Epizódy: 50
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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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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Mortgage rates tick down
Stocks rise; 30-year mortgage rates fall for first time since late March; bond yields have been falling this month; initial unemployment claims rise.
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Unemployment claims jump more than expected
The Labor Department reported today that 231,000 people filed new claims for jobless benefits in the week ending May 4; TikTok says it will start automatically labeling AI generated content when it’s uploaded from other platforms; backlash develops against a new Apple ad; GM will stop manufacturing the Chevy Malibu.
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Wholesale inventories tick down
Stocks close mixed; inventories higher than this time last year; rent growth outpaced wage growth since 2019; Uber, Lyft bookings rise.
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Uber underdelivers
Uber loses $654 million in the first quarter; Reuters reports the Justice Department is looking into whether Tesla committed wire and securities fraud; independent law firm says big changes needed at the FDIC to address widespread allegations of sexual harassment and discrimination; FTX reorganization plan that would give small investors all their money back.
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