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Trump ramps up retribution campaign with push for AG to hasten pursuit of ‘justice’ against his foes

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Eight months into his second term, President Donald Trump’s long-standing pledge to take on those he perceives as his political enemies has prompted debates over free speech, media censorship and political prosecutions.

From late-night comedian Jimmy Kimmel’s suspension to Pentagon restrictions on reporters and an apparent public appeal to Attorney General Pam Bondi to pursue legal cases against his adversaries, Trump has escalated moves to consolidate power in his second administration and root out those who have spoken out against him.

In a post on social media this weekend addressed to Bondi, Trump said “nothing is being done” on investigations into some of his foes.

“We can’t delay any longer, it’s killing our reputation and credibility,” he said. Noting that he was impeached and criminally charged, “JUSTICE MUST BE SERVED, NOW!!!”

Criticizing investigations into Trump’s dealings under Democratic President Joe Biden’s Justice Department, Sen. Rand Paul, R-Ky., said Sunday that “it is not right for the Trump administration to do the same thing.”

Directive to Bondi to investigate political opponents

Trump has ratcheted up his discussion of pursuing legal cases against some of his political opponents, part of a vow for retribution that has been a theme of his return to the White House. He publicly pressed Bondi this weekend to move forward with such investigations.

Trump posted somewhat of an open letter on social media Saturday to his top prosecutor to advance such inquiries, including a mortgage fraud probe into New York Attorney General Letitia James and a possible threat case against former FBI Director James Comey.

He posted that he had “reviewed over 30 statements and posts” that he characterized as criticizing his administration for a lack of action on investigations.

“We have to act fast — one way or the other,” Trump told reporters later that night at the White House. “They’re guilty, they’re not guilty — we have to act fast. If they’re not guilty, that’s fine. If they are guilty or if they should be charged, they should be charged. And we have to do it now.”

Trump later wrote in a follow-up post that Bondi was “doing a GREAT job.”

Paul, a frequent Trump foil from the right, was asked during an interview on NBC’s “Meet the Press” about the propriety of a president directing his attorney general to investigate political opponents. The senator decried “lawfare in all forms.”

Sen. Chris Murphy, D-Conn., said it was “unconstitutional and deeply immoral for the president to jail or to silence his political enemies.” He warned it could set a worrisome precedent for both parties.

“It will come back and boomerang on conservatives and Republicans at some point if this becomes the norm,” Murphy told ABC’s “This Week.”

The Senate’s Democratic leader, Chuck Schumer of New York, said on CNN’s “State of the Union” that Trump is turning the Justice Department “into an instrument that goes after his enemies, whether they’re guilty or not, and most of them are not guilty at all, and that helps his friends. This is the path to a dictatorship. That’s what dictatorships do.”

The Justice Department did not respond Sunday to a message seeking comment.

Appointment of new prosecutor in Letitia James investigation

Each new president nominates his own U.S. attorneys in jurisdictions across the country. And Trump has already worked to install people close to him in some of those jobs, including former Fox News host Jeanine Pirro in the District of Columbia and Alina Habba, his former attorney, in New Jersey.

Trump has largely stocked his second administration with loyalists, continuing Saturday with the nomination of a White House aide as top federal prosecutor for the office investigating James, a longtime foe of Trump.

Trump announced Lindsey Halligan to be the U.S. attorney in the Eastern District of Virginia on Saturday, just a day after Erik Siebert resigned from the post and Trump said he wanted him “out.”

Trump said he was bothered that Siebert had been supported by the state’s two Democratic senators.

“There are just two standards of justice now in this country. If you are a friend of the president, a loyalist of the president, you can get away with nearly anything, including beating the hell out of police officers,” Murphy said, mentioning the defendants in the Jan. 6, 2021, riot at the U.S. Capitol pardoned by Trump as he returned to office. “But if you are an opponent of the president, you may find yourself in jail.”

New restrictions on Pentagon reporters

Trump has styled himself as an opponent of censorship, pledging in his January inaugural address to “bring free speech back to America” and signing an executive order that no federal officer, employee or agent may unconstitutionally abridge the free speech of any American citizen.

Under a 17-page memo distributed Friday, the Pentagon stepped up restrictions on the media, saying it will require credentialed journalists to sign a pledge to refrain from reporting information that has not been authorized for release, including unclassified information. Journalists who don’t abide by the policy risk losing credentials that provide access to the Pentagon.

Asked Sunday if the Pentagon should play a role in determining what journalists can report, Trump said, “No, I don’t think so.”

“Nothing stops reporters. You know that,” Trump told reporters as he left the White House for Charlie Kirk’s memorial service.

Trump has sued numerous media organizations for negative coverage, with several settling with the president for millions of dollars. A federal judge in Florida tossed out Trump’s $15 billion defamation lawsuit against The New York Times on Friday.

Jimmy Kimmel ouster and FCC warning

Perhaps the most headline-grabbing situation involves ABC’s indefinite suspension Wednesday of veteran comic Jimmy Kimmel’s late-night show. What he said about Kirk’s killing had led a group of ABC-affiliated stations to say it would not air the show and provoked some ominous comments from a top federal regulator.

Trump celebrated on his social media site: “Congratulations to ABC for finally having the courage to do what had to be done.”

Earlier in the day, the Federal Communications Commission chairman, Brendan Carr, who has launched investigations of outlets that have angered Trump, said Kimmel’s comments were “truly sick” and that his agency has a strong case for holding Kimmel, ABC and network parent Walt Disney Co.accountable for spreading misinformation.

“We can do this the easy way or the hard way,” Carr said. “These companies can find ways to take action on Kimmel or there is going to be additional work for the FCC ahead.”

Sen. Markwayne Mullin, R-Okla., argued that Kimmel’s ouster wasn’t a chilling of free speech but a corporate decision.

“I really don’t believe ABC would have decided to fire Jimmy Kimmel over a threat,” he said Sunday on CNN. “ABC has been a longstanding critic of President Trump. They did it because they felt like it didn’t meet their brand anymore.”

Not all Republicans have applauded the move. On his podcast Friday, GOP Sen. Ted Cruz of Texas called it “unbelievably dangerous for government to put itself in the position of saying we’re going to decide what speech we like and what we don’t, and we’re going to threaten to take you off air if we don’t like what you’re saying.”

Trump called Carr “a great American patriot” and said Friday that he disagreed with Cruz.



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Hinge’s founder and CEO is stepping down to start a new AI-first dating app

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After more than a decade as CEO of Hinge, Justin McLeod is stepping down to launch another dating app—with an AI twist.

McLeod started Hinge in 2011 and spent more than a decade at the helm, including after Match Group acquired the company in 2019. The company’s president and chief marketing officer, Jackie Jantos, will take over as CEO. 

McLeod’s new dating app, Overtone, plans to use “AI and voice tools to help people connect in a more thoughtful and personal way,” according to a press release. Yet, few further details are known about the venture. 

“We’re not going to talk a lot about [Overtone] quite yet,” McLeod told Fast Company, “except to say that there’s an opportunity to completely reimagine the dating experience and how technology can help facilitate people finding their partner—that breaks the mold of the way current dating apps are designed.”

Overtone started as a project within Hinge, but is now spinning off to operate independently. Still, it will continue to have ties to Match Group, which will lead the company’s first funding round in 2026 and plans to hold a “substantial ownership position.” Match CEO Spencer Rascoff will also sit on the board of directors, while McLeod serves as chairman of the board.

Match Group did not immediately respond to Fortune’s request for comment. 

The new venture comes as dating apps have struggled to maintain users. A 2024 study from Forbes found more than three quarters of dating-app users experienced some sort of “swipe fatigue,” and many said the burnout they experienced was linked to not being able to make genuine connections. 

Some data from the biggest market player, Tinder, dovetails with these sentiments. The app is down more than 1.5 million paying users from its peak in 2022, according to Fast Company. Match Group, which apart from Hinge also owns Tinder, Match.com, and OkCupid, reported a 2% year-over-year revenue increase in its latest quarter, yet Tinder’s paying customers dropped by 7%, according to the Wall Street Journal. To be sure, a bright spot in the company’s third quarter was Hinge, whose paying users increased 17%.

Amid potentially stagnating interest in dating apps, Match Group companies, as well as competitors Bumble and even Facebook Dating, have increasingly turned to AI to try to rekindle users’ interest. Earlier this year, Hinge launched a feature called “prompt feedback” that uses AI to help improve users improve the responses they give to public-facing prompts such as “my happy place.” 

Bumble and Tinder have also both added tools that use AI to analyze users’ photos and present the most appealing. Yet, it’s unclear if users are actually looking for more AI in their dating lives. In a study of 1,000 dating app users by Bloomberg Intelligence, nearly 50% of respondents said they didn’t have problems making a dating profile on their own, without AI.

While McLeod’s new project, Overtone, started within Match Group, he said it made more sense for the new dating app to be an independent company so it could move at the fastest possible pace. During his tenure, Hinge grew from less than $1 million in revenue in 2017 to roughly $400 million by 2023. He told Fast Company he was eager for a fresh challenge and to take the reins once more.

“I’m a founder and CEO at heart,” he said. “There’s a piece of me that wants to be out there on my own, ultimately steering the ship again.”



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Jobs outlook 2026: ADP’s Nela Richardson doesn’t see Wall Street’s ‘rosy’ picture

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For all the volatility 2025 has endured, things have actually turned out relatively well: The S&P 500 is up by more than 17%, inflation hasn’t spiked despite an onslaught of tariffs, and the unemployment rate has stayed fairly steady.

Analysts and investors are generally feeling positive about 2026 as a result—after all, the U.S. economy’s performance has been above expectations since the pandemic, so why not take a bullish stance in the face of huge fiscal stimulus?

Well, beneath the relatively robust macroeconomic picture, cracks are beginning to show. Those tremors are already being felt; just look at the Fed’s decision to cut the base rate yesterday despite arguments that, under normal circumstances, there would be no particular reason to. Markets expected the cut based on the labor outlook, which is showing some signs of weakness in what Fed chairman Jerome Powell has called a “low-hire, low-fire” economy.

That weakness looks likely to become something of a fixture in 2026, according to ADP’s chief economist, Dr Nela Richardson. ADP’s take on the economy has grown in prominence this year, partly due to the government shutdown which meant public payroll data wasn’t published. In the void came data from ADP, which shares private payroll data insights.

Unlike her economist peers on Wall Street, Richardson tells Fortune: “We’re tracking changes in real time, it’s as high frequency as payroll data [can] get and we have not seen this rosy picture for 2026 in the data. I think [when people] point to an improved labor market next year, they’re highlighting a couple of things in the macro economy, while we’re looking at this very granular data set of private employment.

“They’re highlighting maybe a couple of rate cuts, they’re highlighting some tax advantages on the fiscal side, and they’re probably highlighting some AI and investment paying off—and certainly they’re probably adding some clarity in terms of trade policy and resolving some of the macro [questions]. All fantastic attributes, but it takes longer for those to trickle to mom and pop.”

Richardson points to the latest jobs reporting from her company: U.S. private employment dropped by 32,000 roles in November, lead by weakness from smaller businesses. Companies with between one and 19 employees axed 46,000 roles, while those with 20 to 49 employees cut 74,000. Conversely, companies with 500-plus employees added 39,000 employees.

“Tiny firms are a big chunk of employment, but the tiny firms are making tiny moves, and they’re moving all in the same direction,” Richardson added. “It could be as small as not hiring two teenagers at the bakery or foregoing that delivery driver over a certain season, it doesn’t mean it’s a big, huge layoff, it’s not replacing a worker here or there, and those changes add up. 

“If you’re making those micro moves, micro decisions for mom and pop [businesses], these macro drivers are less likely to influence your patterns.”

A rapidly evolving picture

Once upon a time, a sound work ethic and perseverance were enough to get you a foot on the career ladder. In 2025, that’s no longer the case—just ask the business leaders at the top of some of America’s largest corporations.

And while it’s true Gen Z are facing an entirely different job market to their parents, the rules of engagement are evolving so rapidly that market entrants one year to the next are facing a different set of hoops to jump through—making the picture for 2026 all the more complex.

These shifts have not happened in a vacuum, says Richardson, but are more a culmination of trends over the past five years. The so-called “Great Resignation” and the advancement of hybrid work are chief among them. Hybrid work, for example, means the pool of competition has expanded rapidly with hiring managers no longer constrained to a certain geography.

Likewise, “the Great Resignation meant people were able to demand their own terms,” Richardson added. “That meant hybrid work, that meant higher salaries and bonuses, all kinds of promotions happened during that time. Why leave?”

These factors mean the goalposts are constantly changing for market entrants: “It’s not even generation to generation,” Richardson says. “It’s your older brother and sister who graduated three or four years ago, it’s not even their job market anymore.”



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Business leaders make their 2026 predictions for the Magnificent 7

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Good morning. What do business leaders predict next year for the Magnificent 7? They know all too well how Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla have delivered more than half of the S&P 500’s gains in recent years, setting a high bar for everyone else to clear. But things change: One minute, Alphabet is behind the curve on AI and then Google’s latest Gemini launch sparked a ‘Code Red’ from ChatGPT’s Sam Altman.

Earlier this week, while speaking with former Cisco CEO John Chambers about his tech predictions for the year ahead, our discussion turned to his outlook for the Magnificent 7. Having built Cisco from a router manufacturer to the world’s most valuable company in March 2000—and since nurtured a new generation of unicorns through JC2 Ventures—Chambers is a student of market shifts.

He believes 2026 will be a year of divergence within the Magnificent 7. “Two or three do real well, two or three do not do well at all and you have one or two in the middle,” he told me. “If I were betting on momentum today, I would bet Google (Alphabet), Microsoft and Nvidia. By the way, Google would not have made that list a year ago.”

I subsequently asked two dozen leaders at the Fortune Brainstorm AI conference and the Fortune CEO Initiative dinner in San Francisco for their views on the Mag 7. Alphabet was also the winner. The primary source of enthusiasm is Gemini 3, its latest AI model. Though as one CEO cautioned: “I’m more confident about the health of the business than the health of the stock.”

Microsoft and Nvidia were more of a toss-up for second among the leaders I polled. A Fortune 100 leader pointed out that Microsoft has “deep relationships in the enterprise and something tangible to offer in AI,” while an enterprise-tech leader pointed to its struggles with Copilot. As for Nvidia: “I’d rather be in Jensen’s seat than anywhere else,” said one AI founder.

The company that prompted most debate: Amazon. Some ranked it top as a growth bet for next year, saying it’s gaining on AI rivals; others said last, arguing it’s “not attracting top talent.”  Several were lukewarm for reasons ranging from recession fears to the Netflix-Warner Bros. deal. Meta also got a mixed prognosis, with one entrepreneur telling me “you can’t win with low morale.”

Apple and Tesla attracted the most pessimism. Several leaders pointed to the departure of key leaders at Apple, along with its mature product line and lack of visible leadership in AI. And the word cloud around Tesla included “China,” “distracted,” “policy risk,” “consumers,” and “Elon Musk.” Said one dinner attendee: “Go test drive a BYD.”

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top news

The Fed’s jobs data fears

As expected, the Federal Reserve cut interest rates by 25 basis points on Wednesday, despite the biggest revolt among policy makers since 2019. In explaining the cut, Chair Jerome Powell suggested that federal jobs data could be inaccurate. Rather than adding 40,000 jobs a month since April, the U.S. could be losing 20,000 jobs a month. The Bureau of Labor Statistics’ so-called birth-death statistical model has a tendency to juice job numbers; the agency is revamping it in February, which may produce more accurate figures. 

What Powell should focus on

Meanwhile, Fed Chair Jerome Powell “risks the Fed’s inflation-fighting credibility” if he continues to primarily blame weak demand for the slowdown in hiring rather than AI,” according to a new analysis shared with Fortune by KPMG Chief Economist Diane Swonk. Cutting rates won’t help declining labor rates if AI and immigration are the true culprits, Swonk argues. 

Oracle’s reality check

The Fed decision had boosted markets Wednesday, but Oracle’s disappointing earnings served as a reality check, reigniting concerns about AI overspending. The cloud giant said its capital spending will hit $50 billion next year, up $15 billion from previous estimates, but it missed analysts’ targets for cloud sales and infrastructure business revenue. 

DeepMind x U.K. 

Google DeepMind, an AI lab, is partnering with the U.K. government to achieve breakthroughs in materials science and clean energy, including nuclear fusion, and to study the societal impacts of AI and ways to make AI decision-making more interpretable and safer. DeepMind will open its first automated research center in the U.K. in 2026 as part of the collaboration. 

Circle CEO praises Trump for embracing crypto

In this week’sepisode of Leadership Next, Circle CEO Jeremy Allaire credits the Trump administration with creating an “innovation-forward, technology-forward, entrepreneur-forward environment.” Allaire, once a kid who traded baseball cards, went from being a lone wolf in Washington to having one of the most influential IPOs of the year.

Disney nominates former Apple COO to board

Disney nominated Jeff Williams, the former Apple COO who retired last month after 27 years with the company, to its board of directors. In a press release, Disney praised Williams’ “leadership and unique experience at the intersection of technology, global operations, and product design.” Williams will stand for election at Disney’s 2026 annual shareholders meeting.

The markets

S&P 500 futures were down 0.57% this morning. The last session closed up 0.67%. STOXX Europe 600 was up 0.11% in early trading. The U.K.’s FTSE 100 was up 0.06% in early trading. Japan’s Nikkei 225 was down 0.9%. China’s CSI 300 was down 0.86%. The South Korea KOSPI was down 0.59%. India’s NIFTY 50 is up 0.55%. Bitcoin is down at $90K.

Around the watercooler

Rivian CEO says buying an EV isn’t a political choice, pointing out that R1 buyers are split evenly between Republicans and Democrats by Jason Ma

Walmart’s retiring CEO Doug McMillon spent 40 years climbing the ranks—he reveals the one thing he’s most looking forward to is a ‘blank calendar’ by Emma Burleigh

MacKenzie Scott’s $7 billion year: Philanthropist credits dentist and college roommate as inspirations for monumental giving by Sydney Lake

Netflix–Paramount bidding wars are pushing Warner Bros CEO David Zaslav toward billionaire status—he has one rule for success: ‘Never be outworked’ by Preston Fore

CEO Daily is compiled and edited by Joey Abrams, Claire Zillman and Lee Clifford.



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