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The Latest Breaking News from Fortune

The Fed is pausing interest rates as most investors

The Fed delivered on investor expectations and paused rate cuts for the first time in three meetings.

Fortune

OpenAI ex–board member Helen Toner says revoking ban on Nvidia AI chip exports would be a ‘huge victory’ for China

Scrapping export restrictions on top-of-the-line GPU chips because of DeepSeek’s AI success would hand China a major win, says Toner.

Fortune

Top hires in Trump’s Office of Personnel Management reportedly include a 21-year-old and a freshly graduated high-schooler

The Gen Z hires represent sweeping efforts by President Donald Trump and Elon Musk to overhaul federal bureaucracy and bring in “loyal, trustworthy” workers.

Fortune

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Which issues will be top of mind for business leaders in 2025?

Deloitte CEO Jason Girzadas discusses the issues that have CEOs will be talking about in 2025.

Fortune

Mark Zuckerberg is reportedly looking for a home in Washington, D.C., to be even closer to the commander-in-chief and his inner circle

He may have found a place, according to the Financial Times.

Fortune

Bill Gates says he will never downsize his ‘gigantic’ $130 million mansion he bought for just $2 million

Billionaire boomer Bill Gates doesn’t want to move out of his "bachelor’s dream" house complete with 24 bathrooms and a trampoline room, despite being a single empty nester.

Fortune

Forget the Great Wealth Transfer—Boomers and Gen X are saving the luxury market with fancy hotel stays and shopping sprees

After years in the doldrums, the luxury sector seems to be showing green shoots—Bank of America has found wealthy Gen Xers are apparently to thank.

Fortune

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DeepSeek is great news for Microsoft and software stocks

DeepSeek’s success initially rattled investors’ assumptions about the AI spending wave that has swept through Silicon Valley in recent years.

Fortune

President Trump’s tariff threats are working as Audi ponders a U.S. manufacturing site—and Porsche might join

The two Volkswagen Group brands have never built cars in the U.S., but a combination of lower taxes and higher tariffs might change their mind.

Fortune

Eighth-grade reading skills in the U.S. are at their lowest level since testing began

Just 67% of eighth-graders score at or above a basic level.

Fortune

FDA reclassifies Lay's recall in Northwest to highest level

Frito-Lay insists all affected bags are currently off shelves.

Fortune

How tech leaders are rethinking their cloud strategies in the face of fast-rising costs

As spending on cloud computing rises sharply amid the generative AI boom, executives are on the hunt for cost savings.

Fortune

Trump Media expands into fintech and cryptocurrency — and the stock leaps

The president’s company will launch a fintech and investment platform called Truth.Fi to invest in ETFs and crypto.

Fortune

DeepSeek used OpenAI's model to train its competitor using ‘distillation,' White House AI czar says

David Sacks says OpenAI has evidence that Chinese company DeepSeek used a technique called "distillation" to build a rival model.

Fortune

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Fortune

Trump to federal employees on 'fork in the road': Quit now and collect eight months' pay for nothing

Almost all civil servants can opt to resign now and get paid through September without showing up for work—but Senator Tim Kaine warns it's a trick.

Fortune

China’s DeepSeek AI is full of false and dangerous information, researchers warn

Deep scrutiny of the market-roiling DeepSeek is uncovering big safety problems.

Fortune

JPMorgan vet and Luminary founder keeps a shortlist of businesses she'd like to acquire—and tells all founders do the same

Cate Luzio's company just announced a deal to buy HeyMama, digital membership-based community.

Fortune

Companies are failing to upskill their workers one group of women are the biggest losers

Surprise!

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Fortune

Exclusive: Domain registration company D3 raises $25 million from Paradigm to launch Doma blockchain

“All the good dot coms are taken. There's about 150 million of these things.”

Fortune

What Bernard Arnault's optimism for the U.S. could mean for LVMH's position under 'tariff man' Trump

"It's clear that we are being strongly pushed by the American authorities to continue to build out our presence," Bernard Arnault told reporters.

Fortune

ASML boss cites ‘Moore’s law’ for DeepSeek optimism, warns of more AI ‘elephants in the room’

ASML offset losses from Monday’s stock market wipeout as its CEO welcomed the arrival of cheaper AI models.

Fortune

Food giant Sysco's CEO says bird flu will keep egg prices high

The company also weighed in on the price of proteins like beef and chicken.

Fortune

Los Angeles VCs unite to launch LA Tech Community Cares Fund for fire recovery

In Los Angeles, the venture community has banded together, launching The LA Tech Community Cares Fund to support fire recovery efforts.

Fortune

Companies like Costco and Apple are defending their DEI programs despite nationwide pushback—These are the companies standing by their policies

“Nothing has changed.”

Fortune

Redfin CEO Glenn Kelman: ‘People think you’re a saint just for picking up the telephone’

Also: This year’s most admired companies, More effects and insights from DeepSeek.

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