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The Latest Breaking News from 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.

Fortune

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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.

International Business Times UK

‘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…

The Times of India

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.

Fortune

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Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

$7.2 billion AI founder Arvind Jain ‘observed’ Sundar Pichai at Google for years before he became CEO—he learned you need to ‘think crazy’ to be successful

Fortune

Anthropic’s Alibaba fight raises a trillion-dollar question for IPO: How defensible is a frontier AI moat against China with Washington's toolbox?

The clash over Claude could test Anthropic’s valuation by exposing how hard it is to protect frontier AI models after extraction.

Fortune

More than a club: how Paris Saint-Germain took inspiration from the Barcelona slogan and the New York Yankees cap to create a global business brand

Barcelona FC calls itself "més que un club," but at PSG's La Maison in New York, you are in a Parisian state of mind. "Ici, c'est Paris."

Fortune

LinkedIn says real estate is one of the hottest industries for entry-level workers—One Gen Z sales agent made $75K his first year with no experience

Real estate is the second fastest-growing sector for new grads. With the right grit and self-determination, Gen Zers can earn into the six figures.

Fortune

The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle

Paul Florsheim just wanted to walk the beach. The retired professor thinks his $313 trespassing ticket is like the fight against Elon Musk.

Fortune

'It's not going away': The Stanford economist who called the AI entry-level jobs crisis early has the receipts

Stanford's Erik Brynjolfsson is partnering with ADP's Nela Richardson on a live dashboard tracking what they found last summer: AI is eating entry-level work.

Fortune

The 30-year fixed mortgage was supposed to be predictable. Two costs quietly broke that promise

A new survey shows 40% of homeowners said they’ve considered moving because their property taxes have gotten so high.

Fortune

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news in one place.

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Fortune

One in 10 Gen Zers want their boss to be replaced by AI—they're already being polite to ChatGPT just in case

Amid AI job-loss fears, Gen Z has one role they hope gets replaced: their boss. And 69% are already being polite to ChatGPT, just in case.

Fortune

Stop blaming Gen Z for resisting RTO: 71% say they want a hybrid balance—and now they're quietly leading the office comeback

Gen Z workers actually want to be in the office—just not five days a week. They're showing up voluntarily more than any generation.

Fortune

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

A historic $124 trillion wealth transfer is underway, and many heirs are using their influence to pressure older generations to spend down fortunes faster.

The Economic Times

'Humans behave better when watched': Xprice founder, tech leaders make the case for surveillance

Tech leaders like Peter Diamandis and Larry Ellison are championing a future of 'radical transparency' enabled by a vast network of sensors. They argue that constant monitoring, from home cameras to orbiting satellites, will foster better human behaviour as 'no one can hide.'

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news in one place.

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Fortune

The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant

Jacob Andreou has had a rapid ascent at the 51-year-old tech giant. He is leading the charge to retool its pivotal AI product.

Fortune

Job scams are getting more sophisticated, and they're costing Americans millions

Nearly all scammers are using AI to track targets. It’s making the usual red flags harder to decipher.

Fortune

Bitcoin down 20% since May as Strategy fallout spooks investors

Worries over Strategy and interest rates have pressured crypto, but Bitwise’s Matt Hougan argues the shakeout is setting up a new rally.

Fortune

How marketers are balancing broader remits and tighter budgets

Marketing leaders at Cannes Lions discuss their expanding list of responsibilities, AI’s threat to creativity and the importance of having a CMO on the C-suite

Fortune

Two former governors launch a bipartisan coalition to confront the coming AI jobs shock

Also: All the news and watercooler chat from Fortune.

Fortune

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

A national debt, fading empire and military victory that wasn't: Has America met its Suez Crisis with the Hormuz affair?

Fortune

Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging

Crude prices are back to prewar levels. Gas prices aren’t. Now Trump is pointing fingers at his own biggest donors.

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