Fortune Magazine

Come Sept. 8, some $20 billion’s worth of U.S. goods will be subject to Canadian counter-tariffs of up to 50%. They follow the 50% duties imposed by Washington on Canadian goods on Aug. 22. Yet U.S. President Donald Trump’s renewed focus on Canada should be no surprise, after Washington declined to extend the U.S.-Mexico-Canada trade agreement in July.  For four decades, Canadian commercial life has been organized around the belief that access to the U.S. market was a constant, rather than a

Chinese esports player Jian “Uzi” Zi-hao was more than a star “League of Legends” player: He was so talented that his team structured its entire strategy around his abilities, funneling resources to him and another teammate, Shi “Ming” Sen-Ming, so the duo could lead the team to victory. Over the course of his career, he earned more than $500,000 in tournament prize money. And yet in 2020, Jian announced his retirement, his storied career cut short by chronic wrist and arm injuries. He was

OpenAI failed to disclose an incident in which a swarm of its AI agents hijacked a German wiki site earlier this year in events that closely paralleled the sequence of events that in July resulted in another group of OpenAI’s agents launching cyberattacks against the company Hugging Face. OpenAI only confirmed the incident after Reuters first reported it. Reuters story contained strong circumstantial evidence that OpenAI was aware of the wiki attack as well as comments from unnamed Ope

The United States and Canada, historically close allies, are moving further into a full-blown trade war with no end in sight. On Aug. 25, 2026, Canada imposed tariffs of up to 50% on hundreds of U.S. goods after the U.S. placed similar, long-threatened levies on Canadian products. It followed the collapse of trade talks that had been inching towards a deal. The next day, U.S. President Donald Trump called Canada “one of the worst countries in the world to deal with.” Canadian Prime Ministe

When union workers and their families gather this Labor Day, some may ponder Ronald Reagan’s memorable refrain, “Are you better off now than you were four years ago?” All workers – unionized or not – are dealing with higher prices for food and gasoline. For America’s unionized workforce, the overall state of the economy is bleak. Threats from AI and robotics abound. Pledges by U.S. and international corporations to invest in new plants remain largely pledges. The roughly 400,000 federal jo

Four years ago, Rhode Island Gov. Dan McKee was celebrating his narrow victory in the Democratic primary surrounded by supporters, when someone handed him phone — it was his opponent simply calling to concede. “That’s not going to happen,” he said, waving the phone away. “Hang up on them.” Now, the woman he dismissed, Helena Foulkes, is challenging him to a rematch. And McKee is desperate to avoid not only becoming the first U.S. governor to lose a primary since 2018 but also th

“Spider-Man: Brand New Day” remained the No. 1 movie in theaters over the weekend, becoming just the second film this decade to top the box office for six straight weeks. Since the end of July, the Sony superhero movie has ruled over cinemas with rare dominance. The last release to enjoy such a long stretch leading the box office was 2022’s “Avatar: The Way of Water.” “Brand New Day,” the fourth standalone Spider-Man film starring Tom Holland, collected $18 million over t

Of all the moments that capture Dolly Parton’s musical talents, fierce intelligence and driving ambition, I often find myself thinking back to an awkward, ad-libbed live television duet on “The Porter Wagoner Show.” The year was 1973. Parton had been performing alongside Wagoner on the syndicated variety show since 1967. Though this had been her big break in Nashville, Parton was feeling confined by playing second fiddle to Wagoner, who, as her producer, often took control of the musical arra

The United States will start phasing out its financial support for Namibia’s HIV response programs, the latest among southern African countries to feel the effects of the withdrawal of foreign aid by the U.S. administration. The U.S. will provide Namibia with $45 million for its HIV response in the 2027 fiscal year but the country will then start funding its own HIV programs, with the U.S. only providing “technical cooperation,” both countries said in statement. Namib

Alternative for Germany, or AfD, has established itself as a significant political force in the 13 years since its founding, but it has never been part of any state or federal government. That’s a result of what is often called a “firewall” against cooperation with the anti-immigrant, far-right party. That firewall faces its biggest test after AfD won a landslide victory in Sunday’s election in the eastern German state of Saxony-Anhalt. Germany’s mainstream parties have lon

Gloria Steinem, the celebrated author and activist who became one of the most visible symbols and potent voices of the U.S. women’s movement and a fierce advocate for feminist causes for over six decades, has died. She was 92. With her trademark streaked hair parted down the middle and large aviator glasses, Steinem, a co-founder of Ms. Magazine, was a hugely recognizable presence wherever she went. And she went everywhere: Much of her life as an advocate was spent on the road, spea

Abdul El-Sayed, an epidemiologist-turned-politician, has no particular background in the treasury markets. Yet, Wednesday morning, the Democratic nominee for U.S. Senate in Michigan offered his armchair analysis of the bond rout on X, writing that it was a “ringing alarm bell,” that investors’ confidence had been undermined by inflation, the war with Iran and pressure on the Fed. President Donald Trump, El-Sayed argued, was risking the economy in order to give it a “tempo

Billionaire investor Leon Black refused to appear for a sworn deposition before Congress on Thursday and instead sued the House Oversight Committee, asking a federal court to block subpoenas issued as part of its investigation into disgraced financier Jeffrey Epstein. The House Oversight Committee served Black with two subpoenas during a closed-door voluntary interview in June after lawmakers said he refused to answer questions about nondisclosure agreements. One subpoena demanded Black produ

On Wednesday, Uber CEO Dara Khosrowshahi announced the company will be cutting 3,300 jobs, a tenth of its workforce worldwide.  It’s the biggest cuts since Covid, when the ride-share app cut 14% of its workforce, amounting to 3,700 jobs.  “This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber,” Khosrowshahi wrote in a letter to employees. “It’s important to say that these changes are about how we’re orga

“Europe has been worrying about slowing growth since the start of this century,” Mario Draghi said in 2024. “Various strategies to raise rates have come and gone, but the trend has remained unchanged.”  There is a tendency for gloom to descend when thinking about Europe’s economic and business prospects. In comparison with America, the Gulf and Asia, the mature markets of the EU and the rest of the continent have languished. Since the financial crisis, GDP growth

Good morning. After nearly a decade helping steer Charter Communications’ cable and broadband business, CFO Jessica Fischer is leaving for a Blackstone- and Google-backed venture investing billions to meet soaring demand for AI computing capacity. The move puts an experienced Fortune 500 finance chief at the center of one of corporate America’s biggest investment booms. It also reflects how the AI infrastructure buildout is pulling capital and senior talent from established industries as comp

In a world of infinite information, trust is the scarcest resource. In 1999, I co-founded Epinions, one of the first user-generated review sites, and helped pioneer the reviews economy. The premise was that anyone could review anything, and the collective judgment of the masses would sum to something useful. Epinions succeeded. We sold the company to eBay. But it, along with the review sites that followed, set an industry in motion that would eventually be gamed. Today’s online revie

The secondaries market offers a window into the most-watched-IPO horse race, perhaps ever, between OpenAI and Anthropic. Now, the vibe, shall we say, for a while has been that OpenAI is falling behind Anthropic. Across the secondaries market, that’s certainly how prospective buyers seem to feel: demand for Anthropic shares is far exceeding the demand for OpenAI shares, pre-IPO market sources have been telling me. And though there’s a sense Anthropic fever has escalated in recent months (inclu

An “erosion of multilateralism” is changing Asia’s push for sustainability, as countries pursue individual goals of energy security and supply-chain resilience instead of “virtue signaling,” says Rahul Ghosh, global head of sustainable finance and emerging markets at Moody’s Ratings.  “Ten years ago, the world was aligning around consistent climate policies, but now we’re starting to see a bit of divergence,” he says, as countries instead pursue what he dubs a “pragmatic transition,” one that

At 8 a.m. Eastern Time on September 2, 2026, the price of oil sits at $96.11 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $2 since yesterday morning and roughly $26.50 more than at this time last year. oil price per barrel% ChangePrice of oil yesterday$94.11+2.12%Price of oil 1 month ago$94.93+1.24%Price of oil 1 year ago$69.60+38.08% Check Out Our Daily Rates Reports Discover the highest high-yield savings rates, up to 4.5