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Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
Macro

Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions

The intelligence report estimated that 10% of Russia's corporate ⁠loans may not be repaid, while 15% of retail loans at some top banks may be non-performing.

fortune.com · Jul 12, 2026 · 1 min read
The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months — ‘an undeclared naval war can escalate’
Macro

The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months — ‘an undeclared naval war can escalate’

"I have a feeling that this could go poop very fast, and that's the fear once you unleash the dogs of war."

fortune.com · Jul 12, 2026 · 1 min read
Graham death sets up succession drama in South Carolina
Macro

Graham death sets up succession drama in South Carolina

South Carolina Republican Governor Henry McMaster can name a replacement for the remainder of Graham’s term.

fortune.com · Jul 12, 2026 · 1 min read
World Cup bets on prediction markets may get tax edge over gambling
Macro

World Cup bets on prediction markets may get tax edge over gambling

Treating prediction market bets like investments allows taxpayers to fully deduct losses and, under the most aggressive strategy, apply a lower tax rate.

fortune.com · Jul 12, 2026 · 1 min read
Hormuz route open despite Iran declaration, maritime group says
Macro

Hormuz route open despite Iran declaration, maritime group says

The path along the Omani coastline is still available for transit, the Joint Maritime Information Center said in a note.

fortune.com · Jul 12, 2026 · 1 min read
Trinidad and Tobago signs deals with U.S. companies for data centers, despite history of chronic water shortages and intermittent supply
Macro

Trinidad and Tobago signs deals with U.S. companies for data centers, despite history of chronic water shortages and intermittent supply

The memorandums of understanding were signed with the Florida-headquartered Hummingbird AI Holdings and New York-based Ernst and Young LLP.

fortune.com · Jul 12, 2026 · 1 min read
Volkswagen’s CEO suggests ‘more intelligent solutions than closing plants’ amid turnaround effort and touts cost cuts
Macro

Volkswagen’s CEO suggests ‘more intelligent solutions than closing plants’ amid turnaround effort and touts cost cuts

“We were able to improve our factory costs in Germany by an average 20% last year alone,” he said.

fortune.com · Jul 12, 2026 · 1 min read
Silicon Valley VC giant Vinod Khosla and family to buy Seattle Seahawks for $9.6 billion and must relinquish stake in the San Francisco 49ers
Macro

Silicon Valley VC giant Vinod Khosla and family to buy Seattle Seahawks for $9.6 billion and must relinquish stake in the San Francisco 49ers

“We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere.”

fortune.com · Jul 12, 2026 · 1 min read
U.S. military hits 140 Iranian targets in latest round of strikes while Tehran attacks Persian Gulf neighbors
Macro

U.S. military hits 140 Iranian targets in latest round of strikes while Tehran attacks Persian Gulf neighbors

“We bombed the hell out of them last night,” President Donald Trump told NBC’s “Meet the Press.”

fortune.com · Jul 12, 2026 · 1 min read
Sen. Lindsey Graham, a foreign policy hawk who became a close Trump ally, dies suddenly at 71
Macro

Sen. Lindsey Graham, a foreign policy hawk who became a close Trump ally, dies suddenly at 71

Graham was one of the most influential figures in Washington on foreign policy, and he advised Trump on matters such as Iran and Russia.

fortune.com · Jul 12, 2026 · 1 min read
Want to earn nearly $100,000 within 5 years of graduating? Study engineering, Fed research says
Macro

Want to earn nearly $100,000 within 5 years of graduating? Study engineering, Fed research says

80% of the top 10 college majors with the highest incomes five years after graduation are engineering degrees, New York Federal Reserve study shows.

fortune.com · Jul 12, 2026 · 1 min read
What Happens to Your HYSA Rate When the Fed Cuts Rates?
Macro

What Happens to Your HYSA Rate When the Fed Cuts Rates?

When the Federal Reserve cuts interest rates, the impact on high-yield savings accounts (HYSA) is significant yet nuanced. While most banks adjust their rates downward in response, the extent and speed of these changes can vary. Understanding this dynamic can help you maximize your savings, especially during periods of monetary easing. ## BODY: As we venture deeper into an unpredictable economic landscape, one pivotal question looms large for savers: *What happens to your high-yield savings acc

assetmarketcap.com · Jul 12, 2026 · 5 min read
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Macro

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

Neuroscientist Jared Cooney Horvath said older generations “screwed up” giving students access to so much technology: “I genuinely hope Gen Z quickly figures that out and gets mad.”

fortune.com · Jul 12, 2026 · 1 min read
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
Macro

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

As governments race to restrict minors’ social media use, the tech billionaires who built the platforms are imposing strict screen limits at home.

fortune.com · Jul 12, 2026 · 1 min read
Fortune 500 Land O’Lakes is letting workers choose what days and times they work—and the flex jobs are getting 25% more applicants than full-time gigs
Macro

Fortune 500 Land O’Lakes is letting workers choose what days and times they work—and the flex jobs are getting 25% more applicants than full-time gigs

The famed food giant selling butter sticks, whipped spreads, and shredded cheeses changed its policy after flexibility became workers’ top priority.

fortune.com · Jul 12, 2026 · 1 min read
A Trump Account could make your kid a millionaire by 45—but financial experts say the app’s projections come with a catch
Macro

A Trump Account could make your kid a millionaire by 45—but financial experts say the app’s projections come with a catch

Four financial planners break down how much your kid could really make, where it fits with your 401(k), and the catch parents keep missing.

fortune.com · Jul 12, 2026 · 1 min read
James Murdoch may have reaped as much as $7.5 billion from his pre-IPO investment in Elon Musk’s SpaceX
Macro

James Murdoch may have reaped as much as $7.5 billion from his pre-IPO investment in Elon Musk’s SpaceX

His early bet on the rocket company has likely made him much richer than his father Rupert Murdoch ever did.

fortune.com · Jul 12, 2026 · 1 min read
A Yale professor says America is now an ‘oldigarchy’—and Boomers on LinkedIn are enraged
Macro

A Yale professor says America is now an ‘oldigarchy’—and Boomers on LinkedIn are enraged

Yale professor Samuel Moyn says “the rich today are old, to an astonishing extent”—and his new book, "Gerontocracy in America," makes the case.

fortune.com · Jul 12, 2026 · 1 min read
This former U.S. soccer player built a $20 billion-a-year company. Now, he says resilience matters more than talent—and points to Lionel Messi as proof
Macro

This former U.S. soccer player built a $20 billion-a-year company. Now, he says resilience matters more than talent—and points to Lionel Messi as proof

Jim Kavanaugh, a former U.S. Olympian, says the habits that made him a top athlete also helped him build World Wide Technology, a multibillion-dollar firm.

fortune.com · Jul 12, 2026 · 1 min read
Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario
Macro

Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario

Global oil flows remain stunted as stockpiles are depleted, and demand is set to rise again.

fortune.com · Jul 12, 2026 · 1 min read
More tech workers are retiring early because they don’t want to deal with AI-related changes: ‘Many people believe it’s overblown’
Macro

More tech workers are retiring early because they don’t want to deal with AI-related changes: ‘Many people believe it’s overblown’

“For tech people, one of the distinctive features is that the learning curve of getting up to speed on a new technology can be a lot of effort,” one retirement expert said.

fortune.com · Jul 12, 2026 · 1 min read
3 reasons Bitcoin is stuck in a bear market—and why one analyst predicts a rebound to $100,000 by year-end
Macro

3 reasons Bitcoin is stuck in a bear market—and why one analyst predicts a rebound to $100,000 by year-end

Rising inflation, Bitcoin’s four-year cycle, and excess leverage continue to draw the cryptocurrency’s price down.

fortune.com · Jul 12, 2026 · 1 min read
The U.S. and Iran can’t agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
Macro

The U.S. and Iran can’t agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

Oman has drafted a proposal to manage traffic in the strait through two separately controlled routes, sources told CNN.

fortune.com · Jul 11, 2026 · 1 min read
U.S. military strikes Iran in response to attack on civilian vessel in Strait of Hormuz that Tehran said was using an ‘unauthorized route’
Macro

U.S. military strikes Iran in response to attack on civilian vessel in Strait of Hormuz that Tehran said was using an ‘unauthorized route’

The announcement followed Iran and Oman’s foreign ministers meeting on Saturday to discuss the strait that lies between them.

fortune.com · Jul 11, 2026 · 1 min read
Ukraine building Patriots is in Lockheed’s interest, McCaul says
Macro

Ukraine building Patriots is in Lockheed’s interest, McCaul says

Trump told Zelenskyy during a meeting at a NATO summit this week that the US will be “giving a license to you” to make Patriots.

fortune.com · Jul 11, 2026 · 1 min read
Le Pen extends lead in French election poll after court ruling
Macro

Le Pen extends lead in French election poll after court ruling

The far-right National Rally candidate would get between 34% and 35.5% of the vote in the first round if it were to take place this Sunday.

fortune.com · Jul 11, 2026 · 1 min read