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The Latest Breaking News from Fortune

Tala Health raises $100 million seed round, as Ritankar Das seeks to build a holding company for the AI era

Titan Holdings has launched a new operating company, Tala Health, Fortune has exclusively learned.

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Some CEOs have vowed to revolt against a Zohran Mamdani win. Jamie Dimon says he'll 'call him and offer my help'

Also: All the news and watercooler chat from Fortune.

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Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading

“We were right. Please learn from us,” its CEO said in an interview ahead of the earnings call.

Fortune

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A 'jobless profit boom' has cemented a permanent loss in payrolls as AI displaces labor at a faster rate, strategist says

"We suspect that job losses in tech have been driven mainly by AI displacement."

Fortune

Ferrari to release crypto token

The Italian car maker says the 100 top token owners will be able to bid on the luxury car

Fortune

Sam Altman sometimes wishes OpenAI were public so haters could short the stock—‘I would love to see them get burned on that’

Despite reports, Altman said OpenAI has no specific timeline on going public.

Fortune

Walmart CEO says paying its star managers upwards of $620,000 yearly empowers them to ‘feel like owners’

From Rolls-Royce to Volkswagen, companies are betting big on pay hikes to fix culture—because money still talks.

Fortune

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Both subprime and super prime loans are on the rise, signs of a K-shaped economy that is a ‘prescription for real trouble’

TransUnion found the share of subprime borrowers last quarter grew to 14.4%, the highest since 2019.

Fortune

Reddit’s CEO has just become a billionaire—a staggering 20 years after co-founding the company fresh out of college with $12,000

It’s been exactly two decades since Huffman founded the company in 2005 with friend and college roommate Alexis Ohanian.

Fortune

MacKenzie Scott gifts $80 million to Howard University, marking one of the school’s largest donations in its 158-year history

Howard University says the gift comes at an “opportune time” as the government shutdown has delayed annual federal appropriations.

Fortune

Job openings have plunged 32% since ChatGPT's debut—now, $35K healthcare work is one career option left for Gen Z, according to a Stanford study

As AI wipes out early-career roles, one field is still hiring Gen Z—and it doesn’t require a college degree.

Fortune

The exact amount of money you need to earn to be among New York's ultra-wealthy club has been revealed—and it's 7x the average wage

To make it to the top five per cent, households need to bring in $619,178 annually, a new analysis by GoBankingRates revealed.

Fortune

SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin

The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.

Fortune

Goldman Sachs CEO says AI-induced growth offers a ‘path out’ of America’s $38 trillion debt crisis

“The path out is a growth path,” Solomon said. “The difference between compounding growth of 3% and 2% is monstrous in terms of dealing with this issue.”

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This ETF is handily beating the S&P 500—and analysts say it could be one of the big winners of the AI boom

Analysts at Ned Davis Research recommend the fund as an “overweight” investment.

Fortune

Why AI shouldn’t entirely decide promotions and raises—and where the human touch matters

At our Fortune Global Forum, economics and geopolitical tensions were hot topics, but the future of the workforce and workplace also came up in many conversations.

Fortune

Why corporate executives shouldn’t ignore their own AI upskilling

Executives who fail to focus on their own learning risk falling behind the very technologies they champion.

Fortune

This learning habit AI can’t automate is still giving executives an edge

From Mark Zuckerberg to Jamie Dimon, C-suite execs swear by daily deep, focused reading.

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Coinbase’s latest run places Brian Armstrong among the great leaders of Silicon Valley

The company’s place as the flagship of the U.S. crypto industry is stronger than ever.

Fortune

Former Airbnb engineer raises $25 million for AI security platform Teleskope

M13 led the Series A for the New York-based startup with participation from M13 and Lerer Hippeau.

Fortune

For now, data ignorance is bliss on Wall Street as investors warned not to rely too heavily on private surveys

"The danger with this data is that its message will be given unwarranted credibility by the absence of proper economic data," said UBS's chief economist, Paul Donovan.

Fortune

Trump takes center stage at APEC–yet Asia’s business leaders are optimistic that multilateralism will prevail

Also: All the news and watercooler chat from Fortune.

Fortune

Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe

Airwallex cofounder and CEO Jack Zhang says the company is growing 90% year over year after expanding into the U.S. and Europe.

Fortune

Stock futures climb as investors await Supreme Court showdown on Trump tariffs and shareholder vote on Musk’s $1 trillion pay package

On Thursday, Tesla shareholders will gather for the company’s annual meeting and will vote on Musk’s $1 trillion compensation package.

Fortune

It’s getting harder to separate the stock market from the economy. That means the Fed and Congress have more incentive to help Wall Street

A $1 increase in stock wealth leads to a $0.05 marginal propensity to consume, up from less than $0.02 in 2010, according to Oxford Economics.

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