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The Latest Breaking News from Fortune

Trump’s tariffs cancel out what he claims is ‘the largest tax cut in American history’: The average person will lose $300 even after refunds

“If the tariffs were out of the picture, it would be real relief for American workers and businesses,” the Tax Foundation’s Erica York told Fortune.

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Google Gemini boss describes working with founders Larry Page and Sergey Brin to win the AI future

Demis Hassabis told Fortune it’s a return to the “shipping culture” from “the golden era of Google.”

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3 factors that will separate the 'SaaSpocalypse' winners from losers

Also: All the news and watercooler chat from Fortune.

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Chinese platforms like Xiaohongshu look to Southeast Asia as the U.S. applies more scrutiny

In 2025, China’s trade surplus from digital services jumped to a record high of $33 billion, according to data from the State Administration of Foreign Exchange.

Fortune

Mark Zuckerberg is joining Jeff Bezos in Miami’s billionaire bunker: Take a look inside his portfolio

The Meta CEO has spent years accumulating luxury properties, including a secretive ranch with an underground shelter and a Lake Tahoe mountain retreat.

Fortune

Every U.S. Olympian was promised a $200,000 payout, but how much they actually keep depends on where they live

Olympians will get a post-tax income boost ranging from about $48,350 to $73,146, according to a Fortune analysis based on today’s tax rates.

Fortune

The Gen Z job nightmare is so bad that even billionaires are worried their kids won’t be able to keep a job, says wealth advisor to the 0.1%

It’s a “very real concern” for the ultrawealthy that their children aren’t prepared for the future, wealth adviser Tom Thiegs told Fortune.

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The 45-year decline of the middle class costs you $12,000 a year

Labor compensation as a share of U.S. gross domestic income has fallen to 51.4%, while corporate profits have soared since 1980.

Fortune

Wall Street’s top analyst sees something weird going on with gold and interest rates, and warns inflation is rewriting market logic

“Investors are anxious about the level of returns they get in traditional assets,” Apollo chief economist Torsten Slok told Fortune.

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Google’s Nobel-winning AI leader sees a ‘renaissance’ ahead—after a 10- or 15-year shakeout

The first battle is science and solving disease, Demis Hassabis told Fortune. Next is the energy crisis, traveling the stars, and exploring the galaxy.

Fortune

Ex–Google exec says degrees in law and medicine are a waste of time because they take so long to complete that AI will catch up by graduation

“Higher education as we know it is on the verge of becoming obsolete,” the former Google AI leader told Fortune.

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Two neurosurgeons just raised $25 million betting brain cells can (someday) outcompute silicon

The Biological Computing Co. (TBC) has raised $25 million in seed funding, Fortune has learned.

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Google's AI boss Demis Hassabis has a 4-step plan to return the tech giant to its 'golden era'

Also: All the news and watercooler chat from Fortune.

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Citadel Securities and Cathie Wood back Zero, a new blockchain designed for traditional finance

LayerZero launches its layer-1 blockchain Zero with partners Intercontinental Exchange and the DTCC.

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OpenAI disputes watchdog allegation it violated California's new AI law with GPT-5.3-Codex release

The company’s newest AI model triggered its own “high” risk classification—but critics say OpenAI didn’t follow through on the safety measures it promised.

Fortune

America's new love affair with gambling drives Kalshi to $871 million haul on Super Bowl Sunday

Days before the Super Bowl, Michael Lewis warned that sports gambling is "especially predatory toward young men."

Fortune

In the workforce, AI is having the opposite effect it was supposed to, UC Berkeley researchers warn

Nonstop productivity may come at the cost of rest and work quality, the study found.

Fortune

‘We inherited a very damaged brand’: Red Lobster CEO says the seafood chain could kill more locations and menu items to stay afloat

Damola Adamolekun believes Red Lobster can have the “greatest comeback in the history of the restaurant industry.”

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Cisco CEO Chuck Robbins says interviews for promotions are ‘stupid’— he cares more about whether your coworkers think you deserve a raise

Forget interview prep—the boss of the $340 billion tech giant Cisco believes employees on track for a promotion must get the approval of their peers.

Fortune

A decade on from his NFL kneeling controversy, Colin Kaepernick has a message for Gen Z: don’t let the fear of backlash silence you

After the 2016 NFL protests reshaped his career, Colin Kaepernick says the advice he’d give his younger self is this: Don’t dilute your voice to keep the peace.

Fortune

America is shorting one of its best assets as the $38 trillion national debt runs out of control

There’s a 59% arbitrage opportunity hiding in plain sight and it has to do with college-educated women.

Fortune

American Airlines CEO's crisis grows as flight attendant union calls for him to step down

Also: All the news and watercooler chat from Fortune.

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Asia's young, tech-savvy population will power the region's growth: AIIB chief investment officer Kim-See Lim

The Beijing-based multilateral development bank is targeting sustainable infrastructure projects across Southeast Asia, particularly in energy and transit.

Fortune

Panicked about losing GPT-4o, some ChatGPT users are building DIY versions. A psychologist explains why ‘feel-good hormones’ make it hard to let go

A frenzy of devoted GPT-4o fans are begging OpenAI not to pull the plug.

Fortune

The Trump family’s crypto portfolio is getting battered with the rest of the industry—but Melania’s memecoin has fared surprisingly well

A recent collapse in the price of Bitcoin has spurred weakness across the sector.

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