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…
Super Micro Computer CEO Charles Liang spoke out during the company’s fiscal third quarter earnings call to deliver a message. “No one” at the company besides three indicted employees—including cofounder Yih-Shyan “Wally” Liaw—were involved in what prosecutors have called an…
Anthropic is dramatically expanding its footprint in financial services, launching a suite of pre-built AI agents for the world’s largest banks and debuting Claude Opus 4.7—its most capable model for financial work yet. The announcements, made Tuesday at the company’s…
On Tuesday, what remains of Spirit Airlines is being picked apart in bankruptcy court. Aircraft lenders are repossessing those bright yellow airplanes while the major U.S. carriers jockey for the rest of the assets, like gates. But some fans of…
Stablecoins, a form of cryptocurrency pegged to a real world asset, are becoming part of the global financial system, with firms like Visa and Stripe rushing to distribute them. They are also overwhelmingly dollar based. While there are euro stablecoins…