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Exclusive: Accounting AI startup Rillet reaches unicorn status with $1 billion valuation. Its founder says he wants to give CFOs back their weekends | Fortune 0
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- August 18, 2026
Rillet, a two-year-old startup building what it calls the first truly AI-native accounting platform, has raised a $100 million Series C at a $1 billion valuation, the company told Fortune exclusively—joining the ranks of AI-era unicorns racing to unseat decades-old enterprise software giants. The round, led by ICONIQ with participation from returning backers Sequoia Capital,
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With the national debt nearing $40 trillion, Bank of America has a warning for bond investors | Fortune 0
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- August 18, 2026
The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds” framework is becoming ever more applicable. Boiled down, Hartnett warns the US is accumulating too much debt, which causes the government to issue too many bonds—and investors want compensation for the fiscal risk—making long-duration Treasurys
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OpenAI data center deal with Nvidia comes in $145 billion lower than reported—signaling concerns of artificial demand for chips | Fortune 0
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- August 18, 2026
What came first—the chicken or the egg? Or in AI’s case, the investment or the revenue? Nvidia is guaranteeing up to $105 billion for OpenAI’s planned data center campus in Pike County, Ohio, coming in lower than the roughly $250 billion guarantee it was considering, according to reporting by the Wall Street Journal and CNBC.
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Reed Hastings says he learned why companies aren’t families after laying off one-third of Netflix: ‘You would never lay off two of your kids’ | Fortune 0
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- August 18, 2026
Long before becoming a Hollywood mainstay with a market cap of over $315 billion, Netflix was struggling to stay afloat. After the dotcom bust, the then DVD rental company was forced to make its first major round of layoffs in 2001, cutting roughly one-third of its workforce. For Netflix cofounder Reed Hastings, the experience drove
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Home Depot rides America’s housing affordability problem to sales increase on home DIY projects | Fortune 0
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- August 18, 2026
Home Depot’s sales improved during its second quarter as customers focused on smaller projects during the summer months with the U.S. housing sector still mired in a slump. Revenue increased to $47.86 billion from $45.28 billion, edging out the $47.24 billion that Wall Street had expected, according to a survey by FactSet. Globally, sales at stores
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Financial adulthood has moved to the 30s: ‘the decade when people come to terms with where they are in life’ | Fortune 0
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- August 18, 2026
For most of American history, financial adulthood arrived with a recognizable set of keys: the house keys, the car keys, the filing cabinet where you kept the insurance paperwork. The timing was fairly predictable—late 20s, early 30s at the outside. Then it took a while longer to get the keys. A new survey from fintech
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