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Jerome Powell says the AI hiring apocalypse is real: ‘Job creation is pretty close to zero’

Powell said the Fed is walking a tightrope as AI-fueled investment props up growth but erodes hiring.

yesterday 1

Eva Roytburg

Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

yesterday 4

Eva Roytburg

Powell warns not to count on a December rate cut just yet—the Fed is extremely divided and a further cut is ‘not a foregone conclusion. Far from it’

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a...

previous day 0

Eva Roytburg

Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure...

previous day 1

Eva Roytburg

Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

As Amazon slashes 14,000 white-collar roles and the U.S. approaches a million job cuts this year, AI’s first major labor casualty might be emerging.

previous day 80

Eva Roytburg

The U.S. just bet $1 billion that AI supercomputers can turn most cancers from ‘death sentences’ to ‘manageable conditions’ within 8 years

Chris Wright says the supercomputers will also allow the U.S. to “re-create the center of the sun on Earth” given how they benefit fusion energy...

tuesday 2

Eva Roytburg

The U.S. is joining Europe’s debt club—Trump’s ‘Big, Beautiful Bill’ could fuel $38 trillion tab bigger than Italy or Greece by GDP share

All roads lead to Rome.

tuesday 20

Eva Roytburg

‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

Simon van Teutem talked to Fortune about “the illusion of infinite choice, and the social status … You’re always looking for the next level, the...

26.10.2025 20

Eva Roytburg

Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

Diane Swonk, chief economist at KPMG, sees a "creep instead of a surge" in inflation. Things are uneasy below the surface.

24.10.2025 1

Eva Roytburg

Former U.S. data chief warns the Fed is “flying blind” after losing its secret view of the job market right when Powell needs it most

A once-obscure data-sharing deal between ADP and the Fed helped shape monetary policy for years—until it abruptly vanished.

23.10.2025 2

Eva Roytburg

Did an OpenAI cofounder just pop the AI bubble? ‘The models are not there’

Andrej Karpathy’s timeline for AGI is much slower than the consensus among Silicon Valley types.

21.10.2025 2

Eva Roytburg

$50 billion fintech CEO says stop selling AI. Customers don’t care and ‘just want their problem solved’

The CEO of the largest digital bank says stop peddling new technology as your selling point.

21.10.2025 10

Eva Roytburg

Even the author of ‘Trumponomics’ admits ‘tariffs are taxes—and taxes are bad’

Trump’s former economic advisor Stephen Moore tells Fortune tariffs have dragged down growth and raised prices, and says he’s concerned about...

21.10.2025 100

Eva Roytburg

Former Sears boss says CEOs won’t challenge Trump’s tariffs out of ‘cowardice’—but the holidays are fast approaching, and ‘the party is over’

Mark Cohen expects many shelves at retailers will be empty this holiday season.

20.10.2025 3

Eva Roytburg

The protein craze is heavy metal, literally: bombshell investigation finds unsafe lead amounts in two-thirds of top powders for sale

Paris Martineau said Consumer Reports found “concerning levels” of heavy metals in a 2010 investigation, but the risks have been growing ever since.

17.10.2025 10

Eva Roytburg

Mark Cuban warns that OpenAI’s new plan to allow adults-only erotica in ChatGPT could ‘backfire. Hard’

“No parent is going to trust that their kids can’t get through your age gating,” Cuban wrote on X.

16.10.2025 6

Eva Roytburg

AI trading is flooding Wall Street—and fueling a 1.2 trillion-message trading surge, NYSE president says

There are three times more trades on Wall Street than just four years ago, the head of the stock exchange, Lynn Martin, told Fortune.

15.10.2025 9

Eva Roytburg

UN sees the world entering ‘extremely dangerous’ climate era as CO2 spikes by the most in the history of human civilization

“The heat trapped by CO2 and other greenhouse gases is turbo-charging our climate and leading to more extreme weather," said WMO Deputy...

15.10.2025 40

Eva Roytburg

Powell just gave his strongest hint yet that rate cuts are coming, and investors are jubilant: ‘Stage is set for parabolic Q4’

Powell gave two strong signals that liquidity will soon be injected into the market.

15.10.2025 10

Eva Roytburg

‘Rare earths are a very useful weapon for China’: Former Commerce Secretary Wilbur Ross on the big economic danger

The past week could just be a preview to China weaponizing its entire supply chain, the investor told Fortune.

14.10.2025 2

Eva Roytburg

‘Scandalous’: Top economist Jeremy Siegel says U.S. sleepwalked into rare earths crisis as China tightens its grip

The Wharton professor says Washington ignored the mineral threat for decades, leaving U.S. supply chains exposed and Beijing in control of 90% of...

14.10.2025 10

Eva Roytburg

Meet the millennial father of six who went from homelessness to building a thriving trades business—and a blueprint for America’s reskilling revolution

"'We as a country have done a poor job equipping our children for life," Arkeem Sturgis tells Fortune. Some people "want to work with their hands."

12.10.2025 10

Eva Roytburg

Perplexity’s 31-year-old CEO horrified after getting tagged by a student using his free AI browser to cheat: ‘Absolutely don’t do this’

The Comet browser was just lowered from $200 to free for students. Its “agentic” AI can navigate the web, click through tasks, and yes, finish...

10.10.2025 3

Eva Roytburg

Some Ford employees say they’ve been warned they could be fired for not going back to the office, report says

The automaker has tightened its return-to-office policy, requiring most salaried staff to work on-site four days a week as part of CEO Jim Farley’s...

09.10.2025 3

Eva Roytburg

Jamie Dimon warns leaders not to ‘put their head in the sand’ about AI. ‘It is going to affect jobs’

Managers and leaders have to “get their mind working on how they’re gonna use this thing,” the JPMorgan Chase CEO said. “It’s kind of the...

08.10.2025 2

Eva Roytburg

Top Wall Street economist sees 2 ways tariffs could play out — and neither is good for the average worker

Nathan Sheets, Citi’s global chief economist, told Fortune that it's a similar situation to the "devastating" 1930s, but maybe not in the way you...

07.10.2025 2

Eva Roytburg

Trump tries to cool off MAGA’s rage over the Puerto Rican rap superstar headlining the Super Bowl: ‘I don’t know who he is’

Trump didn't touch the MAGA trial balloon over an NFL boycott, but he did say he hates the new kickoff rules. "It just looks terrible."

07.10.2025 3

Eva Roytburg

Trump says the American Dream is on hold because ‘big homebuilders’ are ‘sitting on’ 2 million empty lots

It’s an unusual attack, since it resembles Ezra Klein’s “abundance” thesis, and one of Trump’s top deputies is a homebuilding heir.

06.10.2025 6

Eva Roytburg

Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

“With the kind of growth we have now, the debt is very low relatively speaking. You grow yourself out of that debt,” Trump said.

04.10.2025 10

Eva Roytburg

I tried the viral AI ‘Friend’ necklace everyone’s talking about—and it’s like wearing your senile, anxious grandmother around your neck

New Yorkers are vandalizing posters advertising friend.com, calling the AI necklace “dystopian” and “creepy.” It also just doesn’t really work.

03.10.2025 10

Eva Roytburg

The Gen Z hiring nightmare is real, but AI is a ‘lightning strike’ not a ‘house fire,’ Yale economist says

Stanford made waves with a paper saying AI is having a “significant” impact on entry-level jobs. Not so fast, Yale’s Martha Gimbel told Fortune.

03.10.2025 20

Eva Roytburg

Meta is exploiting the ‘illusion of privacy’ to sell you ads based on chatbot conversations, top AI ethics expert says—and you can’t opt out

Linguist and AI critic Emily Bender says the shift could incentivize Meta to design its AI to prod users into even more conversations.

02.10.2025 20

Eva Roytburg

The 22-year-old AI CEO behind Friend.com necklace welcomes graffiti on his $1 million ad campaign: ‘Capitalism is the greatest artistic medium’

“The audience completes the work,” Avi Schiffmann, creator of the AI wearable, told Fortune. “I purchased the zeitgeist.”

02.10.2025 8

Eva Roytburg

Jensen Huang doesn’t care about Sam Altman’s AI hype fears: he thinks OpenAI will be the first ‘multitrillion-dollar hyperscale company’

Zuckerberg and Altman are scared of a bubble. Not Nvidia’s leader, who also offered thoughts on the $100,000 H-1B visa setting "the bar a little too...

29.09.2025 2

Eva Roytburg

Musk, Thiel and Bannon appear in newly released Epstein records, years after sex-offender plea

The schedules show high-profile names penciled in for lunches, flights and island trips.

27.09.2025 3

Eva Roytburg

All bark, no bite: Trump’s latest trade war turns into another TACO salad for Wall Street

Markets actually improved on the latest surprise round of Trump tariffs.

27.09.2025 4

Eva Roytburg

Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

With the Ellisons (Oracle) and Murdochs (Fox) in the mix, Trump allies are poised to take at least partial control over the app’s recommendation...

26.09.2025 10

Eva Roytburg

Elon Musk just sold Grok to U.S. government for 42 cents—and signals warmer ties with Trump

Washington is quietly handing Musk a foothold in the AI race with a licensing deal.

26.09.2025 40

Eva Roytburg

Starbucks chases Gen Z nostalgia, betting $1 billion on plan to bring back the ‘third place’

The Starbucks’ workers union is not happy with the plan, which also includes huge store closures and hundreds of layoffs.

25.09.2025 7

Eva Roytburg

Bill Clinton warns Trump’s aid cuts could fuel 6 million new HIV cases—and is unveiling a $40 drug plan to fill the gap

“We’re pulling further and further away from one another," the former President said of shooting death of conservative activist Charlie Kirk.

25.09.2025 5

Eva Roytburg

What oil CEOs really think about Trump, tariffs and uncertainty: ‘Those who can are running for the exits’

"The uncertainty from the administration’s policies has put a damper on all investment in the oilpatch," one exec wrote in the quarterly Dallas Fed...

25.09.2025 6

Eva Roytburg

Sam Altman’s AI empire will devour as much power as New York City and San Diego combined. Experts say it’s ‘scary’

Andrew Chien told Fortune he’s been a computer scientist for 40 years but we’re close to “some seminal moments for how we think about AI and its...

24.09.2025 2

Eva Roytburg

Jerome Powell says Congress and the private sector, not the Fed, are responsible for ‘the things that will really matter for future generations’

Powell is nearing the end of a tumultuous second term.

24.09.2025 9

Eva Roytburg

Alabama builders rethink deportations as raids disappear hundreds of their ‘God-fearing, family-oriented’ immigrant workers

Builders are now calling for a work visa for law-abiding undocumented immigrants.

24.09.2025 60

Eva Roytburg

Jerome Powell says Gen Z without tech skills are getting crushed in the ’low-hire, low-fire’ job market—and colleges are failing them

While a major economic issue, there’s not much the Fed can do about that, he said.

24.09.2025 10

Eva Roytburg

Elon Musk once vowed to ‘go to war’ for H-1Bs. Now he’s silent on Trump’s $100K fee—and smiling beside him at Charlie Kirk’s funeral

Musk inflamed a brutal Christmas-time conflict over the visas. Is he trying to win back Trump’s good graces now?

22.09.2025 5

Eva Roytburg

‘Shut it down!’ — Bumble founder Wolfe Herd is terrified that there’s a new Hulu biopic about her life and wanted to block it two years ago

“I’m obviously both terrified and maybe slightly flattered,” Whitney Wolfe Herd said of “Swiped.”

20.09.2025 30

Eva Roytburg

Meta’s 28-year-old billionaire prodigy says the next Bill Gates will be a 13-year-old who is ‘vibe coding’ right now

Teenagers, Alexandr Wang argues, have a built-in edge.

20.09.2025 60

Eva Roytburg

Trump says Charlie Kirk could have become president as Obama rips Kimmel suspension taking ‘cancel culture’ to a ‘new and dangerous level’

Columbia's Alex Abdo said Brendan Carr of the FCC is close to “the definition of unconstitutional coercion" while Chuck Schumer called his rhetoric...

19.09.2025 10

Eva Roytburg

Top media scholar calls Kimmel’s benching ‘one of the fastest exertions of station power I’ve ever seen,’ sees a vanilla late-night future ahead

“We may be coming full circle," Robert Thompson of Syracuse University told Fortune, "back to a Carson-style, harmless late night—with NBC the...

18.09.2025 6

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Jerome Powell says the AI hiring apocalypse is real: ‘Job creation is pretty close to zero’

Eva Roytburg

Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

Eva Roytburg

Powell warns not to count on a December rate cut just yet—the Fed is extremely divided and a further cut is ‘not a foregone conclusion. Far from it’

Eva Roytburg

Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

Eva Roytburg

Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

Eva Roytburg

The U.S. just bet $1 billion that AI supercomputers can turn most cancers from ‘death sentences’ to ‘manageable conditions’ within 8 years

Eva Roytburg

The U.S. is joining Europe’s debt club—Trump’s ‘Big, Beautiful Bill’ could fuel $38 trillion tab bigger than Italy or Greece by GDP share

Eva Roytburg

‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

Eva Roytburg

Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

Eva Roytburg

Former U.S. data chief warns the Fed is “flying blind” after losing its secret view of the job market right when Powell needs it most

Eva Roytburg

Did an OpenAI cofounder just pop the AI bubble? ‘The models are not there’

Eva Roytburg

$50 billion fintech CEO says stop selling AI. Customers don’t care and ‘just want their problem solved’

Eva Roytburg

Even the author of ‘Trumponomics’ admits ‘tariffs are taxes—and taxes are bad’

Eva Roytburg

Former Sears boss says CEOs won’t challenge Trump’s tariffs out of ‘cowardice’—but the holidays are fast approaching, and ‘the party is over’

Eva Roytburg

The protein craze is heavy metal, literally: bombshell investigation finds unsafe lead amounts in two-thirds of top powders for sale

Eva Roytburg

Mark Cuban warns that OpenAI’s new plan to allow adults-only erotica in ChatGPT could ‘backfire. Hard’

Eva Roytburg

AI trading is flooding Wall Street—and fueling a 1.2 trillion-message trading surge, NYSE president says

Eva Roytburg

UN sees the world entering ‘extremely dangerous’ climate era as CO2 spikes by the most in the history of human civilization

Eva Roytburg

Powell just gave his strongest hint yet that rate cuts are coming, and investors are jubilant: ‘Stage is set for parabolic Q4’

Eva Roytburg

‘Rare earths are a very useful weapon for China’: Former Commerce Secretary Wilbur Ross on the big economic danger

Eva Roytburg

‘Scandalous’: Top economist Jeremy Siegel says U.S. sleepwalked into rare earths crisis as China tightens its grip

Eva Roytburg

Meet the millennial father of six who went from homelessness to building a thriving trades business—and a blueprint for America’s reskilling revolution

Eva Roytburg

Perplexity’s 31-year-old CEO horrified after getting tagged by a student using his free AI browser to cheat: ‘Absolutely don’t do this’

Eva Roytburg

Some Ford employees say they’ve been warned they could be fired for not going back to the office, report says

Eva Roytburg

Jamie Dimon warns leaders not to ‘put their head in the sand’ about AI. ‘It is going to affect jobs’

Eva Roytburg

Top Wall Street economist sees 2 ways tariffs could play out — and neither is good for the average worker

Eva Roytburg

Trump tries to cool off MAGA’s rage over the Puerto Rican rap superstar headlining the Super Bowl: ‘I don’t know who he is’

Eva Roytburg

Trump says the American Dream is on hold because ‘big homebuilders’ are ‘sitting on’ 2 million empty lots

Eva Roytburg

Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

Eva Roytburg

I tried the viral AI ‘Friend’ necklace everyone’s talking about—and it’s like wearing your senile, anxious grandmother around your neck

Eva Roytburg

The Gen Z hiring nightmare is real, but AI is a ‘lightning strike’ not a ‘house fire,’ Yale economist says

Eva Roytburg

Meta is exploiting the ‘illusion of privacy’ to sell you ads based on chatbot conversations, top AI ethics expert says—and you can’t opt out

Eva Roytburg

The 22-year-old AI CEO behind Friend.com necklace welcomes graffiti on his $1 million ad campaign: ‘Capitalism is the greatest artistic medium’

Eva Roytburg

Jensen Huang doesn’t care about Sam Altman’s AI hype fears: he thinks OpenAI will be the first ‘multitrillion-dollar hyperscale company’

Eva Roytburg

Musk, Thiel and Bannon appear in newly released Epstein records, years after sex-offender plea

Eva Roytburg

All bark, no bite: Trump’s latest trade war turns into another TACO salad for Wall Street

Eva Roytburg

Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

Eva Roytburg

Elon Musk just sold Grok to U.S. government for 42 cents—and signals warmer ties with Trump

Eva Roytburg

Starbucks chases Gen Z nostalgia, betting $1 billion on plan to bring back the ‘third place’