Marketplace Minute
The Marketplace Minute® has concluded production as of July 2024. The economy is changing so fast. It’s hard to keep up. Get the latest on what’s happening in the economy right now with two-times-a day briefings from Marketplace. More than just the numbers, we bring you the highlights from the most important stories about money, business and the economy. Subscribe to the Marketplace Minute® wherever you get your podcasts or add it to your Alexa flash briefing.
Fri, July 12, 2024
Consumer sentiment declines
Consumers feel frustrated with inflation; Surveyed economists think inflation would worsen under Donald Trump; Dollar General reaches a safety settlement.
Fri, July 12, 2024
Wholesale inflation rose in June, even as consumer prices fell
The producer price index increased 0.2%; economists worried Trump will worsen inflation, WSJ survey finds; PepsiCo, Conagra signal limits to price increases; IMF predicts Fed rate cuts by end of year.
Thu, July 11, 2024
Higher prices eat into snack sales
Markets close mixed; PepsiCo blames “price conscious” shoppers for falling sales; Mortgage rates tick down; GM will retool a Michigan plant for EVs, with federal help.
Thu, July 11, 2024
Consumer prices decline for the first time in four years
The consumer price index fell 0.1% between May and June; initial jobless claims remain low at 222,000; Biden administration to distribute $1.7 billion to modernize old auto plants; Apple to open Apple Pay to competitors in two weeks.
Thu, July 11, 2024
Consumer prices decline for the first time in four years
The consumer price index fell 0.1% between May and June; initial jobless claims remain low at 222,000; Biden administration to distribute $1.7 billion to modernize old auto plants; Apple to open Apple Pay to competitors in two weeks.
Wed, July 10, 2024
Powell says rate decisions won’t be influenced by the election
Stocks close higher; Powell says the election won’t impact rate decisions; Wholesale inventories rise; Intuit pivots to AI.
Wed, July 10, 2024
Powell says rate decisions won’t be influenced by the election
Stocks close higher; Powell says the election won’t impact rate decisions; Wholesale inventories rise; Intuit pivots to AI.
Wed, July 10, 2024
Biden administration imposes new steel, aluminum tariffs
The tariffs cover steel and aluminum shipped from Mexico, but made elsewhere; Powell opens door to interest rate cuts; Microsoft leaves OpenAI board; Samsung workers in South Korea go on strike.
Wed, July 10, 2024
Biden administration imposes new steel, aluminum tariffs
The tariffs cover steel and aluminum shipped from Mexico, but made elsewhere; Powell opens door to interest rate cuts; Microsoft leaves OpenAI board; Samsung workers in South Korea go on strike.
Tue, July 09, 2024
Powell testifies before Congress
Markets mixed; Powell says labor market has cooled; Drug middlemen under fire; Non-alcoholic beer brand doubles in value.
Tue, July 09, 2024
Powell testifies before Congress
Markets mixed; Powell says labor market has cooled; Drug middlemen under fire; Non-alcoholic beer brand doubles in value.
Tue, July 09, 2024
Small business owners are a bit more optimistic
A measure of small business optimism hit its highest point of the year in June; Hurricane Beryl leaves Texas oil infrastructure largely unscathed; Purdue Pharma creditors ask for authorization to sue Sackler family members; Boeing 737 planes to be inspected for potential faulty oxygen mask systems.
Tue, July 09, 2024
Small business owners are a bit more optimistic
A measure of small business optimism hit its highest point of the year in June; Hurricane Beryl leaves Texas oil infrastructure largely unscathed; Purdue Pharma creditors ask for authorization to sue Sackler family members; Boeing 737 planes to be inspected for potential faulty oxygen mask systems.
Mon, July 08, 2024
Stocks extend run
Markets hit new highs; Markets anticipate inflation data; Corning pops on AI strength; TSA screens record number passengers.
Mon, July 08, 2024
Stocks extend run
Markets hit new highs; Markets anticipate inflation data; Corning pops on AI strength; TSA screens record number passengers.
Mon, July 08, 2024
Boeing is set to plead guilty to criminal fraud
Boeing deal covers conduct before Max crashes; Texas ports, oil platforms close as Hurricane Beryl strikes; Skydance, Paramount agree to merger; France, Britain elect left-leaning leaders promising economic improvements.
Mon, July 08, 2024
Boeing is set to plead guilty to criminal fraud
Boeing deal covers conduct before Max crashes; Texas ports, oil platforms close as Hurricane Beryl strikes; Skydance, Paramount agree to merger; France, Britain elect left-leaning leaders promising economic improvements.
Fri, July 05, 2024
Unemployment ticks up
Markets hit new highs; Unemployment rose to 4.1% in June; Fed report emphasizes independence; Air travel complaints rise.
Fri, July 05, 2024
Unemployment ticks up
Markets hit new highs; Unemployment rose to 4.1% in June; Fed report emphasizes independence; Air travel complaints rise.
Fri, July 05, 2024
There’s a bit less sizzle in the labor market
The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marcus Group.
Fri, July 05, 2024
There’s a bit less sizzle in the labor market
The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marcus Group.
Wed, July 03, 2024
Fed to wait and see on inflation
Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on.
Wed, July 03, 2024
Fed to wait and see on inflation
Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on.
Wed, July 03, 2024
Lower travel costs mean we’ll be doing more of it this Fourth of July
A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May.
Wed, July 03, 2024
Lower travel costs mean we’ll be doing more of it this Fourth of July
A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May.
Tue, July 02, 2024
Fed guarded on rate cut
Markets hit new highs; Fed Chair says more cooling needed before rate cut; Google’s emissions grew 50% since 2019; FTC blocks mattress deal.
Tue, July 02, 2024
Fed guarded on rate cut
Markets hit new highs; Fed Chair says more cooling needed before rate cut; Google’s emissions grew 50% since 2019; FTC blocks mattress deal.
Tue, July 02, 2024
U.S. employers increased job openings
Job openings rose to 8.1 million; American Airlines pledges to buy hydrogen-electric engines; Redbox parent company files for bankruptcy protection; Google to require ID of political ads that use AI content.
Tue, July 02, 2024
U.S. employers increased job openings
Job openings rose to 8.1 million; American Airlines pledges to buy hydrogen-electric engines; Redbox parent company files for bankruptcy protection; Google to require ID of political ads that use AI content.
Mon, July 01, 2024
SCOTUS skeptical on social media constraints
Markets up; SCOTUS asks lower courts to review Florida and Texas social media laws; Manufacturing contracts again; Roaring Kitty sued.
Mon, July 01, 2024
SCOTUS skeptical on social media constraints
Markets up; SCOTUS asks lower courts to review Florida and Texas social media laws; Manufacturing contracts again; Roaring Kitty sued.
Mon, July 01, 2024
Property insurance companies are facing lower costs
Global reinsurance rates are declining, which could save home insurers money; Boeing to recombine with Spirit Aerosystems; California law to take effect in effort to track gun purchases; major banks hike dividends after passing Fed stress tests.
Mon, July 01, 2024
Property insurance companies are facing lower costs
Global reinsurance rates are declining, which could save home insurers money; Boeing to recombine with Spirit Aerosystems; California law to take effect in effort to track gun purchases; major banks hike dividends after passing Fed stress tests.
Fri, June 28, 2024
Supreme Court curbs regulators
Markets slip; Supreme Court curtails federal agencies; Nike takes a hit; Tractor Supply ditches DEI.
Fri, June 28, 2024
Supreme Court curbs regulators
Markets slip; Supreme Court curtails federal agencies; Nike takes a hit; Tractor Supply ditches DEI.
Fri, June 28, 2024
Inflation cooled in May
The Fed’s preferred inflation gauge shows 2.6% annual gain, getting closer to the target 2%; inflation, economy were big topics in last night’s debate, with both Trump and Biden claiming successes; debate response muted in overseas markets; federal judge levies nearly $5 billion in antitrust damages against NFL.
Fri, June 28, 2024
Inflation cooled in May
The Fed’s preferred inflation gauge shows 2.6% annual gain, getting closer to the target 2%; inflation, economy were big topics in last night’s debate, with both Trump and Biden claiming successes; debate response muted in overseas markets; federal judge levies nearly $5 billion in antitrust damages against NFL.
Thu, June 27, 2024
Supreme Court rules on opioid settlement, SEC powers
Markets inch up; Supreme Court throws wrench in Purdue Pharma bankruptcy; SEC powers limited; another AI lawsuit.
Thu, June 27, 2024
Supreme Court rules on opioid settlement, SEC powers
Markets inch up; Supreme Court throws wrench in Purdue Pharma bankruptcy; SEC powers limited; another AI lawsuit.
Thu, June 27, 2024
A number of economic indicators are pointing to a lull
Business investment in new capital goods fell in May; continuing jobless claims rose to the highest level in almost three years; Q1 GDP growth revised higher, but still slow; Boeing sanctioned over release of Max investigation details.
Wed, June 26, 2024
Amazon is now in the $2 trillion club
Markets finish up; Amazon joins an exclusive club; Supreme Court rules for Biden; home sales slump.
Wed, June 26, 2024
An ongoing cyber attack likely dented auto sales, industry report says
June auto sales are forecast to be down as much 7%; higher interest rates and crushing debt causes chaos in Kenya; union representing film, TV crews reached labor deal with Hollywood studios; Verizon bundles streaming services to hang onto cable internet customers.
Tue, June 25, 2024
Consumer confidence takes slight dip
Another muddled day for Wall Street; consumer confidence weakens; Tesla and Ford issue recalls; Google’s self-driving cars expand in San Francisco.
Tue, June 25, 2024
Airline passenger volumes are hitting new records
Busy July Fourth air travel to kick off strong summer; global workforce still quitting for greener pastures; home prices continue to climb; Spain removes tax on olive oil, in inflation fight.
Mon, June 24, 2024
Record labels sue AI music companies
Mixed bag for Wall Street; RIAA alleges copyright infringement by AI; fast-fashion giant Shein may relocate IPO out of U.S.; Ozempic plant to open in North Carolina.
Mon, June 24, 2024
The Federal Reserve is testing banks’ ability to withstand economic shocks
The Fed is scheduled to release the results of its annual bank stress tests on Wednesday; the European Union is charging Apple with antitrust violations; the Treasury Department is creating a new affordable housing fund; more U.S. car dealerships say they’re being impacted by a cyberattack.
Fri, June 21, 2024
Existing home prices hit a record
Stocks close mostly down; The median price of existing homes keeps climbing; Four major banks need to revise their “living wills; Jet fuel production rises amid the summer travel season.
Fri, June 21, 2024
U.S. economy appears to be on solid ground
S&P Global’s flash PMI reading hits 26-month high; TikTok strikes back at U.S. divestiture law; China asks Visa, Mastercard to lower fees; campaign donations poured into presidential race in May.
Thu, June 20, 2024
Housing starts drop to a four-year low
Markets close mixed; New housing construction drops to the lowest level since 2020; TikTok argues against a ban in court; Car dealerships grapple with a software outage.
Thu, June 20, 2024
Nvidia is now the world’s most valuable public company
The chipmaker’s market value surpasses Microsoft’s; Russia’s Putin signs trade deals with Vietnam; Supreme Court upholds tax on foreign investments; OpenAI founder Sutskever starts new A.I. company, promising safety focus.
Tue, June 18, 2024
EV startup Fisker files for bankruptcy
Stock markets rise; manufacturing output goes up; EV startup Fisker goes bankrupt; Nvidia becomes world’s most valuable company.
Tue, June 18, 2024
Consumers snap shut their wallets
The Commerce Department says retail sales last month rose just a tenth of a percent last month; New York Fed Chair John Williams says the economy is moving in the right direction; another whistleblower for Boeing; a new poll shows about half of Americans say it’s extremely or very important for the government to provide debt relief for medical bills.
Mon, June 17, 2024
Nasdaq, S&P 500 hit record highs
Stocks climb to new heights; The Justice Department sues Adobe; China launches a retaliatory investigation into European pork imports; Ultium workers ratify a new contract..
Mon, June 17, 2024
An encouraging report on manufacturing
The New York Fed’s June Empire State Manufacturing Survey is out this morning; Minneapolis Fed President Neel Kashkari says predictions the Federal Reserve won’t cut interest rates until December are “reasonable;” the U.S. surgeon general calls for a warning label on social media; Disney estimates the new “Inside Out 2” film made $155 million.
Fri, June 14, 2024
Consumer sentiment slips
Markets mostly flat; Consumer sentiment down again; Congressional inquiry into Boeing; Cava shares grew 300% in first year.
Fri, June 14, 2024
Import prices provide another encouraging inflation sign
Import prices in May fell 0.4%; U.S. manufacturers and labor group urge quicker China import tariffs; possible fake titanium used in Airbus, Boeing planes, The New York Times says.
Thu, June 13, 2024
Tesla shareholders vote
Markets mixed; Tesla shareholders likely approve Elon Musk’s pay package; SCOTUS ruling could affect unionization; GameStop shareholder meeting overloads servers.
Thu, June 13, 2024
Producer prices decline in further sign of cooling inflation
The producer price index in May fell 0.2%; jobless claims rise to 10-month high, but still at a healthy level; Federal Reserve signals just one interest rate cut in 2024; G7 leaders agree to $50 billion Ukraine loan backed by Russian assets.
Wed, June 12, 2024
Fed holds back on rate cuts
Markets mixed; Fed signals one rate cut this year; Inflation cools in May; Sony buying Alamo Draft House theater chain.
Wed, June 12, 2024
Consumer prices rose at a slower rate in May
The consumer price index rose 3.3% in May; gas prices decline 9 cents in a week, AAA says; mortgage applications jump as interest rates dip; E.U. moves closer to hiking tariffs on Chinese electric vehicles.
Tue, June 11, 2024
All eyes on inflation and the Fed
The S&P 500 and Nasdaq closed at record highs for a second straight day; Federal Reserve governors began a two-day interest-rate-setting meeting; Apple unveiled its latest AI play.
Tue, June 11, 2024
All eyes on inflation and the Fed
The S&P 500 and Nasdaq closed at record highs for a second straight day; Federal Reserve governors began a two-day interest-rate-setting meeting; Apple unveiled its latest AI play.
Tue, June 11, 2024
Small businesses are more optimistic
The Small Business Optimism Index hit a high for 2024; federal agencies team up to stop illegal e-cigarette sales; Apple unveils A.I. features; GameStop stock rally appears to be ending.
Mon, June 10, 2024
Apple joins AI race
Markets climb; Apple announces AI features; Activist investor shakes up Southwest; WNBA gets Caitlin Clark boost.
Mon, June 10, 2024
Wall Street firms predict September interest rate cut
Latest predictions come as Fed officials prepare to meet; Nvidia completes stock split; Norway sovereign wealth fund is latest shareholder to oppose Tesla’s Musk pay; Supreme Court to hear Meta appeal of lawsuit sparked by Cambridge Analytica scandal.
Fri, June 07, 2024
Job growth surprise
Markets edge down; May jobs report shows strong growth; Emissions standards less ambitious; GameStop plunges despite meme stock attention.
Fri, June 07, 2024
The monthly jobs report paints a brighter picture than expected
The economy added 272,000 jobs in May; Fed officials to meet next week; GameStop announces quarterly sales decline; China’s exports increase.
Thu, June 06, 2024
Markets steady
Markets were steady; Initial jobless claims rise; European Central Bank lowers rates; AI companies investigated.
Thu, June 06, 2024
Solar power generation hits milestone in U.S.
The U.S. added a record amount of new solar energy generation, an industry report says; European Central Bank lowers its key interest rate; initial jobless claims inch up to 229,000; Nvidia overtakes Apple as second most valuable company in the world.
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