Business

Business news

katsuyama.jpg
David Brancaccio

There's going to be a new fully fledged stock exchange after some nail-biting suspense and intense opposition from existing stock exchanges. The IEX exchange, which the Securities and Exchange Commission approved on Friday, is designed to prevent rapid-fire traders from having the upper hand. Co-founder Brad Katsuyama — protagonist of "Flash Boys," the bestselling book about high-frequency traders — is celebrating the long-fought regulatory approval. Katsuyama joined us to chat about his victory and what's in store for the IEX.

A Brexit could hit Japanese currency traders hard

Jun 22, 2016
tokyotraders.jpg
Andy Uhler

Hundreds of thousands of retail investors in Japan are women and they do it from home. Day trading became popular among Japanese housewives in the 1990s.

So, with Britain’s future up in the air, why are so many of these investors holding on to so much pound sterling?

Shihoko Goto, senior Northeast Asia associate at the Woodrow Wilson Center's Asia Program, said many Japanese were buying the pound because it's one of the few markets Japanese currency markets investors can readily access.

"The Japanese really don’t have a lot of places to park their money," she said.

What happens when shipping lines build for growth that never comes

Jun 22, 2016
PanamaJustin210.JPG
David Brancaccio, Katie Long and Justin Ho

This Sunday, that superhighway of global commerce, the Panama Canal, now widened for much bigger ships will open for business. The opening of the canal is a moment of crowning glory for Panama, but not a moment of crowning glory for globalization.

Marketplace Tech for Wednesday, June 22, 2016

Jun 22, 2016
drone2.jpg
Marketplace

On today's show, we'll talk about new drone guidelines from the Federal Aviation Administration; look at the recent hack against digital currency Ethereum; and interview the band Son Lux, which just released a new EP called "Stranger Forms." 

 

Celebrities and sports stars weigh in on Brexit

Jun 21, 2016
GettyImages-525838640.jpg
Kai Ryssdal

More input on possibly the most seismic decision in the global economy in a generation, perhaps.

Elizabeth Hurley, actress and model:

EA%204_1.jpg
Kai Ryssdal

Electronic Arts or EA is the company behind video games such as FIFA, Madden, and Battlefield. Its CEO, Andrew Wilson, talks to Marketplace host, Kai Ryssdal, about e-sports, the multi-screen nature of gaming, and using fans to test games before they're released.

 

 

Click the audio player above or subscribe to the Corner Office podcast to listen to the full interview.

GettyImages-539749978_0.jpg
Kai Ryssdal

Earlier this month, video companies and gamers descended on Los Angeles for the annual Electronic Entertainment Expo or E3. That included Andrew Wilson, the CEO of EA — the company that makes FIFA, Madden, and Battlefield.

The company invited super fans to try out a handful of games not yet released to the general public. That included "Battlefield 1," the company's World War I game, set to be released in October.

Wilson on whether he thinks of EA as a social media company:

A Puma jersey disaster

Jun 21, 2016

On today's show, we'll talk about a jersey debacle in a European football match; CarMax's success, despite worse-than-expected earnings; and the ways money in politics can influence Americans' everyday lives .

CarMax Inc. still earning respect

Jun 21, 2016
carmax.jpg
Sally Herships

CarMax failed to meet earnings expectations during the first quarter, but is still pulling stronger sales than many of its online competitors combined.  The company earned a net profit of $175.36 million during the first quarter, compared to $181.97 million during the same period last year.

Is money in politics making you fat?

Jun 21, 2016

Money in politics is getting top billing this election season. Some see it as a meta issue that flies above many big public policy matters like financial regulation or energy reform. But money and its influence can be hard to see in our everyday lives. 

Inching global trade growth, through the eyes of a Caterpillar

Jun 21, 2016
PanamaJustin223.JPG
David Brancaccio, Katie Long and Justin Ho

On Sunday, the new Panama Canal opens for business. Great canal, but awkward timing. Don’t tell a soul, but by many measures, world trade has quietly tapered off while nobody was looking. Some talk of "peak trade." This week, we’re looking at what this means for the canal and the world if globalization ain’t what it used to be.

You can sue Starbucks if your latte is underfilled

Jun 20, 2016
giphy_7.gif
Kai Ryssdal

 I finally discovered why my lattes sometimes feel a bit light.

Yes, I do drink lattes.

A federal judge in San Francisco has given the green light to a fraud and false advertising lawsuit against Starbucks, in which to customers say the company systematically under-fills its beverages, often by as much as 25 percent.

The foam on Starbuck's lattes, plaintiffs say, displaces actual milk and thus consumers are denied their proper portions of tall, grande and venti drinks.

Gotta say, I've got some sympathy.

U.S. lags in infrastructure spending

Jun 20, 2016
GettyImages-88629313.jpg
Marketplace

Ask anyone in Washington D.C. about “Metropocalypse.”  Ask anyone in Brooklyn about “L-pocalypse.” They're both subway systems, and they’re just two examples of current or imminent public infrastructure meltdowns due to backed up maintenance and repair. “There’s bridge reconstruction, airport reconstruction,” says Tyler Duvall, a partner at McKinsey. “Transportation, water, waste water.”

Dwindling support for Brexit affects markets

Jun 20, 2016

On today's show, we'll talk about public sentiment toward a Brexit; look at President Barack Obama's efforts to persuade more foreign investors to put money into the U.S.; and interview legendary comedian Carl Reiner about his venture RandomContent.com.

Venezuela's economic crisis spurs food riots and looting

Jun 20, 2016
fadingchavezgrafitti.JPG
Marketplace staff

Venezuelan citizens are in a state of desperation, with over 50 food riots, protests and mass looting taking place in the country these past two weeks, according to the New York Times. 

carlreiner_0.jpg
David Brancaccio

Carl Reiner, the 94-year-old legendary comedian and actor, is still hard at it as a multimedia entrepreneur.

Reiner created "The Dick Van Dyke Show," one of the greatest television comedies of all time. He's also a mentor to essentially everybody in comedy, from Jerry Seinfeld to Billy Crystal.

Panama Canal expands as trade falls flat

Jun 20, 2016
_DSC1147.jpg
David Brancaccio, Justin Ho and Katie Long

On Sunday, the new Panama Canal — one of the most important arteries for commerce in the world — opens for business. This new, wider channel will allow bigger ships loaded with more stuff to squeeze through, which means the Panamanians can charge bigger tolls. But what about the rest of the world?

The thing that no one is talking about is: By many measures, this canal is opening as world trade growth is petering out. 

Obama pitches international investors

Jun 20, 2016
selectusa.jpg
Mark Garrison

On Monday afternoon, President Barack Obama will tell the rest of the world to bet on America. He’s speaking at the SelectUSA Investment Summit in Washington, a Commerce Department event aimed at getting foreign investors to put more money into America.

Marketplace Tech for Monday, June 20, 2016

Jun 20, 2016
textmessage_0.jpg
Marketplace

On today's show, we'll talk about tech company Twilio's plans to hold its initial public offering this week; interview Nancy Lublin, the founder and CEO of of Crisis Text Line; and look at Conde Nast's acquisition of Backchannel, a blog that will be a part of the Wired group.

 

Waze is doing away with the crazy left turns

Jun 17, 2016
GettyImages-460308567.jpg
Kai Ryssdal

Your drives to and fro could get just a hair longer.

If you use Waze, the crowdsourced navigation app, you know its fatal flaw.

The often hairy, sometimes downright dangerous left turns it orders you to do.

OK, doesn't order, but suggests.

As of today, rolling out first here in L.A., Waze will offer drivers an alternative route, maybe like going to the closest signal instead of playing real-live Frogger or using a bunch of right turns to get where you're going.

Me?

I just want 'em to bring back the Morgan Freeman voice option.

Joining us to talk about the week's business and economic news are to Nela Richardson of Redfin and Cardiff Garcia of FT Alphaville . 

Click the audio player above to listen to their conversation.

Marketplace for Friday, June 17, 2016

Jun 17, 2016
GettyImages-131978228.jpg
Hayley Hershman

We close out our series, "The Price of Profits," with a look at what makes a good job and how that's changed as corporations focus on profits; the SEC votes on whether or not to approve the IEX as America's newest stock exchange; and the last five days in five minutes with the Weekly Wrap. 

Online empathy in the wake of Orlando

Jun 17, 2016
stopthehate.jpg
Lizzie O'Leary and Eliza Mills

In the wake of a tragedy like last weekend's mass shooting in Orlando, Florida, people come together to react — to process, to grieve, to raise funds, to push for change. And a lot of this coming together happens online.

Facebook news feeds fill with articles and stories — photos, videos, opinions. Twitter is flooded with updates, friends reach out through social media, and the news seems amplified by algorithms. 

Then, often, as quickly as it began, it ends. The rapid pace of the news cycle takes over and the social feed moves on to the next topic. But do our minds?

Philly soda prices will have some extra fizz in 2017

Jun 17, 2016
soxa.jpg
Janet Nguyen

Philadelphia has just become the first major city in the U.S. to pass a soda tax, a measure that will charge residents an extra 1.5 cents per ounce for soft drinks beginning on January 1.

The tax is expected to raise about $91 million annually, which will be spent on pre-K programs, libraries and parks, along with various other initiatives and services, according to Philly.com.

angel.jpg
D Gorenstein

On Friday, the National Academies of Science will release a report assessing the quality of trauma care in the United States.

This comes less than a week after dozens of people fled to the Orlando Regional Medical Center to get treatment for gunshot wounds sustained during Sunday's mass shooting at a gay nightclub.

The study suggests many of our hospitals are unprepared for growing threats like mass shootings and bombings.

Where have all the corporations gone?

Jun 17, 2016
uber_0.png
David Brancaccio

In our series "The Price of Profits," we're exploring corporations. What are they for? Whom are they for? And how that impacts the economy and you.

GettyImages-89242689.jpg
Kai Ryssdal

Yet another lesson in "whatever you do, don't put it in an email."

CNBC got its hands on the list of words and phrases that Goldman Sachs flags when it monitors employee emails.

Let me say that again, your companies read your emails. 

Just so you know.

On Goldman's list of no-noes are emails containing the phrases "incompetent account management," "report the matter to the SEC" and "we will sue you."

505116132_1.jpg
Scott Tong

The past decade has seen an explosion in one particular type of investor: the activist shareholder. These are powerful hedge fund managers who make a lot of noise in corporate boardrooms. To some, they're the squeaky wheels of Wall Street.

Will the Fed raise interest rates this year?

Jun 16, 2016

On today's show, we'll talk about whether or not interest rates will go up this year; Kroger's venture into online groceries; and LA County's efforts to tackle the region's homelessness issue.

Disney%20Shanghai24.jpg
Rob Schmitz

The subway from downtown Shanghai to the city's new Disneyland Park takes an hour and a half.

Or you could travel to the park the way friends Yang Meng and Dong Yixian did: driving hundreds of miles from rural Shanxi province in a cross-country pilgrimage to Mickey and friends.

“It was totally worth it," said Yang with a smile. "We were at the park from 8 in the morning to 10 at night. When we first entered, we couldn’t stop staring at everything. It’s very well done.”

Pages