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American workers are retreating into silos. CEOs can bridge the gap
Macro

American workers are retreating into silos. CEOs can bridge the gap

Also: All the news and watercooler chat from Fortune.

fortune.com · Jul 17, 2026 · 1 min read
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
Macro

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

“The Middle East conflict is really driving more inflation…so we are going to use the majority of the tariff refund to offset these higher costs,” the McCormick & Company CFO said.

fortune.com · Jul 17, 2026 · 1 min read
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
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Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

Two organizations targeted by O’Leary say his comments caused “significant economic losses, severe emotional distress, and ongoing threats to their physical safety.”

fortune.com · Jul 17, 2026 · 1 min read
How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy
Macro

How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy

The arts and crafts retailer leaning on party supplies and fabric to end years of stagnation.

fortune.com · Jul 17, 2026 · 1 min read
India's biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy
Macro

India's biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy

The IPO of India's largest asset manager closed on Thursday, drawing keen interest from institutional investors.

cnbc.com · Jul 17, 2026 · 1 min read
Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory
Macro

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

“K3 stands as Moonshot AI's most powerful open-source coding model to date,” Moonshot AI wrote in a press release.

fortune.com · Jul 17, 2026 · 1 min read
Netflix used AI to produce 17 minutes of a documentary ‘twice as fast and at half the cost’—as streaming competition drives up content spending to $20 billion
Macro

Netflix used AI to produce 17 minutes of a documentary ‘twice as fast and at half the cost’—as streaming competition drives up content spending to $20 billion

The streaming company touted the efficiencies of AI in its Q2 earnings, while stressing that movies will still be 'made by people who make movies.'

fortune.com · Jul 17, 2026 · 1 min read
Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack pushing crypto tokenization
Macro

Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack pushing crypto tokenization

Airbnb CEO Brian Chesky appears to have been the target of a cyberattack, sources tell Fortune.

fortune.com · Jul 16, 2026 · 1 min read
Epstein survivors say Todd Blanche ignored them. Now one Republican senator is making him listen
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Epstein survivors say Todd Blanche ignored them. Now one Republican senator is making him listen

As Trump’s AG nominee apologizes for redaction errors that left nude photos and names of accusers exposed, Thom Tillis is dangling his decisive vote.

fortune.com · Jul 16, 2026 · 1 min read
The cholesterol shot you couldn’t afford is now a pill
Macro

The cholesterol shot you couldn’t afford is now a pill

The FDA has cleared Merck’s Lipfendra for patients whose artery‑clogging cholesterol remains high despite statins.

fortune.com · Jul 16, 2026 · 1 min read
Tariff Man’s money machine broke. Now he’s trying to fix it with a forced‑labor crusade
Macro

Tariff Man’s money machine broke. Now he’s trying to fix it with a forced‑labor crusade

After the Supreme Court killed his emergency‑powers import taxes and forced massive refunds, Trump is racing to meet a July 24 deadline.

fortune.com · Jul 16, 2026 · 1 min read
Runaway Tesla that crashed into a grandmother’s living room was actually being steered by a human, investigators find
Macro

Runaway Tesla that crashed into a grandmother’s living room was actually being steered by a human, investigators find

Federal investigators say a Model 3 in Katy, Texas was on Full Self-Driving (Supervised) when the driver slammed the accelerator to 100%.

fortune.com · Jul 16, 2026 · 1 min read
Over 120 million car trips, study finds speeding only saved drivers 54 seconds on average
Macro

Over 120 million car trips, study finds speeding only saved drivers 54 seconds on average

Slowing down could save $26 million and 7.2 million gallons of fuel daily in the U.S., University of Minnesota researchers found.

fortune.com · Jul 16, 2026 · 1 min read
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
Macro

Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google

Buffett’s remarks helped push Google co-founder Larry Page’s net worth above $300 billion as he predicts Google dominating the AI race.

fortune.com · Jul 16, 2026 · 1 min read
Kalshi pulls plug on planned flight cancellation contracts
Macro

Kalshi pulls plug on planned flight cancellation contracts

The prediction markets company has planned to offer the wagers as a way to hedge travel risks, but critics warned the contracts could be misused.

fortune.com · Jul 16, 2026 · 1 min read
Big Tech’s top executives warn enterprises are giving away too much to AI labs
Macro

Big Tech’s top executives warn enterprises are giving away too much to AI labs

Microsoft's Satya Nadella and Palantir's Alex Karp are both warning enterprises that AI labs are quietly mining the data that makes them valuable.

fortune.com · Jul 16, 2026 · 1 min read
Dallas Fed President Logan calls for 'modestly' higher interest rates
Macro

Dallas Fed President Logan calls for 'modestly' higher interest rates

The policymaker said this week's good inflation news wasn't good enough.

cnbc.com · Jul 16, 2026 · 1 min read
The global rich like Peter Thiel are eyeing the exit door. Argentina wants to be a ‘serious contender’ in the migration game
Macro

The global rich like Peter Thiel are eyeing the exit door. Argentina wants to be a ‘serious contender’ in the migration game

An incoming citizenship-by-investment scheme could turn Argentina into the next backup plan for the ultra-wealthy hedging against risks at home

fortune.com · Jul 16, 2026 · 1 min read
Short sellers load up against SpaceX as stock retreats back to IPO price
Macro

Short sellers load up against SpaceX as stock retreats back to IPO price

About 185 million SpaceX shares are now sold short, representing roughly 29% of the company's publicly tradable float, according to S3.

cnbc.com · Jul 16, 2026 · 1 min read
Trump has tried to decouple from China, but ending U.S. reliance on the country would cost America nearly $14 trillion, EY warns
Macro

Trump has tried to decouple from China, but ending U.S. reliance on the country would cost America nearly $14 trillion, EY warns

“We're not going to achieve these levels of investments,” EY-Parthenon partner Mats Persson told Fortune.

fortune.com · Jul 16, 2026 · 1 min read
The $500 million LeBron James sweepstakes: 5 cities race for the right to boost their economy with the chosen one
Macro

The $500 million LeBron James sweepstakes: 5 cities race for the right to boost their economy with the chosen one

LeBron James brings more than on-court success with every team he joins, he also brings millions in economic impact.

fortune.com · Jul 16, 2026 · 1 min read
Lamine Yamal is the third-youngest World Cup finalist—and he was scouted from his working-class neighborhood at just 6 years old
Macro

Lamine Yamal is the third-youngest World Cup finalist—and he was scouted from his working-class neighborhood at just 6 years old

World Cup star Lamine Yamal was raised by immigrant parents in Spain—now, he is earning $21.5 million from his day job alone.

fortune.com · Jul 16, 2026 · 1 min read
‘We absolutely screwed up’: JD Vance blames Pam Bondi for the Trump administration’s miscommunication around the Epstein files
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‘We absolutely screwed up’: JD Vance blames Pam Bondi for the Trump administration’s miscommunication around the Epstein files

The vice president went on Joe Rogan's podcast on Wednesday and said the former DOJ head "overstated" what was in the Epstein files.

fortune.com · Jul 16, 2026 · 1 min read
JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding—with jobs paying $100,000 without a college degree
Macro

JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding—with jobs paying $100,000 without a college degree

The American Dream now runs through the skilled trades, according to Jamie Dimon—and his bank is investing $24 million to ramp up training in Philadelphia.

fortune.com · Jul 16, 2026 · 1 min read
Europe optimized its supply chains for cost. Now it must pay for resilience
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Europe optimized its supply chains for cost. Now it must pay for resilience

Richard Saynor, CEO of Fortune 500 Europe company, Sandoz Group, and manufacturer of generic medicines, argues resilience requires investment that markets often fail to reward

fortune.com · Jul 16, 2026 · 1 min read
Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion
Macro

Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion

Sen. Elizabeth Warren says the Trump administration's rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion so far.

cnbc.com · Jul 16, 2026 · 1 min read