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The Latest Breaking News from Fortune

The national debt isn't $39 trillion. One economist says it's actually $100 trillion

"It's not a Ponzi scheme," Penn Wharton's Kent Smetters explained to Fortune. "It's a shell game."

Fortune

Morgan Stanley sees AI jobs surge in 3 areas related to AI—even though there's not enough revenue yet

"Typically, headcount growth has been required for revenue growth but AI is changing that relationship," the bank noted drily.

Fortune

'If you want to get promoted, you've got to do the things that we do': Accenture CEO says failure to use AI will cost workers a promotion—or their job

“If you want to get promoted, you've got to do the things that we do in order to operate Accenture,” Julie Sweet said.

Fortune

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'The conflict in Iran demonstrates why we need to keep our national debt at a reasonable level': think tank sees economic emergency around the corner

The Committee for a Responsible Federal Budget warns that war spending could tip into a fiscal crisis — and it's calling for a pre-built escape plan.

Fortune

The U.S. Mint dropped the olive branch from the dime. What does that mean for the country?

The eagle turned to the olive branch to show the nation's preference for peace over war.

Fortune

Adobe CEO Shantanu Narayen is stepping down after 18 years—as pressure on the company mounts to deliver on AI

Adobe beats first-quarter earnings estimates, reports record AI-driven revenue growth, and outlines cautious guidance for Q2.

Fortune

Ripple valued at $50 billion after $750 million share buyback

The fintech company’s valuation has grown despite a downturn in the digital assets industry.

Fortune

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Google and Tesla know electricity is expensive. They’re teaming up to bring you an alternative.

A new coalition of tech companies and energy distributors wants to work with regulators and lawmakers to improve electricity grid operations.

Fortune

Exxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price

The U.S. aims to fill gaps in global oil and gas demand from the Iran war, but big worldwide shortfalls mean big profits.

Fortune

Goldman just raised recession odds to 25%. Here's what Trump's war economy is doing to jobs

Payrolls shed 92,000 jobs in February, openings keep falling, and Goldman says the breakeven rate isn't being met. The labor market is sending a warning.

Fortune

Amazon puts humans further back in the loop as its retail website crashes from 'inaccurate advice' that an AI agent took from an old wiki

There was a different agenda at a weekly operations meeting recently: the fact that Amazon.com hasn't been working as smoothly.

Fortune

Google’s AI overviews are 44% more likely to trash your brand than ChatGPT

A new study of hundreds of millions of AI prompts finds negative brand content is no longer buried on page 10—it's now sometimes the first thing consumers see.

Fortune

Inside the Binance accounts internal investigators say helped transfer more than $1 billion to Iran-linked entities: A 79-year-old VIP Chinese trader and a suspected Iranian gold smuggler

Compliance experts expressed surprise that Binance did not immediately restrict the accounts, most of which have since been offboarded.

Fortune

Apple's $599 MacBook Neo is a 'shock to the entire market'—and PC makers are 'taking it very seriously'

PC companies are scrambling to respond to Apple's surprise entry into the budget laptop market, Asus CFO Nick Wu says—and rivals like Microsoft, Intel, and AMD are all "seriously discussing" how to compete.

Fortune

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Fortune

Jensen Huang runs the world's most valuable chip company. His bonus is $4 Million—if he's lucky

For the eighth-richest person in the world, a $4 million bonus sounds like a lot—until you remember it's coming from a $4.5 trillion company—and the IRS gets half.

Fortune

Trump might get away with his new tariffs: The law he’s relying on survived over 3,600 legal challenges, and even Biden used it

“Challenging whatever the administration does here is going to be much more difficult than the IEEPA case,” international trade expert Timothy Meyer told Fortune.

Fortune

Fertilizer prices soar as Strait of Hormuz tensions rise—forcing U.S. farmers to rethink spring planting

Geopolitical turmoil is driving fertilizer prices up 30%, forcing tough crop choices, former USDA chief economist Seth Meyer told Fortune. “A bad decision this year could be pretty costly.”

Fortune

Forget basketball. Next week's Nvidia GTC is the real March Madness for AI

As Jensen Huang prepares to take the stage, Nvidia is signaling its ambitions across the entire AI stack—from chips and infrastructure to models and autonomous vehicles.

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Fortune

The Iran war is reviving remote work across the world — from Denmark to Vietnam

As the conflict blocks global fuel trade, governments are bringing back work-from-home policies to save energy.

Fortune

Trump's Iran war could hike national debt by $65 billion in 60 days, while tariffs add another crushing blow

The Pentagon told lawmakers that they estimated the cost of the war exceeded $11.3 billion in the first 6 days of the conflict—and that didn't even include all of the pre-strike costs.

Fortune

The pay premium for job-hopping is disappearing—switching roles nearly has nearly the same payoff as staying loyal to an employer

U.S. workers who switched roles in January only got a 4% pay bump, compared to the 3.5% raise for those who stayed—and the job-hopping premium might only continue to sink.

Fortune

Starbucks' Howard Schultz moved to Seattle 44 years ago with his wife, dog, and not much else. Here's how he built his $6.6 billion fortune

Schultz also just announced his move from Seattle to Miami.

Fortune

Trump just put Republicans' hold on the Senate at risk while sending the national debt higher, Morgan Stanley says

The firm's Global Investment Office just dropped a sweeping analysis of the U.S.-Iran conflict. It should alarm every Republican heading into the midterms.

Fortune

Shark Tank’s Daymond John revealed the rapper Ice-T taught him to quit cutting corners at work because 'the time you think you saved today becomes the wall you face tomorrow'

“Since Ice-T shared it with me, I’m sharing it with you: ‘Cutting corners doesn’t move you forward. It just keeps you going in circles,’” Shark Tank’s Daymond John warns.

Fortune

'I don't know if we're ready': Governors from each party appalled at 100-year-old federal workforce strategy

"We have a workforce training system that was designed 100 years ago for a very different economy," Bill Haslam (R-TN) told Fortune.

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