Marketplace All-in-One Marketplace
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- Business
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Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
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Inside Amazon’s business tactics and company culture
When Jeff Bezos left Wall Street to start Amazon in 1994, the most common question he got was “What’s the internet?” Fast-forward to today, and Amazon is, of course, the country’s leading online retailer, as well as cloud services provider. In 2022, the company controlled almost 38% of the U.S. e-commerce market. Walmart, its closest competitor, had just over 6%, according to Insider Intelligence. In her new book, “The Everything War,” The Wall Street Journal’s Dana Mattioli documents the tactics she says have enabled Amazon to dominate.
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To ban or not to ban
Today, we’re talking about two different kinds of bans. As expected, President Joe Biden signed the TikTok sell-or-ban bill. But first, guest host Meghan McCarty Carino breaks down the Federal Trade Commission’s decision to ban noncompete agreements and their impact on workers and innovation. Plus, we’ll smile about Emily Dickinson and her newfound love of exclamation points!!! And how “old” is “old”?
Here’s everything we talked about today:
“Business Groups Race to Block FTC’s Ban on Noncompete Agreements” from The Wall Street Journal
“FTC Bans Noncompete Agreements That Restrict Job Switching” from The Wall Street Journal
“Did California’s Noncompete Ban Fuel Silicon Valley Innovation?” from Bloomberg Law
“Banning Noncompetes Is Good for Innovation” from Harvard Business Review
“TikTok may be banned in the US. Here’s what happened when India did it” from The Associated Press
“U.S. Approves Sale of Dating App Whose Owners Were Probed by National Security Officials” from The Wall Street Journal
“Grindr sold by Chinese owner after US raised national security concerns” from TechCrunch
“People think ‘old age’ starts later than it used to, study finds” from the American Psychological Association
“Eternity Only Will Answer” from Poetry Foundation
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Clock starts on TikTok ban
Today, President Joe Biden took a decisive step by signing a bill that could ban TikTok in the U.S. unless its Chinese owner, ByteDance, divests from the company within nine months. This move echoes a long history of limiting foreign ownership of communications companies, dating back to the founding of this country. Also in this episode: Boeing’s financial woes, the NBA’s media bidding war and New England’s free college frenzy.
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Boeing revenue falls
Stocks close mixed; Boeing slows production of 737 MAX planes; mortgage rates at highest level since November; durable goods orders rise.
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TikTok divest-or-ban requirement is nearly law
Congress passed the measure, and Biden has vowed to sign it; Tesla profit falls in Q1; Boeing reports $355 million quarterly loss; Norfolk Southern report meager profit after train derailment settlement; Visa revenues beat forecasts as consumers spent; Labor Department increases overtime eligibility.
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Manufacturing comes out of its own private recession
Call it a manufacturing resurrection: Orders for durable goods — big-ticket items from washing machines to airplanes — rose 2.6% in March. It’s a sign that manufacturing is coming back online and the economy is getting get back to where the Fed wants it to be. Plus, it’s earnings season. How are companies doing so far? Then, we head to the Spanish city of Algeciras, where one out of four people is unemployed.
Customer Reviews
High price of cheap clothes
Is the employer also being prosecuted for hiring illegal employees? Are the workers being prosecuted for using false papers and living here illegally? This is the chicken and the egg of broken laws.
“Stolen River” steals the show
A brilliant story on water issues that artfully combines down-to-earth personal experience, science, history, and economics both local and national. A tour de force. Waiting for more.
Leaning left
I used to love NPR because I felt that they were more bipartisan than most news outlets. Lately it seems that NPR leans heavily left. I’ll be looking for another outlet that does a better job of reporting the news, not newscaster’s opinions.