Tens of millions of taxpayers may be able to get money back from the IRS for certain penalties and interest they were charged during the COVID-19 pandemic, according to a recent blog post from National Taxpayer Advocate’s Erin M. Collins.…
Green cells whirl around a red-light chamber, propelled by a blade through bubbling water. These little seaweed cells, called gametophytes, will develop into a strain of fast-growing kelp — part of what was once a government-funded initiative to develop sustainable…
Geopolitics are dominating headlines, and trade conflict is accelerating. In this context, countries and companies need to position themselves well in the right industries to sustain profitable growth. What are those industries? The McKinsey Global Institute (MGI) identified 18 “arenas” in 2024—industries…
At 8:30 a.m. Eastern Time today, the price of oil sits at $106.52 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $10.03 since yesterday morning and roughly $44 more than at…
ONE BIG THING Jet fuel crisis will hit in June, Goldman warns The world’s oil supply will sink to just 98 days of demand by the end of May, according to new research from Goldman Sachs. Europe’s jet fuel supplies…
Good morning. Fortune Editor-in-Chief Alyson Shontell writing from New York. I recently interviewed Qualcomm CEO Cristiano Amon for my podcast, Fortune 500: Titans and Disruptors of Industry. One big takeaway: Your phone may not be your most important device for…
Asia’s oil crisis is quickly worsening into a full-blown material shortage, as falling stockpiles of plastics threaten industries as far apart as food production and medical equipment. The region imports around 70% of its supply of naphtha, a petrochemical feedstock…
Europe is weeks away from crossing a critical threshold that represents a severe and immediate shortage of jet fuel, triggering many more flight cancelations and even the possible closures of smaller airports. A new Goldman Sachs research report estimates that…
Four of the largest U.S. tech companies reported earnings Wednesday afternoon, confirming an AI capital expenditure buildout without modern precedent. Combined, they spent $130.65 billion on capital expenditures in the first three months of 2026—more than three times the inflation-adjusted…
Good morning from the Milken Institute Global Conference in Beverly Hills, where leaders from around the world are talking about the innovation and trends shaping society. For a finance-heavy crowd, the focus is often on money and where it can…