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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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Producer prices rise in April
Stocks rise; services prices push up Producer Price Index; Biden Administration announces new tariffs on certain Chinese imports; new tariffs could put pressure on prices.
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Inflation at the wholesale level picked up steam
The producer price index rose 0.5% in April; Stellantis forms joint venture with China’s Leapmotor; U.S. regulators launch probe of Waymo vehicles; Home Depot sales fall.
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Consumer inflation expectations pick up in April
Stocks close mixed; people’s spending and income expectations pick up; Kraft Heinz reportedly thinking about selling off Oscar Meyer; inflation data due this week.
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Uber, Lyft face civil trial over worker classifications
Massachusetts is suing asking for workers to be classified as employees; Johnson & Johnson selling off remaining stake in consumer business; TV ‘upfronts’ begin to lure advertisers; Mercedes-Benz workers in Alabama begin unionization vote.
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Consumer sentiment declines in May
Stocks close mixed; consumers worried that unemployment could rise; Biden Administration reportedly planning EV tariffs; Ford reportedly cuts back on battery orders.
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Fed officials say interest rate cuts are still possible this year
A number of officials said rate cuts are possible, even as uncertainty remains over timing; investors poured money into global equities amid easing rate cut concerns; Target to limit some Pride displays after backlash.
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