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The Latest Breaking News from Fortune

A tale of two CEO successions: Walmart’s clean break vs. Target’s much-criticized transition

Both companies have new incoming CEOs, but Walmart’s appointment has been better received by Wall Street.

Fortune

Younger customers are venturing back to real-world stores, says AS Watson CEO Malina Ngai: 'They want to be able to touch the product'

AS Watson, which is nearing its 185th annivesary, has almost 17,000 outlets in 31 markets, including mainland China, Malaysia, Turkey and even Ukraine.

Fortune

OpenAI’s Fidji Simo says Meta's team didn't anticipate risks of AI products well—her first task under Sam Altman was to address mental health concerns

Simo has overseen OpenAI's addition of parental controls to ChatGPT teen accounts, and says more mental health safeguards are to come.

Fortune

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The same day as his Epstein humiliation in the House, Trump rages at media's questions while sitting next to Saudi crown prince

Trump called the murdered Jamal Khashoggi "somebody that was extremely controversial" and said the reporter was a "terrible person" embarrassing his guest.

Fortune

Exclusive: Crypto exchange Kraken raises $200 million from Ken Griffin's Citadel Securities to notch $20 billion valuation

Once skittish about digital assets, Citadel has warmed towards the crypto business in 2025.

Fortune

'Bond King' Jeffrey Gundlach warns of the next financial crisis: 'It has the same trappings as subprime mortgage repackaging in 2006'

The billionaire founder of DoubleLine Capital is also convinced the $38 trillion national debt will be addressed before 2030: "something has to happen."

Fortune

The iPhone Air can't catch a break: The key designer behind the struggling ultrathin phone just left Apple for an AI startup

Abidur Chowdhury was a key designer on the iPhone Air. Apple even picked him to narrate the phone's introductory video.

Fortune

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Gen Z is over the 'girlboss' era, now it’s all about the 'snail girl'—and career experts approve

Although being a “snail” girl is the antidote to years of perpetually hustling under the influence of the girlboss era, it’s not the death knell to ambition.

Fortune

Half of millennial and Gen Z couples pick engagement rings with lab-grown diamonds— 'well beyond what the mining industry had expected,' McKinsey says

Couples appear to care more about gemstone size and price than sustainability.

Fortune

AI politics breaks into a New York congressional race — and signals more fights to come

A $100 million pro-AI super PAC, backed by Andreessen Horowitz and OpenAI president Greg Brockman, has found its first target.

Fortune

'The kids aren't alright,' warns top economist, as unemployed, pessimistic Gen Z living with parents blow a $12 billion hole in consumption

"Young workers are more vulnerable to economic downturns, and a weak labor market can have a lasting negative impact on wage growth and earning potential," economist Grace Zwemmer writes.

Fortune

Instagram boss says new AI engineers have 2 qualities driving their success, and you don't need an Ivy League degree: 'A lot of them are in their 20s'

"It's a much more scrappy type of engineer or researcher really than what most of the Valley has historically hired,” said Adam Mosseri, CEO and president of Instagram.

Fortune

Google releases its heavily hyped Gemini 3 AI in a sweeping rollout

The widespread release of Gemini 3, including its fastest-ever deployment into Google Search, signals the company's ambition to dominate in AI.

Fortune

Trump tells Americans the economy is better than ever at McDonald’s summit: 'This is also the golden age'

The president said he wanted the term “affordability” to belong to Republicans, not Democrats amid growing economic anxiety.

Fortune

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Michelle Obama shares one easy tip for professionalism that built her confidence and helped her be successful

The attorney and former U.S. First Lady never follows trends, wears outfits that make her feel beautiful, and tailors all her clothes to make different styles accessible.

Fortune

Billionaire tech founder Joe Liemandt says getting an MBA isn't worth it and you don't learn a 'fraction' of what you would as an entrepreneur

When asked by podcaster Codie Sanchez if people should get an MBA, Joe Liemandt promptly said “no.”

Fortune

Scott Galloway fears a market crash or social crisis in the next year. A top finance professor recommends putting money into baseball cards

NYU Stern Finance professor told Galloway the market isn't pricing in "a market and economic crisis that is potentially catastrophic."

Fortune

With entry-level hiring shrinking, Gen Z turns to double majoring for protection from AI

Doubling majoring is exploding on college campuses—and it could be Gen Z’s secret weapon in a shaky job market.

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Fortune

For the first time in 20 years, AI bubble fears have fund managers saying companies are overdoing it

Even Wall Street thinks this has gone too far. Some 202 panelists managing $550 billion in AUM are raising a concern unseen since 2005, according to BofA.

Fortune

How America fell behind in the rare-earth race—and how it hopes to come back

After decades of inaction, the U.S. is racing to reclaim its rare-earths supply chain from China’s grip before the next trade war begins.

Fortune

The $38 trillion national debt 'milestone' and the accounting mirage

I ran for Congress on the idea that the national books of the U.S. government were not being kept in a transparent, modern accounting framework. I won.

Fortune

We lost our kids to social media. Now AI wants their minds

We talk about AI as if it’s a futuristic, but the real danger is letting technology reshape what it means to be young before deciding what to protect.

Fortune

Why generative AI went from risk to business imperative at U.S. companies

Research shows adoption, investment, and usage rates for generative AI are accelerating.

Fortune

Bitfury, known for its Bitcoin mining, launches $1 billion initiative to invest in ethical tech

The company plans to spend $200 million in the next year alone and will focus on fields like self-sovereign identity and quantum tech.

Fortune

Jeff Bezos is putting $6.2 billion—and himself as co-CEO—behind a new AI startup. Bubble? That’s no trouble

AI bubble talk continues to fizz, but Amazon founder Jeff Bezos—one of the world’s richest people—doesn’t seem bothered by the mounting foam.

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