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The Latest Breaking News from Fortune

Fed chair contender Christopher Waller says weak jobs data is strengthening the case for more rate cuts: ‘AI is stalling hiring'

Also: All the news and watercooler chat from Fortune.

Fortune

Amazon CEO Andy Jassy announces departure of AI exec Rohit Prasad in leadership shake-up

Prasad’s exit comes after Amazon struggled to show its internal AI efforts could match those of rivals—and just as reports surface that Amazon is discussing a big investment into OpenAI.

Fortune

Experts say Amazon is playing the long game with its potential $10 billion OpenAI deal: ‘ChatGPT is still seen as the Kleenex of AI’

“If OpenAI wins the lottery, then they’d have the money to pay for this,” analyst Charles Fitzgerald said.

Fortune

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Gen Z’s reality check: Birkin resale prices slump as aspirational luxury takes a hit

Once touted as a better investment than gold, the prized Birken bag no longer has the same COVID-era appeal at auction, Bernstein data shows.

Fortune

Red Lobster CEO Damola Adamolekun says the key to being a better leader is being a better person: ‘Leadership is self-improvement’

“The problem is most people are sensitive, and they don’t want to be criticized,” he said.

Fortune

In a frozen luxury housing market, buyers are asking to ‘try before they buy’ and having sleepovers in multimillion-dollar mansions

Sellers are trying new tactics to get the most money for their homes.

Fortune

Klarna CEO says he feels ‘gloomy’ because AI is developing so quickly it’ll soon be able to do his entire job

“My work to me is a super important part of who I am,” Sebastian Siemiatkowski said.

Fortune

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Amazon’s ride-hailing exec wants to move people around in robotaxis: ‘If you’re with friends it’s dramatically more social’

According to Zoox cofounder Jesse Levinson, Amazon’s robotaxi subsidiary could have a “profoundly huge” market of people simply wanting to travel around cities.

Fortune

Enough red flags are emerging in U.S. data to justify ‘insurance’ rate cuts next year, says UBS

“There are probably enough concerns about the health of the labor market to justify an insurance rate cut by the Federal Reserve next year,” UBS’s Paul Donovan said.

Fortune

Why more boards are taking a chance on outsider CEOs

Also: All the news and watercooler chat from Fortune.

Fortune

Federal regulators are investigating Nevada OSHA after Boring Co. citations were suddenly withdrawn

A Fortune investigation revealed in November that the citations were suddenly withdrawn earlier this year.

Fortune

IBM, AWS veteran says 90% of your employees are stuck in first gear with AI, just asking it to ‘write their mean email in a slightly more polite way’

Using AI as a “teammate” unlocks the true potential of AI productivity, according to Open Machine CEO Allie K. Miller.

Fortune

Trump offers six-figure wages to work in his new ‘Tech Force’ — and you don’t need a degree or experience

The “elite” team of specialists will be tasked with modernizing the the vast bureaucracy within the federal government.

The Independent UK

Accenture exec gets real on transformation: 'the data and AI strategy is not a separate strategy, it is the business strategy'

"Think about the people and the culture," Accenture's Chief Responsible AI Officer Arnab Chakraborty told Fortune. "It is so paramount."

Fortune

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news in one place.

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Fortune

As millions of Gen Zers face unemployment, McDonald's CEO dishes out some tough love career advice for navigating the market: ‘You've got to make things happen for yourself’

As millions of Gen Z fall into NEET status, McDonald's CEO Chris Kempczinski has some blunt advice for young people: stop waiting around for help.

Fortune

Unemployment hits 4-year high as frozen jobs data shows recession risks getting 'uncomfortably high,' top economist Mark Zandi says

Payroll growth for November came in at a modest 64,000. “There’s just no forward motion,” Moody’s chief economist told Fortune.

Fortune

Can't get a job? Blame AI? Train in 'power skills,' IBM exec says: 'You can't hire a college student now to just come in and create a spreadsheet'

According to Justina Nixon-Saintil, IBM's chief impact officer, 2025 was the year "the penny dropped" for AI.

Fortune

25 leaders reshaping the Fortune 500 power structure

Their influence and momentum offer a window into the future Fortune 500 corner office.

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news in one place.

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One news app.

Fortune

Valerie Health raises $30 million Series A to scale “AI front offices” for physicians

Valerie Health has raised its $30 million Series A, led by Redpoint Ventures, Fortune has exclusively learned.

Fortune

Today's technological shifts are breeding a new type of CEO. Meet 25 rising execs inside the Fortune 500

Also: All the news and watercooler chat from Fortune.

Fortune

The job market is so bad, people in their 40s are resorting to going back to school instead of looking for work

“Experience is no longer enough,” a job-search expert says.

International Business Times UK

Ford Cancels Electric F-150 Lightning in $19.5 Billion U-turn, Declares EVs 'Have No Path to Profit'

Ford discontinues its award-winning F-150 Lightning electric truck, asserting large battery vehicles will never be profitable amid $13 billion in losses.

Fortune

Former Meta integrity chief says new report reveals ‘disappointing’ ad fraud epidemic at the social-media giant

An internal audit warned of systemic corruption, yet Meta expanded Chinese ad partnerships that generated billions—much of it tied to fraud.

Fortune

PwC U.K. is giving Gen Z grads 'resilience’ training in their first 6 months on the job, to get better at handling criticisms and office politics

PwC U.K.’s chief people officer described resilience as the ability to handle day-to-day work dynamics—especially pressure, criticism, or sticky situations—as it offers training to Gen Z new hires.

Fortune

Rich, western countries face a stark choice: 6-day workweeks or more immigration, top economist warns

One of the world’s foremost economists, Lant Pritchett, has a plan.

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