Fortune
Putin finally admits Russia’s economy is in trouble and grasps for answers, after warnings about a financial crisis have been piling up
Russia's economic facade is cracking, with Putin acknowledging GDP contracted 1.8% across January and February as manufacturing, industrial production, and construction all posted negative figures. The admission marks a notable shift for a leader who has spent years projecting economic resilience despite sweeping Western sanctions. With no clear remedies in sight, the concession signals that the financial strain of sustaining a prolonged war effort is becoming impossible to paper over.
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Fortune
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
Despite massive corporate investment in artificial intelligence, a significant survey of CEOs reveals the technology has yet to move the needle on employment or productivity. The findings have economists dusting off Robert Solow's famous 1980s paradox, in which widespread computer adoption failed to show up in productivity data. History may be rhyming: transformative technology often takes years — sometimes decades — to reshape how work actually gets done.
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Fortune
Parents are so panicked about the job market they’re paying career coaches $15,000 years before their kids graduate from college
High-end career coaches are charging families up to $15,000 to begin grooming college students for employment as early as sophomore year, as a brutal job market for new graduates drives parental anxiety to new heights. The trend reflects a growing belief that four years of higher education alone is no longer enough to secure a foothold in competitive industries. For the coaches capitalizing on this fear, the business model is simple: sell certainty to parents who can afford to buy it.
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