Business news

Lorne Matalon

The Colombian state and the guerrilla movement known as FARC, the Spanish acronym for the Revolutionary Armed Forces of Colombia,  are scheduled to sign a peace accord Monday (September 26).   

Yahoo confirms hack of 500 million user accounts

Sep 22, 2016
Marketplace staff

Yahoo confirmed today that the information from at least 500 million user accounts was stolen by a “state-sponsored actor” in late 2014.

Donna Tam

The Italian government is trying to combat criticism over an infertility campaign that protesters said is ignorant of the country’s economic problems, and racist and sexist to boot.

Italy tried to celebrate its first "Fertility Day," today, but was met with criticism over its flyer, the Associated Press reported. The advertisement had four white adults smiling on a beach to illustrate good habits, with a contrasting group of young people, including one black man, smoking to illustrate bad habits.

A possible data breach at Yahoo

Sep 22, 2016

On today's show, we'll talk about a possible Yahoo data breach; why Janet Yellen decided not to raise interest rates at the recent Fed meeting; and how Europe's tourism industry is doing amid fears over terrorism. 

Lane Wallace

Facebook CEO Mark Zuckerberg and his wife, Dr. Priscilla Chan, took to Facebook live on Wednesday to announce they’ll put $3 billion into an effort to “cure, prevent or manage” all diseases.

Sam Beard

The long vacation season in Europe is winding down, and in  spite of the continent’s well-known problems — the festering debt crisis, the continuing influx of thousands of refugees and migrants across the Mediterranean, and the growing fear of Islamist terrorism —  European tour operators have had another good year.

Foreign holiday bookings are up more than 5 percent. But not every holiday destination is benefiting; there have been winners and losers.

France – one of the most visited countries  in the world – is one of the losers.

Rich Egger / Harvest Public Media

Sandy Songer of Broken Bow, Oklahoma, has a bit of advice for anyone who wants to watch chainsaw artists in action.

“If you’re going to stay around us very long, you need to put some earplugs in,” she says with a laugh, as chainsaws revved and roared behind her like race cars, drowning out everything else in the background.

From carnival barkers, to Ferris wheels humming, to snorts and moos of livestock shows, late-summer state and county fairs are noisy, chaotic affairs. Add to the din this season: chainsaws buzzing.


Kai Ryssdal

We talked last week about Donald Trump's claim that Fed Chair Janet Yellen and her colleagues are keeping interest rates low as a political favor to President Obama.

Yellen was asked a version of "Is that true?" four different times today.

"The Federal Reserve is not politically compromised," she said, going on to add:

Rounak Maiti

Implementing a mass deportation of undocumented workers would reduce cumulative GDP over 10 years by $4.7 trillion — a similar decline in revenue and employment caused by the Great Recession, according to a new study released today by the Center for American Progress.

A move of that magnitude would erase 5 percent of U.S. labor and have a drastic impact on production rates of every industry, according to the study.

An American migration changes Florida

Sep 21, 2016
Andy Uhler

Puerto Rico is deep in debt, unemployment is at about 12 percent and some, including Treasury Secretary Jack Lew, have taken to calling conditions there a humanitarian crisis. The Puerto Rican Federal Affairs Administration claims that more than 1,000 Puerto Rican families relocate to Florida each month. 

Welcome to Marketplace's debate coverage

Sep 21, 2016

Welcome to Marketplace's coverage of the first presidential debate between Hillary Clinton and Donald Trump. Watch this space for live commentary from Marketplace reporters, editors and host Kai Ryssdal.

On today's show, we'll talk about the Federal Reserve's influence on income inequality in the U.S.; the pay gap between white and African-American workers; and Comcast's move into wireless.

Is Wells Fargo digging itself into a PR hole?

Sep 21, 2016
Lane Wallace

Wells Fargo is neck-deep in a scandal over fraudulent accounts: Over several years, thousands of Wells Fargo employees opened millions of accounts in customers’ names, without their permission. That was a response to a push for branch workers to meet stringent sales goals, signing up each customer for multiple accounts in a move known as cross-selling.

What's behind the growing black-white pay gap

Sep 21, 2016
Nancy Marshall-Genzer

The Economic Policy Institute has released a new study on the growing pay gap between white and African-American workers.

Right now, African-American men make 22 percent less than their white peers. African-American women make 34 percent less.

The study looks at wages from 1979 to 2015. It reaches some surprising conclusions. For example, among African-Americans with a degree:

Comcast to become a wireless carrier in 2017

Sep 21, 2016
Adam Allington

Comcast sells us cable TV, it sells us internet, it will hook you up with a landline if that’s how you roll. But the one thing Comcast doesn’t sell us is wireless. Peter Csathy of Creatv Media said in a cable-cutting world of smartphones and tablets, that is where the growth is.

“Certainly for the millennials, who, as you look around, they’re all looking down at their phones,” he said. “So Comcast realizes this is where it needs to spend more of its energy.”

Donna Tam

News of Angelina Jolie and Brad Pitt’s impending divorce captured headlines and social media today, likely taking over the water cooler talk everywhere.

You’re probably wasting money on premium gas

Sep 20, 2016
Sarah Menendez

Using premium fuel for cars that only require regular-grade fuel has no added benefit — in fact, it’s a waste of money, according to a study from AAA. The study reported that Americans “wasted more than $2.1 billion dollars in the last year using premium-grade gasoline in vehicles designed to run on regular fuel.”

Tony Gonzalez

In a few ways, the McMillin Court in Nashville, Tenn.  looks like a vintage motel.  It is yellow-and-gray, two stories tall, and in the shape of a horseshoe. All 16 units have their own doors to the outside.

The kicker is the neon sign in blue and yellow. It even touts “no vacancy,” although that’s kind of a joke. Since these are former apartments, there’s no front desk to inquire about a room. Guests like Luke Graham, of London, England, book online.

A note about "Actuality"

Sep 20, 2016

We are fondly wrapping up production of our podcast Actuality, which was a joint venture between Marketplace and Quartz. The idea for a co-produced podcast came from a shared sensibility around covering business and the economy–a natural outgrowth of our admiration for each other’s work. Actuality has been a great chance for us to experiment together in the ever-changing area of on-demand media.

Is the economy ready for an interest rate hike?

Sep 20, 2016

On today's show, we'll talk about the likelihood the Federal Reserve will raise interest rates at this week's meeting; FedEx's push to expand its ground shipping business, and the debate over whether you should have your wisdom extracted.

Lane Wallace

John Stumpf, CEO of Wells Fargo, will be in front of the Senate Banking Committee on Tuesday, where he’s expected to show contrition over what’s been a growing scandal.

Will FedEx deliver earnings?

Sep 20, 2016
Sabri Ben-Achour

Investors will be perusing FedEx’s earnings report when it comes out after the bell Tuesday for signs the delivery company will be delivering more profits, or at least plans for more profits. FedEx stock is up 6 percent year-to-date, which is better than it performed last year (when it was down 14 percent). 

The company is in the midst of a broad-based plan to improve its business, based largely on a simple truth: 

Kai Ryssdal

A quick sidebar to the bombings in New York and New Jersey over the weekend.

A lot New Yorkers got an emergency alert on their phones this morning, telling them to be on the lookout for Amhad Rahami.

The folks at Quartz did some digging, turns out there are three different kinds of alerts transmitted through what's called the Wireless Emergency Alerts system.

Adam Allington

The population of seniors in the U.S. is forecast to nearly double over the next three decades, growing from 48 million to 88 million by 2050.

An aging workforce is typically considered to be a negative for an economy, but the implications might not be as scary as we’re led to believe.

The U.S. population is getting older, on average, but compared to our main economic partners in Europe and Asia, we’re getting older, less quickly. 

Mainly because we have more babies, and more immigrants.

A boring segment of the stock market is on fire

Sep 19, 2016
Mark Garrison

Utility and consumer companies are not flashy, but they’re having quite a year in the stock market, for now. Operating power lines or selling paper towels aren’t activities that attract media hype and interest the way young tech companies do. But these stable, solid businesses do allow these companies to pay steady and consistent dividends to investors. Right now, those stocks are much in demand.

How Japan's economy can influence the Fed

Sep 19, 2016

On today's show, we'll talk about the Bank of Japan's impact on the Fed; the S&P 500's new real estate sector; and why one Baton Rouge organization is relying on gift cards to help flood victims. 

Lane Wallace

Today Citigroup is out with its latest national election forecast, and it has upped the Republican candidate’s chances of winning from 35 percent to 40 percent since last month.

Noah Feldman

The recent flooding in and around Baton Rouge, Louisiana displaced over 120,000 people from their homes. Many people ended up crashing with family or friends, not staying in shelters. But relief organizations still direct supplies and donations to those shelters. So a group called Together Baton Rouge had another idea that would get people what they need, when they need it, and help disaster relief keep up with the times.

Patti Clement lost her car, her house, and almost everything inside it during the August flooding.

S&P 500 gives real estate a sector all its own

Sep 19, 2016
Gigi Douban

As of today, there’s a new kid on the block in the world of S&P 500 sectors: real estate. Until now,  the S&P Dow Jones Indices had lumped real estate in with the financial sector. This makes real estate the 11th sector in the S&P 500, which rarely adds categories. But experts say it was time.  

Imagine the S&P is like that grandmother who pinches your cheeks and tells you how big you’ve gotten. Also, you’re the homecoming queen. Everyone wants a piece of you. Grandma, or the S&P, talks your parents into giving you your very own room.

Oyler falls short on new school report cards

Sep 16, 2016
Amy Scott

Ohio’s latest school report cards are out, and the results for Cincinnati’s Oyler School aren’t pretty.