The skyrocketing price of Doritos, Lay’s, and Cheetos have pushed away cash-strapped consumers and have cost Frito-Lay billions. The company is slashing prices to course correct, but its efforts may be too little too late. Ahead of the Super Bowl,…
Two Supermicro board members are spearheading an internal investigation following a federal indictment alleging one of the company’s cofounders orchestrated the routing of $2.5 billion in servers packed with Nvidia’s highly prized GPUs to China, in violation of export controls. …
U.S. President Donald Trump said late Tuesday he’s pulling back on his threats to launch devastating strikes on Iran, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate or else a…
JPMorgan CEO Jamie Dimon has long been among the crypto sector’s most notable skeptics. Dimon vowed in 2017 to fire any JPMorgan trader who traded bitcoin and has called the oldest cryptocurrency a “fraud” and a “pet rock.” More recently,…
President Donald Trump said he was in “heated negotiations” to extend his self-imposed 8 p.m. Tuesday deadline for Iran to reopen the Strait of Hormuz after the Pakistani prime minister made the plea in an eleventh-hour attempt to stop the…
The gold standard may have ended in the early 1970s, but something else quietly took its place for the next 50 years: oil. The so-called “petrodollar” system wasn’t well understood for most of this time, but a secret deal between…
As backlash to AI infrastructure intensifies nationwide, it just turned violent in Indianapolis. Ron Gibson, a city-county councilmember, woke up just before 1AM on Monday to find 13 bullet holes in his home, along with a note on his doorstep …
The average American manager now oversees 12 direct reports, and the data suggest AI is both the cause and the justification for this quiet but seismic shift in how the U.S. workplace is organized. It is one of the starkest…
President Trump’s fiscal year 2027 budget is built on a single, load-bearing bet: that the U.S. economy can grow at 3% annually for the next decade. The White House says that growth will flood federal coffers with new tax revenue…
When Vinod Khosla sat down with Fortune editor-in-chief Alyson Shontell in March and floated the idea of wiping out federal income taxes for the roughly 100 million-plus Americans earning less than $100,000 a year, it sounded like the kind of…