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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.

Episodes

Are Wallets Obsolete?

The New York Times declared that physical wallets are on the outs. But is digital enough? Felix Salmon Emily Peck and Elizabeth Spiers discuss! Also: Steve Mnuchin’s heroic $1 billion bailout of New York Community Bank, and new rules requiring public companies to report their carbon emissions. In the Plus segment, a leaked Department of Labor email to a mysterious group of “super users” may reveal why January’s inflation numbers spiked. If you enjoy this show, please consider signing up for Slat...

Mar 09, 202444 min

Money Talks: Citibank’s Kid Millionaire

In this Money Talks. Felix Salmon chats with former trader Gary Stevenson, author of The Trading Game: A Confession. In the book and conversation, Gary tells how a card game made him Citibank’s youngest trader…and how betting on economic downfall made him its most profitable. Why did he walk away at the top of his game? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show e...

Mar 05, 202440 min

Musk vs. the AI Overlords

This week, Felix Salmon, Emily Peck and Elizabeth Spiers ponder the future of computers, cars, and…fast food? They discuss why Elon Musk is suing Sam Altman and OpenAI and the altruistic origins of ChatGPT. Also: Wendy’s “surge pricing” gaff had customers crying foul and Apple’s electric car has been scrapped. In the Plus segment: The downfall of Macy’s and the American department store. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experien...

Mar 02, 202447 min

Is Capital One’s Discover Deal Doomed?

This week, Felix Salmon, Emily Peck and Elizabeth Spiers come with 0% interest and no fees! They discuss what the proposed merger between Capital One and Discover would mean for the rest of us and why the government probably won’t let it happen. Also: How long will Nvidia’s chip empire last, and why there are suddenly so many car washes everywhere. In the Plus segment: The gang reveals their all-time favorite kitchen gadgets. If you enjoy this show, please consider signing up for Slate Plus. Sla...

Feb 24, 202442 min

Money Talks: I Was a Billionaire’s Right Hand

Felix Salmon sits down with Carrie Sun, whose book Private Equity: A Memoir recalls her life as the right-hand woman of a billionaire hedge fund manager. Burnt out on corporate life, Carrie wanted a low-key day job while she pursued her writing career. Instead, she found herself in a world of high-octane Wall Street hustle where profit is paramount. She and Felix discuss Wall Street culture, If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free expe...

Feb 20, 202428 min

America is Beating Everyone

This week, Felix Salmon, Emily Peck and Elizabeth Spiers explain why factories, energy, stimulus money, and immigration have helped the U.S. economy succeed where its rivals struggle. Also: The failed Universal Music deal that silenced Taylor Swift music on TikTok, and why a typo by Lyft was the scourge of after-hours traders. In the Plus segment: Why is chocolate chip ice cream so hard to find? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free ...

Feb 17, 202450 min

Disney's Wish Upon a (Pop) Star

BREAKING NEWS: Felix Salmon paid money to watch the Taylor Swift concert movie, he reveals it in a tell-all chat with Emily Peck and Elizabeth Spiers. They discuss CEO Bob Iger’s efforts to keep Disney the fairest entertainment company in the land and why New York Community Bank’s financial straits could be a win for ordinary renters. Also, has the backlash against the SAT test been misguided? Dartmouth thinks so. In the Plus segment, the gang explains Superbowl commercial trends. If you enjoy t...

Feb 10, 202444 min

Money Talks: You Should Buy Art

In this Money Talks, Bianca Bosker, author of “Get the Picture,” chats with Felix Salmon about her adventures going undercover in the fine art world. Bianca worked as a museum security guard and gallery assistant, among other gigs, and got an inside peak at the smoke and mirrors of creating, collecting, and curating. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. ...

Feb 06, 202449 min

Why Musk Lost $56 Billion

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss why a Delaware judge blocked Tesla’s $55 billion compensation package for Elon Musk and what it means for his Mars dreams. Also: the meteoric rise and catastrophic fall of DNA testing service 23andMe, and Felix gives us a glimpse into the world of Sotheby’s and mega-high-end art auctions. In the Plus segment: News platform The Messenger had $50 million to spend. Why did it fold in less than a year? If you enjoy this show, please c...

Feb 03, 202445 min

Money Talks: Is Pop Finance Rubbish?

In an off-week bonus episode of Money Talks, Felix Salmon, Emily Peck, and Elizabeth Spiers chat with Yale finance professor James Choi, who has cross-referenced the advice of more than 50 pop finance books with actual economic theory. How much should you save in your 20s and 30s? Should you put your money in a savings account or the stock market? Is it bad to change your retirement plan? James Choi spills the finance tea! If you enjoy this show, please consider signing up for Slate Plus. Slate ...

Jan 30, 202440 min

The Rent is Still Too Damned High

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss record-breaking rents that see most renters forking over more than 30% of their dough. Also: Infant apparel brand Kyte Baby’s maternity leave scandal, and why Josh wine is such a hit. In a British Slate Plus segment: An American professor says to put salt in our tea; Felix cries foul and explains how to make a proper English cuppa. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free...

Jan 27, 202452 min

Money Talks: Live in an Empty Office

For this edition of Money Talks, Grace Rauh, director of the 5BORO Institute, makes the case for office-to-residential conversion. The pandemic pushed people out of offices, and they don’t want to come back. Meanwhile, demand for affordable, urban housing is on the rise. Can we solve both problems at once? Grace and Felix Salmon discuss. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of ...

Jan 23, 202442 min

Antitrust, Boomer Style

This week, Axios tech and policy reporter Ashley Gold joins Felix Salmon, Emily Peck, and Elizabeth Spiers to discuss the scuttled Spirit/Jet Blue merger and the ambitious anti-trust efforts of Trade Commission chair Lina Kahn. Also: how hybrid work won the office wars and why conflict in the Middle East isn’t really affecting oil prices. In the Slate Plus segment: Will a squabble with Epic Games crack Apple’s stranglehold on the app market? If you enjoy this show, please consider signing up for...

Jan 20, 202443 min

Apple Maps is Finally Good

Last week, Felix Salmon, Emily Peck, and Elizabeth Spears asked you to weigh in on your preferred map app: Reigning champ Google, or late bloomer Apple? This week, they reveal your answers and discuss the merits of each. Also: Boeing’s airplane malfunctions, and what Bitcoin’s ETF approval means for crypto. In the Plus segment: Untangling the plagiarism drama of billionaire Bill Ackman and his wife Neri Oxman. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members ...

Jan 13, 202449 min

Money Talks: Glossier’s Glamorous Girl Boss

In our inaugural edition of Money Talks, Felix Salmon sits down with veteran fashion writer Marisa Meltzer, author of Glossy: Ambition, Beauty, and the Inside Story of Emily Weiss's Glossier. Marisa discusses the real-life woman behind Glossier’s iconic CEO, the feminism of the beauty industry, and why French is the language of glamour. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of o...

Jan 09, 202439 min

Is Billionaire Charity a Sham?

This week, Felix Salmon, Emily Peck, and Elizabeth Spears debate the value of massive, tax-deductible donations that spend years in administrative limbo. Also: Biden is cranking up production in American factories, and private equity may be making healthcare sick. In the Plus segment: Should we be afraid of Trump in 2024? (Spoiler: Yes.) We’re also excited to announce Money Talks, a new interview series from Slate Money. Every second Tuesday, Felix or Emily will sit down for one-on-one chats wit...

Jan 06, 202448 min

America’s Boring Superweapon

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers chat with Henry Farrell, author of Underground Empire: How America Weaponized the World Economy. Henry explains how American hegemony shifted from guns and tanks to SWIFT codes and internet policies. Can China or Russia beat it at its own game? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You’ll also be s...

Dec 30, 202353 min

Our Surprisingly Great Year

This week, Felix Salmon, Emily Peck, and guest host Edmund Lee, media reporter for the New York Times, recap the 2023 economic year, which saw strong growth, reduced inflation, and soaring stocks. Also: What a potential Warner Bros.-Paramount merger means for the entertainment business, and why a growing number of pedestrians are being killed by cars at night. In the Plus segment: Can the news industry profit from ChatGPT? If you enjoy this show, please consider signing up for Slate Plus. Slate ...

Dec 23, 202349 min

Slate Money Goes to the Movies: This Is Spinal Tap

In ancient times, hundreds of years before the dawn of history, director Rob Reiner gave the world a band named Spinal Tap. No one knows who they were or what they were doing … except for legendary designer Paula Scher, the mind behind 40 years of music artwork and branding. She chats with Felix Salmon, Emily Peck, and Elizabeth Spiers about the true stories that inspired the classic mockumentary. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-fre...

Dec 18, 202340 min

Is Starbucks Still a Union Buster?

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers speculate on the Federal Reserve’s surprising new interest rates, whether Starbucks’ store closings are anti-union, and the financial machinations of Dodgers pitcher Shohei Ohtani. In the Plus segment, Felix and Emily hash it out over the usefulness of the UN’s climate change conference. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segm...

Dec 16, 202345 min

Slate Money Travel: Hotels That Don’t Rip You Off

This week, Pavia Rosati, founder of travel platform Fathom, chats with Felix Salmon and the hotel industry in the post-COVD era. They discuss why prices are so unpredictable, those exorbitant fees for coffee and yoga classes, and how the industry is recovering from a historic crash. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You’ll also be supporting the work ...

Dec 11, 202351 min

The War on Self-Checkouts

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss their Christmas shopping strategies and whether it’s time for self-checkouts to check out. Also: What big airline mergers mean for those of us in economy class, and whether the podcast bubble has finally burst. In the Plus segment: Do we really need to have meetings? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our sh...

Dec 09, 202351 min

Slate Money Goes to the Movies: Jerry Maguire

This week, sports journalist Mina Kimes joins the huddle with Felix Salmon, Emily Peck, and Elizabeth Spiers to discuss the 90s football rom-com Jerry Maguire. Mina explains how real-world sports agents do business, and the squad debates whether a young Tom Cruise can keep this somewhat poorly-aged classic on the varsity string. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show ...

Dec 04, 202348 min

This Year, Give Cash

Felix Salmon, Emily Peck and Elizabeth Spiers speak with Rory Stewart of GiveDirectly and the author of “How Not to Be a Politician.” They discuss the faults of many approaches to philanthropy, and why giving cash to those in need may be the most effective way to help. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You’ll also be supporting the work we do here on ...

Dec 02, 202348 min

Slate Money Travel: Maybe We Should Walk

In this episode of Slate Money Travel, Felix Salmon speaks with Craig Mod about why he loves to walk on vacation. Check out Craig Mod’s latest book, “Things Become Other Things”. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast productio...

Nov 27, 202331 min

The Big Crazy at OpenAI

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss Sam Altman’s triumphant return to OpenAI and ponder the future of the artificial intelligence industry. They also discuss the legal woes of crypto exchange Binance and its CEO Changpeng Zhao. Finally: the economic policies of Argentina’s president-elect Javier Milei. In the Plus segment: Former Treasury Secretary Larry Summers joins OpenAI’s board of directors Podcast production by Jared Downing. Learn more about your ad choices. ...

Nov 25, 202352 min

Slate Money Goes to the Movies: Dumb Money

In the first episode of Slate Money Goes to the Movies, Felix Salmon, Emily Peck and Elizabeth Spiers talk with Joe Nocera, author of “The Big Fail” about Dumb Money. Can you make a good movie about something that happened two years ago? What’s it like to watch the COVID pandemic on the big screen? Who made money in the GameStop craze? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of ou...

Nov 20, 202349 min

How Salt Built America

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers chat with Ed Conway, economics and data editor of Sky News, whose new book “Material World” tells how a handful of everyday resources built civilization — and remain incredibly important today. Also: the astounding secrets of car paint…and why new cars look like mud. Podcast production by Patrick Fort and Jared Downing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nov 18, 20231 hr 3 min

Slate Money Travel: Jet-setting Like A Journalist

In the first episode of Slate Money’s Travel series, Felix Salmon talks with The New York Times’ Lydia Polgreen about her time as a foreign correspondent and big-time business exec. What was it like to carry $10,000 in cash? And how buttery is the leather on a private jet? If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You’ll also be supporting the work we do here...

Nov 13, 202333 min

The Bully of Bridgewater

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by Rob Copeland of The New York Times to discuss his new book The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend, which examines the vast difference between Ray Dalio’s public persona and Bridgewater’s private reality. Then, Felix, Emily and Elizabeth cover the end of the SAG-AFTRA strike, and WeWork’s bankruptcy. In the Plus segment: More with Rob Copeland! Podcast production by Jessamine M...

Nov 11, 202347 min