Consumer sentiment declines
Consumers feel frustrated with inflation; Surveyed economists think inflation would worsen under Donald Trump; Dollar General reaches a safety settlement.
Jul 12, 2024•1 min
Marketplace Minute
The Marketplace Minute® has concluded production as of July 2024.
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Episodes
Wholesale inflation rose in June, even as consumer prices fell
The producer price index increased 0.2%; economists worried Trump will worsen inflation, WSJ survey finds; PepsiCo, Conagra signal limits to price increases; IMF predicts Fed rate cuts by end of year.
Jul 12, 2024•1 min
Higher prices eat into snack sales
Markets close mixed; PepsiCo blames “price conscious” shoppers for falling sales; Mortgage rates tick down; GM will retool a Michigan plant for EVs, with federal help.
Jul 11, 2024•1 min
Consumer prices decline for the first time in four years
The consumer price index fell 0.1% between May and June; initial jobless claims remain low at 222,000; Biden administration to distribute $1.7 billion to modernize old auto plants; Apple to open Apple Pay to competitors in two weeks.
Jul 11, 2024•1 min
Powell says rate decisions won’t be influenced by the election
Stocks close higher; Powell says the election won’t impact rate decisions; Wholesale inventories rise; Intuit pivots to AI.
Jul 10, 2024•1 min
Biden administration imposes new steel, aluminum tariffs
The tariffs cover steel and aluminum shipped from Mexico, but made elsewhere; Powell opens door to interest rate cuts; Microsoft leaves OpenAI board; Samsung workers in South Korea go on strike.
Jul 10, 2024•1 min
Powell testifies before Congress
Markets mixed; Powell says labor market has cooled; Drug middlemen under fire; Non-alcoholic beer brand doubles in value.
Jul 09, 2024•1 min
Small business owners are a bit more optimistic
A measure of small business optimism hit its highest point of the year in June; Hurricane Beryl leaves Texas oil infrastructure largely unscathed; Purdue Pharma creditors ask for authorization to sue Sackler family members; Boeing 737 planes to be inspected for potential faulty oxygen mask systems.
Jul 09, 2024•1 min
Stocks extend run
Markets hit new highs; Markets anticipate inflation data; Corning pops on AI strength; TSA screens record number passengers.
Jul 08, 2024•1 min
Boeing is set to plead guilty to criminal fraud
Boeing deal covers conduct before Max crashes; Texas ports, oil platforms close as Hurricane Beryl strikes; Skydance, Paramount agree to merger; France, Britain elect left-leaning leaders promising economic improvements.
Jul 08, 2024•1 min
Unemployment ticks up
Markets hit new highs; Unemployment rose to 4.1% in June; Fed report emphasizes independence; Air travel complaints rise.
Jul 05, 2024•1 min
There’s a bit less sizzle in the labor market
The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marcus Group.
Jul 05, 2024•2 min
Fed to wait and see on inflation
Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on.
Jul 03, 2024•1 min
Lower travel costs mean we’ll be doing more of it this Fourth of July
A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May.
Jul 03, 2024•1 min
Fed guarded on rate cut
Markets hit new highs; Fed Chair says more cooling needed before rate cut; Google’s emissions grew 50% since 2019; FTC blocks mattress deal.
Jul 02, 2024•1 min
U.S. employers increased job openings
Job openings rose to 8.1 million; American Airlines pledges to buy hydrogen-electric engines; Redbox parent company files for bankruptcy protection; Google to require ID of political ads that use AI content.
Jul 02, 2024•1 min
SCOTUS skeptical on social media constraints
Markets up; SCOTUS asks lower courts to review Florida and Texas social media laws; Manufacturing contracts again; Roaring Kitty sued.
Jul 01, 2024•1 min
Property insurance companies are facing lower costs
Global reinsurance rates are declining, which could save home insurers money; Boeing to recombine with Spirit Aerosystems; California law to take effect in effort to track gun purchases; major banks hike dividends after passing Fed stress tests.
Jul 01, 2024•2 min
Supreme Court curbs regulators
Markets slip; Supreme Court curtails federal agencies; Nike takes a hit; Tractor Supply ditches DEI.
Jun 28, 2024•1 min
Inflation cooled in May
The Fed’s preferred inflation gauge shows 2.6% annual gain, getting closer to the target 2%; inflation, economy were big topics in last night’s debate, with both Trump and Biden claiming successes; debate response muted in overseas markets; federal judge levies nearly $5 billion in antitrust damages against NFL.
Jun 28, 2024•2 min
Supreme Court rules on opioid settlement, SEC powers
Markets inch up; Supreme Court throws wrench in Purdue Pharma bankruptcy; SEC powers limited; another AI lawsuit.
Jun 27, 2024•1 min
A number of economic indicators are pointing to a lull
Business investment in new capital goods fell in May; continuing jobless claims rose to the highest level in almost three years; Q1 GDP growth revised higher, but still slow; Boeing sanctioned over release of Max investigation details.
Jun 27, 2024•2 min
Amazon is now in the $2 trillion club
Markets finish up; Amazon joins an exclusive club; Supreme Court rules for Biden; home sales slump.
Jun 26, 2024•1 min
An ongoing cyber attack likely dented auto sales, industry report says
June auto sales are forecast to be down as much 7%; higher interest rates and crushing debt causes chaos in Kenya; union representing film, TV crews reached labor deal with Hollywood studios; Verizon bundles streaming services to hang onto cable internet customers.
Jun 26, 2024•1 min
Consumer confidence takes slight dip
Another muddled day for Wall Street; consumer confidence weakens; Tesla and Ford issue recalls; Google’s self-driving cars expand in San Francisco.
Jun 25, 2024•1 min
Airline passenger volumes are hitting new records
Busy July Fourth air travel to kick off strong summer; global workforce still quitting for greener pastures; home prices continue to climb; Spain removes tax on olive oil, in inflation fight.
Jun 25, 2024•2 min
Record labels sue AI music companies
Mixed bag for Wall Street; RIAA alleges copyright infringement by AI; fast-fashion giant Shein may relocate IPO out of U.S.; Ozempic plant to open in North Carolina.
Jun 24, 2024•1 min
The Federal Reserve is testing banks’ ability to withstand economic shocks
The Fed is scheduled to release the results of its annual bank stress tests on Wednesday; the European Union is charging Apple with antitrust violations; the Treasury Department is creating a new affordable housing fund; more U.S. car dealerships say they’re being impacted by a cyberattack.
Jun 24, 2024•2 min
Existing home prices hit a record
Stocks close mostly down; The median price of existing homes keeps climbing; Four major banks need to revise their “living wills; Jet fuel production rises amid the summer travel season.
Jun 21, 2024•1 min
U.S. economy appears to be on solid ground
S&P Global’s flash PMI reading hits 26-month high; TikTok strikes back at U.S. divestiture law; China asks Visa, Mastercard to lower fees; campaign donations poured into presidential race in May.
Jun 21, 2024•1 min
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