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The Latest Breaking News from Fortune

Exclusive: BiggerPockets nets majority investment from TCG

BiggerPockets now has more than three million members and The Chernin Group (TCG) has made a majority investment in the platform, Fortune can exclusively report.

Fortune

Elon Musk’s backing of Donald Trump is hurting Tesla’s struggling EV business in Europe

German drugstore chain Rossmann said that Elon Musk's support for Donald Trump, the Republican candidate who calls climate change a hoax, goes against Tesla's mission—and it wants out.

Fortune

Can Southeast Asian countries work together to regulate AI?

"Bigger markets in the region [are] leaning towards protecting their own domestic market," said Gullnaz Baig, executive director of the Angsana Council.

Fortune

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Nara Smith TikTok DIY sunscreen causes more harm than good

As homemade sunscreen formulations are trending across social media, experts warn they are doing more harm than good.

Fortune

Ex-Binance adviser joins Harris' team—alongside regulator who fought the exchange

As Harris’ key advisers come to light, two of the appointees are no strangers to crypto.

Fortune

AI adoption in Southeast Asia faces serious challenges

Everyone wants AI to work—but there are a lot of "gaps" left to bridge to make it happen.

Fortune

A Microsoft victory and Mozilla defeat: The fallout from Google’s antitrust saga

Here are the biggest winners and losers in the aftermath of Google's antitrust ruling.

Fortune

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Elon Musk's troubled Trump PAC is now being investigated by two swing states after appearing to scrape voters' data

The probe is the latest of the PAC’s troubles, with a major shakeup happening in late July.

Fortune

Top economist Mohamed El-Erian warns an emergency Fed rate cut could reinforce a negative spiral and help spark a recession

“It’s a little bit like wanting to go to the emergency room for a cough,” El-Erian told Fortune.

Fortune

How might U.S. health care change with a Harris-Walz administration?

Big changes could be coming, according to policy experts.

Fortune

How an obscure Japanese yen trade sparked a global market meltdown—and why the worst could be yet to come

Financial experts explain the Japanese yen carry trade, a Wall Street favorite that’s beginning to unwind.

Fortune

Nvidia's Jensen Huang didn't feel the sharp end of the selloff—he offloaded $360M in stock before shares declined

From July to the time of writing, the average value of Huang's daily sale was $14.44 million.

Fortune

MIT economist: Markets have overestimated AI-driven productivity gains

The promise of an AI-driven productivity boom is music to everyone’s ears—but it has been overestimated.

Fortune

The youngest CFO in the Fortune 500 was set to take over his family's $21 billion chicken empire. Now his future is in doubt

For 89 years Tyson Foods was a family affair—but nobody could protect scion John Randal from his worst instincts.

Fortune

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Fortune

‘The Godmother of AI’ says California’s well-intended AI bill will harm the U.S. ecosystem

'I am not anti-AI governance—but SB-1047 falls short of standards,' writes Fei-Fei Li.

Fortune

The 5 reasons behind Monday’s global stock market rout

"The ‘Wall of Worry’ certainly has a broad enough foundation currently,” Jack Janasiewicz, lead portfolio strategist at Natixis Investment Managers, said.

Fortune

An EV charging company will penalize drivers who take more than they need

Once batteries reach 85%, the cord will shut off automatically, and loiterers will be charged 40 cents-a-minute.

Fortune

How to survive the stock market bloodbath, according to financial advisors

On the worst day in stock markets in nearly two years, financial advisors say: “Stop freaking out and just stay in."

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Fortune

U.S. to ban Chinese software in self-driving cars amid national security fears

Chinese-made autonomous vehicles have driven 1.8 million miles in California alone since 2017.

Fortune

Elon Musk revives feud with OpenAI’s Sam Altman—‘the Emperor has no clothes’

In a lawsuit filed Monday, the Tesla boss alleged OpenAI abandoned its goal of helping humanity in favor of making money.

Fortune

An emergency Fed rate cut of 75 basis point is needed now, Wharton’s Jeremy Siegel says

Another cut of 75 basis points should come at the Fed’s next meeting in September, he added.

Fortune

Nvidia challenger Groq just raised $640 million for its AI chips. Its college dropout CEO says a viral moment was 'a game changer'

The startup, now worth $2.8 billion, develops chips that specialize in speeding up AI "inference" and offers the compute power through its own AI cloud service.

Fortune

Women will soon have more money than men for the first time in history—and they’re following the MacKenzie Scott and Melinda Gates playbook

The unprecedented transfer of wealth to women is projected to reach $30 trillion in the next decade—and it will change the face of philanthropy.

Fortune

The global market meltdown just sent Wall Street’s ‘fear gauge’ to a 4-year high

“[T]his market volatility is mostly a global carry trade unwind and a reevaluation of the AI hype,” Jim Smigiel, chief investment officer at SEI, argued Monday.

Fortune

Steve Jobs was wrong. Finding work that you love might be the worst thing you can do

The pressure to love your work has been heating up since the seminal 2005 commencement speech at Stanford University by late Apple founder Steve Jobs

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