday dismissed an American plan to pause the war in the Middle East and launched more attacks on Israel and Gulf Arab countries, including an assault that sparked a huge…
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Bernie Sanders and AOC launch bill to ban new data-center construction
Two high-profile progressive lawmakers are introducing a bill Wednesday that would pause new data centers in the United States until national safeguards are in place to protect workers and consumers…
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Meet the 40-year-old Democrat who owns a fitness company for pregnant and postpartum women and just won in Trump’s district
After a surprise victory in a Florida special election, Emily Gregory said she’s excited to represent all of her constituents — and that includes President Donald Trump. “I would love to have…
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New proposal would cap Social Security benefits at $100K for wealthy couples
Social Security is facing the threat of insolvency in less than a decade and a new proposal would cap the amount of Social Security benefits that a couple could receive…
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A court just ruled that tech addiction is real—and dangerous. It could be Meta and YouTube’s Big Tobacco moment
A Los Angeles jury has sided with a young woman known as Kaley or KGM in a landmark case, ruling that the “addictive design” of Instagram, Facebook, and YouTube helped…
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