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The Latest Breaking News from Wharton

'AI killed the cover letter.' This Wharton economist says the hiring ritual's days are numbered

Let's be honest: You didn't spend hours researching and writing your cover letter. You used AI, and that's fine, because AI is going to read it anyway.

Fortune

Social Security has kept wealth inequality in check for decades. Trump's policies could deplete it in 6 years

Social Security’s insolvency would damage a $40 trillion buffer against a wider wealth gap.

Fortune

Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says

“One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” Kent Smetters of the Penn Wharton Budget Model told Fortune.

Fortune

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Not all degrees are a waste of time: MBA graduates from Harvard, MIT, and Wharton are making over $245,000 just three years after graduating

While many Gen Z college grads struggle in the job market, recent MBA graduates from Harvard and MIT are pulling in close to a quarter of a million dollars.

Fortune

Gen Z believes using AI is making their colleagues dumb and lazy, but may paradoxically see it as key to their own promotion, Wharton says

Nearly 80% of Gen Z believes AI is making people lazier, but the young generation has increased how much they’re using the technology, a Wharton-led survey finds.

Fortune

Welcome to the ‘skills mismatch economy’: The shift from roles to skills is making your résumé—and your job title—worthless

Wharton and Accenture partnered on a huge “skills index” that crunched data on 100 million job postings. They found a “striking and persistent disconnect.”

Fortune

'Artificial stupidity' made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals

AI bots told to act as trading agents in simulated markets engaged in pervasive collusion, raising new questions about how financial regulators have previously addressed this tech.

Fortune

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Why generative AI went from risk to business imperative at U.S. companies

Research shows adoption, investment, and usage rates for generative AI are accelerating.

Fortune

Executives Are Going All In On AI

Wall Street might be wondering if the "AI trade" is running out of steam, but corporate America clearly hasn't gotten the memo.

Benzinga

Federal Reserve's Next Move Is '50/50 Toss-Up': Jeremy Siegel Says Powell Corrected Market Expectations

Following the Federal Reserve‘s recent rate cut, Wharton finance professor Jeremy Siegel says the odds of another cut in December are now a "50/50 toss-up." However, he still expects the SP 500 to reach the 7,000 mark by year’s end.

Benzinga

The Great Fed Pivot Is Here—Jeremy Siegel Backs Sub-3% Rates Ahead

The Federal Reserve's long-awaited pivot toward easing monetary policy is almost here, with a September interest-rate cut now "a near certainty", according to Jeremy Siegel, Wharton professor emeritus and WisdomTree chief economist.

Benzinga

Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’

While UBS’s Paul Donovan told clients the attempt was “completely unprecedented,” Wharton’s Jeremy Siegel argued her ousting adds “noise but little substance” compared with the Fed’s longer-term policy pivots.

Fortune

Trump says tariffs are going to be enough to pay down national debt. They likely won’t even touch the sides

In exclusive interviews with Fortune, Wharton professor Joao Gomes and AEI’s Desmond Lachman warned that while tariffs may slow debt growth, they won’t meaningfully reduce it.

Fortune

'Artificial stupidity' made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals

AI bots told to act as trading agents in simulated markets engaged in pervasive collusion, raising new questions about how financial regulators have previously addressed this tech.

Fortune

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Tom’s Hardware

Researchers find automated financial traders will collude with each other through a combination of 'artificial intelligence' and 'artificial stupidity'

Researchers at Wharton and the Hong Kong University of Science and Technology have a working paper detailing the ways automated tools that rely on reinforcement learning can end up colluding with each other.

Fortune

'Addictive' tariffs are here to stay, warns Wharton professor, even if Democrats win the next election

"Democrats will be addicted to [tariffs] as Republicans—or are as likely to be," Professor Joao Gomes said.

Fortune

Powell won’t cut interest rates on Wednesday, Wharton’s Jeremy Siegel says. He suspects attacks on the Fed chair will escalate

“Powell is not going to do anything,” Siegel said in an interview. “Trump, I think, is going to step up the escalation,” he said later.

Fortune

Wharton is set to offer an MBA major in AI—and that has implications for CFOs

"Artificial intelligence will fundamentally alter every aspect of business and society,” according to Wharton Dean Erika James.

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Fortune

OpenAI largest deployment ever gives ChatGPT access to half a million California State University students

Nearly 500,000 students are getting access to ChatGPT to use with coursework and research.

Fortune

Exclusive: ChatGPT is creating “absolute chaos” in education. OpenAI and Wharton are teaming up to educate teachers about using gen AI effectively

OpenAI and the Wharton School created a new course to help educators understand how to harness generative AI in the classroom.

Fortune

‘No longer the only woman in the room’: MBA gender gap closing at top business schools

Women make up 42% of MBA students, and top schools like Northwestern, Duke, and WashU reached gender parity this year.

Salon

Harris flustering Trump makes great TV

Apparently, people are out there just eating cats and stuff? Harris' reactions to Trump at the debate launch memes

Fortune

Northwestern, Columbia, and UPenn are home to the best executive MBA programs. Did your school make our list?

Fortune’s latest executive MBA ranking finds that M7 schools continue to be among the top spots for business career advancement.

Fortune

FOMO still ‘ruling the market’ says Wharton’s Jeremy Siegel, as investors hold out for an elusive rate cut to boost prospects

Jeremy Siegel, emeritus professor at the University of Pennsylvania, wrote tech innovations like Nvidia are continuing to "capture the imagination" of the market.

International Business Times UK

Charlie Javice: Entrepreneur Who Defrauded JPMorgan Of Millions Pleads Not Guilty, Out On $2M Bail

Charlie Javice was rapidly climbing the ladder of success with the mentality of "fake it till you make it" until JPMorgan unearthed a grand deception and decided to press charges against her.

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