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News
Trump's grand plan to put American workers first may be backfiring, as U.S.-born unemployment rises and wage growth stalls
1+ hour, 6+ min ago (490+ words) The drop in foreign-born unemployment is relatively easy to explain, Zandi tells Fortune: The immigrant labor force is shrinking because of White House policy, and unemployment for the demographic is relatively lower as a result. The rise in native-born unemployment…...
Jimmy Wales: 'AI can generate answers. It still can't earn trust"
1+ hour, 36+ min ago (1741+ words) The man behind the world’s largest digital encyclopedia talks to Fortune Greece, republished with permission. At a time when information is becoming increasingly “easy,” Jimmy Wales insists that understanding remains a deeply human process—one of the most hopeful messages…...
Microsoft exec on Southern Europe???s big AI moment: skills??? not technology??? will determine who leads the region???s AI future
1+ hour, 36+ min ago (268+ words) This is a conversation with Fortune Greece CEO Tasos Zachos, reprinted with permission. In Southern Europe, this transition is already underway. Greece, Portugal, Italy and other markets in the region are trying to move from simply adopting AI tools to…...
Scott Bessent fired a currency bazooka, but global finance still looks like a 'giant Jenga tower' propped up by a Japanese yen that's in deep trouble
10+ hour, 46+ min ago (638+ words) The first U.S.-Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much to ease anxiety in currency markets. Treasury Secretary Scott Bessent’s notepad suggested the U.S. bought $5 billion-$10 billion worth of yen,…...
Harvard fund discloses $2.2 billion stake in Musk???s SpaceX
10+ hour, 14+ min ago (229+ words) Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, showing how the university’s endowment has profited from an early bet on Elon Musk’s giant rocket company. Harvard reported it holds the position in its 13F filing on Friday, revealing it’s one…...
Seven ways college students can manage their finances??? because money decisions impact financial security when starting a first job after graduation
9+ hour, 58+ min ago (975+ words) Heading off to college is exciting, but it also involves new adult responsibilities. That makes it a great time to start getting comfortable with credit, building healthy spending habits and learning how to manage money. It’s important for all students…...
Alibaba AI models hit 3 billion downloads, passing Meta, Google
10+ hour, 27+ min ago (246+ words) Alibaba Group Holding’s open-weight models have accumulated more than 3 billion global downloads in the past six months, eclipsing Meta Platforms Inc., Alphabet Inc. and domestic peers to become the world’s No. 1 artificial-intelligence model. Qwen along with Moonshot AI Inc, DeepSeek…...
'I???ll never apologize'??? Trump brushes off Iran war's impact on oil prices and calls aircraft carrier's 240+ days at sea 'not nearly long enough"
13+ hour, 25+ min ago (663+ words) President Donald Trump on Friday downplayed the toll on American sailors enduring nearly nine months at sea on the USS Abraham Lincoln as concerns escalated about mental health and supply issues aboard the aircraft carrier supporting U.S. operations against Iran. In…...
Trump administration tells Supreme Court that ballroom construction must go on despite order to stop, citing recent missile threat on Air Force One
13+ hour, 2+ min ago (630+ words) President Donald Trump’s administration on Friday asked the U.S. Supreme Court to allow the White House to continue construction on its $400 million ballroom project while it appeals a lower court’s order to halt the work. Trump’s solicitor general petitioned the…...
Tariff refunds are juicing corporate profits and GDP, as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says
13+ hour, 58+ min ago (419+ words) The Trump administration has returned more than $100 billion to U.S. businesses and importers that paid his global tariffs, and the money is quickly heating up the economy. The refunds are already boosting bottom lines, and 40 companies in the S&P 500 have…...