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The Latest Breaking News from Fortune

The economy's prospects are reliant on the 'fortunes of the well-to-do' says Moody's, if the ultra-rich get nervy that means recession

Mark Zandi says of the rich: "If they turn more cautious, for whatever reason, the economy has a big problem."

Fortune

Just like Bill Gates, this Samsung exec retreats to a remote cabin every year to escape the chaos

The $268 billion Samsung executive tells Fortune how she spends her time and money outside of work, including a piece of art inspired by Queen Elizabeth II.

Fortune

Drama at the Fed has CEOs worrying about the health of its reputation

Also: All the news and watercooler chat from Fortune.

Fortune

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Tesla board blocks shareholder vote that could have banned political speech by CEO Elon Musk

The SEC has sided with Tesla’s board in a dispute over a shareholder proposal seeking political neutrality among Tesla executives and board members.

Fortune

Suspect in Coinbase hack kept data for more than 10,000 customers on her phone, court filing alleges

The lawsuit also said that a Coinbase outsourcer fired human resources employees who were investigating the data breach.

Fortune

You've heard that gold is hitting record highs. Not quite, BofA says

You've heard that gold is hitting record highs. Not quite, Bank of America's Commodities team says.

Fortune

Anthropic data confirms Gen Z’s worst fears about AI: Businesses are leaning into automation, a massive threat to entry-level jobs

Dario Amodei, the CEO of the AI startup, said earlier this year that AI could wipe out nearly 50% of entry-level white-collar jobs. New data could back up his claim.

Fortune

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A 30-year-old Walmart worker falsely accused of celebrating Charlie Kirk's death was suspended from his job. Now he fears for his family's safety

"They knew where I lived": After a fake X account impersonated him, Ali Nasrati says he became the target of threats, harassment, and a suspension he still hasn’t been able to fight.

Fortune

Under Armour's CEO says micromanagement is 'totally underestimated' in business: 'There's too much lost on pretense'

Kevin Plank believes in an 80-20 management rule.

Fortune

Neuralink Patient Met Musk Via FaceTime After Surgery — Says Billionaire Was Chill and 'Cool as Hell'

Noland Arbaugh, paralysed since a 2016 accident, received a Neuralink brain implant in January 2024. The device allows him to control a computer cursor with his thoughts, transforming his life.

International Business Times UK

Google releases AI payments protocol that includes support for stablecoins, partners include Coinbase and Salesforce

Big Tech companies believe payments between different AI apps are the newest frontier in fintech.

Fortune

Exclusive: Modern Animal, veterinary clinic network, raises $46 million Series D

Recently, Modern Animal raised $46 million in Series D funding, the company exclusively told Fortune.

Fortune

The first person to get a Neuralink chip in his brain says he met Elon Musk on the day of his surgery: 'He's a cool dude'

The 31-year-old Neuralink brain-computer interface recipient says he and Musk later discussed SpaceX and had an "alien talk."

Fortune

What CEOs think about the SEC ‘prioritizing’ Trump’s plan to end quarterly reporting for public companies

Also: All the news and watercooler chat from Fortune.

Fortune

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Fortune

Once richer than Peter Thiel, Pop Mart’s Wang Ning sees $6 billion vanish with Labubu hype

Once celebrities start posing with a toy, Gen-Z tunes out. What was scarce and cool suddenly feels commercial and inauthentic.

Fortune

Trump wants to end a half-century-old mandate on how companies report earnings

The president revives an age-old debate among business leaders and his own first-term petition to the SEC to look into changing disclosure requirements.

Fortune

Top analyst who once feared 'the end of capitalism' rips French and British boomers for sabotaging Gen Z futures

"Inter-generational tension is not just because boomers have got rich from QE driving asset prices higher, especially housing," Albert Edwards wrote on LinkedIn.

Fortune

Exclusive: Stripe’s head of crypto departs to join Polygon Labs as chief product officer

John Egan played a key role in the development of Stripe’s crypto strategy, including both its acquisition of the stablecoin company Bridge and the crypto wallet developer Privy.

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Fortune

Snowflake tops Fortune Future 50, new CFO highlights AI leadership

The tech company's growth is fueled by the rise of AI in business.

Fortune

Milestones like marriage and parenthood are so delayed for millennials and Gen Z many of them are skipping out on life insurance, report finds

“We failed you 1,000 times over,” one expert told Fortune exclusively. “We don't educate you at the time that you're going through your benefit selection.”

Fortune

Here’s what sets apart the top companies most ready to thrive in the age of AI — and U.S. tech is leading the way

Also: All the news and watercooler chat from Fortune.

Fortune

Meet a 23-year-old electrician who was a 'good student' but skipped college to become his own boss. He makes 6 figures

Remote college in 2020 didn't work for Jacob Palmer. “It felt very intangible, is the best way that I have found to say it ... It didn’t work for me. I hated it.”

Fortune

AI engineers are being deployed as consultants and getting paid $900 per hour

“This premium won't last forever, but right now companies are essentially buying insurance against joining that 95% failure statistic.”

Fortune

AI chatbots are harming young people. Regulators are scrambling to keep up.

Many teens are turning to chatbots for companionship. But experts and regulators say that emotional attachment to the chatbots can leave children vulnerable to psychological risks, prompting calls for stricter safeguards.

Benzinga

Goldman Sachs Warns An AI Slowdown Can Tank The Stock Market By 20%

Artificial intelligence has propelled the stock market to all-time highs, but Goldman Sachs (NYSE:GS) recently warned that once AI spending slows down, the stock market can tank by 20%. A research note from Goldman Sachs Analyst Ryan Hammond cited the danger of hyperscalers inevitably cutting back on AI expenditures, according…

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