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After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others

18 July 2026 No Comments

President Donald Trump’s sweeping tariffs were supposed to raise billions of dollars in government revenue while reviving American manufacturing. Instead, after a Supreme Court ruling forced the Trump administration to…

So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits

17 July 2026 No Comments

The rich have always wanted to own a team, and it seems like lately, they’ve been lining up to do it. Steve Ballmer walked away from Microsoft’s C-suite and into…

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

17 July 2026 No Comments

In May, Shark Tank star Kevin O’Leary blamed alleged Chinese Communist Party-adjacent actors for an influx of what he characterized as bot-written comments flooding his social media accounts in opposition…

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

17 July 2026 No Comments

Chinese startup Moonshot AI has released the latest version of its Kimi AI model, further shrinking the performance gap between Chinese and U.S. models just as global businesses are increasingly…

Netflix used AI to produce 17 minutes of a documentary ‘twice as fast and at half the cost’—as streaming competition drives up content spending to $20 billion

17 July 2026 No Comments

The American Experiment is a five-episode documentary that features Apocalypse Now actor Martin Sheen as the voice of George Washington along with a panoply of contemporary figures from U.S. politics…

Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack pushing crypto tokenization

17 July 2026 No Comments

Airbnb cofounder and CEO Brian Chesky appears to have been the target of a cyberattack, a source with knowledge of the situation tells Fortune. On Monday, Chesky’s X account shared…

Kalshi hits pause on flight cancellation contracts

16 July 2026 No Comments

Prediction market platform Kalshi has called off plans for its latest offering: Contracts that would let users wager on upcoming flight cancellations. The decision comes after social media users expressed…

The global rich like Peter Thiel are eyeing the exit door. Argentina wants to be a ‘serious contender’ in the migration game

16 July 2026 No Comments

Palantir co-founder Peter Thiel made headlines when he decided to relocate with his family to Buenos Aires earlier this summer, purchasing a mansion in an exclusive neighborhood and meeting with…

The MacKenzie Scott paradox: How a bull market lets billionaires give away tens of billions without getting poorer

16 July 2026 No Comments

MacKenzie Scott has spent the past several years rapidly giving away her $35 billion fortune. But due to the power of Amazon shares she received upon her 2019 divorce from…

Klook cofounder Ethan Lin thinks the U.S. can help grow one of Asia’s largest travel platforms

16 July 2026 No Comments

The inspiration for Klook, one of Asia’s largest travel platforms, came after Ethan Lin took a trip to Nepal with his friend Eric Gnock Fah. The two were both analysts…

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