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Activist hedge fund Elliott bets $1 billion on British platinum producerPottery Barn parent Williams-Sonoma fined for marketing furniture as ‘crafted’ in the U.S. when it was made in ChinaTroubled Philadelphia-based bank implodes in first failure of the yearThe top 5 books these mental health experts say will help you combat burnout at work and build healthy habitsBillionaire Miami Dolphins owner wants to make South Florida more like Manhattan—’I still love a challenge’An emergency slide ripped off a Boeing-made jet during a Delta flight from New York to Los AngelesYouTube was the real hero of Google’s Q1 earnings, and it should set off alarm bells at NetflixJamie Dimon says to get a job at JPMorgan, what you study in college ‘almost doesn’t matter’Commercial tax-prep companies lost out on $5.6 million in fees thanks to IRS’ direct file, government saysSouthwest’s earnings are so bad it’s leaving 4 airports—and considering scrapping its open-seating planThe economy is moving us back into the 19th century as fertility rates plungeExxon’s profits are falling, but CEO Darren Woods’ compensation rose last year—here’s how the oil giant rewards its top execOwner of vaping supply business that exploded arrested while preparing to catch a one-way flight to Hong KongMeta’s investors are worried about the billions it’s spending on AI—but its advertising empire makes it a positive, Deutsche Bank saysWith inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec saysBuffett-owned real estate brokerage pays $250 million to settle claims that agent commissions break antitrust lawTesla’s Elon Musk speeds past Mark Zuckerberg on the billionaires list after Meta stock plummets on its cash-sucking AI plansIt’s still a golden age of homebuilding, according to one top real estate CEO. Here’s whySatya Nadella says Microsoft’s AI payoff hinges on other companies doing ‘the hard work’ of changing their culturesMore Americans are working past age 65—and that’s good news for employersRaising children is way more expensive than most parents imagined—and more than half of all parents say they went into debt to pay for their kids, study showsCan Envestnet find a buyer? The publicly traded fintech is looking for one—againDo the youth dream big anymore? Rapper Common just launched a new education campaign to ensure they doFed’s favorite inflation gauge accelerated in March, spelling trouble for rate cuts—and Biden’s re-election bidMicrosoft’s Xbox sinks as AI soarsBitcoin ETFs stall: BlackRock ends 71-day streak, Fidelity sees first outflowsByteDance says it has no plans to sell TikTok in the U.S.The curious case of Temu’s U.S. ‘headquarters’Google just dropped millions of dollars to teach more people how to use AI—and an exec says it could ‘create a reinvigoration of the American middle class’USDA tells poultry producers to reduce salmonella in certain chicken products to help prevent food poisoningAdidas, Ye, and the death of DEI: A cautionary tale for corporate AmericaDemand for office space is skyrocketing, especially in New York City and Los AngelesBesides keeping data safe, this emerging tech could be a key trust builder for businessesIn the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billionSam Altman, Jensen Huang, and more join the federal AI safety boardThe SEC’s Ethereum bank shotScientists inspired the right guardrails for nuclear energy, the internet, and DNA research. Let them do the same for AIHarvey Weinstein’s New York conviction was overturned, forcing survivors to relive abuse—againThe FTC noncompete ban means companies need to totally rethink their people strategy: ‘You’ve got to convince employees to stay’Departing top Tesla exec cashes out almost his entire stake for $181 million as longtime bull Ron Baron calls bottom in the stockThe FTC’s ban on noncompete agreements will send companies scrambling for other ways to control their workforceChina signals TikTok should fight ‘robbers’ sell-or-ban U.S. law meant ‘to snatch from others all the good things that they have’. Here’s what’s nextRubrik goes public, as the stock closed up nearly 16% in the cybersecurity company’s first day of tradingTighter budgets mean fewer raises and promotions. But taking ‘your foot off the gas when it comes to compensation’ may backfireU.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?Jamie Dimon says America needs to ‘take a deep breath’ before facing off with China, because the U.S. is actually in a ‘very good position’ to negotiateHuawei reportedly keeps getting advanced chips, even as the U.S. tries to tighten the screws on China’s semiconductor industryHow aviation is plowing ahead, ready for takeoff in summer 2024—despite Boeing headwindsThe financial services gender pay gap in Europe is so large that fewer than one in 10 of the 2,000 highest-earning bankers are femaleForeign states, including China, are targeting U.K. universities to enhance their own ‘economic and military capabilities’ MI5 warnsFrench President Macron said Europe will ‘not be a geopolitical priority’ for the U.S. and urges the continent to develop its defense strategy to surviveAntony Blinken visits Beijing as U.S. and China spar over trade and Taiwan: ‘There is no substitute… for face-to-face diplomacy’High interest rates aren’t helping banks as they did before—just ask NatWest, whose profits fell 27% in the first quarterBetting that Trump’s Truth Social will flop has been very profitable for a hardy band of mostly amateur Wall Street investorsMinneapolis imposes $15 a pack minimum for cigarettes—$2 more than NYC—to curb smokingAlphabet and Microsoft’s revenue surge sends a clear message to investors: Our AI spending is paying offFortune’s first century was tied to purpose. Its second century will be too
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