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The Latest Breaking News from Fortune

A 2-year taste of the office was enough to make 3 grads quit. Now they run a $13 billion investment firm: ‘We didn’t want a traditional job again’

The trio quit their grad scheme with $25K and no business plan to found Octopus Group, the firm behind Octopus Energy: "Everyone thought we were mad."

Fortune

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds

“We should really think about the potential consequences of a really large-scale decline in employment,” UC Irvine economist David Neumark told Fortune.

Fortune

Trump stopped talking about these media stocks, but his portfolio didn't stop trading them

Trump, Comcast and Warner Bros. Discovery: a story of silence, activity and pending M&A deals.

Fortune

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‘A witches’ brew’: Washington’s ethics establishment reacts to Trump’s $2.2 billion windfall—they’re shocked but not surprised

“It’s all heinous,” former ethics czar Norm Eisen said. “You can anticipate that we’ll be looking at legal remedies for this startling state of affairs.”

Fortune

The true cost of Donald Trump's $2.2 billion year

Also: All the news and watercooler chat from Fortune.

Fortune

Sam Altman seeks new world order for AI as OpenAI slowly loses ground to Google and Anthropic

Everything you need to know before you reach the office this morning.

Fortune

Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers

Trump’s excessive trades look like those of an automated, direct indexing, tax-loss harvesting portfolio, not one individual in the know.

Fortune

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The Supreme Court just handed the U.S. economy a $7.7 trillion win

Also: All the news and watercooler chat from Fortune.

Fortune

Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup

Nike beat market expectations on Tuesday, reporting $10.97 billion in revenue, over $130 million more than expected.

Fortune

Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in

The company’s gross margin declined by 26% since Dell first reported AI server revenue over a year ago as servers surpass computers and laptops.

Fortune

AI is supercharging the timeline from founding to unicorn status

Europe’s new unicorns are arriving faster in the AI era, with 20% hitting $1 billion within two years since 2023.

Fortune

Wall Street billionaire turned an hour meeting with Disney’s cofounder into an entire day together—all he did was read a report most analysts ignored

Before building the $80 billion Wall Street giant KKR, Henry Kravis met with Walt Disney’s brother Roy and learned the importance of doing your homework.

Fortune

Warren Buffett breaks from a 'lifetime' pledge to the Gates Foundation as the Epstein fallout deepens

Warren Buffett, 95, just paused his billion-dollar Gates Foundation donation over its Epstein review.

Fortune

Jeff Bezos' Ex-Wife Accused of 'Making the World Worse' Despite Donating $26B: Elon Musk Says 'Sadly, Yes'

Explore the ideological clash between Elon Musk and MacKenzie Scott as Musk criticises Scott's $26.3 billion in donations to diversity and equity causes.

International Business Times UK

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Fortune

America's AI hunger has reached the Nashville Zoo and its endangered animals may be the ones to pay the price

Country star Brad Paisley helped drive more than 500,000 signatures to a petition by the zoo opposing the development.

Fortune

Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla

Also: All the news and watercooler chat from Fortune.

Fortune

'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating

Roberto Serrano literally wrote the book on game theory, but he's befuddled: "Why are you at a university if you refuse to learn, you refuse to work hard?"

Fortune

Wearables offer tons of data but people are still going to sleep to Netflix and TikTok

A group of experts at the Fortune Brainstorm Tech event in Aspen pinpointed a problem: People have more data than ever from their wearables, but nobody knows what to do with the information.

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Fortune

Target is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired

Target staffers who clock in late and skip work enough to rack up 12 points will be shown the door. It’s just one way companies are tightening their grip on in-person attendance.

Fortune

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'sadly,' it makes the world a worse place

Musk has offered thoughts on philanthropy: “It’s very easy to give money away to get the appearance of goodness” but it's very difficult to get “reality.”

Fortune

CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher

Also: All the news and watercooler chat from Fortune.

International Business Times UK

Who Is MacKenzie Scott? Quick Facts About Jeff Bezos' Ex-Wife's Net Worth, Amazon Fortune, and $26.3 Billion in Donations

Jeff Bezos' ex-wife, MacKenzie Scott has donated more than $26.3 billion (£19.5 billion) through Yield Giving and Elon Musk criticised her philanthropy.

The Times of India

‘You've made enough money, now give it away…’: How Warren Buffett, Bill Gates and MacKenzie Scott are inspiring billionaire heirs to donate sooner

The coming decades will see an unprecedented movement of private wealth from one generation to the next. Estimates suggest that around $124 trillion will be inherited by 2048, as reported by Fortune, creating one of the largest financial transitions in recent history. While much of the discussion has centred on…

Fortune

One in three Gen Zers is letting AI do their homebuying homework, but they still trust realtors with the closing process

More than half of prospective buyers prefer humans for legal or contractual advice.

Fortune

David Protein CEO says ‘diet trends are over’ because of GLP-1s: ‘What’s next is really hard to predict’

About 10% of the U.S. population has used GLP-1 drugs, helping to create a projected $82 billion market this year.

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