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The Latest Breaking News from Fortune

Private equity is devouring the economy as boomer entrepreneurs exit—but a new approach to employee ownership can change that

When the employees become owners under an ESOP roll-up, they can directly increase the value of their stock by sharing best practices across companies.

Fortune

Kendra Scott CEO Tom Nolan doesn't like a know-it-all leader

How the publisher of a golf magazine ended up running one of the country's biggest jewelry companies.

Fortune

Want to know Trump’s next Treasury Secretary? Don’t look to Jamie Dimon, but to the people who made Trump money

Donald Trump’s former Treasury Secretary was hedge funder Steven Mnuchin, who earned the former president’s trust by helping him raise of $100 million.

Fortune

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Downbeat CEOs worry inflation may prove stickier than anticipated after recent Fed disappointment

Fortune and Deloitte collaborated once more to take the pulse of the C-suite, and responses from CEOs surveyed in June reveal fresh concerns over pricing pressure.

Fortune

AI could become the ‘new steel’ as overcapacity risk goes unnoticed

When various governments intervene to increase capacity, as they have done with steel and may now be doing with AI, we struggle with spillover effects.

Fortune

Joy, a platform that answers parents' questions 24/7, raises $10 million

The platform, called Joy, offers parents live advice on issues like feeding and sleep.

Fortune

Picking a president is different than picking a CEO—but there are a few habits that political parties could learn from corporate America

Just like companies, political leaders should be developing internal talent and keeping an eye on external frontrunners.

Fortune

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Donald Trump told the Fed not to cut rates before the election—but Wall Street is convinced he won't get his way

"The market is now pricing in more than two 25-basis-point rate cuts by year-end, including a near-100% chance of a September cut."

Fortune

As Wiz turns down Google's $23 billion offer, a founder shares his deal regret

“Did we maximize our value? Probably not," says Jyoti Bansal, founder of AppDynamics.

Fortune

Jaguar Land Rover is the world's best electric racing team. Here's how that will shape its EVs

Jaguar Land Rover is developing power trains and battery technology that will soon make its way to its commercial offerings.

Fortune

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday company said it was laying off about 20 employees (out of close to 400).

Fortune

AI could be the best long-term disinflationary force in a challenging global economy

AI-driven efficiencies and even more sophisticated computing will drive the next 20 to 30 years of productivity gains.

Fortune

The SEC bungled a crypto lawsuit. Then came an alleged kidnapping in Dubai—and questions about $400 million of investors' funds

A police report filed in Utah details a strange development in the infamous Debt Box case, where a judge sanctioned the Gary Gensler-led agency.

Fortune

Biden follows a long line of Western leaders who voluntarily surrendered power at the end of a ‘heroic journey,’ says the author of The Hero’s Farewell

The end of a hero's journey is never simple, writes Jeffrey Sonnenfeld.

Fortune

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Fortune

The Fortune 50 Best Places to Live will serve multigenerational families for the long haul

The third annual Best Places to Live for Families list is here.

Fortune

Meet the CFO-turned-CEO driving record growth for cult-favorite energy drink Celsius

John Fieldly pitched himself for the top role at the company.

Fortune

The global M&A market’s big-deal bravado is losing steam as rates stay high in 2024

The largest sector for M&A globally was technology, with deal volume up 37% year on year, of which North America made up some 66% of the total.

Fortune

Hamilton Lane becomes first asset manager to launch a fund on Solana blockchain

Private markets investment manager is the first 'TradFi' firm to launch a fund on the network.

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Fortune

Timothy Armoo lost over £74k on Alibaba Stock, before tapping into his generation's love for avocados and influencers—now he’s a self-made multimillionaire

Timothy Armoo says an avocado business and lithium mine have been his best investments.

Fortune

Wiz turns down $23 billion Google deal, says it's aiming for IPO

Assaf Rappaport, CEO and cofounder of the cybersecurity startup, told employees the company will remain independent and aim for $1 billion in annual recurring revenue and a public stock offering as its next big goals.

Fortune

What CEOs could expect from a President Kamala Harris

The VP is likely to tout her administration's relatively calm stewardship to Big Business.

Fortune

Do you have AI skills? Getting a job in data engineering will likely lead you to a six-figure salary and beyond

Data engineers with at least 3 years of relevant work experience can easily earn six-figures at places like IBM, Meta, and Capital One.

Fortune

LinkedIn turns to games and AI to attract and retain users

The company said users interact with 1.5 million pieces of content on the site every minute.

Fortune

Kamala Harris could mean an end to Democrats' hard line on crypto—but it's too soon to say for sure

While President Biden took a harsh stance toward digital assets, Harris has signaled a pro-tech agenda.

Fortune

Why it’s so difficult to convince leaders like President Biden to step back

The very qualities that make great leaders—vision, confidence, and determination—can put blinders on even the most well-intentioned ones.

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