Latest Reporting by Fortune
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Young Kalshi users have traded an estimated $3.9B on sports and parlay-type contracts this year, exposing a loophole that lets them bet before age 21
Critics warn prediction markets let 18-year-olds make sports wagers while bypassing state betting age limits.
PBR promises thieves who return 40,000 pounds of stolen beer by next Tuesday ‘no questions asked.’ That won’t stop California prosecutors
That's roughly 34,000 cans of beer worth about $70,000, according to police.

America’s high school graduating class is projected to shrink 13%. Colleges are already feeling the squeeze
Rising costs and steep tuition discounts are squeezing college budgets just as the pool of prospective students begins to shrink.

‘I bet on myself. Literally’: Ex-Congressman George Santos banned for life from Kalshi after making $17,839 from insider trading
Following the ban, Santos said "thanks for the lifetime ban from your gambling platform," in a post on X.

Bitcoin is back—and so is Michael Saylor’s Strategy, which made its first buy in two months
The company’s return to buying follows a summer downturn spent raising cash and selling Bitcoin.

Ray Dalio was so broke early in his career he had to borrow $4,000 from his dad—and learned 2 lessons that set him on the road to billionaire status
“Nobody does everything perfectly, not even Warren Buffett,” Dalio told David Rubenstein in conversation at the 92nd Street Y.

UAE intercepts Iranian drone over its waters in ‘dangerous escalation’ from Iran war—and threatens responding ‘decisively to aggressors’
Trump has stressed last week that he is "not in a hurry" to get Iran back to the negotiating table.

Gas topped $4 daily in August for the first time. New U.S. strikes on Iran are sending oil prices even higher again
Brent crude jumped more than 3% after U.S. forces struck Iranian rocket launchers near the Strait of Hormuz, a key route for global oil shipments.

Nissan and Honda ink deal to boost competitiveness with ‘faster development cycles’ in vehicle software
Under the deal, Nissan, based in the port city of Yokohama, and Tokyo-based Honda will share standardized parts in “core ECUs,” as well as software.

We’re living in the ‘G-shaped economy’—where boomers control $90 trillion, and everyone else waits
"The concentration of wealth among older generations suggests that consumer spending is increasingly being supported by the spending of accumulated retirement wealth rather than labor income."

X’s AI tool Grok now allows users to buy or lend crypto with MoonPay integration
The new tool also lets users move beyond crypto, with services such as restaurant reservations and flight bookings.

The end of the driver’s license: Uber exec calls car ownership ‘the most inefficient asset’ and says no one will need one in 15 to 20 years
Uber president and COO Andrew Macdonald predicts that in two decades, most people will get around by bike, scooter, public transit, or autonomous vehicle.

China’s AI-fueled IPO boom hits $54 billion this year, with chipmakers and Shein’s $1.7 billion IPO
Hong Kong and Shanghai captured 21% of global new-share proceeds as China’s AI companies abandoned Wall Street for home

Nearly 1,000 people are missing in Nepal’s floods, and hundreds more are trapped in hydropower tunnels as flood knocks 10% of power capacity offline
The disaster damaged hydropower projects across Nepal, forcing officials to confront the growing risks of rebuilding in vulnerable Himalayan valleys.

The tropical nation of Palau has no traffic lights and just 18,000 people—and it’s now ground zero for a U.S.-China standoff
Small island states command strategic waters, ports and potential seabed minerals, giving them leverage in the contest for Pacific influence

Cash-strapped colleges are draining their endowments to survive
Nearly 200 private colleges borrowed from restricted endowments last year as the enrollment crisis emptied their classrooms and coffers

‘Heaven help us’: One dead and 15 missing after flash flood in Grand Canyon—with more flooding forecast
Torrents of water wiped out footbridges, marking a major blow to an effort to modernize the pipeline that serves roughly 1,600 residents of Grand Canyon Village.

Japan doubled defense spending to counter China. Now it wants AI, underwater attack drones and government-owned weapons factories
Japan now aims to transform its defense capacity and is also adapting to Ukraine's style of warfare with drones

Current price of oil as of August 31, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Workers are flooding this ex-McKinsey consultant with bad-boss horror stories. He says they reveal a growing trust problem for HR
A creator who posts bad-manager stories explains the documentation conversation that would keep employees engaged with HR.
