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The Latest Breaking News from Fortune

Saks Global's near bankruptcy is the result of risky dealmaking—and a neglect of business basics

Also: All the news and watercooler chat from Fortune.

Fortune

The U.S. naval blockade of Venezuela has cost $700 million already—and is rising by $9 million daily

Trump is urging U.S. oil companies to return to Venezuela but question marks remain with instability, high costs, and weak oil prices.

Fortune

More Americans will die than be born in 2030, CBO predicts—leaving immigrants as the only source of population growth

Deportations shrank this timeline by a decade, putting unprecedented pressure on Social Security.

Fortune

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These are the 10 most on-time airlines in the world, and only one American company made the cut

The only U.S. airline on Cirium’s top 10 list came in last place.

Fortune

AI layoffs are looking more and more like corporate fiction that's masking a darker reality, Oxford Economics suggests

"Firms don't appear to be replacing workers with AI on a significant scale," the firm said. It suspects some are trying to "dress up layoffs" as good news.

Fortune

Trump threatens to ban Wall Street from buying the house next door, saying 'American Dream is increasingly out of reach for far too many people'

Trump has not yet released draft legislation or an executive order, but officials and outside analysts say the administration is exploring several avenues.

Fortune

82% of voters want Congress to focus on the $38 trillion national debt, watchdog says: 'voters are understandably concerned'

The nonpartisan Peter G. Peterson Foundation finds widespread — and bipartisan — concern over the debt.

Fortune

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Americans missed out on a 'once-in-a-lifetime' chance to buy a house—the 3 shifts it would take to make housing affordable are 'very unlikely'

“We see the housing market remaining relatively stuck without major progress being made on affordability,” home construction CEO says.

Fortune

RFK Jr. is pushing Americans to eat more red meat and dairy as Starbucks, Chipotle, and others cash in on protein craze

Americans want more protein in their diets, and brands have been happy to oblige.

Fortune

Trump’s Greenland takeover would require ‘billions upon billions’ spent over decades to acquire a mineral industry that doesn’t yet exist, experts say

As the White House confirms military force is "always an option," experts say the costs—financial, strategic, and geopolitical—will be staggering.

Fortune

Jensen Huang might be fine with a billionaires tax, but Google cofounder Larry Page is already dumping California

Page converted several of his assets out of California before the end of 2025, according to state filings.

Fortune

OpenAI launches ChatGPT Health in a push to become a hub for personal health data

The new consumer-facing product lets users connect medical records, wellness apps, and wearable data, extending the way in which millions of people already use ChatGPT for health questions.

Fortune

The typical American plan to study for 22 years and work for 40 ‘is broken,’ VC CEO says. Thanks to AI, employees can’t coast after graduation anymore

Employees have to constantly reskill to stay afloat, says General Catalyst CEO Hemant Taneja.

Fortune

Top economist says latest jobs data shows a 'gut-wrenching’ labor market for the middle class

“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”

Fortune

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Fortune

Venezuela rumored to hold $60B Bitcoin ‘shadow reserve’

If true, the claim could significantly reshape the global bitcoin market.

Fortune

‘It feels challenging to break through’: Most recruiters say they can’t find talent while 80% of job seekers feel unprepared to find a job

“They’re navigating fierce competition, uncertain about which roles they qualify for, and wondering whether their AI skills measure up,” said Teuila Hanson, LinkedIn’s chief people officer.

Fortune

Nestlé's CIO says the value of the food giant's AI investments goes well beyond efficiency

The world’s largest food and beverage company is using AI to rethink pricing, factories, sales, but the company's chief information officer isn't just focused on squeezing out efficiency gains.

Fortune

Jamie Dimon's bombshell on proxy advisory delivers a body blow to the firms he called 'incompetent'

In a break that shapes the architecture of shareholder power, JPMorgan Asset Management severed all ties this week with ISS and Glass Lewis.

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Fortune

OpenAI suggests ChatGPT play doctor as millions of Americans face spiking insurance costs: 'In the U.S., ChatGPT has become an important ally'

Even before the expiry of ACA subsidies, more and more Americans were turning to AI to navigate healthcare.

Fortune

Mamdani advisor under fire for resurfaced ‘white supremacy’ tweets but landlords are really upset about hearings ‘to shame and embarrass them’

Amir Korangy of The Real Deal told Fortune that Cea Weaver is “outranked by moderate Mamdani allies” and has no authority to seize buildings.

Fortune

Netflix co-CEO says he doesn't read business books—at all. Instead, he reads one 1902 fiction about a ship and its 'reckless hot dog' captain over and over again

Like Elon Musk and Tim Cook, Netflix’s co-CEO Ted Sarandos is a fan of good books. But instead of picking up traditional management reads, he leans on a 123-year-old fiction he once thought was about a reckless “hot dog.”

Fortune

Staff at a major Swedish pharmacy chain are being paid to take time off with friends to combat loneliness—they can even text loved ones during the $100 ‘friendship hour’

Pharma chain Apotek Hjärtat is footing the bill for its employees to text their friends, go out to lunch, or catch up over a phone call. It could help combat the $154 billion workplace isolation issue.

Fortune

Jensen Huang is 'perfectly fine' with a billionaire tax, shrugging off concerns that it might scatter Silicon Valley's talent pool

"We chose to live in Silicon Valley and whatever taxes they would like to apply, so be it," Huang said.

Fortune

Student loan borrowers: The Education Department is garnishing wages for millions in default. Here is who is affected and how much they can take

Wage garnishment "is a scary concept since they can take 15% of after-tax income," Ashley Morgan, debt and bankruptcy attorney and owner of Ashley F. Morgan Law PC, told Fortune.

Fortune

Fireblocks acquires crypto accounting platform TRES Finance for $130 million

This is the crypto infrastructure firm’s second acquisition over the past year.

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