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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
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