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The Latest Breaking News from Fortune

AI is gutting the next generation of talent: In tech, job openings for new grads have already been halved

For many new graduates, the first rung of the corporate ladder is getting harder to reach.

Fortune

A 23-year-old CEO convinced his parents to open a custodial account in second grade. He fears meme stocks inflate Gen Z’s dreams of getting rich quick

A recent survey led by his company shows the majority of Gen Zs believes investing is a better way to reach their financial goals than a nine-to-five job, even if they don’t know how it works.

Fortune

How big data and an A-list board turned struggling NYU Langone into a $14 billion hospital powerhouse

CEO Robert Grossman and board chair Ken Langone have turned NYU Langone into a top-performing health system, and multiplied revenue seven-fold.

Fortune

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This cybersecurity company's AI hacker can locate files on Nimitz-class aircraft carriers ‘in less than five minutes’

Also: All the news and watercooler chat from Fortune.

Fortune

Oil and fuel prices hang in the balance of Trump and Putin peace talks

A Russia-Ukraine peace accord would lower fuel prices, but any stalemate or escalation is a boon for the oil industry.

Fortune

A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn't 'believe in billionaires'

EXCLUSIVE: Brian O’Kelley says he’s capped his wealth to $100 million. The tech founder tells Fortune, billionaires are wasteful, out of touch, and “othered” from real life.

Fortune

AI experts return from China stunned: The U.S. grid is so weak, the race may already be over

China is “set up to hit grand slams,” longtime Chinese energy expert David Fishman told Fortune. “The U.S., at best, can get on base.”

Fortune

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Robinhood CEO admits his RTO call was wrong and now says execs must be in the office 5 days a week: ‘Your manager is going through more pain than you’

To change the future of the workforce, Robinhood's CEO says change has to start in the corner offices.

Fortune

AI safety tip: if you don’t want it giving bioweapon instructions, maybe don’t put them in the training data, say researchers

New research shows that scrubbing risky material from AI training data can build safeguards that are harder to bypass—and one author calls out tech giants for keeping such work under wraps.

Fortune

Bitcoin hits all-time high before diving 5% amid fears of inflation

Analysts anticipate the Fed to cut rates in September but wholesale prices rose much more than expected in July.

Fortune

Another NBA blockbuster as Portland Trail Blazers sell to group led by billionaire Tom Dundon for reported $4.25 billion

The Dallas-based businessman plans to keep the team in Oregon, according to reports.

Fortune

Apple accidentally leaked its own top-secret hardware in software code—and it looks like we're getting a slew of products across 7 categories

Apple has a history of leaving breadcrumbs referencing future hardware in its code.

Fortune

Walmart, once ordered to ‘eat the tariffs,’ is giving employees a year-round 10% discount to help them eat

Walmart used to give this discount to employees only during the holiday season.

Fortune

In this economy, even the affluent are a 'more cautious consumer,' Sweetgreen CEO warns. Chipotle and Cava are hurting too

The core issue: "I think it’s pretty obvious the consumer is not in a great place overall," Sweetgreen CEO Jonathan Neman said.

Fortune

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news in one place.

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Fortune

Buying Kate Spade has cost Tapestry nearly $1 billion

But Coach is firing on all cylinders at least.

Fortune

'Godfather of AI' says tech companies should imbue AI models with 'maternal instincts' to counter the technology’s goal to 'get more control'

Nobel laureate Geoffrey Hinton has previously likened AI to a “cute tiger cub” that is harmless now, but could easily turn on you.

Fortune

Chili’s has poured $105 million into its marketing budget in just 3 years—and sales are sizzling

The casual-restaurant chain saw traffic and sales boosts last quarter.

Fortune

77% of Gen Z job seekers have brought a parent to an interview—they're even getting them to negotiate pay rises and take their hiring tests

Gen Z job seekers are pulling up an extra chair for their Gen X and boomer parents—not just for job interviews, but also to help write resumes, negotiate salaries, and solve workplace conflicts.

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Fortune

Amazon has tried to crack Walmart’s groceries empire for decades, with limited success. A massive same-day shopping expansion could change that

Amazon has boasted that it’s building a digital “supercenter that’s actually super to shop at”—a thinly veiled swipe at its retail rival.

Fortune

Ikea's incoming CEO started his career as a store manager—he recalls working at 5 a.m. in the loading area and eating hotdogs with the founder

Juvencio Maeztu has climbed Ikea's ranks for decades, just like outgoing CEO Jesper Brodin and Walmart chief Doug McMillon.

Fortune

Trump’s war against wind extends into electric transmission projects

Trump’s war against wind has extended into electric transmission projects.

Fortune

AMD’s billionaire CEO says AI is overwhelming right now—but she disagrees with former Google exec who predicts the tech will be a job-killer

As AI wipes the job market for Gen Z, AMD CEO Lisa Su insists she’s still hiring at the $300 billion semiconductor company—and believes humanity will not be outpaced by AI.

Fortune

Harvard study reveals airlines padding schedules as long flight delays quadruple since 1990

“It’s kind of a pessimistic story,” Maxwell Tabarrok said.

Fortune

Memecoins are fusing with popular culture, and their influence will grow, says crypto pioneer Olaf Carlson-Wee

Crypto is going mainstream: What the next five years will look like.

Fortune

Exclusive: Former Goldman Sachs exec heads to crypto startup founded by former Meta engineers

Mustafa Al Niama was head of the Americas division of Goldman Sachs’ digital assets desk.

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