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The Latest Breaking News from Fortune

'We've probably made housing unaffordable for a whole generation of Americans': top real-estate CEO on the real cost of Covid economic firefighting

"Affordability has probably never been as bad as it is today,” said Amherst's Sean Dobson. "You've got to be very, very careful."

Fortune

Meet Walmart's new CEO, John Furner: Once an hourly worker, he'll helm the top company in the Fortune 500

Furner said he learned the value of hard work from his grandfather, who was a farmer.

Fortune

China's unemployed Gen Z are proudly calling themselves 'rat people' and spending entire days in bed

Experts say the movement is a global 'quiet protest' against current job market and burnout.

Fortune

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This ‘hidden’ career path is in dire need of more workers—and it can pay Gen Z over $300,000 with no degree required

Six-figure salaries are within reach for Gen Z, but only if they’re willing to brave extreme weather, noisy tarmacs, and the smell of jet fumes.

Fortune

Hooters CEO says private equity turned it into a 'boys club hangout'—Now he's plotting a family-friendly makeover

“It's a beach-theme restaurant,” Neil Kiefer said.

Fortune

Tech execs admit AI is a bubble and they're pretty happy about it: 'We can't deny there's a ridiculous amount of investment going on'

71,000 startup founders, venture capital investors, and tech CEOs, gathered under literal storm clouds in Lisbon, Portugal, to discuss the future of AI.

Fortune

Housing affordability has gotten so bad that 15% of buyers are purchasing a home with a non-romantic co-buyer. ‘It’s like carpooling for homes’

Gen Zers and millennials are leading the charge on co-ownership in a historically challenging housing market.

Fortune

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I had a front-row seat to AI's rise at Microsoft and SAP. Here's the billion-dollar blind spot everyone's missing

One Fortune 100 retailer I worked with had 15 years of customer interaction data but could only afford to process 30% of it.

Fortune

US Debt Of $38 Trillion Now A 'National Security Crisis,' Warns Top Economist, Another Blames Political Polarization: 'Neither Party Is…'

Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country’s security and global standing.

Benzinga

Butchered jobs and inflation data may add fuel to the fire of uncertainty already blazing in the markets

A worldwide selloff accelerates as patchy U.S. data clouds the Fed’s next move, sending Wall Street tumbling and volatility surging into the end of the week.

Fortune

Ex-Meta exec says Mark Zuckerberg taught him a lesson in work-life balance: Now he has strict rules for meetings and emails at his $1 billion tax firm

After years at Meta, Martin Ott learned from Mark Zuckerberg that working smarter beats working longer: “It is making sure that you’re not about 24/7 constant on, but being deliberate.”

Fortune

In the age of AI, CEOs quietly signal that layoffs are a badge of honor

Also: All the news and watercooler chat from Fortune.

Fortune

Your electric bill has replaced the price at the pump as the hot-button, political bellwether

Residential electricity prices have skyrocketed almost 30% in four years with the AI boom expected to further pressure costs.

Fortune

Legendary DC diplomat feels 'like Paul Revere' about the $38 trillion national debt: 'The crisis is coming!'

Richard Haass has spent a lifetime monitoring global crises. Now he says America’s most dangerous one is coming from inside the house.

Fortune

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Fortune

The 'Big Short' investor betting $1 billion against the AI bubble says Meta and Oracle's accounting is hiding the brutal truth

Michael Burry shut down his hedge fund shortly after disclosing his massive short position. Is he already bracing for a crash?

Fortune

Your political polarization is the reason for our $38 trillion national debt, top economist says: 'it's deeply debilitating' for 'consensus and stability and productive policy results'

“Every day that passes makes me feel the situation is more urgent,” Barry Eichengreen told Fortune.

Fortune

Credit card tier discrimination may be coming: New Visa-Mastercard swipe settlement could reshape rewards—and surcharges

Premium credit cards like the Chase Sapphire Reserve or Capital One Venture X could soon face higher surcharges—or be outright rejected—as a new deal could reshape swipe fees.

Fortune

Economist behind K-shaped economy sees a 'sea of despair' for the bottom 90% and a 'crisis of confidence' in the American dream

“At the bottom, this mindset develops where they recognize that they may never win, but that doesn't mean, ‘I can't help you lose,’” Peter Atwater said.

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news in one place.

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Fortune

Self-made millionaire Barbara Corcoran reveals her ‘golden rule’ of real estate investing

The “Shark Tank” star with a $100 million net worth says paying 20% down is key—and explains why.

Fortune

In just 15 years, the average U.S. homebuyer went from 39 to 59 years old: Top analyst reveals how the housing market has warped in one generation

The first-time homebuyer just hit 40 years old for the first time ever, but the average homebuyer is nearly a senior citizen.

Fortune

The CEO of $2.2 billion AI company Turing can’t live without ChatGPT, swears by his Kindle, and has only taken 2 weeks of vacation in 7 years

Turing cofounder and CEO Jonathan Siddharth loves his VR headset, F1 video games, and Oura ring, but says the greatest investment is “creating memories and experiences that give you perspective and keep you grounded.”

Fortune

Hilton's CEO focused on rebuilding the hotel giant's culture. Now its staff turnover is about half the industry rate

Also: All the news and watercooler chat from Fortune.

Fortune

Cloudflare CEO says Google is abusing its monopoly in search to feed its AI

“Google is using a dominant position that they have in search to leverage their way into AI," Matthew Prince says.

Fortune

JLL Global CEO Christian Ulbrich: There is no 'silver bullet' NYC mayor-elect Zohran Mamdani can shoot to make the city affordable again

"We are very open, if our advice is asked, to help the new mayor," Ulbrich told Fortune.

Fortune

Marriott abruptly cut ties with Sonder, leaving thousands of hotel guests stranded: It's 'inconceivable' they would treat humans that way, guest says

Travel advisor told Fortune there’s no precedent for the debacle. “Sorry, that's not justifiable at all.”

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