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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 65 of 100
Shoppers in a Target on Black Friday
RetailShoppers are underwhelmed by deals and crowds on Black Friday
By Jaewon Kang and BloombergNovember 28, 2025
  • Jerome Powell, chairman of the US Federal Reserve
    EconomyWall Street is on tenterhooks over the Fed’s ‘rare, genuinely suspenseful’ December meeting: The committee is unsure of the data and one another
    By Eleanor PringleNovember 25, 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
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
This ‘boring’ job that millennials and boomers abandoned is the hottest seasonal job on the market—and it’s Gen Z’s path to a six-figure career
SuccessThis ‘boring’ job that millennials and boomers abandoned is the hottest seasonal job on the market—and it’s Gen Z’s path to a six-figure career
By Orianna Rosa RoyleNovember 28, 2025
Warren Buffett in front of a sky blue background
InvestingRead Warren Buffett’s annual Thanksgiving letter for 2025—his final one to shareholders
By Dave SmithNovember 27, 2025
blind spot
CommentaryWhy Congress’ refusal to act on freight since 1993 is costing taxpayers over $40 billion a year
By Michael F. GormanNovember 27, 2025
  • Deloitte name atop its regional headquarters in Washington, D.C.
    AIDeloitte allegedly cited AI-generated research in a million-dollar report for a Canadian provincial government
    By Nino PaoliNovember 25, 2025
K-shaped economy and ‘collective holding of breath’ about the AI bubble both appear in Fed’s temperature check
EconomyK-shaped economy and ‘collective holding of breath’ about the AI bubble both appear in Fed’s temperature check
By Eva RoytburgNovember 27, 2025
Photo of Jerome Powell
EconomyThe labor market feels so awful right now because companies are doing everything bar announcing mass layoffs, says the Fed
By Eleanor PringleNovember 27, 2025
Photo: U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, Oct. 29, 2025. The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 3.75 to 4 percent, marking its second rate cut this year.
Economy‘Weaker job growth and lower inflation’: It’s all lining up perfectly for a Fed cut in December
By Jim EdwardsNovember 27, 2025
Sam Altman smiles against a pink background
AIMIT report: AI can already replace nearly 12% of the U.S. workforce
By Dave SmithNovember 27, 2025
Despite some green shoots, the new CEO of Kohl’s faces a tough slog to win back its AWOL shoppers
RetailDespite some green shoots, the new CEO of Kohl’s faces a tough slog to win back its AWOL shoppers
By Phil WahbaNovember 27, 2025
  • Trump
    EconomyTrump’s gambit to save Republicans from a giant health insurance spike comes with a $50 billion price tag, CRFB estimates
    By Nick LichtenbergNovember 24, 2025
jobless
Economy‘Low-hire, low-fire’ economy grinds on as lower-than-expected jobless claims suggests layoffs aren’t spiking
By Christopher Rugaber, Nick Lichtenberg and The Associated PressNovember 26, 2025
Trump sits in a chair in the Oval Office, speaking while gesturing with both hands.
CryptoNobel laureate Paul Krugman says Bitcoin’s meltdown is deeply connected to Trump’s waning power: ‘Think of it as the unraveling of the Trump trade’
By Sasha RogelbergNovember 26, 2025
layoffs
EconomyThese Fortune 500 companies are laying off thousands of workers and fueling economic anxiety
By Wyatte Grantham-Philips and The Associated PressNovember 26, 2025
Kevin Hassett, director of the National Economic Council, appears to be the frontrunner to serve as the next Fed chair.
EconomyLongtime Trump advisor Kevin Hassett emerges as favorite for Fed chair, Bloomberg reports
By Nino PaoliNovember 26, 2025
tariffs
Economy‘It wasn’t worth the $10 tariff for a $27 purchase’: American shoppers find maybe they just won’t buy that small thing from Canada or England this year
By Mae Anderson and The Associated PressNovember 26, 2025
Canada, India
EconomyCanada cozies up to India for trade deal after years of strain as Trump continues pushing the world into new alliances
By Rob Gillies and The Associated PressNovember 26, 2025
United States Secretary of the Treasury Scott Bessent (L) and Chair of the Federal Reserve of the United States Jerome Powell (R).
EconomyScott Bessent wants the era of Fed-watching to end: They should ‘move back into the background’ and make fewer speeches, he says
By Eleanor PringleNovember 26, 2025
How AI can power Europe’s next industrial revolution
CommentaryHow AI can power Europe’s next industrial revolution
By Dave McCannNovember 26, 2025
Black Friday
EconomyU.S. consumers dial back in sign of anxiety heading Into holidays
By Molly Smith, Julia Fanzeres and BloombergNovember 25, 2025
Witkoff
PoliticsWitkoff advised Russia on how to pitch Ukraine plan to Trump
By BloombergNovember 25, 2025
RealPage, a rent pricing software, helps landlords charge the highest possible rent by accessing confidential data, critics argue.
Real EstateDeal emerges from antitrust lawsuit that alleged landlords used pricing software for ‘algorithmic collusion’ to drive up rent
By R.J. Rico and The Associated PressNovember 25, 2025
black unemployment
EconomyWhy is Black female unemployment soaring? Experts gather in Boston to discuss 7.5% unemployment rate
By Matt Brown and The Associated PressNovember 25, 2025
consumer confidence
EconomyGovernment shutdown sends consumer confidence plunging to April ‘liberation day’ levels
By Christopher Rugaber and The Associated PressNovember 25, 2025
Nouriel Roubini, chief executive officer of Roubini Macro Associates Inc., during a Bloomberg Television interview on the sidelines of the Qatar Economic Forum (QEF) in Doha, Qatar, on Wednesday, May 24, 2023.
Economy‘Dr. Doom’ Nouriel Roubini breaks with the crowd on the AI bubble, saying the U.S. is headed for a ‘growth recession’ and not a market crash
By Eva Roytburg and Nick LichtenbergNovember 25, 2025
Jerome Powell
Economy‘Just enough to spend, not enough to splurge’: The low-hire labor market bites for Gen Z and lower-income Americans, JPMorgan finds
By Nick LichtenbergNovember 25, 2025
Donald Trump
EconomyDespite Trump’s best efforts to reshore manufacturing, blue-collar employment is plunging for the first time since the pandemic with 59,000 lost jobs
By Sasha RogelbergNovember 25, 2025
Clay Patton, vice president of the Lexington-area Chamber of Commerce said Monday that Tyson’s announcement Friday felt like a “gut punch” to the community
EconomyCity of 11,000 reels from ‘gut punch’ after Big Meat firm closes plant that employs nearly a third of the population
By Josh Funk and The Associated PressNovember 25, 2025
retail sales
EconomyRetail sales creep up 0.2% in September from August as delayed report shows economy crawling forward
By Christopher Rugaber and The Associated PressNovember 25, 2025
farmers
CommentaryHow American farmers are losing out on the organic food boom to other countries
By Kelly DamewoodNovember 25, 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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