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The Latest Breaking News from Fortune

There’s trouble below at Elon Musk’s Boring Co.

Shelved projects, slow progress, and politics seem to have dulled Elon Musk's tunneling dreams at the Boring Company.

Fortune

OpenAI investors are pushing for Sam Altman’s return, and it could mean changes to the board that fired him

Microsoft and other investors want Altman back as OpenAI CEO after his surprise ouster by the board on Friday.

Fortune

Neiman Marcus’s CEO starts his day with a cup of tea and writes thank you notes every night. Here’s his daily routine

Geoffroy van Raemdonck kicks off his day leading the $5 billion-a-year luxury retailer at 6:15 a.m. sharp.

Fortune

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From homeless to making his first million: How the 25-year-old CEO of an NFT collection launched a toy line at Walmart

Luca Netz, CEO of Pudgy Penguins, made his first million selling fake gold chains.

Fortune

How OpenAI interim chief Mira Murati helped launch AI into the mainstream

Born in Albania, former chief technology officer is charged with calming the waters after ouster of Sam Altman

The Guardian - US

Mira Murati is suddenly in charge at OpenAI as interim CEO. Her cover interview with Fortune hints at how she'll lead it

She worries about a “a race to the bottom” on AI safety and the difficulty of predicting “emerging capabilities” early enough.

Fortune

Housing math just isn’t mathing, a Fed president says, ripping into NIMBYism and homes that are ‘increasingly unattainable for too many workers'

Tom Barkin, president of the Federal Reserve Bank of Richmond, sees math that doesn't add up for too many—and he thinks "NIMBYism is real."

Fortune

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Drybar cofounder built a $255 million hair business while her personal life ‘imploded.’ She has a warning for success-hungry entrepreneurs

“Drybar was all the rage, and it was intoxicating,” says founder Alli Webb, who released her memoir this week.

Fortune

Apple and Tesla stumbles have thrown the ‘Magnificent 7’ into doubt—but according to Wall Street analysts they’ll be the backbone of the market for years

JPMorgan, Goldman Sachs, Oppenheimer and Ned Davis Research on the future of Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla shares.

Fortune

Morticians on TikTok are inspiring young women to join the morbid profession

First, the #mortician hashtag racked up billions of views on TikTok. Now, mortuary programs have experienced a major surge in applicants - and the two trends are intrinsically linked.

Fortune

Retailers are reversing generous returns policies which cost a staggering $817 billion last year–but consumers still expect easy returns as they plan their holiday shopping

Some 38% of shoppers are relying on returns as part of their shopping strategy by purchasing more gifts than they need with the plan to return later.

Fortune

Parents and therapists worried about teen social media addiction say Meta's lifelike, celebrity AI bots are exactly what you would design to keep kids hooked

Using the likenesses of Kendall Jenner, Tom Brady and 20-plus other mega-stars, Meta has created an army of AI bots available for friendship on WhatsApp, Instagram and Messenger.

Fortune

Unrealistic plans to crack down on U.S. power plant emissions won’t work. We’ve been down this road before–and so have others

The EPA’s proposed rule would force power plant owners to decide virtually overnight whether to install expensive carbon capture tech or shut their plants.

Fortune

Coty CEO Sue Nabi is Fortune 1000's only trans CEO

Sue Nabi is the CEO of CoverGirl owner Coty Inc.

Fortune

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Fortune

Scottish lawmaker under pressure to resign after admitting his children racked up $13,700 roaming charges on his work iPad—and left taxpayers with the bill

Health Secretary Michael Matheson said he was trying to protect his family from the scrutiny over the exorbitant roaming charges on his parliamentary iPad.

Fortune

Analysts split on whether 2023 will bring booming Black Friday sales

Eye-catching discounts are everywhere in the lead up to Black Friday—and they're especially enticing to shoppers amid a cost-of-living crisis.

Fortune

Watch: Fortune Brainstorm AI Livestream

Join C-suite execs, academics, and policymakers Dec. 11–12 as we assess the industry and examine new business cases for AI.

Fortune

Employees who violate Amazon's return-to-office mandate will be blocked from promotions: ‘Your manager will be made aware’

"We expect employees who are being considered for promotion to be in compliance," said an Amazon spokesperson.

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Fortune

QuicksilverOne from Capital One: The best travel credit card for those with fair credit

The Capital One QuicksilverOne Card is a high-earning credit card for those with fair credit—which is a rarity.

Fortune

Don’t listen to the gloomy headlines: A new generation of Bay Area innovators is about to soar

Doris and Don Fisher founded The Gap in San Francisco with just $63,000 in 1969. Their son, Bob Fisher, thinks the city's future is bright.

Fortune

Crypto app Strike announces partnership with Checkout.com to enable Bitcoin purchases in more than 65 countries

The Jack Mallers-founded firm is expanding its on- and off-ramp services amid a global push.

Fortune

Gen Z is set to surpass boomers in the workforce next year, and it will create a big cultural shift

But millennials will still dominate the workforce for the next two decades.

Fortune

The empathetic executive: Top headhunters are turning away from cutthroat leaders and looking for CEOs with better soft skills

“The hard truth is, there is nothing soft about soft skills.”

Fortune

A battery founder sold her business to Chinese investors

Christina Lampe-Onnerud is the founder of battery businesses Boston-Power and Cadenza Innovation.

Fortune

The co-founders of now-shuttered IRL are suing its investors in the latest development of the startup’s saga

Just two years ago, the Gen Z-messaging app IRL was flying high with a $1.2 billion valuation.

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