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The Latest Breaking News from Fortune

Something is different about Trump's $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says

During the wars in Iraq and Afghanistan, debt held by the public was around $4 trillion. Now it's $31 trillion, and 15% of the budget pays down interest.

Fortune

Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war's 'hidden target' was the labor market, economist says

“Even if the cease-fire holds, Iran’s most vulnerable people will suffer the long-term consequences of this 40-day conflict.”

Fortune

Exclusive: Adam Silver on winning the Edison Achievement Award: ‘Sports remind us that some of the most important forms of innovation are human’

The NBA commissioner has an unlikely background to lead the league through crises and global expansion, but Adam Silver says executives should get hooped with some sports business know-how.

Fortune

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The bond market would be a big casualty of the U.S. debt crisis, former Treasury secretary says

“We need an emergency break-the-glass plan, which is targeted and short-term, on the shelf, so it’s ready to go when we hit the wall.”

Fortune

Tether extends $127.5 million in funding to crypto platform Drift as critics blast rival Circle for failing to freeze hacked funds

The move brought Tether goodwill among users of the Solana blockchain.

Fortune

Iran and White House say the Strait of Hormuz is ‘completely open.’ But it definitely remains closed—at least for now

Iran remains unwilling to give up its control over the Strait of Hormuz for now.

Fortune

OpenAI’s policy chief says AI companies ‘need to do a much better job’ talking about AI as industry leaders face personal attacks

OpenAI global policy chief Chris Lehane is asking industry leaders to tone down the rhetoric.

Fortune

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The power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage

With unemployment at 4.3% and quits near a multiyear low, employees are absorbing cuts they would have walked out on three years ago.

Fortune

Tourism had a record-breaking 2025 everywhere but the U.S., report finds, as international visitor numbers plummet by the millions

Foreign tourists are big spenders for the U.S. economy. Even a World Cup might not be enough to bring all of them back.

Fortune

Iran has reopened the Strait of Hormuz—but experts say Iran has a card ‘like a nuclear deterrent’

Oil prices plunged 10% on Friday’s announcement, but two veteran energy analysts say the celebration might be premature.

Fortune

Illinois is OpenAI and Anthropic’s latest battleground as state tries to assess liability for catastrophes caused by AI

OpenAI is backing SB 3444, under which frontier AI developers would not be liable for the death or serious injury of 100 or more people or more than $1 billion in property damage.

Fortune

Twitter cofounder Jack Dorsey breaks down his thought process when he laid off 40% of his Block staff because of AI

Jack Dorsey, CEO of Block, laid off 40% of his staff after working out the “minimal number of people” to run his $41 billion fintech company.

Fortune

AI cybersecurity capabilities require urgent international cooperation, ‘AI Godfather’ Yoshua Bengio says

Anthropic’s decision to limit Mythos’s release has raised questions about AI’s concentration of power in the hands of just a few American companies.

Fortune

With Hormuz under strain, a trade corridor built for resilience faces a real-world test

As Iran tensions threaten one of the world's most critical shipping lanes, the India–Middle East–Europe Corridor is being tested as a real alternative.

Fortune

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Meet the crypto guru to the Fortune 500

P2P.org's new CFO Betsabe Botaitis built her career at the intersection of finance and technology.

Fortune

Current price of oil as of April 17, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Roundtables with senior business leaders in San Francisco and New York revealed a consensus: AI isn't just threatening SaaS, but the entire industry.

Fortune

Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows

As part of its 2023 plea deal, the world’s largest crypto exchange agreed to have two separate firms oversee its operations for three years.

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Fortune

If the economy feels even worse for you than inflation data is showing, that might be because childcare isn’t deemed a ‘necessity’

“The cost of childcare obviously impacts labor force decisions, and that in turn impacts labor growth as a whole,” a BofA economist tells Fortune.

Fortune

The world holds its breath: Trump says Iran war will end 'pretty soon' as uranium deal is in sight

Everything you need to know before you reach the office this morning.

Fortune

Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire

The top 1% increased their wealth by nearly $34 trillion over the last decade—enough to eliminate annual poverty 22 times over.

Fortune

The startup Blackstone just backed to turn any exec’s data question into instant answers

Ethan Ding cofounded TextQL in 2022 with Mark Hay, and the startup just closed $17 million in strategic investment led by Blackstone.

Fortune

The first wave of bank earnings shows why 'resilience' is Wall Street's favorite word

Also: All the news and watercooler chat from Fortune.

Fortune

Older millennials are starting to act like boomers in the housing market — and pulling away from the pack

The generation once shut out of homeownership is now using equity to trade up, leaving younger buyers further behind.

Fortune

One man can kill Bill Ackman’s $64 billion bid for Universal Music Group—and no one knows what he’ll do

The $64 billion fight for the label behind Taylor Swift, Drake, and Billie Eilish comes down to a single French billionaire.

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