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The Latest Breaking News from Fortune

‘Big Short’ investor Michael Burry has a $1.1 billion bet against AI stocks, and markets are plunging

Wall Street expects tech stocks to take a hammering this morning—again.

Fortune

Former FBI special agent says he uses a simple trick to get the best hotel rooms in the world—and it’s all about showing love to the front desk

According to licensed private investigator Tom Simon, "I've been doing this for 20 years and the rooms I get are majestic, man."

Fortune

Ulta Beauty CEO Kecia Steelman went from earning $8 an hour to running the U.S.'s largest beauty retailer

Also: All the news and watercooler chat from Fortune.

Fortune

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Corcoran Group CEO says Gen Z and millionaires alike are flocking back to the city—but return-to-office mandates aren't the main reason

CEO of one of the nation’s largest realtors says New York’s gravitational pull is back—but it’s career insurance, not RTO, driving people to return.

Fortune

Meet the power broker of the AI age: OpenAI's 'builder-in-chief' helping to turn Sam Altman's trillion-dollar data center dreams into reality

Greg Brockman is OpenAI's master builder, steering a $1.4 trillion infrastructure buildout with stakes that go far beyond the tech sector.

Fortune

Grab CEO Anthony Tan suggests drivers could upskill to ‘new kinds of jobs’ as the firm prepares to launch robobuses next year

"Drivers could be remote safety drivers, data labelers; they could change LiDARs, cameras, and so forth," Tan told analysts during an earnings Q&A.

Fortune

Palantir’s ‘anti-woke’ playbook and ‘cultus’ winning strategy, after yet another earnings beat

The tech giant’s shares fell Tuesday on valuation concerns, but CEO Alex Karp insists investors are “fighting for the right side of what should work in this country.”

Fortune

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Gen Z dreams of a ‘Ralph Lauren Christmas’ in a dollar store American economy

A “Ralph Lauren Christmas” doesn’t have to be sourced from a Ralph Lauren store. It’s more a state of mind, and it’s more popular than ever.

Fortune

Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

The Supreme Court will begin hearing arguments Wednesday over whether President Donald Trump overstepped by using emergency powers to impose tariffs on more than 100 countries.

Fortune

Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady

After nearly a decade at the helm of Sequoia Capital, Roelof Botha will step aside as steward of the legendary Silicon Valley VC firm.

Fortune

Altcoin giant Animoca Brands aims to go public next year, listing will test investor appetite for exotic crypto assets

Animoca plans to float share on Nasdaq starting in 2026

Fortune

Trump’s breaking-the-china strategy isn’t working: Despite the global collateral damage, only modest progress has been made with China

Trump’s China visit revealed the weakness behind his tariff tactics, with major consequences for American businesses and consumers.

Fortune

The U.S. housing market is 'starved' for affordability: Boomers edge millennials and Gen Z out of homeownership in record numbers

Home buyers need to make six figures to afford a median-priced home in the U.S.

Fortune

Starbucks is the latest Western brand to change tactics in China

Now the CEO can devote more time to turning around Starbucks’ U.S. business.

Fortune

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Fortune

Inside the new open-source AI that helps anyone track a changing planet

OlmoEarth, a new open-source platform from the Allen Institute for AI, runs powerful AI models trained on millions of Earth observations from satellites, radar, and environmental sensors.

Fortune

Reese Witherspoon attributes her $440 million success to anxiety—she says she pushed herself to ‘extreme levels to show up at work in a perfect way’

Reese Witherspoon has spent four decades climbing Hollywood’s ranks—from an Oscar win to selling her company Hello Sunshine for $900 million. Now, the Gen X star says one trait fueled it all: anxiety.

Fortune

A risky mortgage instrument that helped spark the Global Financial Crisis is on the rise, but 3 things are different this time around

Before the crash of 2008, a decline in home prices was inconceivable to the market. Is the modern equivalent a federal rate hike?

Fortune

Uber says ‘unpredictable’ issues involving ‘legal proceedings or governmental investigations’ took a $479 million bite out of its bottom line

Uber's stock is down roughly 7% as of Tuesday morning following the earnings release, despite having climbed about 46% year-to-date.

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Fortune

‘Big Short’ investor Michael Burry follows up cryptic AI bubble warning with bearish stock activity on Nvidia and Palantir

“Sometimes, we see bubbles,” Burry said in a recent X post. “Sometimes, there is something to do about it. Sometimes, the only winning move is not to play.”

Fortune

Ray Dalio is backing a $1 billion blueberry unicorn that sells berries nearly the size of golf balls

Fruitist is the rare instance of a successful startup in 2025 that has nothing to do with AI.

Fortune

America’s wealthiest billionaires got $698 billion richer this year—and Trump's tax policy could give them a new windfall

The top 10 richest U.S. billionaires took home 833,631x more money than the typical American home, and inequality could get worse thanks to President Donald Trump’s tax changes, job scarcity, and a looming recession

Fortune

Goldman Sachs CEO debunks AI job replacement hysteria, saying humans will adapt like they always do: ‘Our economy is very nimble’

“There will be disruption. But I’m a big believer that our economy is very nimble, very flexible,” said David Solomon.

Fortune

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

Fortune

The air travel nightmare: TSA lines stretch for hours while workers go without pay amid the government shutdown

Delays could last as long as the government is shut down, Houston airports exec says after passengers waited hours in security lines.

Fortune

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

Jamie Dimon calls checking your email during a meeting disrespectful—but IBM’s CEO says he doesn’t care, depending on the number of people in the room.

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