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The Latest Breaking News from Fortune

Here's how the Fed's renovation budget ballooned to $2.5 billion

Key invisible costs have propelled criticism of Fed Chair Jerome Powell by President Trump and his allies.

Fortune

Alexandr Wang is now leading Meta’s AI dream team. Will Mark Zuckerberg's big bet pay off?

Tapped by Mark Zuckerberg to lead Meta’s most ambitious AI initiative yet, Scale AI founder Alexandr Wang now oversees a powerhouse team tasked with achieving superintelligence—and outpacing rivals like OpenAI and Google. No pressure.

Fortune

As America’s return to office war wages on, London is declared the hybrid capital of the world—where nearly 50% of jobs are still remote

While U.S. bosses drag workers back to their desks—even monitoring badge swipes to do it—Londoners are quietly winning the work-life balance war.

Fortune

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Tariffs are beginning to look like the ‘dog that didn’t bark’ to Wall Street, with inflation expected to take a one-time hit and Trump unlikely to enforce letter threats

As markets shrug off the Aug. 1 deadline, analysts warn that investor calm could embolden the White House to follow through—especially if economic data remains strong.

Fortune

Tesla sales cratered in California for 7 straight quarters while rivals Toyota and Honda surge, report shows

The once-unstoppable electric-vehicle maker saw new car and truck registrations tumble 18.3% compared to the first half of last year, according to Experian Automotive data.

Fortune

Exclusive: Mark Cuban says AI will be a baseline skill like email or Excel in 5 years and entrepreneurs should embrace it or get left behind

The billionaire investor told Fortune new AI assistants available to entrepreneurs will help turn “solo founders into full teams.”

Fortune

Climate fintech Eventual raises $7.5 million seed round from AlleyCorp and Upfront Ventures

Eventual’s AI model predicts how insurance prices will evolve for any given U.S. property as far ahead as five years in the future.

Fortune

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GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes

“The top-down macroevidence seems clear: Americans are mostly paying for the tariffs,” a Deutsche Bank analyst said in a note published Tuesday.

Fortune

Halliburton: Oil markets are “softer” and will remain weak for all of 2025

The oil sector braces for a bearish back half of 2025 while remaining optimistic for the long run.

Fortune

Trump Media's $2 billion Bitcoin buy shows business empire is now crypto empire

The president’s media company announced in late May that it had intended to buy $2.5 billion of the world’s largest cryptocurrency.

Fortune

What Eric Xing’s Abu Dhabi project says about the next phase of AI power

As U.S. and China battle over AI dominance, the UAE is quietly building soft power—with Eric Xing at the helm of its most ambitious intellectual project.

Fortune

Cheaper AI like China’s DeepSeek are 'very welcome,' says Singapore's digital minister Josephine Teo

AI that’s been trained on English, and not one of Southeast Asia’s hundreds of different languages, “will perhaps not meet the requirements of Singapore."

Fortune

Gen Z men with college degrees now have the same unemployment rate as non-grads—a sign that the higher education payoff is dead

Gen Z is increasingly slamming their degrees as useless, and new research indicates there may be some truth when it comes to the job hunt.

Fortune

Stephen Colbert isn't going quietly into that good night

Host didn't hold back.

Fortune

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Fortune

OpenAI faces an 'increasingly fragile moat,' JPMorgan says, as Sam Altman braces for 'OS war' against Google, Apple and other Silicon Valley titans

OpenAI has a $700 billion-plus total addressable market ahead of it, JPMorgan says as it takes the rare step of covering a private company.

Fortune

A quarter of young Boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work

Just as financial pressure peaks, many Gen Xers are finding themselves overlooked, underpaid, and edged out.

Fortune

He won a victory for Tesla’s European owners—now one Elon Musk fan is pushing for FSD to finally come to his native Sweden

Tesla owner Alexander Kristensen has is mounting an unofficial campaign to bring Tesla's supervised self-driving technology to the streets of Stockholm, arguing it's a greater safety risk not to trial the feature.

Fortune

Banned since 2022, Polymarket says it is returning to the U.S.

Prediction market hasn't operated here since 2022.

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Fortune

Coke and Pepsi both unveil new sodas made with cane sugar, but neither are what you'd expect

Changes are coming to the soda aisle.

Fortune

A void of infrastructure in Trump's 'Big, Beautiful Bill' may result in a customer service nightmare, warns Washington insiders

New Medicaid rules will require 18.5 million people to prove they meet the requirements every year—and that portends a bureaucratic nightmare.

Fortune

The best way to manage gamer unease about generative AI in video games is ‘to be direct about it,’ says one developer

Developers using AI in game development and content creation say it may help reduce costs and expand the lifespan of games.

Fortune

Coca-Cola will launch Trump-backed cane sugar soda: 'He is a big supporter of the option'

Coca-Cola CFO John Murphy told Fortune the cane sugar variant "has been in our pipeline for some time."

Fortune

The AI boom is now bigger than the '90s dotcom bubble—and it's built on the backs of bots, maybe more than real users

Automated bots now make up more than half of global internet traffic, surpassing human-generated activity for the first time in 2024.

Fortune

FBI drops probe of Kraken founder, returns dozens of seized devices

The FBI raided Jesse Powell's home after an arts non-profit falsely accused him of hacking.

Fortune

Data centers guzzle huge amounts of power—and that might end up supercharging investment in renewable energy, executives argue

Solar power, natural gas, and even nuclear could eventually become compelling options over a mid-to-long term horizon.

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