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The Latest Breaking News from Fortune

Putin is the real winner in Trump’s Iran war as it puts Russian oil back on the map

Washington's attempt to stabilize oil markets may be fueling the one economy it spent years trying to cripple.

Fortune

Iran issues its largest-ever currency denomination as accelerating inflation ravages a financial sector deemed a 'Ponzi scheme' even before the war

"The regime simply cannot pivot to cash payments, there isn't enough physical currency in the system."

Fortune

The great toilet paper panic is back as Japan starts stockpiling

There is no scarcity of toilet paper in Japan. Why is it always the thing people reach for?

Fortune

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Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

Fortune

Largest federal workers union warns ICE agents are not trained to replace TSA and putting them in airports ‘does not fill a gap. It creates one’

President Donald Trump said the ICE officers would be able to conduct immigration arrests, though it was not their primary purpose.

Fortune

Strategy purchases another $76 million worth of Bitcoin, all through sales of common stock

Michael Saylor’s company now holds about $54 billion of the original cryptocurrency.

Fortune

High Point University has turned 'life skills' into a magnet for the Wall Street elite with a 99.2% job placement rate

As Gen Z questions whether college is worth it, High Point University may have found the answer.

Fortune

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Kalshi takes a page from Warren Buffett’s March Madness playbook by offering $1 billion for a perfect bracket

For less-than-perfect brackets, Kalshi is promising $1 million to the user who correctly guesses the most winners.

Fortune

The Iran oil crisis is the worst energy shock ever recorded. World leaders aren't ready, says IEA chief

IEA executive director Fatih Birol broke a three-week silence with a fresh warning, raising fresh alarms over the deepening global energy crisis.

Fortune

Larry Fink says today's economic anxiety stems from people increasingly feeling like capitalism isn't working for them

"We are living through a period where things that would've defined a decade have become routine," Fink wrote.

Fortune

Carlyle Group's founder, Dallas Cowboys owner, and a Houston hospitality mogul are among the billionaires bankrolling March Madness Sweet 16 schools

Billionaires like Carlyle Group's David Rubenstein, Dallas Cowboys owner Jerry Jones, and Houston Rockets owner Tilman Fertitta have poured tens of millions into the college basketball programs competing in the 2026 March Madness Sweet 16.

Fortune

'AI killed the cover letter.' This Wharton economist says the hiring ritual's days are numbered

Let's be honest: You didn't spend hours researching and writing your cover letter. You used AI, and that's fine, because AI is going to read it anyway.

Fortune

Trump has TACO'd again, this time in Iran, sparking a $1.7 trillion stock market rally in minutes, even as peace talks are in question

U.S. crude oil is back down to under $90, the lowest since the war began.

Fortune

Just like Gen Z, a young Mark Zuckerberg ‘had no concept of small talk’ and would ‘just stare at you,’ the VC behind Airbnb and Reddit says

“I didn't realize how important small talk was until I met the lack of it,” Y Combinator’s Paul Graham said about his first meeting with Facebook cofounder Mark Zuckerberg.

Fortune

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Fortune

The Treasury just declared the U.S. insolvent. The media missed it

The Government Accountability Office can't even verify the books. Here's what Congress must do.

Fortune

Billionaire Reddit CEO Steve Huffman says his company will ‘go heavy’ on hiring graduates because ‘they're so much more AI native’ than older peers

Reddit cofounder and CEO Steve Huffman says “there are so many reasons to hire new grads.” For one, Gen Zers are AI natives, unlike any older generation.

Fortune

'Capital is a coward': A whole new world of elevated risk will stay embedded in global markets, keeping prices higher everywhere

"From now on traders will act based on the knowledge that Iran might at any time attack, and that new perception will create new risk premia in critically important sectors."

Fortune

Early Kalshi employees raising up to $35 million for a prediction market VC fund with backing from the CEOs of both Kalshi and Polymarket

Other investors include Marc Andreessen through the fund Moneta Luna and Micky Malka of the fintech investment firm Ribbit Capital.

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Fortune

Current price of oil as of March 23, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

The unspoken rule: is English really the key to success in Europe's boardrooms?

From Airbus to Siemens, English has become the default language of Europe's most powerful boardrooms. The question is no longer how it got there—but who it's leaving behind.

Fortune

Tulsa turned a $10,000 relocation incentive into an $878M win

Tulsa’s relocation experiment delivered an economic windfall and opened a new lane for global hiring.

Fortune

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that—a 'crushing legacy we must reverse,' says budget chair

“Here’s the sad, sobering, and stunning truth: Despite the urgency of our fiscal crisis, Congress is paralyzed—unable to meet the urgency of the moment.”

Fortune

Startup Antithesis turns years of real-world chaos into hours of simulated mayhem—and key trading firms and crypto networks are paying close attention

Will Wilson’s AI software startup just raised $105 million from investors including Jane Street and Patrick Collison.

Fortune

What a cringe photo shoot really tells about the state of the crypto industry

The Vanity Fair piece showcased the crypto aristocracy—for better and worse.

Fortune

Markets in meltdown after Trump threatens major escalation in the war against Iran

Everything you need to know before you reach the office this morning.

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