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The Latest Breaking News from Fortune

Circle shares slump after Q3 earnings despite big jump in revenue

Investors appeared concerned over declining interest rates and rising expenses at the stablecoin giant.

Fortune

Gen Z, iced out from traditional white-collar jobs, is increasingly turning to nanny work for rich people—and nabbing 6-figure salaries in the process

High-net-worth nannies are becoming a new career path for young job seekers disillusioned by the corporate grind.

Fortune

JLL Global CEO Christian Ulbrich: There is no 'silver bullet' NYC mayor-elect Zohran Mamdani can shoot to make the city affordable again

"We are very open, if our advice is asked, to help the new mayor," Ulbrich told Fortune.

Fortune

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Why Land O'Lakes is piloting a new AI tool called 'Oz' in bid to help boost profits on cost-pressured American farms

The Fortune 500 dairy cooperative's new AI assistant can help agronomists and cash-strapped farmers map out their crop production and respond to challenges during the growing season.

Fortune

Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons

Berkshire Hathaway mogul Buffett, worth $150 billion, says kindness is more golden than big bank accounts. He still eats at McDonald’s, and says luxury purchases wouldn’t make him happier.

Fortune

Trump, who slapped an extra $100,000 on the H-1B visa, now says there aren’t enough talented people in the U.S. to fill jobs

The president argued U.S. companies need specialized labor from foreign workers and can’t “take people off an unemployment line who haven't worked in five years.”

Fortune

Ford CEO says he has 5,000 open mechanic jobs with 6-figure salaries from the shortage of manually skilled workers: ‘We are in trouble in our country’

“We do not have trade schools. We are not investing in educating a next generation of people,” Jim Farley said.

Fortune

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The shutdown 'accomplished nothing and caused significant harm' to many people, budget watchdog says, giving 'new meaning to fiscal irresponsibility'

"It's hard to imagine the bar for dysfunctional government getting any lower than it is right now," said the Committee for a Responsible Federal Budget.

Fortune

OpenAI says it plans to report stunning annual losses through 2028—and then turn wildly profitable just two years later

The company anticipates burning through roughly $9 billion this year on $13 billion in sales, a cash burn rate of approximately 70% of revenue.

Fortune

IEA heralds 'the Age of Electricity' while warning that oil may not be peaking in 2030 after all

The International Energy Agency’s World Energy Outlook still sees a pathway to mitigage "the most severe risks from climate change."

Fortune

Marriott abruptly cut ties with Sonder, leaving thousands of hotel guests stranded: It's 'inconceivable' they would treat humans that way, guest says

Travel advisor told Fortune there’s no precedent for the debacle. “Sorry, that's not justifiable at all.”

Fortune

Ford CEO Jim Farley says the secret to climbing the corporate ladder flows through this department—and Tim Cook is proof it works

The secret to CEO success isn’t knowing how to code or use AI chatbots—it’s mastering the supply chain, according to Ford’s Jim Farley.

Fortune

Older generations bash Gen Z for 'doom spending.' But experts say there's a good reason why people splurge when they're young

“My aspiration for material stuff is the inverse of what else I have to offer the world,” The Psychology of Money author said.

Fortune

Kim Kardashian's Skims is now worth $5 billion after a massive $225 million funding round led by Goldman Sachs

Young people are obsessed with Kim K's shapewear line. Nearly 70% of Skims' customers are Gen Z or millennials.

Fortune

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Your software should be space-grade — take it from an aerospace operations engineer

It doesn’t get more physical than aerospace. I know. I spent over 10 years on SpaceX’s mission operations team in charge of pioneering innovation.

Fortune

As Gen Z question the values of higher ed, CEO at this nearly $1 billion company says it’s ‘silly’ to think one degree will be enough education for life

Udemy CEO Hugo Sarrazin says the degrees vs. skills debate should be focused on “cohabitation.”

Fortune

How Cisco is leaning on recruiting and upskilling staff in the AI era—instead of mass layoffs

As AI reshapes the workplace, Cisco is betting on its existing workforce instead of mass layoffs—arming them to code, innovate, and adapt.

Fortune

The new job for the airport CEO: It's more challenging — and more uplifting — than ever

More than 40 years ago, Art Gensler himself asked me to rethink the firm’s concept for Delta’s new terminal at LAX the night before a major presentation.

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Fortune

Creating resilient communities to avoid the next housing crisis

The housing sector needs some of America's famous car culture.

Fortune

AI is reimagining work. CEOs must rethink how we prepare future workers

AI and automation are already reshaping the future of work, but our collective choices will determine whether the disruption leads to decline or renewal.

Fortune

Trump's 50-year mortgage would save you about $119 a month while doubling the interest you pay over the long run, UBS estimates

Is an extra $119 per month worth another 20 years of borrowing?

Fortune

Crypto startup Seismic raises $10 million to help fintechs protect customer data

The company uses blockchain to ensure privacy in everyday financial services.

Fortune

MIT researcher gives advice on how to tame, harness AI 'workslop'

The hidden costs of AI-generated workslop threaten productivity, but transparency can help restore trust.

Fortune

Elias Torres’s Agency raises $20 million Series A to chase agentic AI for customer success

Founded in 2024, Agency has raised its $20 million Series A, led by Menlo Ventures, Fortune has exclusively learned.

Fortune

Hopes for a December rate cut are fading fast despite labor fears—Jerome Powell will have his work cut out attempting to unite the Fed

Weaker labor market data should be building the case for Powell to post a cut—and yet expectations are leaning toward the hawkish.

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