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Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
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Tech Bytes — Week in Review: Online extremism, Section 230, and ScarJo vs. OpenAI
Proceeding without permission is a time-tested practice in some corners of Silicon Valley. Well, it’s not working out so well for OpenAI. Actress Scarlett Johansson said this week the company approached her twice to voice a new AI assistant for ChatGPT-4o. She declined, only to find it had used a voice that sounds “eerily” like hers. Plus, on Capitol Hill, a House subcommittee held a hearing that could decide the future of Section 230, the provision that largely governs the internet today. We’ll explain why chatbots have entered the chat on Section 230’s future.
But first, a new report by former tech company officials and academic researchers finds far-right extremist militias are once again organizing on Facebook ahead of November’s presidential election. They recommend platforms ramp up content moderation to avoid fueling political violence. Marketplace’s Lily Jamali is joined by Maria Curi, tech policy reporter at Axios, for her take on this week’s tech news.
Our May fundraiser ends Friday, and we need your help to reach our goal. Give today and help fund public service journalism for all! -
Bad housing news comes in threes
This week, we got some gloomy news on the housing market: In April, new homes sales fell 4.7% and existing home sales dropped about 2% from the month before, and in May, homebuilder confidence took a dive. The most likely culprit? High mortgage rates. Also in this episode: Why DuPont is splitting its company into three, what Olympic and Paralympic athletes are doing to raise funds for Paris, and how business is going for a maker of custom cowboy boots in Virginia.
Our May fundraiser ends Friday, and we need your help to reach our goal. Give today and help fund public service journalism for all!
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How the Palestinian financial system is tied up in Israel
After Israel threatened to cut ties between Israeli and Palestinian banks, Treasury Secretary Yellen warned it could worsen the humanitarian crisis in Gaza and create economic instability in the West Bank. We’ll also explain one reason why U.S. military spending is so high, get updates on the AI economy’s hot shot, Nvidia, and the U.S. government’s battle against Big Ticket.
Here’s everything we talked about today:
“Yellen Warns Israel Against Cutting off Palestinian Banks” from The New York Times
“Yellen concerned about Israel’s threats to cut off Palestinian banks” from Reuters
VIDEO: “VIRAL MOMENT: Michael Waltz Confronts Air Force Officials With Staggeringly Expensive Components” from Forbes Breaking News
“Pentagon falling victim to price gouging by military contractors” from CBS News
“New Bipartisan Bill Allows Military Contractors To Fleece Taxpayers” from The Lever
“Nvidia dominates in AI, but others are trying to chip away” from Marketplace
“US sues to break up Ticketmaster and Live Nation in a groundbreaking monopoly lawsuit” from CNN Business
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Ha -
Wall Street retreats
AI drives Nvidia profits higher; New home sales slump; White House says an independent Fed is best.
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The artificial intelligence boom reverberates at Nvidia
The chipmaker reported a more than three-fold increase in quarterly revenue; White House says Federal Reserve should remain independent; initial jobless claims inch lower; DuPont plans to split itself up.
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Unfavorable views of a (generally) favorable economy
A recent poll conducted for the Guardian newspaper asked people how they felt about the economy. It finds nearly three in five Americans (wrongly) believe the U.S. is in a recession. About half think the stock market is down for the year. (It’s not.) What’s behind the disconnect? Plus, tariffs designed to create higher-paying jobs stateside may fail to do that. And we’ll hear the history behind the Ticketmaster antitrust lawsuit.
Our May fundraiser ends Friday, and we need your help to reach our goal. Give today and help fund public service journalism for all!