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…
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…