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Plowshares into swords: Trump’s $1.5 trillion defense surge is the largest since World War II — and no one can explain how to pay for it

“MAGA was told an untruth by Trump — no foreign wars, no adventurism,” Steve Hanke told Fortune. “This is a massive militarization.”

By Nick LichtenbergApril 3, 2026

A woman working alone in an office

MIT created duplicate AI workers to tackle thousands of different tasks. The verdict? Most of the time AI is still just ‘minimally sufficient’

By Tristan BoveApril 3, 2026

JPMorgan Chase CEO Jamie Dimon

Jamie Dimon says the U.S. was right to go to war with Iran: ‘Why the western world put up with all these proxy wars for 45 years is kind of beyond me’

By Tristan BoveApril 3, 2026

Albert Bourla

Only one U.S. university ranks in the world’s top 10 in STEM. Pfizer’s CEO is calling for change

By Preston ForeApril 3, 2026

Bernie sanders angry pointing

Bernie Sanders calls out Bezos, Musk, Bloomberg, and Buffett in billionaire tax push: ‘The richest people in America have never ever had it so good’

By Catherina GioinoApril 3, 2026

Depressed worker feel tried after overwork and disappointed for his job or being fired.

The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up

By Eva RoytburgApril 3, 2026

Latest Stories

The Benefits of Red Light Therapy: Expert-Approved Advice

Health The Benefits of Red Light Therapy: Expert-Approved Advice

By Katherine Van DisApril 3, 2026

Fortune 500 Power Moves: Which executives are gaining and losing power

C-Suite Fortune 500 Power Moves: Which executives are gaining and losing power

By Fortune EditorsApril 3, 2026

Dario Amodei sits in a white chair with his hands pressed together in front of a pink and orange background.

AI The AI kill switch just got harder to find: LLM-powered chatbots will defy orders and deceive users if asked to delete another model, study finds

By Sasha RogelbergApril 3, 2026

Energy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says

Energy Energy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says

By Jason MaApril 3, 2026

Microsoft is spending billions on AI—but even NASA astronauts can’t escape Outlook headaches

Law Microsoft is spending billions on AI—but even NASA astronauts can’t escape Outlook headaches

By Marco Quiroz-GutierrezApril 3, 2026

Starbucks baristas working in store

Success Starbucks is offering $1,200 bonuses, expanded tipping, and weekly payouts to boost the pay of its U.S. baristas

By Emma BurleighApril 3, 2026

Red Lobster is reportedly bringing back Endless Shrimp 2 years after the CEO vowed it would never return

Retail Red Lobster is reportedly bringing back Endless Shrimp 2 years after the CEO vowed it would never return

By Sydney LakeApril 3, 2026

donald trump

Politics A $10 billion ‘slush fund’ to pay TSA agents: Trump’s latest unilateral loophole, explained

By Jake AngeloApril 3, 2026

More EconomyPage 9 of 100

President Donald Trump, his mouth agape on Air Force One.

Politics Trump Administration races to rebuild tariff revenue after Supreme Court setback

By The Associated Press and Christopher RugaberMarch 16, 2026

Crypto Flagship Dubai crypto conference Token2049, in sudden reversal, cancels due to Iran war
By Carlos GarciaMarch 13, 2026

Strikers holding signs against JBS beef meatpacking

Law A raw deal: 3,800 Colorado meatpackers stage first beef plant strike in 40 years at one of the largest meatpacking plants in U.S.

By The Associated PressMarch 16, 2026

offices

Commentary The ‘average rent’ mirage: why we need better numbers to understand urban economics

By Stijn Van Nieuwerburgh and Wayne YuMarch 16, 2026

Nordstrom’s ‘glow-up’: How going private is helping the retailer thrive as Saks Global languishes

C-Suite Nordstrom’s ‘glow-up’: How going private is helping the retailer thrive as Saks Global languishes

By Phil WahbaMarch 16, 2026

Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on January 28, 2026 in Washington, DC

Economy This week is Jerome Powell’s penultimate meeting as chairman of the Fed—don’t expect him to drop Wall Street many hints

By Eleanor PringleMarch 16, 2026

Photo: Donald Trump

Energy With Iran still in control of Hormuz, Trump threatens NATO and oil hits $106

By Jim EdwardsMarch 16, 2026

Energy The war in Iran has caused the biggest oil supply disruption in history, energy watchdog says, and a swift end to the conflict might not change that
By Tristan BoveMarch 13, 2026

Asia scrambles to respond to Trump’s sweeping Section 301 trade probes, which could pave the way for new tariffs

Economy Asia scrambles to respond to Trump’s sweeping Section 301 trade probes, which could pave the way for new tariffs

By Angelica AngMarch 16, 2026

Despite Greenland crisis, Trump suggests NATO owes him help on Iran war after U.S. support for Ukraine. ‘We’ve been very sweet’

Energy Despite Greenland crisis, Trump suggests NATO owes him help on Iran war after U.S. support for Ukraine. ‘We’ve been very sweet’

By Jason MaMarch 15, 2026

China’s power ‘supergrid’ gives Xi buffer against energy shocks

Energy China’s power ‘supergrid’ gives Xi buffer against energy shocks

By BloombergMarch 15, 2026

An OpenAI cofounder ‘vibe coded’ an analysis of the U.S. labor market’s exposure to AI, and the highest-paying jobs have the worst scores

AI An OpenAI cofounder ‘vibe coded’ an analysis of the U.S. labor market’s exposure to AI, and the highest-paying jobs have the worst scores

By Jason MaMarch 15, 2026

Iran supertanker pushes through strait for China

Energy Iran supertanker pushes through strait for China

By Prejula Prem and BloombergMarch 15, 2026

Energy The Strait of Hormuz is an Iranian ‘kill box,’ preventing the U.S. Navy from securing it right now and letting tankers pass through freely
By Jason MaMarch 13, 2026

U.S. energy chief signals Iran war may last several more weeks

Energy U.S. energy chief signals Iran war may last several more weeks

By Jen Judson and BloombergMarch 15, 2026

Bessent leads U.S. talks with China ahead of Trump-Xi summit as Iran and trade war loom over ‘big year’ for bilateral ties

Economy Bessent leads U.S. talks with China ahead of Trump-Xi summit as Iran and trade war loom over ‘big year’ for bilateral ties

By The Associated PressMarch 15, 2026

chepovoi

Commentary 75% of resumes never reach a human: the new rules of job searching in the AI era

By Alex ChepovoiMarch 15, 2026

After 93 years and a 25-hour filibuster, Washington finally has an income tax, and billionaires are already packing their bags

Politics After 93 years and a 25-hour filibuster, Washington finally has an income tax, and billionaires are already packing their bags

By Catherina GioinoMarch 15, 2026

Women enjoying the view of the mountains at Zion

Economy Getting Americans outside added 5 million jobs and $1.3 trillion to the economy in 2024, before staffing and budget cuts came for national parks

By Tristan BoveMarch 15, 2026

‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet

Energy ‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet

By Jason MaMarch 14, 2026

Trump calls for countries to send warships to reopen Hormuz

Energy Trump calls for countries to send warships to reopen Hormuz

By Arsalan Shahla and BloombergMarch 14, 2026

Trump seeks to close a $1.6 trillion revenue gap with new tariffs that will be easier for people to challenge

Economy Trump seeks to close a $1.6 trillion revenue gap with new tariffs that will be easier for people to challenge

By Christopher Rugaber and The Associated PressMarch 14, 2026

Jet fuel prices are rising as oil spikes on Iran war. Airlines are already announcing fare increases or fuel surcharges

Energy Jet fuel prices are rising as oil spikes on Iran war. Airlines are already announcing fare increases or fuel surcharges

By Rio Yamat and The Associated PressMarch 14, 2026

U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz

Energy U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz

By David McHugh and The Associated PressMarch 14, 2026

vivek

Commentary The U.S. is winning the AI chatbot war — and losing the one that actually matters

By Vivek RanadiveMarch 14, 2026

dalio

Commentary Ray Dalio: I’ve studied 500 years of history and fear we’re entering the most dangerous phase of the ‘Big Cycle’

By Ray DalioMarch 14, 2026

powell

Commentary Yes, companies can stay profitable without raising prices — here’s how

By Jerry HaarMarch 14, 2026

Handout photo taken on March 11, 2026 and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack. A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked March 11, with 20 crew members rescued so far, the Thai navy said.

Energy Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

By Jordan BlumMarch 14, 2026

U.S. officials have discussed trading oil futures, Burgum says

Energy U.S. officials have discussed trading oil futures, Burgum says

By Jennifer A. Dlouhy, Tyler Kendall and BloombergMarch 13, 2026

All 6 crew members on KC-135 refueling plane that crashed in Iraq are dead, bringing U.S. death toll to at least 13 service members

Politics All 6 crew members on KC-135 refueling plane that crashed in Iraq are dead, bringing U.S. death toll to at least 13 service members

By Konstantin Toropin, Ben Finley, Kim Tong-Hyung and The Associated PressMarch 13, 2026

U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped for a small town firefighter, budget watchdog warns

Economy U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped for a small town firefighter, budget watchdog warns

By Jason MaMarch 13, 2026

andrew yang

AI Ex-presidential candidate Andrew Yang says it’s time to ‘stop taxing labor’ and make AI foot the bill instead

By Jake AngeloMarch 13, 2026

A man with a grocery cart peruses a dairy aisle in Costco.

Law Americans are demanding refunds from the $180 billion in tariffs they paid for, and they’re suing companies like Costco to make it happen

By Sasha RogelbergMarch 13, 2026

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Most Popular

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

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By Fortune EditorsApril 2, 2026

Major 4-day workweek study suggests that when we work 5 days we spend one doing basically nothing

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By Fortune EditorsApril 2, 2026

Paul Krugman smacks down Trump speech with argument that $4 gas is ‘less than half’ of the Hormuz hit. Here’s what he’s talking about

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By Fortune EditorsApril 2, 2026

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