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The Latest Breaking News from Fortune

The housing market now has more ‘downside risks’: layoffs from DOGE and the trade war

A week of back-to-back housing data revealed a tiny boost in sales and modest improvement where home prices and mortgage rates are concerned. But don’t be fooled, housing is still unaffordable for many.

Fortune

How Joann Fabrics went from a cult-favorite retail darling to a bankruptcy disaster

Generational spending shifts, a leveraged buyout, and a post-pandemic whiff have all contributed to the death of a beloved American institution.

Fortune

Wall Street changes its tune on China as DeepSeek and policy hopes win back investors: 'Confidence does feel like it's returned'

“Absolutely [China] is investable,” said Jenny Johnson, CEO of Franklin Templeton, in Hong Kong on Thursday.

Fortune

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Warned car tariffs will cost Americans $100 billion, Trump White House won’t budge—‘We must become a manufacturing powerhouse’

The Trump administration argues tariffs will help it rebuild an industrial base the U.S. squandered over decades through the wrong trade policies.

Fortune

Tesla shareholders who are furious with Elon Musk have 2 main options to advocate for change

Launching a lawsuit against Musk is unlikely to work, says a legal scholar.

Fortune

Oracle is reportedly among wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’

The Department of Defense announced $580 million in funding, grant, and contract cuts last week.

Fortune

This real estate billionaire prepared his son for succession by forcing him to work for a different boss—'You’re not going to work for me'

Billionaire Jorge Pérez shocked his son Jon Paul by refusing him a job at the family real estate company until he earned experience working elsewhere. The hard work paid off decades later, with Jon Paul now taking over as CEO.

Fortune

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Markets may be past peak tariff uncertainty, even as investors weigh new tax on auto imports and brace for 'Liberation Day'

The “American exceptionalism” trade might not be dead yet, fund managers told Fortune.

Fortune

LVMH heir Alexandre Arnault will join the board of top-end ski wear brand Moncler after the French giant struck a deal with its CEO

LVMH bought a 10% minority stake in Double R, Moncler’s largest shareholder and the vehicle owned by its CEO Remo Ruffini, six months ago.

Fortune

You might want to spit that gum out. Why? Microplastics

94% of the microplastics in gum were released within the first eight minutes of chewing, researchers found.

Fortune

GameStop stock slides 23% after announcing strategy shift and plans to buy $1.3 billion worth of Bitcoin

The company also plans to close a “significant number” of its stores in coming months.

Fortune

Most Americans own 1 life insurance policy. Why do incoming SEC chair Paul Atkins and his wife own 54?

Experts speculate that the dozens of policies may be a tax strategy—or that Atkins may be buying up others’ policies as an investment.

Fortune

I landed job offers at Meta, Microsoft, and Google, thanks to this LinkedIn hack anyone can use

As Gen Z struggles to get hired, tech CEO Michael Yan is revealing a LinkedIn hack for landing job offers at major companies

Fortune

Trump's 'shotgun approach' to auto tariffs will have significant ripple effects—even if you're not buying a car: 'Virtually nothing goes unscathed'

You may want to buy that car you’ve been eyeing “in the next couple of days, even this weekend,” one expert said.

Fortune

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Fortune

From outcast to on-track: How M&S found a culture to turn a crumbling business around

M&S is enjoying four years of growth under the leadership of Archie Norman and Stuart Machin however there is still much more to do and they are not resting on their laurels.

Fortune

Perplexity wants to build the next great online shopping experience—with help from a small startup

The company is working with startup Firmly.ai to help make it easy for any brand, big or small, to start selling goods directly through its service.

Fortune

Meta's not the only company with a ‘do not hire’ list—experts reveal the surprisingly common red flags that can get you blacklisted

Workplace experts say employer ‘block lists’ are common, especially in tech. Being an ‘activist’ or even quitting at the wrong time could quietly get you blacklisted.

Fortune

Eloquii founder's startup Ekyam.ai raises $2 million

Ekyam.ai raised $2 million for its retail middleware service.

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Fortune

A DOGE staffer working as a 'senior advisor' in the government provided tech support to a cybercrime group

Edward Coristine, a 19-year-old DOGE member, has been linked to a cybercrime group through his former company, DiamondCDN.

Fortune

The sane person's guide to crypto investing

Buying "blue chips" can help you avoid being hit by scams and wild speculation.

Fortune

AI startup CADDi, which helps manufacturers solve their 'too many parts' problem, gets $38 million in new funding

Atomico, the London-based venture capital firm, is leading the "Series C" extension for CADDi.

Fortune

Sanofi exec says remote work takes away employee 'serendipity'

"I think we were contrarians,” Sanofi's chief digital officer Emmanuel Frenehard told Fortune. “I think the contrarians are becoming the norm.”

Fortune

Olympus Partners Fund VIII raises $3.5 billion, CEO warns of trade war storm

Olympus returned $6 billion to investors over the last three years

Fortune

Top Trump aide in Signal chat was in Russia while the text stream was active—but denies he had personal or government-issued phone with him

Special envoy Steve Witkoff was scheduled to meet with Russian President Vladimir Putin on March 13, at the same time he was in an active Signal group of about a dozen U.S. officials.

Fortune

Walmart CEO Doug McMillon says customers are exhibiting 'stressed behaviors'—and it's already tanked the company's valuation by $22 billion

The retailer’s stock dropped on the news that consumer confidence had hit a 12-year low.

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