Private credit funds promise investors access to their money, but that promise can be difficult to keep when many people want to cash out at once.

Itay Goldstein, Wharton Professor of Finance, explains why private credit funds that invest in illiquid assets can face a dangerous mismatch between investor redemptions and the cash they have available. He discusses the recent pressure on funds with exposure to software companies, how concerns about AI have affected investor sentiment, and why declining inflows can magnify a liquidity crunch.

Goldstein also explores what funds mean when they describe themselves as liquid, the risks of offering semi-liquid products to retail investors, and how clearer product design could help investors better understand when and how they can access their money.

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The best opportunities at work do not always go to the most qualified person.

Judd Kessler, Howard Marks Endowed Professor and Wharton Professor of Business Economics and Public Policy, explores the hidden rules that determine who gets scarce workplace resources, from a manager's attention to high-profile assignments and professional development. He explains how employees can better navigate these systems and how leaders can design rules that are more equitable and effective.

The conversation also highlights Lucky by Design: How to Navigate Hidden Markets, a Wharton Executive Education course taught by Kessler that applies these ideas to real workplace decisions. Learn more at Wharton Executive Education.

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Can the United States build enough power infrastructure to sustain the AI boom?

Serguei Netessine, Wharton's Senior Vice Dean for Innovation and Global Initiatives, examines the unprecedented electricity demand created by AI data centers and hyperscalers. He explains how rapid growth in computing power is testing an aging grid, reshaping infrastructure investment, and raising urgent questions about energy policy.

Netessine also explores the potential role of energy storage, flexible computing, utility regulation, and industrial electricity pricing. He considers what happens when data centers build their own power supply and why coordinated action is essential for the United States to remain competitive in AI.

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Back-to-school shopping is more than a checklist; it is a ritual shaped by identity, nostalgia, family decisions, and economic pressure.

Patti Williams, an associate professor of marketing at the Wharton School, explains why the back-to-school season matters so much to parents, students, retailers, and manufacturers. She discusses how families make purchasing decisions, why this shopping period feels emotionally meaningful, and how retailers prepare for one of the most reliable moments on the retail calendar.

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Consumers are still spending, but their priorities are changing.

Barbara Kahn, Patty and Jay H. Baker Professor of Marketing at the Wharton School of the University of Pennsylvania, explains why retail sales remain resilient despite inflation and economic uncertainty.

She explores the growing demand for value, wellness, and memorable experiences, the challenges facing aspirational luxury brands, and the uneven performance of shopping malls. Kahn also discusses how retailers can respond to changing consumer behavior while managing inventory, debt, costs, and expansion.

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What do successful retailers do when the strategies that once fueled their growth stop working?

Wharton Professor Marshall Fisher discusses how successful retailers adapt when traditional growth opportunities begin to disappear. Drawing on research into the strategies of Costco, Walmart, and Dillard’s, he explains why retailers move through different phases of growth, from opening new stores to expanding online and cutting costs. He also explores why companies need to resist the temptation to force growth and instead focus on growing revenue faster than costs.

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Jerry Wind, Lauder Professor Emeritus and Professor of Marketing at the Wharton School, joins Dan Loney to discuss how political polarization in the United States has evolved beyond traditional party lines into a deeper ideological divide. Drawing from a marketing and segmentation perspective, Jerry explores why the country is increasingly defined by pro Trump and anti-Trump alignment rather than Democrat versus Republican identity, and how media organizations continue relying on outdated frameworks to report on political behavior.

The conversation also examines the role of media, social platforms, education, and institutional trust in shaping public discourse, along with the broader societal implications of polarization, ideological segmentation, and modern political communication.

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