Marketplace Business News

Marketplace Business News Every story has an economic angle. We break it down to help you live smarter.

Private label goods just had a record sales year. Are consumers abandoning brand loyalty for savings, or have in-house b...
01/25/2025

Private label goods just had a record sales year. Are consumers abandoning brand loyalty for savings, or have in-house brands stepped up their game?

Today on Marketplace.

Private label goods just had a record sales year. Are consumers abandoning brand loyalty for savings, or have in-house brands stepped up their game?

Rents have steadily been rising in most parts of the country, with the typical cost  right now at  $1,965. But three cit...
01/24/2025

Rents have steadily been rising in most parts of the country, with the typical cost right now at $1,965. But three cities are bucking the trend.

Can you guess which ones?

The cost of rent fell in Denver, San Antonio and Austin during the last year, a new Zillow report shows.

01/24/2025

President Donald Trump announced the Stargate Project, which involves a $500 billion investment from SoftBank’s Masayoshi Son into U.S. AI data centers. Oracle and OpenAI are also in on the deal. But where exactly is the money going?

Anita Ramaswamy, columnist at The Information, joins Marketplace Tech for a new episode of Bytes. Watch the full episode on YouTube at mktplc.org/40ykMei.

President Trump has been busy signing executive orders since he returned back to office. Many of the orders will have to...
01/24/2025

President Trump has been busy signing executive orders since he returned back to office. Many of the orders will have to answer to the courts first before they can be enforced. But a change by the Supreme Court could make the process easier.

Many of Trump's executive orders are being challenged. A Supreme Court ruling overturning Chevron deference will matter in those cases.

Although new unemployment claims barely grew last week, continuing claims hit a multiyear high. Plus, luxury EVs and a c...
01/24/2025

Although new unemployment claims barely grew last week, continuing claims hit a multiyear high.

Plus, luxury EVs and a climate-friendly home.

Today on Marketplace.

Although new unemployment claims barely grew last week, continuing claims hit a multiyear high. Plus, luxury EVs and a climate-friendly home.

President Trump told reporters Monday night that he wanted to impose 25% tariffs on Canada and Mexico, possibly by Febru...
01/23/2025

President Trump told reporters Monday night that he wanted to impose 25% tariffs on Canada and Mexico, possibly by February 1. He claimed the two countries are allowing undocumented migrants into the U.S.

Canada and Mexico are the the United States’ two largest trading partners and tariffs spell trouble for one industry in particular that’s spread across all three countries: the auto industry.

The U.S. trades all kinds of things with Canada and Mexico — milk, timber, meat, minerals. But the biggest of them all is cars and their parts.

“A third of the engines that are put in our gas cars cross one of the borders,” said James Rubenstein, professor emeritus of geography at Miami University in Ohio.

The automotive supply chain is draped across the three countries like a cluster of spiderwebs. For electric cars too — take the Tesla Model 3. Technically, it’s 100% assembled in the U.S, but 20% of its parts come from Mexico, according to Jonathan Smoke, chief economist at Cox Automotive.

“No vehicle that’s assembled in the U.S. has more than 70% of its content coming from the U.S,” Smoke said.

Introducing tariffs of 25% into this decades-old trading system would get difficult and expensive very quickly, Smoke added. Take wiring that might go from Mexico to the U.S. to become a seat harness, then back to Mexico to become a seat, and then back to the U.S. to actually get put in a car.

“So does that mean 25% gets applied every time it crosses?” Smoke said.

It’s unclear. But according to Wolfe Research, 25% tariffs on Canada and Mexico would increase the cost of the average new car by about $3,000.

Full story at the link in bio. Reporting by Sabri Ben-Achour.

President Trump has said he wants to impose 25% tariffs on Canada and Mexico, the  two largest trading partners for the ...
01/23/2025

President Trump has said he wants to impose 25% tariffs on Canada and Mexico, the two largest trading partners for the U.S. The tariffs could make it more costly for auto-manufacturers here in the states. Hear the full story at https://mktplc.org/3PJFkf4.

01/23/2025

As part of a new series called The Age of Work, Marketplace, in partnership with ADP Research, is exploring the opportunities and challenges created by an aging U.S. workforce. We’re starting this Friday in Cumberland County, TN, where around one-third of the population is 65 or older. That's compared to less than 18% nationwide.

The issue will have major implications for everyone in this economy. Bug, however, is unbothered.

The home construction market has already been dealing with shortages of skilled labor and building materials, along with...
01/23/2025

The home construction market has already been dealing with shortages of skilled labor and building materials, along with expensive construction loans. Those factors will only add to the costs of rebuilding communities destroyed by fires.

Shortages in labor and materials will add to strain in rebuilding communities affected by wildfires in Los Angeles.

Buy in bulk and on credit – that's the recipe for the consumer spending-driven economy. Plus, wildfire relief donations ...
01/23/2025

Buy in bulk and on credit – that's the recipe for the consumer spending-driven economy.

Plus, wildfire relief donations and executive order mumbo jumbo.

Today on Marketplace.

That's the recipe for the consumer spending-driven economy. Plus, wildfire relief donations and executive order mumbo jumbo.

01/23/2025

Billionaires have been swooping in and buying social media platforms. It’s a “deeply concerning” trend, "Make Me Smart" co-host Kimberly Adams says.

She and Kai explain why in this clip from last week’s “Make Me Smart” livestream.

Watch the full episode at mktplc.org/4hpzXNT. Join us and chat with the hosts live every Friday at 3:30 p.m. PT / 6:30 p.m. ET.

Among the many executive orders Donald Trump signed on his first day in office is one pulling the U.S. out of the the Wo...
01/22/2025

Among the many executive orders Donald Trump signed on his first day in office is one pulling the U.S. out of the the World Health Organization.

The U.S. provides (or provided) around 18% of the WHO's funding — more than any other nation.

Trump is pulling the U.S. out of the WHO. The U.S. provides around 18% of the WHO's funding, but the pullout would affect data-sharing.

Carbon capture is a major piece of the climate change mitigation puzzle. And steel slag happens to be especially good at...
01/22/2025

Carbon capture is a major piece of the climate change mitigation puzzle. And steel slag happens to be especially good at it.

Steel slag captures carbon from the atmosphere. Companies with climate goals -- and an Ohio motocross raceway -- are making use of it.

President Trump has never been shy about his plans to restore fossil fuel production in the U.S. and "drill, baby, drill...
01/22/2025

President Trump has never been shy about his plans to restore fossil fuel production in the U.S. and "drill, baby, drill," as he calls it. Now he plans to declare a national energy emergency — something no other president has done, in order to make it happen.

An energy emergency declaration might be unprecedented, but it's designed to streamline permitting, weaken regulation and cut gas prices.

We break down some of President Donald Trump's policy announcements that don't track with industry realities. Plus, wage...
01/22/2025

We break down some of President Donald Trump's policy announcements that don't track with industry realities.

Plus, wage growth continues to outpace inflation.

Today on Marketplace.

We break down some of President Donald Trump's policy announcements that don't track with industry realities. Plus, wage growth continues to outpace inflation.

Supporters of effective accelerationism, a play on the effective altruism community argue that unrestricted technologica...
01/21/2025

Supporters of effective accelerationism, a play on the effective altruism community argue that unrestricted technological progress is a force for positive change. Now the movement is gaining steam under Trump's new administration.

The "effective accelerationism" ideology emerged as a response to pessimism and a source of pride in what the industry creates, says writer Nadia Asparouhova.

Thanks to a pardon for his role in the January 6th insurrection from President Trump, Stewart Rhodes has been released f...
01/21/2025

Thanks to a pardon for his role in the January 6th insurrection from President Trump, Stewart Rhodes has been released from prison.

A few years ago "This is Uncomfortable" spoke with Tasha Adams, Rhodes' ex-wife, about getting caught in the web of a master manipulator.

Listen now 👇

Tasha Adams thought her marriage would give her the adventurous life she always dreamed of. Instead, she was caught in the web of a master manipulator.

To date, the Palisades and Eaton fires have destroyed more than 15,000 structures, a big chunk of them homes. That’s hav...
01/21/2025

To date, the Palisades and Eaton fires have destroyed more than 15,000 structures, a big chunk of them homes. That’s having a ripple effect on the region’s housing market as more buyers look for low fire risk areas.

With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.

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We’re here to help you connect the dots at a time when economic literacy is critical. From oil prices to trade wars to how a food stamp travels through the U.S. economy, we’re here to translate complicated topics in a valuable and engaging way.