News
Jamie Dimon sees 'gung-ho' attitude and 'exuberance' in markets " just like 1972, 1986, 2000 and 2007. Uh Oh.
1+ hour, 58+ min ago (595+ words) The deals are flowing, bankers are busy, sponsors are spending. The clients aren't hesitating. "It's gung-ho, folks," Jamie Dimon told the Bernstein Strategic Decisions Conference on May 27. Then came the footnote that should make every CFO, fund manager, and investor…...
These Fortune 500 companies are bigger than most national economies'here's where they'd rank as countries
19+ hour, 54+ min ago (276+ words) The Fortune 500, now in its 72nd year, tracks the biggest U. S. companies by revenue. Each year, companies are ranked by how much they've made (or lost) and by how their market caps and bottom lines rank within their cohorts. Some of the…...
Trade war is back on the agenda as White House floats new 10% tariff plan'with footnotes to avoid an affordability crisis or chip shortage
1+ day, 4+ hour ago (410+ words) The report suggests that economies that have undertaken commitments or actioned policy against forced labor'Canada, Mexico, the EU and the UK among them'should be subject to a 10% tariff. All other economies, such as China, Brazil, and India face a 12. 5% hike....
New York Fed research is just one of many saying remote work is behind the real Gen Z hiring nightmare
1+ day, 21+ hour ago (620+ words) They may have gotten their wish. Of jobs that could be done remotely, 78% of U. S. work locations are currently either remote or hybrid, according to Gallup data, up from 40% in 2019. Meanwhile, fully on-site roles went from 60% of placements in 2019 to 22% this…...
I won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me
2+ day, 6+ hour ago (925+ words) Fortune I won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me I won the Pulitzer Prize for History for Lords of Finance, my account of how four central bankers" decisions triggered the Great Depression. I…...
It's not a recession. But Goldman says your paycheck is acting like it
2+ day, 9+ hour ago (503+ words) Americans aren't losing their jobs. The stock market isn't in freefall. And the official recession call is nowhere in sight. But Goldman Sachs is sounding an alarm about something quieter and more insidious: the purchasing power of the American paycheck…...
Nobody's safe': Cognizant projected 90% of jobs would be disrupted by 2032but we're beyond it 6 years early
2+ day, 17+ hour ago (492+ words) Everyone thought we were crazy," said Ollie O'Donoghue, the firm's head of research, speaking at Fortune's COO Summit in Scottsdale, Arizona. But turns out, they weren't crazy enough." Three years later, O'Donoghue and his colleague Sushant Warikoo, chief business officer…...
New Fed study shows remote work, not AI, is driving higher unemployment in younger workers
3+ day, 25+ min ago (207+ words) The rise of'remote work'since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of'higher unemployment rates'for recent college graduates, a study released Monday has found. Yet for older workers in those fields…...
This viral recruiter says Gen Z isn't lazy. Corporate America is just mad they're harder to manipulate
4+ day, 3+ hour ago (242+ words) Gen Z has gotten a bad rap in the workplace. Then again, every new generation gets labeled lazy, self-absorbed, and entitled by its predecessors. But what sets Gen Z apart from those so-called lazy generations before them is a greater…...
High gas prices are just the start " inflation is seeping into the rest of the economy
5+ day, 3+ hour ago (495+ words) Americans don't need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on…...