Bad housing news comes in threes
Marketplace
by Marketplace / Kai Ryssdal
6h ago
This week, we got some gloomy news on the housing market: In April, new homes sales fell 4.7% and existing home sales dropped about 2% from the month before, and in May, homebuilder confidence took a dive. The most likely culprit? High mortgage rates. Also in this episode: Why DuPont is splitting its company into three, what Olympic and Paralympic athletes are doing to raise funds for Paris, and how business is going for a maker of custom cowboy boots in Virginia. Our May fundraiser ends Friday, and we need your help to reach our goal. Give today and help fund public service journali ..read more
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Accommodations for long COVID
Marketplace
by Marketplace / Kai Ryssdal
6h ago
About 7% of U.S. adults have long COVID, according to a new survey by the Centers for Disease Control and Prevention. Many of those nearly 18 million people say their symptoms affect their ability to work. Disability accommodations could be the answer. Also in this episode, competitors work on catching up to AI chipmaker Nvidia, companies offer 401(k) matching of student loan payments and the Consumer Financial Protection Bureau starts regulating buy now, pay later platforms ..read more
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The complexity of succession planning 
Marketplace
by Marketplace / Kai Ryssdal
3d ago
On Monday, JPMorgan Chase CEO Jamie Dimon hinted at retiring soon after running the banking powerhouse for 18 years. But finding replacements for veteran CEOs can be a tricky business. Also in this episode: New research finds that Native households are more financially stressed. Plus: Lowe’s invests in professional contractors, and Chicago vendors scramble after grocery stores shutter. Our May fundraiser ends Friday, and we need your help to reach our goal. Give today and help fund public service journalism for all ..read more
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The future of dining
Marketplace
by Marketplace / Kai Ryssdal
4d ago
Fast-casual sit-down restaurant chains have a lot on their plates right now. They’re unpopular with Gen Z customers, struggling to maintain reasonable prices and can’t compete with made-to-DoorDash options like Chipotle. Meanwhile, at the other end of the restaurant spectrum, reservations at trendy spots are hot tickets in resale markets. Also in this episode: The Port of Baltimore hopes for a return to normalcy, Texans gear up for a sweltering summer and homeowners in extreme weather-prone areas turn to state governments for insurance ..read more
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“The granddaddy of all stock indices”
Marketplace
by Marketplace / Kai Ryssdal
6d ago
The Dow Jones Industrial Average closed above 40,000 for the first time on Friday. As we say regularly on this show, the stock market is not the economy. But it can still be a good indicator of how some folks are feeling about the state of the economy. Also in this episode: Competition for small-business spending heats up, EV sales take a dip, and purchasing power for all income levels rises. Marketplace is behind for this budget year — that means listeners like you can make a critical difference by investing in our journalism today ..read more
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Walmart, Wayfair and . . . wool?
Marketplace
by Marketplace / Kai Ryssdal
6d ago
Staying ahead is tough if you run a business — especially in this odd economic moment, where even affluent shoppers are picking low-cost alternatives. Whether you’re selling furniture, home goods or sheep’s wool, sometimes you have to adapt by targeting new markets. In this episode, three businesses doing just that. Plus, what a dip in weekly jobless claims might signal, why currency carry trades are risky, and how the bees made a comeback. Marketplace is behind target for this budget year — that means listeners like you can make a critical difference by investing in our journalism today ..read more
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The inflation cooldown we’ve been waiting for?
Marketplace
by Marketplace / Kai Ryssdal
1w ago
Looking at fresh economic data, retail sales were flat and some categories of food dropped in price from March to April. That indicates both falling inflation and a consumer spending pullback — good things if you’re the Federal Reserve. We’ll dig into the consumer price index and hear from Chicago Fed President Austan Goolsbee about the stickiest part of inflation right now. Plus, more women are employed than ever. Could that change as pandemic support programs expire? The next $50,000 in donations to Marketplace will be matched, thanks to a generous gift from Dr. Joe Rush of Florida. Give now ..read more
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Consumer sentiment slumps
Marketplace
by Marketplace / Kai Ryssdal
1w ago
Americans are feeling worse about the economy. And that’s partly to do with fears about lasting inflation. According to the latest data, consumers expect inflation to rise three-tenths of a percentage point a year from now. Also in this episode: Why people are eating less fast food, how employers are helping workers with addiction recovery and what lower demand for second homes means for the general housing market ..read more
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Is the U.S. ready to be a chipmaking superpower?
Marketplace
by Marketplace / Kai Ryssdal
2w ago
Commerce Secretary Gina Raimondo wants to position the U.S. to become a leader in semiconductor manufacturing. After all, the U.S. invented the industry not so long ago. The Biden administration has invested $30 billion in new factories, and companies have thrown in 10 times that sum. In this episode, Raimondo tells “Marketplace” host Kai Ryssdal where she hopes U.S. chip production will be by 2030. Plus, her broadband expansion plan and how she views our trade relationship with China.   Support our nonprofit newsroom today and pick up a fun thank-you gift like our new Shrinkflation mini ..read more
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Rents outpace wages in big cities across the U.S.
Marketplace
by Marketplace / Kai Ryssdal
2w ago
Over the past five years, rents in nearly every major U.S. city have risen faster than wages. In New York City, rent surged seven times faster than wages last year. But this spike isn’t confined to the Big Apple. Later in this episode: GE’s three-way split is the end of an era. Also: the WNBA pay gap, and the rebranding of an iconic Midwestern frozen-food delivery service ..read more
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