At 9 a.m. Eastern Time today, the price of oil sits at $110.87 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of 44 cents since yesterday morning and roughly $44 more than…
Having advised companies across industries on cost transformations for more than two decades, I’ve seen a growing divide emerge as AI and agentic systems reshape the economics of doing business. It’s clear that most companies still struggle to turn AI…
AI is a bubble and investors shouldn’t fight it, Ohsung Kwon and his colleagues at Wells Fargo recommended in a note to clients this week. Their logic? The amount of capital expenditure (capex) going into AI is simply too big…
Today’s edition was written by Eleanor Pringle, Senior Reporter, Economics and Markets. 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…
In a new substack post, Michael Burry, the hero ofThe Big Short book and movie, declared that the stock market has “jumped the shark,” and posited that “a complete reversal” in the soaring, tech-laden NASDAQ 100 is at hand. Burry…
In March 2024, Matthew Kelly, a 49-year-old marketing executive from New York, allegedly texted his business partner Stanley Yi Zheng what looked to be a draft pitch to drum up new clients. In the message, sent on Chinese messaging app…
Two of the most controversial pipeline projects this century—the failed Keystone XL project and the successful Dakota Access Pipeline—are gaining new life to move Canadian oil into the U.S., backed by cross-border permits quickly approved by President Donald Trump. The…
As President Donald Trump gets set to meet Chinese counterpart Xi Jinping this week, China’s technological prowess will be on display. But its state-led growth model has been slowing—and a rapidly expanding mountain of debt is a warning sign. In…
As the class of 2026 walks across the stage this graduation season, there may be no larger elephant in the room than artificial intelligence. The technology promises great innovation, but it is making young people anxious about their own career…
ICE agents in at least six states have been spotted wearing Meta’s Ray-Ban smart glasses during enforcement operations since the start of President Donald Trump’s second term. Now, the Department of Homeland Security wants to go further by building its…