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Chinese drivers stopped buying cars, so China’s automakers shipped them abroad: exports are up 64% while domestic sales fell 27%

Chinese automakers are challenging the European auto industry with lower costs and prices

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Fortune

The Associated Press

‘This is not the time to ease pressure on Moscow’: EU imposes sanctions on nearly 1,600 Russian people and firms for drone and missile development

The move brings the total number of Russian officials and “entities” targeted by the EU to more than 4,500—including President Vladimir Putin.

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Fortune

The Associated Press

The economics Nobel went to the scholar whose work shaped Fed ‘forward guidance,’ a practice Kevin Warsh says has gone too far

Stanford’s Robert Hall and Columbia’s Michael Woodford reshaped how central banks respond to crises by studying consumer and business decisions.

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Fortune

Kostya Manenkov

‘Putin does not read Truth Social’ Zelenskyy said Russia continues striking Ukraine’s energy facilities despite Trump’s ceasefire claim

He said Kyiv would stop striking Russian refineries if Moscow also stopped attacking Ukraine’s energy system, and asked Trump to press the Kremlin

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Fortune

The Associated Press

‘His alleged actions show a blatant disregard to the Venezuelan people’: Businessman taken into U.S. custody after ‘corrupting’ government programs

Alvaro Pulido was indicted as part of an investigation into his business partner, Alex Saab, a one-time ally of ousted President Nicolás Maduro.

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Fortune

The Associated Press

The White House wants AI companies to police themselves. OpenAI just showed why that’s dangerous

We've worked inside a frontier AI lab and help AI whistleblowers speak out. OpenAI's latest firings expose the risks of AI self-policing.

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Fortune

Alex Turner

Judge orders Trump to cancel $20 million in taxpayer-funded political ads ahead of the midterms

The ads praised Trump and included footage from his presidential campaign, drawing criticism from Democrats and some Republicans

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Fortune

The Associated Press

‘This is not what we expected’: Latino voters were key to Trump’s win in a swing Pennsylvania district. Now some say the economy is ‘worse’

In a key congressional district, frustration over gas and grocery prices is testing Republican efforts to retain Latino voters ahead of the midterms.

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Fortune

Mike Catalini

Psychedelic medicine is approaching a turning point. The U.S. needs the right infrastructure to be ready

Today’s psychedelics bear little resemblance to 1970s counterparts. These medicines undergo rigorous clinical trials and licensed manufacturing...

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Fortune

Dane Stevens

McKinsey: Automation could absorb half of U.S. work hours by 2035. The bigger challenge is skills

Roughly 11 million workers may need new occupations, and many lack the skills or credentials to get there.

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Fortune

Sheryl Estrada

What happens if a rogue AI agent goes on a spending spree? Mastercard is preparing for that risk

As AI agents gain spending power, business leaders face a costly question of who pays when they go rogue.

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Fortune

Ruth Umoh

Recruiters could soon interview a candidate’s AI twin before meeting a real person

Career breaks and industry switches can be awkward to explain on paper. A new AI tool lets a job seeker’s digital twin explain them to a recruiter.

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Fortune

Kristin Stoller

Current price of oil as of October 12, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

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Fortune

Joseph Hostetler

A ‘Mathpocalypse’ is freaking out cyber and finance experts. Should you be worried?

New findings from OpenAI revealed its agents are math geniuses—leading prominent figures to warn public encryption is in danger.

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Fortune

Jeff John Roberts

U.S. private equity deal value was down 14.1% in Q3, PitchBook says

U.S. private equity—with more than $3 trillion in assets under management—has been locked in a cycle of geopolitical uncertainty and possible rate...

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Fortune

Allie Garfinkle

Whose side is he on? U.S. threatens to cut arms supplies to Ukraine as Trump announces ‘ceasefire’ that is immediately ignored by Russia

Everything you need to know before you reach the office this morning.

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Fortune

Jim Edwards

Jeff Bezos says he gets why socialism is surging—but politicians blaming ‘greedy landlords’ have housing all wrong

A record 43% of Americans now view socialism favorably. The Amazon founder blames government policy for the housing crunch and holds up Austin, where...

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Fortune

Bilin Lin

Can we trust OpenAI and Anthropic to monitor their own technology?

Also: All the news and watercooler chat from Fortune.

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Fortune

Diane Brady

Vikrom Kromadit built his industrial park empire in Thailand and Vietnam. Laos is next

Laos's green energy potential is why the Amata CEO calls the landlocked country "the battery of Southeast Asia.”

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Fortune

Angelica Ang

The IEA wants to empty its oil reserves faster. A federal watchdog says the US isn’t ready for what comes next

The IEA is racing to finish its record 400 million-barrel release as diesel prices spike. Meanwhile, a federal watchdog warns the U.S. Strategic...

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Fortune

Heather Occhino

Nearly 70 million kids now have a Trump Account—but parents have to claim it first. Here’s who gets the $1,000

The Treasury auto-enrolled more than 60 million children, and $4.5 billion has flowed in since July. But the government’s seed money only goes to...

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Fortune

Fernanda Tronco

‘If nothing is done, it’s almost inevitable’: Ukraine’s Yuriy Ryzhenkov on why steelmaking is on the brink of collapse as Russian bombing intensifies

Amid the flames and destruction, CEO of Metinvest says that this period of the war is as tough as anything the company has seen since Russia’s...

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Fortune

Kamal Ahmed

China’s debt interest costs are soaring above U.S. levels and growing faster than any other budget category as Beijing struggles to prop up growth

China's spending on interest payments accounts for 19% of the central government’s general public budget and skyrocketed 341% between 2013 and 2025.

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Fortune

Jason Ma

Senior Iranian official threatens to attack cables, data centers, and AI facilities in the region if the war escalates sharply again

The head of Iran’s Supreme National Security Council also said Tehran finds the latest response from the United States “insufficient.”

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Fortune

The Associated Press

Senators call on Trump to scrap diesel deal, saying U.S. ‘should not provide Putin with a financial lifeline’ while Russia kills Ukrainian civilians

“We were very clear that Russia is the aggressor. Russia is the one who can end this war by backing out of territory that they occupied.”

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Fortune

Kevin Freking

Trump and Marco Rubio are ‘extremely pissed off’ by U.S. Ambassador to Greece Kimberly Guilfoyle’s reported conduct and are considering firing her

The Wall Street Journal has reported questionable conduct by Guilfoyle, including offering to use her influence inside the administration in return...

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Fortune

Matthew Lee

The paradox at the core of the AI revolution: The faster we innovate, the slower we grow

Fifty years of digital innovation delivered spectacular adoption and declining productivity. Will AI repeat that pattern?

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Fortune

Nicholas Gordon

Oil theft is on the rise in the heart of U.S. shale country—and it’s mostly carried out in targeted, organized heists

According to a Dallas Fed survey, 32% of executives who were impacted by oil theft said it had increased slightly over the last 12 months.

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Fortune

Jason Ma

The movie about a Facebook whistleblower who leaked incriminating details disappoints, and ‘The Social Reckoning’ will likely lag ‘The Social Network’

“The Social Reckoning” earned an estimated $5.5 million from 2,606 North American theaters.

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Fortune

Lindsey Bahr

For the first time ever, 10-year bond yields track diesel prices more closely than crude, and Trump’s fuel deal with Putin may be too little too late

"Ultimately, diesel and gasoline drive inflation, not crude oil."

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Fortune

Jason Ma

DOJ is investigating news organizations for antitrust violations after the White House TV pool halted coverage when Trump banned several outlets

The television pool of five broadcasters last month ceased presidential coverage after the administration barred CNN, MS NOW and Politico from the...

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Fortune

Alanna Durkin Richer

Pope says death penalty is ‘inadmissible’ after head of U.S. bishops calls DOD plan to livestream execution ‘barbaric promotion of a culture of death’

“The common good can be safeguarded and the requirements of justice can be met without recourse to capital punishment."

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Fortune

Nicole Winfield

Trump’s tariffs forced U.S. factories to close down or lay off workers, and longtime GOP voters are revolting—’It was like taking a knife to the back’

“So much for bringing jobs back,” Vandermeer said. Next month, he plans to vote straight Democrat in the midterms.

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Fortune

Bernard Condon

Twilio CEO interviews candidates for 45 minutes over dinner—and if you say ‘I’ too much or don’t ask any questions, you don’t get the job

EXCLUSIVE: Twilio CEO Khozema Shipchandler warns job seekers two common interview mistakes could cost them the job: skipping questions—or leaning...

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Fortune

Orianna Rosa Royle

MacKenzie Scott alone accounted for one-third of America’s $19.2 billion in megagifts last year

MacKenzie Scott donated $7 billion in 2025, bringing her five-year total to $26.2 billion, even as she stays out of the spotlight.

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Fortune

Sydney Lake

The hawk Fed Chair who broke the bond market?

Kevin Warsh may be the most hawkish Fed chair since Paul Volcker. September's Treasury rout shows what that costs.

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Fortune

George Calhoun

Meet Aurora: the invite-only, $10,000-a-year AI concierge that anticipates the ultra-wealthy’s every need

Backed by $12 million from VCs and family offices, Aurora pairs AI with human tastemakers to manage members’ health, travel, and dining.

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Sydney Lake

The invisible hand needs a conscience

Capitalism’s invisible hand can create wealth. It cannot decide what we owe one another.

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Fortune

Linda K. Brown Stroh

McKinsey research shows AI creating more jobs than automation displaces — but 11 million American workers will need help this decade

Our new research finds that the U.S. economy will have more jobs by 2035 than today, but the mix will differ.

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Fortune

Eric Kutcher

Ancestry’s CEO says a billionaire boss taught him to eat lunch with employees in the break room—it gives him access to ‘unfiltered information’

Ancestry’s Howard Hochhauser says that CEOs get wrapped “in this bubble.” Apple and Duolingo execs are also breaking free by breaking bread with...

yesterday 10

Fortune

Emma Burleigh

Gen Z is defying trends and betting on California—even as older Americans flee to the Sun Belt

California’s population has shrunk since 2020, but new U-Haul data ranks it Gen Z’s No. 2 destination, behind only Texas. Big-city jobs, family...

yesterday 2

Fortune

Andrew McGowan

‘Never seen anything quite like it’: How rural Pennsylvania’s $165 million data center fight became representative of the bipartisan battle against AI

NorthPoint Development’s $10,000 offer to Hazle Township residents in exchange for data center approval has become the latest flashpoint around AI...

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Fortune

Sasha Rogelberg

This Hispanic Heritage Month, our stallout in the Fortune 500 gives me pause

Boards celebrate leadership firsts. They must also build the support that makes those leaders succeed.

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Fortune

Anna Maria Chavez

‘If we wait, will it even be there?’ What I’m hearing from retirees about Social Security

My clients are afraid Social Security won't be there. My advice: Don't let that fear talk you into a smaller check.

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Fortune

Ray R. Harris

Inside the rage retreats where women pay up to $4,500 to get in touch with their anger

Organizers say the work goes beyond screaming, helping women recognize boundaries and respond to anger when they return home.

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Fortune

Tatiana Sataua

Warren Buffett watches YouTube, David Solomon DJs, and this former NFL coach spent 12 years playing Minecraft

Mike Tomlin went viral for his 12-year Minecraft city—but like Warren Buffett and David Solomon, he shows how hobbies can help people recharge for...

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Fortune

Preston Fore

The new energy permitting bill to feed the AI boom unites fossil fuels and clean power while dividing green energy and environmentalists

The legislation expedites everything from gas pipelines to solar farms, but potentially triggers more environmental risks.

yesterday 10

Fortune

Jordan Blum

Trump says he’s evaluating whether the U.S. should join Saudi Arabia’s fight against Iran-backed Houthi rebels in Yemen after fresh attacks on Riyadh

“We may. We’re going to look at it,” Trump said. “We just found out about the recent attack. So we’ll make a decision. We move very quickly.”

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Fortune

Samy Magdy

Christa Pike is discharged from a hospital and back in prison after becoming the first person to survive lethal-injection drugs during an execution

Pike had been hospitalized since surviving two doses of pentobarbital as the state attempted to execute her on Sept. 30 for the 1995 beating and...

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Fortune

The Associated Press

Ship captains and crews transiting the Strait of Hormuz make so much danger pay that they’re ‘almost being viewed as mercenaries’

Tanker captains can earn $100,000 a month for transiting the strait, plus a $50,000 bonus for each trip, and sailors can make at least four to six...

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Fortune

Jason Ma