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The Latest Breaking News from Fortune

The GOP's $4.5 trillion spending bill creates a parallel, harsher tax system for immigrants and their relatives

The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while dramatically hiking the fees immigrants must pay to access the asylum system.

Fortune

Amazon has a new performance review system

Amazon has introduced a stricter performance review process.

Fortune

Summer Fridays are dead because remote work killed them

Companies are using relaxed schedules and decreased productivity as excuses to reel back the warm weather benefit.

Fortune

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Private equity fund Capitol Meridian started in 2021 to bet on defense. Suddenly it’s the hottest sector around

Founded by two veterans of the Carlyle Group, Adam Palmer and Brooke Coburn, Capital Meridian is one of a newish breed of sector specific funds.

Fortune

Congress just backed off an AI regulation moratorium—Here’s how states like California are trying to regulate ‘robo bosses’ at work

California has a bill in progress, and Colorado already has one on the books.

Fortune

CEOs have a new AI flex

Also: All the news and watercooler chat from Fortune.

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The new CEO flex: Bragging that AI handles exactly X% of the work

Big Tech CEOs love to boast that AI is doing the work—but the numbers they cite are surprisingly vague, and the real impact is hard to track.

Fortune

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Mastering AI at work: a practical guide to using ChatGPT, Gemini, Claude, and more

If you want to avoid being the latest casualty of the AI innovation wave, it’s critical to learn how to effectively prompt in the workplace.

Fortune

Solana's first ETF goes live as crypto analysts predict surge of new altcoin funds

Rex Shares and Osprey Trust filed to launch the ETF in January.

Fortune

Condo prices are falling. Gen Z and millennials: This could be your shot to break into the housing market

Condo prices dropped 2% year over year, according to Redfin.

Fortune

Zillow's CEO says his friends were shocked when he quit a cushy job at Microsoft—but Steve Jobs led to his success at the $17 billion real estate firm

Zillow CEO Jeremy Wacksman left his cushy Microsoft job in 2009 to join the struggling real estate startup during the housing crisis. His friends had concerns—but he turned it around, thanks in part to Steve Jobs.

Fortune

How Zillow CEO Jeremy Wacksman is using AI to transform the real estate industry—for buyers, sellers, and agents

“The one thing we found over the 20 years is anytime you can bring technology to the process, people will consume it," Wacksman told Fortune.

Fortune

Gen Z is ditching college for ‘more secure’ trade jobs—but building inspectors, electricians and plumbers actually have the worst unemployment rate

Trade jobs have been rebranded as a shortcut to six-figure salaries, without student debt, and immunity from automation. But Gen Z could be walking into a trap.

Fortune

Key takeaways from Mark Zuckerberg's memo on Meta's new "Superintelligence" AI drive and big hires

The hiring spree and restructuring come as pressure mounts on Zuckerberg to justify Meta's massive capital spend on AI infrastructure

Fortune

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Tesla’s sales recovery hinges on low-cost car running behind schedule—‘without a new model, things will only get worse’

Tesla may have to revise its full-year guidance lower after failing to meet repeated promises it would launch at least one new lower cost model in the first half.

Fortune

There's an epidemic of fake workers—and 1 in 343 job applicants is now from North Korea, this security company says

Also: All the news and watercooler chat from Fortune.

Fortune

Salomon’s Gen X exec starts his morning with 4 espresso shots and skiing, before heading to the office at noon: ‘It is a routine I’ve stuck to for over 25 years’

Despite driving innovation at a billion-dollar brand, Salomon’s chief brand officer’s day-to-day routine is surprisingly low-key: The Gen Xer tells Fortune he’s never worn a watch, and gets picked up and dropped off at work by his wife.

Fortune

North Korean operative reveals the inner workings of the IT scam infiltrating the Fortune 500 — ‘They had no idea that we were from North Korea’

Thousands of IT workers are trapped inside a global operation that funds North Korea’s weapons program, but one managed to escape.

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news in one place.

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Fortune

Silicon Valley investor Vinod Khosla predicts AI will replace 80% of jobs by 2030

Tech entrepreneur and investor Vinod Khosla’s prediction of AI automating 80% of high-value jobs by 2030 coincides with a reckoning for Fortune 500 companies.

Fortune

Why Boeing's new CFO Jay Malave is 'critical' to a turnaround

Malave was most recently CFO of Lockheed Martin.

Fortune

The anti-DEI movement has made corporate diversity stronger

C-suites and boardrooms have been forced to articulate why diversity is essential to financial performance.

Fortune

Exclusive: Ambrook raises $26.1 million Series A to provide farmers and ranchers with better accounting software

Founded in 2021, Ambrook has raised a $26.1 million Series A, led by Thrive Capital and Dylan Field, Fortune has exclusively learned.

Fortune

Mark Zuckerberg has a literal list of AI all-stars to whom he’s offering fantastic sums of money. An expert explains why he’s hiring so aggressively

“The List” includes five ex–OpenAI employees as Meta looks to build reasoning models to contend with rivals.

Fortune

Zillow CEO Jeremy Wacksman hits back at antitrust lawsuit claiming market abuse

Also: All the news and watercooler chat from Fortune.

Fortune

North Korean operatives and American accomplices accused in massive fraud that infiltrated the Fortune 500 and stole millions

The Justice Department, in a series of indictments, has laid out the use of front companies as a way to further the North Korean IT worker scheme.

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