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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 64 of 100
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
  • Shoppers in a Target on Black Friday
    RetailShoppers are underwhelmed by deals and crowds on Black Friday
    By Jaewon Kang and BloombergNovember 28, 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
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
layoffs
EconomyWhat CEOs say about AI and what they mean about layoffs and job cuts: Goldman Sachs peels the onion
By Nick LichtenbergDecember 2, 2025
Trump
CommentaryThe trade war was never going to fix our deficit
By Daniel BunnDecember 2, 2025
Michael Dell talks candidly about his $6.25 billion donation to fund Invest America accounts for 25 million American children
EconomyMichael Dell talks candidly about his $6.25 billion donation to fund Invest America accounts for 25 million American children
By Diane BradyDecember 2, 2025
  • Women shopping
    RetailBlack Friday faces its ultimate test as desperate retailers and low consumer confidence collide in a high-stakes holiday standoff
    By Anne D'Innocenzio and The Associated PressNovember 28, 2025
Mohamed Aly El-Erian
Economy‘This Fed went to sleep,’ says top economist Mohamed El-Erian, who wants to see the central bank reformed and presidents to ‘cool it’
By Eleanor PringleDecember 2, 2025
More than 1,000 Amazon employees sign open letter warning the company’s AI ‘will do staggering damage to democracy, our jobs, and the earth’
AIMore than 1,000 Amazon employees sign open letter warning the company’s AI ‘will do staggering damage to democracy, our jobs, and the earth’
By Nino PaoliDecember 2, 2025
Extended holiday sales, effectively Black November, is ‘confusing’ for customers and dilutes shopping ‘sparkle’ of Black Fridays and Cyber Mondays past
RetailExtended holiday sales, effectively Black November, is ‘confusing’ for customers and dilutes shopping ‘sparkle’ of Black Fridays and Cyber Mondays past
By Kristina Monllos and Marketing BrewDecember 1, 2025
members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Hassett said that Chinese actions on trade in the last few weeks have been "unacceptable," but there has been "sort of a thawing" in US-China relations in recent days as conversations
EconomyWho is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation
By Eva RoytburgDecember 1, 2025
Queens
LawNew York City backs casinos in Queens and the Bronx that would benefit billionaire Steve Cohen and maybe even Donald Trump
By Philip Marcelo and The Associated PressDecember 1, 2025
  • Dr. Z. John Zhang is the Tsai-Wan Tsai Professor and Professor of Marketing at The Wharton School
    CommentaryThe finger arithmetic of free vs. fair trade
    By Z. John ZhangNovember 28, 2025
Donald Trump
EconomyThe tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China
By Nick LichtenbergDecember 1, 2025
President Donald Trump walks out with Federal Reserve board member Jerome Powell
EconomyTrump says he has a name to replace Powell—so Wall Street may need to contend with a ‘shadow Fed chair’ for the next half year
By Eleanor PringleDecember 1, 2025
dollars
EconomyThe K-shaped economy means inflation hurts at the bottom and swells the assets at the top
By Christopher Rugaber and The Associated PressDecember 1, 2025
Cyber Monday
RetailAdobe sees Americans spending $14.2 billion online during Cyber Monday, last call for holiday shopping binge
By Wyatte Grantham-Philips and The Associated PressDecember 1, 2025
Photo of Elon Musk
EconomyElon Musk says only AI and robotics can solve the ‘insanely high’ $38 trillion national debt crisis—but it would cause ‘significant deflation’
By Eleanor PringleDecember 1, 2025
Photo: PHILADELPHIA, PA - NOVEMBER 28: Philadelphia Eagles fan dressed as the Grinch looks on during the game between the Chicago Bears and the Philadelphia Eagles on November 28, 2025 at Lincoln Financial Field in Philadelphia, PA.
Economy‘Santa Rally’ stalls even though a December cut from the Fed is a near certainty
By Jim EdwardsDecember 1, 2025
Teen brands win over wary Black Friday shoppers while other deals disappoint
RetailTeen brands win over wary Black Friday shoppers while other deals disappoint
By Jaewon Kang and BloombergNovember 30, 2025
The housing crisis is also a crisis of hopelessness as young Americans give up, hustle less, spend more, and make risky investments as a last resort
EconomyThe housing crisis is also a crisis of hopelessness as young Americans give up, hustle less, spend more, and make risky investments as a last resort
By Jason MaNovember 30, 2025
Black Friday
Economy‘Black Friday has really turned into like a full week event’: America spends Thanksgiving week cruising for deals amid $18 billion spending explosion
By Wyatte Grantham-Philips and The Associated PressNovember 30, 2025
Tim Wu
EconomyWhy the economy has that ‘weird feeling of something you like getting worse’: One of America’s top legal theorists on ‘the age of extraction’
By Nick LichtenbergNovember 30, 2025
Lab-grown diamonds are crushing this African economy that was built on natural stones
EconomyLab-grown diamonds are crushing this African economy that was built on natural stones
By Sello Motseta, Farai Mutsaka and The Associated PressNovember 29, 2025
Santa is coming to Wall Street early this season, and analysts say 2026 is shaping up to be another big year of gains
InvestingSanta is coming to Wall Street early this season, and analysts say 2026 is shaping up to be another big year of gains
By Jason MaNovember 29, 2025
Wall Street strategist explains today’s political rage with a poverty line that should be $140,000 and the ‘Valley of Death’ trapping people below it
EconomyWall Street strategist explains today’s political rage with a poverty line that should be $140,000 and the ‘Valley of Death’ trapping people below it
By Jason MaNovember 29, 2025
McDonald's CEO Chris Kempczinski said earlier the fast-food chain's combo meals were too expensive for its customers.
C-SuiteMcDonald’s promoted its new $8 nugget combo meal, then got blasted online with complaints about affordability, quality and service
By Nino PaoliNovember 29, 2025
Robert F. Kennedy
PoliticsAfter lengthy delay, Trump administration releases $3.6 billion of funding for Low Income Home Energy Assistance Program
By Susan Haigh and The Associated PressNovember 29, 2025
Black Friday
Economy‘The economy is bad, but you still have to celebrate’: Black Friday shoppers attack stores with a vengeance, some sipping champagne
By Anne D'Innocenzio, Cathy Bussewitz, Stephen Smith and The Associated PressNovember 29, 2025
President Donald Trump listens as first lady Melania Trump speaks at a signing ceremony for the "Fostering the Future" executive order in the East Room of the White House on November 13, 2025 in Washington, DC.
EconomyNational debt crisis will be averted by governments ‘mobilizing and encouraging’ private wealth to fill budget holes, says UBS
By Eleanor PringleNovember 29, 2025
Photo of Jim Farley
EconomyFord workers told their CEO ‘none of the young people want to work here.’ So Jim Farley took a page out of the founder’s playbook
By Sasha RogelbergNovember 28, 2025
Narendra Modi wearing a blue vest
EconomyIndia growth beats all estimates as factories defy Trump tariffs
By Anup Roy, Shruti Srivastava and BloombergNovember 28, 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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