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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 63 of 100
Macron warns EU may hit China with tariffs over trade surplus
EconomyMacron warns EU may hit China with tariffs over trade surplus
By James Regan and BloombergDecember 7, 2025
  • President Donald Trump attends a cabinet meeting at the White House on Dec. 2, 2025, in Washington, D.C.
    EconomyTrump says national debt is ‘peanuts’ and his tariff income will pay everyone a $2,000 dividend too—but the math doesn’t add up
    By Eleanor PringleDecember 3, 2025
U.S. trade chief says China has complied with terms of trade deals
EconomyU.S. trade chief says China has complied with terms of trade deals
By Hadriana Lowenkron and BloombergDecember 7, 2025
Jerome Powell faces a credibility issue as he tries to satisfy hawks and doves at the most divided Fed in recent memory
EconomyJerome Powell faces a credibility issue as he tries to satisfy hawks and doves at the most divided Fed in recent memory
By Jason MaDecember 7, 2025
JPMorgan CEO Jamie Dimon says Europe has a ‘real problem’
EconomyJPMorgan CEO Jamie Dimon says Europe has a ‘real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
EconomyThe most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
Trump
PoliticsTrump finally meets Claudia Sheinbaum face to face at the FIFA World Cup draw
By Will Weissert and The Associated PressDecember 6, 2025
  • Federal Reserve Bank Chair Jerome Powell
    EconomyTrump’s pick for chairman isn’t enough to threaten Fed independence, says Bank of America—especially if Jerome Powell decides to stick around
    By Eleanor PringleDecember 3, 2025
U.S. consumers are so financially strained they put more than $1 billion on buy-now, pay later services during Black Friday and Cyber Monday
RetailU.S. consumers are so financially strained they put more than $1 billion on buy-now, pay later services during Black Friday and Cyber Monday
By Jeena Sharma and Retail BrewDecember 5, 2025
Schumer
Politics‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB says
By Nick LichtenbergDecember 5, 2025
Trump calls affordability a ‘Democrat scam’ and ‘con job’—but nearly three-quarters of his voters think cost of living is bad or the worst ever
EconomyTrump calls affordability a ‘Democrat scam’ and ‘con job’—but nearly three-quarters of his voters think cost of living is bad or the worst ever
By Jason MaDecember 5, 2025
Construction workers are getting a salary bump for working on data center projects during the AI boom.
AIConstruction workers are earning up to 30% more and some are nabbing six-figure salaries in the data center boom
By Nino PaoliDecember 5, 2025
Young family stressed over finances
SuccessPeople making six-figure salaries used to be considered rich—now households earning nearly $200K a year aren’t considered upper-class in some states
By Emma BurleighDecember 5, 2025
  • Elon Musk, standing with his arms crossed, looks down at Donald Trump sitting at his desk in the Oval Office
    EconomyElon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs
    By Sasha RogelbergDecember 2, 2025
Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia.
EconomyRay Dalio says ‘a little bit of everything’ is needed to prevent a debt crisis—but it won’t happen anyway
By Eleanor PringleDecember 5, 2025
Scott Bessent speaks with Andrew Ross Roskin at Dealbook Summit
LawTreasury Secretary Bessent insists Trump’s tariff agenda is ‘permanent,’ saying the White House can re-create it even with a Supreme Court loss
By Marco Quiroz-GutierrezDecember 5, 2025
Trump
Politics‘We fixed inflation, and we fixed almost everything’: Trump travels to Pennsylvania to talk affordability while denying it’s a problem
By Josh Boak and The Associated PressDecember 4, 2025
Bear
RetailBuild-A-Bear stock falls 15% as it reveals the real hit from tariffs, at last
By Michelle Chapman and The Associated PressDecember 4, 2025
Gen Z
EconomyAmerica, meet your alienated youth: ‘Gold standard’ Harvard survey reveals Gen Z’s anxiety and distrust, defined by economic insecurity
By Nick LichtenbergDecember 4, 2025
The outside of a Dollar General store, at night
RetailDollar Tree says the majority of its new customers earn at least $100,000 a year
By Dave SmithDecember 4, 2025
Zohran Mamdani, in front of a brick building, smiles as he holds a press conference.
Real Estate‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida
By Sasha RogelbergDecember 4, 2025
Hassett, Bessent
EconomyTariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’
By Nick LichtenbergDecember 4, 2025
Hassett
BankingMarket doubts Hassett can deliver at Fed, PGIM’s Peters says
By Ruth Carson and BloombergDecember 4, 2025
Jerome Powell, chairman of the US Federal Reserve, during the Hoover Institution's George P. Shultz Memorial Lecture Series in Stanford, California, US, on Monday, Dec. 1, 2025.
EconomyFor Wall Street, pandemic-level bad news for jobs is good news for stocks—it pushes the Fed further into cutting territory
By Eleanor PringleDecember 4, 2025
Traders Michael Urkonis, left, and Fred Demarco work on the floor of the New York Stock Exchange, Tuesday, Dec. 2, 2025.
InvestingWall Street drifts while Dollar General and Spam sales jump in a market hungry for affordability
By Stan Choe and The Associated PressDecember 4, 2025
Factory worker on assembly line.
SuccessNearly 4 million new manufacturing jobs are coming to America as boomers retire—but it’s the one trade job Gen Z doesn’t want
By Emma BurleighDecember 4, 2025
Donald Trump
Politics‘There’s this fake narrative that the Democrats talk about, affordability’: Trump keeps dismissing cost of living as his party struggles to hold seats
By Meg Kinnard, Joey Cappelletti and The Associated PressDecember 4, 2025
Jerome Powell
CommentaryFed officials like the mystique of being seen as financial technocrats, but it’s time to demystify the central bank
By Alexander William SalterDecember 4, 2025
Bastian
PoliticsDelta took $200 million hit from longest government shutdown in history, filings reveal
By Rio Yamat and The Associated PressDecember 4, 2025
President Donald Trump attends a cabinet meeting at the White House in Washington, DC on December 2, 2025.
EconomyTwo months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
Greg Abbott and Sundar Pichai sit next to each other at a red table.
AIBank of America predicts an ‘air pocket,’ not an AI bubble, fueled by mountains of debt piling up from the data center rush
By Sasha RogelbergDecember 3, 2025
Bessent
EconomyScott Bessent calls the Giving Pledge well-intentioned but ‘very amorphous,’ growing from ‘a panic among the billionaire class’
By Nick LichtenbergDecember 3, 2025
Scott Bessent
EconomyScott Bessent is defiant on whether tariffs are a tax, demands Democrats work to cut actual taxes instead
By Nick LichtenbergDecember 3, 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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