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The Latest Breaking News from Fortune

Did Linda Yaccarino have real power at X?

The former NBCUniversal exec is leaving after two years, following Musk's sale of X to his own company xAI.

Fortune

Looming pay transparency laws could create chaos for multinational companies and only 19% are ready for the new normal

Most employers are falling behind on preparing their workplaces for new regulation in the EU and elsewhere.

Fortune

Why sophisticated travelers are increasingly hopping aboard luxury trains

Many travelers are learning to appreciate a more relaxed trip with scenic views—amid impressive opulence, of course.

Fortune

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Exclusive: Stablecoin startup Agora raises $50 million Series A led by crypto VC giant Paradigm

Agora is run by Nick van Eck, son of asset management veteran Jan van Eck.

Fortune

Salesforce surpasses 1 million AI agent-customer conversations, says finance chief

Robin Washington, chief operating and financial officer at Salesforce, talks agentic AI and offers career advice.

Fortune

The SEC opened the ‘floodgates’ for crypto ETFs, experts say, marking a new era for the industry

Experts tell Fortune they expect more ETFs tied crypto products like Solana, Ripple’s XRP, and potentially even Trump’s memecoin, to launch

Fortune

Linda Yaccarino’s X exit was predictable—and raises more questions than it answers

In an unsurprising turn of events, Linda Yaccarino’s tenure as CEO of X has come to an end.

Fortune

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Elon Musk says even if AI ultimately proves bad for humanity he still wants to be there to see it

The xAI founder said the very notion humans actually once managed an economy will seem very quaint in the future, like “cavemen throwing sticks into a fire.”

Fortune

What it takes to be wealthy in America: $2.3 million, Charles Schwab says

Survey respondents said it feels like it takes more money to feel wealthy today compared to last year.

Fortune

Trump’s copper tariff is ushering in a Golden Age of scrap metal

While the cost of copper is going up for American businesses and consumers, the rest of the world is scratching its head while it enjoys a considerable discount on the price of copper.

Fortune

‘Masterful inactivity’ reigned at Fed’s latest meeting—but notes reveal more officials are coming around to Donald Trump’s way of thinking

Fed officials are increasingly split on rate cuts, though UBS’s Paul Donovan says their indecision currently amounts to little more than “masterful inactivity.”

Fortune

Inside Home Depot’s $4.3 billion pivot toward the professional trade

Also: All the news and watercooler chat from Fortune.

Fortune

Apple’s AI efforts ‘have struck midnight,’ and the only way it can stop getting further behind is acquiring Perplexity, analyst Dan Ives says

Ives said, gone are the days when Apple could build a superior product in-house.

Fortune

Sports and entertainment mogul accused of making secret backroom deal in $338 million arena project

Tim Leiweke, co-founder of the Oak View Group, is charged with allegedly conspiring with a competitor to score a deal to develop the Moody Center at the University of Texas at Austin.

Fortune

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news in one place.

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Fortune

Nvidia makes history with $4 trillion market cap while markets brush off tariff worries

Stocks rose after a short two-day dip.

Fortune

Trump admin to restart interest payments for 8 million student loan borrowers next month

The change affects 7.7 million borrowers enrolled in the SAVE plan, which was created under the Biden administration.

Fortune

Linda Yaccarino is just the latest of at least 15 senior leaders who have departed Elon Musk’s business empire in the past year

Omead Afshar, Milan Kovac, and Dave Heinzinger have all recently stepped away from Musk-owned companies.

Fortune

Photos: Sam Altman, Tim Cook and Silicon Valley’s elite arrive at the ‘summer camp for billionaires’

The annual Sun Valley Conference is a four-day event featuring some of the biggest names in business.

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Fortune

Meet Apple's next COO Sabih Khan, a 30-year veteran who will oversee the iPhone maker’s supply chain amid the 'Trump tariff black cloud'

CEO Tim Cook appears confident in Sabih Khan’s ability to weather the enumerable challenges impacting Apple.

Fortune

Elon Musk's feud with Trump and 'America Party' gambit hit Tesla shares and wiped up to $15 billion off his net worth

Tesla stock dropped nearly 7% on Monday, erasing about $68 billion in market value for shareholders.

Fortune

Nvidia makes history as first $4 trillion company, Jensen Huang's net worth surges $25 billion year-to-date

Jensen Huang is cracking the world's top 10 richest list as his AI chips manufacturer makes history.

Fortune

Business titans are plowing millions into Mayor Eric Adams’s reelection campaign efforts

The surprise success of Zohran Mamdani’s campaign has some business leaders backing his opponent—and directing their millions to his campaign.

Fortune

U.K.’s richest prime minister ever just bagged a Goldman Sachs gig—he’s also made $668K for appearances since April, and still works in government

Despite having millions to his name, Rishi Sunak is not throwing in the towel on working—he’s taken up multiple side gigs like speaking engagements and running a charity.

Fortune

Apple reportedly wants to buy the streaming rights for Formula 1 racing after its first successful box-office smash

F1: The Movie is Apple's first box office hit.

Fortune

Linda Yaccarino becomes ex-X CEO one day after Grok spouts antisemitic rant

In 2023, just months after Yaccarino first joined X, she was facing an advertiser exodus over the platform's lax standards toward anti-Semitism.

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