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The Latest Breaking News from Fortune

Harris and Trump's pitch to businesses: Give workers a raise without increasing your payroll

Bipartisan proposals to exclude tips from taxation are politicians' latest version of a free lunch.

Fortune

71-year-old billionaire Sir Jim Ratcliffe is in a race to secure his legacy

Jim Ratcliffe's purchases may help him be remembered beyond his fortune from a $52 billion petrocchemicals giant.

Fortune

Jamie Dimon has now been floated for a Treasury role by both parties

Dimon has attempted to tame previous speculation about a White House role or taking on a Treasury position.

Fortune

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Jerome Powell's 'unmistakably dovish' tone gives investors hope for a mega rate cut next month

“The time has come for policy to adjust,” Powell said in his Jackson Hole speech on Friday.

Fortune

Love is no longer enough. Today's marriages expect more from partners than ever before

Higher expectations can set us up for disappointment if they’re not realistic, but they can also make for a more enriching marriage.

Fortune

Guest list for Mike Lynch's fatal boat party filled with Autonomy players

Former employees of Autonomy, key figures in the HP acquisition, and lawyers who defended Lynch were all on board the Bayesian superyacht.

Fortune

Starbucks CEO Brian Niccol was a 'messiah' until we found out about his private jet

“The longer this new CEO goes without making a huge impact that's noticeable internally as well as externally, the worse this decision will look."

Fortune

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Kamala Harris is being ‘competency-checked,’ a gauntlet every Black woman in the workplace has to run

Just as Barack Obama’s presidency did not usher in a “post-racial” America, neither will a Harris presidency.

Fortune

$5.3 billion sale of Darktrace to move forward despite tragic yacht death of founding investor Mike Lynch

Mike Lynch was a shareholder of Darktrace when he passed.

Fortune

Democrats can’t figure out their stance on billionaires

Sen. Bernie Sanders’ (I-Vt.) remarks on the wealthy bookended by an heir discussing his riches exposed the party’s awkward stance on the 1%.

Fortune

Boomers and Gen Xers are increasingly phasing into retirement to combat inflation and health care concerns

More and more older workers don't want a hard-stop retirement.

Fortune

In election race, prediction markets are challenging traditional polling

Before scientific polling, newspapers relied on betting markets to predict the outcome of elections, often with remarkable accuracy.

Fortune

Fed Chair Jerome Powell can’t keep ignoring the climate elephant—or its impact on inflation—at Jackson Hole

A growing chorus of central bankers and academics believe climate change does impact price stability—and this impact should be built into modeling.

Fortune

Private equity is finally coming for the NFL: Here's who's making a play for a piece of the action

Many PE firms don’t have much experience investing in sports teams. They do have the money the NFL wants and needs.

Fortune

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Fortune

The rise and fall of America's AI mayoral candidate—and OpenAI's mad dash to shut it down

A conversation with Victor Miller, who intended to let a GPT-4 bot govern Wyoming’s largest city—and with the state secretary dead-set on blocking his path.

Fortune

Former United Airlines CEO: Activist investors are wrong about Southwest. Running an airline requires more than just financial acumen

'Replacing executives at this critical juncture could disrupt the momentum and stability that Southwest needs to implement changes,' writes Oscar Munoz.

Fortune

U.S. investors are dominating Europe's AI scene—and learning to live with the old continent’s regulators

The trade-off between European regulatory primacy and the influence of U.S. capital may not be as unevenly weighted as it seems.

Fortune

PayPal partners with crypto platform Anchorage Digital to offer stablecoin rewards—despite murky legal rules

As the crypto industry fights for clarity on stablecoin oversight, Anchorage insists that its novel program operates outside the jurisdiction of the SEC.

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Fortune

Arch wants to rebuild trust in crypto lending with $5 million in funding and a $70 million debt facility backed by Galaxy

After the collapse of crypto lending firms like BlockFi and Genesis, Arch is trying to revive the sector.

Fortune

Why Peggy Johnson went from Magic Leap to a humanoid robot startup

The former Microsoft exec was attracted to a hardware business that had found product-market fit.

Fortune

Elon Musk was just forced to reveal who really owns X. Here’s the list.

Organizations linked to Bill Ackman, Larry Ellison, and Sean Combs (a.k.a. Diddy) were mentioned in the filing.

Fortune

Chinese oilfield was actually a chicken farm, German Shell whistleblower says

Dozens of carbon reduction schemes in China are alleged to be fake, leaving Germany with a potential $5 billion fraud case.

Fortune

What’s going on with Nvidia CEO Jensen Huang’s daily selling of massive chunks of stock?

“Stop giving him stock. He’s clearly got too much, and that’s why he’s getting rid of it.”

Fortune

Why new parents are whining about a $1,700 smart bassinet

Happiest Baby introduced a new subscription model for its polarizing smart bassinet.

Fortune

Interest rate cuts are now all but guaranteed after dovish Fed meeting, experts say

“The Fed minutes removed all doubt about a September rate cut,” said Jamie Cox, managing partner at Harris Financial Group.

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