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UNCOVERED: 21 - The Untold Story

He had the money to buy a private jet, yet this billionaire preferred economy flights, took home free packets of salt and pepper from restaurants

IKEA founder Ingvar Kamprad lived a remarkably simple life despite his vast fortune. He consistently chose flea market clothes and economy travel, setting a personal example. Kamprad reused tea bags and ate at IKEA cafeterias, avoiding expensive dining options. His thrifty habits stemmed from his upbringing in rural southern Sweden.…

The Times of India

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

Two organizations targeted by O’Leary say his comments caused “significant economic losses, severe emotional distress, and ongoing threats to their physical safety.”

Fortune

Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack

Airbnb CEO Brian Chesky appears to have been the target of a cyberattack, sources tell Fortune.

Fortune

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read the most diverse news in one place.

Jeff Bezos' Blue Origin is boosting employee pay to compete with SpaceX—but an advisor warns of 'golden handcuffs'

Jeff Bezos's space company is reportedly sweetening employee stock packages, but workers who leave for a competitor within 18 months could forfeit it all.

Fortune

The global rich like Peter Thiel are eyeing the exit door. Argentina wants to be a ‘serious contender’ in the migration game

An incoming citizenship-by-investment scheme could turn Argentina into the next backup plan for the ultra-wealthy hedging against risks at home

Fortune

Trump has tried to decouple from China, but ending U.S. reliance on the country would cost America nearly $14 trillion, EY warns

“We're not going to achieve these levels of investments,” EY-Parthenon partner Mats Persson told Fortune.

Fortune

Europe optimized its supply chains for cost. Now it must pay for resilience

Richard Saynor, CEO of Fortune 500 Europe company, Sandoz Group, and manufacturer of generic medicines, argues resilience requires investment that markets often fail to reward

Fortune

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Warsh's Fed plan means it's time to read the bond market backward, says Morgan Stanley chief—and it could be great news for borrowers and homeowners

"If you can stabilize the volatility in the longer end by addressing the higher frequency of data in the shorter end ... it could be a really good thing," Morgan Stanley's Jim Caron tells Fortune.

Fortune

Exclusive: Marc Lore says Wonder is gearing up for an IPO after raising $650 million at a $9 billion valuation

Wonder, which owns Grubhub and Blue Apron, is betting robotics, AI, and a nationwide expansion can reshape restaurant delivery before going public.

Fortune

Bunkerhill Health raises $55 million to put AI agents to work inside hospitals

Backed by Sequoia's Alfred Lin and Khosla Ventures, this startup is betting that healthcare's real AI opportunity isn't diagnosis—it's process.

Fortune

As banks post blowout results, CEOs reckon with America’s inequality gap

Also: All the news and watercooler chat from Fortune.

Fortune

Exclusive: Disney’s cruise ship fleet generated $3 billion in the last fiscal year—and the company plans to add 5 more in a $60 billion expansion

The company has historically declined to break out financials for its ships—but the numbers can be found via a mysteriously named shell company that does not use the “Disney” name.

Fortune

Klook cofounder Ethan Lin thinks the U.S. can help grow one of Asia's largest travel platforms

"The U.S. is actually one of our largest markets, especially as Americans are taking a growing interest in APAC destinations."

Fortune

IBM shares plunge 25% after CEO admits company fell behind

The impact on IBM is double,” Constellation Research’s Holger Mueller told Fortune, saying that IBM’s data really “shows the AI pull.

Fortune

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Fortune

LAPD was one of Flock Safety's biggest government customers. Now it’s renegotiating its partnership over ‘serious concerns around civil liberties’

The department recently announced it would not renew its contract due to how Flock collects and shares data.

Fortune

Chipotle Is trying to take over Mexico through its softest border town

Dominos was “an affront to Italian culture, bastardizing pizza beyond belief,” Jeffrey Pilcher told Fortune about Domino’s, but not Chipotle in Mexico. “I don't think that's quite the same thing.”

Fortune

It's now cheaper to buy a new home than a used one, thanks to builder incentives and baby boomers who don't want to sell on the low

There are deals to be had in the housing market right now as home builders offer incentives to move more inventory.

Fortune

The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution

Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan Congressional Budget Office (CBO), if Washington continues to embrace its standard operating procedure, that figure is projected to climb to a stunning 175% of GDP…

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Fortune

Is your AI really working? Why productivity isn't the same as progress

One question I hear repeatedly from Fortune 500 executives is: "If AI is making our teams more productive, why doesn't the business feel any faster?"

Fortune

He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis

Monumental founder Salar al Khafaji is bringing his fleet of autonomous bricklaying robots to the U.S. this year, backed by a new Khosla Ventures-led round.

Fortune

Kleiner Perkins, John Doerr, and UCSF Health think healthcare AI has been built all wrong

UCSF Health is teaming up with Kleiner Perkins and Doerr Capital on a new accelerator that puts founders inside one of America's leading health systems before they build.

Fortune

A year after Fred Smith's death, FedEx's CEO charts his own path

Also: All the news and watercooler chat from Fortune.

Fortune

Billionaire Richard Branson says copying his 5 a.m. morning routine won’t make you successful—and will just cause ‘more burnouts than breakthroughs’

Billionaire Virgin boss Richard Branson wakes up at 5 a.m. and drinks 20 cups of tea. And now he's 'worried' people think it’s the secret to success.

The Economic Times

Meet Apurva Shrivastava: How this MIT graduate turned missed calls into billion-dollar AI business worth over Rs 8,300 crore

Apurva Shrivastava's childhood experiences inspired him to co-found the AI startup Avoca, which answers customer calls for home service businesses. Its AI voice agents can book appointments, manage schedules and follow up on pending quotations. The startup is now valued at $1 billion, with its success rooted in solving a…

Fortune

An SEC email address mix-up is causing confusion and threatening to disrupt its proposal to scrap quarterly reporting requirements

The SEC has received more than 66,000 comment submissions on the controversial rule, and now, claims that there may have been a typo in the email address published in the Federal Register, could cause big headaches.

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