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The Latest Breaking News from Fortune

Elon Musk spent months slashing federal contracts — Now his AI company is celebrating a $200M Pentagon contract and new unit to get government business

xAI says that it wants to start servicing federal, local, state, and national security customers.

Fortune

CEO Brian Niccol asks Starbucks workers to come back to the office—or he'll pay them to leave

"We understand not everyone will agree with this approach," Niccol wrote in his letter to employees. "We’ve listened and thought carefully."

Fortune

The college degree 'safety premium' is almost gone—but mainly because so many non-grads have given up looking for work

In 2025, the job-finding rate for college grads is just 0.9 percentage points higher than for non-degree holders, Goldman Sachs chief economist Jan Hatzius found.

Fortune

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Stock markets are rewarding Trump's new tariff threats with the S&P hovering near its record high

The markets are taking the president's threats of high tariffs as a "negotiating tactic," one analyst said.

Fortune

VC Alexa von Tobel launches new podcast ‘Inspired,’ looking to reset American ambition

A long-time podcast host, Inspired Capital cofounder Alexa von Tobel has launched a new podcast called “Inspired.”

Fortune

Apple's first foldable phone is set for 2026 and UBS thinks it may be as cheap as $1,800. Here's what else to know

Initial production is expected to be limited, with estimates ranging from 10 million to 15 million units for the first wave.

Fortune

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

Fortune

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Gen Z can't afford a house on their own—so they're buying with friends and family

The hippie movement is coming back for the housing market, but not like before.

Fortune

Warner Brothers' 'Superman' soars with third-biggest opening weekend of 2025, hits $217 million globally

It's a bird ... it's a plane ... it's ... a hit.

Fortune

AI’s Goldilocks problem: Powell, Huang, and Amodei can’t agree—And Gen Z’s fate lies in the balance

Dario Amodei, Jensen Huang, and Jerome Powell aren't equally bullish — or bearish — about AI. Will unemployment skyrocket to 20%, or will global GDP go up 7%?

Fortune

We're about to find out who's really paying for tariffs

Economists at Goldman Sachs expect companies will pass on 70% of tariff costs to consumers via higher prices.

Fortune

The U.S. created over 1,000 new millionaires per day in 2024

Mainland China added roughly 380 new millionaires per day, according to the UBS Global Wealth Report.

Fortune

Goldman Sachs doesn't have to hire a $180,000 software engineer—meet Devin, its new AI-powered worker

Goldman is ushering in a “hybrid workforce” era in which humans and AI coexist. Its newest autonomous employee, Devin, joins the nearly 12,000 existing software engineers at the company.

Fortune

Need to cool your home? Try smearing yogurt on the windows

It can make a difference of more than 6 degrees, he says.

Fortune

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Fortune

Ford recalls more than 850,000 vehicles, including the F-150 and Bronco

Company has issued more safety recalls in the first six months of this year than any automaker ever.

Fortune

Tylenol parent Kenvue has a new CEO, and he has lots of work to do to mollify activist investors

The company will likely focus on off-loading smaller beauty brands.

Fortune

Gen Z is right about the job hunt—it really is worse than it was for millennials, with nearly 60% of fresh faced grads frozen out of the workforce

When millennials, Gen X, and baby boomers graduated, just a quarter could expect to be unemployed that year. Meanwhile, nearly 60% of fresh-faced Gen Z grads today can’t land a job.

Fortune

No, that wasn't really Elmo calling for the release of the Epstein files

Muppet has since reclaimed the account.

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Fortune

If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

Deutsche Bank's explosive scenario in a note titled, “What if ?”

Fortune

Bitcoin blows past $120,000 to new all-time high as investors pile into BlackRock ETFs

The asset management giant saw an influx of $2.4 billion into its crypto investment products last week.

Fortune

I’m leading the world’s largest global law firm as AI transforms the legal profession. Lawyers must double down on this one skill.

AI can handle the mechanics of law, but what makes a lawyer indispensable goes further than processing power.

Fortune

A new way to eat: Fixing a food system that leaves us vulnerable and hurts the environment

Sustainability can be baked into our food system from seed to shelf, as the Big Food Redesign Challenge demonstrates.

Fortune

Women are bearing the brunt of the financial burden to be able to have children later in life, even though men benefit too.

Fortune

Stacey Abrams shares a warning for companies that go back on their DEI promises: ‘It costs you’

Reversing policies due to the government’s demands comes with repercussions.

Fortune

Elon Musk promises Tesla shareholders a vote over buying equity in his Grok startup: ‘If it was up to me, Tesla would have invested in xAI long ago’

The news comes as Musk's SpaceX company reportedly contributed $2 billion to last months's $10 billion xAI fundraising consisting of equal parts equity and debt.

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