Author: josh
What should feel like a bright, new beginning for early talent entering the job market is instead feeling pretty bleak. Take Aspen Bailey, for example. Aspen graduated in 2024 with two bachelor degrees: a B.S. in Data Science and a B.A. in Psychology. Over the course of two years, she submitted more than 1,400 job applications, out of which approximately 50 employers reached out to move forward with an interview. That’s less than 1%. “I felt very defeated when I was denied roles that I had high hopes for, especially the ones where I would make it to the final…
Europe in 2025 is walking a tightrope: It is the site of a major conflict between Russia and Ukraine, it is juggling its own autonomy while maintaining its special relationship with the power that is the United States, and it is working out how to ride the AI wave while keeping the technology in check. Leaders of Europe have tough choices ahead warned Croatia’s former president, Kolinda Grabar-Kitarović, on stage at Fortune Global Forum in Riyadh this weekend. Their decisions during this “inflection point,” she said, will determine whether the region sinks or swims. “This is the moment of taking…
At the Fortune Global Forum in Riyadh, Saudi Arabia’s Minister of Investment, Khalid A. Al-Falih, described the breakthroughs occurring under Vision 2030, the kingdom’s economic transformation plan that is roughly nine years old. Describing 2025 as a “pivotal moment,” the minister argued that “the very foundations of global business are being shaken, in a way, and being rewritten before our own eyes.” He described “tectonic shifts” in geopolitics, global trade, technology, supply chains, energy, even demographics, “all converging to reshape how companies and countries think and operate, how they compete and create value for their stakeholders.” In conversation with Fortune…
President Donald Trump’s extra 10% duty on Canada added fuel to the debate over his legal authority on trade, just as the Supreme Court is about to consider a challenge to his global tariffs. In a Truth Social post on Saturday, he blasted the Ontario provincial government for not immediately taking down a TV ad that features remarks from former President Ronald Reagan criticizing tariffs. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump wrote. He didn’t cite a specific…
OpenAI’s new ChatGPT Atlas browser may have just redrawn the map of the internet. By building AI directly into the browsing experience, Atlas transforms search into conversation and automation — a move that challenges Google’s dominance and puts Microsoft squarely in the fight.
The mystery donor who offered $130 million to pay troops during the government shutdown is Timothy Mellon, sources told The New York Times on Saturday. The extremely private billionaire is a top Republican backer and contributed $125 million to the Make America Great Again super PAC that supported Donald Trump during his presidential bid last year. Trump announced the anonymous donation on Thursday, declining to name the benefactor, only saying that the individual was a “patriot” and a friend. When asked about Mellon on Friday, Trump declined to identify him as the donor while speaking to reporters. He said the…
President Donald Trump said on Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10% because of an anti-tariff television ad aired by the province of Ontario. The ad used the words of former President Ronald Reagan to criticize U.S. tariffs, angering Trump who said he would end trade talks with Canada. Ontario’s Premier Doug Ford said he would pull the ad after the weekend, and it ran Friday night during the first game of the World Series. “Their Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World…
Vladimir Putin’s wartime economy has been resilient in the face of Western sanctions triggered by his invasion of Ukraine, but it’s hitting a wall and U.S. pressure on the energy sector could cause a recession, according to experts. Massive defense spending has propped up growth, kept factories humming, and pushed unemployment lower, while Moscow has relied on allies like China for goods no longer available from the West. “But the country has exhausted its reserves of manufacturing capacity and manpower,” Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center and former Russian central bank advisor, wrote in Foreign Affairs on…
Top U.S. and Chinese officials met in Malaysia on Saturday to lay the groundwork for a summit between Donald Trump and Xi Jinping, with some on Wall Street saying Beijing overplayed its hand by imposing draconian restrictions on rare earth exports. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held negotiations that the U.S. characterized as constructive. But sources told the Financial Times China was reluctant to ease the export controls. If Beijing refuses to budge and talks between Trump and Xi on Thursday don’t result in a deal to roll back export controls, U.S. tariffs on China…
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, nine-figure legal bill that far exceeds any reasonable amount the two may have needed for their defense, the bank said in a court filing late Friday. Chase shouldn’t have to pay and its agreement as part of the startup purchase to shoulder the costs should end, the bank argued. According to the filing, Javice’s team of lawyers across five law…