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Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible
Macro

Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible

The Fed governor said inflation has expanded beyond the often-cited drivers such as the energy price spike in tariffs.

cnbc.com · Jul 13, 2026 · 1 min read
Meta’s AI data center cost went from $10 billion to $50 billion in under 2 years—and split the town in two
Macro

Meta’s AI data center cost went from $10 billion to $50 billion in under 2 years—and split the town in two

The Hyperion supercluster has quintupled in cost since 2024. Meta says it's covering its own power costs, but critics warn locals could pay anyway.

fortune.com · Jul 13, 2026 · 1 min read
Columbia Business School professors: What the Balogun red card can teach us about AI and judgment
Macro

Columbia Business School professors: What the Balogun red card can teach us about AI and judgment

VAR, or video assistant referee, has a lot to teach us about what "human in the loop" actually means in practice.

fortune.com · Jul 13, 2026 · 1 min read
U.S. and Iran both say they control the Strait of Hormuz amid attacks that threaten return to all-out war and global economic upheaval
Macro

U.S. and Iran both say they control the Strait of Hormuz amid attacks that threaten return to all-out war and global economic upheaval

Iran and the U.S. are nearly halfway through the 60-day period to end the war, but renewed attacks raise fears about whether that will actually happen.

fortune.com · Jul 13, 2026 · 1 min read
Trump stunned by sudden death of rival turned ally Lindsey Graham: ‘He was like a member of the family’
Macro

Trump stunned by sudden death of rival turned ally Lindsey Graham: ‘He was like a member of the family’

Graham was part of the “Never Trump” movement during his 2016 run and feuded heatedly with his reality television star rival during the campaign.

fortune.com · Jul 13, 2026 · 1 min read
‘We are driving in the fog’: Hundreds of economists admit they’re flying blind on AI
Macro

‘We are driving in the fog’: Hundreds of economists admit they’re flying blind on AI

Will AI take your job, or is it a bunch of hype? We must act now to understand what's out there, over 200 economists and 16 Nobel laureates say.

fortune.com · Jul 13, 2026 · 1 min read
Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility
Macro

Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility

Big banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."

cnbc.com · Jul 13, 2026 · 1 min read
Exclusive: Google’s former ‘click fraud czar’ emerges from stealth with an on-device AI shield against AI-powered phishing, deepfakes, and other scams
Macro

Exclusive: Google’s former ‘click fraud czar’ emerges from stealth with an on-device AI shield against AI-powered phishing, deepfakes, and other scams

Shuman Ghosemajumder's new startup Reken uses an on-device 'private core' to analyze communications, automatically screening them for phishing and fraud attempts.

fortune.com · Jul 13, 2026 · 1 min read
Is dating a coworker still a career risk? Match Group’s HR chief has a new answer
Macro

Is dating a coworker still a career risk? Match Group’s HR chief has a new answer

Match Group’s top people leader says transparency matters more than avoiding office romance.

fortune.com · Jul 13, 2026 · 1 min read
Kalshi launches 'Pro' product for users trading multiple markets at same time, perpetual futures
Macro

Kalshi launches 'Pro' product for users trading multiple markets at same time, perpetual futures

The platform is designed to alleviate problems the company's most active traders have run into, according to a memo provided to CNBC.

cnbc.com · Jul 13, 2026 · 1 min read
TIAA’s CEO shares her advice for separating your personal identity from your title
Macro

TIAA’s CEO shares her advice for separating your personal identity from your title

"I rent my title. I own my character," TIAA CEO Thasunda Brown Duckett recently told Fortune

fortune.com · Jul 13, 2026 · 1 min read
Rocket shortage leaves Europe defenseless in space wars
Macro

Rocket shortage leaves Europe defenseless in space wars

European startups are racing to create an alternative to the U.S., but there have been only a handful of launches

fortune.com · Jul 13, 2026 · 1 min read
Oil prices march upward again as the U.S-Iran conflict intensifies—and it’s yet another headache for Warsh and the Fed
Macro

Oil prices march upward again as the U.S-Iran conflict intensifies—and it’s yet another headache for Warsh and the Fed

Escalating tensions between the U.S. and Iran have knock-on effects for inflation expectations and as a result, the trajectory of the base rate, notes Goldman Sachs.

fortune.com · Jul 13, 2026 · 1 min read
Why corporate strategy is moving to the CFO’s office
Macro

Why corporate strategy is moving to the CFO’s office

At a recent McKinsey forum, most CFOs said the strategy function now reports to them.

fortune.com · Jul 13, 2026 · 1 min read
Valarian raises $50 million to help governments and enterprises escape America’s cloud grip
Macro

Valarian raises $50 million to help governments and enterprises escape America’s cloud grip

An ex-Palantir exec co-founded the London startup building the software layer between governments and their AI.

fortune.com · Jul 13, 2026 · 1 min read
Ships go dark as the clock runs out on Trump’s ‘undeclared naval war’ in the Strait of Hormuz
Macro

Ships go dark as the clock runs out on Trump’s ‘undeclared naval war’ in the Strait of Hormuz

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

fortune.com · Jul 13, 2026 · 1 min read
Current price of oil as of July 13, 2026
Macro

Current price of oil as of July 13, 2026

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

fortune.com · Jul 13, 2026 · 1 min read
The escalating U.S.–Iran war is rewriting the CEO playbook again
Macro

The escalating U.S.–Iran war is rewriting the CEO playbook again

Also: All the news and watercooler chat from Fortune.

fortune.com · Jul 13, 2026 · 1 min read
SpaceX and Amazon are tech dopplegangers worth $4.5 trillion—and they’re headed for a collision
Macro

SpaceX and Amazon are tech dopplegangers worth $4.5 trillion—and they’re headed for a collision

Elon Musk’s space-and-AI company lost $4.9 billion last year and trades at 97 times sales. Investors need a lot to go right.

fortune.com · Jul 13, 2026 · 1 min read
‘Without our money, people will struggle’: Muangthai Capital’s new CEO Parithad Petampai defends the role of microfinance in Thailand
Macro

‘Without our money, people will struggle’: Muangthai Capital’s new CEO Parithad Petampai defends the role of microfinance in Thailand

Muangthai ranks No. 295 on Fortune’s Southeast Asia 500 list, with 2025 revenue of 30.74 billion Thai baht ($936 million).

fortune.com · Jul 13, 2026 · 1 min read
Rising tempo of combat in battle for Hormuz threatens market’s confidence that the worst is over on Iran. ‘There’s a lot of complacency’
Macro

Rising tempo of combat in battle for Hormuz threatens market’s confidence that the worst is over on Iran. ‘There’s a lot of complacency’

U.S. forces carried out five rounds of attacks in the past week and three over the last 24 hours, signaling that the operational tempo is quickening.

fortune.com · Jul 12, 2026 · 1 min read
DC medical examiner’s early findings show Sen. Lindsey Graham died from an aorta rupture stemming from hardening of his arteries
Macro

DC medical examiner’s early findings show Sen. Lindsey Graham died from an aorta rupture stemming from hardening of his arteries

A statement from Graham's office said the Medical Examiner of the District of Columbia’s preliminary findings are the senator died of aortic dissection due to arteriosclerotic cardiovascular disease.

fortune.com · Jul 12, 2026 · 1 min read
GOP Sen. Mitch McConnell ends frenzied speculation about his health, revealing a fall led to his hospitalization and he’s now in a rehab center
Macro

GOP Sen. Mitch McConnell ends frenzied speculation about his health, revealing a fall led to his hospitalization and he’s now in a rehab center

He explained the long silence about his condition by saying that “folks of my generation often hesitate to share the vulnerability that comes with growing older.”

fortune.com · Jul 12, 2026 · 1 min read
Disney bet big on one of its most popular franchises and most-streamed movie. The live-action remake failed to make a big splash
Macro

Disney bet big on one of its most popular franchises and most-streamed movie. The live-action remake failed to make a big splash

“Moana” may be the No. 1 movie at the domestic box office, but it did not make a big splash in its first weekend in theaters.

fortune.com · Jul 12, 2026 · 1 min read
DOJ investigating allegations against UAW President Shawn Fain
Macro

DOJ investigating allegations against UAW President Shawn Fain

The new probe concerns claims that Fain sought a financial bonus for his fiancée and pushed for a worker’s compensation claim for her sister.

fortune.com · Jul 12, 2026 · 1 min read
Trump embraces Australian retirement system backed by Larry Fink
Macro

Trump embraces Australian retirement system backed by Larry Fink

The system is on pace to be the world’s second-largest retirement plan within the next decade.

fortune.com · Jul 12, 2026 · 1 min read