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The Latest Breaking News from Fortune

AI boom is making your utility bills more expensive, says BofA, and they're likely to keep going up

BofA has bad news for consumers: "There is likely further upside ahead."

Fortune

Trump pardons Binance founder Changpeng Zhao two years after the crypto billionaire’s guilty plea

The Binance founder pleaded guilty in 2023 to failing to maintain an effective anti-money-laundering regime.

Fortune

The U.S. housing market is in spooky season: 15% of home sellers are getting ghosted by buyers

“It’s a buyer’s market in most of the U.S.,” according to Redfin.

Fortune

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Does the UN need to be run like a business? Ikea CEO Jesper Brodin may get the chance

The outgoing Ikea chief is Sweden’s nominee to serve as the UN high commissioner for refugees.

Fortune

Former Whole Foods CEO says he didn’t want to sell to Amazon, but activists threatened to take over his board, fire him, and sell the company anyway

"We didn't want to sell to Amazon. It's just that Amazon was the best solution to a problem we had," John Mackey said in a revealing new interview.

Fortune

Goldman Sachs CEO David Solomon says AI won't destroy human jobs—'Yes, job functions will change…but I'm excited about it'

Goldman Sachs CEO David Solomon said every CEO he speaks with is focused on AI automation, and despite “volatility” around jobs, humans will adjust to a new normal.

Fortune

Melania Trump memecoin team ‘weaponized fame to disarm diligence’ in sprawling crypto conspiracy, alleges court filing

A new legal filing reveals new details of an alleged memecoin scheme involving the first lady.

Fortune

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Elon Musk defends $1 trillion pay package: ‘I just don’t feel comfortable building a robot army here and then being ousted’

Tesla CEO Elon Musk warns “corporate terrorists” are trying to take away his $1 trillion pay package—and control over building out the company’s AI and robotic future.

Fortune

Here are the 4 pillars of Trump’s growing crypto empire—and the key people running the show

It’s widely known the Trump family is cashing in on crypto, but few people are aware of how their business operations are structured.

Fortune

Bank boss says the Gen Z job crisis is real—they did what society asked, got degrees, and still face rejection: 'They’re not built to withstand that'

“Too many young people were steered into debt-funded degrees with promises that no longer hold true,” banking boss Quentin Nason slammed higher education on LinkedIn.

Fortune

The next fight for talent starts with mentorship

Mentorship isn't “nice-to-have” anymore. It's a core business strategy and a lever for growth, employee retention, and technological innovation.

Fortune

The chaotic future of AI video is coming soon. Clickbait was just the start—'watchbait' is coming

AI audio and video are here to stay, but a frenzy is coming.

Fortune

‘That would be neat’: American businesses eye $1 trillion in tariff refunds—and a long fight ahead—depending on the Supreme Court

The top court will begin hearing arguments on the legality of the levies under the International Emergency Economic Powers Act beginning next month.

Fortune

Why pricing is now a top strategic priority for CFOs

Ninety-five percent of finance chiefs have adjusted their pricing strategies in the past six months, a Deloitte survey finds.

Fortune

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Fortune

Tech stocks look shaky, and the market is ‘showing early signs of vulnerability,’ JPMorgan analyst says

A series of earnings calls from tech companies has disappointed traders.

Fortune

Generation Lab raises $11 million, becoming Accel’s first longevity bet

Accel has led longevity startup Generation Lab’s $11 million seed round, Fortune has exclusively learned.

Fortune

How Marriott’s commitment to ‘career acceleration’ elevates women leaders

Women make up nearly half of the board and 50% of Marriott International CEO Tony Capuano’s direct reports, far above the industry average.

Fortune

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”

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Fortune

Experts warn OpenAI’s ChatGPT Atlas has security vulnerabilities that could turn it against users—revealing sensitive data, downloading malware, and worse

Experts caution that AI-powered browsers like ChatGPT Atlas could open the door to new kinds of attacks—from prompt injections to data leaks—as artificial intelligence becomes more deeply woven into the web.

Fortune

Corning CEO says Steve Jobs pressured him into making all the screens for the first iPhone: ‘Do you know what your biggest problem is? You’re afraid’

According to Wendell Weeks, Jobs said if Corning couldn’t help Apple deliver on “the biggest product in history ... I’m going to eviscerate you.”

Fortune

A recession could test whether AI is truly fueling an economy with 'jobless growth'

Also: All the news and watercooler chat from Fortune.

Fortune

Struggling frackers lean in on powering data centers to grab a slice of the AI pie amid crude oil slump

The CEO of the U.S. energy secretary’s fracking company said Trump’s tariffs are getting in the way of U.S. energy and AI dominance.

Fortune

Facebook cofounder says being a CEO was ‘exhausting’—like 82% of bosses he never intended to manage people

Some were born to lead. But many are just “accidental managers.” Take Facebook cofounder Dustin Moskovitz, who says he never intended to manage people.

Fortune

Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

Tesla posted all-time highs in vehicle deliveries and energy storage deployments in Q3, lifting revenue, but compressed automotive margins and a pull-forward surge before U.S. EV tax credits expired weighed on earnings and set up a tougher Q4 demand backdrop.

Fortune

As national debt accelerates to $38 trillion, watchdog warns it's 'no way for a great nation like America to run its finances'

In just a little over two months, the national debt swelled by $1 trillion. This is twice as fast as the rate of growth since 2000, Michael Peterson says.

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