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Fortune is a U.S.-based business publication covering corporate news, finance, and market trends.

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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
Business
Fortune10h ago

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.

Business11h ago

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.

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America’s high school graduating class is projected to shrink 13%. Colleges are already feeling the squeeze
Business12h ago

‘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.

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‘I bet on myself. Literally’: Ex-Congressman George Santos banned for life from Kalshi after making $17,839 from insider trading
Business13h ago

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.

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Bitcoin is back—and so is Michael Saylor’s Strategy, which made its first buy in two months
Business15h ago

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.

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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
Business15h ago

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.

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UAE intercepts Iranian drone over its waters in ‘dangerous escalation’ from Iran war—and threatens responding ‘decisively to aggressors’
Business15h ago

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.

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Gas topped $4 daily in August for the first time. New U.S. strikes on Iran are sending oil prices even higher again
Business15h ago

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.

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Nissan and Honda ink deal to boost competitiveness with ‘faster development cycles’ in vehicle software
Business15h ago

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."

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We’re living in the ‘G-shaped economy’—where boomers control $90 trillion, and everyone else waits
Business16h ago

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.

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X’s AI tool Grok now allows users to buy or lend crypto with MoonPay integration
Business16h ago

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.

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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
Business18h ago

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

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China’s AI-fueled IPO boom hits $54 billion this year, with chipmakers and Shein’s $1.7 billion IPO
Business18h ago

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.

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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
Business18h ago

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

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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
Business18h ago

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

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Cash-strapped colleges are draining their endowments to survive
Business18h ago

‘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.

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‘Heaven help us’: One dead and 15 missing after flash flood in Grand Canyon—with more flooding forecast
Business18h ago

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

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Japan doubled defense spending to counter China. Now it wants AI, underwater attack drones and government-owned weapons factories
Business19h ago

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.

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Current price of oil as of August 31, 2026
Business20h ago

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.

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Workers are flooding this ex-McKinsey consultant with bad-boss horror stories. He says they reveal a growing trust problem for HR