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Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25

“The key to that is really redeploying people and re-skilling them,” Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not...

yesterday 0

Nick Lichtenberg

Intel shares surge 30% as Nvidia announces $5 billion investment in America’s one-time chips champion

Nvidia CEO Jensen Huang hailed the deal as a "historic collaboration," adding that "AI is powering a new industrial revolution."

yesterday 4

Nick Lichtenberg

Jerome Powell says the Gen Z hiring nightmare is real: ‘Kids coming out of college…are having a hard time finding jobs’

"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there."

yesterday 90

Nick Lichtenberg

Jerome Powell warns there’s ‘no risk-free path’ to avoid stagflation: ‘We have a situation where we have two-sided risk’

The Fed chair kept remarking on the current fix he's in, calling it "quite an unusual situation."

yesterday 3

Nick Lichtenberg

BofA sees gold hitting $4,000 per ounce in the second quarter of 2026. Here’s why the bank sees more room to run after recent record highs

You've heard that gold is hitting record highs. Not quite, Bank of America's Commodities team says.

previous day 10

Nick Lichtenberg

BofA sees ‘path to a 5% mortgage rate’ if the Fed pulls off these 2 things

But it won't be enough to help most Americans afford a home.

tuesday 4

Nick Lichtenberg

Robert Redford, the Sundance Kid turned Sundance mogul, entrepreneur and independent film champion, dies at 89

He bought two acres in Provo Canyon, Utah, after falling in love with the area on a 1961 motorcycle trip. It was the start of something big.

tuesday 4

Nick Lichtenberg

Google tops $3 trillion for the first time, joining select market-cap club with only 3 other members

Alphabet's shares surged by over 4% in Monday trading.

tuesday 10

Nick Lichtenberg

Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him

President Trump thinks Mamdani is likely to win, and criticized Republican Curtis Sliwa as "not exactly prime time."

tuesday 5

Nick Lichtenberg

Meet a 23-year-old electrician who was a ‘good student’ but skipped college to join Gen Z’s blue-collar revolution. He makes 6 figures

Remote college in 2020 didn't work for Jacob Palmer. “It felt very intangible, is the best way that I have found to say it ... It didn’t work for...

14.09.2025 20

Nick Lichtenberg

Ray Dalio calls for wealth ‘redistribution policy’ when AI and humanoid robots start to benefit the 1% to 10% more than everyone else

The hedge fund billionaire sees a "limited number of winners and a bunch of losers" with the 1% to 10% "benefiting a lot."

13.09.2025 4

Nick Lichtenberg

Authorities say Charlie Kirk’s alleged assassin left behind bullet casings with antifascist messages and a plethora of gamer and Gen Z slang

"I will leave that up to you to interpret what those engravings mean," Utah Gov. Spencer Cox said, adding that one in particular "speaks for itself."

12.09.2025 4

Nick Lichtenberg

From Mike Bloomberg to Jamie Dimon to ‘staunch capitalist’ Kathy Hochul, New York’s likely next Mayor Zohran Mamdani is meeting with lots of people

Mamdani also signaled to The New York Times that he'll apologize for calling the NYPD "racist" during a 2020 George Floyd protest.

12.09.2025 3

Nick Lichtenberg

Why the song of the summer is nearly 30 years old—and what it has to do with Gen Z’s nostalgic thirst for a ’90’s kid summer’

The Goo Goo Dolls' "Iris" is bigger than ever. It was first released in 1998, when many of its new fans weren't born yet.

12.09.2025 4

Nick Lichtenberg

Google got caught saying the open web is in ‘rapid decline,’ and publishers are up in arms about its AI ‘content theft’

Google says the web is thriving and it’s in “rapid decline,” as publishers accuse it of “theft” and being a “bad actor.” So which is it?

11.09.2025 3

Nick Lichtenberg

The ‘Great Lock-In’ is more than a Gen Z TikTok trend—it’s a rejection of millennials’ ‘soft life’ and taking back power in this economy

Remember when "hustle culture" was a thing, then generation burnout? That's such a millennial way of looking at things.

11.09.2025 10

Nick Lichtenberg

Americans haven’t been this pessimistic about finding a new job since a bleak stretch of the Great Recession

Pessimism is "most pronounced for those with at most a high school education," according to the New York Federal Reserve.

10.09.2025 10

Nick Lichtenberg

Tylenol maker’s stock lost billions after a rumor linking the medicine to autism. Wall Street says buy the dip as one bank sees a ‘major overreaction’

Canaccord Genuity went on social media to gauge the reaction. Even the MAHA crowd was mixed on this one.

10.09.2025 4

Nick Lichtenberg

The U.S. economy actually grew by nearly a million fewer jobs than previously thought, and ‘AI is automating away tech jobs,’ economist says

"The revision shows the economy entered 2025 with less momentum than previously understood,” said Bill Adams, Chief Economist at Comerica Bank.

09.09.2025 3

Nick Lichtenberg

Trump’s fury at Jerome Powell for being ‘too late’ to cut rates just got extra juice from another shocking jobs number

The U.S. economy created 911,000 fewer jobs than initially thought from March 2024 to March 2025, the Bureau of Labor Statistics revealed.

09.09.2025 10

Nick Lichtenberg

Rupert Murdoch’s real-life ‘Succession’ battle just ended in a multibillion-dollar deal that keeps Fox News, Wall Street Journal conservative

The future of Fox News and The Wall Street Journal were at stake.

09.09.2025 3

Nick Lichtenberg

The one-time ‘Oracle of Wall Street’ who called the 2008 crash sounds the alarm for Gen Z and Millennials in the year ahead

Meredith Whitney says younger generations face significant financial headwinds.

08.09.2025 2

Nick Lichtenberg

Your health insurance is about to go up by the biggest percentage in 15 years

Mercer's preliminary survey of over 1,700 employers found that 2025 open enrollment would be even more expensive—9%—without cost reductions.

08.09.2025 3

Nick Lichtenberg

Bank of America says the unemployment rate for recent grads is rising faster than all workers

The report finds that over 13% of unemployed Americans in July were “new entrants” or first-time job-seekers, “which skews towards Gen Z.”

08.09.2025 2

Nick Lichtenberg

Top analyst says you weren’t crazy for thinking the economy felt worse than it looked the last 3 years. The ‘rolling recession’ just ended

"Central to our view," Morgan Stanley's Mike Wilson argues, "is the notion that the economy has been much weaker" than the headline numbers suggest.

08.09.2025 20

Nick Lichtenberg

This Stanford computer science professor went to written exams 2 years ago because of AI. He says his students insisted on it

"We had a big, I don't know, existential crisis among students a few years back," Jure Leskovec told Fortune, "when it kind of wasn't clear what our...

07.09.2025 10

Nick Lichtenberg

Deutsche Bank on ‘the summer AI turned ugly’: markets are ‘more sober’ than the dotcom bubble, but with troubling data-center math

"It's clear there is a lot of hype," Deutsche Bank says, noting web searches for AI are 10 times as high as they ever were for crypto.

06.09.2025 2

Nick Lichtenberg

America’s homeownership rate falls for the first time since 2016 amid economic and demographic shifts, Redfin says

Renting is all the rage, surging by the greatest level seen in years.

05.09.2025 2

Nick Lichtenberg

‘Yes, you read that correctly’: Tesla pay committee pitches $1 trillion pact to keep Elon Musk as CEO for long term

Musk had a $56 billion pay package thrown out twice in 2024, so Tesla’s board has proposed a deal worth $1 trillion.

05.09.2025 3

Nick Lichtenberg

Trump demands immediate Supreme Court showdown over tariffs, warning of ‘economic catastrophe’ if they don’t remain in place

The Trump administration says the court's decision cast "a pall of legal uncertainty over the President's efforts to protect our country."

04.09.2025 9

Nick Lichtenberg

Meet the $100M AI startup that wants to kill the billable hour: ‘Most legal departments have lost control of their budgets and their knowledge’

“We have been heads down the last few years," CEO Omar Haroun told Fortune. Now he’s onstage with a “priest” reading out last rites for Big...

04.09.2025 5

Nick Lichtenberg

Google stock hits all-time high after government backs down, and it has AI rivals to thank

Alphabet’s stock closed up 8% Thursday at $231.10, its highest level ever.

04.09.2025 9

Nick Lichtenberg

One out of every 4 homes is at ‘severe or extreme’ climate risk, study says

Some $12.7 trillion of Americans' housing wealth is exposed to the climate change crisis.

04.09.2025 4

Nick Lichtenberg

McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

"Particularly with middle and lower-income consumers, they're feeling under a lot of pressure right now," Chris Kempczinski said on CNBC.

04.09.2025 10

Nick Lichtenberg

With Wall Street on edge about Friday’s jobs report, new data confirms the economy has the fewest job openings in nearly a year

"The U.S. labor market is slowing down," Bank of America Research wrote on Wednesday morning. Then the JOLTS data dropped.

03.09.2025 5

Nick Lichtenberg

Top economist Torsten Slok warns of an ‘inflation mountain’ in a potential repeat of the ’70s

“The risks are rising that we could see another ‘inflation mountain’ emerge over the coming months,” Apollo Global’s chief economist said.

03.09.2025 20

Nick Lichtenberg

3 reasons why Klarna’s valuation has fallen by nearly 70% from its peak just a few years ago

Once Europe's most valuable startup and the second-highest fintech at $45.6 billion, it's going public at a $14 billion valuation.

03.09.2025 20

Nick Lichtenberg

Gen Z’s angst, the death of the midlife crisis, and young worker ‘despair’: 2 top labor economists study the mess on the ladder to success

"Things have moved against people at that time in their lives … Moving on up the ladder, it feels as if, perhaps, for some of them, somebody's...

01.09.2025 5

Nick Lichtenberg

Lack of ‘civility’ is costing business $2 billion a day, according to the top HR research body. Here’s how to crack down on office rudeness, they say

SHRM's Jim Link told Fortune that companies should beware "Digital bravery," or saying whatever you want "from the safety and security of your...

31.08.2025 5

Nick Lichtenberg

Nvidia CEO Jensen Huang says AI will ‘probably’ bring 4-day work weeks: ‘Every industrial revolution leads to some change in social behavior’

"I have to admit that I'm afraid to say that we are going to be busier in the future than now," Huang said in an interview on Fox Business Network.

30.08.2025 10

Nick Lichtenberg

Survey reveals not only an ‘AI readiness gap’ but also an emerging phenomenon of ‘AI shame’ in the workplace—especially in the C-suite

"Companies are not educating enough about this whole thing," WalkMe's CHRO Sharon Bernstein told Fortune. "You want people not to fear to admit that...

29.08.2025 10

Nick Lichtenberg

New home inventory is at its highest level since just before the housing market collapse that led to the Great Recession, but that doesn’t mean it’s the same market

Since roughly 2022, ResiClub co-founder Lance Lambert told Fortune, "the national power dynamic has slowly been shifting from sellers to buyers."

29.08.2025 4

Nick Lichtenberg

Over half of professionals are so annoyed by AI trainings they say it feels like a second job, LinkedIn survey finds

The mounting pressure to upskill in AI is "fueling insecurity," LinkedIn says, with a third admitting they "feel embarrassed by how little they...

28.08.2025 4

Nick Lichtenberg

With markets on edge over AI bubble fears, chip stocks shudder as investors send Nvidia down 3% despite 56% growth in data center revenue

Investors had extremely high expectations for Nvidia’s data center division, with forecasts set at $41.3 billion.

28.08.2025 4

Nick Lichtenberg

This ‘economic sugar high’ won’t last, CRFB warns, touting analysis predicting long-term stagnation and $600 billion of annual borrowing through 2028

"An economic sugar high doesn’t mean sustained growth," says the Committee for a Responsible Federal Budget. This happened in 2017, too, they say.

28.08.2025 20

Nick Lichtenberg

Streaming has Americans more glued to their screens than ever, but it could all come crashing down in the case of a ‘content recession,’ BofA says

The top 10% of American households are paying over $100 a month for streaming services. How much longer will they?

27.08.2025 5

Nick Lichtenberg

The markets’ reaction to Trump hides a darker truth that puts the American economy at risk, Piper Sandler warns

“The U.S. is moving away from free markets, limited government, and the rule of law at an astonishing pace,” the investment bank says.

27.08.2025 3

Nick Lichtenberg

First-of-its-kind Stanford study says AI is starting to have a ‘significant and disproportionate impact’ on entry-level workers in the U.S.

Something appears to have changed in late 2022, specifically for young workers ages 22 to 25 in the jobs most exposed to AI.

27.08.2025 4

Nick Lichtenberg

Gen Z is adopting ‘career minimalism,’ killing off the ladder for a ‘lily pad’ mentality, Glassdoor says

"Conscious unbossing" is becoming a way of life for Gen Z, but they'll still accept a manager role for higher pay or a higher title.

26.08.2025 3

Nick Lichtenberg

‘Job-huggers’ sense trouble brewing in the jobs market as BofA flags wage growth stalling for switchers for the first time since 2010

Wage increases for job-hoppers have collapsed, BofA finds, while wage growth for job-switchers equals that of job-stayers for the first time since...

26.08.2025 3

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Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25

Nick Lichtenberg

Intel shares surge 30% as Nvidia announces $5 billion investment in America’s one-time chips champion

Nick Lichtenberg

Jerome Powell says the Gen Z hiring nightmare is real: ‘Kids coming out of college…are having a hard time finding jobs’

Nick Lichtenberg

Jerome Powell warns there’s ‘no risk-free path’ to avoid stagflation: ‘We have a situation where we have two-sided risk’

Nick Lichtenberg

BofA sees gold hitting $4,000 per ounce in the second quarter of 2026. Here’s why the bank sees more room to run after recent record highs

Nick Lichtenberg

BofA sees ‘path to a 5% mortgage rate’ if the Fed pulls off these 2 things

Nick Lichtenberg

Robert Redford, the Sundance Kid turned Sundance mogul, entrepreneur and independent film champion, dies at 89

Nick Lichtenberg

Google tops $3 trillion for the first time, joining select market-cap club with only 3 other members

Nick Lichtenberg

Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him

Nick Lichtenberg

Meet a 23-year-old electrician who was a ‘good student’ but skipped college to join Gen Z’s blue-collar revolution. He makes 6 figures

Nick Lichtenberg

Ray Dalio calls for wealth ‘redistribution policy’ when AI and humanoid robots start to benefit the 1% to 10% more than everyone else

Nick Lichtenberg

Authorities say Charlie Kirk’s alleged assassin left behind bullet casings with antifascist messages and a plethora of gamer and Gen Z slang

Nick Lichtenberg

From Mike Bloomberg to Jamie Dimon to ‘staunch capitalist’ Kathy Hochul, New York’s likely next Mayor Zohran Mamdani is meeting with lots of people

Nick Lichtenberg

Why the song of the summer is nearly 30 years old—and what it has to do with Gen Z’s nostalgic thirst for a ’90’s kid summer’

Nick Lichtenberg

Google got caught saying the open web is in ‘rapid decline,’ and publishers are up in arms about its AI ‘content theft’

Nick Lichtenberg

The ‘Great Lock-In’ is more than a Gen Z TikTok trend—it’s a rejection of millennials’ ‘soft life’ and taking back power in this economy

Nick Lichtenberg

Americans haven’t been this pessimistic about finding a new job since a bleak stretch of the Great Recession

Nick Lichtenberg

Tylenol maker’s stock lost billions after a rumor linking the medicine to autism. Wall Street says buy the dip as one bank sees a ‘major overreaction’

Nick Lichtenberg

The U.S. economy actually grew by nearly a million fewer jobs than previously thought, and ‘AI is automating away tech jobs,’ economist says

Nick Lichtenberg

Trump’s fury at Jerome Powell for being ‘too late’ to cut rates just got extra juice from another shocking jobs number

Nick Lichtenberg

Rupert Murdoch’s real-life ‘Succession’ battle just ended in a multibillion-dollar deal that keeps Fox News, Wall Street Journal conservative

Nick Lichtenberg

The one-time ‘Oracle of Wall Street’ who called the 2008 crash sounds the alarm for Gen Z and Millennials in the year ahead

Nick Lichtenberg

Your health insurance is about to go up by the biggest percentage in 15 years

Nick Lichtenberg

Bank of America says the unemployment rate for recent grads is rising faster than all workers

Nick Lichtenberg

Top analyst says you weren’t crazy for thinking the economy felt worse than it looked the last 3 years. The ‘rolling recession’ just ended

Nick Lichtenberg

This Stanford computer science professor went to written exams 2 years ago because of AI. He says his students insisted on it

Nick Lichtenberg

Deutsche Bank on ‘the summer AI turned ugly’: markets are ‘more sober’ than the dotcom bubble, but with troubling data-center math

Nick Lichtenberg

America’s homeownership rate falls for the first time since 2016 amid economic and demographic shifts, Redfin says

Nick Lichtenberg

‘Yes, you read that correctly’: Tesla pay committee pitches $1 trillion pact to keep Elon Musk as CEO for long term

Nick Lichtenberg

Trump demands immediate Supreme Court showdown over tariffs, warning of ‘economic catastrophe’ if they don’t remain in place

Nick Lichtenberg

Meet the $100M AI startup that wants to kill the billable hour: ‘Most legal departments have lost control of their budgets and their knowledge’

Nick Lichtenberg

Google stock hits all-time high after government backs down, and it has AI rivals to thank

Nick Lichtenberg

One out of every 4 homes is at ‘severe or extreme’ climate risk, study says

Nick Lichtenberg

McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

Nick Lichtenberg

With Wall Street on edge about Friday’s jobs report, new data confirms the economy has the fewest job openings in nearly a year

Nick Lichtenberg

Top economist Torsten Slok warns of an ‘inflation mountain’ in a potential repeat of the ’70s

Nick Lichtenberg

3 reasons why Klarna’s valuation has fallen by nearly 70% from its peak just a few years ago

Nick Lichtenberg

Gen Z’s angst, the death of the midlife crisis, and young worker ‘despair’: 2 top labor economists study the mess on the ladder to success

Nick Lichtenberg

Lack of ‘civility’ is costing business $2 billion a day, according to the top HR research body. Here’s how to crack down on office rudeness, they say