Marketplace Minute Marketplace
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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.
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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.
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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.
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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.
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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.
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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.
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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.