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Trump admin deferring $1 billion-plus Medicaid payments to California and Minnesota amid ‘suspected fraud’
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Trump admin deferring $1 billion-plus Medicaid payments to California and Minnesota amid ‘suspected fraud’

Health Secretary Robert F. Kennedy Jr. says the deferrals are part of a strategy to 'stop the fraud before it happens'.

fortune.com · Jul 22, 2026 · 1 min read
As Washington panics about Chinese AI, Jensen Huang says open-source models like Kimi are ‘excellent’ and should be embraced, not banned
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As Washington panics about Chinese AI, Jensen Huang says open-source models like Kimi are ‘excellent’ and should be embraced, not banned

The Nvidia CEO said open source AI models could fuel more demand for chips and data centers.

fortune.com · Jul 22, 2026 · 1 min read
John Paulson says we are in the early stages of a long-term bull market for gold
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John Paulson says we are in the early stages of a long-term bull market for gold

He said demand for bullion continues to broaden, led by central banks that have been adding to their reserves alongside growing private-sector interest.

cnbc.com · Jul 22, 2026 · 1 min read
OpenAI’s rogue hacking incident was a warning shot. Will it be a wake-up call to finally create AI safety regulation?
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OpenAI’s rogue hacking incident was a warning shot. Will it be a wake-up call to finally create AI safety regulation?

AI policy experts and safety researchers call the AI agents' attack on Hugging Face "a wake up call."

fortune.com · Jul 22, 2026 · 1 min read
A new group of stocks is transforming global equities markets. Meet ‘Memi,’ the $3 trillion sector fueled by AI’s insatiable hunger for memory chips
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A new group of stocks is transforming global equities markets. Meet ‘Memi,’ the $3 trillion sector fueled by AI’s insatiable hunger for memory chips

Micron Technology, SK Hynix, and Samsung hit $1 trillion or more in market cap this year due to surging demand for memory chips.

fortune.com · Jul 22, 2026 · 1 min read
OpenAI’s models went rogue and hacked Hugging Face. It’s a wake-up call, experts say, but more concerning behavior may be next
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OpenAI’s models went rogue and hacked Hugging Face. It’s a wake-up call, experts say, but more concerning behavior may be next

AI safety researchers warn that smarter models are getting better at gaming the system to get what they want—and could start hiding their intentions.

fortune.com · Jul 22, 2026 · 1 min read
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

The Treasury Secretary says he hasn’t been to Fort Knox, but said all $600 billion in gold there is “present and accounted for.”

fortune.com · Jul 22, 2026 · 1 min read
Fired an hour after being sworn in, former Seattle U.S. attorney sues Trump administration
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Fired an hour after being sworn in, former Seattle U.S. attorney sues Trump administration

The lawsuit says Roger Rogoff’s firing was unconstitutional and asks a court to void it and temporarily restore him as U.S. attorney.

fortune.com · Jul 22, 2026 · 1 min read
Northrop Grumman launches private robot mission to strap jetpacks on aging satellites
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Northrop Grumman launches private robot mission to strap jetpacks on aging satellites

A two-armed space robot launched to attach life-extending jetpacks to aging satellites, helping keep spacecraft operating longer.

fortune.com · Jul 22, 2026 · 1 min read
Trump approves Saudi nuclear deal that could allow uranium enrichment as U.S. wages war to end Tehran’s program
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Trump approves Saudi nuclear deal that could allow uranium enrichment as U.S. wages war to end Tehran’s program

The 30-year agreement would let the kingdom enrich its own uranium—a capability nonproliferation experts warn could open a path to weapons.

fortune.com · Jul 22, 2026 · 1 min read
‘The man who dies rich dies disgraced’: The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
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‘The man who dies rich dies disgraced’: The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away

Peter Thiel has called the Giving Pledge an "Epstein-adjacent fake boomer club," but even that Gates and Buffett initiative fails Carnegie's test.

fortune.com · Jul 22, 2026 · 1 min read
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

A new Fed measure shows just 22% of adults under 35 actually own their home—not the 37% that the headline number suggests.

fortune.com · Jul 22, 2026 · 1 min read
Google’s founders are snapping up Miami mansions, as billionaires flee California’s proposed tax—and the company is buying office space to accommodate
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Google’s founders are snapping up Miami mansions, as billionaires flee California’s proposed tax—and the company is buying office space to accommodate

Larry Page and Sergey Brin now own around $225 million in Miami real estate, and other billionaires are bringing their companies to the coastal region.

fortune.com · Jul 22, 2026 · 1 min read
Blackstone president Jon Gray tells Gen Z to think like founders at work—but a growing number are skipping the corporate ladder to become one for real
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Blackstone president Jon Gray tells Gen Z to think like founders at work—but a growing number are skipping the corporate ladder to become one for real

If Gen Z wants to climb the corporate ladder, they should view every job like they’re working at a startup, according to Blackstone President Jon Gray.

fortune.com · Jul 22, 2026 · 1 min read
Trump said Australia’s system ‘worked out very well’ with $200,000 saved by 67 — so why didn’t he apply that model to Trump Accounts?
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Trump said Australia’s system ‘worked out very well’ with $200,000 saved by 67 — so why didn’t he apply that model to Trump Accounts?

Australia's mandatory 12% employer contributions built that balance over a working lifetime. Trump's newborn accounts rely on a one-time $1,000 deposit.

fortune.com · Jul 22, 2026 · 1 min read
Trump’s third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures
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Trump’s third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures

Booed at the World Cup, buried in the polls — Trump's tariff clock runs out Friday, but he never retreats, only finds a new distraction.

fortune.com · Jul 22, 2026 · 1 min read
We got California to intervene about OpenAI’s corporate switch from nonprofit status. It’s time for the SEC to come to the table
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We got California to intervene about OpenAI’s corporate switch from nonprofit status. It’s time for the SEC to come to the table

A little-known Class N share lets the nonprofit Foundation control OpenAI's board even if it sells its 26% equity stake, raising fresh SEC questions.

fortune.com · Jul 22, 2026 · 1 min read
Beyond SpaceX: Why great IPOs depend on more than first-day demand
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Beyond SpaceX: Why great IPOs depend on more than first-day demand

A Fortune report looks at the rules pros use to separate trillion‑dollar hype from durable public‑market returns.

fortune.com · Jul 22, 2026 · 1 min read
Manpower President: The future of work question that even CEOs can’t answer
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Manpower President: The future of work question that even CEOs can’t answer

AI isn't coming for our jobs. It's coming to our jobs. We see data scientist demand jumping and 73% of employers still can't find skilled talent.

fortune.com · Jul 22, 2026 · 1 min read
Confessions of an award-winning AI memoirist — the ‘slop’ debate isn’t really about good writing, and you know it
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Confessions of an award-winning AI memoirist — the ‘slop’ debate isn’t really about good writing, and you know it

Publishers pack AI workshops, then use it internally, all while punishing authors who dare to do the same. The double standard has to stop.

fortune.com · Jul 22, 2026 · 1 min read
Exclusive: Stanford and ADP have new payroll data on Gen Z women losing ground to men in the job market—and AI isn’t the main culprit
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Exclusive: Stanford and ADP have new payroll data on Gen Z women losing ground to men in the job market—and AI isn’t the main culprit

Women's employment grew just 1.3% annually since late 2022 for 22 to 25-year-olds, compared with 2.7% for men, Stanford and ADP found.

fortune.com · Jul 22, 2026 · 1 min read
AI world stunned by OpenAI model that secretly escaped secure environment and hacked into a rival company
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AI world stunned by OpenAI model that secretly escaped secure environment and hacked into a rival company

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

fortune.com · Jul 22, 2026 · 1 min read
Current price of oil as of July 22, 2026
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Current price of oil as of July 22, 2026

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

fortune.com · Jul 22, 2026 · 1 min read
Candid Health raises $120 million to take on America’s $280 billion medical billing mess
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Candid Health raises $120 million to take on America’s $280 billion medical billing mess

The healthcare infrastructure startup tripled its valuation in 18 months as revenue grew nearly 200 percent.

fortune.com · Jul 22, 2026 · 1 min read
Samsung’s North America CEO says the smartphone is just an entry point to ambient AI of the home
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Samsung’s North America CEO says the smartphone is just an entry point to ambient AI of the home

Also: All the news and watercooler chat from Fortune.

fortune.com · Jul 22, 2026 · 1 min read
Kalshi launches election hub for prediction markets ahead of midterms
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Kalshi launches election hub for prediction markets ahead of midterms

The company said the page gives viewers of its event contracts a central place to see speculators' outlook for the midterm elections.

cnbc.com · Jul 22, 2026 · 1 min read
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