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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EV startup Fisker files for bankruptcy
Stock markets rise; manufacturing output goes up; EV startup Fisker goes bankrupt; Nvidia becomes world’s most valuable company.
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Consumers snap shut their wallets
The Commerce Department says retail sales last month rose just a tenth of a percent last month; New York Fed Chair John Williams says the economy is moving in the right direction; another whistleblower for Boeing; a new poll shows about half of Americans say it’s extremely or very important for the government to provide debt relief for medical bills.
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Nasdaq, S&P 500 hit record highs
Stocks climb to new heights; The Justice Department sues Adobe; China launches a retaliatory investigation into European pork imports; Ultium workers ratify a new contract..
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An encouraging report on manufacturing
The New York Fed’s June Empire State Manufacturing Survey is out this morning; Minneapolis Fed President Neel Kashkari says predictions the Federal Reserve won’t cut interest rates until December are “reasonable;” the U.S. surgeon general calls for a warning label on social media; Disney estimates the new “Inside Out 2” film made $155 million.
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Consumer sentiment slips
Markets mostly flat; Consumer sentiment down again; Congressional inquiry into Boeing; Cava shares grew 300% in first year.
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Import prices provide another encouraging inflation sign
Import prices in May fell 0.4%; U.S. manufacturers and labor group urge quicker China import tariffs; possible fake titanium used in Airbus, Boeing planes, The New York Times says.