I have been reflecting on my career. If you had asked me 10 years ago where I saw myself in 10 years, I would not have been able to describe my career as it is today. I find that beautiful.

As I reflect, I've identified several things that’ve served me well, and I'd like to share them with you. Let us call them the career progression principles. I would love to know which principles you would add to this list.

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Recently, Walmart announced that it will have to increase its prices due to the tariff wars. This announcement received a harsh response from President Trump, who demanded that Walmart "Eat the Tariff." At the same time, Home Depot has announced that it will not change its prices.

Today, I would like to talk about which companies will be able to “eat the tariffs” and which will pass them on as price hikes. Whatever companies decide, it will hurt consumers. I will cover that at the end.

Navigating college can be tough. Kyah shares with us how one student's encouragement to attend Econ Club helped her build community. Must listen for all soon to be graduates.

My mentor reminds me often that my job is to create value for my organization and the people around me. The value I choose to create will vary across responsibilities and situations, but ultimately, my job is to improve the world. The same is true for you.

The challenge many professionals face isn't just creating value—it's ensuring that value is recognized and properly compensated. This brings us to an important economic concept that can help frame how you think about your value and contributions to your organization.

Jerome Powell, the Federal Reserve Bank chair, recently reported that the U.S. economy is at risk of experiencing slowing growth coupled with persistent inflation. This economic predicament is what economists call stagflation—a stagnating economy that simultaneously faces rising prices.

Powell's candid assessment was met with sharp rebuke and even threats of termination from the administration. This political pressure comes at a critical moment when the Supreme Court is evaluating whether the president can fire chairs of independent agencies, including the Federal Reserve. The timing couldn't be more consequential for our economic stability.

In an increasingly competitive and uncertain job market, the difference between those who thrive and those who merely survive often comes down to one factor that business schools rarely teach—building and maintaining your professional support network. Over decades of mentoring, I've observed hundreds of careers. I've identified a clear pattern: those who intentionally build what I call a "hype team" consistently outperform equally talented peers who try to navigate their careers alone.

But, how do you develop this team?

Learn more here.

The current administration is breaking all of its policy rules when it comes to eggs. Their new approach can teach us a lot about the role of government and remind us why government is important.

The market has seen a 50% surge in egg prices due to an avian influenza outbreak. In response, the federal government plans to introduce a five-pronged strategy.