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Fortune | FORTUNE Fortune 500 Daily & Breaking Business News
- As Trump administration readies economic warfare measures against Iran, top security official vows retaliation ‘in a seismic manner’by The Associated Press on 23 August 2026 at 21:09
Treasury Secretary Scott Bessent on Monday is expected to announce the new measures after the U.S. vowed to impose an “unprecedented” level of economic warfare and isolation.
- Jared Kushner has negotiated with adversaries like Iran as Trump’s envoy. Now he’s talking with the House Democratic leader ahead of midtermsby Lisa Mascaro, The Associated Press on 23 August 2026 at 20:50
It’s a signal that the White House is seeking ways to work with Democrats if they wrest majority control from Republicans in the midterm elections.
- ‘This is heartbreaking for me’ — A sailor serving on the USS Abraham Lincoln just found out his father was caught in Trump’s immigration crackdownby Safiyah Riddle, Amy Taxin, Jack Brook, The Associated Press on 23 August 2026 at 20:39
“I don’t know how I can mentally continue working 12+ hour days knowing that my dad is somewhere, possibly treated like a criminal,” Joshua Aviles wrote.
- The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation is likely soonby Jason Ma on 23 August 2026 at 19:59
“And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate.”
- Burry says he sold Alibaba, calling it pricey before share saleby Se Young Lee, Bloomberg on 23 August 2026 at 17:58
“I planned to move most of it back after a month or two. No longer,” Burry said in a post on Substack.
- The Treasury’s recent moves in the bond and currency markets add up to ‘soft-form financial repression’ to lower debt costs, economist warnsby Jason Ma on 23 August 2026 at 17:22
“If the market price of USTs is not ‘allowed’ to adjust down, the foreign exchange price of UST owned by foreign investors has to adjust via a weakening in the dollar.”
- Earth’s forests took 100,000 years to recover from the last climate shock — this one is moving 10 times fasterby Regan E. Dunn, The Conversation on 23 August 2026 at 15:17
Tree fossils that are 56 million years old are trying to tell us something about how long forests take to bounce back from extreme heat.
- Reno’s mayor to residents near a fast-growing wildfire: your life matters more than your houseby The Associated Press on 23 August 2026 at 14:56
The Hawk Fire has already burned structures and forced 14,000 homes to evacuate, just weeks after fires north of Reno scorched 100,000 acres.
- Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke saysby Jason Ma, Shawn Tully on 22 August 2026 at 23:11
“Taming inflation is the key to restoring stability in Venezuela, and all the other progress flows from that.”
- Powering the cloud after 60 years underground: Ormat’s geothermal pivot to AIby Jordan Blum on 22 August 2026 at 07:11
Ormat launched two next-gen geothermal projects with Sage Geosystems and SLB in Nevada.









