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Economy

mollick
‘Nobody knows anything’ and ‘this time is different’: the phrases that define — and haunt — the AI economy

Wharton’s Ethan Mollick said he talks to AI labs and CEOs all the time, and “anyone who’s like, ‘We have the playbook’—they’re lying to you.”

By Nick LichtenbergMay 25, 2026
Richard McCathron is President & CEO, Hippo.
I’m leading a $100 million corporate turnaround. Here’s why I learned to distrust the growth mindset
By Richard McCathronMay 25, 2026
b
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
40 is the new 50: Millennial jobseekers are giving their resumes a facelift by hiding years of experience to land jobs
40 is the new 50: Millennial jobseekers are giving their resumes a facelift by hiding years of experience to land jobs
By Jacqueline MunisMay 24, 2026
Oil drops as U.S. says deal with Iran and Hormuz reopening is near
Oil drops as U.S. says deal with Iran and Hormuz reopening is near
By Nicholas Lua and BloombergMay 24, 2026
Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as alternate GDP gauge shows huge contraction
Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as alternate GDP gauge shows huge contraction
By Jason MaMay 24, 2026
Latest Stories
Antonio Gracias, founder, chief executive officer and chief investment officer of Valor Equity Partners
InvestingElon Musk’s best friend could make more than $100 billion from SpaceX’s IPO. His firm is also owed billions by SpaceX
By Eva RoytburgMay 25, 2026
Huawei touts chip breakthrough to shorten gap with TSMC
AsiaHuawei touts chip breakthrough to shorten gap with TSMC
By BloombergMay 25, 2026
Simon Sinek says the most successful people in the world ‘hit zero’ or came close to it: Failure is ‘the gift’
SuccessSimon Sinek says the most successful people in the world ‘hit zero’ or came close to it: Failure is ‘the gift’
By Sydney LakeMay 25, 2026
Forget quiet quitting—4 in 10 millennials are taking ‘quiet vacations’ and checking out of work (and the country) on company dime instead
SuccessForget quiet quitting—4 in 10 millennials are taking ‘quiet vacations’ and checking out of work (and the country) on company dime instead
By Orianna Rosa RoyleMay 25, 2026
Kevin O'Leary gestures while testifying before Congress
SuccessShark Tank star Kevin O’Leary blasts the 4-day week as the ‘stupidest idea’ because the digital economy means we’re always working
By Preston ForeMay 25, 2026
Aerial view of a huge mansion and tennis court near waterways
Real EstateA billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries’ train system for the U.S.’s ‘D’ rated infrastructure
Travel & LeisureThe U.S. campaigned to host the World Cup. Now soccer fans will trade their countries’ train system for the U.S.’s ‘D’ rated infrastructure
By Catherina GioinoMay 25, 2026
Becky Schmitt, the chief people officer of PepsiCo
Future of WorkPepsiCo CPO says their ‘secret sauce’ to hiring top talent is that they all have hustle—And are agile and curious in the AI era
By Emma BurleighMay 25, 2026
More EconomyPage 59 of 100
Man with laptop working on yacht deck.
SuccessThe average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, new research reveals
By Orianna Rosa RoyleDecember 23, 2025
  • Southeast Asian economies prove resilient in the face of Trump’s tariffs as supply chains expand
    EconomySoutheast Asian economies prove resilient in the face of Trump’s tariffs as supply chains expand
    By Angelica AngDecember 19, 2025
students
CommentaryWhy restricting graduate loans will bankrupt America’s talent supply chain
By Katica RoyDecember 23, 2025
Powerball
LawChristmas season brings $1.7 billion Powerball for a lucky winner. It hasn’t hit yet
By Olivia Diaz and The Associated PressDecember 23, 2025
beer
CommentarySupporting moderation: beer’s structural advantage in the no-alcohol space
By Justin KissingerDecember 23, 2025
Rows of servers at Facebook's Fort Worth Data Center in Texas.
EconomyA huge chunk of U.S. GDP growth is being kept alive by AI spending ‘with no guaranteed return,’ Deutsche Bank says
By Jim EdwardsDecember 23, 2025
Trinity Gas Storage recently completed the first, new major storage hub in years, and an East Texas expansion is already underway.
EnergyLittle-known underground salt caverns could slow the AI boom and its thirst for power
By Jordan BlumDecember 23, 2025
  • Trump
    PoliticsTrump was wrong about tariffs funding the ‘Warrior Dividend’ of $1,776—troops were already set to get the money
    By Josh Boak, Michelle L. Price and The Associated PressDecember 18, 2025
Trump says he will lead the design of his new class of warships along with the Navy ‘because I’m a very aesthetic person’
PoliticsTrump says he will lead the design of his new class of warships along with the Navy ‘because I’m a very aesthetic person’
By Konstantin Toropin, Aamer Madhani and The Associated PressDecember 22, 2025
Trump unveils warship named after himself in shipbuilding push
PoliticsTrump unveils warship named after himself in shipbuilding push
By Jen Judson and BloombergDecember 22, 2025
Bank of America’s Moynihan says AI’s economic benefit is ‘kicking in more’
BankingBank of America’s Moynihan says AI’s economic benefit is ‘kicking in more’
By Katherine Chiglinsky, Steve Dickson and BloombergDecember 22, 2025
dept
RetailTikTok puts department stores in your phone. Macy’s and Nordstrom say not so fast
By Anne D'Innocenzio and The Associated PressDecember 22, 2025
Jim Beam halts production at key US distillery amid bourbon glut
EconomyJim Beam halts production at key US distillery amid bourbon glut
By Jennifer Creery and BloombergDecember 22, 2025
  • President Donald Trump addresses the nation from the Diplomatic Room of the White House on December 17, 2025 in Washington, DC.
    Economy‘This is a wacky number’: economists cry foul as new government data assumes zero housing inflation in surprising November drop
    By Eva RoytburgDecember 18, 2025
This new luxury airline seeks to go well above first class without the enormous cost of a private jet, and will only fly to a handful of cities
Travel & LeisureThis new luxury airline seeks to go well above first class without the enormous cost of a private jet, and will only fly to a handful of cities
By Jason MaDecember 22, 2025
Photo of Colin Angle
Innovation‘It’s a cage match’: Beleaguered iRobot founder says the biggest reason why the Roomba-maker failed was because of growing Chinese competition
By Sasha RogelbergDecember 22, 2025
A close-up of Mitt Romney
EconomyMitt Romney says the U.S. is on a cliff—and taxing the rich is now necessary ‘given the magnitude of our national debt’
By Dave SmithDecember 22, 2025
Chaos, cheap money, and a collapse in crypto send gold up 69% for the year, hitting a new record high
InvestingChaos, cheap money, and a collapse in crypto send gold up 69% for the year, hitting a new record high
By Jim EdwardsDecember 22, 2025
Meet the American small town that’s becoming the ‘poster child for hard times’ as the largest employer shuts down
EconomyMeet the American small town that’s becoming the ‘poster child for hard times’ as the largest employer shuts down
By Jesse Bedayn and The Associated PressDecember 22, 2025
Wall Street anticipates a new all-time high as Washington aims ‘cash bazooka’ at banks and consumers
InvestingWall Street anticipates a new all-time high as Washington aims ‘cash bazooka’ at banks and consumers
By Jim EdwardsDecember 22, 2025
Photo of Kevin Hassett
EconomyEven if the Supreme Court rules Trump’s global tariffs are illegal, refunds are unlikely because that would be ‘very complicated,’ Hassett says
By Jason MaDecember 21, 2025
Fortune Archives: The Grape Depression
NewslettersFortune Archives: The Grape Depression
By Indrani SenDecember 21, 2025
J&J
LawJohnson & Johnson hit with another giant asbestos-talcum powder verdict: $65.5 million in Minnesota
By The Associated PressDecember 21, 2025
Photo of a car mechanic's hands fixing an engine
Future of WorkMeet a 55-year-old automotive technician in Arkansas who didn’t care if his kids went to college: ‘There are options’
By Muskaan ArshadDecember 21, 2025
Trump and his new handpicked Fed chair—whoever it will be—are going to clash ‘almost immediately,’ economists predict
EconomyTrump and his new handpicked Fed chair—whoever it will be—are going to clash ‘almost immediately,’ economists predict
By Jason MaDecember 20, 2025
‘Everything is too expensive’: Meet a 67-year-old retiree in swing-district Pennsylvania who grades Trump an ‘F’ on the economy
Economy‘Everything is too expensive’: Meet a 67-year-old retiree in swing-district Pennsylvania who grades Trump an ‘F’ on the economy
By Steven Sloan and The Associated PressDecember 20, 2025
How the ‘Reddit Detective Agency’ and surveillance technology helped find the suspect in the deadly Brown University shooting
LawHow the ‘Reddit Detective Agency’ and surveillance technology helped find the suspect in the deadly Brown University shooting
By Matt O'Brien and The Associated PressDecember 20, 2025
Trump cut income taxes on tips and overtime, but many states—even some led by Republicans—haven’t done the same yet
EconomyTrump cut income taxes on tips and overtime, but many states—even some led by Republicans—haven’t done the same yet
By David A. Lieb and The Associated PressDecember 20, 2025
James Talarico stands behind a microphone and stares out into the crowd
EconomyJames Talarico says the biggest ‘welfare queens’ in America are ‘the giant corporations that don’t pay a penny in income taxes’
By Dave SmithDecember 20, 2025
Gen Z is open minded about blue-collar work and the Fords of the economy need them — but both sides are missing each other
Future of WorkGen Z is open minded about blue-collar work and the Fords of the economy need them — but both sides are missing each other
By Muskaan ArshadDecember 20, 2025
jewelry
Economy‘This year is just not a jewelry Christmas’: Meet a 64-year-old small businesswoman who’s seen her Main Street decline for the last decade
By Makiya Seminera and The Associated PressDecember 19, 2025
Bull
InvestingThe bulls are too bullish: Bank of America warns 200-plus fund managers just triggered a contrarian ‘sell’ signal
By Jim EdwardsDecember 19, 2025
Mark Zandi, chief economist at Moodys Analytics, during a Senate Budget Committee hearing in Washington, DC, US, on Thursday, May 4, 2023.
EconomySneaking unemployment rate means the U.S. economy is inching closer to a key recession indicator, says Moody’s
By Eleanor PringleDecember 19, 2025
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Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a yearplaceholder alt text
By Preston ForeMay 21, 2026
Lifestyle
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to driveplaceholder alt text
By Sasha RogelbergMay 24, 2026
Real Estate
Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trailplaceholder alt text
By Sydney LakeMay 24, 2026
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