Bonds sold off sharply around the world on Friday as investors brace for persistently elevated inflation amid the ongoing energy crisis. Oil jumped after the U.S.-China summit wrapped up without any signs that Beijing will lean on ally Iran to…
The Boring Company’s tunneling operations have been temporarily suspended at one of the company’s construction sites as regulatory officials investigate a “crushing injury” Wednesday evening that took place in Las Vegas, according to spokespeople from the local fire department and…
Pershing Square Capital Management, the hedge fund run by the billionaire investor, has built a new position in the software giant. And in typical Ackman fashion, he disclosed the stake in his trademark style: a lengthy post on X on…
Gone are the days of the Cold War, of nuclear anxiety, of those old animated “Duck and Cover” PSAs we were shown in school: Americans are now more opposed to an AI data center in their neighborhood than a nuclear…
At 8:45 a.m. Eastern Time today, oil was priced at $111.04 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a gain of $3.22 compared with yesterday morning and around $46 higher…
Larry Peter has as much personality as the cheeses that once made Julia Child melt. He once sold cheese out of a woodshed he built next to a schoolhouse he bought from Sonoma High School for a dollar and now…
Quick note: Subscribe to the forthcoming Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who…
Good morning. State Farm CEO Jon Farney is trying to transform the future of the country’s largest auto and home insurer while dealing with the realities of today. The 104-year-old mutual insurer just launched its “Next Gen Good Neighbor” offering,…
Justin Hotard was appointed as Nokia’s President and CEO on April 1, 2025. Prior to Nokia, he was at Intel as Executive Vice President and General Manager, Data Center & AI Group. Between 2015 and 2024, Justin worked for Hewlett Packard…
Houston geothermal startup Fervo scored Wall Street’s biggest clean energy IPO ever, and its stock opened 35% higher on May 13 for a market cap above $10 billion. Bill Gates-backed Fervo aims to take the nascent industry mainstream to power…