Business / Finance
There’s a deal on the table to reopen the Strait of Hormuz, but Trump isn’t part of it—yet
Everything you need to know before you reach the office this morning.
Kalshi’s $1.5B equity offering is three-quarters sold at $1.12B
The Form D lists 71 investors and says Kalshi is relying on an exemption that allows certain private offerings without SEC registration.
Why we should all get used to high household energy bills
The government is under pressure to support billpayers when domestic energy prices predicted to rise further.
Euro stablecoins get a mainstream push as Revolut begins rolling out EURR in Europe
Revolut said the stablecoin’s rollout will start with a select group of customers within Denmark, Poland, and Portugal.
Energy prices to rise to three-year high
Energy bills for millions of households are expected to rise this winter to the highest level for three years
Mark Cuban wants companies to give their employees more stock. Could that narrow the divide between the bottom and the top?
Also: All the news and watercooler chat from Fortune.
Why Dubai has become a city of retail traders
In this week’s Fortune Gulf Brief.
Japan targets early 2030s launch for blockchain-based stock and bond settlement system
Japan's regulators are racing to modernize national settlement systems to prevent institutional investors and foreign capital from fleeing to overseas markets.
Live updates: Zcash pulls back 8% as its Grayscale ETF goes live, capping a 60% rally
The privacy coin's spot ETF began NYSE trading Tuesday, which was one of the catalysts behind its surge to an eight-year high. Now traders are selling the news, with leverage stac…
London rollout of robotaxis delayed amid lack of guidance for firms to follow
Uber and Wayve had said they would start trips ‘later this summer’ but launch now looks unlikely this yearThe rollout of robotaxis on the streets of London is unlikely to happen t…
'Ironing board' seats to be replaced on Thameslink
Greater Thameslink Railway says these upgrades are part of the wider renationalisation plans.
Revolut rolls out euro stablecoin in three European markets
The Bridge-issued EURR token will support multiple blockchains and external wallets, with wider EEA availability expected this year.
A massive $6.4 billion bitcoin options expiry on Friday could amplify volatility
Friday’s expiry follows bitcoin’s surge from $62,000 to $80,000, leaving market makers with increased exposure to manage around several key strike prices.
Tornado Cash developer Roman Storm’s retrial delayed to April 2027
Judge Katherine Polk Failla adjourned the retrial in light of Storm’s pending motion for acquittal and related request for a continuance.
Bitcoin ETFs tear through 2026 outflows in 7-day hot streak
The funds are $390 million short of October 2025’s inflow total after cutting their year-to-date net outflow deficit by more than half.
Nike brought back a 32-year veteran to save the $60B brand. Two years later, its turnaround is still a ‘long, hard slog’
CEO Elliott Hill has started fixing Nike’s business. Winning back the consumers and cultural cachet it lost could be much harder.
North Carolina teachers spend an average of $1,632 of their own money on school supplies—a foundation just gave $2M so they won’t have to
Exponential Scholars, a new North Carolina nonprofit founded by "quiet philanthropist" Holly May, funded more than 3,200 DonorsChoose projects at once.
Bill Gates fears world leaders are unprepared for 3 major AI risks: ‘Stunted’ child development; emboldened criminals; and vanishing jobs for Gen Z
"I believe we need time to prepare for the period of social, political, and economic upheaval we are about to enter."
Gen Z wants to be ‘tradwives.’ New data reveals the exact salary your spouse needs to earn—and in most states it’s under $100K
And for the average American family, one parent would need to be earning around $80,000 to sustain the other quitting their job to raise one child.
Instagram is like a digital cigarette and box of chocolates that ‘encourages gluttony.’ How do you fix that?
“The algorithms change the whole nature of it, and that’s where my chocolate metaphor went awry,” safety advocate Larry Magid told Fortune.
Deloitte puts the lunar economy at up to $566 billion by 2050—and SpaceX is speeding the timeline
The report, shared with Fortune ahead of its Wednesday release, says ripple effects could push the total above $1.1 trillion if water-ice rocket fuel and orbital data centers pan …
Corporate America’s anti-woke retreat is reaching its limits
Some absurd questions I hear: Which words create the most risk? Which commitments belong in communications? Which programs are central to the business?
Fears grow for fourth rate hike after Australia sees higher-than-expected July inflation
Bureau of Statistics says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hikeFollow our Australia news live blog for latest …
Households in Great Britain face 4% rise in energy bills to average of £1,723 from October – business live
Gas and electricity bills rise by £60 on average to highest level in three yearsThere is no relief in sight for January, with bills forecast to rise a further 9% in the new year, …