Category: Finance

Mortgage fraud is back in the news. Lisa Cook, a Federal Reserve governor, is being investigated by the Department of Justice for allegedly making false statements when applying for a mortgage. Members of Donald Trump’s Cabinet are accused of similar wrongdoings. Could any of these people go to prison? Mortgage fraud is not a new […]

The Federal Reserve is in a nearly impossible spot right now. Markets are expecting a quarter-point interest rate cut to a range of 4% to 4.25% when the Fed policy-setting committee concludes its latest meeting on Sept. 17, 2025. After all, the slowdown in the jobs market, as well as a massive revision to past […]

Republican-leaning economists tend to predict stronger economic growth when a Republican is president than Democrats do – and because of this partisan optimism, their forecasts end up being less accurate. I’m an economist, and my colleagues and I found this by analyzing nearly 40 years of responses to The Wall Street Journal’s Economic Forecasting Survey. […]

For the first time in U.S. history, there are more Americans over 62 than under 18. With the national workforce getting older every year, many economists argue that having people keep working longer than they used to would help maintain a robust labor market. But it can be hard for many older adults to stay […]

Databricks has secured a fresh $1 billion in funding, pushing its valuation beyond $100 billion, the company confirmed this week. The round was co-led by Thrive Capital and Insight Partners, both of which previously co-led Databricks’ $10 billion raise earlier this year. The San Francisco-based data and AI company reported an annual recurring revenue (ARR) […]

Since returning to office, President Donald Trump and his administration have waged a war on diversity, equity and inclusion efforts, including those of private businesses across the country. Trump fired the first shot on Jan. 21, 2025 – his first full day back in office – when he signed an executive order that denounced DEI […]

Many top-performing companies say they are committed to supporting women in the workplace, and there’s reason to believe most men want to be better allies to women as well. They just don’t know how. We are business professors who recently surveyed more than 400 managers about gender equity. We found that while men and women […]

People often say that a single spark can light a fire. In careers, that spark is often a person. It might be someone early in life who cracks open a door, offers encouragement, or quietly shows what success can look like. What’s less obvious is how profoundly that very first connection can shape everything that […]

If you didn’t know much about someone, would you lend them a whole lot of money? Probably not – and banks are the same way. That’s why people with no credit history often have trouble getting loans. Banks and credit bureaus look at people’s past borrowing to predict how likely they are to repay. And […]

If your morning can’t begin without coffee, you’re in good company. The world drinks about 2 billion cups of coffee a day. However, a European Union law might soon affect your favorite coffee beans – and the farmers who grow them. Starting in 2026, companies selling coffee on the European Union market will have to […]