Niamh Rowe

New York

Associate Producer and Reporter at Financial Times

Formerly @ft @fortunemagazine | Work in: @wired @guardian @gq @semafor @qz @thedailybeast @dazed etc

Articles

There are nearly 500,000 more home sellers than buyers right now

1 week ago | qz.com | Niamh Rowe

The U.S. housing market has undergone an unprecedented shift: Sellers now outnumber buyers by approximately 490,000. Suggested ReadingHow Trump’s tariffs could make your iPhone cost $3,500Suggested ReadingIt’s the largest disparity since Redfin, a real estate company, began tracking the data in 2013. Redfin’s report, published Thursday, forecasts that if current trends persist, home prices could decline by 1% by the end of 2025, on average.
Powell visits Trump at the White House - and says the Fed will do its own thing on interest rates

1 week ago | yahoo.com | Niamh Rowe

Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump today at the White House to discuss the state of the economy. Powell used the meeting to remind the president of the Fed’s independence when it comes to setting interest rates, according to a statement by the central bank.
JD Vance wants the Bitcoin community to get involved in politics

1 week ago | flipboard.com | Niamh Rowe

You have to believe in bitcoin for it to work. You could hardly expect President Donald Trump to hear about something called an “infinite money glitch” and not want to try it. Eric Trump announced at a crypto conference in Las Vegas this week that the family business is raising $2.5 billion from …
JD Vance wants Bitcoin community to get involved in politics

1 week ago | qz.com | Niamh Rowe

U.S. Vice President JD Vance has a message for cryptocurrency holders: “Don’t ignore politics.”Suggested ReadingHow Trump’s tariffs could make your iPhone cost $3,500Suggested ReadingVance issued the call to arms during his keynote speech at the Bitcoin 2025 conference in Las Vegas, Nevada. “I guarantee you, my friends, politics is not going to ignore this community, not now, and not in the future,” he added.
AI could wipe out some white-collar jobs and drive unemployment to 20%, Anthropic CEO says

1 week ago | qz.com | Niamh Rowe

In This StoryAnthropic’s CEO Dario Amodei has issued a stark warning: Artificial intelligence could eliminate up to half of all entry-level white-collar jobs, pushing U.S. unemployment to 10–20% within the next one to five years. Suggested ReadingHow Trump’s tariffs could make your iPhone cost $3,500Suggested ReadingIn an interview with Axios on Thursday, Amodei called on the U.S. government and the tech industry to stop downplaying the scale of disruption on the horizon.
AI could wipe out some white-collar jobs and drive unemployment to 20%, Anthropic CEO says

1 week ago | yahoo.com | Niamh Rowe

Anthropic’s CEO Dario Amodei has issued a stark warning: Artificial intelligence could eliminate up to half of all entry-level white-collar jobs, pushing U.S. unemployment to 10–20% within the next one to five years. In an interview with Axios on Thursday, Amodei called on the U.S. government and the tech industry to stop downplaying the scale of disruption on the horizon.
Chevron layoffs will hit 800 workers in Texas

1 week ago | qz.com | Niamh Rowe

In This StoryChevron (CVX) plans to let go of nearly 800 employees in Texas, according to a notice sent Wednesday to the Texas Workforce Commission. Suggested ReadingHow Trump’s tariffs could make your iPhone cost $3,500Suggested ReadingThe layoffs, scheduled to take effect on July 15, will occur in Midland County, where Chevron maintains significant operations in the Permian Basin — the largest oil-producing region in the United States.
China is cracking down on IPOs. What's behind it?

1 week ago | qz.com | Niamh Rowe

In This StoryShein appears to be abandoning its hopes for a flotation in London. The fast-fashion retailer is reportedly preparing to list on the Hong Kong stock exchange as its application to launch an initial public offering on the London Stock Exchange stalls with Chinese regulators, Reuters reported Wednesday. While Shein is headquartered in Singapore, it was founded in China, where the majority of its suppliers remain.
U.S. homeowners and buyers are the most uncertain about the market since 2023: survey

1 week ago | qz.com | Niamh Rowe

In This StoryUncertainty among homeowners and buyers is at a three-year high, according to Bank of America’s (BAC) Homebuyer Insights Report published Wednesday. Suggested ReadingHow Trump’s tariffs could make your iPhone cost $3,500Suggested ReadingOf the survey’s 2,000 respondents nationwide, 60% said they are unsure whether now is a good time to buy, compared to 48% in 2023.
Abercrombie & Fitch shares jump 25% as quarterly sales beat estimates

1 week ago | qz.com | Niamh Rowe

In This StoryAbercrombie & Fitch (ANF) shares traded 25% higher on Wednesday morning after the clothing retailer posted better-than-expected results for the first quarter. Suggested ReadingHow Trump’s tariffs could make your iPhone cost $3,500Suggested ReadingAbercrombie announced quarterly net sales of $1.10 billion for the quarter, beating analysts’ estimate of $1.07 billion, as per data compiled by LSEG.