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The Latest Breaking News from Fortune

In Trump’s year of cost-cutting and efficiency, national debt soars past $37 trillion

White House deputy press secretary Kush Desai told Fortune the debt-to-GDP ratio has fallen under Trump and will keep improving with pro-growth policies and record tariff revenues.

Fortune

Kodak's corporate doom: 133-year-old photo icon warns investors it may cease operations with $500 million debt problem

"They blew their future," one expert said.

Fortune

Parent firm of Tinder and OKCupid to pay $14 million to settle deceptive advertising charges

Company faced deceptive business charges from 2019.

Fortune

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AI is already creating a billionaire boom: There are now 498 AI unicorns—and they're worth $2.7 trillion

AI is attracting wealth faster than a ChatGPT search, bringing in more billion-dollar valuations than the dot-com boom has ever seen.

Fortune

Financial firms from Stripe to Circle are building their own blockchains—here’s why

Stripe is developing what it calls Tempo, and Circle announced Tuesday that it’s building a protocol called Arc.

Fortune

Cava CFO: Automation to 'enhance the human experience, not replace it'

The company is investing up to $10 million in a food technology startup.

Fortune

Kroger's CEO mysteriously resigned. An unrelated lawsuit involving Jewel could reveal why

As part of his departure, former Kroger CEO Rodney McMullen forfeited all of his unvested equity and bonuses—a total of $11 million.

Fortune

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There’s a good reason stocks continue to hit all-time highs—most companies are beating expectations, JPMorgan says

Seventy-six percent of the companies reporting their Q2 results so far have beaten earnings estimates, JPMorgan says.

Fortune

Rebecca Lynn spins out of Canvas Ventures to found Canvas Prime as solo GP

Canvas Ventures’ Rebecca Lynn is spinning out into a new firm as a solo GP, she exclusively told Fortune.

Fortune

Markets have convinced themselves they’ll get a September base rate cut. Now they’re eyeing a double reduction

Treasury Secretary Scott Bessent is pushing for 50 bps to offset missed opportunities earlier this summer, but some analysts warn that rising core inflation to 3.1% and upcoming jobs data could still delay action.

Fortune

Successful CEOs use ‘the rule of 5’ to create and keep new habits, says the career coach to the Fortune 500

If you can count to five, you have the tools to implement a change, says Bill Hoogterp.

Fortune

How CEOs deal with Trump: Praise, face time, remorse, and gifts made of gold all go a long way, experience shows

Also: All the news and watercooler chat from Fortune.

Fortune

Finance companies fight back against AI deepfakes, with over 70% of new enrollment attempts to some firms being fake

While AI presents an opportunity for financial firms like Ant International, it also poses risks.

Fortune

Sea shares jump almost 20% after strong Q2, as CEO Forrest Li searches for new growth opportunities

The owner of the e-commerce platform Shopee reported quarterly revenue that jumped almost 40% year on year to reach $5.3 billion.

Fortune

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Is MAGA going Marxist and Maoist? Trump's assault on free-market capitalism

Many business leaders are horrified at the prospect of New York City turning socialist under Zohran Mamdani, but Trump's assaults on free-market capitalism make him look like John D. Rockefeller.

Fortune

Exclusive: Top crypto VC Matt Huang to lead Stripe blockchain Tempo as CEO, stay at Paradigm

Huang serves on Stripe’s board, and his VC firm Paradigm is helping incubate the fintech’s blockchain.

Fortune

'I disdain corporate speak': Tech founder disregards comms and legal in tell-all sign-off post about the heavy weight of being CEO

“I’ve never overhyped or played into the Silicon Valley kool-aid drinking tech bro stereotypes,” said Life360 co-founder Chris Hulls in a farewell blog post.

Fortune

'Maybe, he ought to just focus on being a DJ': Trump rips Goldman Sachs CEO

Trump insisted "Trillions of Dollars are being taken in on Tariffs.” Several sources calculate the trillion-dollar mark to be years away.

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Fortune

Chipotle and Cava put rivalry on pause with $25 million bet on restaurant automation

Cava CFO Tricia Tolivar speaks about the company's first major automation investment.

Fortune

GPT-5’s model router ignited a user backlash against OpenAI—but it might be the future of AI

OpenAI’s latest upgrade was supposed to be a leap forward. Instead, it sparked backlash—and raises big questions about whether stitching together multiple models is the path to AI’s future.

Fortune

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

Fortune

Ford's $5 billion bet on the 'Model T' of EVs could cost the company 'billions' more if it fails, analysts warn—mounting losses from its Model E woes

Should the American auto brand fail to bring its lofty EV vision to life, “it could be terminal for the brand,” one analyst told Fortune.

Fortune

From hacker to bodyguard to target—AI pulled triple duty at the year’s biggest security events

At Black Hat and DEF CON, AI was on all sides of the security fight—breaking into systems, defending them, and getting breached itself.

Fortune

'Sometimes the good guys don't win': Former Hulu VP mourns Disney's shuttering of the iconic streaming app

“Lots of companies talk about caring about their customers, Hulu really did. In a visceral way,” wrote former SVP Ben Smith on LinkedIn.

Fortune

Perplexity's $34.5 billion gambit for Google's Chrome could change the AI wars overnight

The Department of Justice wants Google to be forced to sell Chrome. One industry rival valued it at upwards of $50 billion.

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