Financial Mindset

The Supreme Court ruled that President Donald Trump’s global tariffs were illegal, but that’s not going to stop the administration from holding on to the money it’s already collected. Sources told Politico officials are weighing various ideas, including discouraging companies from demanding refunds, arguing revenue collected previously is retroactively legal under new tariffs, and letting claimants skip to the front of the line if they give up a portion of the funds they’re owed. The White House did not immediately respond to Fortune ’s request for comment. Last Friday, the top court struck down tariffs invoked under the International Emergency Economic Powers Act, upholding decisions from lower courts. Hours later, Trump announced a fresh set of global levies under a different law as well as investigations that are likely to lead to longer-term duties. But the Supreme Court didn’t detail a process for refunding tariff revenue, leaving it to the U.S. Court of International Tra...

Anthropic CEO Dario Amodei says the most important thing he does each day has nothing to do with training AI models or shipping products. Instead, he said, he spends almost half his time working on company culture. “I probably spend a third, maybe 40%, of my time making sure the culture of Anthropic is good,” Amodei said in an interview on the Dwarkesh Podcast earlier this month.  Amodei’s comments offer a rare window into how one of tech’s most closely watched CEOs manages a company that now sports 2,500 employees and is valued at $380 billion . As Anthropic has expanded, it has become nearly impossible for Amodei to weigh in on every technical and product decision, he said. So rather than dig into the finer details, he has tried to focus on the bigger picture: making sure his employees like working for Anthropic; that the company’s mission and values are clear; and that all workers are working toward the same mission instead of against one another, as he said happens at othe...

Federal health care spending has reached a historic turning point. It is now the single largest category of federal expenditures, having surpassed other spending categories including Social Security, national defense and interest payments made to chip away at the national debt. If current trajectories hold, health will be eating up an enormous share of the country’s spending for years to come. The government is on track to spend over $26 trillion on major health programs through 2036, according to the nonpartisan Committee for a Responsible Federal Budget’s review of the country’s most recent fiscal outlook, published Wednesday.  And the numbers are astonishing. The surge will be led by Medicare, which is projected to double in cost from $988 billion in 2025 to almost $2 trillion by 2036. Over the next decade spending on Medicaid and the Children’s Health Insurance Program is also expected to grow by 36%, while subsidies for the Affordable Care Act marketplaces are forecasted to...

The Central Intelligence Agency offered help to potential informants in Iran on Tuesday, providing Farsi-language instructions on ways to safely contact the U.S. spy agency as President Donald Trump mulls  possible military strikes . The  post  is the latest in a series of recruitment pitches  in Farsi, Korean, Russian and Mandarin  that offered secure ways to contact the CIA. The Farsi-language message posted Tuesday to X , Instagram and YouTube , however, comes at an especially uneasy time in U.S.-Iran relations and as the Iranian theocracy faces new protests at home. The U.S. has  assembled its largest military force  in the Mideast in decades as tensions with Iran have risen. Trump threatened military action in January in response to the government’s fierce crackdown on national protests before shifting his focus to Iran’s disputed nuclear program and  warning it to make a deal . Another  round of nuclear talks  is planned for lat...

Prediction markets are exploding in popularity as people rush to bet on real world events, from sports to elections to celebrity behavior. The platforms, however, have also tempted individuals to make a quick buck from insider information. The latest example came on Wednesday when Kalshi announced it had closed investigations into two cases of insider trading, including one that targeted a MrBeast employee named Artem Kaptur who made over $5,000 on bets related to YouTube streaming milestones. The second investigation targeted a long-shot candidate for California governor in violation of Kalshi’s rules for politicians. In a salty tweet sharing news of the investigations, Kalshi co-founder Luana Lopes Lara, using a variation of a popular crude expression, wrote “F***ed around, found out.” Kalshi also suspended Kaptur for two years and imposed a penalty of $20,397.58 , using a power granted by the Commodity and Futures Trading Commission for exchanges to impose fines on customers....

“Today” show host  Savannah Guthrie  said her family is now offering a $1 million reward for information leading to the recovery of her mother, Nancy Guthrie, who went missing from her Arizona home more than three weeks ago. Savannah Guthrie said Tuesday that her family is still holding out for a miracle and hopes her mother will be found alive, but she also acknowledged that they realize it might be too late. “She may already be gone,” Savannah Guthrie said in an Instagram post. “She may already have gone home to the Lord that she loves and is dancing in heaven.” Nancy Guthrie , 84, was last seen at her home just outside Tucson, Arizona, on Jan. 31 and was reported missing the next day. Authorities believe she was  kidnapped , and the FBI  released surveillance videos  of a masked man who was outside Guthrie’s front door on the night she vanished. Drops of her blood were found on the front porch, but authorities haven’t publicly revealed much evidence. Sin...

Criminal investigators hoping to develop suspects in difficult cases have been asking Google to reveal who searched for specific information online, seeking “reverse keyword” warrants that critics warn threaten the privacy of innocent people. Unlike traditional search warrants that target a known suspect or location, keyword warrants work backward by identifying internet addresses where searches were made in a certain window of time for particular terms, such as a street address where a crime occurred or a phrase like “pipe bomb.” Police have used the method to investigate a series of  bombings in Texas , the  assassination  of  a Brazilian politician  and a fatal  arson in Colorado . It’s not a wild guess by investigators to conclude that people are using Google searches in all manner of crimes, as the company’s search engine has become the main gateway to the internet and users’ daily lives increasingly leave online traces. The potential value to inve...