The “everyday millionaire” has a problem. It’s not money. It’s math. In 2025, UBS coined the term EMILLI — Everyday MILLIonaire — to describe the 401(k) maximizer, the dual-income homeowner, the diligent index-fund investor who looked up one day and…
As of 9 a.m. Eastern Time today, oil is trading at $75.02 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.02 above yesterday morning’s level and about $7.24 higher than where it stood a year…
On Friday, OpenAI announced it was withholding the wide release of its latest AI model, GPT-5.6, at the request of the U.S. government. On the same day, the U.S. Commerce Department told Anthropic that export controls it had slapped on…
Henry Luce, who founded Fortune in 1929 and its sister publication Life seven years later, used the pages of the latter in February 1941 to issue one of the most consequential editorial arguments in American journalism. He called it “The…
Nearly a century ago, President Roosevelt urged Americans to build the military infrastructure needed to preserve our democratic ideals during a time of profound global crisis. As we celebrate our country’s 250th anniversary, we once again find ourselves at a…
We’re about to head into Q2 earnings season and—as the recent market jolt around Apple’s price increase announcement shows—investors are still nervous that this whole AI thing just isn’t going to pan out. “Microsoft and Meta are being treated by…
Good morning. While sitting in the Rivian R2 electric SUV at the Aspen Ideas Festival this weekend, CEO RJ Scaringe opened a glove box and pointed to the felt lining. “That cost $11,” he said. Is that expensive or cheap?…
The heat is on this week. As Europe sizzles amid another record-breaking heatwave, many American states are preparing for a similar event. A double whammy of heat and humidity is set to drive temperatures over 100°F. But while both sides…
Europe is melting: a record-breaking heat wave has been crushing the continent since late May, with Paris hitting 38°C, London 33°C, and Berlin matching it. Thousands of deaths are projected before it breaks. And while the images of crowded fountains…
Cristiano Ronaldo has long been one of soccer’s (or football’s) greatest goal-scorers, dazzling millions of fans at top European clubs including Manchester United, Real Madrid, and Juventus—as well as the all-time top scorer for the Portuguese national team. But he…