Matt Ott

Stay informed with Matt Ott’s coverage and analysis for Fortune.

  • Guy walks by a sign that says "now hiring."Economy

    U.S. unemployment claims surge to nearly 2 million, the most in almost 4 years

    By Matt Ott and The Associated Press
  • Jobless claimsEconomy

    Jobless claims remain in post-COVID trench, falling unexpectedly in early August

    By Matt Ott and The Associated Press
  • Trevor Milton, founder of Nikola Corp., arrives at court in New York, US, on Monday, Sept. 12, 2022. Milton, who enticed auto-industry leaders and investors with his promise for a revolution in electric trucks, faces a securities-fraud trial beginning this week on allegations that he lied about his company’s development of environmentally friendly technology. Photographer: Stephen Yang/Bloomberg via Getty ImagesPolitics

    Trump’s pardon of disgraced Nikola founder Trevor Milton could wipe out hundreds of millions in restitution for his victims

    By The Associated Press and Matt Ott
  • CHICAGO, ILLINOIS – MARCH 12: A customer shops for eggs at a grocery store on March 12, 2025 in Chicago, Illinois. The average price of eggs rose over 10 percent last month. (Photo by Scott Olson/Getty Images)Finance

    American attitudes about the economy are the worst in 12 years, signaling recession could be near

    By The Associated Press and Matt Ott
  • The JP Morgan headquarters sign is seen on the street with pedestrians in the background.Finance

    JPMorgan shares surge as earnings beat Wall Street estimates

    By Matt Ott and The Associated Press
  • Teamsters hold signs at a rally during contract negotiationsFinance

    UPS drivers are rolling in dough as union spikes the ball: ‘Our members just ratified the most lucrative agreement the Teamsters have ever negotiated at UPS’

    By Haleluya Hadero, Matt Ott, and others
  • File – Townhomes under construction are shown in Mars, Pa., on May, 27, 2022. On Thursday, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Gene J. Puskar, File)Finance

    It’s been so long since mortgage rates were this high if they were a person they’d be drinking age

    By Alex Veiga, Matt Ott, and others
  • A hiring sign for tree care service work is posted in Wheeling, Ill., Sunday, March 19, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh)Finance

    Unemployment claims are higher than predicted in a sign that the economy is slowing down even as the labor market remains strong

    By Matt Ott and The Associated Press
  • NEW YORK, NEW YORK – NOVEMBER 17: Traders work on the floor of the New York Stock Exchange during morning trading on November 17, 2022 in New York City. Stocks are expected to fall as the stock market opened with interest rates rising as Federal Reserve officials signal more interest rate hikes to continue to slow down inflation. (Photo by Michael M. Santiago/Getty Images)Finance

    Social media influencers are charged with feeding followers ‘a steady diet of misinformation’ in a pump and dump stock scheme that netted $100 million

    By Matt Ott and The Associated Press
  • Jerome Powell on TVFinance

    U.S. economy kept adding jobs in October, reporting 261,000 gain in face of Fed’s rate hikes

    By Yuri Kageyama, Matt Ott, and others
  • European currencies

    China’s yuan falls to lowest level against dollar since 2008 as foreign currencies continue their sickening lurch

    By Elaine Kurtenbach, Matt Ott, and others
  • stock broker

    Global markets wobble as Fed’s inflation fight inspires rate hikes at central banks worldwide

    By Joe McDonald, Matt Ott, and others
  • Treasury Department buildingPolitics

    The U.S. budget deficit fell to $165 billion in October, down 42% from last year

    By Matt Ott and The Associated Press
  • SHANGHAI, CHINA – APRIL 20: A Tesla Model Y car is on displayed during the 19th Shanghai International Automobile Industry Exhibition, also known as Auto Shanghai 2021, at National Exhibition and Convention Center (Shanghai) on April 20, 2021 in Shanghai, China.Tech

    Tesla can be tricked to drive with no one at the wheel, Consumer Reports says

    By Matt Ott and Bloomberg
  • Basketball trading cards are displayed at the NBA exhibition in Beijing on August 19, 2019. – The Basketball world cup will be held from August 31 to September 15 2019 in China. (Photo by NICOLAS ASFOURI / AFP) (Photo credit should read NICOLAS ASFOURI/AFP via Getty Images)Tech

    Digital sports cards are receiving a popularity boost in the pandemic era

    By Matt Ott and The Associated Press