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The Latest Breaking News from Fortune

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

Fortune

The air travel nightmare: TSA lines stretch for hours while workers go without pay amid the government shutdown

Delays could last as long as the government is shut down, Houston airports exec says after passengers waited hours in security lines.

Fortune

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

Jamie Dimon calls checking your email during a meeting disrespectful—but IBM’s CEO says he doesn’t care, depending on the number of people in the room.

Fortune

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What Block’s CFO and finance team want peers to know about Bitcoin

Block, Inc. made its first corporate bitcoin purchase in 2020.

Fortune

Dictionary.com risks Gen Z mockery by crowning ‘6-7’ as word of the year

Go ahead and roll your eyes. Shrug your shoulders. Or maybe just juggle your hands in the air. Dictionary.com’s word of the year isn’t even really a word. It’s the viral term “6-7” that kids and teenagers can’t stop repeating and laughing about and parents and teachers can’t make any…

Fortune

Nearly 20% of millionaire women say they have no plans to retire—significantly higher than their male counterparts, finds Goldman Sachs

With women expected to inherit $9 trillion in the “sideways succession,” those who already have more than $1 million in assets say they have no plans to wind down their career anytime soon.

Fortune

Goldman and Morgan Stanley CEOs predict corrections of up to 20%, sparking global selloff

Wall Street expects tech stocks to take a hammering this morning.

Fortune

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Childcare is so expensive many families are just giving up now, forcing them to sacrifice incomes, savings, and careers

Bank of America found a 1.6% annual decline in the number of households making monthly payments in September.

Fortune

Tala Health raises $100 million seed round, as Ritankar Das seeks to build a holding company for the AI era

Titan Holdings has launched a new operating company, Tala Health, Fortune has exclusively learned.

Fortune

Some CEOs have vowed to revolt against a Zohran Mamdani win. Jamie Dimon says he'll 'call him and offer my help'

Also: All the news and watercooler chat from Fortune.

Fortune

Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading

“We were right. Please learn from us,” its CEO said in an interview ahead of the earnings call.

Fortune

A 'jobless profit boom' has cemented a permanent loss in payrolls as AI displaces labor at a faster rate, strategist says

"We suspect that job losses in tech have been driven mainly by AI displacement."

Fortune

Ferrari to release crypto token

The Italian car maker says the 100 top token owners will be able to bid on the luxury car

Fortune

Sam Altman sometimes wishes OpenAI were public so haters could short the stock—‘I would love to see them get burned on that’

Despite reports, Altman said OpenAI has no specific timeline on going public.

Fortune

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Walmart CEO says paying its star managers upwards of $620,000 yearly empowers them to ‘feel like owners’

From Rolls-Royce to Volkswagen, companies are betting big on pay hikes to fix culture—because money still talks.

Fortune

Both subprime and super prime loans are on the rise, signs of a K-shaped economy that is a ‘prescription for real trouble’

TransUnion found the share of subprime borrowers last quarter grew to 14.4%, the highest since 2019.

Fortune

Reddit’s CEO has just become a billionaire—a staggering 20 years after co-founding the company fresh out of college with $12,000

It’s been exactly two decades since Huffman founded the company in 2005 with friend and college roommate Alexis Ohanian.

Fortune

MacKenzie Scott gifts $80 million to Howard University, marking one of the school’s largest donations in its 158-year history

Howard University says the gift comes at an “opportune time” as the government shutdown has delayed annual federal appropriations.

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Fortune

Job openings have plunged 32% since ChatGPT's debut—now, $35K healthcare work is one career option left for Gen Z, according to a Stanford study

As AI wipes out early-career roles, one field is still hiring Gen Z—and it doesn’t require a college degree.

Fortune

The exact amount of money you need to earn to be among New York's ultra-wealthy club has been revealed—and it's 7x the average wage

To make it to the top five per cent, households need to bring in $619,178 annually, a new analysis by GoBankingRates revealed.

Fortune

SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin

The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.

Fortune

Goldman Sachs CEO says AI-induced growth offers a ‘path out’ of America’s $38 trillion debt crisis

“The path out is a growth path,” Solomon said. “The difference between compounding growth of 3% and 2% is monstrous in terms of dealing with this issue.”

Fortune

This ETF is handily beating the S&P 500—and analysts say it could be one of the big winners of the AI boom

Analysts at Ned Davis Research recommend the fund as an “overweight” investment.

Fortune

Why AI shouldn’t entirely decide promotions and raises—and where the human touch matters

At our Fortune Global Forum, economics and geopolitical tensions were hot topics, but the future of the workforce and workplace also came up in many conversations.

Fortune

Why corporate executives shouldn’t ignore their own AI upskilling

Executives who fail to focus on their own learning risk falling behind the very technologies they champion.

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