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Slate Money

Slate Podcastsslate.com
A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon.Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of our show page. Or, visit https://slate.com/moneyplus to get access wherever you listen.

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Episodes

We Need to Talk About Kevin (Warsh)

This week: Kevin Warsh took over as Federal Reserve Chair, while Jerome Powell will remain on the board. Felix Salmon , Elizabeth Spiers , and Emily Peck , discuss how the Donald Trump appointee will deal with pressure from the president to lower rates despite rising inflation. Then, they cover Trump’s visit to China and what it could mean for the US-China power balance, particularly within the AI arms race. And finally, they get into how the AI boom is making semiconductor chips the “ It Girl o...

May 16, 202644 min

Money Talks: Risk-Maxxing

In this Money Talks: Felix Salmon is joined by futurist Scott Smith who breaks down his theory of “risk-maxxing” and why it’s on the rise in economics, politics, and other spheres at this particular moment in history. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify . Or, visit slate.com/moneyplus to get access wherever you listen....

May 12, 202638 min

The Fun Little Drink Economy

This week: CEOs and investors at the Milken Institute Global Conference projected optimism about the economy despite the overall feeling of uncertainty brought on by Donald Trump. Felix Salmon , Elizabeth Spiers , and Emily Peck , discuss Emily’s reporting from the conference, and the way capitalists have adapted to thrive amid the unpredictability of this administration. Then, they discuss GameStop CEO Ryan Cohen’s surprising bid to buy Ebay and how they think it will play out. And finally, gra...

May 09, 202647 min

Google Gets Its Bag

This week: Google’s parent company Alphabet announced an incredible $110 billion in first-quarter revenue thanks, in part, to the computing needs of the AI boom. Felix Salmon , Elizabeth Spiers , and Emily Peck , discuss the shocking earnings report and the reasons to doubt it as a sign of future growth, including the internet’s ever-evolving information economy. Then, they get into Bill Ackman once again trying and failing to make a closed-end fund happen, and why he’ll never be Warren Buffet. ...

May 02, 202645 min

Money Talks: The AI Job Apocalypse is Avoidable

In this Money Talks: MIT professor Daron Acemoglu joins Emily Peck to explain his research into pro-worker technologies and how we can not only avoid the AI job apocalypse but also improve workers' lives by shifting the goal of AI from automation to collaboration. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify . Or, visit slate.c...

Apr 28, 202629 min

The Legacy of “Tim Apple”

This week: Tim Cook announced he was stepping down as Apple’s CEO after 15 years. Felix Salmon , Elizabeth Spiers , and Emily Peck , unpack his unique legacy as the leader of the very beloved, very visible brand. Then, Axios’ Senior Health Care Editor Adriel Bettelheim joins to explain what peptides are and how RFK Jr. is trying to throw the doors open for the undertested wellness trend. And finally, they get into The Onion’s mission to take over the right-wing conspiracy platform InfoWars in th...

Apr 25, 202645 min

Allbirds Aren’t Real

This week: Sneaker company Allbirds announced a pivot into A.I. infrastructure. Felix Salmon , Elizabeth Spiers , and Emily Peck explain why this absurd-sounding venture is actually a pretty clever piece of financial engineering. Then, the hosts get into the market surge that put the S&P 500 at a record high. And finally, the courts confirmed what we all knew: Live Nation and its subsidiary Ticketmaster are screwing everyone over. The hosts discuss what led to the federal jury ruling that th...

Apr 18, 202647 min

Money Talks: Psychopathy and Success

In this Money Talks: Elizabeth Spiers is joined by psychologist Dr. Leanne ten Brinke whose new book, Poisonous People , explores the impact that people with psychopathic and related personality traits have on our everyday lives. Leanne explains her research on “dark personality traits” and success in the business world, how to spot a true psychopath, and what to do if you find yourself working with one. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening acros...

Apr 14, 202634 min

Memestocks are Spreading

This week: Retail investors usually stick to the stock market, but many are rushing to make bets on oil futures. Felix Salmon , Elizabeth Spiers , and Emily Peck discuss Emily’s piece about “dumb money” moving into more sophisticated trading markets —thanks to new crypto-driven platforms—and what’s motivating the trend. Then, the hosts examine Bill Ackman’s grand plan to take over Universal Music Group, and explain the difference in how his SPARC differs from a SPAC. Finally, the hosts delve int...

Apr 11, 202651 min

Spice World

This week: OpenAI completed a $122 billion investment round. Felix Salmon , Elizabeth Spiers , and Emily Peck discuss what this deal says about the private and public markets and try to wrap their heads around the astronomical valuations of OpenAI and SpaceX. Then, Maryland-based spice company, McCormick, announced it will merge with Unilever’s food division to create a new spice and sauce mega-company. The hosts discuss the unusual case of a smaller company absorbing a larger one, and why Unile...

Apr 04, 202642 min

The Illusion of ‘America’s Next Top Model’

In this Money Talks: Journalist Bridget Armstrong joins Emily Peck to discuss this moment of reckoning for the iconic reality show America’s Next Top Model and what she learned in reporting for her podcast Curse of: America’s Next Top Model . They explore how Top Model ’s central promise — a fast track to a career in the fashion industry — was ultimately an illusion used to make great television at the expense of the contestants. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll acce...

Mar 31, 202644 min

Trade or Treason?

This week: Just minutes before Trump posted about talks with Iran, oil markets saw a flurry of activity. Conspiracy theories followed. Felix Salmon , Elizabeth Spiers , and Emily Peck dissect the suspicious timing of those trades and the possibility of insider trading within the Trump administration. Then, the hosts react to the surprising ruling on Meta and social media addiction. And: OpenAI’s sudden decision to shut down its consumer-facing video generation platform, Sora. In the Slate Plus e...

Mar 28, 202647 min

Money On Film: Spirited Away

Welcome to a very special Money On Film miniseries! Over three episodes, Slate Money’s Felix Salmon and Slate culture writer Nadira Goffe revisit three films at the intersection of culture and finance. On this episode, Nadira and Felix take a trip to a bathhouse for spirits in 2001’s Spirited Away . Directed by Hayao Miyazaki, the film follows a girl named Chihiro, who becomes trapped in the spirit world and must save her parents, encountering soot sprites, river spirits, a giant baby, and many ...

Mar 27, 202629 min

Money On Film: Materialists

Welcome to a very special Money On Film miniseries! Over three episodes, Slate Money’s Felix Salmon and Slate culture writer Nadira Goffe revisit three films at the intersection of culture and finance. On this episode, Felix and Nadira discuss dating and money in Celine Song’s 2025 romantic comedy Materialists , which centers on a love triangle between a millionaire matchmaker (Dakota Johnson), a hunky financier (Pedro Pascal), and an old flame and out-of-work actor (Chris Evans). While not part...

Mar 24, 202627 min

Are the Billionaires Smothering HBO?

This week: The war in Iran has caused a dramatic spike in global oil prices. Felix Salmon , Elizabeth Spiers , and Emily Peck discuss the international repercussions of the oil shortage and how central banks are responding. And: With the dust settling on the Paramount-Warner Brothers deal (including a $700 million payout to David Zaslav for some reason), the biggest loser in the megamerger might be HBO. The hosts discuss how billionaire dealmaking and rebrand fatigue is hurting the network's rep...

Mar 21, 202648 min

Money On Film: Margin Call

Welcome to a very special Money On Film miniseries! Over three episodes, Slate Money’s Felix Salmon and Slate culture writer Nadira Goffe revisit three films at the intersection of culture and finance. On this episode, we’re headed to Wall Street to watch a Felix Salmon favorite: Margin Call , the 2011 thriller-drama starring a long list of famous people, including Jeremy Irons, Paul Bettany, Stanley Tucci, Demi Moore, and yes, Kevin Spacey. Directed by J. C. Chandor, the film takes place at an ...

Mar 20, 202628 min

Money Talks: Boilerplate Land Mines

In this Money Talks: UVA law professor Mitu Gulati joins Felix Salmon and Emily Peck to explain how an over-reliance on boilerplate language in contracts—that apparently never gets updated or even read—is leaving all of us vulnerable to legal traps. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify . Or, visit slate.com/moneyplus to...

Mar 17, 202641 min

A.I. Is a Hyperobject

This week: We summoned technologist and journalist Paul Ford to answer all our questions about A.I. As he explains to Felix Salmon , Elizabeth Spiers , and Emily Peck , A.I. is a hyperobject that touches everything in unknowable ways. They get into “ vibe coding ,” how it could change the game for small businesses and large corporations alike, and other concerns—like A.I.-powered wars. Hosted on Acast. See acast.com/privacy for more information....

Mar 14, 202648 min

The Burger CEOs Are Beefing

This week: The U.S. started a war in Iran. Felix Salmon , Elizabeth Spiers , and Emily Peck break down why the war is bumping the US dollar and threatening the UAE’s image as a safe haven, with a notable lack of “oil-shock.” Then, the hosts get into why Pete Hegseth’s Department of War is clashing with Anthropic, as modern warfare becomes increasingly reliant on AI. And finally, McDonald’s CEO Chris Kempczinski went viral for taking a very small bite of a very big burger. So, Emily dares to eat ...

Mar 07, 202641 min

Money Talks: ‘Industry’ Insanity

In this Money Talks: Emily Peck is joined by Slate ’s Editor in Chief Hillary Frey and former Slate Money host Anna Szymanski of Reuters to break down this season of the HBO financial drama ‘Industry’. They'll get into the psychodrama of Kit Harrington’s Henry Muck, the thrilling parallels to real world stories, the tragic downfall of Eric Tao, and more. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscri...

Mar 03, 202641 min

Permanent Temporary Tariff Regime

This week: We saw the fallout from the Supreme Court’s ruling that Trump’s tariffs were indeed unconstitutional. Felix Salmon , Elizabeth Spiers , and Emily Peck , weigh in on the decision and the ensuing confusion around what tariff refunds would actually look like. Then, in a surprise twist, Netflix has backed off the Warner Brothers deal, allowing Paramount to swoop in. The hosts explain what set the multi-billion dollar merger off course. And finally, they’ll get into what Blue Owl Capital d...

Feb 28, 202646 min

Planet Money In Book Form!

This week: Beloved NPR podcast Planet Money is now a book too! Author and Planet Money contributor Alex Mayyasi joins Felix Salmon , Elizabeth Spiers , and Emily Peck to give us a peek into the upcoming Planet Money: A Guide to the Economic Forces That Shape Your Life . Pulling from their favorite chapters of the book, the hosts get into how Argentina’s attempt to foster manufacturing mirrors Trump’s recent efforts, why the Argentinian Blackberry just didn’t cut it, the hidden forces of market d...

Feb 21, 202644 min

Money Talks: The Business of Black Markets

In this Money Talks: Felix Salmon is joined by journalist Mariana van Zeller , who has spent years reporting on black and gray markets around the world and has a new podcast, The Hidden Third , that delves into these powerful underground economies. They’ll get into what Mariana has seen embedded with criminal operators, from the surprisingly mundane to the darker side of working outside the system. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all ...

Feb 17, 202629 min

100 More Years of Google

This week: Alphabet announced a rare 100-year bond issuance. Felix Salmon , Elizabeth Spiers , and Emily Peck , explain the calculation the tech giant is making here and how the market responded to the move. Then, an analysis from the NY Fed has concluded that most of the burden of Trump’s tariff hikes is on US households and the hosts debate the possible pros – and obvious cons – of this sneaky tax hike. And then, Felix goes deep on one of his favorite topics: why knockoffs aren’t so bad. In th...

Feb 14, 202642 min

Di-SaaS-ter Market

This week: Anthropic released an update that seems to have tipped the scales against Software as a Service companies, erasing billions in market value. Felix Salmon , Elizabeth Spiers , and Emily Peck , unpack why there was such a massive market response to such a small AI plugin, and what it says about the future of tech investment. Then, Disney has finally named a new CEO in Josh D’Amaro. The hosts get what it says about the future of the company that they chose the head Disney Experiences, in...

Feb 07, 202645 min

Money Talks: What Retirement Crisis?

In this Money Talks: Emily Peck is joined by Andrew Biggs, author of The Real Retirement Crisis , to talk about how the data contradicts the so-called "retirement crisis” in the US, what we misunderstand about the system, and what we should be thinking about when it comes to retirement savings. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts ...

Feb 03, 202647 min

Global Carry Trade Chaos

This week: Volatility in the Japanese bond market is threatening the global trade house of cards. Felix Salmon , Elizabeth Spiers , and Emily Peck , unpack the changes in Japan’s economy and why they have such a big worldwide impact. Then, they discuss the weakening US dollar and what Trump's fed chair nominee says about his administration. And finally, corporate messaging around social issues has all but gone away, but the recent horrors in Minnesota have somewhat turned that tide. The hosts ge...

Jan 31, 202645 min

Davos is So Back

This week: World Economic Forum’s Annual Meeting in Davos is all over the news. Felix Salmon , Elizabeth Spiers , and Emily Peck , explain the moments that made headlines and why Davos feels so much more relevant this year. Then, Trump promised to address the affordability crisis at Davos but failed to say much. The hosts discuss what he did say, and how the ongoing crisis is being addressed overall. And finally, a new lawsuit claims that the AI screening tools that have taken over the job hunti...

Jan 24, 202645 min

Money Talks: Modern Money Laundering

In this Money Talks: Joe Salama, Chief Compliance Officer at Coinbase and anti-money laundering expert, joins Felix Salmon to give us a rundown on the current state of money laundering around the world. They’ll get into the ongoing battle between criminals and AML to stay one step ahead of the other, why money laundry is thriving in China right now, and how the rise of cryptocurrency factors into the whole thing. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listen...

Jan 20, 202635 min

Gambling on the Globes & Geopolitics

This week: Polymarket teamed up with the Golden Globes, displaying a live ticker for betters on the broadcast. Felix Salmon , Elizabeth Spiers , and Emily Peck , discuss the rising popularity of prediction markets and the potential consequences of having real world events–from award shows to geopolitical actions–be the basis for gambling payouts. Then, the Trump administration began an investigation into Fed chair Jerome Powell and the renovation of the central bank. The hosts cover Trump’s frau...

Jan 17, 202646 min
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