UAE in talks with U.S. for possible financial lifeline, WSJ says
The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported,…
Finance
8 children between the ages of 1 and 14 are dead after a Louisiana shooting that was ‘unlike anything most of us have ever seen,’ police say
A gunman in Louisiana killed eight children and shot two other people Sunday in an early morning attack of domestic violence carried out across two houses, a mass shooting that…
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the Information Age: Following the advent of transistors, microprocessors, integrated circuits, and memory…
Gen Z is ‘Chinamaxxing’—and it’s less a love letter to Beijing than an indictment of America
The American century — a phrase coined by Fortune founder Henry Luce — had a soundtrack. It was Chuck Berry on the radio and Coca-Cola in the cooler, Levi’s jeans,…
For wealthy buyers, Mar-a-Lago’s security perimeter is Palm Beach’s hottest amenity
Mar-a-Lago has become one of Florida’s buzziest mansions since President Donald Trump purchased the sprawling 62,500-square-foot estate and private club in 1985. Every time the president visits, the cameras follow.…
Parents are so panicked about the job market they’re paying career coaches $15,000 years before their kids graduate from college
Career coaches often tell college students to start looking for jobs months before turning the tassel. But in an increasingly brutal job market, some parents are planning years ahead of…
‘The current system right now is unsustainable’: top economist sees a crucial crack in the economy
Home healthcare workers make up less than 3% of the total jobs, but KPMG senior economist Matthew Nestler sees reason to pay attention—and reason to be concerned. “The current system…
The economist who was terrified of AI just found a rare reason for hope
Alex Imas didn’t arrive at optimism easily. The University of Chicago economist economist occupies an unusual space in being one of the leading researchers on AI’s labor market impact, but…
The one metric Warren Buffett says can crash the stock market just hit a dizzying new high
In the December 10, 2001 issue of Fortune, Warren Buffett wrote a landmark 7-page article that introduced a crucial market metric that became renowned as the “Buffett Indicator.” The Great…
Trump speeds review of psychedelics after Joe Rogan texted him about ibogaine. ‘Sounds great. Do you want FDA approval? Let’s do it’
President Donald Trump on Saturday directed his administration to speed up reviews of certain psychedelic drugs, including ibogaine, which recently has been embraced by combat veterans and conservative lawmakers despite…