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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A mixed open on Wall Street
Fed Governor Christopher Waller basically rules out an interest rate hike; a change at the top of the FDIC; Treasury Secretary Janet Yellen tries to convince U.S. allies to use seized Russian assets to help Ukraine; Macy’s reported its latest quarterly earnings today.
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Markets hover around record marks
Markets were mixed; Investors eye tech stocks this week as Microsoft announces AI computer; Cruise stocks are smooth sailing; Weight loss drugs boost online pharmacy service.
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China sanctions U.S. defense companies
China aims sanctions at the U.S.; Senate report finds carmakers used parts from a banned supplier; Target cuts prices; Red Lobster files for bankruptcy.
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Mercedes-Benz workers reject unionization
Stocks close mixed; UAW’s unionization efforts have been mixed; Conference Board points to weak consumer outlooks, factory orders; index of current economy improved in April.
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Leading economic indicators fall for the second straight month
The Conference Board’s forward-looking index falls; Reddit reaches a deal with OpenAI; China puts out a housing market rescue plan; Chevy Bolt owners are in line for settlement money.
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Import prices pick up in April
Stocks fall; monthly increase biggest since March 2022; housing starts rise; initial jobless claims fall.