Marketplace Minute
2,103 episodes - English - Latest episode: about 1 year ago - ★★★★ - 152 ratingsThe economy is changing so fast. It’s hard to keep up. Get the latest on what’s happening in the economy right now with three-times-a day briefings from Marketplace. More than just the numbers, Marketplace brings you highlights from the most important stories about money, business and the economy. Have a minute? We’ll get you what you need. Get the Marketplace Minute®, now.
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Episodes
U.S. manufacturing contracts for the fifth month - Midday - Marketplace Minute - April 3, 2023
April 03, 2023 14:49 - 1 minuteTwo separate surveys reported declining manufacturing activity; WWE, UFC agree to merge into new company; Paris voters say ‘non’ to electric scooter rentals To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Oil prices rise after OPEC countries plan output cut - Morning Brief - Marketplace Minute - April 3, 2023
April 03, 2023 10:02 - 1 minuteSaudi Arabia, other oil-producing countries plan to reduce production starting in May; Global oil prices spike on news; Gasoline prices could rise; White House says cuts are inadvisable To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Consumer spending falls in February - Closing Bell - Marketplace Minute - March 31, 2023
March 31, 2023 20:37 - 1 minuteStocks rise; people spend less on vehicles and at restaurants; personal incomes rise at a slower pace; Treasury Department announces new EV battery sourcing rules To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Electric Vehicle tax credit rules are changing - Midday - Marketplace Minute - March 31, 2023
March 31, 2023 14:49 - 1 minuteNew EV tax credit rules kick in April 18; Inflation slows to 0.3% advance in February; Banking mess increases recession risk, Citigroup analysts say; Fed officials: more work to do to cool inflation To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
President Biden calls for tougher bank regulation - Morning Brief - Marketplace Minute - March 31, 2023
March 31, 2023 09:48 - 1 minuteBiden wants larger cash reserves, enhanced stress tests for midsize banks; Citigroup predicts 5% global profits decline; Ford withdraws petition for autonomous vehicles To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
GDP revised slightly lower - Closing Bell - Marketplace Minute - March 30, 2023
March 30, 2023 20:31 - 1 minuteStocks rise; corporate profits fell in the fourth quarter; Sun Belt migration continued last year; jobless claims pick up To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Activities of banks and non-banks need more scrutiny, Yellen says - midday - Marketplace Minute - March 30, 2023
March 30, 2023 14:37 - 1 minuteYellen said new rules may be needed to address financial risks; Wall Street bonuses decline, still average more than $175,000; Weekly jobless claims remain below 200,000 level; Big banks may pay more than small ones for recent banking mess, FDIC chair says To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Credit Suisse is accused of aiding tax evasion - Morning Brief - Marketplace Minute - March 30, 2023
March 30, 2023 09:57 - 1 minuteA Senate report is accusing the embattled bank of aiding American tax dodgers; Starbucks’ Schultz defends company’s labor practices; House GOP to vote on energy bill To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Marketplace Minute - Pending home sales rise in February - Closing Bell - March 29, 2023
March 29, 2023 20:39 - 1 minuteStocks rise; pending home sales increase for third straight month; mortgage applications rise; small business owners pessimistic about US economy To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Musk, experts issue warning about artificial intelligence - Midday - Marketplace Minute - March 29, 2023
March 29, 2023 14:48 - 1 minuteIn an open letter, experts are calling for A.I. safety protocols; European banks can withstand withdrawals of 38% of deposits, analysis finds; Pending home sales rise 0.8% in February; Alibaba to split into six companies To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
New details emerge about Silicon Valley Bank’s failure - Morning Briefing - Marketplace Minute - March 29, 2023
March 29, 2023 09:47 - 1 minuteThe bank was warned of risk practices as far back as 2021, Fed official says; Biden says government response to banking problems not over; Regulators tell crypto-related depositors to move their money out of failed Signature Bank - March 29, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Consumer confidence rises in March - Closing Bell - Marketplace Minute - March 28, 2023
March 28, 2023 20:43 - 1 minuteStocks fall; people expect inflation to persist; rent inflation expectations remain high; Walgreens says profits fall To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Stocks open mostly lower - Midday - Marketplace Minute - March 28, 2023
March 28, 2023 14:37 - 1 minuteThe Senate Banking Committee holds a hearing today on the failure of Silicon Valley Bank; the National Highway Traffic Safety Administration begins an investigation into two complaints that Tela seatbelts failed; Walgreen’s reports better-than-expected quarterly earnings. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Fed’s top banking cop testifies on Capitol Hill. - Morning Briefing - Marketplace Minute - March 28, 2023
March 28, 2023 10:05 - 1 minuteChina bails out developing countries having trouble repaying their loans; Lyft has someone new at the wheel. - March 28, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Marketplace Minute - SVB finally finds a buyer - Closing Bell - March 27, 2023
March 27, 2023 21:47 - 1 minuteRegulators on the hill; Disney starts layoffs; CFTC files suit against Binance To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Silicon Valley Bank’s collapse to cost FDIC about $20 billion - Midday - Marketplace Minute - March 27, 2023
March 27, 2023 14:39 - 1 minuteThe Federal Deposit Insurance Corporation expects a $20 billion hit; Speaker McCarthy says House will move forward with TikTok bill; Majority of business economists expect a recession this year, survey finds; Widespread labor protests rock Germany, France To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
First Citizens Bank purchases Silicon Valley Bank’s assets - Morning Brief - Marketplace Minute - March 27, 2023
March 27, 2023 10:08 - 1 minuteFirst Citizens has taken over SVB’s deposits and loans; Fed monitoring for potential credit crunch, Kashkari says; Union Pacific drops effort to reduce train crews To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Bank deposits continued to decline last week - Closing Bell - Marketplace Minute - March 24, 2023
March 24, 2023 20:53 - 1 minuteStocks rise; large banks see weekly uptick in deposits; durable goods orders fall; business activity rises To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Stocks open lower - Midday - Marketplace Minute - March 24, 2023
March 24, 2023 14:43 - 1 minuteEuropean bank stocks were also down today; oil prices dip after comments from U.S. Energy Secretary Jennifer Granholm; business orders for new equipment decline. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Banks keep borrowing from the Fed. - Morning Briefing - Marketplace Minute - March 24, 2023
March 24, 2023 09:53 - 1 minuteReuters reports there may be a buyer for part of the failed Silicon Valley Bank; a strike that closed Los Angeles schools ends today. - March 24, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Marketplace Minute - Yellen says additional actions could be warranted - Closing Bell - March 23, 2023
March 23, 2023 20:29 - 1 minuteStocks rise; Treasury Secretary speaks before lawmakers on Capitol Hill; new home sales rise for third month in a row; unemployment claims fall To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
TikTok’s CEO grilled on Capitol Hill - Midday - Marketplace Minute - March 23, 2023
March 23, 2023 14:58 - 1 minuteLawmakers were skeptical of TikTok’s promises of U.S. data protection; Ford’s EV unit lost $3 billion in two years; Jobless claims decline to 191,000; Senators Scott, Warren draft bill to tighten oversight of the Fed To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
The Fed signals rate increases may be near end - Morning Brief - Marketplace Minute - March 23, 2023
March 23, 2023 09:51 - 1 minuteThe central bank said ‘some additional’ rate hikes were likely, a change from ‘ongoing increases’ in previous statements; Senators Scott, Warren want to tighten oversight of the Fed; TikTok CEO to testify at House hearing To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Federal Reserve raises interest rates by a quarter percent - Closing Bell - Marketplace Minute - March 22, 2023
March 22, 2023 20:41 - 1 minuteStocks fall; Fed examining how banking failures are affecting credit conditions; Fed reviews bank supervision and regulation; Yellen says no blanket deposit insurance being considered To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Mortgage applications are up, rates are down - Midday - Marketplace Minute - March 22, 2023
March 22, 2023 14:48 - 1 minuteAverage 30-year mortgage rate fell to 6.48% last week; PacWest bank raises more cash; Ukraine gets IMF loan of nearly $16 billion; GameStop makes quarterly profit through cost cuts To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
It’s decision day at the Fed - Morning Briefing - Marketplace Minute - March 22, 2023
March 22, 2023 09:46 - 1 minuteFed’s inflation battle has been complicated by the banking crisis; First Republic reportedly having trouble raising more money from investors; Google begins rolling out its own AI tool - March 22, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Marketplace Minute - Existing home sales rise in February - Closing Bell - March 21, 2023
March 21, 2023 20:41 - 1 minuteStocks rise; existing home prices fall year-over-year; rent inflation slows; Fed starts interest rate meeting To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Yellen says more actions could be warranted to stem banking crisis - Midday - Marketplace Minute - March 21, 2023
March 21, 2023 14:53 - 1 minuteTreasury Secretary Yellen said regulators could take further steps to avoid bank failures; February existing home sales surge; Biden vetoes effort to bar ESG investing by federal fund managers; TikTok updates rules to bar certain ‘deep fake’ videos To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
First Republic Bank may need more help - Morning Brief - Marketplace Minute - March 21, 2023
March 21, 2023 10:24 - 1 minuteBig bank CEOs considering more help for First Republic, WSJ reports; Biden vetoes anti-ESG measure; LAUSD workers strike over wages, staffing To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
UBS rescues Credit Suisse - Closing Bell - Marketplace Minute - March 20, 2023
March 20, 2023 20:53 - 1 minuteStocks rise; UBS reportedly concerned about Swiss banking brand; Amazon plans additional layoffs; UN warns of climate risk To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Does the banking crisis mean no more interest rate hikes? - Midday - Marketplace Minute - March 20, 2023
March 20, 2023 14:47 - 1 minuteInvestors, analysts predict quarter-point interest rate hike; Some expect no hike as banks are likely to tighten credit in response to crisis; U.S. regulators try to auction SVB again, in two separate parts; UBS expects to cut expenses after taking over Credit Suisse To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Credit Suisse becomes latest casualty of banking crisis - Morning Brief - Marketplace Minute - March 20, 2023
March 20, 2023 09:54 - 1 minuteUBS agrees to purchase Credit Suisse; Fed, central banks agree to new plan to prop up banks; Big parts of failed Signature Bank are sold off, as First Republic’s credit rating falls further To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Marketplace Minute - Industrial production flat in February - Closing Bell - March 17, 2023
March 17, 2023 20:40 - 1 minuteStocks fall; manufacturing output mixed; consumer sentiment falls; Meta rolls out subscription service To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Silicon Valley Bank’s parent company files for bankruptcy protection - Midday - Marketplace Minute - March 17, 2023
March 17, 2023 14:31 - 1 minuteSVB Financial, which no longer includes the bank, filed for chapter 11 bankruptcy protection; The Fed has provided $300 billion in emergency financing to banks; Consumer sentiment weakened in March, survey finds; French workers protest pension age increase To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Fed reports record bank borrowing - Morning Brief - Marketplace Minute - March 17, 2023
March 17, 2023 09:53 - 1 minuteThe Fed has lent banks $300 billion in the last week to shore up their finances; Treasury Secretary Yellen says banking system remains sound; First Republic gets $30 billion in help from other banks To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Big banks pool deposits for First Republic Bank - Closing Bell - Marketplace Minute - March 16, 2023
March 16, 2023 20:43 - 1 minuteStocks rise; move meant to restore confidence in bank’s balance sheet; housing starts rise; unemployment claims fall To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Homebuilders picked up pace in February - Midday - Marketplace Minute - March 16, 2023
March 16, 2023 14:46 - 1 minuteHousing starts and permits for future building increased; Import prices decline on drop in energy prices; Initial jobless claims fall below 200,000 again; ECB raises rates by .50% despite bank sector turmoil To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Major European bank taps into financial lifeline - Morning Brief - Marketplace Minute - March 16, 2023
March 16, 2023 10:05 - 1 minuteCredit Suisse is borrowing $54 billion from the Swiss national bank; U.S. asks TikTok owner to sell off video app, reports say; Kellogg unveils names of two companies after split To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Retail sales fall in February - Closing Bell - Marketplace Minute - March 15, 2023
March 15, 2023 20:33 - 1 minuteStocks close mixed; Commerce Department revises January retail sales higher; Switzerland’s central bank prepared to provide Credit Suisse with liquidity; producer prices fall To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Credit Suisse fuels concerns over European banks - Midday - Marketplace Minute - March 15, 2023
March 15, 2023 15:00 - 1 minuteCredit Suisse’s largest shareholder declined further investment; European bank stocks plummeted; February wholesale prices fell 0.1 percent; February retail sales fell 0.4 percent To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Silicon Valley Bank, former executives face shareholder lawsuit - Morning Briefing - Marketplace Minute - March 15, 2023
March 15, 2023 10:00 - 1 minuteThe class action says investors were left in the dark over the bank’s interest rate risks; DOJ, SEC are investigating SVB’s collapse, reports say; Company behind ChatGPT is releasing an updated version - March 15, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Consumer prices rise 0.4 percent in February - Closing Bell - Marketplace Minute - March 14, 2023
March 14, 2023 20:42 - 1 minuteStocks rise; shelter costs account for most of the monthly increase; Fed to make interest decision this coming week; Meta announces additional layoffs To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Inflation is down but not out - Midday - Marketplace Minute - March 14, 2023
March 14, 2023 14:45 - 1 minuteFebruary CPI came in at a 6% annual gain; Investors expect quarter-point Fed rate hike next week; Moody’s reviewing credit ratings of six regional banks; Meta to lay off approximately 10,000, adding to previous workforce reduction To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
The Federal Reserve Board to review oversight of Silicon Valley Bank - Morning Briefing - Marketplace Minute - March 14, 2023
March 14, 2023 09:46 - 1 minuteThere are questions over whether the Fed missed warning signs of trouble at SVB; Lawmakers debate need for tighter bank regulations; Selloff in regional bank shares continued - March 14, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Bank failures roil markets and spur regulators to action - Closing Bell - Marketplace Minute - March 13, 2023
March 13, 2023 20:51 - 1 minuteFederal regulators guaranteed deposits in two failed banks; stocks in regional banks and some financial firms came under pressure; drugmaker Pfizer will buy Seagen for $43 billion. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Biden seeks to reassure Americans over bank deposits - Midday - Marketplace Minute - March 13, 2023
March 13, 2023 14:48 - 1 minuteThe president and regulators seek to contain fallout from Silicon Valley Bank collapse, Goldman Sachs now says no Fed interest rate hike next week; HSBC acquires SVB’s UK operations; Other regional banks under scrutiny To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
U.S. regulators intervene to prevent an escalating banking crisis - Morning Briefing - Marketplace Minute - March 13, 2023
March 13, 2023 09:45 - 1 minute15 MORNING HED U.S. regulators intervene to prevent an escalating banking crisis DEK Regulators over the weekend took steps to reassure the public that their bank deposits are safe; Authorities said that Silicon Valley Bank’s customers will have access to all of their funds; Regulators in New York closed Signature Bank - March 13, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https...
Marketplace Minute - Another better-than-expected jobs report - Closing Bell - March 10, 2023
March 10, 2023 22:02 - 1 minuteJob growth slowed to 311,000 in February, versus 504,000 the month before; wage growth moderated and unemployment rose to 3.6 percent; Silicon Valley Bank was seized by regulators after a run on the bank. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
There’s some moderation in the job market, but not much - Midday - Marketplace Minute - March 10, 2023
March 10, 2023 15:59 - 1 minuteThe economy added 311,000 jobs in February, while wage growth slowed; Investors sell bank shares amid concerns over SVB Financial; Mortgage rates rise for fifth week To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Concerns spread over financial health of banks - Morning Briefing - Marketplace Minute - March 10, 2023
March 10, 2023 10:49 - 1 minuteInvestors sold bank shares after Silvergate, SVB news; Average 30-year mortgage rate rises to 6.73%; Labor Department to release jobs report amid drop in job openings - March 10, 2023 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices