Business news

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.

Kai Ryssdal

Republican presidential nominee Donald Trump held a press conference at his new hotel in Washington, D.C. today.

There was the birther thing and there were veterans onstage offering their endorsements. But c'mon, we know what it really was, right? Here's what we heard:

Presidential debates get social media help

Sep 16, 2016
Mitchell Hartman

The nonpartisan Commission on Presidential Debates has a new media partner — social media.

Can Chicago’s recent plague of violence be cured?

Sep 16, 2016

Over Labor Day Weekend, Chicago’s death toll hit 500, making 2016 one of the most violent years in decades. That’s more homicides than Los Angeles and New York combined. It hasn’t been this bad since the crack cocaine-fueled gang wars of the 1990s. But focusing on the numbers alone doesn’t do justice to what’s actually happening, and more importantly, how we can end the violence. Natalie Moore, a Chicago native and longtime WBEZ Southside reporter, joined Marketplace Weekend to discuss the role economic inequality plays in urban violence today.

Sasha Aslanian

Last year, Luke Hillman began meeting with a group of sex buyers. They were guys he met online.

“Looking at them in a bar, you would have no idea,” Hillman said. ”They’re just normal guys.”

The men worked for some of the region’s most prominent employers: Microsoft, Boeing, Amazon. One was a radiologist. Another was a dentist.  

During their meetups in local bars, the men would discuss their “hobby” — hiring Korean prostitutes.

Marketplace Weekend Staff

What have you always wanted to understand better about money, but were afraid to ask? Confused about retirement? Credit cards? Opening a high-interest savings account? Investing in stocks or bonds? 

Let us know what's on your mind when your mind is on money.

Give us a call at 1-800-648-5114, send us a message on Facebook or tweet at us. We're@MarketplaceWKND

The pipeline to become a pilot

Sep 16, 2016

On today's show, we'll talk about Unilever's possible purchase of the Honest Company, a startup owned by Jessica Alba; two American Airlines subsidiaries that are pushing for more pilots by offering more pay; and the ancestral home of Donald Trump's grandparents: Kallstadt, Germany.

Unilever might buy Jessica Alba's Honest Company

Sep 16, 2016
Lane Wallace

The Honest Company, a natural home products startup, could be getting snapped up by a big buyer.

The Wall Street Journal is reporting Unilever is “in talks” with the five-year-old company founded by actress Jessica Alba, and could offer more than $1 billion in the deal.

Desperately need pilots? Try paying them more

Sep 16, 2016
Gigi Douban

Two American Airlines subsidiaries announced plans to boost the starting pay for regional pilots, in some cases increasing pay by 56 percent. On top of that, the regional carriers, PSA Airlines and Envoy Air, will offer bigger sign-on and retention bonuses, all in the hopes the move will ease a pilot shortage. 

Why the shortage? It’s way harder than it used to be to become a regional pilot. And the pay is terrible. 

The rise of Trump tourism in Kallstadt, Germany

Sep 16, 2016
John Laurenson

People come a long way for stuffed sow’s stomach, as you can imagine. This and the locally produced white wine. So, said Kallstadt mayor Thomas Jaworek, this village of just 1,200 inhabitants already has 300 beds in its hotels and 1800 places in its restaurants.

"Trump tourism?" I ask him.

"Very little."

But the fact that Donald Trump’s grandparents came from this tiny village not far from the River Rhine is starting to rival the sow’s stomach as Kallstadt’s claim to fame.

Trump said Ford's move to Mexico is a 'disgrace'

Sep 15, 2016
Kai Ryssdal

One more item about Donald Trump and his speech at the Economic Club of New York. Mr. Trump got to talking about manufacturing and yesterday's news that Ford's gonna move its small car division to Mexico.

Here's what he said: "To think that Ford is moving its small car division is a disgrace, its disgraceful. It's disgraceful that our politicians allow them to get away with it."

Should banks get an early peek at stress tests?

Sep 15, 2016
Kim Adams

A group representing some of America's top bank executives is arguing the Federal Reserve should be more transparent in its process for coming up with "stress tests."

The Committee on Capital Markets Regulation said in a new report that the process the Federal Reserve uses for coming up with the tests is so opaque, it might be illegal.

Donna Tam

Laurene Powell Jobs announced this week that she is increasing her commitment to redesign high school education by awarding $100 million to 10 schools in the U.S.

A month-to-month drop in U.S. retail sales

Sep 15, 2016

On today's show, we'll talk about a drop in U.S. retail sales; the costs and benefits of monitoring early prostate cancer; and a new sanctuary for retired chimpanzees.

Andy Uhler

According to the Organization for Economic Cooperation and Development, the Brazilian economy contracted by about 4 percent in 2015 and is expected to do the same this year. Unemployment sits at about 11 percent and inflation is rampant. After Dilma Rousseff was impeached earlier this year, the new government set about trying to figure out a way to fix thing. The latest solution being tossed around is privatization.

Reema Khrais

Students may be back in class, but many public schools are still scrambling to find teachers. Not only are fewer people coming into the profession, lots of teachers are leaving after just a couple years, according to a new report from the Learning Policy Institute. Last year, public schools were short some 60,000 teachers, and if things don't turn around, the shortage could nearly double within a couple years, the report said.    

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