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The Latest Breaking News from Fortune

Stop calling for ‘ambitious’ or ‘self-reliant’ workers in job ads—research suggests they’re on the list of words that’ll attract narcissists

Job ads hunting for “ambitious” and “self-reliant” employees may be doing more harm than good. In offices already riddled with backstabbing and micromanaging, these buzzwords could be a welcome sign for narcissists.

Fortune

AI isn’t a job killer, it’s a job shifter. We're one of the biggest employment agencies in the world and we can see where things are moving

We’ve been forecasting workforce trends for more than 70 years and AI is the cape, but humans are the superheroes.

Fortune

Dreamworks cofounder Jeffrey Katzenberg joins Kimbal Musk’s drone entertainment company

Nova Sky Stories is also raising $50 million from various investors, including Katzenberg’s tech investment firm, WndrCo.

Fortune

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Saks Global is luxury’s last best hope

The combination of Saks and Neiman Marcus into a single entity represents one of the most significant developments in U.S. luxury retail in decades.

Fortune

Walmart’s CFO on competing for tech talent: 'You’re helping shape the future of retail on a massive scale'

Amid soaring e-commerce sales and rising tech salaries, Walmart is focused on the long term.

Fortune

Microsoft AI chief Mustafa Suleyman warns about ‘seemingly conscious’ AI

Forget doomsday scenarios of AI overthrowing humanity. Microsoft AI CEO Mustafa Suleyman fears the impact of AI that seems convincingly alive.

Fortune

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

PitchBook data shows a 32% year-over-year decline in aerospace and defense deal count, a drop the research platform links to tariffs and broader geopolitical uncertainty.

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Former Siemens and Alcoa CEO Klaus Kleinfeld dismisses the idea of work-life separation: 'You are one person'

Also: All the news and watercooler chat from Fortune.

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Trump's 19-year war on wind power is 'weaponizing bureaucracy to undermine American energy production,' critics say

Trump is tying wind and solar projects up in ever-increasing bureaucratic layers and reviews while expediting fossil fuels.

Fortune

The white-collar job market is frozen—now bartenders and baristas are seeing bigger wage growth than desk workers

Gen Zers who are lucky enough to get an office job: Don’t expect a raise.

Fortune

Bitcoin dips ahead of Fed chair’s remarks at Jackson Hole

The world’s largest cryptocurrency is down almost 5% after notching an all-time high one week ago.

Fortune

China’s DeepSeek just dropped a new GPT-5 rival—optimized for Chinese chips, priced to undercut OpenAI

DeepSeek is forcing the U.S.–China AI rivalry into sharper focus and may put OpenAI on the back foot following its disappointing GPT-5 launch.

Fortune

Bernie Sanders and Donald Trump form an unlikely alliance over billions in chipmaker subsidies

Trump has a newfound taste for state involvement in the private sector. It’s a palate Sanders has long enjoyed.

Fortune

Trump goes on $100 million bond-buying spree: Here’s what it could signal about future interest rates

Trump’s bond-buying strategy could be a mix of tax savings and potential profit-taking.

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Airline customers are suing Delta and United, claiming millions of travelers paid extra for window seats only to be seated next to windowless walls

“They have quite literally sold customers a window seat without a window,” one lawyer representing the classes of airline passengers told Fortune.

Fortune

Why did MIT find 95% of AI projects fail? Hint: it wasn't about the tech itself

The lessons from the MIT study were less about what's wrong with AI models and more about what's wrong with the way companies are trying to use them

Fortune

‘The nation’s finances have deteriorated’ since Trump took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit

The baseline scenario shows cumulative deficits reaching $22.7 trillion by 2035, and that’s if everything goes according to plan.

Fortune

Steve Jobs didn’t actually become a billionaire thanks to leading Apple—but rather from his work with this film company

Steve Jobs’ $10 million bet on Pixar turned him into a billionaire, long before the introduction of the iPhone.

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How Walmart’s CEO navigated tariffs to post a solid quarter: ‘We’re keeping our prices as low as we can for as long as we can’

Walmart has a three-pronged strategy to deal with tariffs, and is making sure shoppers aren’t the only ones taking a hit.

Fortune

Meet Trump’s inner crypto circle: Eric, Don Jr.—and a lot of tattoos

In a rare interview, the president’s sons and their crypto punk allies revealed the workings of World Liberty Financial.

Fortune

How AI darling Palantir became the S&P 500’s best and worst stock of 2025, climbing 144% before shedding value in 6 straight sessions

Over $73 billion has been wiped off high-flying Palantir’s market cap in recent days.

Fortune

OpenAI may soon be the most valuable private company—but Sam Altman’s net worth won’t jolt, as the CEO holds no equity and makes just $76,001 a year

OpenAI’s Sam Altman didn’t build his fortune off his modest CEO salary. The tech titan worth $1.9 billion instead made critical early investments in Uber, Airbnb, and Reddit that yielded hundreds of millions of dollars.

Fortune

Even McDonald’s CEO knows the fast-food giant is too expensive. Now he’s cutting prices to woo back cash-strapped consumers

The chain will reduce prices for eight popular combo meals, aiming to uphold its brand image of affordability.

Fortune

Manufacturing won’t save rural America—but one policy just might, says one of America’s most provocative economists

“We could do everything national conservatives hope to do for America’s non-college males, but through building, not factories,” economist Bryan Caplan told Fortune.

Fortune

How crypto’s top lobbyist persuaded lawmakers—and President Trump—to embrace the blockchain industry

Longtime D.C. veteran Kristin Smith on crypto’s political crusade and what comes next.

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