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The Latest Breaking News from Wharton

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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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.

Tom’s Hardware

'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.

Fortune

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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.

Fortune

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

Salon

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.

Fortune

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.

International Business Times UK

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Fortune

Wharton’s Jeremy Siegel says the Dow could surpass 40,000—if the Fed doesn’t get in the way

If the Fed doesn't cut interest rates in January, they may have to lower it in their March meeting, Siegel said.

Fortune

With the stock market in 'striking distance' of all-time high, Wharton's Jeremy Siegel warns the only thing that can derail it is Jerome Powell

"The primary risk that could knock us off course is a Federal Reserve that remains fixated on inflation fears."

The Guardian - UK

Is AI more creative than the human brain? I doubt it – and I definitely want humans to stay in charge

Businesses keep trying to prove AI’s superior creativity, but haven’t proved it can compete with human inspiration, says writer Stefan Stern

Fortune

Implementing AI in your business requires following the 80/20 rule of ‘fluid’ organizations

A new report explores the impact of AI on a company's operating model.

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USA Today Sports Media Group

4-star edge Booker Pickett names top schools

Who are four-star edge rusher Booker Pickett's top schools?

Zenger

Inflation Figures For June Put Stocks In The Ideal Environment

New Highs Amid 'Goldilocks' Scenario: of lower inflation, a stronger economy, good guidance, and good profits

Fortune

Jeremy Siegel says we are in a 'Goldilocks economy' and the Fed doesn't need to raise interest rates anymore

“It’s a Goldilocks economy—strong economic growth and falling inflation,” the veteran market watcher told CNBC Friday.

Fortune

'YOLO' spenders are propping up the economy a Wharton professor believes

"Once a weakening in the economy kicks in, it could come fast."

Fortune

Adam Grant urges leaders demanding office returns to not ‘mistake presence for performance’

Wharton professor Adam Grant warned executives against conflating office attendance with genuine productivity gains.

Fortune

One of the top stock watchers alive called the big S&P 500 comeback this year—and now he sees a ‘mild recession’ by the holidays

Wharton’s Jeremy Siegel warns that stocks will have a rough second half of the year and he “wouldn’t be surprised” if the long predicted downturn arrived.

Fortune

A.I. boom in tech is 'not a bubble yet,' says Jeremy Siegel

Rosy guidance from chipmaker Nvidia last week helped spark the third-largest single-day jump in market value in U.S. history.

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