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The Latest Breaking News from Fortune

Poland is selling 1,000 metric tons of its vast frozen butter reserves in an unconventional move to tackle rising inflation

Butter has become a sensitive subject in Poland, even sliding into political debates. The auction will aim to sell tons of butter at discounted prices.

Fortune

BofA CEO Moynihan is settling in to outlast rival boss Dimon on Wall Street

Bank of America’s share price sits at $43.50 at the time of writing. Brian Moynihan wants to still be in the corner office when it hits $100.

Fortune

Microsoft is the biggest of the mystery whales buying up Nvidia chips

The vast majority of Nvidia’s coveted AI chips are bought by just a handful of the largest tech companies.

Fortune

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The founder of a collapsed private equity giant who took $100 million from Bill and Melinda Gates was expelled from the Giving Pledge

At its peak, Arif Naqvi’s private equity firm controlled almost $14 billion in assets.

Fortune

Salesforce CEO Marc Marc Benioff bashes Microsoft — again

Benioff thinks 2025 will be the year when AI starts to truly transform business and disrupt how we work.

Fortune

Bark Air, the high-end airline for dogs, is offering limited flights for one-eighth the normal cost

More dogs and their human companions can experience Bark Air thanks to more affordable flights starting in February.

Fortune

Malaysia's plan to build a high-speed train to Singapore struggles to leave the station

The ambitious high-speed rail project has been bogged by financial issues since it was first announced in 2013.

Fortune

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U.K. millennials will probably never see same income boom as elders, study shows

Income growth in the U.K. slowed massively after the financial crash, while it sped up in countries like the U.S. and Germany.

Fortune

Moody's downgrades 7 French banks amid debt crisis and political chaos

Moody's downgraded the ratings of banks including BNP Paribas and Credit Agricole amid fears over France's debt situation.

Fortune

California declares a state of emergency as a new severe bird flu case was discovered. What it means for the rest of the country

Whether the rest of the nation is willing to follow California's lead remains to be seen.

Fortune

‘Dots All Folks’ — BlackRock chief investment officer Rick Rieder calls it a ‘new phase’ of the rate-cutting cycle

BlackRock chief investment officer Rick Rieder calls it a "new phase" of the rate-cutting cycle.

Fortune

Billionaire Justin Sun pushed CoinDesk’s new owners to remove article about banana-eating, editorial chair Matt Murray resigns

The crypto exchange Bullish purchased CoinDesk in late 2023 for close to $75 million.

Fortune

How Texas billionaires made SMU a college football contender

The support of the deep-pocketed donors has quickly launched the program from mediocrity to national relevance.

Fortune

OpenAI says it’s not using voice data or transcripts of calls to new 1-800-ChatGPT phone line for AI training

Offering a free phone service to collect voice data is a tried-and-true Silicon Valley technique pioneered by Google.

Fortune

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Public health experts are warning of a ‘quad-demic’ this winter. Here’s where flu, COVID, RSV, and norovirus are spreading

Taking precautions to protect yourself from a quartet of infectious diseases can lessen your odds of starting off 2025 sick.

Fortune

Solana and XRP in line for ETFs in 2025, Bloomberg analysts say

Analysts predict “a wave of cryptocurrency ETFs” under incoming SEC chair Paul Atkins.

Fortune

Salesforce CEO Marc Benioff is a big believer in agentic AI

Agentic AI is making Marc Benioff feel like a beginner again.

Fortune

Michael Dell says adoption of AI PCs is ‘definitely delayed,’ but it’s coming: ‘I’ve seen this movie a couple times before’

Executives on Dell’s earnings call last month said that the company’s anticipated customer refresh to new AI-enabled PCs is going slower than expected, but CEO Michael Dell told Fortune he was unconcerned.

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Fortune

Nissan and Honda merger could be a move to head off crippling Trump tariffs

Combining forces would allow the companies to increase their U.S. manufacturing ahead of possible tariffs on car imports.

Fortune

COVID hydroxychloroquine study retracted after years of controversy

Elsevier issued its formal retraction on Tuesday.

Fortune

SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy

Former chief executive Tim Baxter left the retailer in September 2023, seven months before Express filed for Chapter 11 bankruptcy.

Fortune

Tech giants, Wall Street, and corporate elite are pouring millions into Donald Trump’s inauguration

The president-elect’s inaugural fund donors range from CEOs like Sam Altman and Ken Griffin, to Meta, Amazon, Bank of America and Goldman Sachs.

Fortune

How Lowe's is trying to spruce up shopping with AI, mixed-reality headsets, and other new technologies

The home improvement store is trying to upgrade its technology with AI and other tools.

Fortune

Jeff Bezos saved around $1 billion in taxes by moving to a ‘billionaire bunker’ in Florida

The Amazon founder saw an almost 10-figure savings by moving south.

Fortune

Slow Ventures is raising $275 million across two new funds: Filings

The early-stage VC firm based in New York, San Francisco, and Boston is run by Kevin Colleran, Sam Lessin, and Will Quist.

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