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The Latest Breaking News from Fortune

Scott Galloway says he’s a product of big government: ‘Taking bets on unremarkable people pays off’

Galloway credits UCLA for his success, despite an initial rejection: “California taxpayers and the regents of the University of California saved my ass.”

Fortune

For Gen Z, it’s ‘not enough to work hard’ if you want to succeed, says Jamie Dimon—skills in specific sectors are the way to get ahead

“In the old days, you could be in 10th grade, go get a factory [job] in Detroit, and eventually you could afford a family, a home, a car, and that may not be true anymore,” Dimon said.

Fortune

Gen Z’s brains are ‘growing around their phones’ the way a tree warps around a tombstone, ‘Anxious Generation’ author warns

Speaking at a Dartmouth symposium on mental health, NYU professor Jonathan Haidt discussed his research on “the great rewiring.”

Fortune

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The one human quality we need most to navigate the AI era

Though this technology is very new, the human qualities we need to navigate how it’s changing our lives are as old as we are.

Fortune

Dating apps are doomed because Gen Z is locked in on meet-cutes, former Hinge content lead says: They want to vibe their way through meeting people

Podcaster Ilana Dunn reflects on how the dating world has changed.

Fortune

Bill Gates got climate communication right. Let's focus on saving lives, not spreading fear

I'm the dean of the nation's first climate school and I know that fear-based messaging has outlived its usefulness.

Fortune

Microsoft, freed from its reliance on OpenAI, is now chasing ‘superintelligence’—and AI chief Mustafa Suleyman wants to ensure it serves humanity

Microsoft follows Meta in rebranding its advanced AI efforts as “superintelligence.” But Suleyman says Microsoft’s “humanist” approach means it will try to ensure superpowerful AI “doesn’t harm us.”

Fortune

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Citi CFO Mark Mason on how AI powers a global advantage

Citi is using AI to streamline operations while maintaining risk controls, Mason says.

Fortune

Progress but uneven: Energy transition reality check

As COP30 kicks off in Belém, leaders need take on board the fact that this transition is nuanced and dynamic.

Fortune

Wall Street can’t decide whether the job market is showing a ‘rebound’ or declining to ‘stall speed’

U.S. futures are flat this morning as traders try to figure out whether new jobs data makes a Fed rate cut in December more or less likely.

Fortune

The only phone notifications Jamie Dimon gets are from his kids—everyone else should call the office

“If you send me a text during the day, I probably do not read it,” Dimon said.

Fortune

Founders are getting huge paydays before their startups are close to an exit—and that’s fine with many VCs

Venture firms don’t like to talk about early stage secondary sales but the practice is common in bull markets.

Fortune

Delta CEO Ed Bastian rejected a mentor’s advice on how to run the $38 billion airline

Delta CEO Ed Bastian says he reads through thousands of customer emails while flying in coach.

Fortune

The best way to test the 'Musk magic premium' may be to give Elon Musk everything he wants

Also: All the news and watercooler chat from Fortune.

Fortune

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From Jamie Dimon to Bill Ackman, Wall Street's billionaires are now changing their tune and offering to help Zohran Mamdani

Over $22 million was spent by billionaires to prevent the democratic socialist from becoming mayor-elect, estimates say.

Fortune

Robinhood is pulling in big money on prediction markets—but doesn’t want one of its own

CEO Vlad Tenev said Robinhood’s distribution channels mean it can rely on partner firms like Kalshi to supply prediction market exchanges.

Fortune

Novo Nordisk wants to keep its crown leading the weight-loss drugs pack. Despite outlook downgrades and lawsuits, its CFO has a plan

“The ultimate defense in our industry is in innovation,” Karsten Munk Knudsen told Fortune in an exclusive interview.

Fortune

WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with an HK IPO

CEO Tony Han talks about Chinese investors, self-driving cars as a social good, and why companies like Uber are turning to Chinese robotaxi partners.

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news in one place.

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Fortune

Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why

Economists argue rent freezes benefit insiders at the expense of outsiders.

Fortune

Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

Hari Gopalkrishnan, the chief technology and information officer for Bank of America, is responsible for the $4 billion spent this year on AI and other new technology initiatives.

Fortune

Inflation is so bad Americans are counting on Black Friday just to afford groceries and everyday essentials

"Black Friday is still a make-or-break moment for retailers, but shopper behavior is shifting," says Lightspeed Commerce founder and CEO Dax Dasilva.

Fortune

The under-the-radar factor that helped Democrats win in Virginia, New Jersey, and Georgia

As the AI land rush accelerates, local fights over water, power, and land may shape who wins and loses in American politics.

Fortune

Ford CEO Jim Farley strikes a cautious tone on Apple’s new CarPlay Ultra and its increasing control over cars: ‘Do you want the Apple brand to start the car?’

Farley said he has talked to Apple CEO Tim Cook “many times” on the subject of CarPlay.

Fortune

Ulta Beauty CEO Kecia Steelman says she has the best job ever: 'My job is to help make people feel really good about themselves'

"I could think of a lot worse jobs out there than that," Steelman told Fortune.

Fortune

McDonald’s and Cava earnings have one thing in common: The K-shaped economy has a vise grip on the lunchtime crowd

The restaurant chain CEOs noted that while young, lower-income consumers are pulling back, high-income earners are still hungry to spend.

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