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Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran
Macro

Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran

The global energy trade is likely changed forever by the outcome of the Iran war.

fortune.com · Jul 18, 2026 · 1 min read
SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’
Macro

SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’

A wave of wildly bullish price targets from Wall Street's SpaceX underwriters arrived just before the stock fell—raising questions about how much analysts really know.

fortune.com · Jul 18, 2026 · 1 min read
Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts
Macro

Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts

Fans looking to avoid paying for World Cup broadcasts are fueling a booming black market for stolen streaming accounts worth nearly $220 million, according to new research from HUMAN Security.

fortune.com · Jul 18, 2026 · 1 min read
After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others
Macro

After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others

Trump’s tariff program has gone from generating billions to forcing billions in refunds thanks to February's Supreme Court ruling.

fortune.com · Jul 17, 2026 · 1 min read
So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits
Macro

So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits

Increasingly, the founders and heads of companies like Home Depot, Walmart and LVMH are entering the sports world. There's a good reason for that.

fortune.com · Jul 17, 2026 · 1 min read
Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders
Macro

Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders

The Nvidia CEO's Tom Ford jacket, photomatched to a 2023 Taipei appearance, carried a $40,000-$60,000 estimate.

fortune.com · Jul 17, 2026 · 1 min read
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
Macro

Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive

Lower costs and open-source availability are prompting some companies to experiment with Chinese AI models, even as security concerns remain.

fortune.com · Jul 17, 2026 · 1 min read
OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off
Macro

OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off

Forget cost per token. Sarah Friar argues CFOs should judge AI by the work it actually completes.

fortune.com · Jul 17, 2026 · 1 min read
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
Macro

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

fortune.com · Jul 17, 2026 · 1 min read
FedEx’s CEO landed his first job by taking a roommate’s abandoned interview. Now he’s running a $75 billion shipping giant
Macro

FedEx’s CEO landed his first job by taking a roommate’s abandoned interview. Now he’s running a $75 billion shipping giant

Raj Subramaniam became the second-ever CEO of FedEx by taking every opportunity thrown his way—including his roommate’s job interview.

fortune.com · Jul 17, 2026 · 1 min read
World Cup final is already the biggest ever prediction market as Kalshi bets top $1.27 billion—with Spain favored to beat Argentina
Macro

World Cup final is already the biggest ever prediction market as Kalshi bets top $1.27 billion—with Spain favored to beat Argentina

Overall prediction market bets tied to the World Cup on Kalshi and Polymarket have collectively exceeded $29 billion in total trading volume.

fortune.com · Jul 17, 2026 · 1 min read
The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz
Macro

The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz

The coverage ratio for hyperscaler bond issuance tumbled from 5x in February 2026 to below 2x in July.

fortune.com · Jul 17, 2026 · 1 min read
‘What a wonderful group of people’: Sam Adams beer founder said the Scots were consuming one every 12 seconds at their World Cup peak
Macro

‘What a wonderful group of people’: Sam Adams beer founder said the Scots were consuming one every 12 seconds at their World Cup peak

Scotland's fans drained Boston's taps dry during the World Cup, and Jim Koch says it's proof beer still beats Netflix at bringing people together.

fortune.com · Jul 17, 2026 · 1 min read
Europe’s lack of preparation for the brutal heat wave this year killed an extra 10,000 people, records show
Macro

Europe’s lack of preparation for the brutal heat wave this year killed an extra 10,000 people, records show

Measures of what researchers call “excess mortality” — the difference between the normally expected number of deaths and the actual — spiked in June.

fortune.com · Jul 17, 2026 · 1 min read
Broadcast networks wrestle with whether to air Trump’s conspiracy theories or get sanctioned for dropping him
Macro

Broadcast networks wrestle with whether to air Trump’s conspiracy theories or get sanctioned for dropping him

"Fraud like this should mean a revocation of their licenses," the president said as he ranted about nonexistent voter fraud.

fortune.com · Jul 17, 2026 · 1 min read
How a Californian DNA lab solved the oldest John Doe in American history
Macro

How a Californian DNA lab solved the oldest John Doe in American history

After 246 years, Pvt. John Pumphrey, Revolutionary War veteran, is unknown no more.

fortune.com · Jul 17, 2026 · 1 min read
ICE officer in fatal Maine shooting had history of mental health crises, Congress learns in ‘bombshell’ report
Macro

ICE officer in fatal Maine shooting had history of mental health crises, Congress learns in ‘bombshell’ report

The Army veteran struggled with serious mental health issues since early childhood, according to several of his close relatives.

fortune.com · Jul 17, 2026 · 1 min read
Adam Silver: It’s ‘incredibly unfair’ Caitlin Clark has become a ‘political football’
Macro

Adam Silver: It’s ‘incredibly unfair’ Caitlin Clark has become a ‘political football’

Since she entered the league, Clark has helped significantly increase WNBA ticket sales and television ratings, but hard fouls keep happening.

fortune.com · Jul 17, 2026 · 1 min read
Trump is selling millisecond access to his Truth Social blasts — and traders are already lining up
Macro

Trump is selling millisecond access to his Truth Social blasts — and traders are already lining up

Trump’s firm is pitching Truth PSI to trading desks for ultra‑fast feeds from “top” accounts as Trump monetizes another aspect of the presidency.

fortune.com · Jul 17, 2026 · 1 min read
Esther Perel has a warning for executives: your workforce is suffering from social atrophy and AI is making it worse
Macro

Esther Perel has a warning for executives: your workforce is suffering from social atrophy and AI is making it worse

Europe's boardrooms have spent the past year fixated on productivity, AI adoption, and the search for growth in a stagnant economy. Esther Perel thinks they're missing a more urgent problem.

fortune.com · Jul 17, 2026 · 1 min read
Former Obama official on AI anxiety and the depression nobody remembers — and the training model that gives him hope
Macro

Former Obama official on AI anxiety and the depression nobody remembers — and the training model that gives him hope

A 22-year-old with an AI assistant can now do what once took a consulting team. Anthropic is betting on its "Claude Corps."

fortune.com · Jul 17, 2026 · 1 min read
Even before he was wealthy, Warren Buffett planned to give away all his money—now he doesn’t check on his children’s charities to see how they use it
Macro

Even before he was wealthy, Warren Buffett planned to give away all his money—now he doesn’t check on his children’s charities to see how they use it

"I tell the three children that it is theirs and it's their responsibility to get it done well," Buffett said.

fortune.com · Jul 17, 2026 · 1 min read
The VC betting $5.4 billion that Suno’s copyright wars won’t matter
Macro

The VC betting $5.4 billion that Suno’s copyright wars won’t matter

Menlo's Amy Wu Martin says the AI music startup's real business isn't hit songs—it's a new habit of making music just for yourself.

fortune.com · Jul 17, 2026 · 1 min read
Tech stocks lead steep global sell-off as investors lose faith in AI chip trade
Macro

Tech stocks lead steep global sell-off as investors lose faith in AI chip trade

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

fortune.com · Jul 17, 2026 · 1 min read
The dollar’s demise has been predicted for 55 years. The BCG Institute says it’s still overstated
Macro

The dollar’s demise has been predicted for 55 years. The BCG Institute says it’s still overstated

Everyone's writing the dollar's obituary. They're ignoring that every rival has bigger problems than America does.

fortune.com · Jul 17, 2026 · 1 min read
Current price of oil as of July 17, 2026
Macro

Current price of oil as of July 17, 2026

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

fortune.com · Jul 17, 2026 · 1 min read