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So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax...
The rich have always wanted to own a team, and it seems like lately, they’ve been lining up to do it. Steve Ballmer walked away from Microsoft’s C-suite and into the Clippers, pouring more than $4 billion into the...
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OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off | Fortune
Is your AI paying off? Today, OpenAI CFO Sarah Friar published the scorecard she uses for telling whether you are actually getting economic value from AI spend. For years, software success was measured through adoption—seats, active users, and renewals, Friar...
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Why you let down your guard on ads when scrolling on social media
My wife stared at me in shock as I ripped opened the package. The FedEx driver hadn’t even made it back to his truck as I held the item up overhead like a trophy. Fumbling...
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Even before he was wealthy, Warren Buffett planned to give away all his money—now he doesn’t check on his children’s charities to see how...
Berkshire Hathaway founder Warren Buffett was a philanthropist before he was a billionaire. Even before the famed investor was worth current estimates of $147 billion, the Oracle of Omaha planned to give away any money he accrued. Buffett said...
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Autocracies get more repressive when opening up their economies – a political scientists explores why
The current state of democracy in the world is fragile. According to the V-Dem Project, which measures global democracy, 41% of the world’s population live in autocratizing countries — that is, those becoming more authoritarian.In...
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What are Trump Accounts for? They are more likely to help newborns start building nest eggs than help pay for their college education
If you or someone you know has a baby or a child under 18, you’re likely wondering if they should get a “Trump Account.”The U.S. government started giving babies born during President Donald Trump’s second...
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Current price of oil as of July 17, 2026 | Fortune
At 5:50 a.m. Eastern Time today, oil was priced at $86.09 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s an increase of $1.45 compared with yesterday morning and around $16...
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Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory | Fortune
Chinese startup Moonshot AI has released the latest version of its Kimi AI model, further shrinking the performance gap between Chinese and U.S. models just as global businesses are increasingly questioning the cost of deploying models from Anthropic and...
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Netflix used AI to make 17 minutes of a documentary ‘twice as fast and at half the cost’—as streaming competition drives up content spending...
The American Experiment is a five-episode documentary that features Apocalypse Now actor Martin Sheen as the voice of George Washington along with a panoply of contemporary figures from U.S. politics including ex-vice presidents Kamala Harris and Mike Pence. It...
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Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack | Fortune
Airbnb cofounder and CEO Brian Chesky appears to have been the target of a cyberattack, a source with knowledge of the situation tells Fortune. On Monday, Chesky’s X account shared a multi-post thread setting out a bullish view on...
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Moroccan king’s letter confirms naming of major highway in honour of Trump
A letter from Morocco's King Mohammed VI has confirmed that the country has named a major highway after US...