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The Latest Breaking News from Fortune

We're about to find out who's really paying for tariffs

Economists at Goldman Sachs expect companies will pass on 70% of tariff costs to consumers via higher prices.

Fortune

The U.S. created over 1,000 new millionaires per day in 2024

Mainland China added roughly 380 new millionaires per day, according to the UBS Global Wealth Report.

Fortune

Goldman Sachs doesn't have to hire a $180,000 software engineer—meet Devin, its new AI-powered worker

Goldman is ushering in a “hybrid workforce” era in which humans and AI coexist. Its newest autonomous employee, Devin, joins the nearly 12,000 existing software engineers at the company.

Fortune

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Need to cool your home? Try smearing yogurt on the windows

It can make a difference of more than 6 degrees, he says.

Fortune

Ford recalls more than 850,000 vehicles, including the F-150 and Bronco

Company has issued more safety recalls in the first six months of this year than any automaker ever.

Fortune

Tylenol parent Kenvue has a new CEO, and he has lots of work to do to mollify activist investors

The company will likely focus on off-loading smaller beauty brands.

Fortune

Gen Z is right about the job hunt—it really is worse than it was for millennials, with nearly 60% of fresh faced grads frozen out of the workforce

When millennials, Gen X, and baby boomers graduated, just a quarter could expect to be unemployed that year. Meanwhile, nearly 60% of fresh-faced Gen Z grads today can’t land a job.

Fortune

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No, that wasn't really Elmo calling for the release of the Epstein files

Muppet has since reclaimed the account.

Fortune

If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

Deutsche Bank's explosive scenario in a note titled, “What if ?”

Fortune

Bitcoin blows past $120,000 to new all-time high as investors pile into BlackRock ETFs

The asset management giant saw an influx of $2.4 billion into its crypto investment products last week.

Fortune

I’m leading the world’s largest global law firm as AI transforms the legal profession. Lawyers must double down on this one skill.

AI can handle the mechanics of law, but what makes a lawyer indispensable goes further than processing power.

Fortune

A new way to eat: Fixing a food system that leaves us vulnerable and hurts the environment

Sustainability can be baked into our food system from seed to shelf, as the Big Food Redesign Challenge demonstrates.

Fortune

The popularization of egg freezing has created a new 'fertility wealth gap'

Women are bearing the brunt of the financial burden to be able to have children later in life, even though men benefit too.

Fortune

Stacey Abrams shares a warning for companies that go back on their DEI promises: ‘It costs you’

Reversing policies due to the government’s demands comes with repercussions.

Fortune

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Elon Musk promises Tesla shareholders a vote over buying equity in his Grok startup: ‘If it was up to me, Tesla would have invested in xAI long ago’

The news comes as Musk's SpaceX company reportedly contributed $2 billion to last months's $10 billion xAI fundraising consisting of equal parts equity and debt.

Fortune

Pay raises plateau: Companies hold steady on salary budgets for 2026

Despite limited pay growth, employee turnover remains low.

Fortune

Tokenized stocks are the next big fintech buzzword. Are they an innovation or a regulatory loophole?

Robinhood announced the launch of OpenAI tokens, sparking a debate over blockchain-wrapper stocks.

Fortune

Markets are preparing for an international game of tariff bluff—but President Trump may no longer need to back down

Analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest Trump's sharp escalation is more likely a negotiation tactic than a firm policy shift.

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Fortune

The markets are playing chicken against Trump on the assumption that the Fed will rescue them if their call is wrong

"At some stage, someone’s bluff could be called," says Deutsche Bank's Jim Reid. "If huge tariffs do get imposed on August 1st, in thin holiday markets, we could get a sizeable market reaction.”

Fortune

Linda Yaccarino got the CEO title. She paid with her reputation

The former X CEO is a cautionary tale of why chasing prestige can destroy the reputation that got you there.

Fortune

Panasonic’s Megan Myungwon Lee wants half the battery supply chain inside North America by 2030

Also: All the news and watercooler chat from Fortune.

Fortune

OCBC’s next CEO shows the Singaporean bank is still betting on ASEAN-China ties for growth

OCBC’s CEO-to-be comes with a wealth of China experience, including a five-year stint leading DBS’s institutional banking business in China.

Fortune

Cybercrime is big business in Asia, and AI could be about to make things worse

Asia's "mobile-first market" makes it easier for scammers to make a direct connection to their victims.

Fortune

Dow futures sink as Trump keeps pushing tariffs while White House suggests Powell's job could be at risk

After Wall Street previously downplayed risks from President Donald Trump's trade war, investors are starting to take his tariff threats more seriously.

Fortune

Elon Musk and some Democrats like Reid Hoffman actually share common ground on U.S. debt

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.

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