Marketplace Minute: Recent Episodes
Marketplace | Cumulus Podcast Network
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Stocks close mixed; Fed takes in inflation report; UAW negotiations ongoing; McCarthy presents plan to avoid government shutdown.
Inflation was at 0.6 percent in August, an acceleration from July; IEA predicts energy prices will remain elevated the rest of the year; Fed expected to keep interest rates steady next week; New York City, Oregon sue Fox over 2020 election lies.
Stocks close down slightly; BP’s CEO steps down; Google goes to court; and Apple unveils new iPhones.
Government lawyers allege an online search monopoly; Biden administration wants changes to migrant farmworkers visa program; 2023 is already a new record for costly weather disasters; Detroit automakers and union apparently making progress, three days before potential strike.
The deal between the two packaged food companies is valued at $5.6 billion; Qualcomm renews agreement to provide chips to Apple; Wall Street observes September 11 anniversary; Consumer protection agency can’t police banking discrimination, federal judge rules.
Stocks rise; stock market and home values push net worth higher; credit card debt rises; UPS and FedEx will raise shipping rates.
Applications fell nearly 30 percent compared to a year ago; Kroger will pay $1.2 billion to settle opioid claims; Biden heads to G20 meeting in India; Walmart ends higher pay for some new hires.
Stocks closed mixed; FDIC says banks’ loan balances rose; China reportedly cracks down on iPhone use; new unemployment claims fall.
New applications for unemployment benefits declined to 216,000; Google to require disclosure of AI-generated political ads; Fed officials to make public remarks ahead of policy meeting; Online gig workers top 400,000,000 globally, report says.
Stocks fall; majority of service sector companies surveyed feel positive; Federal Reserve survey finds modest economic growth; exports and imports rise.
Prices come back down; the U.S. trade deficit widened in July; Kroger and Albertsons offload stores; Elon Musk reportedly borrowed from SpaceX the month he acquired Twitter.
Stocks fall; new research looks into long-term impacts of high interest rates; factory orders fall; oil prices rise.
Goldman sees less risk of a U.S. recession; UN World Food Programme to cut food aid in Afghanistan; China property developer Country Garden avoids default; Disney channels still dark on Spectrum as dispute continues.
Stocks close mostly higher; job growth has been slowing; labor force participation rate rises; manufacturing activity contracts at a slower pace.
The unemployment rate rose 3.8% in August; Wage growth moderated to 0.2%; UAW files labor complaint against GM, Stellantis.
Stocks close mixed; spending on games, hobbies, restaurants rises; prices rise 3.3 percent over the last year, unemployment claims fall
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Stocks rise; consumer spending resilient; Biden Administration proposes expanded overtime eligibility; private employers add 177,000 jobs
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Pending home sales rose in July; Idalia disrupts some oil, gas production; Raimondo says China is becoming ‘uninvestable’; U.S., European law enforcement take down malware network Qakbot
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Stocks rise; quits rate hits pre-pandemic level; consumer confidence falls; home prices rise in June
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The drugs cost the government nearly $51 billion; Job openings decline in July; Consumer confidence retreats in August; FDIC considers new rules for midsized banks
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Stocks rise; US and China form new working group on trade relations; interest on Federal student loans to start accruing this week; jobs data due on Friday - August 28, 2023
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Powell, Lagarde emphasize inflation fight; U.S., China agree to further trade discussions; Detroit auto workers authorize strike; 3M near $5.5 billion settlement over earplugs, WSJ reports
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Stocks rise; Fed says looser labor market, weaker growth needed; consumer sentiment mostly unchanged from July; Rite Aid reportedly preparing for bankruptcy
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Commerce Secretary Gina Raimondo this weekend heads to the world’s second largest economy; Whirlpool agrees to fine over cooktop flaw reporting; FAA to consider tighter regulation of charter airlines; Nordstrom, Gap report 8 percent sales drop
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Stocks fall; drop in aircraft orders push overall durable goods orders down; 30-year mortgages rise again; unemployment claims
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The Federal Reserve chair addresses an economists’ convention tomorrow; Proxy measure for business investment rises 0.5 percent; Initial unemployment claims decline to 230,000; August new vehicle sales are forecast to have increased 15 percent
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Stocks rise; services sector expands at slower pace; new home sales rise; half of CEOs think climate change is a business risk
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Google said the accusation displayed a ‘fundamental misunderstanding’ of its online ad business; Foot Locker, Kohl’s report shrinking quarterly sales; New home sales increased 4.4 percent in July; Hollywood writers’ union dismisses latest contract offer from big studios
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Stocks close mixed; mortgage rates and low inventory weigh on home sales; Dick’s Sporting Goods says markdowns lowered profits; Macy’s reports loss
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Sales of existing homes decline; More credit downgrades for regional banks; Arm prepares a big IPO; A possible new owner for Subway.
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Stocks close mixed; foreign investment in government bonds is weakening; NVIDIA to report earnings this week; new and existing home sales data expected
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China cuts an interest rate; Biden to visit Maui; BRICS nations meet this week; Cargill charters a wind-powered cargo ship.
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Stocks close mixed; bond yields have been rising this week; Commerce Department cracks down on Chinese solar manufacturers; retirement account balances rise
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Economic optimism is fueling the surge; Most economists don’t expect further interest rate hikes, Reuters poll finds; Deere & Co quarterly profit jumps 60 percent to $3 billion; China’s Evergrande files for U.S. bankruptcy protection
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Stocks fall; economy remains strong despite downbeat predictions; unemployment claims fall; Walmart sales rise
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Walmart earned nearly $8 billion in profit in its second quarter; Leading economic index deteriorates for 16th month; Initial jobless claims decline to 239,000; H&M to stop sourcing from Myanmar, Reuters says
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Stocks fall; building permits rise slightly; Target says sales fall; 30-year mortgage rates rise
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Target, Home Depot reported lower sales; Hawaii wildfire likely caused $3.2 billion in insured losses; UAW to take strike authorization vote next week; July housing starts increase amid single-family home shortage
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Stocks close down; retail sales report is a sign of a strong consumer; Home Depot sales fall; import prices rise
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Stocks close higher; several retailers will report earnings this week; new research looks at what women would earn for family care; Goldman Sachs predicts rate cuts next year
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U.S. Steel turns down a buyout offer from a rival; the Russian ruble falls to its lowest level since the Ukraine invasion; retail reports are coming this week; Goldman Sachs economists predict rate cuts next year.
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Stocks close mixed; portfolio management fees help drive PPI increase; consumer sentiment unchanged; IEA predicts oil demand will fall next year
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Inflation continues to moderate; new Omicron subvariant is on the rise; Disney raises prices for Disney+ and Hulu
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The Consumer Price Index for July comes in a bit below expectations; applications for unemployment benefits rise a bit more than expected over the past week; severe thunderstorms in the U.S. caused insured losses of $34 billion dollars in the first half of this year; Disney raises streaming prices.
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Stocks fall; Chinese consumers held back on spending; consumer credit card debt rises; WeWork says it could shut down
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Traders are watching Disney which will release its fiscal third quarter results after markets close today; federal regulators fine 11 investment advisors and brokerage firms $549 million; Sony says operating income fell 31 percent; Honda says profits in its latest quarter more than doubled from last year.
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Stocks fall; Moody’s cites rising interest rates and troubled commercial real estate loans; China exports fall; small business optimism rises
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Moody’s downgrades credit ratings for 10 U.S. banks; Private equity firm to buy Simon & Schuster; Italy imposes a 40 percent windfall tax on banks; Zoom requiring employees to come back to the office
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Stocks close up; Fed research says falling asking rents can predict inflation slowdown; Tyson Foods says sales under pressure; consumer credit rises
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Traders are trying to make up for losses last week; The freight trucking firm Yellow has declared bankruptcy; Saudi Aramco reported today that net profits were down almost 40 percent; Tyson Foods’ latest earnings report came in below expectations.
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Fewer jobs were created last month than expected; wages came in over expectations, outpacing inflation; Amazon and Airbnb report second quarter revenue above expectations while Apple disappoints.
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Stocks fall; worker output rises while hours worked falls; unemployment claims rise; Bank of England raises interest rates
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The Dow, Nasdaq and S&P 500 all open lower, by a half percent or less; first-time applications for unemployment benefits rose a bit last week, but are still in line with expectations; our summer heat wave is helping push up gas prices; Warner Brothers Discovery reports second quarter earnings.
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Stocks close down; Treasury Secretary criticizes Fitch’s credit downgrade; leisure and hospitality leads job gains; BofA no longer forecasting recession
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Fitch is the second agency to decrease U.S. debt rating; Starbucks reports mixed quarterly results; AMD chip sales plummet; Home loan applications declined last week
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Stocks close mixed; number of quits fell in June; manufacturing sector contracted in July; JetBlue profits rise
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BP’s quarterly profit plummets 70 percent; Toyota reports record quarterly profit; U.S. job openings total 9.6 million; X, formerly Twitter, sued nonprofit that combats hate speech
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Stocks up; demand for most types of loans falls; more mortgage holders are equity rich; jobs data and labor turnover report due this week
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The international benchmark Brent crude rose about 12 percent; U.S. gasoline prices rising; Eurozone economy grows again; Three European banks do not meet requirements in stress test
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Stocks rise; inflation continues to slow down; incomes rise after accounting for inflation; Procter and Gamble sales volumes fall
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The Commerce Department measured inflation in June at 3 percent; Oil prices rise for fifth week; Ford recalls certain F-150 pickup trucks due to braking problem; Eurozone inflation forecast to be 5.1 percent this year
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Stocks fall; business spending pushes up GDP; exports rise; jobless claims fall
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In the three months ending in June, the economy grew at a 2.4 percent annual rate; Initial jobless claims fell to a five-month low; Seven automakers make alliance to build EV charging stations; European Central Bank follows the Fed by raising rates by a quarter point
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Stocks close mixed; Powell says the central bank is looking for more evidence the economy is cooling; Fed staff not predicting a recession; new home sales fall
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Google, Microsoft report strong business, but Snap Inc. struggles; Hilton’s profits soar on strong demand; Banc of California buys stressed PacWest; Sales of newly-built homes decline in June
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Stocks rise across the board on Wall Street; Home prices rose strongly in May; One more rate hike expected as Fed begins two-day meeting.
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Albertsons, PACCAR and 3M surprised Wall Street; GM’s quarterly profit rose to $2.6 billion; Europe wrestles with how to transport Ukrainian grain
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Stocks up; FedEx faces labor challenge; IRS halts surprise home visits; Spotify prices up
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The two sides haven’t talked in nearly three weeks; Fed likely to raise interest rates again this week; Q2 earnings, so far, show slowdown compared to last year; Barbenheimer scores at the box office
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Stocks flat; Russia threatens Ukranian grain exports; record low state unemployment rates; extreme global heat
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The interbank program aims to speed up money transfers; Seven leading companies agree to voluntary AI safety measures, White House says; Walmart offers discounted subscription service to customers on government assistance; House passes bill to improve air travel with more pilots and air traffic controllers
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Stocks mixed; home sales drop; economic indicator predicts recession; movie theater chain drops tiered pricing for better seats
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American’s second-quarter revenues totaled a record $14.06 billion; Pfizer drug plant severely damaged by tornado; Weekly unemployment claims fall below 230,000; UPS, Teamsters agree to resume labor talks as deadline looms
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Stocks rise; USDA ramps up antitrust enforcement; bipartisan proposal to ban stock ownership in Congress
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The Biden administration proposed new rules for corporate mergers; U.S. Chamber of Commerce slammed the proposal; White House tackles hidden fees in rental market; Housing starts plunge 8 percent in June
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Stocks rise; spending up at restaurants, electronics stores; homebuilder confidence rises; BofA says profits climb
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Stocks rise; credit rejection rates increase across the board; Ford cuts the price of its electric pickup; China’s economic growth slows
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Traders are focused on second quarter earnings reports due this week from Bank of America, Netflix and Tesla; Russia pulls out of a deal that allowed Ukraine to export grain; China’s economy expanded much more slowly than expected over the spring; Treasury Secretary Janet Yellen is in India for a meeting of the G-20 countries.
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Stocks close mixed; big bank profits rise; Biden Administration announces new plan to forgive student debt; import prices fall in June
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Bank stocks pop after some megabanks reported better than expected second quarter earnings; UnitedHealth’s second quarter revenues jump 16 percent over the same time last year; the Biden administration kicks off a competition for $20 billion in clean energy grants from the Inflation Reduction Act.
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Stocks rise; services prices drive small overall increase; Delta Air Lines revenue hits record; unemployment claims fall
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The Producer Price Index is up 0.1% compared to a year ago; Initial jobless claims fell to 237,000 last week; U.S. online sales get boost from promotions; PepsiCo reports 10% quarterly revenue jump
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Stocks rise; prices rise three percent over the last year; economy growing at more modest pace; wage pressure easing
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Inflation in June registered 3 percent, less than expected; Microsoft says China-based hackers infiltrated email accounts at Western government agencies; Ticketmaster halts Taylor Swift ticket sales in France; A quarter of jobs in OECD countries could be replaced by AI, survey finds
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Stocks rise; small business optimism improves; online shopping prices fall in June; Federal judge rules Microsoft can buy Activision-Blizzard
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Regulators ordered the bank to pay back more than $100 million and to pay $150 million in fines; Threads has 100 million accounts in less than a week, Meta says; Ford Escape doors could open while SUVs moving, safety regulators say; Amazon starts Prime Day promotions as rivals also try to lure customers
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Stocks close up; vehicle inventories rise; auto lending falls; CPI and PPI data due this week
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Several Fed policymakers are scheduled to speak publicly ahead of expected rate hike later this month; Treasury Secretary Yellen returns from China with the promise of more economic dialogue; NATO allies expected to announce more defense spending; Citigroup expects U.S. stock pullback later this year
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Stocks fall; government jobs rise while leisure and hospitality jobs slow; unemployment rate ticks down slightly; USPS to raise stamp prices
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U.S. employers added 209,000 jobs in June; Treasury Secretary Yellen in China to improve economic ties; A.I.-powered robots featured at news conference at U.N. summit; Maritime nations reach net zero deal which critics say falls short
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Stocks fall; private sector adds almost 500,000 jobs; job openings fall in May; unemployment claims rise
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Private employers hired 498,000 workers in June while wages moderated, ADP reports; Job openings decline to a still-high 9.8 million; Weekly jobless claims rose slightly to 248,000; Yellen visits China to improve economic ties
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Stocks fall; some participants supported a rate hike at most recent Federal Reserve meeting; factory orders rise; Meta to launch Twitter competitor
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The parent company of Facebook and Instagram plans to launch a Twitter-like messaging app called Threads; Federal judge bars U.S. agencies from talking to social media companies about misinformation; UPS, Teamsters at loggerheads over labor deal; U.S. farmers grow more optimistic
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Stocks rise; low inventories could boost demand for manufactured goods; construction spending rises; markets closed on Tuesday - July 3, 2023
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Treasury Secretary Janet Yellen will head to China this week; Tesla deliveries beat expectations; LA hotel workers go on strike; production cuts for Apple’s headset.
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Stocks rise; President Biden looks at other options; consumer spending flat in May; inflation ticks down
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Justices ruled 6-3 that the Biden administration lacked the authority for the plan; Supreme Court rules 6-3 that web designer can deny same-sex couples; U.S. inflation falls to 3.8 percent; Inflation in much of Europe falls to 5.5 percent
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The Federal Reserve’s faster payment processing system will be used by 41 banks at launch; Google joins Facebook in promising to block news in Canada; Russia’s currency plunges after failed mutiny
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Stocks close mostly higher; consumer spending stronger than previously estimated; pending home sales fall; unemployment claims dip
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Sales were down 2.7 percent; Weekly jobless claims fall to 239,000; First quarter GDP revised up to 2 percent; Largest U.S. banks pass Fed’s stress test
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The Federal Reserve’s test shows 23 largest banks would still be able to lend in case of a severe global recession; Hackers reportedly accessed data at US Department of Health and Human Services; Apple close to $3 trillion valuation
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Stocks close mixed; Biden’s economic branding relies on unclear economy; Powell says interest rates haven’t been restrictive for long; imports fall
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Airlines have canceled or delayed tens of thousands of flights; UBS reportedly cutting workforce at Credit Suisse; Google to lay off some workers at Waze app; Ford laying off at least 1,000, Wall Street Journal reports; Volvo to adopt Tesla EV charging standard
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Flight delays and cancellations mount ahead of July 4 weekend; United Airlines CEO blames some of the problems on the FAA; Research claims Google’s video ad placements broke promises to advertisers
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Stocks climb; people more confident in their own finances; businesses order more durable goods; new home sales jump
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Consumer confidence improves; New home sales rise 12.2%; Home prices rose in April, but not enough to offset annual decline; Durable goods orders lept 1.7%; Flight cancellations mount amid thunderstorms in East Coast
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Flight cancellations top 1,000 this morning; Starbucks to clarify rules amid Pride decorations uproar; KPMG, Robinhood announce layoffs
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Stocks fall; plan will focus partially on rural areas; defaults on commercial real estate loans could rise; several economic data reports due this week
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Markets settle after initial shock of Russian revolt; central bank officials warn of tough decisions ahead; the Biden administration divvies up broadband funds; Yellen says more bank mergers could be coming.
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A daily pill for weight loss could be on the horizon; markets watch for fallout from Russian rebellion; Fossil fuel use remains high
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Stocks fall; new orders of manufactured goods decline; services sector expands at the second-fastest rate since April 2022; CarMax says sales fall
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3M agree to pay for cleanup; Starbucks baristas to strike over alleged Pride decoration ban; collapsed I-95 bridge reopening after just two weeks; stocks open lower
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3M agree to pay for cleanup; Biden Administration making it easier for Indians to renew visas; collapsed I-95 bridge reopening after just two weeks
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Stocks rise; mortgage rates holding steady; initial unemployment claims unchanged; Fed to propose higher capital requirements
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Existing home sales barely rose in May amid low inventory; Weekly jobless claims remain elevated at 264,000; World leaders in Paris to discuss global financial reforms; Bank of England hikes interest rate, along with other European central banks
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Two Silicon Valley startups can begin selling cell-cultivated chicken meat; Yellen calls for debt repayment breaks in times of climate disasters; Uber cuts 200 jobs
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Stocks fall; two more rate hikes are likely; FTC sues Amazon over Prime subscription practices; job openings rise in 13 states
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In House testimony, the Fed chair said inflation has “a long way to go”; European business group says firms taking headquarters out of China; Mastercard launches credit card recycling program; Rivian is adopting Tesla’s charging port
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Powell will likely face questions about the Fed’s interest rate outlook; Arc Automotive says it can’t eliminate risk of airbag inflator explosions; European business group says more foreign companies are moving Asia headquarters out of China
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Stocks fall; housing starts jump 22 percent in May; homebuilder confidence rises in June; mortgage forbearance shrinks
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Single-family housing construction jumped 22% in May; U.S. charitable giving plunged in 2022; Construction begins on power transmission line from Wyoming to California; Hyundai boosts EV investment
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A quarter of workers in a global survey plan to change jobs; Stellantis, Foxconn form joint venture to manufacture chips; Hyundai announces EV investments, as Ionic 5 comes under safety scrutiny
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US Secretary of State Anthony Blinken finally meets with Chinese President Xi Jinping, after months of delays; Swiss voters approve corporate minimum tax; Juneteenth is acknowledged by some, but not all, states as a holiday
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Unionized workers have authorized a walk out; Bank of England expected to raise interest rates; Vladimir Putin speaks at St. Petersburg International Economic Forum
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A China state-backed group is thought to have spied on hundreds of companies and government agencies; A Russian ransomware group is said to have compromised networks in U.S. state and federal agencies; Biden administration releases $930 million in grants for internet connectivity; China’s Xi meets with Bill Gates
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Employees should avoid discussing confidential information with chatbots, Google parent Alphabet said; Gates meet China’s leader Xi; UBS is latest bank to downgrade China’s 2023 economic forecast
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Major U.S. stock indexes rose more than 1 percent; Ticketmaster and Seatgeek pledged more transparent pricing; the European Central Bank raised its benchmark interest rate.
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The two companies plan to adopt an all-in pricing model; Retail sales rise 0.3 percent in May; Jobless claims held steady last week at 262,000; European Central Bank hikes interest rates by a quarter point
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European Union lawmakers voted to approve the world’s first set of comprehensive regulations for artificial intelligence; The Federal Reserve holds interest rates steady, but more hikes are likely; West coast dockworkers’ union reaches tentative labor agreement with shippers, terminal operators
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Stocks close mixed; Fed chair says pause will allow the central bank to assess additional information; mortgage rates fall; producer prices dip
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The Producer Price Index declined 0.3 percent in May; E.U. regulators say Google must break up its ad business; Bud Light is no longer the top-selling beer in the U.S.; Federal judge temporarily blocks Microsoft, Activision Blizzard merger
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The Fed is expected to pause its interest rate hiking cycle; Google launches AI tools for advertisers; U.S. judge temporarily blocks completion of Microsoft, Activision Blizzard merger; Starbucks denies removing Pride displays
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Stocks rise; food and shelter inflation picks up slightly; used vehicle price inflation stays elevated; small business optimism improves
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The consumer price index advanced at less than half the peak rate of 9.1% in June 2022; Lower inflation could help Fed pause rate hikes; Toyota unveils detailed EV plans; Up to $280 billion in COVID relief stolen, AP analysis finds
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FTC is challenging the merger as anti-competitive; Fossil fuel companies’ net-zero pledges ‘largely meaningless’, report says; Tesla chargers being adopted by more EV companies
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Stocks rise; income growth expectations fall in May; foreclosure activity picks up from lows; Fed to announce latest interest rate decision this week
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The Dow, S&P and Nasdaq all began the day up less than a half percent; JPMorgan Chase settles a lawsuit filed by one of Jeffrey Epstein’s victims; Nasdaq buys software maker Adenza; Silvio Berlusconi dies.
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U-B-S says it’s wrapped up its emergency takeover of Credit Suisse; Reddit users will be locked out of thousands of communities today as developers protest a new fee
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Stocks were up modestly across the board on Friday; The Eurozone fell into recession in the first quarter; and the U.S. Chamber of Commerce filed suit to block Medicare from negotiating on prescription drug prices.
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The S&P 500 is now officially in a bull market; it’s not clear how long the bull market will last because the Federal Reserve could raise interest rates again next week; shares of Adobe pop after the company says it will start offering businesses a new AI package deal; DocuSign stock rallied after it released its latest earnings report.
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President Biden and British Prime Minister Rishi Sunak announce an agreement for more transatlantic cooperation; General Motors vehicles will start using Tesla chargers.
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Major stock indexes gained ground on Wall Street; U.S. consumer credit rose at a 5-point-7 percent annual rate in April; Canadian wildfire smoke caused East Coast flight delays.
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At 261,000, weekly claims were at their highest level in more than two years; FAA delayed flights into New York, Philadelphia over wildfire smoke; Carvana forecasts profitable quarter thanks to cost cutting; GameStop fires CEO brought in for digital transition
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Investors are hedging their bets about whether the Federal Reserve will raise rates next week; U.S. solar panel installations increase, industry group says; Meta debuting Channels feature, similar to Telegram app
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Nasdaq falls more than 1 percent; China’s exports sink; most economists think the Fed will hold pat on interest rates next week.
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U.S. trade deficit grew by 23% in April; China reports 7.5% decline in exports; Canadian exports increase amid more demand for gold assets; Most economists predict Fed pause on interest rate hikes, Reuters poll finds
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Global economic growth will remain below pre-pandemic levels, OECD says; China reports drop in exports; CFPB report warns of increasing reliance on bank chatbots
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World Bank upgrades 2023 growth forecast . . . U.S., Saudi and European pro-golf tours merge . . . A modestly positive day on Wall Street
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Saudi Arabia is cutting oil production; Hollywood directors and studios have a tentative contract; Allstate pulls new insurance coverage in California
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Stocks rise sharply; average pay rises; unemployment rate ticks up; President Biden to sign debt ceiling bill
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Budget deficits could eventually shrink by $1.3 trillion, CBO says; JOLTS; Jaguar issues recall over battery fire risk; Germany inflation recedes to 6.1 percent
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Stocks close mixed; people more downbeat about the labor market; study finds wages don’t contribute much to overall inflation; housing prices rise
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Stocks close mixed; overall figures suggest job market remains tight; other signs suggest that the labor market could be loosening; EU sets price cap on Russian oil 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
November job gains were better than expected; Wages rose 0.6% between October and November; OPEC+ set to meet over oil production targets; Alex Jones files for bankruptcy 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 administration’s debt cancelation plan remains on hold until Supreme Court’s decision; Senate joins House in voting to avert railroad strike; Mortgage rates decline for third week - December 2, 2022 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 close mixed; consumer prices rise; incomes rise as savings rate falls; Senate passes bill to prevent rail strike
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PCE price index slows to 6% annual gain; Consumer spending outpaces inflation in October; Weekly initial jobless claims drop to 225,000; Swiss banks holding at least $48.5 billion in Russian assets
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GivingTuesday organization tallies record $3.1 billion in donations; House votes to avert rail strike, Senate up next; Fed Chair Powell signals slowing rate hikes
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Q3 GDP is revised up from 2.6 to 2.9 percent; Conventional mortgage loan limits cross above $1 million in some markets; 127,000 jobs added to private payrolls in November, ADP says; Job openings edge down to 10.3 million
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Lawmakers are set to impose labor deal on unions, railroads; Unions criticize planned Congressional action; Twitter no longer removing Covid misinformation
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Stocks fall; Congressional vote would impose September rail union deal; home prices fall; AMC Networks plans layoffs
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The Fed isn’t letting up on inflation; crypto lender BlockFi files for bankruptcy. - November 29, 2022
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Stocks close down; protests reportedly affecting Apple iPhone production; major US banks developing scam reimbursement system; Black Friday online shopping sales rise
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Apple stock fall over concerns about production of iPhones in China; Cyber Monday shoppers will find deals today on computers and furniture; Russia’s Gazprom said today it will keep natural gas flowing to Moldova.
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Stocks tumble in Asia; consumers expected to spend more than $11 billion on Cyber Monday.
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Stocks rise; labor market remains tight; Federal Reserve thinks slowdown in rate hikes appropriate “soon”; durable goods orders rise
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October capital goods orders rebounded from a decline a month earlier; Deere & Co posts strong profits; Weekly initial jobless claims rise to 240,000; Credit Suisse expects Q4 loss of more than $1.5 billion
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An FTX attorney said “substantial amount” of assets are gone; Unrest grows at Foxconn iPhone factory; U.S. expects G7 deal soon on Russian oil price cap - November 23, 2022
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Stocks close up; Biden blames legal challenges to student loan forgiveness plan; Best Buy sales fall; Dick’s says sales rise
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The OECD says the global economy will grow 2.2%; E.U. approves rule requiring more women on corporate boards; Best Buy sales slow, but not as much as feared; U.S. Labor Department issues rule to allow pension managers to consider climate change
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Saudi Arabia says there are no plans for an output boost; Crypto firm Genesis is trying to raise cash to prevent a crisis, reports say; FAA proposes ‘air taxi’ rule - November 22, 2022
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Marketplace Minute - November 21, 2022
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The rejections bring the nation another step closer to a crippling cargo rail strike; OPEC considering oil output boost, WSJ reports; Disney brings back former CEO Iger; Collection of Bob Dylan’s high school letters sell for $670,000
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Delegates attending the summit agreed to create a loss and damage fund – something long sought by developing nations and smaller countries. The fund will help deal with the consequences of climate change. The money would come from multiple sources - including rich nations and financial institutions. Details are to be hammered out at next year’s climate conference. - November 21, 2022
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Stocks rise; rising mortgage rates still pushing people out of the housing market; Biden administration announces guidelines for bankruptcy and student loans; Thanksgiving weekend shopping expected to rise
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Shares of Footlocker and Gap rose after they released better than expected third quarter earnings reports this week; new Biden administration guidelines should make it easier for federal student loans to be wiped away in bankruptcy cases.
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Russia agrees to honor the Ukraine grain deal for another four months; Twitter loses more workers.
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Stocks fall; building permits sink; Ticketmaster halts Taylor Swift ticket sales; unemployment claims fall
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New applications for unemployment benefits fell unexpectedly last week; Fed plans to keep raising interest rates; Starbucks workers set to strike.
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The House Financial Services Committee will hold a hearing next month on the collapse of the cryptocurrency exchange FTX; a bill to make it easier for employees to report cases of sexual harassment at work is headed to President Biden’s desk.
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Stocks fall; retail sales rise 1.3 percent from September; Target warns about consumer spending this holiday season; mortgage applications rise
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Retail sales in October rose 1.3%; Target forecasts lower holiday sales total, amid bargain-hunting; U.S. import prices fall 0.2%; European energy prices to remain high for now, Moody’s forecasts
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Number of FTX creditors could top 1 million, company says; FTX collapse could send BlockFi into bankruptcy, WSJ reports; Retailers Target, Lowe’s to report earnings - November 16, 2022
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Stocks rise; producer prices increase by less than expected; Walmart sales rise; Home Depot sales up while transaction count falls
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The producer price index rose 0.2 percent in October; Prices for goods rose 0.6 percent, but prices for services declined 0.1 percent; Walmart proposes $3.1 billion settlement of opioid lawsuits; Home Depot profits up 5.1 percent in Q3; Walmart Q3 revenues rise 8.7 percent
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Home Depot, Walmart, expected to show gains despite uncertain economic environment; Transportation Department fines six airlines, compels them to issue pandemic-era refunds; University of California academic workers go on strike - November 15, 2022
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The investment bank’s analysts say U.S. will narrowly avoid recession; COP27 delegates struggle to reach carbon trading deal; FTX says funds were taken from its accounts
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Stocks fall; Amazon job cuts could come this week; Tyson Foods says beef and pork prices fell; several retailers to report earnings this week
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FTX is under scrutiny after a week of turmoil; Twitter brings back official checkmark; U.S. regulators propose new methane rule; China says it will slightly ease COVID restrictions
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Stocks in Asia rose, following Wall Street’s spike; Regulators are probing FTX crypto exchange, reports say; Biden heads to COP27 climate conference
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Stocks rise; inflation expectations rise slightly; Twitter halts subscription service; Amazon to cut costs
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Stock markets jump; prices rose 0.4% in October; year-on-year inflation smallest since January; unemployment claims rise
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In October, annual inflation fell to 7.7% from a June high of 9.1%; Initial jobless claims totaled 225,000 last week; Biden administration proposes climate-related federal procurement rule; SEC’s Gensler criticizes lack of disclosure among crypto companies
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October prices likely surged 0.6% compared to September; Binance backs out of rescue deal to purchase FTX; U.S. unveils carbon credits plan at COP27
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Stocks fall; Meta CEO says revenue hasn’t kept up with expansion; RedFin shuts down home flipping business; mortgage applications fall
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Meta’s layoffs are the latest in the tech industry; Arizona voters approve more campaign finance disclosure; Adidas profits suffer after cutting ties with Ye, formerly Kanye West; Crypto exchange Binance agrees to purchase FTX
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Congressional candidates spent $3 billion, PACs spent another $3 billion, while party committees spent $1.5 billion; Warnock, Rubio were biggest spenders from their respective parties; California sports gambling initiatives defeated after $600 million in campaign spending - November 9, 2022
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Stocks rise; over a third of businesses say inflation is their biggest problem; Disney gains more streaming subscribers; AMC and Zoom to offer corporate meetings at theaters
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Experts say companies pledging net-zero plans should publish regular progress reports, among other measures; U.S. expected to unveil carbon credit proposal for developing countries; Some Tesla vehicles recalled over power steering concern; COVID restrictions at China factory delay iPhone shipments, Apple says
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A U.N. report says developing countries will need trillions of dollars in financing to reduce emissions and deal with climate change; Global food companies pledge to remove deforestation from their supply chains; Airbnb promises more transparent pricing - November 8, 2022
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Stocks rise; Meta announcement could come this week; China exports fall in October; consumer credit rises in September
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U.N. chief Guterres called for richest countries to help poorer ones reduce emissions; WTO says reducing trade barriers on low-carbon tech can reduce emissions; U.S. Congress candidates raise billions of dollars for midterms; Meta preparing layoffs, WSJ reports
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FEC: Senate candidates raise $1.5 billion, House candidates raise $1.9 billion; State ballot initiative campaigns raise $1 billion, according to Ballotpedia
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Job and wage growth continued but slowed in October; Musk says Twitter has massive revenue drop as layoffs begin; Carvana shares plunge as used car market takes turn
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Employers added 261,000 jobs in October, beating expectations; Hershey sales up thanks to strong Halloween; General Mills, Audi pause Twitter ads; U.S. completes sales from strategic petroleum reserve
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Economists expect an October gain of 200,000 jobs, smallest in two years; Twitter mass layoffs expected Friday; Pumpkin-spice drinks power Starbucks sales; DoorDash orders increase
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Day after Fed announces .75 point rate hike, Bank of England follows; Tech firms brace for slowdown; Jobless claims still near historic lows
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Weekly initial jobless claims fell slightly to 217,000; U.S. productivity rose less than expected in Q3; Microsoft pledges $400 million worth of cloud computing for Ukraine; CBS, ex-CEO Moonves to pay $30.5 million to settle allegations of corporate wrongdoing tied to sexual assault claims, New York AG says
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The central bank signaled its benchmark rate may end up higher than previously thought; Wall Street tumbles after Fed statement; Biden administration boosting energy cost help for low-income households; Russia says economy contracted 5% in Septembere - November 3, 2022
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Powell said rates could go higher than previously predicted; CVS and Walgreens agree to $10 billion opioid settlement; American Airlines pilots union rejects contract proposal
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CVS Health says it agreed to pay $5 billion over 10 years, in a proposed settlement; Russia resumes participation in Ukraine grain shipments deal; U.S. private sector added 239,000 jobs in October, ADP says; SEC collected $6.4 billion in 2022 over corporate wrongdoing
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The same group last month took down websites of U.S. state governments, airports; U.S., U.A.E. agree to $100 billion clean energy plan; Maersk sees global shipping slowing.
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Job openings jumped in September; Fed meets on rate hikes; FCC Commissioner says US should ban TikTok
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Employers had 10.7 million job openings on the last day of September; Uber lost $1.2 billion in Q3, sees rides rebounding; Delta Air Lines pilots authorize strike as labor talks continue; Paxlovid lifts Pfizer’s Q3 profits
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Saudi Aramco reported Q3 profit of $42.4 billion, BP profit surged to $8.2 billion; U.S. crude production increases to pandemic high; Judge blocks merger of book publishers
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President Biden plans to call for a windfall tax on oil companies; Administration announces changes to student loan system; Pay transparency law takes effect in New York City
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Economists are looking for signals that interest rate hikes are poised to slow; China’s manufacturing sector contracts in October; Twitter planning layoffs, reports say; Eurozone inflation hits 10.7 percent
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Russia again blocks Ukrainian grain exports out of the Black Sea; GM pauses advertising on Twitter after Musk takeover; The Fed to meet this week, raise rates further
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Stocks rise sharply; Fed rate hikes will take a while to slow down inflation; consumer spending rises after accounting for inflation; demand for Treasury bonds surges
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Wage hikes still aren’t keeping up with inflation; Exxon earnings report smashes expectations; Treasury website crashes.
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Amazon’s third quarter earnings report disappointed investors; Apple reports mixed end-of-year earnings.
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Stocks close mixed; economic growth follows two quarters of declines; mortgage rates rise; Caterpillar profits grow
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U.S. GDP grew at an annual rate of 2.6% during Q3; Q3 inflation gauge was at 4.2%, versus 7.3% increase in Q2; Weekly jobless claims remain low at 217,000; McDonald’s, Southwest deliver strong Q3 results
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The move comes as the CFPB said banks’ surprise overdraft fees are likely unlawful; Shell, Total Energies are latest oil giants to report big quarterly profits; Musk nears Friday deadline to complete Twitter purchase
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Stocks close mostly lower; new home sales down almost 11 percent from August; Boeing loses money in the third quarter; Facebook profits shrink by half
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New home sales fell 10.9% in September compared to August; 30-year fixed mortgage average rate hits 7.16%; Visa says transactions rose 12% in its last quarter; Boeing lost $3.3 billion dollars in the last quarter; U.S. natural gas prices decline on mild weather, strong production;
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Google’s parent and Spotify said ad sales growth slowed; Microsoft struggled due to weakness in personal computers; company earnings reports gloomy about the near-term future
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Home prices fell more than 1% between July and August; Consumer confidence drops; Elon Musk Twitter deal could close by Friday
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Both brands reported better than expected profit growth for Q3; S&P 500 companies, which have reported so far, show 7.3% sales growth in Q3, Evercore says; Change to federal mortgage standards expected to help minority borrowers; Adidas ends partnership with Ye (formerly Kanye West)
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Major fossil fuel companies could see profit growth of 68%, according to consultancy Deloitte; ExxonMobil, Chevron to report Q3 earnings this Friday; Fed likely headed for fourth rate hike of 75 basis points
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Stocks rise; FHFA says changes will make mortgage evaluation more inclusive; business activity slows; tech companies to report earnings
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Rishi Sunak wins the role of Conservative Party leader; Europeans are protesting inflation; U.S. business activity contracts; big tech companies report earnings this week
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The country is still reeling from COVID shutdowns; the RNC is suing Google; previewing economic data for the week
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Stocks rise; new workplace contribution limit is $22,500; budget deficit shrinks by half; Verizon loses customers
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Snapchat’s parent company said it expects no growth in ad sales; Social media stocks tumble ahead of earnings reports next week; American Express says full-year profits will be better than expected; E.U. leaders fail to reach deal on gas price cap, as Germany approves $200 billion aid package
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Justice Amy Coney Barrett rejected request to halt the Biden administration’s program; Federal judge dismisses another debt forgiveness legal challenge brought by six states; Railroad operators CSX, Union Pacific report strong Q3 profit growth
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Stocks fall; demand for homes continues to outweigh supply; unemployment claims fall; American Airlines profits rise
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The nation’s airlines say higher fares are not denting demand; Existing home sales decline 1.5% in September; Initial jobless claims fall to 214,000; Britain’s Truss resigns after economic policy flop
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The report says more customers are pushing back on price increases; CFPB funding mechanism is unconstitutional, federal appeals panel rules; EU leaders meet over energy prices
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Stocks fall; P&G says strong dollar hurting foreign sales; birth rate increased in 2021; economic activity growing modestly
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The changes could lower tax 2023 obligations for some; September home construction declines 8.1%; Spirit shareholders approve sale to JetBlue; Procter & Gamble reports more than $20 billion in quarterly sales
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The White House says more oil may be released from strategic reserve; European Union struggles to reach plan on energy prices; Quarterly earnings reports expected from Tesla, IBM.
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Marketplace Minute - Stocks rise; IRS to adjust standard deduction, tax brackets; Microsoft lays off employees; Netflix adds subscribers
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Johnson & Johnson and Goldman Sachs were the latest to beat analyst expectations; upcoming key earnings reports include Netflix and United Airlines; Manufacturing and mining industries post September gains; Paris protests latest flare-up of inflation anger in the E.U.
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In a bid to lower gas prices, more U.S. oil sales could be announced soon, Reuters reports; U.S. oil production increases, federal agency reports; Corporate earnings lift markets
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Stocks rise; BofA follows other banks in upping loan-loss reserves; over-the-counter hearing aids available; Education Department accepting student loan forgiveness applications
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Bank of America’s profits fell 8 percent in Q3; Retailers begin selling hearing aids over the counter; Ye, formerly Kanye West, to buy Parler; Britain reverses most tax cuts, spending plan
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IRS keeping free file program open for taxpayers who need it; Protests in Europe over inflation, working conditions; Gates foundation pledges another $1.2 billion for polio fight
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Stocks fall; JP Morgan sets aside more loan loss reserves; Kroger to buy Albertsons; retail sales unchanged in September
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Economists expected retail sales growth, but inflation pressures took their toll in September; Banks report lower Q3 profits; Kroger reaches deal to buy Albertsons; UnitedHealth reports strong Q3 profits
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A merger would create a new grocery giant to compete with Walmart; IRS sending letters to millions who haven’t gotten COVID relief aid; Netflix to debut $7 ad-supported plan
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Stocks rise; food, shelter and medical care push up prices; Social Security benefits to increase 8.7 percent; Delta Air Lines announces record revenues
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The annual rate of increase in core consumer prices rose to 6.6 percent; stocks tumble after inflation report; Social Security benefits to rise 8.7 percent in 2023; jobless claims last week rose by 9,000
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OPEC leader Saudi Arabia says cuts were an economic decision; OPEC downgrades 2023 oil demand forecast; Alex Jones handed $965 million defamation verdict
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Stocks fall; travel services get more expensive; Fed believes labor market will have to soften to reduce inflation; Pepsi says consumer demand is resilient
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Producer prices grew at 0.4% monthly rate; Mortgages hit highest rates since 2006; PepsiCo reports strong sales despite higher prices; Britain grapples with potential of more economic turmoil
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The global lending agency has lowered its global economic outlook; E.U. energy ministers meet to hash out elusive gas price deal; Nissan selling Russia business for about $1
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Stocks close mixed; inflation and labor still small businesses’ biggest problems; people lower one-year inflation expectations; PC sales slump
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Labor Department wants to expand definition of employee; Supreme Court considers California animal welfare law; Mexico sues Arizona gun dealers; GM to make solar panels, batteries
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JPMorgan Chase CEO Dimon, Bank of America sound recession warnings; Fed vice chair Brainard acknowledges risks to economy; Biden promises further military aid to Ukraine - October 11, 2022
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The winners showed helping banks avoids worse financial crises; Russia strikes Ukraine’s infrastructure in retaliatory strikes; E.U. aims for new plan on high energy prices by November; workers at Iran natural gas site join protests
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Yellen expressed concerns over the oil output cuts’ economic impact; Russia praises OPEC+ output cuts; China blasts U.S. chip export limits
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Stocks close down; major discounts expected this year; Rivian issues recall; big week for corporate earnings
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Stocks close down; unemployment rate falls to 3.5%; chipmakers report forecast falling sales; consumer credit rises in August
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Job growth slowed a bit last month, but employers still added 263,000 new positions; the Federal Reserve is expected to continue raising interest rates; a judge delays Elon Musk’s trial with Twitter.
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Higher prices are stressing consumers; European Union leaders meet in Prague today to try to tamp down energy prices
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Stocks fall; unemployment claims rise by 29,000; IMF to downgrade global growth forecast;
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Layoffs are climbing as as the Fed continues to try to cool the economy by raising interest rates; Elon Musk still has to come up with the money to buy Twitter; Peloton is cutting about 500 jobs.
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A former chief security officer for Uber was convicted yesterday of trying to cover up a data breach; some grocery stores in Britain are removing “best before” or “use by” labels on food.
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Stocks fall; President Biden criticizes OPEC decision; WTO downgrades forecast for global trade; services sector grows in September
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Prices paid by services industries declined; U.S. trade deficit narrows again; ending extreme poverty unlikely by 2030, World Bank finds; global trade growth likely to slow next year, WTO says
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President heads to Fort Myers, Florida; U.S. debt surpasses $31 trillion; Musk says he will buy Twitter after all
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Stocks jump; labor market shows signs of loosening; factory orders unchanged in August; EU moves toward requiring USB-C cable charging
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For the first time since September 2021, job openings fell below 11 million; E.U. adopts universal charging port rule for electronics; Ford sales dip as U.S. auto industry struggles with shortages; Micron to build large chip factory in New York state
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Justices agreed to hear two cases involving extremist content; U.S. new vehicle sales decline in Q3; U.S. preparing chip tech restrictions on China, reports say
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Manufacturing weakens; UN calls for stop to rate hikes; fraud and scams increasing on payment platform Zelle
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Hurricane Fiona in mid-September caused widespread flooding in Puerto Rico; Russia smuggled $530 million worth of Ukrainian grain, investigation finds; Europe facing risk of natural gas shortage, IEA says; Kim Kardashian to pay $1.3 fine over cryptocurrency Instagram post
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Oil-producing nations may cut output this month, reports say; Biden to visit hurricane-ravaged Puerto Rico; U.K. reverses tax cut plan after mounting criticism
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Stocks fall; services spending rises while goods spending falls; prices rise in August; JP Morgan Chase discontinues new safety deposit boxes
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The change came after states challenged the Biden administration’s plan; personal incomes, inflation rise in August; Eurozone inflation reaches record 10%; House takes up stopgap government funding bill
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Southwest Florida coastal areas suffered extensive damage; Ian likely one of the country’s costliest hurricanes; Florida’s major theme parks prepare to reopen
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Stocks fall; Hurricane Ian will challenge Florida’s insurance market; continuing claims rise; Meta reportedly plans hiring freeze
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Federal aid includes grants for temporary housing and repairs; Smith & Wesson faces lawsuits over mass shooting near Chicago; initial jobless claims fall to five-month low; Pentagon to send $1.1 billion in military aid to Ukraine
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Early indications suggest significant damage from the category four hurricane; federal help pre-positioned in Florida; thousands of flights canceled
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Stocks jump; British central bank tries to calm bond markets; EU says Nord Stream pipeline leak likely sabotage; LEGO Group reports strong first half
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The Biden administration will need congressional action for other efforts to fight hunger; Medicare Plan B premiums to decline 3% next year; E.U. suspects sabotage caused leaks in underwater gas pipelines; Bank of England to purchase U.K. bonds in effort to maintain financial stability
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Thousands of flights have been canceled, Gulf oil rigs, platforms evacuated; world stocks fall to two-year low as recession worries grow; U.S. banks, brokerages to pay $1.8 bn fine over communications on messaging apps
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Stocks close mixed; capital equipment orders rise; consumer confidence improves in September; new home sales jump in August
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Consumers’ assessments of current business conditions improved; U.S. gives final go-ahead for first national EV charging network; home prices declined slightly in July as interest rates rose; Meta takes down network of fake accounts spreading Russian propaganda about Ukraine
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The Dow is now down more than 20 percent from its peak; Fed officials commit to rate hikes despite market volatility; British currency down, despite Bank of England’s assurance
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Stocks fall; Russia’s invasion of Ukraine adds to other pressures on global growth; British pound falls on Monday; remote work accounts for over half of pandemic home price gains
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The value of the British pound fell to a record low early this morning; Apple is manufacturing iPhone 14 models in India; Amazon moves up holiday deals; Justice Department’s civil case against American Airlines, JetBlue partnership is headed to court tomorrow
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The S&P 500 index is down 23% this year; Atlanta Fed’s Bostic says substantial job losses can be avoided; Britain’s currency continues slide after U.K. government unveils spending, tax cuts plan
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Stocks close down; natural gas storage bodes well for winter supplies; FedEx plans to raise fees; Ford reportedly runs out of blue logo badge
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The SEC says Boeing agreed to $200 million settlement; much of Puerto Rico remains without power, businesses close; U.S. business activity contracts in September, S&P Global says; mortgage rates hit a 14-year high
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Labor Department watchdog says unemployment insurance fraud likely three times previous estimate; global EV sales reach new high; Apple Music is new sponsor of Super Bowl halftime show
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Stocks close down; Fed’s rate hikes are pushing yen’s value lower; Strategic Petroleum Reserve oil stocks at lowest since 1984; unemployment claims rise
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Central banks rose rates to battle inflation; Japan’s central bank maintained near-zero rates amid lackluster economic recovery; U.S. weekly jobless claims remain low; gas prices rise for the first time in 14 weeks
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Fed Chair Powell said chances of avoiding recession were ‘likely to diminish’; Fed sees unemployment rate rising to 4.4% by end of 2023; bank CEOs skeptical of “soft landing”
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Stocks fall; Powell says more hikes are coming; existing home sales fall; Walmart announces seasonal hiring plans
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The Fed’s benchmark rate could top 4%; average 30-year fixed mortgage rate rises to 6.25%; existing home sales decline 0.4% in August; UK to cap energy bills incurred by businesses
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Oil prices rose more than 2 percent after Putin’s announcement; Federal Reserve expected to announce three-quarter percentage point rate hike; FTC looking into Amazon, iRobot merger deal
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Stocks fall; bond yields rise ahead of Fed’s interest rate announcement; Ford warns of supply shortages; Gap reportedly cutting jobs
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Antonio Guterres told world leaders that all developed countries should impose a windfall tax on oil and gas companies; housing starts rebound 12% in August; major corporations commit to hiring 20,000 refugees; Ford warns of lackluster earnings
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Leaders converging at the U.N. urged for more financing for pandemic recovery and climate change response; 90% of Puerto Rico remains without power; cryptocurrency executive, investigated for collapse of Luna, TerraUSD, is an international fugitive
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Stocks rise; rising home costs causing builder confidence to sink; Puerto Rico loses power after hurricane; retail theft losses rise
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The Bank of International Settlements says global inflation must be tamed; U.S. homebuilder confidence slips for ninth straight month; 10-year Treasury yield tops 3.5%; Puerto Rico is again without power after a hurricane
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Nonprofit groups are launching the first comprehensive global database of fossil fuel reserves and production; Volkswagen targeting up to $75 billion valuation for Porsche IPO; Fed expected to hike rates again this week
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Stocks fall; FedEx CEO sees signs of a global recession; consumer sentiment rises slightly; Uber investigating cybersecurity breach
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Consumer sentiment continues to improve, but uncertainty ahead; Germany taking control of Russian-owned refineries; oil prices headed for third weekly loss; California enacts law focused on children’s online safety
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The department wants to incentivize companies to report suspected crimes; FedEx in cost-cutting mode as package volumes drop; hacker claims to have breached Uber’s network
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Stocks fall; consumer spending sends mixed signals; IRS plans new hires; mortgage rates eclipse 6 percent
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Retail sales rose 0.3%, opposite forecasts; Amtrak restoring canceled long-distance service after freight railway strike averted; weekly initial jobless claims fall to 213,000; buy now-pay later firms to face new regulations
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The deal, announced by the White House, averts a damaging strike; number of Americans working from home tripled, survey finds; lawsuit claims Tesla misled over self-driving features
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Stocks close up; producer price inflation is decelerating; Amtrak cancels trips ahead of possible rail strike; California sues Amazon
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The average rate on a 30-year mortgage topped 6%; core wholesale prices rose 0.4% from July to August; Google, U.S. government reach chip development deal; Jim Beam to expand production on projected strong demand
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Stocks see biggest single day losses in two years; Twitter employed foreign government spies, whistleblower says; E.U. to open single market to more Ukrainian trade
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Stocks fall after CPI report; gasoline price declines offset rise in health care, new vehicle and rent costs; supplemental poverty measure falls in 2021
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August’s consumer price index fell to an annual rate of 8.3%; markets swoon after inflation news; OPEC expects global oil demand to keep growing; U.S. coffee consumption has increased, report finds
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Former Twitter executive Peiter Zatko has accused the company of lax security practices; report on consumer prices expected to show lower inflation for second month; economists expect 75 basis point rate hike next week
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Stocks rise; people lower inflation expectations for gas, food and housing; rail unions threaten strike on Friday; Goldman Sachs reportedly plans layoffs
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A new executive order is focused on biotech manufacturing and research; freight railroads halt hazardous shipments amid labor dispute; Minnesota nurses go on three-day strike; Amsterdam’s airport asks airlines to cancel flights
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Lack of agreements raises threat of freight disruptions; Visa, MasterCard, American Express to identify gun store purchases; Johnson & Johnson agrees to $200M settlement of Australian lawsuits over pelvic mesh implants
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Stocks rise; restaurant profitability down; GM plans all-electric Chevy Equinox; Kroger sales rise
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The Labor Department’s forecast covers 2021-2031; Canada’s job losses grow; E.U. providing $5 billion in loans to Ukraine; German gas importer VNG asks for government help
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Citigroup won an appeal to retrieve funds sent in error; Biden in Ohio to tout Intel chip plant; E.U. officials consider range of responses to high energy prices
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Stocks rise; ECB says more rate hikes are likely; Europe sees some relief in natural gas prices; unemployment claims fall
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U.S. to provide $675 million in military equipment, and $1 billion in loans, grants; more than half of energy jobs, globally, are in clean energy, report finds; weekly jobless claims remain low at 222,000; European Central Bank raises interest rates by three-quarters of a percentage point
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Goldman Sachs predicts a 75 basis point hike; U.S. unemployment rate may need to double to tame inflation, report finds; E.U. wants ‘solidarity contribution’ from energy companies
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The shipping giant is preparing for a holiday rush; U.S. trade deficit shrinks for fourth straight month; United Airlines optimistic about ticket sales; E.U. drafting plan to cap Russian gas prices
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Prices are falling amid recession fears; Europe’s energy sector may need $1.5 trillion to cover spiking natural gas prices; California avoids blackouts, as heat wave continues
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Stocks fall; Juul to pay $438.5M; services sector expands in August; Volkswagen moves toward Porsche IPO
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Zelenskyy called on companies to invest in rebuilding Ukraine’s economy; Britain’s new prime minister, Liz Truss, said to be working on major energy aid package; Commerce Department to accept applications for chip subsidies starting in February
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New California to set standards for fast food workers’ pay, working conditions; OPEC+ scraps planned September oil output increase; Instagram faces $400 million E.U. fine over teenagers’ data; Lufthansa pilots to strike again this week
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Stocks fall; labor force participation rate ticks up; Black unemployment rate rises; Amazon reportedly reducing warehousing space
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The labor market remains resilient; Biden administration announced federal grant winners; G-7 nations announce a cap on Russian oil; Labor Day travel will be busy
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The CDC endorses updated boosters; Elizabeth Holmes is another step closer to serving prison time; an Amazon union gets a win.
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Stocks close mixed; Nvidia chips could help China’s military; productivity falls by less than previously reported; jobless claims fall
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Twitter says an edit button is the feature most requested by users; U.S. manufacturing activity slows in August; initial jobless claims declined again last week; average 30-year mortgage rate climbs to 5.66 percent
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U.S. blocks Nvidia and AMD advanced chips exports; eurozone inflation reaches 9.1%; Lufthansa pilots to stage one-day strike
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Stocks fall; ADP revamps report methodology; FDA approves new COVID boosters; Bed Bath and Beyond announces cuts
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Mississippi said it will tax forgiven debt as income; California’s legislature approves bill strengthening social media protections for children; ADP employment report shows slowdown in private hiring; Snap Inc laying off 20% of staff
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European nations are accusing Russia of weaponizing gas supplies; Wholesale gasoline prices decline; Markets down 5% after Powell warns of economic pain ahead; Fed officials say higher rates will persist for a while
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Stocks fall; transportation and warehousing job openings rise the most; consumer confidence up in August; home prices rise in June
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Job openings in July totaled 11.2 million; consumer confidence increased as inflation concerns retreated; U.S. home price growth is slowing; Arizona’s governor is latest U.S. official to visit Taiwan
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The FTC is suing a U.S. company for allegedly selling sensitive geolocation data; Tesla challenges Louisiana’s dealership rule; safety group says many vehicles’ automatic braking systems fall short at night
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Stocks fall; EU drafting proposals this week; Honda and LG teaming up on US battery plant; NYC considering congestion toll
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Stocks add to Friday’s plunge; indexes in Japan, Australia and South Korea all finish the day around two percent lower; Honda and the South Korean battery maker L-G team up to make batteries in the U.S.; $3 movies this Saturday.
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The dollar rose as Federal Reserve Chair Jerome Powell said the Fed wasn’t done raising interest rates.
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Stocks fall; Powell indicates more rate hikes to come; Moderna suing Pfizer over COVID vaccine technology; consumer spending rises
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Powell said interest rates must rise more, and for longer, to tame inflation; Fed’s preferred inflation gauge moderates slightly; consumer spending slows; House lawmakers ask Twitter to respond to whistleblower accusations
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Fed officials signaled higher interest rates will persist; new car buyers going into record debt, Experian says; Texas spent $1 billion more on electricity this year, watchdog says
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Stocks rise; GDP falls less than previously estimated; mortgage rates rise; unemployment claims fall
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A revision of Q2 GDP reduced contraction to 0.6%; Dollar Tree, Abercrombie & Fitch are latest retailers to report struggles; initial jobless claims decline by 2,000; Amazon to shut down its telehealth service
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43 million federal student loan borrowers to be impacted; critics point to cost, burden on those who’ve paid debts; California officials poised to ban gas-powered new cars by 2035
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Stocks rise; Biden Administration to cancel up to $10,000 in student debt; capital goods orders rise in July; pending home sales fall
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President Biden announced the biggest military aid package to date; business spending on equipment increased 0.4% in July; Goldman Sachs predicts half-percentage point interest rate hike in September
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The president is expected to cancel up to $10,000 of debt, with income limits; federal budget deficit shrinks to $1 trillion; IRS reviewing security amid increase in threats
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Stocks fall; median home prices are still higher than last year; rising wages and import prices push up inflation; Macy’s plans additional markdowns
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Peiter Zatko accused Twitter of cybersecurity flaws; private-sector business activity declines in August; federal regulators warn of fires for certain Kia, Hyundai SUVs
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Stocks fell as investors await Powell comments; Zoom struggling with post-shutdown growth; Alabama GE plant workers petition to unionize
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Stocks drop; Ford job cuts come amid shift toward EV and battery production; more manufacturing jobs returning to the US; Taiwan trade talks coming this fall
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Ukraine says it will ship 1 million metric tons more grain in August, than July; Cyprus announces discovery of large store of natural gas; economists expect Fed to hike rates 50 basis points in September, Reuters poll finds; French supermarket chain Carrefour freezes prices on 100 food and household items
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Marketplace Minute - August 22, 2022
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Stocks fall; farmers expanding amid higher crop prices; GM announces share buyback; Wayfair announces layoffs
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Transportation Secretary Pete Buttigieg warns of new rules if airlines don’t improve service; Deere & Co sales rise, but cost increases weigh on farm equipment maker; Wayfair is cutting 870 jobs; regulators probe Tesla’s in-car cameras
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Hackers could take control of newer Apple devices; airline unions urge carriers to avoid stock buybacks; The Big Ten Conference strikes TV deals
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Stocks rise; existing home sales fall in July; Kohls says middle-income consumers shopping less; unemployment claims fall
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Existing home sales are down 20 percent from a year earlier; Kohl’s lowers profit forecast amid steep discounting; weekly jobless claims remain near historic lows; freight railroad operators to abide by recommendation for 24 percent wage increase
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In a first, pharmacy chains were ordered to pay damages in an opioid addiction civil trial; Bank of America says overdraft fees down 90%; Treasury Secretary Yellen directs IRS to come up with modernization plan
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Stocks fall; higher spending offset by lower vehicle sales, gas prices; Fed minutes show rate hikes could slow down; Target profits fall
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Consumers kept up spending despite higher prices; Target, TJX Cos face difficult sales period; Planned Parenthood spending $50 million on November midterm elections; Pennsylvania ex-judges ordered to pay $206 million to child victims
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New tax credit limits on EVs affect dozens of models; Cineworld ticket sales struggle amid few blockbuster films; UK inflation hits 10.1 percent
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Stocks close mixed; new home construction could fall further; industrial production hits record; Walmart, Home Depot report higher sales
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Walmart said more people buying groceries at its stores; Home Depot sales grow amid high prices; American Airlines bets on supersonic jets; homebuilding tumbles in July
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Inflation Reduction Act’ is set to become law; Walmart makes a deal to offer Paramount+ streaming service; London’s Heathrow extends traveler
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Stocks rise; single family home construction projected to decline in 2022; apartment building construction rises; China cuts key interest rates
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Investors cautiously await a report this Wednesday on consumer spending in July; the Saudi oil company Aramco reports record second quarter earnings; Starbucks asks the National Labor Relations Board to temporarily suspend union elections; Britain approves a new Covid vaccine
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Oil prices fall in Asia; a new report finds that, by 2053, more than a thousand counties in the U-S will be part of an “extreme heat belt.”
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Consumers’ inflation expectations are cooling; major stock indexes posted strong gains; housing-affordability has fallen to a 3-decade low.
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Oil is headed for weekly gains; South Korea will pardon de facto Samsung leader; consumer sentiment moves up; UK’s economy shrank in the second quarter
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People no longer need to quarantine after exposure to the virus; Johnson and Johnson pulls talc-baby powder; electric vehicle maker Rivian reports a big loss
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Producer prices rose 9.8 percent in July, less than in June; first-time jobless claims rose last week; and OPEC lowered its projections of global oil demand through 2023.
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The index has risen 20 percent since it’s recent low; wholesale inflation slows; jobless claims rise; USPS is raising holiday shipping rates
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The cost of a gallon of gas falls below $4; economists say it’s too early to say the fight against inflation is over; Disney reports an earnings jump
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Gas prices down, groceries up.
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Gas prices are falling; Former President Donald Trump testifies in New York; Foxconn warms of slowing sales; H&M and IKEA exit Russia
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The money could be used to finance his deal with Twitter; Coinbase reports losses amid crypto crash; Honda’s hurt by chip shortages
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Unit labor costs, meanwhile, rose more than expected in the second quarter.
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Business are paying more to produce less; Biden to sign a CHIP bill; small business optimism is mixed; beef prices could keep climbing
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Consumer expectations were down in July; the U.S. sends more aid to Ukraine; Novavax says there’s a demand shortfall for its COVID-19 vaccine.
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A $740 billion climate, healthcare and tax bill is expected to pass the Democrat-controlled House later this week.
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The bill covers climate and healthcare; Pfizer makes another acquisition deal; COVID vaccine-maker BioNTech reports earnings; SoftBank plans to cut jobs
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The nearly $750 billion dollar bill heads to the House; China’s exports rose unexpectedly in July; SoftBank reports a record loss
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Economy adds half a million jobs; wages rise again
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U.S. economy added 528,000 jobs; wages rose 5.2 percent in July; China to issue unspecified sanctions against Pelosi; Amazon buys Roomba maker iRobot
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Senator Kyrsten Sinema, the final Democrat holdout, said she will back the measure; Equifax lawsuit claims erroneous credit scores were harmful; Alex Jones civil trial to focus next on punitive damages in defamation case
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Stocks close mixed; continuing unemployment claims fall; trade deficit falls as exports hit record; monkeypox declared public health emergency
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Weekly claims rose to 260,000; Bayer is selling more seeds and chemicals to farmers; Paramount Global gets boost from ‘Top Gun: Maverick’ film; Warner Bros Discovery to announce streaming plans
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The Transportation Department wants to compel airlines to refund tickets under certain circumstances; Toyota’s Q2 profit falls nearly 18%; Robinhood announces layoffs after disappointing quarter
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Stocks rise; oil cartel’s expansion is far less than previous targets; gasoline demand is weakening; service sector expands in July
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Central bank officials said they want to see inflation down convincingly; CVS Health Q2 sales rise 11%; Dolly Parton wins Carnegie philanthropy award; Nintendo console sales decline amid chip shortage
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Uninsured rate is at 8% thanks to insurance subsidies, Biden administration says; OPEC+ meets amid calls for more oil production; China imposes limited trade sanctions on Taiwan
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Stocks fall; job openings still exceed available workers; household debt rises; Uber says bookings hit record
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Job openings in June declined to 10.7 million; 4.2 million workers quit their jobs in June; Marriott sees bookings boom in Q2; Uber does record business in Q2
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BP, the final company to report, earned $8.5 billion in Q2; Maersk profit soars to $10 billion on strong shipping demand; U.S. to borrow $444 billion in Q3
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Stocks fall; new orders fall; Ukraine makes first grain shipment since invasion; Heineken says beer demand is strong
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Manufacturing activity grew at slowest pace since June 2020, ISM reports; Heineken beer sales up worldwide; USDA proposes tougher rules for salmonella contamination in frozen chicken products; Lufthansa pilots threaten to strike
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The shipment is the results of a deal last month to allow grain exports; markets rally in July; trial begins over book publishers’ merger deal
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Stocks close higher; consumer spending rises in June; inflation holds back income growth; Procter & Gamble planning more price hikes
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Exxon Mobil, Chevron both reported record Q2 profits; inflation advanced 1 percent in June, for its biggest monthly gain in 17 years; personal incomes and spending also advanced in June; U.S. secures $1.7 billion deal for Omicron-targeted COVID vaccine from Moderna
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$280 billion bill heads to Biden’s desk; Shell, Pfizer post records in earnings reports; US Bank fined for fake accounts
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Stocks rise; relatively lower inventory buildup helps push down growth; consumer spending rises; Mastercard says cross-border spending rises nearly 60 percent
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GDP declined 0.9 percent in the three months ending in June; Senate Democrats considering bill on climate change, Medicare prescription drug coverage, and other reforms; JetBlue wins bidding war for Spirit Airlines; Meta reports first quarter of revenue decline
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Fed Chair Powell says future rate increases may be smaller; GDP report due today will show state of the economy; federal debt lower than expected, CBO says
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Stocks jump; Powell anticipates additional rate hikes; vacation and sick days spike this year; durable goods orders rise
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Orders for big ticket items rose 1.9 percent in June; mortgage applications decline for fourth straight month; Teva agrees to $4.3 billion settlement of opioid lawsuits; Lufthansa passengers stranded as ground crews strike
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Microsoft earned $16.7 billion in profit, while Alphabet made $16 billion; Germany calls for natural gas conservation; consumer confidence declines on inflation concerns
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Stocks fall; GM taking steps to prepare for a slowdown; Russia cuts natural gas flows to Europe; new home sales fall
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E.U. nations agreed to voluntary gas consumption cuts; McDonald’s sales fell 3 percent in Q2; Coca-Cola benefited from reopenings of public venues; GM expects to ramp up production in second half of year
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Fed officials meet today and tomorrow; Walmart projects lower profits; Russia cuts natural gas flows to Europe
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Stocks close mixed; nearly half of businesses say sales rose in Q2; Weber exploring layoffs; NFL launches streaming service
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Russia bombed Ukraine’s port city despite agreement to allow grain exports; T-Mobile agrees to $350 million settlement over data breach; Tesla discloses second subpoena over Musk tweets; young adults are remaining closer to home, study finds
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Central bank policymakers are expected to raise rates by three-quarters percent; Yellen says economy remains healthy, despite recession worries; gas prices decline 66 cents from peak
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Stocks fall; manufacturers continue to face higher input costs; American Express says card spending hits record; FedEx halting Sunday deliveries in some markets
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S&P Global says business output contracted in July; American Express reports 30 percent spending growth on its cards; Verizon struggles to add subscribers amid inflation; Twitter lost $270 million in Q2
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The agreement would ease food shortages and rising prices; CVS drugstores in some states told to verify certain prescriptions won’t be used for abortions; Snap Inc reports slowing ad sales
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Stocks rise; continuing claims fall; Amazon buying One Medical; American Airlines posts profit
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At 251,000, initial jobless claims were highest in eight months; White House unveils $37 billion policing, social services plan; trucker blockade shuts down Oakland’s port; Russia resumes gas deliveries to Europe
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Economists predict 40% chance of recession over the coming year; federal regulators revoke Trump era limit on critical habitat designation; United Airlines misses Q2 profit expectations; strong demand fuels CSX railroad to $1.2 billion Q2 profit
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Stocks rise; median home prices rise; Europe proposes plan to reduce natural gas consumption; Tesla profits fall
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Existing home sales fell 5.4 percent in June; mortgage applications last week declined to a 22-year low; U.S. seeking consultations with Mexico over energy dispute; E.U. tells member countries to conserve natural gas
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Hasbro, Halliburton, Netflix had positive news for Q2; Senate moves ahead with chip manufacturing subsidies bill; Biden expected to announce new climate actions
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Stocks rise; building permits fall; Johnson & Johnson points to strong US dollar; Netflix loses nearly 1M subscribers
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June housing starts declined 2 percent; Dallas spot electricity prices soar amid heat wave; Hasbro Q2 profit up 10 percent; BofA survey of investment fund managers finds pessimism
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The Biden administration is sending $940 million to nine states; bill to subsidize more U.S. chip-making gains support in Senate; U.S. removes duties on certain Russian fertilizer
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Stocks fall; dealmaking slowdown hits bank profits; bank lending stays strong; homebuilder sentiment falls
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Stock funds, and retirement savings, lost value between April and June, Reuters says; CEO pay increases outpace workers’ wage gains in 2021, report finds; Bank of America reports Q2 income growth; Goldman Sachs profit declines 48 percent, amid fewer corporate deals
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Following Biden’s visit to Saudi Arabia, a senior U.S. official expects more oil production; Biden vows executive action on climate change; China real estate developers under pressure, amid mortgage-payment boycott
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Stocks rise; restaurant and bar spending continues to rise; Citigroup sets aside more credit reserves; industrial production falls
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Retail sales for June up one percent over May; U.S. import prices up 0.2 percent last month; NY businesses report prices received and prices paid were both down; Citigroup, Wells Fargo report earnings.
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Federal Reserve governor Christopher Waller says he supports a three quarter percentage point interest rate hike...but would be open to a bigger increase; the Fed’s inspector general says financial trades by Chair Jerome Powell and a former Fed vice chair did not violate any laws or ethics rules.
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The Producer Price Index, which measures prices at the wholesale level, is up; first-time claims for unemployment were up more than expected; JPMorgan Chase reports a bigger-than-expected drop in second quarter earnings.
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Stocks close mixed; energy costs push up producer prices; JP Morgan Chase prepares for downturn; unemployment claims rise
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Leaders of Ukraine, Russia the U-N and Turkey appear closer to a deal on resuming exports of Ukrainian grain from the Black Sea; we could see the strongest back-to-school shopping season on record this year.
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Stocks fall; prices up 9.1 percent over the last year; Delta Air Lines profits rise; Netflix partners with Microsoft for ad-supported subscription
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The June consumer price index was 9.1 percent; Delta Airlines reports $735 million in Q2 profits; Spirit Airlines again delays vote on Frontier takeover bid; Boeing delivers 51 planes in June, a milestone in its recovery from safety crisis
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The Fund says inflation, and higher interest rates, are posing risks; June Consumer Price Index expected to show slowing core inflation; Twitter sues Musk over soured acquisition deal
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Stocks close down; more business owners cite inflation as biggest problem; Peloton to outsource manufacturing; PepsiCo says demand remains solid
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PepsiCo reported little impact from higher prices for sodas, snacks; analysts watching airline earnings reports for signs of strain; London’s Heathrow Airport institutes capacity limit; Walmart to purchase EVs from startup Canoo
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Banks expected to report profit declines of 25-42%; Fed leaders offer differing strategies on interest rates; strengthening dollar near parity against euro
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Stocks drop; people moderate their expected spending growth; population growth rate slows; big week for corporate earnings
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Musk on Friday pulled out of his deal to purchase Twitter; Transportation Department completes 10 probes over delayed or denied refunds to airline customers; FDA gets first application for OTC daily birth control pill; Q2 earnings reports begin this week, amid inflation worries
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Prices are down about 34 cents from peak, according to AAA data; oil prices decline on global demand worries; Europe worries as Russia’s biggest gas pipeline shuts down for scheduled maintenance
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Stocks close mixed; economy adds 372,000 jobs; part-time employment falls; labor force participation rate ticks down
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The economy added 372,000 jobs in June; Fed’s Bostic, Daly say economy can handle rising rates; Spirit postpones shareholder vote on Frontier purchase offer; Biden administration releases $1 billion for airports
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Abe, assassinated at a campaign event, championed stimulus spending to grow economy; Fed, watching jobs report, is in period of “extreme data dependence,” Daly says; Theranos executive Balwani convicted of fraud charges - July 8, 2022
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Stocks rise; American energy exports help narrow trade gap; mortgage rates fall; unemployment claims rise
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Spikes in energy and food prices have pushed more people into poverty, U.N. report finds; House lawmakers ask CEOs of gunmakers to testify; jobless claims remain steady; FDA, Juul pause court fight
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Fef officials acknowledged interest rate increases could weaken economy, minutes of June meeting show; stocks moved higher on possibility of 50 basis points rate hike; Apple to launch ‘lockdown’ mode for iPhones; Ukraine war’s economic impacts at center of G20 meeting
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Stocks rise; job openings still remain elevated; Walmart planning new supplier fees; mortgage applications fall
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Job openings in may fell less than expected to 11.3 million; mortgage applications declined 5.4 percent last week; Senate Democrats appear to have a deal to lower prescription drug costs for seniors; oil prices fall on recession fears
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The president heads to Cleveland for remarks about pensions rescue; Smithfield Foods settles price-fixing lawsuit; E.U. leader warns of potential Russian gas cut-off - July 6, 2022
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Stocks close mixed; Biden decision could come this week; orders of manufactured goods rise; Ford sales increase
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Rate of growth in business activity in Europe slowed to a 16-month low; euro currency hits 20-year low against the dollar; IEA forecasts less demand growth for natural gas; Yum Brands close to selling KFC business in Russia
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Airlines canceled fewer flights than during the Memorial Day holiday; U.S. drug distributors prevail in West Virginia opioid case; U.K. judge rules Kellogg cereals too sugary to be considered healthy
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GM leaves vehicles sitting in storage; record-setting inflation in Europe; holiday travel bounces back
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Airlines face another holiday weekend travel test; gas prices decline as holiday travelers hit the road; Euro zone inflation hits record 8.6 percent; chipmaker Micron sees slowing demand
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Stocks have posted their worst first half of a year - since 19-70. The benchmark s-and-p-500 index is now down 21 percent from its high. The Nasdaq, which has a lot of tech listings, is down 30 percent for the year. Lots of uncertainty over inflation, interest rates, and how both will impact consumers and the economy. - July 1, 2022
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Supreme Court lifts an Obama-era plan; OPEC agrees to increase oil production; airlines warn about July 4 travel woes
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Consumer spending rose just 0.2% in May, according to the Commerce Department; A key index shows inflation hasn’t moved; Jobless benefits applications drop by 2,000; U.S. strikes a $3 billion deal with Pfizer to buy more COVID vaccine
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The purchase was ahead of an anticipated fall vaccination drive; Spirit delays shareholder vote on Frontier purchase offer; watchdog to review FAA safety oversight of Boeing production - June 30, 2022
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Fed chair committed to battling inflation despite recession risk; Discount airline merger vote tomorrow; Bed Bath and Beyond replacing CEO Learn more about your ad choices. Visit podcastchoices.com/adchoices
Amazon is the latest retailer to institute temporary purchase limits; E.U. proposes flavored heated tobacco ban; US appeals court denies Whole Foods workers’ lawsuit over BLM face masks; Toyota misses production target again Learn more about your ad choices. Visit podcastchoices.com/adchoices
Central bank officials say the economy can handle further interest rate hikes; FTC sues Walmart over money transfer services; Instagram still blocking abortion posts, The AP says Learn more about your ad choices. Visit podcastchoices.com/adchoices
: Americans are pessimistic about the economy; housing market shows no signs of cooling; FDA weighs more COVID boosters Learn more about your ad choices. Visit podcastchoices.com/adchoices
Price caps could come in the form of shipping and insurance limits; Saudi Arabia, UAE pumping oil near capacity, Macron says; Biden heads to NATO summit; Siemens invests in Electrify America, more EV charging stations promised Learn more about your ad choices. Visit podcastchoices.com/adchoices
Biden, European leaders consider price caps on Russian oil and natural gas, and a ban on Russian gold imports; Russia in default of bond interest payments, Moody’s says; Facebook, Instagram remove posts offering abortion pills Learn more about your ad choices. Visit podcastchoices.com/adchoices
G7 pledge Ukraine support; Durable goods exceed forecast; Airline cancellations continue Learn more about your ad choices. Visit podcastchoices.com/adchoices
U.S. poised to buy anti-aircraft system for Ukraine; Group of Seven leaders pledge to raise $600 billion for infrastructure projects in developing countries; the average price of a gallon of regular gas falls by four cents over the past two weeks Learn more about your ad choices. Visit podcastchoices.com/adchoices
It looks like Russia will default on its foreign debt for the first time in more than a hundred years; many U-S companies are still not saying anything about the Supreme Court’s decision to overturn Roe v. Wade. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; SCOTUS decision will impose new costs on people seeking abortions; new home sales rise; consumer sentiment falls Learn more about your ad choices. Visit podcastchoices.com/adchoices
Fed Chair Jerome Powell tells Congress the Fed is “strongly committed” to bringing down inflation; FedEx earnings match analysts’ predictions with upbeat expectations for the future; Netflix cuts about 300 employees. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The country’s biggest banks have passed the Federal Reserve’s annual stress test; European Union leaders meet to plan for living without Russian gas. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; average number of new claims has been rising; manufacturing activity slows; European Union grants membership candidacy to Ukraine Learn more about your ad choices. Visit podcastchoices.com/adchoices
The new analysis comes amid rising interest rates; Germany enters phase two of emergency plan as Russia curtails gas flows; initial jobless claims gain 2,000, but still low; FDA poised to ban Juul e-cigarettes from U.S. market, The Wall Street Journal reports Learn more about your ad choices. Visit podcastchoices.com/adchoices
Powell says curbing inflation is ‘absolutely essential’; U.S. to ship in 1 million pounds of baby formula from Mexico; federal regulators want longer vehicle black box recordings Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; Fed is still committed to raising rates to combat inflation; FDA will reportedly order Juul to stop selling e-cigarettes; CFPB looks into late fees Learn more about your ad choices. Visit podcastchoices.com/adchoices
The White House says as much as 50 cents per gallon, if states cut gas taxes, too; Putin says Russia growing trade ties with India, China, other emerging economies; IRS clears backlog of last year’s returns; auto industry executives urge Congress to pass $52 billion in subsidies for U.S. chip production Learn more about your ad choices. Visit podcastchoices.com/adchoices
President Biden is asking Congress to approve a three-month federal gas tax holiday; Fed chair Jerome Powell to testify at the Senate; Justice Department, Meta reach settlement over algorithmic discrimination in housing ads Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; existing home sales fall 3.4 percent; Kellogg Company to split into three companies; Supreme Court rejects Bayer appeal on Roundup suits Learn more about your ad choices. Visit podcastchoices.com/adchoices
Sales of existing homes in May declined 3.4%, as prices hit a new high; Marilynn Malerba is first Native American appointed U.S. treasurer; federal wildland firefighter pay increases to kick in after long wait Learn more about your ad choices. Visit podcastchoices.com/adchoices
The president says he’s aiming to decide by the end of the week; former Tesla employees sue, alleging improper layoffs; JetBlue increases offer to buy Spirit Airlines Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks close mixed; industrial production rises at a slower pace than in April; CEO survey shows majority expect recession before end of 2023; FDA authorizes COVID vaccine for young children Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Food and Drug Administration is giving emergency use authorization for vaccines for the very young; the European Union’s executive arm recommends that Ukraine and Moldova be allowed to join; retailers face backlash for selling Juneteenth merchandise. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The World Trade Organization reaches an agreement on a partial waiver of patents on Covid-10 vaccines; President Biden signs a bill aimed at reducing overseas shipping costs. - June 17, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks fall; average claims remain near multi-decade lows; new home construction projects fall; mortgage rates hit highest level since 2008 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Central banks in Switzerland, Hungary and the U.K. raised rates to combat inflation; home construction plummeted in May to a 13-month low; Michigan baby formula plant halts production again amid flooding; weekly initial jobless claims decline slightly to 229,000 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Marketplace Minute - June 16, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; Fed rate hike is largest since 1994; retail sales fall in May; oil demand predicted to outpace supply through 2023 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Retail sales fell 0.3% in May; cost of imported goods show signs of moderation in May; mortgage rates hit 14-year highs; automakers report nearly 400 crashes involving advanced driver assistance systems Learn more about your ad choices. Visit podcastchoices.com/adchoices
Analysts increasingly expect the Fed to raise rates by 75 basis points; bond yields spike in anticipation of Fed move; European Central Bank holds unscheduled meeting amid concerns over bond market - June 15, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks close mixed; transportation and fuel costs push up producer prices; real estate brokerages announce layoffs; Apple partners with Major League Soccer Learn more about your ad choices. Visit podcastchoices.com/adchoices
The producer price index gained 10.8 percent in May; Coinbase cutting 18 percent of workforce; OPEC maintains 2022 forecast; Spirit to decide on JetBlue takeover offer by month’s end Learn more about your ad choices. Visit podcastchoices.com/adchoices
Marketplace Minute - June 14, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
The S&P falls into a bear market; cryptocurrencies crash; FDA says a COVID vaccine is effective in young children Learn more about your ad choices. Visit podcastchoices.com/adchoices
Yelp, DuckDuckGo, Spotify sign onto letter in support of bill; FDA analysis finds Pfizer’s COVID vaccine is safe and effective for children under 5; Supreme Court rejects appeal of opioid-related criminal conviction of drug company executive; Learn more about your ad choices. Visit podcastchoices.com/adchoices
The bipartisan agreement would providing new funding to states and schools; report casts doubt on majority of corporate net-zero pledges; markets decline amid uncertainty - June 13, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks fall; prices up 8.6 percent over the last year; consumer sentiment falls; Fed to raise rates this coming week Learn more about your ad choices. Visit podcastchoices.com/adchoices
Consumer prices in May rose 8.6% year over year; Fed policymakers to consider next interest rate hike next week; federal regulators increase scrutiny of Tesla’s partially-automated driving system; Sriracha hot sauce maker halts production due to chili pepper shortage Learn more about your ad choices. Visit podcastchoices.com/adchoices
Adjusted for inflation, gas prices are not at a new record; Yellen says no indications of U.S. recession; fire hobbles Texas LNG facility, dents gas exports to Europe - June 10, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; China lockdowns, higher export prices shrink trade gap; Target plans inventory reduction; consumer credit rises Learn more about your ad choices. Visit podcastchoices.com/adchoices
The orders are in anticipation of regulatory approval, which may come next week; initial jobless claims rise by 27,000, but are still relatively low; PG&E, the largest U.S. utility, pledges 70 percent renewable power by 2030; Europe’s central bank plans rate hikes, in surprise reversal of policy Learn more about your ad choices. Visit podcastchoices.com/adchoices
The bill would bar tech companies from favoring their own businesses in search results and other services; Microsoft to stop enforcing non-compete requirements for most U.S. workers; Ukraine war worsening global poverty, U.N. report finds; major broadcast TV networks to carry January 6 House hearing live in primetime Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks fall; Treasury Secretary says lowering tariffs could help bring down prices; SEC proposes changes to retail stock trading; mortgage applications fall Learn more about your ad choices. Visit podcastchoices.com/adchoices
OECD boost inflation forecast while downgrade growth projection; Turkey backs Russia’s call for sanctions relief in return for safe passage of grain exports; Amazon removed 3 million counterfeits last year, retailer says; group led by Walmart heirs to purchase Denver Broncos NFL team Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Treasury Secretary says an upward revision is likely to the 4.7% inflation forecast; Novavax’s COVID vaccine gets FDA advisory panel recommendation; SEC Chair Gensler expected to unveil stock market reform proposals - June 8, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; China lockdowns, higher export prices shrink trade gap; Target plans inventory reduction; consumer credit rises Learn more about your ad choices. Visit podcastchoices.com/adchoices
The trade deficit declined by a record 19.1 percent; EU to require most mobile electronics to use same charging port by 2024; states get first round of funding to expand broadband access; Target cuts quarterly earnings forecast amid excess inventory Learn more about your ad choices. Visit podcastchoices.com/adchoices
Justices rules on arbitration requirement exemptions, which could impact some gig workers; Apple to enter installment payments business; U.S. asks Mexico to investigate potential collective bargaining violations at Stellantis plant Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; Biden addresses unavailability of solar parts; companies issue warning signs about consumer spending; Supreme Court rules on baggage handlers’ overtime disputes Learn more about your ad choices. Visit podcastchoices.com/adchoices
Wheat prices rose 4%; President Biden invokes Defense Production Act to boost American manufacturing of clean energy products; Australian court has ordered google to pay $515,000 in a defamation lawsuit; battle over Spirit Airlines intensifies as JetBlue improves offer Learn more about your ad choices. Visit podcastchoices.com/adchoices
Biden administration considers removing some Trump-era tariffs to lower consumer prices; U.S. to pause some tariffs on solar panels; global oil prices rise after Saudi Arabia hikes its prices; Abbott Nutrition restarts largest baby formula plant in U.S. - June 6, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks…closed down on Friday; The economy added three hundred and ninety thousand jobs in May; The same report found that average hourly wages in May; And Tesla is planning to cut roughly 10 percent of its workforce . Learn more about your ad choices. Visit podcastchoices.com/adchoices
U.S. employers added 390,000 jobs; American joins other airlines in reporting strong bookings despite higher prices; Tesla owners reported more than 750 sudden braking complaints, U.S. regulator says; Uber is an employer, Swiss high court rules Learn more about your ad choices. Visit podcastchoices.com/adchoices
GM’s Cruise approved to operate in San Francisco; bank executives warn of economic threats; EPA proposes to strengthen states’, Native American tribes’ ability to oppose energy projects - June 3, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stock closed up on Thursday; Private companies added fewer jobs in May than they did in April; Microsoft says that profits this quarter could take a hit; The number of people signing up for unemployment benefits Learn more about your ad choices. Visit podcastchoices.com/adchoices
The group agreed to increase exports over the summer; private payrolls add less-than-expected 128,000 jobs in May; weekly initial jobless claims total 200,000; Microsoft says earnings dented by strengthening dollar Learn more about your ad choices. Visit podcastchoices.com/adchoices
The group of oil-producing nations has so far resisted calls to increase global oil supplies; oil prices fall ahead of OPEC Plus meeting; Fed survey shows early signs of changing consumer behavior; influential Meta executive Sandberg to depart Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks fall; number of job openings remain near record highs; manufacturing sector grows; Delta Air Lines predicts revenue will return to pre-pandemic level. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The talks come as the U.S. works to counter China’s economic influence in the Asia-Pacific; factory activity picks up in May; job openings decline, still high at 11.4 million; luxury brands Versace, Michael Kors, Jimmy Choo see strong quarterly sales Learn more about your ad choices. Visit podcastchoices.com/adchoices
Conservative and liberal justices joined in the 5-4 ruling against Texas; gun manufacturer Glock sued after New York subway mass shooting; Seattle city council approves minimum pay requirements for food delivery workers - June 1, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks fall; home prices rise in March; EU bans most imports of Russian oil; consumer confidence dips Learn more about your ad choices. Visit podcastchoices.com/adchoices
Home prices rose 20.6 percent on an annual basis, Case-Shiller reports; oil prices surge after E.U. agrees to shun most Russian oil; Eurozone inflation hits record 8.1 percent; Spain’s legislature considers bill to require humans to answer customer service calls Learn more about your ad choices. Visit podcastchoices.com/adchoices
The embargo is expected to affect 90% of Russian oil deliveries to the E.U.; Russia cuts off natural gas exports to the Netherlands; Biden backs Powell’s efforts to tame inflation Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; consumer spending stays strong, while prices rise by less than before; personal saving rate hits lowest level since 2008; consumer sentiment falls Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Federal Reserve’s preferred inflation gauge slowed to a 0.2 percent increase; April consumer spending rose 0.9 percent, outpacing inflation; G7 countries agree to clean power target by 2035; Florida sets new rules to recertify condo buildings Learn more about your ad choices. Visit podcastchoices.com/adchoices
Driving season is forecast to kick into gear despite higher gas prices; Ukraine’s Zelenskyy criticizes delay in new Russia sanctions; Bank of America analysts expect Fed rate hike pause in September - May 27, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Marketplace Minute - May 26, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
The White House says a strong economic recovery aided budget deficit reduction; Macy’s reports strong Q1 earnings on shift to formal, luxury purchases; weekly initial jobless claims tick down to 210,000; CEO pay rose 17.1% last year, The AP finds Learn more about your ad choices. Visit podcastchoices.com/adchoices
Rates are likely to rise by 1 percentage point this summer; 8 out of 10 U.S. cities lost population early in the pandemic; Musk revises Twitter purchase financing Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; minutes show support for additional half-percentage point hikes; durable goods orders rise; report says ports of Los Angeles and Long Beach are the world’s least efficient Learn more about your ad choices. Visit podcastchoices.com/adchoices
Core capital goods orders rose 0.3% in April, after 1.1% gain in March; durable goods orders rose 0.4% in April, also a slowing pace; Russia offers to allow food exports from Ukraine in return for sanctions relief; U.S. natural gas prices rise amid more need for power generation Learn more about your ad choices. Visit podcastchoices.com/adchoices
E.U.’s leader also accused Russia of hoarding food supplies to increase global prices; Pfizer to sell patented drugs at non-profit prices to poorest countries; Ford settles allegations of false advertising - May 25, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks close mixed; new home sales at two-year low; birth rate ticks up in 2021; Best Buy sales fall Learn more about your ad choices. Visit podcastchoices.com/adchoices
New home sales declined 16.6 percent amid rising mortgage rates; Snap Inc warns of deteriorating economic conditions; investors flee tech stocks following Snap’s guidance; Hyundai recalls 239,000 vehicles over exploding seat-belt parts Learn more about your ad choices. Visit podcastchoices.com/adchoices
In day three of the World Economic Forum, IMF chief says global recession unlikely; regulators ease rest rules for truckers transporting baby formula ingredients, packaging; small group of Activision Blizzard workers vote to unionize Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; ECB plans rate hike in September; average age of vehicles hits 12.2 years; Starbucks exits Russia Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ukraine’s president wants an Russian oil embargo and cutting off all trade; Starbucks permanently closing stores in Russia; Meta to make public targeting data for political, social-issue advertising; Sirius XM buys Conan O’Brien’s production company, podcast for reported $150 million Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Indo-Pacific Economic Framework is between the U.S. and 12 nations; Biden says considering cutting tariffs on Chinese imports; military transport plane delivers first shipment of baby formula to U.S. - May 23, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks close mixed; China tries to stimulate its economy; John Deere says it’s waiting on parts Learn more about your ad choices. Visit podcastchoices.com/adchoices
Biden visited a Samsung semiconductor chip factory; Russia to cut off natural gas flows to Finland; G7 agrees to nearly $20 billion in additional Ukraine funding; Zelenskyy praises U.S. Senate passage of $40 billion Ukraine aid package Learn more about your ad choices. Visit podcastchoices.com/adchoices
In South Korea today, the president will focus on building more chips in the U.S.; House passes bill to crack down on alleged energy price gouging; mortgage rates decline, in first retreat in weeks - May 20, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks fall; total number of people on unemployment remains low; existing home sales fall; Kohl’s says sales dropped Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ukraine is expected to need tens of billions of dollars in more aid; Kohl’s is the latest retailer reporting dismal earnings; the number of people on jobless benefits is at 52-year low; Ford recalls 39,000 SUVs due to engine fire risk
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S&P 500 index fell 4% yesterday and European, Asian indexes fell this morning; retailer earnings show consumer strain from higher prices; U.N. projects less global economic growth; Biden invokes Defense Protection Act to speed up baby formula production Learn more about your ad choices. Visit podcastchoices.com/adchoices
Marketplace Minute - May 18, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
The milestone comes even as crude oil prices are off their recent peaks; homebuilders slow construction, permits amid rising mortgage rates; U.S. Soccer has deal to equally pay men’s, women’s teams; Target quarterly profit halves as costs soar Learn more about your ad choices. Visit podcastchoices.com/adchoices
Powell said the central bank could move more aggressively to tame inflation; Allianz agrees to pay $6 billion to settle fraud charges; inflation in Britain hits 9% - May 18, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Marketplace Minute - May 17, 2022 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Higher prices in April did not deter consumers; Walmart profits squeezed by higher costs; Home Depot earnings rise; United’s Boeing 777 planes cleared to fly again, after mid-air engine failure Learn more about your ad choices. Visit podcastchoices.com/adchoices
Abbott Nutrition to restart the country’s biggest baby formula plant; FDA speeding review of foreign baby formula; Berkshire Hathaway regulatory filings reveal more investments Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks close mixed; Biden plan promotes denser housing development; China factory output falls; Weber sales drop Learn more about your ad choices. Visit podcastchoices.com/adchoices
McDonald’s says it will sell its restaurants in Russia; Starbucks to cover employees’ travel expenses for abortions; JetBlue launches hostile takeover bid for Spirit Airlines; White House heralds funding for 4,300 infrastructure projects Learn more about your ad choices. Visit podcastchoices.com/adchoices
India curbed wheat exports amid its own shortages; E.U. foreign ministers to meet on Russian oil embargo; Yellen to push Poland on global minimum corporate tax Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stocks rise; consumer sentiment falls in May; import prices flat in April; diesel prices higher
Elon Musk said he wants more information about spam and fake accounts; E.U. plans $520 million in new Ukraine military aid; Russia shuts off natural gas exports through one pipeline to Europe; Commerce Department begins process to create universal broadband
‘Soft landing’ may depend on factors central bank doesn’t control, Powell tells Marketplace; markets turn positive after earlier selloff; cryptocurrencies face large losses - May 13, 2022
The producer price index in April rose 11%; Volkswagen plans to build 800,000 fully electric vehicles this year; initial jobless claims hit 203,000 last week; Biden hosts Southeast Asian leaders to discuss strengthening ties
Russia is having trouble making tanks and other weapons, Commerce Secretary says; cryptocurrencies face selloff along with stocks; U.S. House passes bill granting presumptive healthcare to federal firefighters
Stocks fall; signs suggest inflation may have peaked; Ukraine shuts off major natural gas pipeline; Disney adds nearly 8 million streaming subscribers
The April consumer price index showed 8.3% growth; 30% of Ukraine’s workforce is jobless, U.N. agency reports; E.U. ends mask mandates on planes, at airports; Biden administration to provide more aid to U.S. farmers
The pipeline in Ukraine’s east carries up to a third of Russia’s gas exports to Europe; tech stocks rally, to help Wall Street partially recover recent losses; Senate confirms Lisa Cook, first black woman to serve on Fed board - May 11, 2022
CVS, Walgreens, Target and Kroger are limiting sales of baby formula; Hungary holds up deal on E.U.’s Russian oil embargo; Peloton reports bigger losses; Pfizer offers to buy migraine drug maker Biohaven
The S&P 500 index hit its lowest point in more than a year; oil prices fall amid demand concerns; gas prices hit new record, AAA says
S&P 500 profit growth could slow by more than a percentage point in Q2, analysis shows; April retail sales declined by 1%, The NPD Group says; White House says 20 internet companies to offer discounted broadband
S&P 500 notched fifth week of losses; dollar value surges to two-decade high; US imposes ban on Russian TV ads, business services - May 9, 2022
The Dow, S&P 500 and Nasdaq all start the day down more than a half percent; Boeing is moving its headquarters to Arlington, Virginia; the price of a forever stamp may be going up.
U-S gas prices rise faster than the cost of crude; FDA puts more limits on the J&J Covid vaccine. - May 6, 2022
Poland says the amount raised exceeded expectations; Kellogg sells less cereal, but brings in more money; weekly initial jobless claims rise to 200,000; FAA to bolster efforts to unclog Florida skies
The central bank will start reducing its asset holdings; crude oil prices rally in volatile trading; Shell reports record quarterly profit; OPEC+, meeting today, likely to maintain slow production increase
Stocks close higher; Fed says inflation is much too high; large employers add jobs in April; EU proposes Russian oil ban
The trade deficit in March rose to $110 billion; private industry added 247,000 jobs in April; Hawaii lawmakers approve $18 minimum wage; CVS Health doubles income
European Union’s leader proposes a phased ban of Russian oil imports; SEC says U.S. corporations should disclose Russia, Ukraine risks; Washington state reaches opioid settlement with Johnson & Johnson, drug distributors; Federal Reserve to wrap up meeting, interest rate hike expected - May 4, 2022
Stocks rise; quits up in construction and professional services; factory orders rise; Paramount+ adds 6.8 million subscribers
An analysis finds one in five container ships are stuck in traffic; U.S. hits record 11.5 million job openings, record 4.5 million quits; BP takes $24 billion Russia hit; copper, aluminum prices decrease
The central bank is expected to quicken the pace of rate hikes; 10-year Treasury yield reaches 3%; CNH Industrial workers go on strike; Amazon workers in NYC vote against unionizing - May 3, 2022
Stocks close higher; manufacturing growth slows; 10-year note tops 3 percent ahead of Fed meeting; Spirit rejects JetBlue’s takeover offer
The April slowdown was the second in two months; Spirit Airlines prefers Frontier takeover, instead of JetBlue; Italy, Greece, New Zealand relax pandemic travel restrictions; MGM Resorts offers $607 million to buy online gambling company LeoVegas
European leaders meet as Germany says it’s on track to wean itself off Russian oil; Buffett reveals new investments, including in Apple, Chevron, Occidental Petroleum; Russia backs off bond payments standoff; votes to be counted in another Amazon unionization effort- May 2, 2022
Average pay rose just 4.5 percent over the past year; Exxon Mobil earns $5.5 billion in the first quarter of 2022; Amazon reports a loss from its stake in Rivian.
Ukraine starts exporting corn through a Romanian port; Apple reports strong results for the first three months of this year, but warns of trouble ahead
Stocks rise; business investment and consumer spending stay strong; new unemployment claims fall; Unilever sales volume drops
The contraction is the first since the U.S. emerged from the pandemic-caused recession; Biden seeks new powers to use Russian oligarch’s assets for Ukraine; initial jobless claims decline to 180,000; Twitter grew revenue and daily active users in Q1
Germany, Italy and China were Russia’s biggest customers, study says; Ford lost $3.1 billion in Q1 due to Rivian investment; U.S. GDP growth likely slowed dramatically in Q1, analysts say
Stocks close mostly higher; Europe resisting Russia’s demand for rubles as payment for natural gas; trade deficit widens; retailers bulk up on inventories
Russia cut off natural gas exports to Bulgaria and Poland; report predicts painful U.S. recession to come; Boeing lost $1.2 billion in Q1; April auto sales forecast down 24%
Russia made good on threats to withhold natural gas to ‘unfriendly’ countries; Musk’s Twitter purchase depresses Tesla shares; Alphabet reports ad sales decline
Core capital goods orders rose 1% in March; Case-Shiller home price index shows near 20% annual gain in February; United Airlines increases trans-Atlantic flights; Kevin Hart launches new media company ‘HARTBEAT’
Musk has criticized Twitter’s content moderation policies; Bezos raises question of China influence on Musk’s Twitter; Biden admin to double availability of COVID antiviral pill
Twitter to accept Elon Musk’s $43 billion purchase offer, reports say; Coca-Cola earnings rise 16% as consumers return to venues; GM planning electric Corvette; Russia warns against more military aid to Ukraine
U.S. to provide Ukraine more heavy weapons; Twitter, Musk have begun negotiating, reports say; global military spending tops $2 trillion, think tank reports
Stocks fall; inflation weighs on services spending; AB InBev exits Russia; AmEx says cardholders are spending more
The credit card issuer says global spending in those categories more than doubled in Q1; AB InBev to sell stake in joint venture operation in Russia, Ukraine; workers at Starbucks’ Seattle flagship vote to unionize; French authorities issue arrest warrant for Ghosn
The President said Congress must appropriate more Ukraine funding; Musk secures nearly $47 billion for Twitter purchase, according to SEC filing; CSX, Union Pacific beat earnings expectations on strong demand, higher prices; United, American report Q1 losses but see brighter Q2
Thousands of borrowers are paying loans that should have been canceled, report says; Justice Department to appeal transportation mask mandate ruling; world financial leaders warn of debt crises in poor nations
March existing home sales declined 2.7%, while the median home price rose to $375,300; 30-year mortgage rates climbed to a 12-year high; Abbott Laboratories records quarterly sales jump, amid renewed demand for COVID tests; Procter & Gamble notches sales gains despite higher prices
Canada, Britain, Norway are also sending military aid; Energy Department offers operators $6 billion to keep nuclear plants open; Netflix considering ad-supported option amid subscriber losses - April 20, 2022
House starts advanced 0.3%, despite declining homebuilder sentiment; U.N. warns Ukraine likely to produce at least a third less grain; IMF trims global economic growth forecast; Johnson & Johnson reports slowing COVID vaccine sales
Major U.S. airlines dropped mask requirements after judge’s ruling; Stellantis halts van production in Russia; judge rules Amazon must reinstate fired worker at New York facility
The requirement applies to projects funded by the bipartisan infrastructure law; Bank of America profits down 12% in Q1 of 2022; Johnson & Johnson settles opioid case brought by West Virginia for $99 million; Infowars files for bankruptcy amid defamation lawsuits - April 18, 2022
The IRS has already issued more than $200 billion in refunds; China’s economy grew at disappointing pace in Q1 of 2022; Twitter adopts ‘poison pill’ strategy in effort to fend off Musk purchase; Activision discloses probes of stock trading - April 18, 2022
Moody’s joins Standard and Poor’s in warning of a Russian default by early May; Biden to nominate Michael Barr for Fed’s top regulator post; industrial production maintains growth in March; China COVID lockdowns could impact iPhones, Dell and Lenovo laptops - April 15, 2022
In earnings reports, banks reported a combined $3.3 billion in additional reserves; fertilizer giant criticizes railway congestion; U.S.-Mexico truck routes unsnarl as Texas relaxes inspection requirements - April 15, 2022
Stocks close down; spending on gas rises nearly nine percent; consumer sentiment rises by over 10 percent; mortgage rates hit 5 percent
Elon Musk wants to take Twitter private; March retail sales grew 0.5%; initial jobless claims rose slightly to 185,000; import prices in March rose 2.6%
The bank’s research finds 15% more spending this year, ahead of inflation; Amazon imposes ‘fuel and inflation’ fee; Biden approves $800 million in Ukraine military aid
In the year ending in March, wholesale prices rose more than 11%; Switzerland adopts latest E.U. sanctions on Russia; Yellen warns of ‘consequences’ for undermining Russia sanctions; Delta loses $940 million in Q1, JPMorgan Chase Q1 profits fall 42%
The U.S. is currently completing $800 million in military aid deliveries; Russian oil sanctions not yet fully felt, IEA says; China ramps up trade with Russia - April 13, 2022
Stocks fall; prices rise 8.5 percent over the last 12 months; Biden Administration looks to lift ethanol restrictions this summer; EIA says demand for gasoline will increase this year
The increase in the consumer price index was at a four-decade high; EPA to allow 15% ethanol gas blend to lower prices; Nokia pulls out of Russia; Honda to spend $64 billion on EV development
March inflation data is expected to show 8.4% yearly increase; Russia’s state news agency reports more than 10% economic contraction; Etsy sellers protest higher fees; Biden administration to allow more biofuel sales
Stocks fall; people’s inflation expectations rise; Ukraine’s economy projected to shrink by nearly half; airline staff shortages cause cancellations
The World Bank says Ukraine’s economy will shrink 45% this year; Russia’s ruble declines in value again; E.U. officials talk with OPEC about more oil production; newly-formed Warner Brothers Discovery debuts
European leaders are discussing an embargo of the key Russian export; U.S. gas prices down 10 cents; Russia’s credit rating downgraded; Musk won’t join Twitter board, Twitter’s CEO says - April 11, 2022
Stocks rise; wheat, maize and vegetable oil prices are up; EU hits Russia with new sanctions, oil rig count rises
Prices for globally traded food commodities rose 13% in March; Redfin says homebuyer demand cooling in some cities; Bank of America warns of U.S. recession risk; banks forecast to show 35% drop in quarterly revenues next week
The mandate had been on hold since January; oil prices headed for second weekly decline; Walmart offers as much as $110,000 starting pay for long-haul truck drivers - April 8, 2022
Stocks rise; new unemployment claims fall to 166,000; mortgage costs tick up; US announces restrictions on Russian airlines
The European Union is expected to approve a ban this week on Russian coal; the Justice Department says it disrupted a hacking effort tied to the Russian government; initial jobless claims fell to 166,000 last week; Postal Service wants to hike first-class mail price to 60 cents
In a speech, Ukraine’s president called on countries to stop buying Russian oil; IEA countries to release additional 60 million barrels of oil from reserves; Senate to take up bill to hike tariffs on Russian imports
Stocks fall; Fed plans hope to cool overheating economy; White House announces new sanctions on Russia; mortgage application volume falls
Russia’s finance ministry says it is making payments in rubles on dollar-denominated bonds; airline industry group chief says higher fares ahead; more stock buybacks expected this year; consulting firm McKinsey faces French tax probe
The White House says the sanctions are in part a response to apparent war crimes in Ukraine; Jetblue makes unsolicited bid to buy Spirit Airlines; Fed minutes to be released as Governor Brainard backs faster action - April 6, 2022
Stocks close down; exports and imports rise in February; services sector growth picks up in March; White House to extend student loan payment moratorium
The ban on imports of coal would affect $4.4 billion of more than $100 billion Russian energy exports to Europe; Elon Musk to join Twitter’s board of directors; U.S. natural gas futures spike on Texas production slump; IMF, global groups call for $10 billion a year in pandemic response funding
Stocks close down; exports and imports rise in February; services sector growth picks up in March; White House to extend student loan payment moratorium
Additional sanctions were being discussed, after photo evidence of potential human rights abuses in Ukraine; U.S. blocks Russia from making bond payments in dollars held at American banks; Facebook, Instagram initially blocked images of potential war atrocities in Ukraine
Stocks rise; orders of transportation equipment drop; Starbucks will halt share buybacks; JPM CEO details potential losses in Russia
JPMorgan could lose about a billion dollars because of its exposure to Russia; Saudi Arabia raises the price for its oil; Tesla CEO Elon Musk buys a stake in Twitter.
White House releases report on costs of climate change; Tesla Shanghai factory still shuttered. - April 4, 2022
Stocks rise; economy adds 431,000 jobs in March; professional and business services sector remains strong; Russia’s manufacturing sector contracts
The unemployment rate fell to 3.6%, just shy of its pre-pandemic level; Russian gas keeps flowing to Europe, as Kremlin signals patience for ruble payments; U.S. hikes vehicle fleet fuel efficiency requirement to 40 mpg by 2026; GM, Ford to pause some production next week
Oil-consuming nations, including India, Japan and South Korea, are meeting today; oil prices declined after U.S. announcement; Russian natural gas flowing to Europe, despite Putin threat; U.S. House passes insulin price cap bill - April 1, 2022
Stocks fall; Biden proposes fee on unused oil wells; consumer spending drops; mortgage rates rise
The Personal Consumption Expenditures Price index rose 6.4 percent in February; consumer spending slows to 0.2 percent gain; personal incomes rise 0.5 percent; weekly initial jobless claims rise slightly to 202,000
President Biden is poised to order release of up to one million barrels a day, according to multiple reports; gas prices retreat from March high; SEC proposes new rules for blank check companies; condo owners of collapsed Florida tower to get $83 million for property compensation
Stocks close down; private-sector jobs report shows gains in leisure and hospitality; Europe prepares to conserve natural gas amid dispute over Russian payments
ADP says businesses add 455,000 workers; U.N. warns of food crisis due to Ukraine war; U.S. GDP growth revised down to 6.9%; European natural gas prices spike on renewed Russian supply concerns
The warning comes as Russia’s escalates demands to be paid in rubles for gas exports; U.S. regulators sue to stop TurboTax from emphasizing free service; Vietnamese automaker to build EV plant in North Carolina - March 30, 2022
Stocks rise; quits rate remains elevated; Nielsen sells itself to group of private equity firms; home prices rise in January
February job openings total 11.3 million; February home prices increase 19 percent year over year; consumer confidence improves in March; private equity firms acquire Nielsen ratings company
The proposal would increase spending on defense and domestic programs, while increasing taxes on corporations and the wealthy; Republicans criticize proposal as harmful to the economy; markets rally as Russia, Ukraine meet for talks; Russia announces third bond payment
Stocks rise; Russia could be trying to boost the ruble’s value; trade deficit for goods shrinks; Walmart planning to stop selling cigarettes at some locations
Russia has demanded payment in its currency for natural gas exports; UAE backs oil alliance with Russia; China locks down its financial capital amid COVID spike; U.S. trade deficit in goods narrows in February
The proposal calls for the wealthiest .01% of Americans to pay at least 20% in federal taxes; Ukraine raises $70 million in crypto donations; U.S. regulators hike fuel efficiency penalties for automakers - March 28, 2022
Stocks close mixed; analysts say US could boost LNG capacity in the long run; inflation weighs on consumer sentiment; pending home sales fall
The deal will take months to finalize; new EU rules for online marketplaces could go into effect by October; VW delays launch of ID5 electric vehicle; GM to idle Indiana plant due to chip shortage
The deal seeks to eventually replace a third of Russian gas exports to Europe; Biden calls for Russia to be booted from G-20; EU officials propose new digital marketplace regulations - March 25, 2022
Stocks rise; report says growth slowdown will impact developing countries most; durable goods orders fall; unemployment claims drop
New sanctions also target the CEO of Russia’s Sberbank; initial jobless claims fall to 53-year low; durable goods orders decline in February; U.S., allies considering release of more oil reserves
President Biden is in Belgium for talks with NATO, G7 allies; Western countries to send more military, humanitarian aid to Ukraine; Moscow’s stock market reopens, in what the White House calls a “charade” - March 24, 2022
Stocks fall; US and UK end dispute over British steel and aluminum; Fed chair discusses digital currency risks; new home sales fall
Nestle will stop selling non-essential products like Nesquik and KitKat bars in Russia; Moderna says its Covid vaccine is safe for babies and toddlers; black boxes found in China plane crash.
The U.S. lifts tariffs on British steel and aluminum; workers at a Starbucks location in Seattle vote to unionize. - March 23, 2022
Stocks rise; White House asking Congress for additional funding for testing and treatment; student loan forbearance programs ending soon; more Russia sanctions this week
The White House has warned that Russian government hackers may be preparing cyberattacks against American critical infrastructure; Calif. Chevron refinery workers go on strike; natural gas prices rise on cooler weather forecast; Tesla delivers first cars from German factory
Officials say there are signs of increased preparatory activity; Goldman Sachs forecasts two half-point rate hikes in May and June; Canadian Pacific Railway resumes operations after work stoppage; Disney workers plan walkout in protest of Florida bill
Stocks fall; Powell says Fed could hike by more than a quarter percent this year; SEC proposes mandatory climate risk disclosures; oil prices rise
Prices rose amid discussions in Europe over a Russian oil embargo; FDA panel to meet on future booster plans; Boeing 737-800 plane crashes in southern China; Moscow Stock Exchange partially reopens
E.U. discussions on a Russian oil embargo would add to U.S. sanctions; oil prices rise again; Canadian Pacific Rail workers strike, threatening shipments
Stocks climb; median home price continues to rise; credit reporting firms to remove certain types of medical debt from reports; Toyota and Subaru suspend production after earthquakes
The International Energy Agency suggests steps such as reducing driving and air transportation; senate bill would ban Russian uranium imports; existing home sales plunge 7.2%; VW recalls SUVs due to sudden breaking
If enacted, the bill would allow for higher tariffs on Russian imports; PayPal enables payments to Ukranians; India buys 3 million barrels of Russian oil, AP reports - March 18, 2022
Stocks rise; initial claims remain near historic lows; Netflix testing new charges to share accounts; interest rates rise above 4 percent
Switzerland has vowed to comply with Russia sanctions; a 50-year low of 1.4 million Americans are collecting jobless aid; SUVs, pickups more dangerous for pedestrians, study finds; Cineworld expects bigger audiences in 2022
The International Energy Agency predicts a shortfall as Russia sanctions take full effect; U.K. Prime Minister fails to gain pledges of more oil output from Saudi Arabia, UAE; Senate committee moves Biden’s Fed nominees forward
Stocks rise; Powell says inflation will stay high through mid-year; Fed chair warns that Russia’s invasion of Ukraine will have economic impact; retail sales rise
The International Monetary Fund predicts higher inflation, supply chain disruptions and food insecurity due to Russia’s war in Ukraine; U.S. retail spending growth slows in February; Starbucks brings back longtime CEO Schultz
Biden is expected to announce $800 million in additional aid; Russia bond payments due today, default possible; Raskin withdraws Fed nomination - March 16, 2022
Stocks rise; OPEC says Russia’s Ukraine invasion could impact world economy; Senate seeks to make Daylight Savings Time permanent
Wholesale prices rose 10% in February, the same rate as January; U.S. online retail spending forecast to reach $1 trillion in 2022; U.S. airlines pare back capacity forecasts; oil prices continue downward slide
Prices for oil, copper, zinc and aluminum have declined; Russia allows its airlines to keep leased planes despite sanctions; Britain ends all COVID travel restrictions
Stocks fall; Shenzhen records surge in COVID cases; inflation expectations rise; Nebraska and Utah record lowest unemployment rates
The U.S. bank is the latest to exit Russia; Russia says it will make $117 million bond payments due this week; Hang Seng index falls 5.4 percent amid rising COVID cases in China; investors unveil climate action requirements for corporations
Russia has reportedly asked China for military equipment; Russian billionaire warns of fertilizer price spikes, food shortages; Uber imposes fuel surcharge; oil prices decline ahead of Russia-Ukraine talks - March 14, 2022
Stocks fall; White House pushes to downgrade Russia’s trade status; consumer sentiment falls; gas prices rise
Stocks open higher after positive comments from Russian President Vladimir Putin; bad news for Rivian shareholders; baseball is back
Senate approves federal funding bill; Toyota cuts production of vehicles in Japan because of supply chain kinks - March 11, 2022
Stocks fall; gasoline and food prices fuel inflation; catalytic converter theft claims skyrocket; IRS announces hiring push
New claims for unemployment were up last week; Amazon’s board approves a stock split; talks between major league baseball and the players union are still stalled.
Sony and Nintendo have stopped sending gaming consoles to Russia; President Biden signs an executive order on cryptocurrency
Stocks rise; gas prices still on the rise; President Biden signs executive order on cryptocurrency; job openings little changed in January
The Biden administration says the order marks the first comprehensive strategy to oversee cryptocurrencies; U.S. job openings, quits reach new highs; Google buying cybersecurity firm Mandiant; U.S. lawmakers ask Justice Department to investigate Amazon
The funding is expected to pass by the end of the week; Russia struggling to find buyers for oil, analysts say; Russia likely to default on some debt, Fitch says; Congress approves Postal Service reform - March 9, 2022
Stocks fall; gas prices rise again; small business optimism falls; trade deficit widens as imports of vehicles and industrial supplies rise
Blocking Russian oil imports has gained bipartisan support in Congress; European Union leaders to consider gradual reduction of Russian natural gas imports; the London Metal Exchange halts nickel trade after its price spikes; in reversal, Shell apologizes for buying Russian oil
Move comes amid concerns Russia may use digital currencies to evade sanctions; Russian banks consider Chinese payment system; government report says corporations have depressed wages by 20 percent
Stocks fall; traders react to a possible ban on Russian oil imports; gas prices up 12 percent from last week; consumer credit growth slows
Commodities linked to Russia and Ukraine are surging in price; Boeing halts Russian titanium purchases; Pepsi, McDonald’s, Uniqlo maintain Russia operations; Russian oligarch Lisin calls for peaceful end to Ukraine war
Russia is world’s third largest oil producer; global oil prices spike near $140 a barrel; U.S. average gas price tops $4 a gallon; Netflix, TikTok halt Russia service - March 7, 2022
Strong job growth in February; Administration considers banning Russian oil; Apple faces call for civil rights audit
Big consulting firms join the exodus from Russia; Honda and Sony join forces to make electric vehicles; REI workers vote to unionize.
Prices for commodities like wheat, aluminum and copper are also up; the French tire maker Michelin stops production at some of its European plants; economists expect a strong February jobs report later today. - March 4, 2022
Biden administration announces more sanctions agains Putin allies; Fed chair expects inflation to worsen; Rivian backtracks on price hike
RD-180 engines are used for satellite launches, and to take astronauts to the International Space Station; measure of U.S. services industry growth slows for third month in a row; initial unemployment claims fall to 215,000; Musk invites unionization vote at Tesla’s California plant
U.S. bans exports to Russia of oil refining technologies; Russia’s sovereign debt downgraded to junk status; Japan’s automakers halt Russian operations; oil prices continue to climb amid geopolitical uncertainty
Fed signals modest rate hike; Omicron slowed economy; Amazon to close brick and mortar stores
Apple, Ford, Boeing suspend operations, while Exxon Mobil to exit Russia business; Biden bans Russian planes from U.S. airspace; oil prices hit $110 per barrel on supply fears; OPEC+ meets to discuss output - March 2, 2022
Oil closes above $100 a barrel; Western countries agree to remove some Russian banks from SWIFT; 30-year Fixed mortgage rate drops below 4 percent
The price for WTI crude, the U.S. benchmark, topped $100 for the first time since the crisis began; cargo shippers MSC, Maersk halt Russia business; YouTube blocks Russian channels in Europe
Visa, Mastercard are responding to U.S. sanctions; Disney, Warner Brothers, Sony pause film releases; 20% of air cargo snarled; Starlink offers satellite internet to Ukraine
Russia’s invasion of Ukraine prompts Western businesses to cancel deals and joint ventures; Crude oil price keeps rising; Russia’s central bank hikes rates to 20% as currency loses value.
Russia’s invasion of Ukraine is affecting business investments, relations; Brent crude oil prices rise above $100; Russia’s central bank hikes rates to 20% as currency loses value; lessors expected to cancel hundreds of plane leases to Russian carriers
U.S., E.U. and other nations impose tough sanctions to punish Russia for its war in Ukraine; Russia’s currency, the rouble, plunges in value amid new limits on its central bank; Goldman Sachs forecasts price increases in certain commodities; gas prices rise 10 cents in U.S. - February 28, 2022
Stocks rise; consumer prices are up six percent from last year; SEC proposes additional short selling disclosures; durable goods orders rise
Stock indexes gained, after sanctions largely spared Russia’s energy sector; aluminum prices retreat as energy fears subside; Johnson & Johnson, drug distributors finalize opioid settlement; key U.S. inflation gauge up 6.1 percent in January
U.S. sanctions target additional Russian banks and limit trade; world leaders avoid targeting Russia’s oil, gas exports or kicking Russian banks off SWIFT; Russia’s currency recovers off record low; E.U. leaders to finalize new sanctions - February 25, 2022
Stocks rise; new sanctions follow Russia’s invasion; Ukraine suspends commercial ports; new home sales fall
Ukraine, wheat and corn exporter, reportedly closes shipping ports; new sanctions will pressure Russia’s economy, says the president of the European Commission; stock indexes plunge amid global economic uncertainty; the number of Americans getting unemployment aid hits 52-year low
Brent crude rose above $100 a barrel; investors sought safety in the dollar and other currencies, as well as bonds; European stock indexes opened sharply lower; President Biden promised ‘severe’ sanctions on Russia; China OKs Russian wheat imports
Stocks fall; Lowes sales rise; mortgage applications fall; President Biden announces new sanctions natural gas pipeline builder
Loan application volume fell 13 percent last week; Department of Transportation offers $450 million for U.S. port improvements; IEA says escaped methane could power Europe; Stellantis triples profits of PSA, Fiat Chrysler
The United States, Britain and Germany are joined by the European Union, Australia and Japan; sanctions’ impact is expected to be minimal for now; stock markets recovering after yesterdays’ losses due to geopolitical tensions - February 23, 2022
Stocks close down; Germany halts Russian natural gas pipeline; small businesses continue to struggle; consumer confidence falls
The sanction came after Russian troops crossed into Ukraine’s rebel-held areas; oil prices spike surge amid geopolitical uncertainty; wheat, corn prices rise; Macy’s rebuffs calls to split online retail business
The White House signaled the latest round of sanctions will not be the most severe it has in its arsenal; global markets decline amid growing geopolitical tensions; oil prices rally, and the 10-year Treasury yield declines as investors seek safety
Stocks fall; housing inventory hits all-time low; ban on Mexican avocado exports ends; Deere says demand for equipment rises
Existing home sales in January rose 6.7%; Deere & Co forecasts sales boost despite price hikes; NYC Amazon workers to vote on unionization; VW electric vehicle batteries are ablaze on cargo ship in Atlantic Ocean
Wall Street’s volatility index is up more than 30% in 10 days; Senate passes stopgap government funding measure; container ship carrying VW vehicles catches fire in Atlantic - February 18, 2022
Stocks close down; Walmart sales grew last quarter; mortgage rates rise to nearly 4 percent
Federal antitrust prosecutors are launching an effort to monitor companies for illegal schemes to raise prices; Walmart reports Q4 sales growth amid supply chain constraints; mortgage rates rise to near pre-pandemic levels; weekly jobless claims increase to 248,000
Policymakers agree on a faster pace, but are light on specifics; Yellen calls on G20 to address global shortfalls in pandemic preparedness; FAA chief Dickson resigns
Stocks close mixed; retail sales rise by the most since last March; Fed eyes faster interest rate hikes; Disney plans residential community
Retail sales grew 3.8% month over month; January import prices notch biggest gain in nearly 11 years; industrial production increases as utility use soars in January; U.S. safety regulators approve use of new adaptive headlights
Ukraine says cyberattacks hit its defense ministry and two banks; Sandy Hook victims’ families reach $73 million settlement in lawsuit against gunmaker Remington; Senate delays Fed nominee confirmations - February 16, 2022
Stocks rise; producer prices rise 1 percent in January; Intel buys semiconductor chip manufacturer; Marriot says revenue doubled from last year
The producer price index was up 9.7 percent; Pentagon report finds dwindling military contractors and competition; Putin talks up Nord Stream 2 pipeline amid Ukraine tensions; GM to start selling Chevy Bolts again
Russia indicated willingness for more diplomacy, some troops reportedly sent back from Ukraine border; U.S. issues $1 billion sovereign loan guarantee to Ukraine; Canada invokes emergency powers to end trucker protests - February 15, 2022
Stocks fall; President Biden threatens Russia with “severe costs” over Ukraine; inflation expectations fall; 3M expects masks sales to drop
The investment bank expects slower growth this year in the benchmark stock index; Fed officials differ on scale of initial rate hike; Ford idles plants due to lack of chips; study finds job switching is contributing to inflation
Stocks in Asia and Europe declined, while oil prices neared $100 a barrel; Canadian police clear trucker blockade at Ambassador Bridge border crossing; BlackByte ransomware gang claims it infiltrated 49ers NFL team’s network
Stocks fall; sentiment declines among people making over $100,000 a year; Goodyear says inflationary pressures expected to rise
A presidential executive order makes $3.5 billion available through U.S. litigation; U.S. urges Canada to end trucker protests; Zillow surprises with strong earnings report; UN report says Chinese Uyghurs subjected to forced labor
The groups warn the protests are worsening supply chain problems; U.S. government buys 600,000 treatments of Eli Lilly’s COVID antibody drug; Sting sells his music catalog for undisclosed sum
Stocks fall; consumer prices rose 7.5 percent over the last 12 months; Coca-Cola and Pepsi revenue increases; benchmark bond yields gain
Stocks fall; consumer prices rose 7.5 percent over the last 12 months; Coca-Cola and Pepsi revenue increases; benchmark bond yields gain
Stocks fall; consumer prices rose 7.5 percent over the last 12 months; Coca-Cola and Pepsi revenue increases; benchmark bond yields gain
Consumer prices post 7.5 percent yearly gain; car prices jumped 41 percent over a one-year period, while electricity prices rose 10.7 percent; weekly jobless claims decline to 223,000; Canadian trucker protest snarls North American auto production
Tesla called the lawsuit counterproductive, and said it disciplines and terminates employees who engage in misconduct; SpaceX satellites tumble out of orbit, company says; ahead of key inflation data, Biden to call on limiting drug price increases
Stocks rise; Treasury says alcohol consolidation causes inflation; Toyota and Honda expect sales to rise; Disney reports earnings
Up to four quarter-point hikes are possible this year, says Atlanta Fed President Raphael Bostic; Democratic senators propose gasoline tax holiday to reduce inflation at the pump; Treasury Department report calls for less red tape to encourage new entrants into alcohol market; Bankrate survey says 53% of Americans have more savings than credit card debt
Tesla says it has not gotten details of the allegations; global shipping giant Maersk forecasts strong profits due to supply chain bottlenecks; U.S. climate envoy Kerry in Mexico over power supply reform dispute; Biden to meet with electricity utility CEOs
Stocks close higher; mortgage balances rose last quarter; credit card balances hit record; trade deficit widens in 2021
Heated consumer demand for imported goods fueled trade deficit increase; small businesses less confident in January survey; BP posts record annual profit; Hyundai, Kia issue recall due to risk of fires in certain models
Nvidia’s purchase of Arm had faced regulatory hurdles; Neil Young criticizes Spotify’s CEO; co-producer of Matrix film sues Warner Bros. Pictures
Stocks fall; Frontier Airlines and Spirit Airlines to merge; 10-year Treasury yields rise; Tyson Foods reports higher meat sales
If approved by regulators, the deal would form fifth largest U.S. airline; Bank of America customers’ spending and savings increase in January; cryptocurrency companies form coalition to help reduce fraud; Commerce Department adds 33 Chinese entities to ‘unverified list’
Daniel Ek condemns Rogan’s comments, but signals Spotify will not part ways with podcaster; significant shortfall likely in China-US trade commitments; Global Wafers, supplier to chip manufacturers, announces expansion
Stocks close higher; November and December job gains revised upward; labor force participation rate improves; average pay rises
Employers added 467,000 jobs last month; Amazon hikes Prime cost to counter inflation; Southwest to resume alcohol service on flights; Ford posts $18 billion in profit despite fewer sales
Demand is outpacing supply, especially in New England states; airlines cancel thousands more flights amid winter storm; Meta suffers biggest market value loss of any U.S. company
Stocks fall; Facebook’s parent company blames economy and Apple’s privacy changes; unemployment claims fall
The declines suggest recent increases in jobless claims were temporary; Tesla recalls vehicles for faulty seat belt warnings, amid reports of other safety issues; Bank of England raises interest rates, ahead of expected Fed action; Meta reports first decline in daily active users, shares decline
Airlines cancel nearly 3,800 Thursday flights amid storm; Meta earnings miss sends stock plummeting; Spotify forecasts fewer paid subscribers in early 2022
Stocks close higher; early estimate shows job losses in January; Paypal says spending is falling; OPEC hikes oil production
ADP says private payrolls declined by about 300,000 in January; Chinese New Year to worsen containership delays, analysis finds; airlines cancel nearly 1,500 flights as winter storm affects much of U.S.; The New York Times reaches digital subscriptions goal early
Alphabet, GM report soaring profits; S&P 500 companies beat expectations; House hearing to consider regulatory changes for autonomous vehicles
Stocks rose; quits rate falls slightly; ExxonMobile says profits rise; manufacturing sector grows
Job openings in December totaled nearly 11 million, while workers quit at near record highs; Home Depot to hire 100,000 for spring; FedEx suspends domestic freight services; Exxon Mobil to elevate low carbon business
Several central bank officials said the extent of hikes this year was unclear; oil refiners, workers’ union continue talks past strike deadline; The New York Times buys popular online game Wordle
Stocks close up; video game acquisition follows Microsoft deal; banks update rate hike predictions
S&P 500 index has declined more than 7%; pensions will need to be more aggressive with investments, report finds; Euro zone economic growth slows; Dolce & Gabbana to halt fur sales
The audio streamer says it’s working to add COVID-19 content advisories; oil prices poised for major monthly gain; White House to hold talks with Qatar of natural gas supplies to Europe
Stocks rise; services spending increases slightly; employer payroll costs rise; consumer sentiment falls
The measure of employers’ labor costs was up 4%; The Fed’s preferred gauge of Inflation rose nearly 6% last year; December consumer spending declined 0.6%; federal oil leases in question after dueling court rulings
A bipartisan group of state attorneys general oppose Apple’s app store practices; Apple reports record quarterly sales of $124 billion; Toyota overtakes VW for second year as best-selling automaker - January 28, 2022
Stocks fall; GDP grows 5.7 percent in 2021; McDonalds says sales rise; unemployment claims fall
GDP growth totaled 5.7%, most since the 1980s; a record number of people signed up on Obamacare exchanges, Biden says; Mastercard beats earnings forecasts on increased transactions; Tesla expects to make more cars, but not new models
Fed rate hike would make consumer credit more expensive; Nomura, BNP Paribas update interest rate increase forecasts; global markets lower after Fed announcement - January 27, 2022
Stocks fall; Powell says the Fed will stay nimble; new home sales rise in December; Abbott reports earnings
The 12% increase beat forecasts; US goods trade deficit widens to $101 billion; production problems cost Boeing $4 billion; NFTs of Picasso work to go on sale Friday
The central bank is likely to pivot to fighting inflation; Goldman Sachs expects a period of low returns from stock investments; San Jose, California enacts insurance requirement for gun owners - January 26, 2022
Stocks fall; new report finds manufacturers have five days worth of chips on hand; IMF downgrades global growth estimate; consumer confidence falls
IMF says world economic growth will be slower than previously forecast; consumer confidence declines in January; federal report finds insufficient mental health coverage by many insurers; Pfizer, BioNTech begin omicron vaccine study
Wall Street was poised for a lower open after Monday’s wild swings; the Federal Reserve begins policy meetings, details are expected over potential interest rate hikes; the federal government launches childtaxcredit.gov to assist families with retrieving the remainder of financial assistance - January 25, 2022
Stocks close up; manufacturer optimism improves; small business owners say omicron lowered revenue; Ford halts orders for new Maverick pickup
The overburdened agency is coping with a backlog; Ford halts Maverick truck orders, WSJ reports; Wall Street opens lower, as S&P 500 dips into correction; Boeing invests $450 million in flying taxi startup
The case could test long-standing press protections; U.S. suspends China flights in latest spat between the two countries; Peloton urged to fire CEO and sell itself, reports say - January 24, 2022
Stocks fall; Intel plans two new semiconductor factories; bank branch closures hit record in 2021
Minimum federal worker wages are to rise to $15 an hour; Speaker Pelosi signals potential support for House stock trading ban; Netflix stock sinks after disappointing growth report; Intel to build Ohio chip-making facility
The S&P 500 index is down 6% in 2022; Netflix subscriber growth slows amid competition; Toyota shuts down production again, due to chip shortage - January 21, 2022
Stocks rise; jobless claims rise to highest level since October; existing home sales fall in December; Peloton reportedly halts production
Last week, initial jobless claims totaled 286,000; American, United and Delta predict declining revenues due to omicron; Amazon to open first clothing store; McDonalds to expand vegan burger offering
The tech-heavy Nasdaq is down 10.7%; Fed meeting next week to offer new clues on rate hikes; U.S. and Britain agree to talks to resolve tariffs, Biden says tariffs on Chinese goods to remain for now
Stocks fall; P&G plans further price increases; housing starts rise; White House to distribute N95 masks
The average rate on a 30-year fixed mortgage rose to more than 3.6%; new home construction increased in December for third straight month; Army Corps of Engineers gets billions to fund new infrastructure, climate projects
New York AG says its civil probe has found evidence of ‘fraudulent or misleading’ statements relating to loan and tax filings; some international flights canceled as new 5G signals turn on; judge approves Puerto Rico’s public debt restructuring - January 19, 2022
Stocks fall; combination would create world’s third-largest gaming company, AT&T and Verizon pause 5G launch near certain airports
The deal, valued at almost $69 billion, is the largest in the video game industry; Exxon Mobil pledges net-zero emissions by 2050; Goldman Sachs shells out cash for employees, profits fall; FAA says 45% of airplanes cleared to fly around 5G signals
The new signals are scheduled to launch Wednesday, but airlines are urging further delay near major airports; oil prices hit seven-year high following UAE attack; family of warehouse worker who died in tornado sues Amazon
Stocks close mixed; people likely shopped earlier this year; consumer sentiment falls; banks report small lending gains
President Biden announces three more nominees for the Federal Reserve’s Board of Governors; the Biden administration says it’ll spend around $27 billion on bridge replacement and repair; Dogecoin surges after Tesla CEO Elon Musk tweets that Tesla will accept the cryptocurrency as payment for some merchandise.
Multiple reports say President Biden will announce three more nominees for the Federal Reserve’s Board of Governors, as soon as today; the House committee investigating the January sixth attack on the Capitol issues subpoenas to three social media companies. - January 14, 2022
Stocks fall; healthcare vaccine requirement stays in place; producer prices remain high compared to 2021; Monster buys craft beer and seltzer company
Wholesale prices increased just two 0.2% percent in December, after rising a full percent in November; Delta Airlines lost around $400 million in the fourth quarter of last year.
The Federal Aviation Administration details the impact of 5G wireless service on airplanes’ electronics; promises to fight inflation from a Federal Reserve nominee. - January 13, 2022
Stocks rise; price gains driven by housing, used cars; average hourly earnings rise; economist expands modestly at the end of 2021
Biogen stock falls after Medicare says it will limit coverage for the company’s new Alzheimer's drug; the Biden administration says it’ll distribute ten million COVID tests to schools each month; Facebook parent Meta drops to the 47th spot in Glassdoor’s annual ranking of the 100 best places to work.
U.S. airlines say China is refusing to allow flights to land…after some passengers tested positive for COVID; Shortages at grocery stores are growing more widespread because of supply chain kinks and COVID
Stocks close higher; push to eliminate overdraft fees will likely continue; Powell says high inflation threatens job market
Fed Vice Chair Richard Clarida has announced his resignation, earlier than expected; United Airlines cancels more flights, as 3,000 of its employees test positive for COVID; workers at a second Starbucks store near Buffalo, N.Y. vote to join a union.
Private insurers will be required to cover the cost of over the counter COVID tests starting Saturday; kids in Chicago public schools will be back in the classroom tomorrow. - January 11, 2022
A mixed close on Wall Street; greenhouse-gas emissions in the U.S. rose last year; Caribbean cruises cancelled due to covid
U.S. Greenhouse gas emissions were up about 6% last year; the Biden administration steers more COVID relief money to small businesses in disadvantaged communities; Royal Caribbean cancels four upcoming cruises.
There will be no school today for kids in Chicago’s public schools. The teachers union wants to go back to remote learning, with most members refusing to teach in person; General Motors says it will recognize California’s authority to set vehicle emissions standards. - January 10, 2022
Stocks close mixed; disappointing payrolls contrast with optimistic household survey numbers; long-term unemployment falls; consumer debt rises
December job increase totaled 200,000, below forecasts; Supreme Court hears arguments over challenges to vaccine mandates; low-income Americans to get more help with heating bills; electric and hybrid vehicle sales saw big gains in 2021
Forecasts predict 6.5 million jobs created last year; 30-year fixed mortgage rate at highest level since spring 2020; winter storm worsens flight cancellations; Colorado wildfire caused $513 million in damage, officials say
Stocks close down; unemployment claims still near multi-decade lows; wages outpace cost of rent on average
Claims totaled 207,000 last week; U.S. trade deficit widens to near-record high; Walgreens reports more vaccination and testing demand; France fines Google and Facebook over online tracking
Fed minutes release sent stock markets lower; Royal Caribbean, Norwegian Cruise Line cancel trips; flight cancellations top 1,400 on Thursday morning
Stocks fall; private employers add 807,000 jobs in December; GM unveils new all-electric pickup
The job gains were twice what economists were expecting; mortgage applications decline 2.7 percent in last two weeks of 2021; Walmart expands grocery delivery; Deere to provide farm tractor automation kits
The Japanese automaker sold 2.3 million vehicles, GM sold 2.2 million; U.S. doubles order of Pfizer’s COVID treatment; more than 1,200 flights canceled on Wednesday morning
Stocks close mixed; quits rate rises most in food and accommodation; new index tracks supply chain pressures; Ford doubles electric F-150 production
November quits totaled a record 4.5 million; Warner Music buys David Bowie’s catalog; Blackberry finally turns off mobile phone service; Sweetgreen chain tests salad subscriptions
Airlines raised alarms over potential interference with airplanes; Nearly 1,000 flights canceled Tuesday morning, as travel disruptions continue; Theranos’ Holmes convicted of fraud
Stocks close up; airlines concerned about 5G interference; new law seeks to prevent surprise medical bills
The Justice and Agriculture departments launch new portal to aid farmers and ranchers; Hyundai, Kia expect to sell more cars in 2022, as chip shortage eases; OPEC+ to meet on oil output targets; flight cancellations grow, as mid-Atlantic and South walloped by winter storm
Airlines canceled more than 1,700 U.S. flights Monday; AT&T, Verizon reject request to delay new 5G signals over airline industry concerns; Tesla reports 936,000 deliveries in 2021, a new milestone for company
Stocks close down; average unemployment claims stay at multi-decade lows; Tesla recalls half a million vehicles; CDC says to avoid cruises
The four week claims average fell to its lowest level since 1969; Putin highlights Nord Stream 2, before talks with Biden; widespread flight cancellations continue; JetBlue cancels flights to mid-January
The FDA grants emergency use authorization for at-home tests made by Siemens and Roche; federal government approves California’s overhaul of its Medicaid program; Publix grocery chain begins offering parental leave benefit - December 30, 2021
Stocks close mixed; consumers drive imports higher; return season will strain supply chains; pending home sales fall in November
The National Association of Realtors says low inventories, high prices are slowing the real estate market; airlines cancel hundreds of flights today and tomorrow; Foxconn India plant is on probation, Apple says; cruise operator Carnival not changing course, despite COVID spike
Seattle has most cancellations, due to severe weather; NFL shortens COVID quarantine time from 10 days to five; Broadway’s ‘The Music Man’ is the latest show to pause performances due to COVID
Stocks close mixed; housing prices still near record highs; CDC investigates 89 cruise ships for COVID cases
Travelers face hundreds of flight cancellations and delays; October home prices rose more than 18 percent, Case-Shiller 20-city index finds; U.S. regulators probing Hyundai, Kia engine fires; sweeping vaccine mandate takes effect in NYC
CDC chief says new guidance helps keep society functioning amid rising cases; Riot Games reaches $100 million settlement in class-action lawsuit alleging gender discrimination; Apple closes New York City stores due to COVID
Stocks rise; clothing, jewelry and electronics drive spending hike; thousands of flights cancelled over the past few days
Thousands of flights have been canceled during the busy holiday travel period; Fauci says vaccine mandate for domestic flights should be considered; travel-related shares decline amid new COVID disruptions; “Spider-Man” is first pandemic-era film to earn $1 billion
Thousands of flights were canceled between Friday and Sunday; Holiday shoppers spent 8.5% more this season; Democrats say they will try again to pass a social, climate spending bill
Stocks rise; supply chain likely pushed holiday sales earlier; savings rate falls; new home sales rise
The latest inflation gauge shows a 5.7 percent gain; personal incomes and spending rose in November; weekly jobless claims hold steady; U.S. ports receive $240 million to ease supply chain clogs
U.S. will purchases millions of doses of Pfizer’s Paxlovid; Congress probes concert promoter Live Nation; U.S. sells less military equipment to other countries - December 23, 2021
Episode Summary: Stocks rise; student loan payment pause extended to May 1st, consumer confidence rises; existing home sales up
Consumer confidence hit its highest point since July; existing home sales rose nearly 2% in November; safety probe looks at Tesla video game feature; several big tech companies pull out of Consumer Electronics Show
The pharmacies say they can’t keep up with surging demand; Kellogg workers end strike, accept latest deal; regulators order LendUp to stop making loans
Stocks rise; test distribution will likely face supply chain challenges; population growth slows to a crawl
Wall Street was shaking off three days of losses; Nikola agrees to pay $125 million SEC fine to end fraud investigation; NHL suspends games amid spiking COVID infections; Democrats to meet to discuss future of Build Back Better bill
The rapid tests will be distributed by website, the White House says; Boeing, Airbus Americas chief executives say 5G cell service could interfere with planes near airports; Senators Rubio, Brown call for investigation of Amazon’s labor practices - December 21, 2021
Stocks fall; standards to take full effect by 2026; home sales forecasted to cool in 2022
The Senate majority leader said a vote would take place early next year; Fannie Mae forecasts cooling home sales in next two years; corporate mergers and acquisitions hit new record in 2021; Toyota halts production at five Japanese factories
Sen. Joe Manchin objects to temporary provisions in the BBB bill; Goldman Sachs lowers GDP forecast amid BBB uncertainty; gas, oil prices decline as omicron spreads
Stocks fall; White House mulls what’s next for child tax credit; Rivian plans new production facility
The Consumer Financial Protection Bureau is probing the business practices of Affirm, Afterpay, Klarna, PayPal and Zip; Meta says private surveillance companies used social media accounts to trick, hack; Rivian expects to fall short of 2021 production target; Judge rules Dominion Voting Systems lawsuit against Fox News can proceed
A federal judge said Purdue’s owners, the Sackler family, should not be shielded; Kellogg’s reaches new settlement with union for striking workers; U.S. regulators tighten oil pipeline safety rules
Stocks fall; unemployment claims rise slightly; manufacturing activity is sluggish this month; housing starts rise
New initiative aims to bolster truck driver ranks; November housing starts increase 11.8 percent; Jobless claims rise slightly to 206,000; Facebook whistleblower Haugen has book deal
Wall Street closed higher yesterday, and European and Asian markets are followed that lead today; President Biden and Democratic Senator Joe Manchin are reportedly far apart on the particulars of the climate and social welfare bill; Reddit says it has filed to become a publicly-traded company
Stocks jump; Fed to wind down bond-buying program faster; retail sales rise slowly; home builder confidence rises
Retail sales rose 0.3 percent; monthly child tax credit payments could expire this month, without extension; SEC proposes tougher stock trade rules for company insiders; Senate hears from airlines about billions in aid
Congress sends bill to Biden’s desk hours before deadline; House approves bill to bar imports from China’s Xinjiang; first healthcare.gov deadline is today; markets await Fed policy news
Stocks fall; wholesale prices jump; small business optimism ticks up; oil demand to catch up with supply
The November increase was more than forecast; Pfizer says its COVID treatment works against omicron variant; NFL issues vaccine booster mandate; IEA predicts omicron will dent global oil demand in 2022 - December 14, 2021
Six people died when the warehouse was struck by a tornado; Senate report says FAA safety oversight ‘chronically understaffed’; Toyota beefs up EV plans; Fed policymakers begin two days of meetings - December 14, 2021
Hackers are said to be exploiting a utility software bug; White House secures $1.2 billion in private investments in Central America, and unveils plan to build 500,000 EV charging stations; OPEC upbeat about oil demand, believes omicron will have mild impact
17 central bank meetings scheduled this week; Exxon faces pressure, again, to set carbon emissions targets; Chinese start-up SenseTime postpones Hong Kong IPO - December 13, 2021
Stocks close higher; consumer sentiment ticks up as low-income workers eye raises in 2022; Costco says supply chain issues will delay seasonal items
Consumer prices rose 6.8 percent in the 12 months through November; Congressional report blames drug companies for raising prices on old drugs; Tyson Foods to increase automation at meat plants; religious leaders urge Louis Vuitton to end fur use
Republicans joined Democrats in a key procedural vote; Costco says some holiday inventory, such as toys, won’t make it by Christmas; Better.com CEO apologizes after mass layoff via Zoom call
Stocks close down; new unemployment claims fall to the lowest level since 1969, online shopping prices rise
Initial state unemployment claims totaled 184,000 last week; E.U. unveils draft rules to reclassify some gig workers; Toyota halts two factories, as supply chain woes continue; Italy levies $1.3 billion antitrust fine against Amazon
Apple will not have to change its in-app purchase policy while it appeals a lawsuit from Epic Games; senators criticize Instagram during hearing with its CEO; Allergan, New York state reach $200 million opioid settlement; Starbucks unionization votes to be counted - December 9, 2021
Stocks rose; job openings rise at restaurants, manufacturing, and education; Lego plans new factory
The number of job openings was near a July record; cryptocurrency executives testify at House hearing; Southwest Airlines upbeat about Q4 profitability, citing more bookings; Roku, Google settle dispute over YouTube terms
The deal would circumvent a filibuster in the Senate to avoid a debt default; EPA lowers biofuel requirements for gasoline; striking Kellogg’s cereal plant workers reject contract offer
Stocks jump; food and energy exports help bring trade deficit down; Amazon’s AWS suffers outage
Instagram launched a tool to encourage teens to take a break; the U.S. trade deficit narrowed in October to a six-month low; U.S. stocks opened higher, as investors shrugged off omicron concerns; Stellantis said it would develop ‘smart cockpits’ for its cars
President Biden is scheduled to speak with Russia’s leader Putin later today; Rohingya refugees seek $150 billion from Meta Platforms; computer scientist, claimed creator of bitcoin, wins lawsuit - December 7, 2021
Stocks climb; tax revenues stayed stable compared with previous crises; Jack in the Box acquires Del Taco
Lucid disclosed a Securities and Exchange Commission subpoena; proposed regulation would require new disclosures in all-cash real estate deals; the euro to get redesign by 2024; European Union expected to announce new gig economy rules
Economists expect 6% inflation in Q4, survey finds; Saudi Arabia raises oil prices; U.S. gasoline prices edge lower, in first decline in 14 weeks, Lundberg Survey finds - December 6, 2021
Stocks fall; transportation and warehousing jobs show strong growth; Bass Pro Shops merger called off
The U.S. economy added 220,000 jobs; wages continued to rise amid a tight labor market; Washington think tank warns U.S. could breach debt limit by Dec. 21; St Louis Fed chief Bullard calls for tightening monetary policy
Fed policymakers raise the possibility of quickening the end of economic stimulus; Congress approves government funding bill; China says drugmakers agree to steep discounts - December 3, 2021
Stocks close up; layoffs fall to lowest level since 1993; OPEC+ countries increase production; Kroger sales rise
Initial state claims rose to 222,000, which was still less than forecast; November saw fewest layoffs by U.S. companies since 1993; Major League Baseball locks out players; GivingTuesday campaign raises record $2.7 billion in U.S.
At midnight, MLB’s collective bargaining agreement expired; Kellogg reaches labor deal to end strike; Fed Chair Powell reiterates inflation concerns
Stocks fall; employment shows some signs of progress; low inventories holding back sales
The job growth in private payrolls was better than forecast; OECD finds inflation risk to global economic growth; US considering tightening COVID testing requirements for international flights; EU unveils $340 billion global infrastructure plan
The Fed chairman said the risk of higher inflation has increased; Treasury Secretary Yellen urges Congress to raise debt ceiling by mid-December; OPEC and allies meet to discuss global oil supplies - December 1, 2021
Stocks fall; Powell says Fed is watching omicron variant; consumer confidence dips before variant emerges
The consumer confidence index declined to 109.5; September home prices rise 19.1%; Euro zone countries see 4.9% inflation in November; Twitter bans videos, photos that violate privacy rules
CEO Bancel warns of ‘material drop’ in vaccine effectiveness against COVID omicron variant; markets around the world tumble on warning; Fed Chair Powell warns of omicron risks to economy - November 30, 2021
Moderna, BioNTech shares are among those headed higher; airlines flew nearly 2.5 million passengers on Sunday, a pandemic record; Cyber Monday forecast to have fewer discounts, little to no sales growth; Nissan to spend billions to develop new battery
Stock futures move higher after Friday’s sell-off; Moderna, Pfizer shares gain; Japan closes borders to foreigners
Initial unemployment claims hit 52-year low; October economic indicators show higher businesses and consumer spending; Biden nominates Shalanda Young as OMB director
The Ohio case is the first time pharmacy chains have gone to trial in a case tied to the opioid addiction epidemic; oil prices rise after U.S. announces coordinated release from reserves; Apple sues hacking company NSO Group
Stocks close mixed; oil release will likely have small impact on fuel costs; Dollar Tree ups prices to $1.25
The United States is releasing 50 million barrels of oil from the strategic petroleum reserve; American Eagle, Abercrombie & Fitch beat Q3 sales forecasts; Best Buy Q4 forecast disappoints; Bezos donates $100 million to Obama foundation
Senators expected to support Powell, Brainard; Theranos founder Elizabeth Holmes testifies at criminal trial; Italy fines Amazon, Apple for allegedly restricting resellers
Stocks fall; Biden also nominates Lael Brainard; existing home sales rise; Target closes on Thanksgiving
President Biden will nominate Jerome Powell, and elevate Lael Brainard to vice chair; existing home sales rise 0.8% in October; Target to close on Thanksgiving Day
The president is expected to announce this week whether he will reappoint Jerome Powell or pick someone new; Austria begins
Stocks close mixed; Senate to take up Biden’s economic plan; salad chain Sweetgreen goes public
The nearly $2 trillion spending bill now heads to Senate; tech company shares rise amid pandemic resurgence fears; FDA clears Pfizer, Moderna booster shots for all adults; printing of US constitution sells for $43 million
House Democrats are expected to pass measure; Congressional Budget Office says bill would increase US budget deficit by $160 billion; Canada objects to EV tax credits plan in bill
Stocks close mixed; jobless claims fall; FTC asked to investigate anti-competitive behavior by oil and gas companies
The Biden administration began coordinating distribution of relief aid; U.S. government secures 10 million courses of Pfizer’s COVID antiviral treatment; weekly jobless claims essentially hold steady at 268,000; Macy’s, Kohl’s say they have plenty of holiday inventory
The president questioned why prices at the pump remain high; Nvidia says metaverse, AI investments to power revenue growth; Deere & Co workers approve contract, end strike; North America leaders to meet at White House
Stocks close down; Biden focuses on EV charging stations; new home construction falls; Target invests in inventory
Target, The TJX Companies say holiday season inventories are strong; Home building declines in October; Biden administration offers funding to expand COVID vaccine production; Apple to sell parts for DIY repairs
Stocks rise; consumer spending rises on electronics, gas; Walmart sales rise; more small businesses support PFL programs after pandemic experience
Retail sales increased 1.7% over September; Walmart beats Q3 earnings forecasts; October import prices rise 1.2%; October U.S. industrial production rose a strong 1.6%
Trade was among the issues discussed; Ohio pension fund sues Meta; TV, film crew workers ratify union contract
Economists at the bank forecast that inflation will reach 2.3% by end of 2022; Tyson Foods posts better than expected profit; Royal Dutch Shell wants to change name to just Shell; WeWork says more people going into offices
The bill contains about $550 billion in new infrastructure spending; White House signals House vote on second spending package could come this week; China’s industrial output, retail sales grow more than expected
Stocks close higher; climate talks go into overtime; Johnson & Johnson splits itself into two companies
President Biden addressed the 21-member Asia Pacific Economic Cooperation meeting; a record 4.4 million Americans quit their jobs in September, Labor Department says; COP26 draft agreement calls on countries to upgrade climate targets next year; Johnson & Johnson says it will split itself into two companies
Negotiators are on their last day of scheduled talks in Glasgow; Toshiba is the latest industrial conglomerate to announce a breakup; Unionized Hollywood film and tv crew workers begin voting on tentative agreement
Stocks close mixed; UN Secretary General worries government pledges will fall short; homes selling in one week
Guterres tells The AP climate pledges likely to be short of U.N. target; U.S. lawmakers propose extending GI benefits to survivors of Black WWII veterans; OPEC forecasts less oil demand growth; Disney stock falls amid streaming service miss
The deficit declined 42% compared to October 2020; Musk sells 3% of his Tesla shares; COP26 negotiators near weekend deadlineGONG
Stocks fall; consumer prices rise 0.9% in October, China and US pledge to work together on climate change
New claims for unemployment benefits hit another pandemic-era low; The electric vehicle maker Rivian starts trading on the Nasdaq; a draft agreement asks countries at the climate conference in Scotland to strengthen their 2030 emissions targets.
The Chinese developer Evergrande faces a big deadline today; workers at three Starbucks stores in and around Buffalo, New York hold vote on whether to unionize. - November 10, 2021
Pfizer says its new Covid pill cuts the risk of hospitalization or death by 89 percent; the House of Representatives is expected to vote today on infrastructure and social spending bills; protesters march at climate conference in Glasgow.
President Biden will have at least three seats to fill on the seven-member Federal Reserve Board of Governors; Stock trading app Robinhood says it suffered an apparent ransomware attack; at COP26, developing nations pressing for ‘loss and damage’ language - November 9, 2021
Stocks close up; inflation and income expectations rise; second week of climate summit underway
Developing nations seek at least $100 billion; major US airline shares rise on lifting of foreign travel bans; China exports total $300 billion in October; Tesla’s Musk says he’ll sell 10% of shares based on Twitter poll
Tourists from 33 countries can once again travel to the US; Biden says impact of infrastructure bill will be felt in months; COP26 promises could boost sustainable investments, business analysts say - November 8, 2021
Stocks close higher; job gains in manufacturing, logistics, leisure & hospitality; protestors march at UN Climate Summit
Pfizer says its new Covid pill cuts the risk of hospitalization or death by 89 percent; the House of Representatives is expected to vote today on infrastructure and social spending bills; protesters march at climate conference in Glasgow.
First-time unemployment claims fall to a pandemic low; coal users at the climate conference in Glasgow are pledging to phase out coal; oil prices rise ahead of OPEC meeting. - November 5, 2021
Stocks close mixed; employers will require vaccinations or weekly tests; US joins pact to end financing for fossil fuel projects overseas
First-time unemployment claims fall to a pandemic low; coal users at the climate conference in Glasgow are pledging to phase out coal; oil prices rise ahead of OPEC meeting.
The Federal Reserve starts winding down pandemic support; House Democrats add paid leave back into their version of a trillion-dollar-plus social spending bill
Stocks close up; Fed cites stronger economy; banks sign on to climate investment plan; Marriott reports earnings
The private sector added more than half a million jobs in October according to the payroll processor ADP; the Dow closed above 36,000 for the first time yesterday; Facebook is shutting down its Face Recognition system.
Democrats are prescription drugs to their social spending plan; John Deere workers continue striking
Stocks close up; Facebook shuts down face recognition system; Maersk reports record revenue
The Federal Reserve starts a two-day meeting; Yahoo pulls out of China; Elon Musk downplays deal to sell vehicles to Hertz.
The Biden administration unveils new methane rules. I’m Nancy Marshall Genzer with the Marketplace Minute. - November 2, 2021
Stocks close up; manufacturers across sectors report difficulties; Biden calls for aid to developing countries at UN climate talks
U.S. manufacturing slowed in October, hampered by kinks in the supply chain and higher prices for raw materials; Coca-Cola is acquiring the sports drink company Body Armor; Barclays CEO Jes Staley steps down.
Biden says he’s confident Congress will pass social spending and infrastructure bills; American Airlines cancels more flights. - November 1, 2021
The increase was less than in August; key inflation measure up 4.4 percent over 12-month period; wages rose 1.5 percent in Q3, Labor Department says; London climate protests target financial institutions
The weekend summit is focused on climate, pandemic issues; no votes yet in Congress over Biden’s domestic spending agenda; Apple, Amazon report pandemic-related costs in Q3
Marketplace Minute - Stocks close up strong; services spending rises; Facebook changes name to Meta - October 28, 2021
Domestic spending proposal shrinks to approximately $1.75 trillion; Q3 GDP shrinks to 2% growth; weekly initial unemployment claims decline to 281,000; Merck beats earnings estimates
The program appears unlikely to survive as negotiations continue; G20 set to endorse 15% global minimum corporate tax; inexpensive pill helped some COVID patients avoid hospitals, research finds
Democrats’ plan would tax value gains of billionaires’ assets; durable goods orders decline 0.4% in September; U.S. trade deficit in goods increases 9.2% in September; Merck agrees to generic license of experimental COVID antiviral pill
U.N. report calls for ending financing for new fossil fuel projects; U.S. regulators boot China Telecom from American market; President Biden to attend virtual summit of 18 Asia-Pacific nations
Congress jams on tax proposals; Tech earnings mostly strong despite Apple ad tracking change; Cigarette sales increased in US for first time in two decades
Consumer confidence grew after three months of declines; Single-family home prices rose 1.2% in August; September new home sales rose 14%; Hasbro warns of potential holiday toy shortages
Executives from YouTube, TikTok and Snapchat are set to testify at a Senate hearing; Zuckerberg says reports based on internal Facebook documents are ‘coordinated effort’ to ‘paint a false picture’; Facebook struggled to remove human trafficking ads for maids in Mideast, The AP reports; Treasury Department launches effort to improve equity in banking, financial services
Tesla value jumps after Hertz order; New York Amazon workers petition to unionize; Blue Origin unveils plan for space station
The U.N. issues a climate warning; Microsoft says Russian hackers are targeting tech companies; Facebook reports earnings.
PayPal is apparently not pursuing an acquisition of Pinterest. And, Tesla pulls self-driving software. - October 25, 2021
Stocks close mixed; Fed chair Powell says higher risk of additional inflation; business activity picks up
Pfizer study shows 90.7% effectiveness in children 5-11; Snapchat ad sales hurt by Apple iPhone privacy change; American Express cardholders return to spending; BTS switches music labels
For the second time this year, Amazon warehouse workers are trying to unionize; Stellantis, Samsung to make EV batteries in U.S.; multiple companies agree to share chip shortage info with U.S. government - October 22, 2021
Weekly claims maintained a downward trajectory; Facebook’s oversight board demands more transparency from company; WeWork goes public; FAA proposes 10-hour rest periods for flight attendants
The White House is offering a corporate minimum tax, while maintaining maximum rates; Senator asks Facebook’s Zuckerberg to testify in safety probe; Volvo, Unilever beat Q3 earnings expectations; Tesla reaches earnings milestone - October 21, 2021
Stocks close mixed; Fed says worker shortages are cutting hours and productivity; Paypal reportedly interested in acquiring Pinterest
Application volumes for refinancings and purchases declined last week; senators ask Universal Electronics about forced labor report; Nestle beats Q3 earnings forecast on strong coffee, pet food sales; Micron Technology says subsidies needed for U.S. chip factory
Some social, climate programs are to be reduced or eliminated to win Senate votes; OSHA warns three states over COVID workplace safety rules; Gates Foundation pledges $120 million for COVID treatment - October 20, 2021
Stocks close up; Procter & Gamble plans price hikes on certain items; Netflix reports profits
Labor and materials shortages took their toll on homebuilding; Proctor & Gamble says price increases to come on certain products; JP Morgan trims iPhone sales forecasts; Amazon, IKEA, others commit to zero-carbon sea shipping
The investment fund is the first in the US linked to a cryptocurrency; SEC report questions brokerages’ actions linked to Gamestop rally; Amazon recruiting 150,000 seasonal workers - October 19, 2021
Stocks close mixed; semiconductor shortage impairs September production; Zillow pauses home buying business
Investors are expecting strong earnings from major corporations; House lawmakers accuse Amazon of misleading Congress; oil prices climb again on supply worries; Toyota to build US battery plant
The deal averted a strike that would have shut down US TV, film productions; China’s economic growth slows in Q3; Foxconn unveils new EVs - October 18, 2021
White House report says climate change poses financial risks; retail sales rise 0.7% in September; import prices rise 0.4% in September; Goldman Sachs beats Q3 profit forecasts
Mark Forkner is charged with deceiving federal regulators; Johnson & Johnson shifts talc claims into bankruptcy; oil prices head for 3% weekly gain - October 15, 2021
Stocks rise; unemployment claims hit pandemic low; heating costs expected to rise this winter
For the first time during the pandemic, weekly jobless claims fell below 300,000 last week; bank earnings beat quarterly profit estimates; IKEA reports record annual sales; Boeing facing new Dreamliner production woes
New projections estimate significant increases in natural gas, heating oil costs; Deere & Company workers on strike; Chinese workers demand shorter workday
Stocks close higher; Social Security to hike benefits; Port of Los Angeles will operate around the clock
The consumer price index gained 0.4% in September; Social Security checks to increase 5.9% in 2022, in cost of living adjustment; LA port to go to 24/7 operation to help relieve supply chain pressures, White House says; countries must triple
The Labor Department has submitted text of the proposed rule, applying to many private employers, to the White House for review; Fed to release minutes of September policy meeting
American and Southwest airlines will comply with President Biden’s vaccine mandate; Record number of workers quit jobs; FDA tightens hand sanitizer rules again
There were 10.4 million job openings in August, the Labor Department says; IMF cuts 2021 global growth forecast to 5.9%; GM, LG agree to $2 billion deal over Bolt EV recall; Texas bans vaccine mandates by private companies
Congress poised to send bill to temporary extend the nation’s debt ceiling to President Biden; oil prices head higher again; Southwest Airlines cancelations ease - October 12, 2021
Oil prices jump; Amazon adds flexibility to return plans; Walmart launching Netflix e-commerce hub
The treatment is the first in pill form; Nobel Prize for economics awarded to U.S. economists; oil, gasoline prices rise to highest levels in years; Southwest cancelations, delays continue into Monday
Facebook’s promised new features met with skepticism by critics; Southwest Airlines cancels almost 2,000 flights over the weekend; Q3 earnings reports begin this week with Big Banks on focus - October 11, 2021
Congress reaches deal on debt ceiling; Ireland joins plan for global corporate tax; LA City Council passes vaccine mandate for indoor spaces
September job gain was just 194,000, below forecasts; wages rose in September by 0.6%; California enacts ban on some NDAs; House to vote Tuesday to extend debt limit
The vote extends the nation’s borrowing ability into early December; Tesla to move HQ to Texas, Musk says; Google to block ads on climate change denial content - October 8, 2021
Congress reaches deal on debt ceiling; Ireland joins plan for global corporate tax; LA City Council passes vaccine mandate for indoor spaces
Initial state unemployment claims declined for the first time in four weeks; Microsoft says Russia responsible for 58% of detected state-backed hacking; Pfizer seeks U.S. authorization to administer Covid-19 vaccine to children 5 to 11; United expanding domestic flight schedule ahead of holiday season
Republicans offered a brief debt ceiling extension; business leaders warn of US debt default consequences; Google search engine rivals press EU for more access - October 7, 2021
McConnell offers short-term debt ceiling deal; GM plans to double revenue by 2030; LA City Council passes vaccine mandate for indoor spaces
U.S. debt default could cause global financial crisis, White House warns; Education Department temporarily overhauls public service loan forgiveness program; businesses add 568,000 jobs in September, ADP report says; Los Angeles poised to enact strict vaccine mandate
The Facebook CEO says his company is being unfairly portrayed; Bayer wins first RoundUp lawsuit trial; oil prices rises amid supply concerns
Facebook whistleblower testifies in Senate; Democrats plan vote on debt ceiling; Johnson and Johnson ask FDA to approve booster
Frances Haugen also is calling for more transparency at the social media giant; Senate to try another debt ceiling vote Wednesday; Yellen warns again of Oct. 18 debt limit date; PepsiCo raises sales forecast on strong demand in public places
Facebook Whistleblower Frances Haugen is set to testify at a Senate hearing today; Facebook outage caused by ‘faulty configuration change’; EU leaders plan new tax proposals in response to Pandora Papers - October 5, 2021
Major outage hits Facebook services; Biden urges congress to raise debt ceiling; Hollywood union authorizes strike
The policy leaves in place $350 billion in Chinese import tariffs; Democrats to trim price tag of $3.5 trillion “human infrastructure” bill; OPEC+ meets to discuss planned production output boost; Amplify Energy says operations shut down off Southern California coast amid oil spill investigation
Frances Haugen, a former Facebook product manager, says she is the source of leaked internal documents; Facebook says allegations are misleading; ‘Pandora Papers’ report says wealthy shielded trillions of dollars in assets - October 4, 2021
Biden meets with congressional Democrats; Car-makers report slumping sales; Google scraps plan for banking service
Merck said it will seek emergency use authorization for the antiviral drug molnupiravir; Disney, Scarlet Johansson settle lawsuit; inflation remained elevated in August, consumer spending rose 0.8%; Democrats continue talks over bills for infrastructure, social programs and climate spending
Infrastructure bill vote delayed by impasse over $3.5 trillion spending measure; lawmakers avert government shutdown with two-month funding bill; Wall Street tumbled in September - October 1, 2021
Congress passed a bill to fund the government; Home prices hit a new record in July; NLRB memo says college athletes may sometimes be considered employees under NLRA
Initial state unemployment claims totaled 362,000; Kia, Hyundai recall 550,000 vehicles for wrong turn signals; Merck to purchase Acceleron Pharma for $11.5 billion; Amazon reaches settlement with two fired workers who criticized warehouse conditions
Congress is scheduled to vote on infrastructure, government funding bills; 2021 sets global record for corporate mergers and acquisitions; Chair Powell says Fed facing competing priorities over inflation, jobs - September 30, 2021
House to vote on debt ceiling measure; Home prices hit a new record in July; NLRB memo says college athletes may sometimes be considered employees under NLRA
High-ranking officials are meeting to discuss trade and tech issues; YouTube bans all anti-vaccine videos; Roll Royce to go all-electric by 2030; Walmart looking to hire 150,000
Democrats are trying to strike a deal over social, climate spending; Yellen warns of debt limit risks, as more Congressional votes are planned; United Airlines to begin firings over COVID vaccine policy - September 29, 2021
Stocks slide; consumer confidence down a third consecutive month; Jerome Powell testifies on trading guidelines; home prices climb
Yellen said the date was when the Treasury Department would run out of options unless the debt limit is raised; US trade deficit widens 0.9% in August; California enacts wage requirements for garment workers; Ford to build new EV and battery plants
Democrats expected to try again to fund the government before a midnight Friday deadline; heads of Boston, Dallas Federal Reserve banks resign; Jerome Powell to testify in Senate, expected to face questions over Fed ethics rules - September 28, 2021
Senate Republicans are likely to block a bill to fund the government and raise the debt ceiling; Biden receives COVID vaccine booster; Greyhound pays $2.2 million in settlement over warrantless immigration searches
Durable goods orders jump 1.8% in August; Google appeals $5 billion EU antitrust fine; Facebook pauses development of Instagram for kids; analysts expect delays in iPhone 13 deliveries
Congress must vote this week to avoid government shutdown; Democrats’ infrastructure vote likely postponed until Thursday; U.S. economic growth forecast at 5.6% in 2021, survey finds - September 27, 2021
House to vote on spending plans; Biden urges boosters; New York City passes delivery app regulations
Lawmakers tackling several fiscal measures; new home sales ; Chinese regulators ban on cryptocurrency transactions; California allocates $1 billion to prevent wildfires
Biden administration officials tell companies to voluntarily disclose information about the shortage of semiconductor chips; federal probe of Texas power outages concludes state authorities have not done enough to winterize energy grid; China’s Evergrande silent about debt payment - September 24, 2021
Marketplace Minute - Congress still at odds on spending and debt limit; Vaccine inequity discussed at UN; New York City passes delivery app regulations - September 23, 2021
Americans filed 351,000 claims last week; wealthiest U.S. households pay an average 8% effective federal tax rate, economic analysis finds; unruly passenger incidents decline 50%, FAA says; Salesforce boosts revenue forecasts
The central bank signaled it could soon reduce monthly bond purchases; Democrats, split over spending bills, meet at White House ahead of key Monday vote; California approves law to limit warehouse worker productivity quotas - September 23, 2021
Fed signals tighter monetary policy; Biden meets with Democrats on budget; FedEx faces labor shortages
The Biden Administration is doubling the United States commitment to donate COVID vaccines to developing nations; Heavily-indebted Chinese property developer Evergrande says it will make debt payment tomorrow; Justice Department files antitrust lawsuit against American, JetBlue alliance; General Mills beats earnings forecasts on strong pet food demand
The vote was along party lines with Republicans opposed, fate of bill uncertain in Senate; Biden to meet with Democratic lawmakers amid divisions over size of spending plans; Justice Department sues to stop American, JetBlue partnership - September 22, 2021
House to vote on debt ceiling; OECD cuts growth forecast due to delta variant; Facebook expands portal offerings
Construction of apartment units increased, offsetting a decline in single-family homes; Johnson & Johnson says a booster of its COVID vaccine increases immunity; McDonald’s to reduce plastic use in Happy Meal toys; Uber projects profitability by end of year
Pfizer and BioNTech say their Covid vaccine is safe for 5-to-12-year-olds . . . The U.S. will ease Covid travel restrictions for some foreign visitors . . . and homebuilders’ confidence is on the rise.
Pfizer aims to apply for emergency use authorization by the end of September; U.S. regulators to set new heat exposure work rules; U.S. homebuilders report improved confidence; global markets volatile amid concerns of potential default by Chinese real estate giant
The Treasury Secretary says a U.S. debt default would permanently weaken the country; new probe launched into Takata airbag inflators, Reuters reports; eyes on Fed meeting for taper timetable clues - September 20, 2021
Stocks close down; Democrats plan to try to suspend the cap on government borrowing; consumer sentiment steadies
The White House is warning state and local governments of deep federal funding cuts; OECD says rich countries aren’t reaching climate-related financial pledges; United Airlines technical outage briefly grounds flights; China applies to join ‘TPP’ trade pact
The Justice Department argues the deal unfairly shields the Sackler family; MassMutual fined over actions of former employee Keith Gill during GameStop rally; Gulf Coast oil exports mostly on track following storms - September 17, 2021
Marketplace Minute - Major stock indexes barely budged on Thursday . . . first-time jobless claims rose last week . . . and General Motors will idle some assembly plants for longer due to chip shortages - September 16, 2021
Retail sales rose 0.7%, partially reversing a sharp July decline; weekly jobless claims rise to 332,000; after mandate, United says 90% of workforce now vaccinated; Maersk raises earnings outlook amid freight price increases
The orbital flight is the first with an all-amateur crew; DoorDash sues NYC over data sharing law; GM says park Chevy Bolts 50 feet away from other cars - September 16, 2021
Stocks rose across the board . . . millions more Americans signed up for Obamacare coverage . . . and a $30 billion-dollar tie-up in the railroad industry is announced.
The increase was during a special enrollment period; investors group offers blueprint to gauge oil giants’ climate pledges; August manufacturing production slows to 0.2% gain; August import prices decline by 0.3%
GONG :01
OPEN Nearly 3 million more people signed up for Obamacare coverage. SIC :05
STORY 1 - :12 That’s the total number of Americans who benefited from a special six-month enrollment period that ended in mid-August - according to President Biden. He announced today that more than 12 million people are now insured through the Affordable Care Act.
STORY 2 - :15 A group of investors - that together manage some 10-trillion-dollars in assets - is offering a blueprint to assess climate pledges made by oil and gas companies - and whether they’ll reach net-zero carbon emissions by 20-50. The group includes the Church of England Pensions Board and HSBC Global Asset Management.
STORY 3 - :10 The Federal Reserve says U-S manufacturing production slowed more than expected in August. Up just 2 tenths of a percent… compared to a more than one-and-a-half-percent rise in July. [HIT :42-:47]
STORY 4 - :10 - CUT FOR PUBRADIO Meanwhile, the price of imported goods fell in August, by three-tenths of a percent. Fuel prices led the decline, which was the first since October of 20-20. Export prices rose 4-tenths of a percent in August.
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The latest Gulf Coast storm caused less damage than feared to oil and gas companies; Census reports pandemic stimulus spared millions from poverty; Democrats add funding for data privacy bureau to $3.5 trillion spending bill - September 15, 2021
DEK: Stocks fall across the board . . . Consumer inflation moderates in latest report for August . . . Amazon will hire 125,000 for the holiday shopping season.
GONG :02 This is the Marketplace Minute, I’m Mitchell Hartman.
STORY 1 A down day on Wall Street.
The Dow led the declines, falling 8-tenths percent.
The S&P 500 was down more than half-a-percent, and the Nasdaq Composite was down just under half-a-percent.
STORY 2: The Consumer Price Index rose in August—it was up 5-point-3 percent year-over-year. That’s a slower rate of inflation than in July. Core inflation—stripping out volatile food and energy prices—rose 4-percent on an annual basis.
STORY 3: Amazon has big hiring plans. The country’s second-biggest private employer after Walmart says it’ll hire 125-thousand additional workers before the holiday retail rush. Amazon says it’ll pay the new hires an average of more than $18-dollars-an-hour.
STORY 4 CUT THIS FOR DEMO PUBRADIO VERSION (:10) And Comcast says it’s been adding new subscribers to its cable, internet and mobile services at a SLOWER pace than earlier this summer, and also slower than in 2019. Subscriptions ROSE earlier in the pandemic.
CLOSE I’m Mitchell Hartman with the Marketplace Minute.
Consumer prices rose 0.3%, less than expected; analysts say price increases may be moderating; 31 million people in extreme poverty because of pandemic, global report finds; Amazon to hire 125,000 workers, boost starting pay
Gulf offshore oil platforms evacuated and oil prices rose; automakers clash over proposed U.S. EV tax credit; Apple patches ‘zero-click exploit’ vulnerability - September 14, 2021
Markets mixed . . . OPEC predicts rise in global oil demand . . . Disney to release films in theatres first.
The U-S economy will add fewer jobs than usual; Tropical Storm Nicholas could strengthen to a hurricane as it hits Texas; Disney says the rest of the movies it’ll release this year will be shown in movie theaters first for at least a month. - September 13, 2021
The U.N. is trying to raise more than $600 million for Afghanistan, and warning of a humanitarian crisis there; oil prices jump to over $70 a barrel; More restaurants are closing their dining rooms and relying on takeout because of the delta variant. - September 13, 2021
Episode Summary: Federal judge rules Apple must loosen App Store rules; Biden defends vaccine mandates; Kroger shares slip :02 This is the Marketplace Minute. I’m Meghan McCarty Carino. STORY 1 Stocks were down Friday, finishing the week with losses. The Dow and S&P dropped almost eight tenths percent. And the NASDAQ fell about nine tenths percent.
STORY 2 Apple stock took a hit after a federal judge ruled the company can no longer retain its grip over in-app payments. The decision in the case brought by Epic Games means developers can link consumers AWAY from the Apple’s App Store, which takes up to a 30 percent cut of all payments. The judge rejected a charge that Apple is a monopoly.
STORY 3 President Biden defended his new plan for vaccine mandates for many American workers … telling Republicans who vowed to challenge the policies to -quote- “have at it.” The administration’s plan could require 100 million workers to be vaccinated or tested weekly.
STORY 4 CUT THIS FOR PUBRADIO VERSION And shares in Kroger slipped after the grocery chain reported shrinking margins last quarter. While sales remain strong, inflation, theft and changing consumer habits could continue to slow growth.
***CLOSE I’m Meghan McCarty Carino with the Marketplace Minute.
Prices paid to U.S. producers rose 0.7% last month; Toyota is cutting production by 300-thousand vehicles; DoorDash, Uber Eats and Grubhub are suing New York City; the buy now, pay later company Affirm announced better-than-expected fourth quarter earnings
The White House says the two leaders “discussed the responsibility of both nations to ensure competition does not veer into conflict;” the Biden administration requires all employers with a hundred or more workers to mandate vaccines; the Transportation Security Administration doubles fines for travelers who refuse to wear masks. - September 10, 2021
Biden announces new vaccine requirements for federal workers and large employers; FDA delays decision on Juul; Moderna boosted by combo COVID-flu vaccine announcement
Filings drop 35,000 from the previous week; Biden to issue new vaccine mandates; White House takes aim a prescription drug costs; airlines say travel is falling
Offshore platforms are still down after Hurricane Ida; putting a price on racial inequality and GDP; New York’s new electric vehicle goals - September 9, 2021
Marketplace Minute - Fed Beige Book shows economy slowed in July and August; Yellen says Treasury Dept could run out of cash in October if congress doesn’t lift debt ceiling; Theranos trial begins - September 8, 2021
The number of job openings increased to a series high of 10.9 million on the last business day of July; Nearly 80% of U.S. oil and gas production in the Gulf of Mexico remains offline ; Mortgage applications decreased by almost two percent last week; Britney Spears’ father filed to end the court conservatorship.
The world’s biggest asset manager, BlackRock, has raised $1 billion for its first mutual fund in China; Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005; Apple is set to unveil its newest iPhones on Tuesday at an event it’s calling “California Streaming.” - September 8, 2021
Marketplace Minute - White House says states can decide to extend unemployment programs that ended Monday; Fed survey shows rising wage expectations; AMC sets Labor Day weekend record - September 7, 2021
Over the weekend President Biden declared a major disaster area for counties in both New York and New Jersey; Entergy, the main utility for New Orleans, says it’s restored power to more than half of its customers affected by Hurricane Ida; Goldman Sachs lowers its economic growth forecast for this year; European automakers say the computer chip shortage will drag on for months
Chinese exports were up about 25 percent last month; Toyota says it’s going to spend more than 13 billion dollars to develop better batteries for its electric vehicles; Disney’s “Shang-Chi and the Legend of the Ten Rings” broke records at the box office over the Labor Day weekend - September 7, 2021
Job growth slowed in August; Booster shots may be delayed; Tyson foods reaches agreement with unions on vaccine mandate
Employers added 235,000 jobs last month, fewer than expected; the number of long-term unemployed fell last month; Apple delays a plan to scan users’ pictures for signs of “Child Sexual Abuse Material;” the U.N. says COVID lockdowns last year led to a temporary decrease in air pollution
Oil and gas companies are still repairing the damage from Hurricane Ida; Tyson Foods and Perdue Farms have agreed to pay almost $35 million dollars to settle a lawsuit; Virgin Galactic is grounded by an Federal Aviation Administration investigation - September 3, 2021
Unemployment claims hit pandemic low; GM and Ford halt production at several plants; Walmart raises hourly wages by $1
The Labor Department reports 340,000 people filed initial jobless claims last week; The outplacement firm Challenger Gray and Christmas says layoffs fell last month to the lowest level since 1997; new orders for manufactured goods were up four tenths percent last month; the U-S trade deficit fell slightly in July
Torrential rains from Hurricane Ida are causing flooding and road closures; a federal judge gives conditional approval to a bankruptcy settlement to resolve thousands of opioid lawsuits; Ford says it’ll again cut production of trucks because of the computer chip shortage - September 2, 2021
Payroll processor ADP said firms added 374,000 jobs in August. . . construction spending rose in July . . . OPEC won’t increase production to moderate rising energy prices
The payroll processor says private companies added 374,000 new jobs in August; the Institute for Supply Management’s manufacturing index for August came in a bit better than expected; some gas stations in Louisiana are running out of gas; Walmart plans to hire 20-thousand supply chain workers
That’s below the record $65 billion in losses from Hurricane Katrina; OPEC is forecasting increased demand for oil; the Biden administration is expected to announce a plan today to create and sell 100,000 affordable homes - September 1, 2021
Episode Summary: Social Security reserved running out faster than previous estimate; CDC director says unvaccinated shouldn’t travel for Labor Daygoo; Google pushes back return to office again :02 This is the Marketplace Minute. I’m Meghan McCarty Carino. STORY 1 Stocks barely moved Tuesday … but were up for the month. The Dow and S&P dropped about a tenth of a percent. And the NASDAQ stayed pretty much flat.
STORY 2 Social Security reserve funds have been “significantly affected” by the pandemic according to a new federal report. The economic downturn coupled with the retirement of millions of baby boomers … mean the reserve is now forecast to run out in 2034 - one year earlier than previous estimates … That could result in cuts to benefits.
STORY 3 CDC director Rochelle Walensky says unvaccinated people SHOULD NOT travel over the Labor Day weekend… as the delta variant continues to surge in many parts of the country. She said those who are fully vaccinated and wear masks are ok to travel.
STORY 4 CUT THIS FOR PUBRADIO VERSION … And Google has again pushed back its date for returning to offices … until early next year. After January 10th, offices can decide based on local conditions whether to require workers back on site … where all employees must be vaccinated.
***CLOSE I’m Meghan McCarty Carino with the Marketplace Minute.
DECK The Case-Shiller Index rose 18.6% in June; consumer confidence has fallen to the lowest level since February; Jury selection in the trial of Theranos founder Elizabeth Holmes starts; South Korean lawmakers have passed a bill forcing Google and Apple to allow alternate payment systems in their app stores
Flooding has hampered efforts to assess the damage to oil and gas production facilities; An advisory panel for the Centers for Disease Control and Prevention is still studying the effectiveness of COVID vaccine booster shots; Apple may be developing an iPhone that can use satellite networks - August 31, 2021
Damage assessment begins for oil, gas and chemical facilities shut down before hurricane hit. . . Stocks are mixed on Wall Street. . . EU recommends new restrictions on travel to Europe by unvaccinated Americans.
Flash flood warnings are still in place; more than 90% of the oil and gas production in the Gulf has been shut off because of Hurricane Ida; the housing market may be cooling off; China tries to limit video games - August 30, 2021
Ida has knocked out power in New Orleans; the Department of Homeland Security will be the lead federal agency coordinating the resettlement of Afghan refugees; it looks like the European Union is going to remove the U-S from a safe travel list - August 30, 2021
Fed Chair indicates tapering stimulus; Biden says US could recommend boosters at five months; SEC to review digital engagement of trading apps - Closing Bell - Marketplace Minute - August 27, 2021
Powell said ‘taper’ could begin this year, if job gains continue; Consumer spending rose by 0.3% in July; inflation and personal incomes also made July gains; Peloton acknowledges federal probes
The high court said the Biden administration could not again extend an eviction ban; Apple to allow alternative payment options for app developers; Fed Chair Jerome Powell to speak at central bankers’ conference - August 27, 2021
Episode Summary: Fed meets in Jackson Hole; Illinois mandates vaccine for educators and health care workers as Texas bans mandates; Peloton reports disappointing results :02 This is the Marketplace Minute. I’m Meghan McCarty Carino. STORY 1 Stocks fell Thursday from record highs … The Dow dropped about half a percent. The S&P lost almost six tenths percent. And the NASDAQ was down more than six tenths percent. STORY 2 Before a blast in Afghanistan killed 12 American service members and injured many more, investors were watching the gathering of the Federal Reserve that began Thursday in Jackson Hole, Wyoming. Chair Jerome Powell will speak Friday … offering clues about when the Fed might pull back on measures to stimulate the economy.
STORY 3 The governor of Illinois has announced all health care workers in the state … and educators … from kindergarten through college … must be vaccinated or tested weekly. The announcement came as Texas governor Greg Abbot signed an executive order BANNING vaccine mandates.
STORY 4 CUT THIS FOR PUBRADIO VERSION … And shares in Peloton weakened as the fitness company reported a steep slow down in growth ... and losses from a treadmill recall last quarter.
***CLOSE I’m Meghan McCarty Carino with the Marketplace Minute.
Wall Street is watching for clues on when The Fed might taper some of its economic stimulus measures; Q2 GDP revised upward to 6.6%; Jobless claims rise slightly to 353,000; average new vehicle prices hit record $41,378, forecast says
Congress allocated $47 billion for struggling renters; tech companies pledge billions for cybersecurity defenses; more Americans donated to racial and social justice causes in 2020, study finds - August 26, 2021
White House hosts cybersecurity summit; Pfizer applies for FDA approval of booster; Delta Airlines to charge unvaccinated employees $200 a month on health insurance
The July reading of core capital goods orders was unchanged; biggest global corporations made a record $734 billion in Q2 profits, Reuters reports; Biden administration to begin oil and gas lease actions; OnlyFans reverses pornography ban
President Biden meets with private sector executives to discuss cybersecurity challenges; CVS, Chevron among companies with new vaccine mandates; FAA to review Boeing safety culture
House passes budget; Firefighters protect Lake Tahoe; Waymo expanding self-driving ride-hailing
New home sales were up 1% in July; shipper AP Moller-Maersk buys carbon-neutral vessels; Best Buy reports resilient electronics demand; Walmart launches same-day delivery service
A group of moderate Democrats wants votes on the bipartisan measure first; judge says Sackler family faces ‘substantial risk’ without Purdue opioid settlement; several states remain opposed to opioid settlement with Johnson & Johnson and drug distributors
Pfizer vaccine gets full FDA approval; New York City schools to require vaccine for teachers and staff; Housing prices cool slightly
Pfizer, BioNTech shares rose on the news; Calif. judge strikes down Prop 22, championed by Uber, Lyft, Doordash; existing home sales rise 2% in July; Virgin Orbit to go public in $3.2 billion SPAC deal
Pentagon enlists airlines for first time since 2003 Iraq War; GM recalling all Chevy Bolts over battery fires; U.S. House to reconvene for key infrastructure vote
Federal appeals court leaves eviction moratorium in place; US will keep ban on cross-border travel from Canada, Mexico; Complaints to federal government about airlines spiked in June - August 20, 2021
Dallas Fed President Kaplan says Delta variant may change views ‘somewhat’ on easing support in fall; China, Hong Kong stock exchanges lose $560 billion in value; farm equipment maker Deere & Co reports strong demand; Apple delays office return
The department is eliminating complex requirements for the student loan forgiveness; dairy farmers to get $350 million in federal financial aid; San Francisco implements vaccination requirement for indoor patrons
FTC revises antitrust complaint against Facebook; Toyota scales back production; States can use rescue funds for unemployment
Weekly claims fell to 348,000; Senators call on Taiwan to do more over semiconductor chip shortage; Macy’s, Kohl’s beat earnings forecasts; GM workers in Mexico oust union
The auto production cuts were tied to the global chip shortage; U.S. regulators proposed backdating bigger fuel-efficiency fines; federal judge vacates Alaska oil drilling permits
Fed signals taper of bond-buying; California water agency issues supply alert; Target store sales rise, but online sales fall - August 18, 2021
The rate of home construction declined 7%; mortgage applications fell 3.9% last week; T-Mobile says hackers stole data of more than 40 million people
TSA mask requirement extended until mid-January; Afghanistan did not receive dollars shipment, Central Bank head says; federal judge fines Fiat-Chrysler $30 million over union payoff scandal
Industrial production increased last month; Fed Chair not sure how delta wave will affect economy; Homebuilder sentiment drops to 13-month low - August 17, 2021
MIDDAY
HED Americans cut back on retail spending in July DEK July’s retail sales fell 1.1%; Walmart expects stronger annual same-store sales than previously forecast; Home Depot misses sales forecasts; T-Mobile confirms hack, but not alleged size and scope
GONG: :01
OPEN Americans cut back on retail spending. SIC
STORY 1 - :20 The Commerce Department says July’s retail sales fell about a percentage point from the month prior. That’s more than forecast. Spending fell at both brick and mortar and ONLINE stores. Meanwhile, the pace of sales growth at Restaurants and bars - slowed. The spread of the COVID delta variant may have played a role… there’s also scarcity of some products because of semiconductor chip shortages.
STORY 2 - :15 Still, the nation’s largest retailer remains optimistic. Walmart today reported better than-expected earnings of more than 4 billion dollars in the quarter ending in July. The company says it now expects bigger ANNUAL sales at its stores than previously forecast.
STORY 3 - :10 Meanwhile, Home Depot missed quarterly sales forecasts… with fewer home improvement projects as Americans venture back out of their homes. [hit :50 - :52]
STORY 4 - :08 CUT FOR PUBRADIO And, T-Mobile confirms it was the target of a data hack, as alleged in an online forum… but says it doesn’t yet know the size and scope of the breach.
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Biden authorizes money for “unexpected urgent refugee and migration needs” in Afghanistan; Hachette to buy Workman Publishing for $240 million; Spirit says canceled flights cost $50 million
China economic data show slowing growth;Tesla self-driving auto pilot tech is under investigation; Pfizer BioNTech seek FDA approval for booster - August 16, 2021
The National Highway Traffic Safety Administration is investigating Tesla’s automated driving systems; Oprah-backed Oatly considering U.S. production increase amid strong demand; action film “Free Guy” makes strong theater-only debut; T-Mobile investigating data breach claim
SNAP program set for 25% benefits boost, largest ever single increase; Arizona farmers to bear brunt of water supply cuts, amid drought in West; oil prices decline for third day
Stocks are muted in end-of-week trading . . . Consumer sentiment fell in early August below the level hit in April 2020 . . . and more jobs require vaccination.
Losses in confidence widespread; Members of the House take aim at Google and Apple; COVID booster profits; more jobs require vaccines
The Biden administration and cities eye mandates; a challenge to New York’s eviction moratorium; Walt Disney sees profits surge
Plus-signs for the major stock indexes . . . Initial jobless claims fall to the lowest level since mid-July . . . and wholesale prices keep climbing. - August 12, 2021
Claims fell for the third straight week; wholesale prices reach a new high; worries about oil demand; booster shots to be recommended for select groups
Senators introduce a bill aimed at Apple and Google; Purdue Pharma heads to court; local governments roll out vaccine requirements
The Dow and S&P 500 closed at record highs . . . Consumer prices rose 5.4 percent year-over-year in July . . . and California ordered vaccinations or weekly Covid testing for all school employees.
Inflation remains high, but its pace slows; Biden calls on OPEC to produce more oil; airlines worry about delta variant; WHO will test new COVID treatments
Senate passes budget resolution for social and climate programs; Boeing 737 Max takes test run in China; USPS to raise holiday rates
The Dow and S&P 500 rose while the Nasdaq fell . . . Small-business optimism turned down in July . . . and a $1 trillion infrastructure bill passed the Senate with bipartisan support.- August 10, 2021
The measure proposes climate and social funding; small business optimism fell; tech companies cut pay for remote workers; productivity growth slows
A final vote is expected around 11 a.m. ET; inflation levels could spark talk of interest rate hikes; oil prices rise
: Oil prices fall on delta worries; job openings hit record high; poultry producer sells for $4.5B as chicken prices soar. Marketplace Minute - August 9, 2021
The measure lays the groundwork for social and climate efforts; Former Samsung leader Lee Jae-young to be released from prison; Americans can travel to Canada again; BioNTech sees a profits boost
The Senate comes together in a bipartisan vote; climate change’s effects are here to stay; Labor Department to release June job openings
Marketplace Minute - The SEC has approved NASDAQ’s proposal; Florida will give private school vouchers to public school kids, over mask harassment; the EU to discuss travel restrictions on U.S. visitors - August 6, 2021
Job growth was better than forecast; United Airlines mandates vaccines for workers; for sixth day, Spirit Airlines cancels hundreds of flights; insurer AIG lowers cyber insurance limits
Senators are considering dozens of amendments; EPA proposes tightening vehicle fuel efficiency standards; Labor Department to release July jobs report
Major automakers pledge to make voluntary electric vehicle targets; mortgages trend down along with housing affordability; Amazon pushes its return to in-person work
State jobless applications fell by 14,000; U.S. trade deficit hits new monthly record of $75.7 billion; Moderna Q2 sales total $4.35 billion; Paramount+ streaming service grows to 42 million subscribers
GM, Ford, Stellantis to target 40-50% electric vehicle sales by 2030; Facebook revokes NYU researchers’ access to ad data; more Spirit flights canceled, airline apologizes
Stocks close mixed; CVS warns of rising cost for wages and technology; WHO asks wealthy nations to postpone COVID boosters; Yellen warns on debt ceiling.
There were 330,000 new private-sector jobs in July, according to ADP; GM posts $2.8 billion profit, boosted by higher prices; Toyota, Honda also report billions in profits; cruise bookings nearly double at Royal Caribbean
The latest national eviction ban applies to 90% of the U.S. population; Detroit automakers mandate masks, while Tyson, Microsoft require vaccinations; Spirit, American cancel hundreds of flights each
Tyson Foods says it’ll require its employees to get vaccinated; Marriott reports higher net income, while continuing COVID warnings; Tencent stocks falls after government criticism. - August 3, 2021
Payroll firm UKG says fewer jobs were added in July; BMW, Stellantis warn chip shortage to last all year; Twitter enlists news agencies for info on trending topics; Pepsi sells Tropicana, other juices
The National Labor Relations Board may order new vote; state courts ramp up eviction cases as lawmakers call for White House action; new pandemic high for U.S. airports
Stocks close mixed; millions spent lobbying on infrastructure; vaccination goal met; more workers will need to get vaccinated. - August 2, 2021
A final vote on the $1 trillion measure could come as early as this week; U.S. hits debt ceiling over the weekend; Disney requires COVID-19 vaccinations for many workers; Foot Locker buys 2 shoe store chains
Millions of Americans are at risk of eviction; Square to acquire Afterpay in $29 billion deal; Zoom Video Communications agrees to $85 million settlement over privacy claims
Consumer spending was up 1 percent; a key inflation index was up 3.5 percent in June; salaries and wages rose 1 percent in Q2; EU fines Amazon $886 million
President Biden is calling on Congress to extend eviction moratorium; Robinhood stock falls 8% on debut day; Shares in some Asian companies continue decline on China regulation concerns
Major stock indexes rose . . . The U.S. economy grew 6.5 percent in second quarter driven by strong consumer spending . . . first-time jobless claims fell to 400,000 - July 29, 2021
In the second quarter, the U.S. economy grew at an annual rate of 6.5 percent; U.S. economy contracted 19.2 percent in 2020, data shows; Jobless claims totaled 400,000 last week; online brokerage Robinhood goes public, valued at $32 billion
The rule would require vaccination or regular testing; Google, Facebook join growing list of companies requiring workers to get vaccinated; Senate votes to begin debate on physical infrastructure bill
Stocks end mixed . . . Fed indicates employment and economy continue to strengthen . . . vaccine mandates and incentives in New York.
Mortgage applications increased 5.7 percent last week; U.S. trade deficit in goods rises 3.5 percent; Boeing returns to quarterly profit
Apple, Microsoft, Alphabet earned nearly $57 billion; Visa, Starbucks gain from reopenings; Obama invests in NBA Africa, league says
Stocks close down; General Electric worries about inflation; vaccinated people are told to wear masks; the Fed begins a two-day meeting.
Home prices rose 17 percent in May, compared to a year earlier; June consumer confidence index reaches pre-pandemic levels; core capital goods orders, measuring business investment climb 0.5 percent
Tourism to U.S. from much of the globe will remain restricted; jet fuel shortages hit major airlines; economists expect 6% global economic growth, survey finds;
Stocks close up; the Department of Veterans Affairs requires vaccinations; a contentious meeting for a US diplomat in China; Beijing cracks down on big tech.
- July 26, 2021
New home prices rose to nearly $362,000; market sentiment survey finds COVID-19 variants of top concern; Hasbro revenues jump 54% in second quarter
Senators say they are in agreement on most of the bill; Treasury Secretary Yellen warns of debt ceiling; GM sues Ford over ‘BlueCruise’ name
Treasury Sec. urges congress to raise or suspend debt ceiling; US buys 200 million more Pfizer doses; Olympics opening ceremony kicks off most expensive games on record - July 23, 2021
IHS Markit says growth slowed due to labor, materials shortages; American Express revenue grows amid more credit card spending; GM issues second recall of Chevy Bolts; chipmaker stocks fall after disappointing Intel forecast
The bill would limit Section 230 protections during public health emergencies; Twitter, Snapchat report strong revenue growth in Q2; WarnerMedia to make 10 movies for HBO Max
7-22-21 MMC/MM Closing Bell/Karr Episode Title: Home sales - Closing Bell Episode Summary: Home prices hit record high; Internet outage hits major websites; Twitter posts strong earnings :02 This is the Marketplace Minute. I’m Meghan McCarty Carino. STORY 1 Stocks rose a bit Thursday. The Dow bumped up just under one tenth percent. The S&P gained two tenths percent. And the NASDAQ climbed about a third of a percent. STORY 2 Home prices hit a record high in June … according to the National Association of Realtors. Despite more properties on the market … prices increased about 23 percent over the previous year … driven by low mortgage rates and pent up demand thanks to the pandemic.
STORY 3 High traffic websites from Amazon and Airbnb to major airlines went down mid-day Thursday. The outage was linked to a content delivery network on the east coast. The sites weren’t down for long … but it’s the third major internet outage to strike big websites in the last few months. STORY 4 CUT THIS FOR PUBRADIO VERSION … And Twitter reported its fastest revenue growth since 2014 last quarter. The social media platform debuted its first subscription service ... which includes an audio chat function … and a button to UNDO Tweets.
***CLOSE I’m Meghan McCarty Carino with the Marketplace Minute.
Initial claims for state unemployment benefits reversed trajectory last week; revenues are up at American, Southwest airlines; Union Pacific hauling more cargo, as import demand grows
The Federal Trade Commission has voted to rein in warranty limitations on repairs; Commerce Department to give out $3 billion in community grants; advertising giants show growth, after tough 2020
Senate Republicans may hold up raising debt ceiling; States reach $26 billion settlement deal in opioid lawsuits; Chipotle beat earnings expectations with strong sales despite price hikes - July 21, 2021
The president will meet with business leaders in late August; fewer mortgages taken out amid soaring home prices, limited inventory; federal government nears debt ceiling
The procedural vote is expected to fail; WHO warns of another COVID wave; United Airlines expects to be profitable the rest of 2021
Delta accounts for 83% of cases; Netflix reports weaker than expected subscriber growth; Bezos says Blue Origins space flight sales approach $100 million - Marketplace Minute - July 20, 2021
June housing starts increased by 6.3%; Shell to appeal ruling ordering greenhouse gas reductions; China denies hacking charges
State attorneys general, drug companies reach deal; Biden administration proposes hike in hospital price disclosure penalties; Wall Street indexes recover after tumble
7-19-21 MMC/MM Closing Bell/ParkerEpisode Title: Stocks fall - Closing Bell Episode Summary: CDC raises travel warning for UK; NBER finds 2020 recession ended in April making it shortest on record; US holds China responsible for hacking of Microsoft; :02 This is the Marketplace Minute. I’m Meghan McCarty Carino. STORY 1 Stocks tumbled Monday.
The Dow lost more than two percent. The S&P was down about 1 and half percent. And the NASDAQ fell about one percent STORY 2 Concern about the rising spread of the highly infectious delta variant led the State Department and CDC to issue new travel warnings for the UK. Meanwhile Canada has said it will open its border to vaccinated travelers from the US on August 8.
STORY 3 The National Bureau of Economic Research has determined that the pandemic recession that began in February 2020 … ended just two months later in April. That makes it the shortest recession in US history … even though the economy has not returned to its pre-pandemic state.
STORY 4 *** CUT THIS FOR DEMO PUBRADIO … And the Biden administration says a China-linked group was responsible for the hack of Microsoft email software … which compromised data from tens of thousands of users around the world in March.
***CLOSE I’m Meghan McCarty Carino with the Marketplace Minute
The U.S. is blaming hackers affiliated with China for the Microsoft Exchange email hack; Robinhood seeks valuation as high as $35 billion in IPO; AutoNation Q2 sales soar on surging car prices
The cartel of oil-producing nations will increase output by 2 million barrels a day; Democrats consider voting reforms in infrastructure plan; senators abandon tougher tax enforcement to pay for some infrastructure spending
Consumer sentiment dips in July; White House has no plans to ease international travel restrictions; Pfizer says US officials have agreed to priority review for full FDA approval of vaccine
The Biden administration is going to issue a warning to US companies doing business in Hong Kong; business inventories were up a half percent in May.
Child tax credit goes out; Biden announces end to logging in Alaska forest; Facebook releases new diversity report - July 15, 2021
The U-S Consumer Product Safety Commission sues Amazon; Morgan Stanley reports second quarter earnings that beat analysts’ expectations.
The Senate passes a bill banning imports from a region of China; Johnson and Johnson recalls sunscreen
Federal Reserve Chair tells congress inflation higher than expected; GM warns Bolt owners of fire risk; Vanishing tweets to disappear forever - July 14, 2021
Producer Price Index comes out; Bank of America hit by low interest rates, Fed Chair testifies
Consumer prices rise in June; Jet fuel shortage fuels fire worries; Ransomware sites are down - Marketplace Minute - July 13, 2021
Global minimum tax plan moves forward; Virgin Galactic issues more stock; Second quarter earnings season begins
Global minimum tax plan moves forward; Black Widow does well at the box office; Pfizer to discuss booster shots
Biden signs sweeping order to increase competition; Biden pressed Putin on cyber attacks; CDC says vaccinated teachers, students don’t need masks indoors - July 9, 2021
White House executive order aims to boost competition, strengthen consumer protections; Biden administration imposes economic restrictions on 14 Chinese companies over alleged Xinjiang human rights abuses
A new coalition is supporting a $1.2 trillion bipartisan plan; U.S. consumer borrowing up by $35 billion in May; G-20 meets in Italy, expected to endorse global minimum corporate tax; Biden to sign executive order aimed at spurring more competition
Jobless claims rise; Biden to order to target anti-competitive practices in rail and sea shipping; Levi’s earnings beat expectations.
The slight increase in the weekly jobless report was opposite analyst forecasts; Stellantis pledges $35 billion toward electrification; biggest U.S. banks expected to more than double Q2 profits
The lawsuit alleges monopolistic practices; more states sign onto Purdue Pharma opioid settlement deal; U.S. concerned over Mexican energy policies
Fed watchful on monetary policy; Tourism industry pushes for end to US travel restrictions; Biden to sign executive order targeting non-compete clauses - July 7, 2021
Job openings remain at record levels; Chobani, Authentic Brands Group plan initial public offerings; international air travel demand down 63%, trade group says
The president is scheduled to discuss ransomware attacks with security and intelligence officials; Samsung operating profit up 53% on memory chip demand; Reese Witherspoon’s media company exploring sale, reports say
Oil prices settle after 7-year high; Pentagon backs out of $10 billion Microsoft contract; Grubhub to use pizza delivery robots - July 6, 2021
As many as 1,500 businesses affected, IT firm says; Biden administration to make it easier for farmers to challenge meat processors; Tennessee offers $250 flight vouchers to lure tourists
Hackers demand $70 million ransom; OPEC Plus oil production talks crumble; investor group calls for global carbon price standards
Stocks rise on positive jobs report; air travel exceeded pre-pandemic levels; Johnson and Johnson vaccine protects against delta - July 2, 2021
Biggest job gains were in leisure and hospitality; U.S. trade deficit grows 3.1% in May; Gas prices at their highest in seven years
The average sales price for a new car rose above $40,000; U.S., British intelligence detail alleged Russian hacking methods; Oklahoma expands Medicaid under Obamacare
Jobless filings declined by a greater-than-expected 51,000; layoffs are at 21-year low, study finds; Pepsi vows to reduce sugar in drinks sold in EU
The online brokerage settled claims, including misleading customers; Chevron looks to sell Permian Basin assets; Krispy Kreme IPO valued at $2.7 billion
Ford cuts production due to chip shortage, Amazon seeks recusal of FTC chair in antitrust, firework prices explode due to supply problems.
- June 30, 2021
Private firms added 692,000 jobs; White House considering executive order to boost business competition; Biden to temporarily increase federal firefighters’ pay
Renters’ protections will remain in place through end of July; U.N. predicts international tourism recovery by 2023; retailers, suppliers concerned over Christmas shipping delays
Marketplace Minute - Home prices rise at fastest rate ever, Moderna vaccine effective against variants, Uber offers employees more flexible return to work - June 29, 2021
The consumer confidence index rose in June; United Airlines announces order of 270 new planes; G-20 foreign ministers talk about vaccines, economic inequality
Some of the nation’s biggest banks say they’ll increase dividends, stock buybacks; Uber to announce flexible remote work policy; Disney test cruise delayed due to COVID test results
Federal judge dismisses antitrust complaints against Facebook, Juul agrees to $40 million settlement with North Carolina, mix and match vaccine study shows promising results.
- June 28, 2021
It’s the biggest plane order since the pandemic hit; TSA screens almost 2.2 million passengers on Sunday, a pandemic first; G-20 countries ease nearly half of the trade restrictions instituted during pandemic, WTO says
The settlement is with New York state; civil trial set to begin for drugmakers AbbVie, Teva, pharmacy chain Walgreens, and others; FAA denies certification step for Boeing 777X
6-25-21 NMG/MM Closing Bell/KarrEpisode Title: Stocks close mixed - Closing Bell Episode Summary: The Federal Reserve’s preferred inflation gauge was up less than expected last month; Vice President Kamela Harris visits the U.S.- Mexico border; and FedEx reports fourth quarter results.
GONG :02 This is the Marketplace Minute. I’m Nancy Marshall Genzer. STORY 1 Stocks…closed mixed The Dow ended up...about seven tenths percent. The S&P gained about a third of a percent. And the NASDAQ was down...six tenths percent. STORY 2
The Federal Reserve’s preferred inflation gauge, was up less than expected in May. Core PCE rose a half percent. This month-to-month number is the one everyone’s watching right now….because it tells us whether inflation really is temporary…. as the Fed is insisting.
STORY 3 Vice president Kamala Harris visited the US Mexico border at El Paso, Texas. Harris talked about the “root causes” of migration. Including poverty, crime and corruption. STORY 4 *** CUT THIS FOR DEMO PUBRADIO VERSION And FedEx reported higher than expected fourth quarter sales and profits. It was boosted by continued growth in e-commerce. And increases in business shipping. As more companies re-opened. FedEx sales were up 30 percent over the same time last year.
***CLOSE I’m Nancy Marshall Genzer with the Marketplace Minute.
May consumer spending was flat, while personal incomes declined 2%; Consumer prices rose 3.4% in May compared to 2020; big U.S. banks pass the Fed’s stress tests; Congress repeals Trump-era payday lender rule
Most of the new spending is focused on transportation projects; lawmakers agreed to pay for spending through a mix of sources, excluding tax increases; analysts expect construction, materials companies to benefit
President Biden announces an infrastructure deal; drugmaker Eli Lilly will submit a new Alzheimer’s drug to the FDA; Google is delaying a plan to block third party cookies on its Chrome browser.
Initial state unemployment claims fell less than expected; GDP growth at 6.4% in Q1; durable goods orders rise 2.3%
Senators today will pitch the agreement to President Biden; House panel advances bills to curb Big Tech; White House faces calls to renew expiring eviction moratorium
The Supreme Court rules against Fannie Mae and Freddie Mac investors; the House Judiciary Committee considers a half dozen antitrust bills aimed at Big Tech; new home sales plummet to the lowest level in a year.
The Bank of International Settlements says digital currencies would prevent Big Tech having monetary control; JPMorgan survey finds many institutional investors skeptical of cryptocurrencies; settlement deal reached over Ever Given grounding
The Teamsters union wants to create a division to help Amazon workers organize; European Central Bank finds the continent’s men lost more jobs than women; Krispy Kreme to go public in IPO
Fed Chair Powell tells Congress we won’t see 1970s-style inflation; the Biden administration will miss its goal of giving at least one COVID-19 vaccine shot to 70 percent of adults by July 4; airports get more COVID relief money.
Marketplace Minute - June 22, 2021
Rising prices depressed existing home sales for fourth straight month; Fed Chair Powell to tell Congress that inflation will likely drop back; GameStop cashes in with $1.13 billion stock sale
The Fed chief’s testimony comes after market volatility due to inflation, interest rate worries; infrastructure talks make progress, sticking points remain; Spielberg, Netflix strike film deal
Stocks close higher; 150 million Americans vaccinated; Moderna gears up vaccine production
Justices struck down NCAA rules limiting educational benefits; Supreme Court sides with Goldman Sachs in subprime securities class action case; FAA allows oversight staff to anonymously report safety concerns
The airline said it’s cutting 1% of its schedule for operational reasons; Volvo, Porsche strike deals with European battery makers; New York’s Stonewall Inn to protest Anheuser-Busch during Pride weekend
Marketplace Minute - Stocks end week lower; individual European countries have final say on US visitors; oil prices rise - June 18, 2021
The nation’s newest federal holiday is today; vaccinated California workers can unmask, under new rules; U.S. Mint to celebrate notable American women on quarter coin
A new proposal would ban the use of 5G networking gear from Huawei, ZTE and others; 30 Tesla car crashes under scrutiny by safety agency, Reuters reports; Boeing 737 Max 10 to take maiden flight
Stocks close mixed; average claims still trending down; Biden signs new Federal holiday into law - June 17, 2021
Initial claims for state unemployment benefits rose to 412,000; Ford offers upbeat forecast for second quarter; grocer chain Kroger expects strong online sales
The bipartisan group negotiating to reach a deal has swelled to 21 senators; brief internet outages affecting companies around the globe; weekly jobless claims expected to inch lower again
The rebound comes after a significant decline in April; Biden administration forgives $500 million in loans taken out by defrauded college students; GM to build two additional battery factories in electrification push
The central bank releases its latest policy statement today; FTC’s new chair is a Big Tech critic; GM expected to announce increase in electric investment
The producer price index rose at fastest pace in 11 years; May retail sales fall 1.3%, as consumers shift to spending on services; U.S., EU end tariffs related to aircraft subsidy dispute
A deal may be near to pause almost $12 billion in tariffs; California lifts most pandemic restrictions, Disneyland reopens to all tourists; Federal Reserve officials begin closely watched policy meeting, amid signs of inflation
Stocks close mixed; consumers bump up inflation expectations; average vehicle age rises to above 12 years
The vaccine may help developing countries’ vaccination campaigns; Alaska, Iowa, Missouri and Mississippi are first to end federal unemployment aid; electric truck startup Lordstown Motors replaces top executives
G-7 leaders agree to vaccine donations, corporate tax minimum, green infrastructure plan; U.S. average vehicle age at record 12.1 years, IHS Markit says; Philips recalls sleep apnea machines, ventilators
Stocks rise; wealthier households upbeat about economy; oil demand set to surpass pre-pandemic levels in 2022
The donations will go to countries struggling to deal with the pandemic; G-7 leaders are also set to endorse a global minimum corporate tax of 15%; Boeing finds buyers for many unclaimed 737 Max planes, WSJ reports
The tax of at least 15% is aimed at combating tax havens; G-7 countries also agree to scrap digital services taxes; senators reach tentative bipartisan infrastructure deal
Stocks close up; food import costs set to rise this year; household net worth increases - June 10, 2021
Prices for goods and services rose 5% year over year; jobless claims inch down to 376,000 last week; U.S. commits to donating 500 million Pfizer vaccine doses to other nations
The world’s biggest meat processor was hit with a cyberattack last week; a group of music publishers sue Roblox, claim unlicensed use of music
Stocks fall; NRF cites vaccine distribution and government aid; Campbell Soup to raise prices
The bill would increase government-sponsored research and development in new technologies; EU lawmakers approve travel certificate plan; VW settles claims with former executives over Dieselgate
President Biden is said to be talking with a new bipartisan group of senators; richest Americans paid less tax than many ordinary workers, ProPublica says; Treasury asks law enforcement to investigate tax disclosures
Marketplace Minute - Stocks close mixed; Biden Administration to rely on allies for trade; small businesses plan price hikes - June 8, 2021
Employers posted 9.3 million new job openings in April; a survey of small businesses finds less optimism, but plans for new job openings; U.S. trade deficit declines 8.2%
Shares of drugmaker Biogen rise 38%; Apple’s new privacy feature won’t be available in China; Colonial Pipeline CEO to testify in Congress
Stocks close mixed; tax plan faces long road ahead; DOJ says it’s recovered partial pipeline hack ransom; Amazon’s Bezos will go to space
Amazon, Facebook among those that say they’re fine with minimum corporate tax of at least 15%; France’s anti-competition authority fines Google $268M; Jeff Bezos to fly to space on Blue Origin rocket next month
President Biden travels to Britain later this week for G-7 summit; Bloomberg: Yellen says Biden should continue push for $4 trillion spending bills; China’s imports grow at fastest pace in 10 years
Stocks rise; services sector sees big job gains, economy still 7.6 million jobs shy of pre-pandemic levels - June 4, 2021
The job gains are below forecasts, but better than April; U.K, EU launch dual antitrust investigations on Facebook’s Marketplace; Justice Department ramps up fight against ransomware attacks
The investment ban targets companies with alleged ties to China’s defense, surveillance apparatus; Facebook to end moderation exemption for politicians, multiple reports say; Biden, Republicans to hold more negotiations over infrastructure spending
Stocks close down; many early retirees were forced out of work; United buys supersonic planes
The latest weekly jobless claims total is a pandemic low; ADP says private employers added 978,000 jobs in May; AMC warns its “meme” stock rally does not reflect underlying business
The cinema chain is a favorite of retail investors organizing online; activist hedge fund gains third seat on Exxon Mobil board
Stocks close higher; US says it’ll hold off on tariffs to allow time for negotiation; JBS says meat production coming back online - June 2, 2021
The decline is attributed in part to higher prices, low supply of homes; AMC cashes in on retail investor interest; Huawei launches its own mobile OS, after U.S. sanctions
No word on when talks might resume to end U.S.-China tariffs; JBS says most meatpacking plants should be operational after cyberattack; Biden, Republican Sen. Capito to meet on infrastructure
Stocks close mixed; White House says attack likely originated in Russia; manufacturing output rises in May - Marketplace Minute - June 1, 2021
The high court refused an appeal of a major talc-based powder lawsuit; Biden to mark Tulsa Race Massacre with new measures to address discrimination in housing, business; manufacturing activity grows in May
With the Memorial Day deadline passed, the Biden administration calls for a bipartisan deal by June 7; virtual talks begin to address outstanding issues of Paris climate agreement; semiconductor chip shortage could last a couple of years, Intel CEO says
Stocks close up; restaurants and recreation spending increases; Memorial Day travel expected to rise
The increase in consumer prices is higher than the Federal Reserve’s 2% inflation target; consumer spending up 0.5% in April, as personal incomes decline; California offering gift cards, grand prizes to boost vaccinations
President Joe Biden’s first budget proposal would run a $1.8 trillion deficit; Biden pledges to ease supply chain bottlenecks; Microsoft warns hackers targeting 150 government agencies and nonprofits
Stocks close higher; unemployment claims fall to another pandemic low; durable goods drop - May 27, 2021
The latest GOP offer counters the White House’s $1.7 trillion proposal; weekly jobless claims decline to 406,000; core capital goods orders increase 2.3% in April
Exxon shareholders replace board members over climate change concerns, Dutch court orders Shell to slash carbon emissions; Biden administration, China trade representatives talk for first time; Amazon CEO Jeff Bezos to step down July 5
Stocks close up; loan balances fall; Amazon buys MGM; Ford unveils EV plans - May 26, 2021
Major bank CEOs are expected to face questions on a range of issues; Amazon shareholders to consider adding hourly worker to board; hedge fund pressures Exxon Mobil over climate change concerns
Home price gains accelerated in March; consumer confidence index ticks down to 117.2; Moderna says its COVID-19 vaccine is effective in kids as young as 12
The presiding judge’s questioning suggested Apple’s defense may have been convincing; China’s Huawei to launch its own mobile operating system; Peloton to build Ohio factory
Stocks closed up; the State Department tells Americans not to visit Japan; the head of the WHO asks wealthy nations to donate more vaccine. - May 24, 2021
Home prices have averaged 11% growth so far this year; investors increasingly rejecting executive pay packages, consulting firm finds; Goldman Sachs predicts oil to hit $80 per barrel this year
Economists in a new survey predict the fastest pace of economic expansion in decades; airliner diverted by authoritarian state of Belarus; national gas price average rises to $3.10 per gallon
Stocks end week mixed; existing home prices jump 19.1 percent; services sector picks up; hog prices soar - May 21, 2021
Demand is outpacing supply in the housing sector; Senate GOP meeting with White House over infrastructure; Tribune Publishing shareholders to vote on hedge fund takeover
The two sides are still far apart on a price tag for infrastructure spending; Treasury Department suggests 15% global minimum corporate tax rate; Apple CEO Tim Cook to take witness stand in antitrust trial
Stocks close higher; several states to end expanded unemployment insurance; Treasury Department proposes IRS overhaul
Initial state unemployment claims totaled 444,000 last week; Oat milk company Oatly debuts on Nasdaq; House Democrats to introduce sustainable aviation fuel tax incentives bill
Some Fed officials say supply chain disruptions were ‘more persistent than originally anticipated’; bipartisan Senate bill would provide $46 billion to U.S. Postal Service
Stocks fall; Lowes reports sales growth; Target numbers suggest shoppers are going out more - May 19, 2021
E.U. member countries agreed to ease travel restrictions; Target, TJ Maxx report sales increases; Jetblue opens route to London
The rule encourages lending at low-income neighborhoods; new questions for Boeing over 737 Max and 787 planes; Bitcoin tumbles 40% from record high
Stocks fall; housing starts drop; Fidelity launches teen investing accounts - May 18, 2021
Home Depot, Walmart, and Macy’s all beat analyst expectations; housing starts decline in April; Warren Buffett’s Berkshire Hathaway divests from Wells Fargo
Gas prices are at their highest in seven years, AAA says; International Energy Agency calls for new new fossil fuel exploration; Biden to visit Ford F-150 electric truck plant
Stocks fall; media venture will focus on streaming content; US and EU to start tariff talks - May 17, 2021
The payments of up to $300 a month will be based on household income; United Airlines adds flights as travel rebounds; AT&T spins off WarnerMedia in deal with Discovery
A significant number of Southeast stations are still out of gas; Sanofi-GSK COVID-19 vaccine heads to Stage Three trials; study finds working long hours is hazardous to health
Retail sales were flat in April as the impact of relief payments waned - Closing Bell - Marketplace Minute - May 14, 2021
Consumers spent more at restaurants and bars, but less buying clothes and furniture; April industrial production rose 0.7%; global chip shortage to cost automakers $110 billion in revenues, report says
Biden says gasoline supplies should begin returning to normal this weekend; Fisker and Foxconn reach deal to make electric vehicles in U.S.; markets rebound on the Federal Reserve’s assurances over inflation
The CDC says vaccinated people can take off their masks; the House Speaker says companies should resist hackers’ demands; Tesla will no longer accept Bitcoin
Initial state unemployment claims totaled 473,000 last week; wholesale prices rise 0.6% in April; JPMorgan Chase, other banks, to offer credit without credit scores; McDonald’s raising pay at some stores to at least $11 an hour
The vast gasoline pipeline will take days to return to normal deliveries; Tesla stops accepting Bitcoin as payment; FAA OKs fix for Boeing 737 Max planes’ electrical problem
Stocks fall sharply; transportation costs lead inflation hike; national average gas prices top $3 per gallon - May 12, 2021
The consumer price index rose 0.8% between March and April; Republican governors in eight states cut off federal pandemic unemployment aid; federal agencies looking for pipeline workarounds to get fuel to East Coast
Panic buying, pipeline shutdown causing gas shortages, analysts say; new federal broadband access program begins today; judge tosses out NRA bankruptcy case
Episode Title: Job openings hit record in March - Closing Bell Episode Summary: Stocks fall; job openings hit record; hacked pipeline still recovering
GONG :02 This is the Marketplace Minute. I’m Justin Ho.
STORY 1 Wall Street had another down day on Tuesday.
The Dow fell one and a third percent.
The S&P dropped nine tenths percent.
The NASDAQ lost a tenth of a percent.
STORY 2 The number of job openings in the U-S…
...hit a record high in March.
That’s according to a new report from the Labor Department.
The number of available jobs out there…
...suggests that employers are having trouble filling positions…
...at the pay they’re currently offering.
STORY 3 The operator of the longest pipeline in the U-S…
...says it hopes it will be fully operational by the end of the week.
With the line still down...many east coast drivers...are rushing to fill up their tanks.
Some gas stations on the east coast…have been running out of fuel.
STORY 4 CUT THIS FOR DEMO PUBRADIO VERSION And home prices rose in virtually every metro area in the U-S last quarter…
...according to the National Association of Realtors.
It found that average mortgage payments...are rising, too.
CLOSE I’m Justin Ho with the Marketplace Minute.
The number of available jobs grew to 8.1 million; companies call for $50 billion in funding for U.S. chip manufacturing; fuel pipeline shutdown causing limited gasoline shortages on East Coast
There are first signs that the shutdown is having real-world effects: American Airlines changes flights, while some gas stations reportedly run out of fuel; think tank report: CEO pay raises coincided with pay cuts for rank-and-file workers during pandemic
Stocks drop; suppliers rush to backfill fuel supplies; gas prices on the rise; Marriott says demand is improving
- May 10, 2021
The weekend ransomware attack is disrupting the U.S. gasoline industry; federal safety probe scrutinizes 2013-2015 Honda Accord steering system; White House to host lawmakers to talk infrastructure spending
The pipeline system affected provides 45% of U.S. East Coast’s fuel; federal authorities aid pipeline operator, as criminal gang suspected; Dogecoin value goes on roller-coaster ride following Elon Musk’s SNL comments
050721 Ho/MM Closing Bell/Karr
Episode Title: New jobs fall way short of expectations - Closing Bell Episode Summary: Stocks close up after jobs report; restaurants and bars add most jobs; consumer credit rises
GONG :02 This is the Marketplace Minute. I’m Justin Ho.
STORY 1 Stocks…closed up on Friday.
The Dow … rose two thirds of a percent.
The S&P gained three quarters of a percent.
And the NASDAQ added nine tenths percent.
STORY 2 The economy added two hundred and sixty six thousand jobs last month.
That’s WAY less than the million or more new jobs...some economists had predicted.
Most of the hiring that DID happen last month...happened at restaurants and bars.
Right now … there are 8.2 million fewer jobs...
...than there were before the pandemic.
STORY 3 The unemployment rate...ticked up to 6 point 1 percent.
That’s partially because more people joined the job hunt.
Still...many employers say they’re struggling to find employees.
At least...at the wages...that they’re offering.
STORY 4 CUT THIS FOR DEMO PUBRADIO VERSION And...people borrowed more in March…
...according to the Federal Reserve.
Credit card debt rose...along with auto loan…
...and student loan debt.
CLOSE I’m Justin Ho with the Marketplace Minute.
Employers added 266,000 jobs last month; Holiday Inn parent company sees demand growth; Tesla fully autonomous driving won’t be ready by end of year, memo says
SEC Chair Gary Gensler: GameStop rally may call for new rules; Fed warns of financial stability risks in latest report; April jobs report expected to show big gain
Stocks rise; SEC weighs rules against ‘gamified’ trading; AB InBev announces new CEO - Closing Bell - Marketplace Minute - May 6, 2021
Initial claims fell to a new pandemic low; vaccine makers’ shares fall after U.S. signals support for patent waivers; U.S. productivity increases at 5.4% rate in Q1
SBA restaurant aid program gets 186,200 applications; PPP runs out of money; Peloton, in reversal, recalls treadmills linked to child’s death
Marketplace Minute- Stocks close mixed; Federal judge throws out eviction moratorium; birth rate falls - May 5, 2021
But Oversight Board said Facebook must reconsider indefinite term of suspension; Biden administration blocks Trump-era gig worker regulation; GE shareholders rebuke executive pay packages
In an open letter, companies oppose voting restrictions; Yellen walks back interest rate comments; Facebook Oversight Board to rule on Trump accounts
The March trade deficit rose to $74.4 billion; Pfizer vaccine expected to bring in $26 billion in revenues in 2021; Ericsson launches remote-working subscription platform
Low-income workers and women of color are falling behind, Fed chair says; NFL heads to Amazon Prime Video a year early; Bill and Melinda Gates announce divorce
Stocks close mixed; ;a.wyers for Apple and Epic, the company behind the Fortnite video game, face off in court - May 3, 2021
Relief checks in March spurred consumers to save and spend more - Closing Bell - Marketplace Minute - April 30, 2021
March incomes rose by 21.1%, powered by stimulus checks; consumer spending rose 4.2% last month; inflation increased 2.3% year over year in March; EU regulators accuse Apple of anti-competitive practices in music streaming
Toilet paper, cereal and other goods are getting more expensive; McDonald’s sales soar; Disneyland reopens
Economic growth sped up in Q1; weekly jobless claims at 553,000; chip shortage impacts Apple, Samsung
Biden’s called for $1.8 trillion to expand the social safety net; S&P 500 rose 10% in Biden’s first 100 days in office
The proposal is the second half of the White House’s infrastructure spending; “sanctuary cities” once again eligible for Justice Department grant program, Reuters reports; Boeing narrows Q1 losses
At least one Republican senator is expected to support the measure; Google parent Alphabet reports $55.3 billion in Q1 sales; Starbucks returns to sales growth
Consumers more upbeat on incomes; stocks close lower; SBA kicking off restaurant aid package - Marketplace Minute - April 27, 2021
A presidential executive order will gradually raise pay for contractors; consumer confidence hits pandemic high; home prices rise 11.9% in February
The feature requires apps to get permission before online activity tracking; Toyota buys Lyft’s self-driving unite for $550 million; Facebook, Gucci team up to sue alleged counterfeiter
Durable goods spending rises in March; stocks finish mixed; Apple plans North Carolina office complex
Americans may be allowed in Europe by summer; orders pick up for durable and capital goods; Apple bulking up U.S. investment
The president has met most of his economic pledges; FDA, in rare session, to reevaluate use of three cancer drugs
Stocks close higher; housing market still constrained; American Express sees uptick in travel spending
The panel is looking into rare instances of blood clots; United adds flights for summer travel; Bitcoin price falls below $50,000
Day Two of the summit will include Bill Gates, Michael Bloomberg and others; Senate Republicans put forth $568 billion infrastructure plan; White House to unveil tax increases on the wealthy
New capital gains rate would apply to people earning more than $1M, stocks close lower, Supreme Court restricts FTC
The president also pledged to cut U.S. fuel emissions by half by 2030; initial jobless claims declined last week to 547,000; March existing home sales fall to seven-month low
The credits are being made available to businesses of 500 employees or less; Interior Department pauses sales of new oil, gas public land leases; Texas wind farms operator sues Citibank over billing dispute
Administration will reportedly end legal battle over California emissions standards; stocks rise; Ford extends production downtime - Closing Bell - Marketplace Minute - April 21, 2021
Biden to convene a virtual climate summit starting tomorrow; EU leaders also agree to halve emissions by 2030; a dozen U.S. governors call for ending new gas-powered vehicle sales by 2035; Netflix subscriber growth slows
Officials say hackers have infiltrated government targets, as well as finance, infrastructure and defense industries; Apple privacy update coming next week; Foxconn shrinks Wisconsin factory investment
Stocks fall, Procter & Gamble plans price hikes; Apple launches subscription podcast service
The leaders say the hardware chain has not condemned Georgia’s restrictive voting law; Venmo to allow buying and selling cryptocurrencies; Johnson & Johnson beats first-quarter profit forecasts; Abbott misses revenue estimates
United Mine Workers of America wants new energy jobs available for out-of-work miners; House approves cannabis banking bill; Apple ready to reinstate Parler, pending updated moderation practices
Stocks fall; report says Biden Administration weighing nicotine reduction requirement for cigarettes; Harley-Davidson hit with additional tariffs - Closing Bell - Marketplace Minute - April 19, 2021
The carmaker faces pressure from activists and investors; Coca-Cola revenue grows on economic reopenings; Foxconn, Wisconsin strike scaled-back tax incentive deal
The two countries agreed to work to curb climate change, U.S. says; safety regulators warn of Peloton treadmill accidents involving children; opioid trial to begin in California
Marketplace Minute - Stocks climbed to record highs for a second straight day, buoyed by surging housing starts, improving consumer confidence and strong bank earnings - Closing Bell - April 16, 2021
Homebuilding accelerated in March; U.S. senators join appeal to relax rules on vaccine intellectual property rights; S&P 500 index headed for fourth weekly gain
The average 30-year fixed mortgage rate fell to 3.04%; House passes equal pay bill; Amazon to improve worker safety, Bezos says
Stocks climb to record highs; economic recovery advances, with a surge in March retail sales and a sharp decline in first-time jobless claims.
The Biden administration will prohibit U.S. financial institutions from buying bonds from Russia’s central bank, National Wealth Fund or Ministry of Finance.
Stocks close mixed; trading and investment banking drive bank profits; Walmart moves more workers to full-time status - Marketplace Minute - April 14, 2021
Goldman Sachs reported net revenue of more than $17 billion for the first quarter of this year
The cryptocurrency exchange company is set to list on the Nasdaq today. Nasdaq gave Coinbase a reference price of $250 a share
Stocks close mixed; gas prices up 9 percent; small business owners struggle to find employees
Officials are investigating whether the vaccine is linked to blood clots; the consumer price index rose at fastest pace since 2012; American Airlines warns of at least $2.7 billion Q1 loss, as airlines prep earnings reports
The deficit hit a new record for the first six months of the fiscal year; Intel plans to build chips for automakers to alleviate shortage; investors await inflation data
Stocks close lower; Microsoft buys speech-recognition company; Uber says March rides hit record. Marketplace Minute - April 12, 2021
President Biden to meet with lawmakers to discuss infrastructure; Microsoft buys Nuance Communications for $16 billion; Met Gala to return in September, museum says
Corporate leaders vow to reconsider political donations; Fed Chair Powell reiterates optimistic economic outlook; White House holds summit on chip shortage
Stocks close up; Amazon workers decide not to join a union; Pfizer, BioNTech apply for expanded COVID vaccine use in young teens. - Marketplace Minute - April 9, 2021
The producer price index rose 1% in March; Boeing calls for checks of certain Boeing 737 Max planes; Facebook job ads AI may be discriminatory, study finds
Countries take diverging paths on AstraZeneca COVID vaccine; investors send global stocks to new highs
Stocks close up; GM idles plants because of chip shortage; Netflix inks deal with Sony. - Marketplace Minute - April 8, 2021
State jobless claims rose, despite recent good news in the job market; Australia is latest country to restrict AstraZeneca’s COVID vaccine; G-20 leaders agree to boost IMF
The president signaled he could accept a rate below 28%; Obamacare special enrollment generates half-million new sign-ups, more expected; G-20 countries to negotiate over global minimum corporate tax rate
Cold winter weather and clogged ports contributed to trade deficit; stocks close mixed; FDIC pushes banking services.
JPMorgan Chase CEO optimistic about economy; investors await minutes from last Federal Open Market Committee meeting; Apple says privacy change coming soon for iOS
Amazon’s founder offers support for Biden’s infrastructure plan; pandemic made job quality worse for 40% of U.S. workers, survey finds; luxury Swiss watch retailers launch new products at online event
Marketplace Minute - Stocks fall; job openings rise in February, small business advocates call on lawmakers to rein in Amazon - Closing Bell - April 6, 2021
The global lending body predicts faster rebound this year; United Airlines hopes to diversify pilot ranks; Forbes’ billionaires list grows to record length
Carmakers group wants portion of chip funding to be dedicated to auto-grade chips; low-income housing set for funding boost; Supreme Court hands win to tech industry over code dispute
Stocks rise; CFPB calls for mortgage foreclosure delay; Gamestop hopes to capitalize on stock rally
LG is the third-biggest smartphone brand in the U.S.; U.S. plans retaliatory tariffs for six nations; Facebook data from more than 500 million accounts reportedly accessible online
Six nations could face total of almost $1 billion in tariffs; IMF, World Bank meet this week; Subaru to temporarily shut factory due to chip shortage
The monthly jobs report shows accelerating hiring; Suez Canal traffic jam eases, still at 200 ships; Tesla beats Q1 delivery forecasts - Midday - Marketplace Minute - April 2, 2021
The ban affected H-1B and other visas; Supreme Court ruling could mean more automated calls, texts; Apple’s Tim Cook speaks out against Georgia voting law
Stocks rise; unemployment claims rise slightly; major semiconductor manufacturer invests in production
Initial state claims rose to 719,000 last week; manufacturing activity hits 37-year high, report says; Microsoft to provide Army with augmented reality headsets - Midday - Marketplace Minute - April 1, 2021
White House offers breakdown of how $2.3 trillion would be spent; Yellen calls for shoring up possible vulnerabilities in financial system; CEOs of Delta, Coca-Cola decry Georgia voting law
Stocks close mixed; private company payrolls rise; Walgreens says its administered 8 million COVID vaccines
The president proposes $2 trillion in spending over eight years; private employers add 517,000 jobs in March, ADP says; Pfizer says COVID vaccine OK for 12- to 15-year- - Midday - Marketplace Minute - March 31, 2021
Most of the recipients are those on social security, other federal beneficiaries; Google donates $29 million to combat fake news; BMW, Volvo join calls against deep-seabed mining
20-city survey shows home prices rose at fastest level in seven years; Suez Canal officials investigate cause of incident; Spotify buys live audio app maker Betty Labs
Biden looking for congressional action by Memorial Day; vote counting begins in Amazon workers unionization effort; global markets shrug off U.S. hedge fund default
The Ever Given is fully refloated; CDC extends eviction moratorium through June; global bank shares decline on U.S. hedge fund losses
Traffic jam now up to 360 ships; Biden to unveil infrastructure plan; Vanguard, Blackrock join net-zero campaign
Spending and income drop is likely temporary; stocks close higher; Suez Canal remains blocked
The lawsuit alleges Fox News spread false claims about election fraud; Suez Canal plug-up is pushing up oil, shipping rates; state regulators near completion of model pet insurance law - Midday - Marketplace Minute - March 26, 2021
The restrictions were designed to preserve cash; Big Tech CEOs grilled at Senate hearing; NLRB rules against Musk over tweet
Shipping companies consider traveling around Africa; stocks close up; unemployment claims fall
Initial state unemployment claims totaled 684,000 last week; SEC probing SPAC deals; U.S. regulators seek public comment on fast-tracked “delisting” rules - Midday - Marketplace Minute - March 25, 2021
Biden administration considering corporate, high-income tax hikes; AstraZeneca says vaccine 76% effective; crews resume efforts to unblock Suez Canal
Marketplace Minute - Officials still working to move ship; canal is a major artery of global trade; stocks fall - Closing Bell - March 24, 2021
A number of carmakers have cut production; Intel plans to build new chip factories; durable goods orders unexpectedly decline in February - Midday - Marketplace Minute - March 24, 2021
The proposal, expected next week, will outline spending priorities; Intel to invest in new chipmaking factories; GameStop might sell new shares amid stock rally; Robinhood files IPO
Stocks fall; Microsoft reportedly in talks to buy Discord, new home sales drop - March 23, 2021
Health officials say results may have included outdated information; Regal Cinemas to reopen; GameStop to release fourth-quarter results
The Fed chair and treasury secretary say the U.S. economic outlook is improving; travel industry urging U.S. to open up by summer for vaccinated travelers; Treasury Department to auction off $183 billion in notes
Stocks close up; AstraZeneca to request emergency authorization, IRS paper looks at rising tax avoidance - CLosing Bell - Marketplace Minute - March 22, 2021
Lack of supply depressed home sales, but pushed up prices; Supreme Court declines to hear Facebook class-action lawsuit appeal; Microsoft hack patch tool in widespread use, officials say
Drugmaker says vaccine fully prevents severe COVID illness; IMF to upgrade world economic forecast; Canadian Pacific Railway strikes deal to purchase Kansas City Southern for $25 billion
Stocks closed mixed; Fed changes bank capital requirements; Amazon’s exclusive deal could lure in new customers - March 19, 2021
The Fed will allow the expiration of a temporary easing of banks’ capital requirements; bank shares tumble on Fed decision; oil prices fall on European demand concerns
Ford is making trucks without computers, for now; defrauded students to have loans fully forgiven; AMC Theatres opening almost all cinemas
Initial state unemployment claims rose to 770,000; U.N. report predicts stronger economic growth in 2021; WHO urges continued use of AstraZeneca’s COVID vaccine; Google to spend $7 billion on new offices, data centers in U.S. - Midday - Marketplace Minute - March 18, 2021
Dow, S&P 500 closed at record highs; Americans have already received 90 million stimulus payments; study predicts working from home is here to stay
Fed policymakers are due to release their latest projections; Amazon expands telemedicine offering; Biden administration sanctions Russia, China - Midday - Marketplace Minute - March 17, 2021
$1,400 payments begin; Uber reclassifies drivers in U.K.; Fed officials to release policy statement
Stocks fall; banks to receive relief check funding Wednesday; manufacturing output drops - March 16, 2021
Winter weather was among the reasons for the declines; factory output declined 3.1% in February; U.S. solar power industry forecasts strong growth - Midday - Marketplace Minute - March 16, 2021
Questions arise after reports of blood clots; Purdue Pharma files proposed deal over opioid epidemic; Tesla crash under investigation; Yellen to meet with religious leaders
Southwest, JetBlue, and Delta report more bookings; oil prices hit $70 a barrel; Facebook to label vaccine posts
Biden administration is proposing another $2 trillion in spending; Bitcoin value hits record over weekend; China recovery gains steam
Stocks close mixed; Archer Daniels Midland settles peanut price fixing allegations - Closing Bell - Marketplace Minute - March 12, 2021
If the IRS already has your bank account information, you’re all set and could get your money in days. Otherwise, you’ll get a paper check or debit card.
The checks are part of a nearly $2 trillion relief bill President Biden signed yesterday
Stocks close up; President Biden signs relief bill; US households’ net worth rises - Closing Bell - Marketplace Minute - March 11, 2021
The Labor Department reported today that claims for state unemployment benefits fell more than expected. But claims for federal aid ballooned. - Midday - Marketplace Minute - March 11, 2021
The Biden administration says it’s building on lessons learned from previous rounds of payments to send more of the money electronically
President Biden will sign relief bill Friday; stocks close up; Roblox shares jump in first day of trading - Closing Bell -Marketplace Minute - March 10, 2021
That will double its order for the single-shot vaccine. - Midday - Marketplace Minute - March 10, 2021
Stocks close up; OECD says aid package will contribute to world economy; small businesses more optimistic - Closing Bell - Marketplace Minute - March 9, 2021
Pfizer scientists and researchers at the University of Texas say the vaccine worked about as well on some versions first found in Brazil and Britain as it did on the original version of the virus
Stocks close mixed; LA harbor backlog continues; Federal Reserve extends one lending facility - Closing Bell - Marketplace Minute - March 8, 2021
The Fed announced today that it’ll extend its PPP liquidity facility by three months to June 30, 2021.
The bill includes $1,400 payments for most Americans, although individuals making $80,000 a year and couples earning $160,000 do not qualify.
Economy is still 9.5 million jobs shy of pre-pandemic levels; stocks rise; trade gap widens - Closing Bell - Marketplace Minute - March 5, 2021
Employers added 379,000 jobs in February; U.S. trade deficit grows in January; Texas regulators consider power costs
Investors are selling off stocks and bonds; Treasury yields rise, pushing up mortgage rates; oil prices up on OPEC+ supply constraints
Bond yields rise, influencing borrowing costs; stocks fall; Fed Chair Powell committed to low-rates - Closing Bell - Marketplace Minute - March 4, 2021
18 million Americans are getting jobless aid, Labor Department says; Biden administration revives clean-energy loan guarantee program; Square buys majority stake in Tidal - Midday - Marketplace Minute - March 4, 2021
Senate compromise would tighten income eligibility for stimulus checks; House probing Texas power outage; Paramount+ is latest streaming service to launch
Stocks fall; job growth falls short of expectations; Fed says most businesses are optimistic - Marketplace Minute - March 3, 2021
Google says it will increase privacy for web users; private payrolls grow by modest 117,000, ADP says; chip shortage causes more production cuts at GM; retail traders targeting mortgage companies - Midday - Marketplace Minute - March 3, 2021
Biden’s SEC chair nominee questions “gamification” of trading; Senate confirms Raimondo as commerce secretary; Microsoft says hackers exploiting Exchange Server bug
Stocks close lower; Target sales jump in 2020; Fidelity adds new retail accounts - Closing Bell - Marketplace Minute - March 2, 2021
Merck will assist in production to more quickly expand supply; Target announces $15 billion in sales growth; Hertz submits plan to emerge from bankruptcy protection - Midday - Marketplace Minute - March 2, 2021
Nominees to lead SEC, Consumer Financial Protection Bureau will testify; Volvo pledges all electric lineup; Texas utilities owe $2.46 billion
The CDC director signed off on Johnson & Johnson’s vaccine yesterday for people who are at least 18.
The Senate parliamentarian said last week the wage increase didn’t comply with guidelines Democrats have to follow in order to fast-track the legislation
Stocks close mixed; household incomes boosted by temporary relief aid; Robinhood in talks with regulators - Marketplace Minute - February 26, 2021
January consumer spending rose 2.4%, personal incomes rose 10%; 2020 inflation was 1.5%, below Fed target for interest rates hike; FCC to offer broadband access subsidies; Kia could still strike deal with Apple, report says
The Senate parliamentarian has ruled that the provision cannot be included in the $1.9 trillion bill; Costco raises minimum wage to $16; Labor Department expands eligibility for federal unemployment benefits
At 730,000, weekly initial state unemployment claims are still historically high; durable goods orders rise 3.4% in January; Moderna expects $18.4 billion in COVID vaccine sales - Midday - Marketplace Minute - February 25, 2021
Stocks rose after Fed Chair Jerome Powell’s latest comments; GameStop shares on the rise again; Australian parliament enacts news law; House to vote on LGBTQ civil and labor rights protections
Stocks close higher; Biden signs executive order reviewing US supply chain - February 24, 2021
The review is to be of supply chains for semiconductor chips, rare-earth minerals, pharmaceuticals, large batteries; Facebook pledges $1 billion to news; FDA says Johnson & Johnson COVID vaccine is safe, effective
Regulators want fan blades inspected for metal fatigue; judge paves way for California net neutrality law; Hyundai to issue electric vehicle battery recall
Episode Summary: Stocks close mixed after Fed comments; Home Depot sales grow while Macy’s sales fall
Home prices rose at their fastest pace since 2014; electric carmaker Lucid Motors agrees to go public; Bitcoin price falls off highs - Midday - Marketplace Minute - February 23, 2021
The White House is asking the Supreme Court not to hear lawsuits regarding the Trump administration plan; Biden administration reverses EPA’s biofuel waiver support; Facebook, Australia reach compromise over proposed news law
Exclusive PPP application window to start Wednesday; stocks close mixed; Boeing grounds 777 planes with faulty engines - Marketplace Minute - February 22, 2021
The voting machine company’s latest lawsuit targets Trump ally Mike Lindell; Microsoft, EU news publishers team up to force payments from tech platforms; Biden administration carves out two-week PPP application window for smallest businesses
A Raytheon Technologies’ Pratt & Whitney engine failed during a weekend flight; some Texans hit with huge electricity bills; data breach affects some pharmacy, clinic customers, Kroger says
Stocks close higher; inventory down 26 percent over the last year; US rejoins Paris Climate Agreement
The high court ruling could have wide-ranging impact for British gig workers; G-7 leaders discuss COVID vaccine access; Texas oil refiners to prepare for restarts
Stocks fall; Black small business owners say capital is hard to access; Walmart says ecommerce sales surge
New claims for unemployment rise to 861,000; home construction falls 6% in January; Walmart posts Q4 loss - Midday - Marketplace Minute - February 18, 2021
The social media giant blocked all news content in Australia; Texas freeze sends oil prices up; operations at some auto plants in Mexico affected by natural gas shortage; Congress holds hearing on GameStop rally
Retail spending rises; stocks close mixed; credit card debt still below pre-pandemic levels - Closing Bell - Marketplace Minute - February 17, 2021
$600 stimulus checks jump-start spending; Biden to meet with union leaders on infrastructure; Epic Games files EU antitrust complaint against Apple
Oil production disruption could last weeks, experts say; Texas agriculture commissioner issues warning; Google negotiating deals with Australian news companies
Marketplace Minute - Millions of Texans still without power - Closing Bell - February 16, 2021
Foreclosure moratorium, mortgage payment forbearance are extended through June; Biden presses case for COVID relief with visits to swing states; WHO approves AstraZeneca vaccine; Bitcoin reaches $50,000
Texas refineries and wells shutter due to storm; drugmakers face $834 million judgment over Plavix; Parler says the app will be back online this week
Lower-income households drive decrease in consumer sentiment; stocks rise for week; Biden Administration retains wine tariffs - February 12, 2021
The annual test will include stress in commercial real estate and corporate debt markets; Amazon sues New York’s attorney general over warehouse scrutiny; L’Oreal forecasts post-pandemic “Roaring ’20s”
CVS, Walgreens, Walmart among those offering vaccinations; House committee approves $14 billion in additional airline aid; Bumble shares soar
Marketplace Minute - HUD cracks down on housing discrimination - Closing Bell - February 11, 2021
Total number of Americans receiving jobless aid climbs to 20.4 million; Bumble stock begins trading after IPO; Amsterdam overtakes London in exchange trading - Midday - Marketplace Minute - February 11, 2021
The federal deficit is for the fiscal year starting in October; White House budget delayed due to transition “intransigence”; Shell pledges net-zero carbon emissions by 2050
Stocks close mixed; Powell says maximum employment needs “society-wide commitment”; Uber reports annual loss
Rising gas prices were balanced out by falling airline fares; police in Europe arrest 10 in SIM-swapping fraud scheme; GM says chip shortage could cost $2 billion in profits - Midday - Marketplace Minute - February 10, 2021
Democrats work to keep minimum wage hike in COVID relief package; Jeff Bezos, MacKenzie Scott top the list of biggest donors of 2020; Aunt Jemima renamed Pearl Milling Company
Stocks close mixed; Lyft reports good results; J&J CEO says we'll need annual COVID jabs
An expansion of the child tax credit is among the proposals; GM extends production cuts due to chip shortage; VW studying flying cars - Midday - Marketplace Minute - February 9, 2021
House Democrats are proposing a number of aid items; Robinhood wrongful death lawsuit alleges lack of educational resources, customer service; new small business initiative to help underserved communities in South
Stocks close higher; CBO weighs higher pay against job losses; household spending expected to rise
The carmaker said it would accept payment in Bitcoin soon; markets moved higher on recovery, stimulus optimism; Hasbro beats earnings forecasts
Hyundai, subsidiary Kia stocks head lower; Yellen says full employment recovery by 2022 if COVID relief passed, and SEC studying GameStop rally; Democratic lawmakers reportedly poised to unveil $3,000 per child benefit
Small jobs gain reflects big losses in hospitality, retail; stocks close higher; Super Bowl LV bets expected to fall
The monthly jobs report showed little gain in private sector jobs; 2020 trade deficit biggest since 2008; big investors bought Big Tech during GameStop rally, data shows
The latest candidate is less effective, but easier to administer; Smartmatic sues Fox News, others over false election fraud claims; Robinhood lifts restrictions on GameStop, AMC stocks
The treasury secretary turns focus to GameStop, AMC, and other stock volatility; Robinhood opens up trading in fractional GameStop, AMC stocks; jobless claims decline for third consecutive week - Midday - Marketplace Minute - February 4, 2021
The settlement is with consulting company McKinsey & Company; Bayer reaches revised $2 billion Roundup settlement; Parler CEO says he was fired
Stocks close mixed; firms say they need more aid; GM slows down production - Closing Bell - Marketplace Minute - February 3, 2021
Private job gains were better than expected; GlaxoSmithKline to collaborate on vaccines for new COVID variants; Ethereum price increases ahead of futures debut - Midday - Marketplace Minute - February 3, 2021
Treasury, SEC and other regulators to discuss the GameStop rally; Google reports record revenue; Microsoft backs Australia online news proposal
SBA says its approved 25% of available PPP money; Gamestop shares plummet; Bumble set for IPO
Retail investor rally loses momentum; Robinhood app downloads soar; Tesla recalls 135,000 vehicles - Midday - Marketplace Minute - February 2, 2021
GOP plan leaves out aid to state and local governments, among other Biden proposals; two Fed presidents offer diverging views on more pandemic aid; Buttigieg set to be confirmed as transportation secretary
CBO says employment will reach pre-pandemic levels by 2024; stocks rise; manufacturing activity grows at slower rate
Republicans counter Biden’s $1.9 trillion plan with a $600 billion offer; price of silver rises amid retail investor push; Nintendo profits double during pandemic
The commodity’s price surged overseas; hedge funds hurting in retail investor rally; billionaire Steve Cohen deletes Twitter account citing threats; Biden to meet with Republican senators on COVID relief
GameStop trading triggered a circuit breaker within minutes of the opening bell; Robinhood raises more than $1 billion in emergency funding; SEC says it will closely review actions inhibiting trading - Midday - Marketplace Minute - January 29, 2021
Robinhood, Interactive Brokers to allow buying again; firestorm of criticism of online brokerage restrictions
Stocks rise; GDP fell in 2020; brokerages restrict trades of several stocks - Closing Bell - Marketplace Minute - January 28, 2021
The trading platform is restricting trades in GameStop, AMC, Blackberry and others; American Airlines appears latest target of retail investors; weekly jobless claims drop slightly to 847,000; U.S. GDP in 2020 had worst contraction since end of WWII - Midday - Marketplace Minute - January 28, 2021
Retail investors have pushed up GameStop’s stock; federal regulators, Nasdaq taking notice; Apple to launch privacy update in spring
Chair Powell says rates will stay low until jobs market improves; Boeing posts annual loss; brokerages report online outages
The yearly loss at the planemaker is a record; GameStop, AMC stocks soar as retail investors squeeze short sellers; interest rates expected to remain unchanged at conclusion of Federal Open Market Committee meeting - Midday - Marketplace Minute - January 27, 2021
Small Business Administration has given out $35 billion in new PPP loans; Volkswagen asks U.S. Supreme Court to intervene in diesel emissions case; Biden to issue moratorium on new oil, gas drilling on federal lands
3M reports a mixed year; Johnson & Johnson says medical device sales fall - Closing Bell - Marketplace Minute - January 26, 2021
IMF says world economy will improve 5.5% thanks to vaccines; IMF projects Biden’s $2 trillion pandemic relief proposal would boost U.S. economy; commerce secretary nominee signals tough-on-China trade policy - Midday - Marketplace Minute - January 26, 2021
Officials say organized criminal rings defrauded jobless benefits; Janet Yellen confirmed as treasury secretary; Twitter bans My Pillow CEO
Stocks close mixed; UPS sells freight business; no Budweiser ads at the Superbowl - Marketplace Minute - January 25, 2021
Investors are expecting positive earnings reports from Big Tech; Merck halts vaccine trial; Moderna says vaccine protects against new coronavirus mutations; GameStop stock surges again - Midday - Marketplace Minute - January 25, 2021
Senior Biden advisers began outreach to key senators; China is top destination for foreign investment, U.N. says; Sanders turns viral meme into charity cash
White House order focuses on children who are not getting school meals; in survey, economists support Biden pandemic aid package; Walmart expands COVID vaccinations to more states - Midday - Marketplace Minute - January 22, 2021
The quasi-independent panel will have final say on whether the former president can return to Facebook; in setback for social media platform Parler, judge denies request for immediate return online; Google says it might turn off search in Australia
Stocks close mixed; unemployment claims fall slightly; Maersk loses shipping containers
Initial claims for unemployment benefits declined slightly from the week prior; President Biden allows agencies to use Defense Production Act for COVID response; poet Amanda Gorman becomes bestselling author - Midday - Marketplace Minute - January 21, 2021
Rental eviction moratorium is extended at least through March; among other actions, Biden pauses ANWR drilling, cancels Keystone XL and fires National Labor Relations Board general counsel
Stocks rise, President Biden extends student loan payment freeze - Marketplace Minute - January 20, 2021
Amid transition of power, investors signal optimism; Yellen tells senators to “act big” on pandemic relief spending; Netflix stock soars after positive earnings report - Midday - Marketplace Minute - January 20, 2021
New round of PPP loans going to more small businesses in first week; Biden considering creation of antitrust czar, Reuters reports; official White House Twitter accounts set to switch to new administration
Stocks rise; Goldman Sachs profit doubles; Netflix adds subscribers - Closing Bell - Marketplace Minute - January 19, 2021
Senate confirmation hearing held for treasury secretary nominee; Microsoft invests in GM’s Cruise autonomous vehicle startup; Parler partially back online - Midday - Marketplace Minute - January 19, 2021
Rohit Chopra, Gary Gensler are seen as tough on the financial industry; Canada scrambling to save Keystone XL pipeline; Stellantis makes stock market debut
Stocks close lower; retail sales fall; JP Morgan reports record quarterly profit - January 15, 2021
Retail sales declined the last three months of 2020; banks report better-than-expected quarterly earnings; automakers temporarily idle plants due to chip shortage
Key elements include extending unemployment aid, speeding up vaccinations; some companies offering stipends for workers to get vaccinated; major airlines bar checked firearms on flights to D.C.
Jobless claims are highest since August; mortgage rates tick up slightly; Delta posts annual loss
- January 14, 2021
Weekly initial unemployment claims were higher than forecast; Biden to unveil additional stimulus; U.S. bans cotton from China’s Xinjiang region - Midday - Marketplace Minute - January 14, 2021
Report: $170 million donated to members of Congress who objected to Electoral College results; FAA tightens unruly passenger enforcement; Flo Health settles allegations of sharing user data without permission
Gas prices rose in December; Fed says some sectors are recovering; Target says sales jumped at year-end.Marketplace Minute - January 13, 2021
The city is trying to end agreements for operation of a Central Park carousel, plus skating rinks and a golf course. - Midday - Marketplace Minute - January 13, 2021
Businesses are pessimistic about sales and expansion; layoffs rise in November - Marketplace Minute - January 12, 2021
The administration is recommending that everyone over age 65 get vaccinated. - Midday - Marketplace Minute - January 12, 2021
Facebook and Twitter banned the president to prevent additional posts from Trump that could incite more violence. - Midday - Marketplace Minute - January 11, 2021
JPMorgan Chase and Citigroup are among those pausing donations after last week’s violence at the Capitol.
Job losses highest at restaurant and bars; consumer borrowing ticks up’ GM changes logo
December saw net job loss of 140,000; Tesla stock surges on cheaper SUV model; Hyundai confirms early talks with Apple - Midday - Marketplace Minute - January 8, 2021
Shopify is latest to shut down Trump’s online accounts; some lose jobs after being identified at Capitol riot; Simon & Schuster drops Sen. Josh Hawley’s book
Markets on Wall Street and overseas rise after Biden win officially certified by Congress; weekly jobless claims dip slightly to 787,000; IRS says some Americans will get $600 stimulus payments as part of tax refunds, due to time constraints and errors - Midday - Marketplace Minute - January 7, 2021
Head of powerful manufacturers’ group suggests invoking 25th Amendment; market reaction is muted, as investors look ahead
Stocks close mixed; 10-year yield rises; Neil Young sells music rights - Closing Bell - Marketplace Minute - January 6, 2021
For first time since April, private payrolls show net job loss; Trump administration opens oil drilling bidding in Alaska wildlife refuge; Neil Young sells 50% stake in song catalog - Midday - Marketplace Minute - January 6, 2021
Investors reacting to increasing likelihood of more Big Tech regulation and more government bond debt; President Trump issues new Chinese app bans; confusion at NYSE over fate of Chinese telecom listings
Stocks close higher; automakers report full-year sales slump - Closing Bell - Marketplace Minute - January 5, 2021
The increased factory activity is sign of strong demand; cryptocurrency trading volumes hit all-time high; Bentley sales spike in 2020 - Midday - Marketplace Minute - January 5, 2021
Overseas markets are mixed after Wall Street sell-off; drugmakers raise prices for 2021; NYSE reverses plan to delist Chinese telecoms
Stocks close down; JP Morgan shutters healthcare venture with Amazon and Berkshire Hathaway - Closing Bell - Marketplace Minute - January 4, 2021
Communications Workers of America claims more than 200 workers have signed on; Moderna ups forecast for vaccine production; billionaires became $1.8 trillion richer in 2020, Bloomberg finds - Midday - Marketplace Minute - January 4, 2021
Post-merger job cuts are expected; aviation reinsurance rates rise; Quibi in talks to sell content to Roku, WSJ reports
All three indices rise over the year; unemployment claims drop; US widens tariffs on EU imports - Closing Bell - Marketplace Minute - December 31, 2020
New state unemployment claims fell to 787,000; S&P 500 dividend payments hit new record; U.S. dollar down more than 7% in 2020 - Midday - Marketplace Minute - December 31, 2020
Senate unlikely to consider larger stimulus payments; gas prices rise as more Americans take to the roads; Apple removes 39,000 games from China app store
Paper checks mailed today; France resumes digital services tax; FCC announces new robocall rules
If ratified, the agreement would give the E.U. more access to China’s economy; Bitcoin’s value touches new high; Intel facing pressure from activist hedge fund
The vaccine is cheaper and easier to transport; Treasury Department starts sending out $600 stimulus payments; Apple loses copyright lawsuit against startup Corellium
Demand for homes is outpacing supply; a fifth COVID-19 vaccine candidate enters late-stage human trials in U.S.; American Airlines resumes domestic flights on 737 Max
Federal unemployment aid could take two to three weeks to restart; markets cheer developments in Washington; FAA sets new drone rules
S&P 500 is on track for big annual gain; Advisor says Biden to invoke Defense Production Act for pandemic response; EPA set to finalize airplane emissions standards
Most Republican lawmakers oppose larger stimulus payments; COVID-19 relief package creates first federal rental assistance program; markets offer muted response to pandemic aid
UK and EU ink trade deal; mortgage rates hit new low; 1.2 million people fly ahead of holiday weekend
Deal means Britain will make orderly exit from E.U. common market; House GOP blocks fast-track approval of $2000 stimulus checks; California grants its first permit for self-driving cars
Negotiators are said to be putting finishing touches on E.U.-U.K. trade deal; federal judge blocks Medicare drug price rule change; American Airlines recalling furloughed workers
The weekly jobless number was lower than expected, but still elevated; consumer spending declines in November; Democratic leaders support Trump call for $2,000 stimulus checks
Trump’s comments put fate of $900 billion pandemic relief package into question; U.S. and Pfizer negotiating for more vaccine doses
Walmart defends pharmacists; consumer confidence falls - Closing Bell - Marketplace Minute - December 22, 2020
The consumer confidence index reflects pandemic-related pessimism; existing home sales decline in November; Apple shares rise on promise of vehicle development; MGM, home of “James Bond,” reportedly exploring sale
Just-passed spending bills include language to increase FAA oversight, and are aimed at ending surprise medical billing; Tesla stock falls 6.5% on its first day in S&P 500
U.K. lockdown and travel bans sent European markets reeling; major airline stocks fell on the fresh pandemic fears; IBM acquires cloud computing startup Nordcloud
The $900 billion deal extends federal unemployment benefits; European stocks down on news of U.K. lockdown, new virus strain; Tesla poised to debut on S&P 500
Personal income drops in every state; business earnings rise; Sony offers refunds for Cyberpunk 2077
Negotiations are expected to continue today. Lawmakers are closing in on a deal that includes $600 stimulus checks for most Americans
Retail spending drops in November; checking account balances are falling; Bitcoin tops $20,000 - Marketplace Minute - December 16, 2020
They’re negotiating the terms of a relief bill that would be attached to a spending bill Congress must pass by Friday to keep the government from running out of money
Investors were cheered by apparent momentum for a bipartisan COVID relief bill passing Congress before year-end.
The Food and Drug Administration issued a report today saying Moderna Inc.’s vaccine is 94.1% effective at preventing COVID-19.
We’ll hear from congressional leaders today on any progress they’re making toward a relief package. Senate Majority Leader Mitch McConnell and Minority Leader Chuck Schumer each have press conferences scheduled.
Pfizer CEO Albert Bourla said today that the U.S. government wants 100 million more doses in the second quarter of next year.
Trucks full of the new vaccine pulled out of Pfizer’s plants yesterday morning. The vaccine was put on FedEx and UPS planes, which brought it to distribution hubs in Tennessee and Kentucky
Azar: U.S. vaccinations could begin next week; producer price index little changed in November; consumer sentiment improves; key Brexit deadline nears
Senate Majority Leader Mitch McConnell casts doubt on bipartisan deal; Sanofi, GlaxoSmithKline vaccine suffers setback; Airbnb stock poised for modest pullback after big debut
Initial state claims rose to 853,000 last week; Uber wants early vaccine access for drivers; European Central Bank pumps up pandemic response
A one-week funding bill extends deadline for a deal; Airbnb set for IPO; GE settles SEC probe for $200 million
Vilsack was agriculture secretary during Obama administration; Fannie, Freddie case heads to Supreme Court; trial starts over Citigroup erroneous payment
White House suggests $600 one-time stimulus payments, but no supplemental unemployment aid; Australian legislators debate online news law; DoorDash set to make stock market debut at $102 a share
Analysis finds vaccine is protective against COVID-19; millions of smart devices are vulnerable to hacking, U.S. agency warns; American Airlines expands COVID testing to all domestic flight destinations
Negotiations continue over pandemic relief; Uber selling off key autonomous vehicle unit; second federal judge blocks TikTok ban
Consumer debt growth slows; AirBNB boosts pricing ahead of IPO; Bob Dylan sells publishing rights
JPMorgan Chase report offers policy recommendations; China’s global trade surplus grows in November; Bob Dylan’s entire music catalog sold
Bipartisan agreement on $300 weekly supplemental jobless benefits; Capital One bars buy-now-pay-later transactions; Airbnb to raise IPO valuation
Job growth slows in November; trade deficit widens; Cadillac dealers bail on electric vehicles
Economy added only 245,000 jobs; trade deficit grew to $63 billion in October; Warner Bros. to debut 2021 films online in U.S.
$900 billion bipartisan compromise bill prompts renewed calls for additional pandemic relief; OPEC agrees to modest output gains; Pfizer says supply chain issues slowed vaccine production
Labor Department’s numbers show employers are still slashing jobs; Congress clears bill to increase regulatory scrutiny of Chinese companies; Chevron cutting costs amid oil price collapse
Biden, Democratic leaders encourage new bipartisan effort; latest aid proposal would send $300 per week in supplemental jobless aid; Fed’s Beige Book shows November declines in economic optimism
Private employers hired 307,000 workers in November; Philadelphia Reserve president predicts economic growth will moderate; Biden tells The New York Times no immediate changes to China tariffs
U.K. to begin distributing the vaccine next week; Salesforce to buy Slack for $27.7 billion; Trump threatens veto of defense spending bill unless Section 230 protections axed; American corporations urge U.S. to rejoin Paris climate agreement
Vaccine shipments and strong China growth fueled investor optimism; Cyber Monday broke online sales record; Nasdaq wants to enforce a diversity requirement
The Fed chair and treasury secretary will discuss economic recovery; Tesla to join S&P 500 in one step, not two; Biden to introduce economic advisers
President-elect announces economic team; accountability office finds flaws in unemployment data
The drugmaker is the second to seek U.S. regulatory approval; Biden to announce key economic nominees; S&P Global to purchase IHS Markit for $44 billion
Shoppers stayed away from brick-and-mortar stores, but online sales increased; Trump administration to ban U.S. investment in more Chinese companies, Reuters says; Brexit nears final deadline
The vaccine has faced questions over its trial results; officials to test flights from U.S. to Rome without quarantine; EU lifts tariffs on Maine lobster
Weekly state unemployment claims totaled 778,000 last week; ViacomCBS sells Simon & Schuster to rival publishing house Penguin Random House; farming equipment maker John Deere beats earnings estimates
SEC’s pilot program would test idea of partial pay through equity; OxyContin maker Purdue Pharma pleads guilty; Boeing’s 737 Max nears clearance in Europe
Dow crosses 30,000 mark for the first time; McCormick will add Cholula to its hot sauce portfolio
The closely-watched index fell more than five points; Tesla’s valuation breaches $500 billion; Best Buy signals uncertainty about holiday shopping period
Investors reacting to AstraZeneca’s vaccine trial results, and White House cooperation with Biden transition; Yellen reportedly is Biden’s pick for Treasury Secretary; GM backs out of vehicle emissions lawsuit
Biden picks Janet Yellen for Treasury; business activity picks up; new COVID-19 restrictions to take effect
Millions passed through airports over the weekend; Las Vegas casinos under tightening COVID restrictions; Guitar Center files for Chapter 11 bankruptcy
The British drugmaker pledges to sell the vaccine without profit; U.S. regulator says COVID vaccinations could start as early as next month; G-20 leaders pledge vaccine cooperation
The Treasury secretary is pushing back on criticism for ending several Fed emergency lending programs; Pfizer applies for COVID vaccine authorization; Trump, China’s Xi meet in APEC summit
Treasury Secretary says the programs are no longer needed, but central bank disagrees; feds, states nearing a Facebook antitrust lawsuit; United, American end international flight change fees
Businesses face new restrictions; housing market hits new highs; Buzzfeed to buy HuffPost
The unexpected increase was the first in five weeks; initial results show AstraZeneca’s coronavirus vaccine builds immunity in elderly; Macy’s predicts weak holiday shopping season
“A Promised Land” sets modern-day record for presidential memoirs; APEC leaders sound optimism over incoming Biden administration; U.S. airlines renew calls for more aid
FAA lifted the plane’s grounding after two years of review; Pfizer gathers final safety data for COVID vaccine; home construction rises 4.9% in October
The test comes from a Silicon Valley startup; Shelton’s Fed nomination stalls in Senate; Dolly Parton helped fund Moderna vaccine research; FAA expected to clear Boeing’s 737 Max
Retail sales grew 0.3%, below expectations; Walmart profits surge 56% in latest quarter; Amazon gets into prescription drug business
Senators are expected to grill Zuckerberg and Dorsey on misinformation handling; Pfizer testing vaccine delivery in four U.S. states; Tesla to join S&P 500
Moderna is the latest drug-maker to tout the effectiveness of its covid-19 vaccine, in late-stage trials.
Drugmaker Moderna says initial trials show highly effective vaccine; markets rise on positive vaccine news; Biden to speak about rebuilding the economy
The deal excludes the U.S.; China says economy gaining steam; global markets rise following trade deal
The charges stem from Wells Fargo’s fake accounts scandal; producer prices rise 0.3% in October; DoorDash discloses IPO filing
Vaccine hopes won’t be enough to prop up economies, bankers warn; home prices rise in all parts of the country; U.S. sets new budget deficit records
Weekly job losses slow to their lowest rate since March; consumer prices remain steady in October; 165 companies complain about Google’s search practices
Trump’s divestiture order is scheduled to take effect today; questions raised over Trump legal fight fundraising; American Airlines restarts flights to China
Tech-heavy Nasdaq opened higher; BMW to debut all-electric SUV in 2022; Alibaba rakes in more than $70B in sales on China’s Singles’ Day
Also among list of advisers are tech industry critics and banking executives; Senate Republicans unveil mostly bipartisan spending bill; Honda promises next level of driving autonomy within months
Stocks close mixed; Spotify buys podcast ad business; Apple unveils computers with in-house chips
Europe’s antitrust regulator says the online retailer unfairly uses data; BioNTech says new vaccine will be priced below market rates; Supreme court hears arguments in case challenging Obamacare
The retaliatory tariffs go into effect Tuesday; markets more subdued after vaccine news rally; J.C. Penney to emerge from bankruptcy with new owners
Pfizer, BioNTech say their COVID-19 vaccine is more than 90% effective; stocks soar on vaccine news, election results; Biden to convene COVID-19 task force
Global indices rallied; President-elect Biden to meet with COVID task force; Virgin Hyperloop completes first passenger ride
Job growth slowed to 638,000; Arizona voters approve new tax to pay for education; Hershey beats earnings estimates partly on sales of baking goods
Wall Street futures point down, a day after stock rally; social media platforms take action against baseless voter fraud claims; Washington state Supreme Court rules farmworkers should get overtime
Jobless claims dropped slightly, but remained high; markets up on assumption of divided election result; Airbnb planning IPO debut
Stocks and futures were up around the globe; McConnell says Senate to focus on pandemic relief; Nintendo earnings soar
Indices post strong gains despite ongoing tally; Uber and Lyft score victory in California
Wall Street indexes head higher; investors rebalance on potential of various election outcomes; online bettors bet on Biden victory; Twitter, Facebook label Trump’s misleading election posts
Global markets mixed morning after U.S. election ends; voters approve drug legalization measures in various states; California voters approve employee exemption for Lyft, Uber; Florida voters approve $15 minimum wage
Stocks rise; authorities halt Ant Financial IPO; AMC and Universal will sell movies online
Markets rallied around the world; Ant Group IPO suspended; oil giant Saudi Aramco third quarter net profit drops 44.6%
In Europe, Asia, U.S., indices are pointing up; Florida voting on $15 minimum wage; Walmart gets rid of inventory-tracking robots
Wall Street stocks up after last week’s losses; much of Europe going back into lockdown; Friendly’s restaurant chain files for Chapter 11 bankruptcy
Mall operators are restructuring amid plummeting business; oil prices down amid uncertainty, new European lockdowns; Obamacare open enrollment begins
Consumers’ income rose 0.9% in September; Exxon Mobil posts quarterly loss, announces steep cuts; Starbucks upbeat about 2021 sales
Apple, Twitter disappoint in quarterly results reporting; Walmart removes firearms displays as precaution; Netflix hikes subscription prices
GDP increases at 33.1% annualized rate; 751,000 new state jobless claims last week; Disneyland Paris closing again
A hacking group could be planning massive attacks, authorities say; Remdesivir sales total $873 million in third quarter; J.C. Penney expects to emerge from bankruptcy by holidays
Markets volatile around the world amid rising coronavirus infections; Big Tech CEOs caution Congress over Section 230 changes; Boeing to cut 30,000 jobs
Hearing expected to focus on Section 230 protections; EPA approves dicamba weedkillers; T-Mobile launches streaming TV service
Consumers surveyed were more pessimistic about jobs; durable goods orders rise in September; Shopify is teaming up with TikTok; Waymo and Daimler to develop autonomous semi-truck
Wall Street’s ‘fear gauge’ rose sharply yesterday; AstraZeneca vaccine shows promising trial results; Las Vegas’ Venetian and Palazzo casinos exploring sale
Pelosi says she’s awaiting White House response to latest demands; Wall Street opens lower amid rising coronavirus infections; Hasbro reports jump in board game sales
Investors react to rising coronavirus cases and election uncertainty; Pelosi waiting for White House response in relief negotiations; Facebook making election violence contingency plans, Wall Street Journal reports
Prospects of a relief deal before election growing dim; California appeals court rules Lyft, Uber drivers should be employees; American Express profit slumps
Pre-emptive suit seeks to head off government civil action; 30-year mortgage rates hit new low; Gap to largely exit malls
Stocks rise; unemployment claims fall slightly; UPS to boost employees’ rainy day funds
Still elevated, initial claims declined unexpectedly last week; Southwest and American Airlines post steep quarterly losses; AT&T’s revenue declines amid cinema closures
The White House and Democrats are scheduled to talk again today; Quibi plans to shut down; Tesla reports profit for fifth straight quarter
Stocks drop, Purdue Pharma pleads guilty to criminal charges; Quibi reportedly shutting down
White House signals progress in talks for more pandemic aid; Purdue Pharma to plead guilty to criminal charges, The AP reports; PayPal to allow cryptocurrency use
Google lawsuit similar to Microsoft case, experts say; negotiations continue over pandemic relief, despite missed deadline; Netflix short of subscriber growth forecast
The lawsuit is focused on Google’s search dominance; housing starts increase in September by 1.9%; Brexit talks at standstill
Tuesday is the self-imposed deadline to reach a deal before the election; Wisconsin says Foxconn not living up to promises; NASA awards Nokia contract for wireless network on the moon
The pharmacy giant expects a pandemic surge; investors await Netflix results; ConocoPhillips makes major shale acquisition
Pelosi says deal needed Tuesday to pass bill before election; China’s economy grows 4.9% in last quarter; American Airlines says Boeing 737 MAX jets could return to sky before end of year
Stocks close up; new Congressional report says the Treasury Department instructed banks to favor existing customers
Consumers spent more on cars, clothing and dining out; the consumer sentiment index inches up in October; Pfizer says vaccine may be ready before end of year
Majority Leader McConnell says Senate prefers smaller spending bill; Democratic senators question Amazon’s worker treatment; judge skeptical of government over WeChat ban
898,000 people filed for state unemployment aid last week; Mnuchin says talks on more pandemic relief to continue; overseas markets decline on dimming stimulus hopes
Mnuchin says deal before election would be difficult; investors growing pessimistic about more U.S. pandemic relief; IMF expects record global debt due to pandemic response
Stocks fall; more banks report earnings; Pilgrim’s Pride announces plea deal over price fixing
Goldman Sachs shined, while others struggled; YouTube pledges to remove vaccine misinformation; “simple” Twitter hack shows vulnerabilities, probe concludes
The latest twist is in a long-running dispute over aircraft manufacturer subsidies; Pilgrim’s Pride agrees to $110 million fine to settle price-fixing probe; Delta posts $5.4 billion loss in third quarter
The consumer price index rose 0.2% in September; bank earnings beat expectations; Chevy Bolt fires under scrutiny
Johnson & Johnson temporarily pauses trial after unexplained illness; China’s exports accelerate in September; Disney reorganizes to elevate streaming services
Stocks close higher; big week for bank earnings; Nobel Prize in Economics Sciences awarded
Microsoft says hackers were installing malware on government computers; two Americans win economics Nobel; new global tax policy proposed for Big Tech
Bipartisan opposition to latest White House offer; Gulf of Mexico oil production ramping back up; Mallinckrodt, opioid drug manufacturer, files for bankruptcy
Stocks were up around the world; Nobel Peace Prize awarded to U.N. World Food Programme; WarnerMedia planning job cuts, WSJ says
92% of the Gulf’s offshore oil production was offline; Facebook, Twitter stop accounts allegedly tied to illegitimate influence campaigns; federal budget deficit grows to $3.1 trillion
House Democrats push for broad relief package; unemployment claims tick down slightly; McDonalds sees sales gains.
840,000 people filed new state unemployment claims; OPEC sees oil demand plateauing in 2030; Bank of America to offer small loans to customers
Airlines are asking for an additional $25 billion; World Bank forecasts 100 million more in extreme poverty; Facebook adopts new election rules
White House chief of staff says comprehensive aid package unlikely; Gulf of Mexico offshore oil production halting ahead of another hurricane; investors await details of the Fed’s new inflation policy
Markets appeared to shrug off Trump’s decision; Big Tech criticizes House antitrust report; Supreme Court to hear arguments in Google-Oracle copyright fight
The U.S. trade deficit grew to a 14-year high; pandemic’s impact on world trade less than initially feared; business jet clients mostly undeterred
Report a ‘call to break up’ tech giants, Republican lawmaker says; Southwest asks workers for voluntary pay cuts; K-pop group BTS’ management company shares lackluster on conscription worries
Stocks rise; services sector grew last month; theater chain says it has no movies to show
White House chief of staff says coronavirus relief deal possible; drug industry deal would be worth $13 billion; Europe growth slows after rising infections
Stock futures are pointing up on Wall Street; Cineworld to shut Regal Cinemas in U.S.; Pope Francis calls for economic change
Wall Street and European stocks were down on the news; talks for more coronavirus relief yield no deal, yet; U.S. employment growth slows further
Stocks rise; incomes drop as enhanced unemployment benefits expire; GM says pickup sales are up
State unemployment claims declined 4% from prior week; talks continue on another round of pandemic relief; Trump administration proposes more airline aid
United, American say they’ll begin furloughs; House postpones vote on latest coronavirus relief bill; trading halted on Tokyo stock exchange
Companies added 750,000 jobs; airline workers brace for layoffs without more aid; Mnuchin urges airlines to wait
Markets around the globe are reacting to the first debate; more coronavirus relief talks planned; Disney to lay off 28,000 workers
Consumer confidence improves to highest level since March; July’s 4.8% increase in home prices is higher than expected; Target takes aim at Amazon’s Prime Day
The latest offer from Dems aims to restart stalled COVID relief talks; bipartisan bill expected to address airplane safety; hospital operator Universal Health Services hit by suspected ransomware attack
The president responds to a New York Times report that says he only paid $750 in federal income taxes in 2016 and 2017.
A federal judge has blocked the Trump administration from banning the video app from U.S. app stores.
The Census Bureau reported this morning that orders for durable goods in August increased just four-tenths of a percent.
The Labor Department reported today that 870,000 Americans filed for unemployment benefits for the first time last week, about 20,000 more than expected.
The Labor Department reported today that 870,000 Americans filed for unemployment benefits for the first time last week, about 20,000 more than expected.
IHS Markit says growth has slowed in service industries; investors jeer Tesla’s ‘battery day’ announcement; Wells Fargo CEO apologizes for comments over diversifying hiring
The measure funds the federal government through Dec. 11; House passes ban on Chinese imports made with suspected forced labor; big tech stocks rally again
Powell, Mnuchin to testify on economic measures; existing home sales and prices rise in August; Ralph Lauren plans job cuts
TikTok-Oracle-Walmart deal remains in limbo; Quibi exploring options, report says; Asian markets lower after Wall Street tumble; Fed Chair Powell heads to Capitol Hill
Microsoft will buy Bethesda Softworks; stocks fall; CBO projects budget deficit will double US economy by 2050
Trump says U.S. TikTok must be controlled by American firms; stocks down on pandemic aid concerns; Nikola founder steps down
Shares of some major banks decline sharply; China’s ByteDance says it still owns TikTok in U.S.; judge blocks WeChat ban
9/18/2020 Beras/MM Closing Bell/Karr
Episode Title: Stocks End the Week on the Downside Episode Summary: Stocks,
GONG: :02 I’m Erika Beras with the Marketplace Minute.
STORY 1 Stocks Ended the Week on the Downside
The Dow was down nearly a percent.
The S&P and the NASDAQ were both down more than a percent.
All three indexes were down for the week.
STORY 2
The Trump Administration will begin barring downloads and use of the apps TikTok and WeChat on Sunday.
U.S. officials say this is because of national security concerns - the apps are Chinese owned.
TikTok has 50 million daily active users in the U.S.
STORY 3
The U.S. Agriculture Department released details of a second round of Covid-19 aid for farmers, which will pay up to $14 billion dollars to producers of corn, soybeans, wheat, livestock, dairy and tobacco.
This follows a 19 billion dollar relief program in April. Less than 10 billion of that has been paid out to date.
STORY 4
Americans showed a bit more optimism in the latest survey of consumer sentiment from the University of Michigan...the index rose about five points.
CLOSE I’m Erika Beras with the Marketplace Minute.
WeChat ban, TikTok partial ban to take effect Sunday; current account deficit soars 50%; consumer sentiment improves
Trump announces additional aid at Wisconsin campaign rally; The Fed plans second round of bank tests; oil prices rise
Weekly jobless claims stuck at elevated levels; airline CEOs in Washington to press case for more aid; stocks slide on disappointing jobs news
The Fed signaled no new actions to prop up economy; Gulf of Mexico oil production resumes; Raytheon cutting 15,000 jobs
Vaccines will be free, according to federal plan; House report faults Boeing, FAA over 737 Max safety failures; retail sales slow in August
The World Trade Organization says tariffs on Chinese goods are illegal; Senators grill Google over online ad business; Fed’s policy statement due out today
Stocks close up; DOJ investigates electric-truck startup; Molson Coors partners with Yuengling
Manufacturing output increases in August; import prices also rise; Facebook buys REI’s HQ
Investors watching for hints on Fed action over new policy; Daimler agrees to $2.2 billion diesel settlement; Apple expected to unveil new watches and iPads
OPEC says oil demand will not fully recover next year; Airbus warns of more jobs cuts; Amazon goes on another hiring spree
TikTok will not sell, but will partner with Oracle, according to reports; Nvidia to purchase Arm for $40 billion; oil prices rise ahead of Tropical Storm Sally
NASDAQ posts worst week since March; deficit climbs above $3 trillion; used car prices rise
While the unemployment rate fell, the rate of job growth slowed; stocks were buoyed by the jobs report; world’s first electric hydrofoil speedboat makes debut
Dow and S&P 500 set for modest gains; Apple delays privacy feature; Google antitrust lawsuit is near, Reuters reports
Labor Department shifts unemployment calculations; Facebook plans election ad restrictions
Initial claims were at their lowest last week since the pandemic hit; GM and Honda deepen alliance; Campbell Soup expects demand to slow
The Fed’s Beige Book finds pandemic malaise; SEC investigating Robinhood, report says; McDonald’s files trademark complaint over “Big Jack”
CBO debt projections are highest since WWII; stocks close up; Macy’s says sales are down but improving
ADP shows fewer new jobs than expected; Ford to cut 1,400 jobs; Macy’s sales losses less than feared
CDC could help some renters amid pandemic aid impasse; Unilever to end fossil fuel use in cleaning products; Lego sales increase
Stocks close higher; manufacturing index rises for fourth straight month; Black ex-franchise owners sue McDonalds for discrimination
Manufacturing jobs did not follow, despite gains in factory activity; McDonald’s lawsuit accuses chain of racial bias; Walmart unveils new subscription plan
The S&P 500 index had a great August; Delta, American also drop change fees; Apple preparing 5G iPhones
Stocks close mixed; United ends change fees; Chase and Mastercard launch new rewards card
August was a great month for the key stock index; TikTok suitors’ shares down; “Tenet” film debuts strong overseas
Business group says questions remain over payroll tax holiday; Chinese government issues new rules during TikTok sale talks; United Airlines permanently waives change fees
Consumer spending grew 1.9% in July, after a higher June jump; Abbott shares buoyed by $750 million test deal; S&P 500 hits another record high
The card issuer cut limits for some customers; United warns of pilot job cuts; Musk: Tesla factory targeted in attempted cyberattack
The Fed will now tolerate higher inflation to spur job growth; weekly jobless claims top 1 million again; second-quarter GDP contraction revised to 31.7%
TikTok is suing the Trump Administration over proposed ban; FDA approves $5 rapid COVID-19 test; investors await Powell speech
Transportation led gains in durable goods; mortgage applications soar; data company Palantir to go public
Fed chair may signal change on inflation policy; Teva indicted on price-fixing charges; Gulf oil production shuts down ahead of Hurricane Laura
Stocks closed mix; Dow switch reflects a focus on tech; American Airlines plans layoffs
Consumer confidence falls for second month; home prices and sales rise; Alphabet launches insurance subsidiary
Apple blocked from unplugging Epic’s Unreal Engine; Officials reaffirm U.S.-China trade deal; changes coming to Dow index
Survey finds one-in-four chance of another dip; Facebook pays French back taxes; stocks surge on additional COVID treatment
Microsoft says Epic fight could hurt its video game business; global markets rally on blood plasma treatment approval; Gulf storms threaten oil rigs
Numbers of mortgages 90+ days overdue is at a 10-year high; home sales skyrocket in July; Facebook supports data portability
The ride-hailing companies can operate as usual for now; federal prosecutors charge ex-Uber security chief; Facebook’s Zuckerberg testifies in antitrust probe
Claims rose to 1.1 million after dropping a week earlier; American Airlines warns of canceled flights; Airbnb bans house parties
The Fed’s cautious outlook dampens investor optimism; Apple’s valuation hits $2 trillion; Airbnb preps for IPO
Target’s online sales tripled; Lowe’s reports 34% sales growth; Citigroup sues to recover erroneous payments
A smaller deal might be possible, Reuters reports; U.S.-China trade talks on hold; S&P hits record high
Housing construction saw a boom in July; Walmart sales soar; Home Depot boosted by DIYers
Report: just 18 states plan to sign up for Trump’s unemployment aid plan; Battle between Epic Games and Apple heats up; Oracle said to be interested in TikTok
Homebuilders are optimistic about single-family home market; Chinese firm is barred from using U.S. tech for chips; Domino’s hiring 20,000 U.S. workers
Parents have more time to claim dependents; Google opposes proposed Australian regulation to pay for news
U.S. consumers kept spending, despite pandemic’s resurgence; productivity rises as working hours drop; Google won’t respond to Hong Kong authorities
White House economists say pandemic relief worked; Survey: Economists support $600 weekly unemployment aid; Fortnite maker sues Apple, Google
Claims are below 1 million for first time since mid-March; Uber, Lyft say they may suspend California operations; AMC offers 15-cent movie tickets
Federal deficit is at $2.8 trillion; business group says “uncertainty” surrounds payroll tax deferment; San Francisco DA demands DoorDash workers be classified as employees
Delinquency rate doubled in May; Android devices will send earthquake alerts; Moderna is latest with vaccine deal
Economists: Trump actions provide fraction of needed aid; producer price index rises in July; China auto sales increase
State governors say Trump plan too costly; Pentagon to auction spectrum for 5G; TSA: more passengers at airports
Trump says Pelosi, Schumer want to meet; June job openings reached 5.9 million; McDonald’s sues former CEO
Investors assessing effects of relief orders; profit plunges at world’s largest oil producer; mall owner profits forecast down
Pace of hiring slowed last month; study says millions of Americans at risk of losing homes; Pfizer, Gilead to jointly manufacture remdesivir
PPP deadline approaching; pandemic relief talks make little progress; Chinese exports grow
Jobless claims remained above 1 million; MetLife projects 200,000 COVID-19 deaths; ViacomCBS gains streaming subscribers
White House threatens executive action if talks fail; Republican Senators back more airline aid; Toyota global sales cut in half
U.S. trade deficit declines 7.5% in June; private payroll growth slows; Johnson & Johnson strikes COVID-19 vaccine deal
Negotiators aim for a deal on coronavirus relief by end of week; gold hits new record; U.S. reportedly seeks billions from opioid maker Purdue Pharma
Factory orders were up 6.2% in June; E.U. regulators probe Google-FitBit deal; Clorox Wipes in short supply; Radio City Christmas show canceled
Impasse remains over extending $600-per-week benefits; BP shares rise on future plans; FAA calls for Boeing 737 Max design changes
Robert Kaplan says $600 a week helped economy; manufacturing, construction spending grow; Google buys stake in ADT
White House, Democrats at odds over unemployment aid; Lord & Taylor, Men’s Wearhouse file for bankruptcy; Microsoft in talks for TikTok
Consumer spending rebounds in June; wage growth slows; U.S. awards $2.1 billion for a potential COVID-19 vaccine
Amazon, Apple and Facebook post sales growth; Twitter says hackers called employees; Australia demands Google, Facebook pay for news
Second-quarter U.S. GDP dropped at an unprecedented rate; Initial jobless claims at 1.4 million; Comcast posts broadband gains
U.S. GDP expected to drop by one-third in second quarter; Airbus cuts production; Shopify and Samsung see growth
Boeing lost $2.4 billion last quarter; GM losses top $800 million; Amazon’s Bezos makes first congressional appearance
Big Tech CEOs to appear at an antitrust hearing; SBA inspector general warns of potential fraud; Universal, AMC reach deal on releasing films
Consumer confidence weakened in July; corporate earnings show losses; global air travel forecast darkens
Democrats criticize GOP plan; two Republicans oppose Trump’s Fed nominee; Fed officials meet
Moderna’s coronavirus vaccine is first to enter final trials; durable goods orders rise in June; Facebook delays earnings for congressional hearing
GOP leaders to unveil latest pandemic aid plan; Gold prices hit record high; Banking regulator eases hiring rules
New home sales are up almost 14% from May; American Express profits take a big hit; Disney cancels the planned August release of the movie Mulan.
China says Washington has 72 hours to close its consulate in Chengdu; coronavirus relief bill delayed; Intel reports earnings.
Another 1.4 million people applied for unemployment benefits for the first time; Republicans appear to have a relief package deal; Twitter revenue falls.
Senate Republicans could unveil their latest coronavirus relief package as soon as today; and the former chief executive of Wirecard is arrested again.
The federal government agrees to buy 100 million doses of a coronavirus vaccine later this year; China vows retaliation for the closure of its Houston consulate; existing home sales shot up last month.
The Justice Department says two Chinese hackers stole trade secrets and intellectual property; the Senate Banking Committee approves controversial Federal Reserve nominee Judy Shelton; Microsoft reports fiscal fourth-quarter earnings
The teachers say it’s not safe to reopen Florida schools now; LinkedIn lays off employees; Coca-Cola earnings fall.
Trump administration officials scheduled to meet today with congressional Democrats; the EU agrees on a new coronavirus aid package; eBay acquires part of a Norwegian company.
Senate Republicans are expected to roll out another coronavirus relief package this week; workers in more than 25 U.S. cities are expected to participate in a “Strike for Black Lives” today; Halliburton reports second-quarter earnings.
Netflix added 10 million subscribers; British Airways retires iconic 747s; United reaches furlough deal with pilots
7.5% increase in retail sales; 1.3 million new jobless claims; Bank of America profits plunge
Chinese economy grew 3.2%; American Airlines sends furlough notices; unemployed Americans spent more, study finds
Apple wins big in European court; OPEC considers oil supply increases; NBC Universal’s Peacock streaming service launches
Optimism over vaccine trial fuels stocks; policymakers cautious about economic outlook; Trump to ease environmental rules for infrastructure regulations.
Three major banks set aside $25 billion for potential defaults; retail prices increase in June; Delta scales back flights.
Record job losses have led to record health insurance loss; U.K. authorities to reject Chinese 5G provider; “smart” grocery carts are coming.
China sanctions U.S. senators, congressman; U.S. fast-tracks two more COVID-19 vaccine candidates; PepsiCo reports strong earnings.
A host of earnings and economic data to come; oil supply cuts to ease; Bill Gates’ vaccine warning.
Stocks rally . . . COVID-19 cases soar . . . and producer prices fall on weak consumer demand.
Producer prices unexpectedly fall; Twitter’s Dorsey funds universal income experiment; oil demand weakens.
Biden’s economic recovery plan emphasizes manufacturing, tech; global oil industry recovering slowly; Disney World reopens.
A mixed day for stocks; federal pandemic payments may be extended; and United warns of furloughs in the fall
New unemployment claims remain high; United Airlines prepares job cuts; Wells Fargo donates to small businesses.
United sends furlough notices; Fed chiefs warn of economic stall; Musk forecasts autonomous cars.
Storied chain has faced declining suit sales and the COVID-19 pandemic; stocks close up
Supreme Court rules employers can deny birth control coverage on religious and moral grounds; report says Facebook has not done enough to protect users; Londoners get Uber Boat.
Report suggests grim jobs outlook; profits for COVID-19 disinformation sites; Facebook meeting disappoints boycott organizers
U.S. government is backing two potential vaccines; more airlines file to get rescue loans; economists call for more cash payments.
Service-sector index increases in June; corporate borrowing falls; Treasury releases PPP data
Uber-Postmates deal worth $2.6 billion; services sector sees growth; global investors signal optimism.
A $10 billion natural gas deal; Ford sells more SUVs in China; global markets rally on optimism.
Record job growth expected in June; Fed considering interest rate assurances; tech CEOs heading to Congress.
Automakers report over 30 percent sales drops in Q2; private sector employment increases; trucking giant gets a bailout
Pfizer vaccine trial shows promising results; private employment improves in June; grim global tourism forecast.
U.S. consumers were less pessimistic in June; Shell will write off up to $22 billion; tax filing deadline remains July 15.
Tax filing deadline remains July 15; Boeing Max orders canceled; Fed chair to testify in Congress.
Stocks close up; record jump in pending home sales; drug maker Gilead reveals cost of potential COVID-19 treatment.
Drug maker Gilead reveals cost of potential COVID-19 treatment; Boeing’s 737 Max starts test flights; record jump in pending home sales.
Test flights begin for Boeing’s embattled plane; Facebook ad boycott may go global; Fracking pioneer files for bankruptcy
Unemployment benefits set to expire in July; Unilever drops ads from Facebook and Twitter
Americans made less, spent more in May; American Airlines to sell more seats on planes; Microsoft closing stores.
Airline CEOs meet with VP Pence; Wirecard a “sophisticated fraud”; Verizon joins Facebook boycott.
Unemployment claims above expectations; Disneyland opening delayed; more pandemic pain in oil and retail.
Roundup maker reaches over $10 billion settlement; Wirecard files for insolvency; Canada loses triple-A rating.
IMF: global economy will decline 4.9%; U.S. home prices rise; Facebook ad boycott grows
Walmart lowers flag with Confederate symbol; Facebook boycott grows; investors worry over coronavirus surges.
Nasdaq hits intraday record; China trade deal still on; Wirecard CEO bail set; new home sales improve.
German payments firm CEO is arrested; Trump says China deal safe; Big business criticizes immigration suspension
Apple announces its own in-house processors; existing home sales fall for the third straight month
Supreme Court declines steel tariffs challenge; American Airlines raises new cash; Tesla plans battery announcement
American Airlines needs more operating cash; U.S. corporations import profits; Tesla makes big announcement
Wirecard’s financial scandal deepens; Another Covid-19 vaccine enters human trials; Companies honor Juneteenth.
Host Justin Ho walks us through what to expect on The Marketplace Minute. Keep up with what’s happening in the economy right now. Get the most important stories about money, business and the economy three times daily, delivered only the way Marketplace can.