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The Latest Breaking News from Fortune

The U.S. economy may be ‘bad to ugly’ right now, but investors are loving every minute of it

Stocks sink as weak job growth and rising tariffs push the U.S. economy from “bad to ugly.”

Fortune

HPE got tangled up in MAGA conspiracy theories, and now its $14 billion merger with Juniper could be thrown out

The feeling was that a combined HPE-Juniper offering would act as a “bulwark” against Huawei in markets where the Chinese company might otherwise be more dominant.

Fortune

What CFOs say about AI when they’re speaking off the record

Also: All the news and watercooler chat from Fortune.

Fortune

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Oakley's billionaire founder is the latest victim of the sluggish luxury housing market—but the profit he could still make shows an underlying problem

Some ultra-wealthy luxury home sellers are being forced to drop the prices of their listings.

Fortune

Southeast Asia’s three largest banks warn of macroeconomic headwinds following a mixed quarter

DBS’s quarterly profit grew by 1%, yet the bank acknowledged “external uncertainties.” Profits at fellow banks UOB and OCBC fell.

Fortune

AI is already changing the corporate org chart

AI isn't just a new tool for the modern workplace; it's quietly reshaping how companies are organized.

Fortune

How Palantir—a company too small to make the Fortune 500—became one of the world’s 25 most valuable companies

Palantir’s eccentric CEO has led one of the most controversial companies in Silicon Valley to unprecedented success.

Fortune

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Conservatives in my party killed clean energy: It’s time to resurrect it

Although 70% of U.S. wind power is generated in red states (Texas alone gets nearly 30% of its electricity from wind), wind energy has become a pariah among the GOP base.

Fortune

Millennials lead the ‘coffee badging’ revolt to protest return to office as businesses push to fill empty seats

Badge in, grab a coffee, talk to a few people, and then disappear back to your home office. It’s the migration pattern of the coffee badger.

Fortune

WM CEO Jim Fish never wants to be too busy to say hello to employees

"I think it's important, maybe as important for me as anyone." Fish told Fortune. "And I always make a point of smiling."

Fortune

AI isn't having a '90s internet moment, it's more like '60s personal computing, and it needs one special company to kickstart the revolution

AI has the talent and models to change the world, but without accessible, flexible compute, the revolution can’t begin.

Fortune

Meta contractors say they can see Facebook users sharing private information with their AI chatbots

Meta has a mixed track record when it comes to data governance and its reliance on third-party contractors.

Fortune

ESPN swallowing NFL RedZone, Hulu getting integrated, and WrestleMania: Disney’s big streaming swings, explained

Disney is building a “unified app experience, featuring branded and general entertainment, news, and sports, resulting in a one-of-a-kind entertainment destination for subscribers.”

Fortune

Goldman Sachs economist warns Gen Z tech workers are first on the chopping block as AI shows signs of shaking up the labor market

Unemployment among 20- to 30-year-olds in the tech sector has increased 3% since the beginning of the year, said Goldman Sachs senior economist Joseph Briggs.

Fortune

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news in one place.

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Palantir’s CTO became an overnight billionaire thanks to soaring stock—he’s the $411 billion AI firm’s fifth insider to join the ultra-wealthy club

Palantir’s CEO Alex Karp is competing with Nvidia’s Jensen Huang for who can create the most billionaires on their team.

Fortune

A 15-year old made millions from a card game he invented at age 7. He just sold it to a major toy company

Alex Butler's Taco vs Burrito just found a new home.

Fortune

Why Equinox’s CTO is testing a generative AI pilot to suggest workout and nutrition advice

Equinox places AI bets on productivity to make work faster for employees and personalization to help fitness enthusiasts finesse their workout plans.

Fortune

AI is gutting workforces—and an ex-Google exec says CEOs are too busy ‘celebrating’ their efficiency gains to see they’re next

Google’s former chief business officer Mo Gawdat says that the notion AI will create jobs is ‘100% crap’. He warns it’ll wipe out jobs, with even ‘incompetent CEOs’ and ‘evil’ government leaders on the chopping block.

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news in one place.

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Fortune

Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy

As Rusty Foster, author of the widely read media blog Today in Tabs, puts it: “Our economy might just be three AI data centers in a trench coat.”

Fortune

A bright spot for Tesla shareholders: Under Elon Musk’s new $27 billion comp package, their fate is now intertwined with his

If shareholders suffer over the next five years, so will Musk.

Fortune

Fearing tariff-induced price hikes, parents are back-to-school shopping earlier than any year on record

More than two-thirds of families started buying pencils, pens, paper, and folders in early July.

Fortune

The ultra-wealthy expect hotel-level amenities for their homes—and developers are racing to keep up

A simple pool and gym aren’t enough to attract wealthy residents anymore.

Fortune

Here's the one-page memo Warren Buffett sent to his managers every two years for over 25 years

Forget profit, billionaire Warren Buffett wants Berkshire Hathaway staff to worry first about reputation.

Fortune

Female founders from brands like Outdoor Voices and the Wing are ready for their comeback

Audrey Gelman and Ty Haney are building again, five years after losing control of their companies. It's about time.

Fortune

Only 5% of retirees say they’re ‘living the dream’ and 19% are ‘living the nightmare.’ Here are 3 lessons to protect your future

Deb Boyden, head of U.S. Defined Contribution at the $750 billion asset manager Schroders, offers takeaways from today's retirees.

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