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Trump threatens to blow Kharg Island ‘to smithereens’ as U.S. and Iran trade fresh strikes in the Gulf, driving up the price of oil

7 0
31.08.2026

Trump threatens to blow Kharg Island ‘to smithereens’ as U.S. and Iran trade fresh strikes in the Gulf, driving up the price of oil

Good morning. On Fortune’s radar today:

Temu funds an army of fake accounts on Instagram and Facebook.

Iran and the U.S. resume hostilities in the Gulf.

Markets: Oil up, stocks mixed.

Stocks go up as Trump’s ratings decline, Bank of America says.

AI’s building boom is big, not bubbly.

People are using LinkedIn to find and screen their dates.

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Temu spent up to $962 million on ads that helped finance an army of fake creators on Meta, research claims

The top creator in Temu’s European partnership ad network on Facebook and Instagram is “YaLilly.” Her posts have been boosted by Temu and were seen more than 1 billion times across both platforms in a 16-month period ending in April 2026, according to Online Risk Labs, a cyber research organization. The only problem is that YaLilly doesn’t exist. In fact, of the top 100 creators boosted by Temu’s partnership ads, 73 are likely fakes, the research suggests.

And yet Temu spent as much as $962 million on ads like these in the period, in the U.K. and 27 E.U. countries, according to ORL.

It is not clear whether Temu is doing this deliberately or is being fooled by scammers into spending money on influencers who don’t exist. But the likely fake accounts could set up a legal quagmire for Temu, as European law bars the use of misleading advertising formats.

Apple’s John Ternus era: Can a low-key engineer win the AI race? - Sebastian Herrera

Why Meta is Paying Billions to Settle This Case | Fortune Daily

The Strait of Hormuz crisis threatened Asia’s oil and gas lifeline. Here’s how the region is rewriting its energy playbook - Katie Silver

Why the head of Taiwan’s stock exchange wants you to look past TSMC—and embrace the ‘technology island’ - Nicholas Gordon

‘We’re facing a double whammy’: America’s hottest tinned fish snack is shrinking by nearly half thanks to climate change and war in Iran - Catherina Gioino

This Gen Xer spent 28 years in a cubicle and never made more than $70,000. At 59, she made $500,000 in the creator economy - Tatiana Sataua

31-year-old millionaire........

© Fortune