Finance News

$9.999 and maxed out: California diesel prices overwhelm pump displays as global supply crunch worsens

Diesel prices soar to new record highs with no signs of slowing down anytime soon.

An ex-Anthropic researcher claims AI could kill us all by 2030. But he fails to answer the most essential question: What are we supposed to do about it?

A now viral post by an AI researcher warning about the existential threat posed by the technology is setting off alarms bells.

Anthropic’s new research maps three wildly different futures for the AI economy—and the future of knowledge work

A new interactive tool from the Claude maker ranges from a modest economic boost to mass job losses.

Nasdaq bets big on tokenized stocks with $100 million investment in Kraken parent Payward

The investment reportedly pushes Kraken’s valuation to $21 billion.

‘The global economy as we know it would come to a sudden halt’: Shipping authorities from 18 countries warn of a ‘two-tier’ system imperiling trade

The Consultative Shipping Group said the emergence of shadow fleets have created a split in maritime systems: “one governed by rules, the other by opacity.”

Trump’s $5,000 pledge and the bond market revolt shows it’s a voter bribe — costing every American $8,000

Bill Clinton learned about the bond vigilantes within a week. Donald Trump and Scott Bessent keep refusing to do so.

Trump’s first term had real stimulus checks. His second has promised ones tied to problems he started

The $5,000 pledge follows a DOGE dividend that failed and a tariff rebate that never arrived, both stemming from policies Trump created himself.

Ryanair’s CEO warns travelers that cheap European flights may not last if oil remains above $100 a barrel into next year

Ryanair’s fuel hedge softened the Iran war’s blow, but it still cut its winter flight schedule and anticipates higher ticket costs

Trump’s $5,000 ‘dividend’ is really a $1.15 trillion hole in the deficit, top economist estimates

Penn Wharton's Kent Smetters says the payout, floated at the GOP's midterm convention, could add up to $1.35 trillion to the $40 trillion national debt.

This former Navy SEAL spent 5 years in private equity working 100-hour weeks before quitting and building a $9 billion startup

Dino Mavrookas went from Navy SEAL to private equity before quitting to launch Saronic, now a $9.25 billion firm.

Major Republican donor balks at Trump’s $5,000 ‘bread and circus bribe’ at midterm convention

Trump also acknowledged during his lengthy primetime speech that "midterms are not supposed to be won by the sitting president."

Trump tries to bribe Americans to vote Republican with promise of $5,000 dividend — only if the GOP wins

The payments could cost more than $1 trillion and would require congressional approval, while tariff revenue would fall far short.

Trump’s ‘Big Beautiful Bill’ projected to add a big, unbeautiful $3.4 trillion to the national debt over the next decade

But Americans did get another $350, on average, in their tax refunds this year.

‘South Park’ renamed ‘South America’ in honor of Donald Trump

Apple has relabeled Lake Ontario to “Lake America” for U.S. users of its Maps app, following cartographic competitor Google.

‘Parents see themselves more as a client of the school’: Underperformance in class leads to apathy at home

A 40% non-response rate means the OECD couldn't break out America's worst-ever PISA reading scores by race or income this year.

Microsoft’s move in the AI school debate: controls over how student data gets used

Microsoft will offer AI privacy standards to every school district as Randi Weingarten says OpenAI and Anthropic have "expressed willingness."

My ethical will was supposed to be a simple insurance policy — then we lost our daughter

An ethical will is not a legal document, and it does not replace a traditional estate plan. It complements one by capturing the human side of a legacy.

As the U.S. Treasury shells out $95 billion a month in interest to cover deficits, Trump pitches a $1.3 trillion payout to voters if Republicans win the midterms

For the past 11 months, the CBO reported yesterday, the U.S. Treasury has spent $1.05 trillion servicing national debt—approximately $95 billion every month.

Trump says he’ll give everyone $5,000 if Americans vote Republican—but it’s questionable whether he can deliver on the promise

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

Aflac President: why AI shouldn’t drive your healthcare

Among Gen Z adults, 76% turn to AI before seeing a doctor. Among millennials, it's 63%.

The AI writing debate is eerily similar to the one that rocked ancient Greece 2,700 years ago

Theater scholar Drew Lichtenberg explained the backlash to Euripides, a playwright that people found "creepy and scary, the way people do with AI."

CEO of an automation platform explains how he wrote a 168-page book with AI: ‘It was like a Socratic dialogue’

Also: All the news and watercooler chat from Fortune.

Inside the Bahamas island quietly selling $18 million villas—where the vast majority of the land will never be developed

The owners of Highbourne Cay turned down a luxury brand's resort pitch. They're betting that scarcity is worth more than density.

‘We worry now’: Oil tops $100, diesel hits record highs amid Iran war escalation

Benchmarks for crude oil and diesel hit warning thresholds as the war in the Middle East escalates.

Wealthy parents are buying their kids $75,000 AI schooling with guardrails as schools grapple with a literacy crisis

Alpha School has AI tutor core subjects and afternoons devoted to life skills workshops as schools nationwide face historically low reading scores.

Billionaire Coinbase CEO Brian Armstrong says most charities are ‘net negative’—and that he has no plans to make his own foundation

The crypto billionaire says he has a donor-advised fund but no plans to start a foundation, joining Elon Musk in casting doubt on traditional giving.

Trump’s ‘America First’ national park fees for foreign tourists have raised a quarter of what was promised

The Department of Interior says foreign-tourist fees raised $22.5 million this year, a quarter of what it was supposed to bring in.

Ayala, one of Asia’s oldest conglomerates, wants to keep itself together. Its CEO explains why

Ayala CEO Cezar Consing explains why the 192-year-old Philippine conglomerate is staying together—and demanding more from its businesses.

Europe can still be an industrial powerhouse—but it needs investment

There is growing concern across Europe that industrial decline is inevitable—that the continent has structurally fallen behind Asia in manufacturing, technology, and scale. Beko’s CEO sees it differen

Bayer COO: we stopped assigning sales targets. Our teams aimed higher

With a big redesign, will people still give their best? The answer depends on what you believe about your people.