BUSINESS NEWS
- Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’
by Eva Roytburg on September 17, 2025 at 10:29 pm“[Spending] may well be skewed toward higher-earning consumers,” Powell said. “There’s a lot of anecdotal evidence to suggest that.”
- Jerome Powell says the Gen Z hiring nightmare is real: ‘Kids coming out of college…are having a hard time finding jobs’
by Nick Lichtenberg on September 17, 2025 at 9:24 pm"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."
- Powell isn’t being subtle about Trump, immigration and the employment disaster: ‘The supply of workers has obviously come way down’
by Eva Roytburg on September 17, 2025 at 8:45 pm"There’s very little growth, if any, in the supply of workers. And at the same time, demand for workers has also come down quite sharply," the Fed chair said.
- The average American homeowner lost $9,200 in home equity during the last year. It’s not a collapse but a ‘long-term market correction’
by Sydney Lake on September 17, 2025 at 8:43 pmBorrower equity is the third-highest ever recorded, but Leo Pond from Four Seasons Sotheby’s told Fortune that a fast climb uphill has turned into a plateau.
- Markets expected the rate cut, but the ‘real surprise’ is the Fed’s opinion on the current state of the economy, quant CEO says
by Amanda Gerut on September 17, 2025 at 8:33 pmThe Federal Reserve’s policy setup is “bullish for bonds, bearish for the dollar, and neutral for equities in the near term," according to TIAA Wealth Management’s chief investment officer.
- Jerome Powell warns there’s ‘no risk-free path’ to avoid stagflation: ‘We have a situation where we have two-sided risk’
by Nick Lichtenberg on September 17, 2025 at 8:21 pmThe Fed chair kept remarking on the current fix he's in, calling it "quite an unusual situation."
- Don’t hold your breath waiting for a lower mortgage rate or auto loan after the Fed cut, analyst says: ‘Unlikely to make a noticeable difference’
by The Associated Press on September 17, 2025 at 7:59 pmFor prospective homebuyers, the market has already priced in the rate cut, and steep auto loans aren't expected to decline anytime soon, experts say.
- Wall Street turns crypto bet loved by hedge funds into ETF bait
by Vildana Hajric, Bloomberg on September 17, 2025 at 5:24 pmThe basis trade comes for crypto and public markets.
- AI’s Goldilocks Problem: Powell, Huang, and Amodei Can’t Agree—And Gen Z’s Fate Lies in the Balance
by Nick Lichtenberg, Fortune Intelligence on July 14, 2025 at 6:00 pmDario Amodei, Jensen Huang, and Jerome Powell aren't equally bullish — or bearish — about AI. Will unemployment skyrocket to 20%, or will global GDP go up 7%?
- Caffeine may be just the workout booster you need. Here’s how to add it into your routine
by Ani Freedman on October 6, 2024 at 9:01 am“It’s a great performance enhancer,” one expert says. Here’s why it’s important to use the stimulant responsibly.