PODCAST · business
Marketplace
by Marketplace
Every weekday, host Kai Ryssdal helps you make sense of the day's business and economic news — no econ degree or finance background required. "Marketplace" takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.
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Inflation sped up in May. What's to blame?
Inflation was up 4.1% in May, according to the BEA’s personal consumption expenditures index. We know hot energy prices, resulting from the war in Iran, were part of that spike. But cut out energy and food, and inflation still hit a three-year high, at 3.4%. So what else is driving the increase? Also in this episode: Q1 GDP is revised up, Wyoming navigates the consequences of property tax cuts, and Great Lakes cargo ships make up a vital branch of U.S. supply chains.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories from today’s episode:It's not just food and energy — "core" inflation is up as wellGDP grew 2.1% in the first quarter of 2026. What does that tell us?What do we need property taxes for? Wyoming is finding outNeed a burger? A car? Winter road salt? Thank cargo ships on the Great LakesGen Z trades in date-flation for "solo-maxxing"
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299
A "starter" home for $1 million?
A typical starter home in nearly 250 U.S. cities is now worth $1 million or more, according to Zillow. Is that even a starter home anymore? In this episode, how rapid housing inflation has changed the game for first-time homebuyers and why more Americans are opting for a starter home in the suburbs. Plus: Manufacturing data reflects strong sector growth, U.S. trading partners bear the economic brunt of Trump’s war with Iran, and the 1973 oil crisis provides lessons for dealing with chaotic fuel costs today.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories from today’s episode:A key index shows the U.S. economy is expanding. Elsewhere, not so muchStrong manufacturing numbers mask a sector hedging against war and tariff uncertaintyFor this London honey seller, Brexit has been "a chaotic 10 years"When the "starter home" price tag hits $1 millionWhat can the oil crisis of 1973 teach us about today?A fixer-upper became a forever home for this Massachusetts couple
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298
Warsh wants to keep markets guessing. Will it work?
Kevin Warsh held his first press conference as Fed chair on Wednesday, and — unlike his precedessor — did not say what the central bank plans to do next. Despite his tight lips, markets read between the lines and predict a rate hike is coming soon. In this episode, why Warsh is rewriting the Fed’s communication style, and how it could alter the economy. Plus: Jobless claims tick down a bit, GPS shapes global infrastructure, and RV owners struggle to sell their vintage digs.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read today’s stories:Unemployment is still low, but so is hiringFed Chair Kevin Warsh is trying to keep his options open. Investors are parsing his words anywayGPS is a pillar of the global economy, and it's also pretty vulnerableUsed RV sales are up, but many large, older rigs are sitting on lots for months
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297
When the going gets tough, just keep spending
Retail sales were up 0.9% in May, which is a generally positive economic sign. But it doesn’t square with our reality, in which price inflation outpaces wage growth. That is, until you look at that pesky personal savings rate. In this episode, YOLO consumers in a grim economy. Plus: Fed Chair Warsh holds rates steady, the rate of new households is falling, and what would happen if the U.S. lost its global reserve currency status.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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296
AI corporate bonds are booming
Nvidia just joined the likes of Amazon and Alphabet in selling off billions of dollars in bonds. What do these tech giants need help financing? Data centers, of course, to support the buildout of artificial intelligence infrastructure. For now, the cash is flowing, but when will these firms need to show some returns on those investments? Also in this episode: Commercial solar energy projects approach a deadline for federal tax credits, Fox enters the streaming wars by acquiring Roku, and Kai breaks down the history of post-FOMC press conferences.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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295
From "How We Survive": How to Dim the Sun
Today, we’re featuring an episode from the new season of “How We Survive.” Could dimming the sun be the key to cooling things down before the climate crisis worsens? Some scientists say yes, that we can cool the earth by launching tons of sulfur dioxide into the stratosphere. It’s a type of solar geoengineering that was once seen as preposterous, meant to exist only in the pages of a sci-fi novel. But now, it’s a reality. To find out for ourselves, we travel to Northern California where two entrepreneurs are launching sulfur-filled balloons from the top of stacked shipping containers. Later, we talk with scientists on both sides of this issue to find out if solar geoengineering could help prevent catastrophic tipping points or introduce a whole new slew of cascading consequences.
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294
Fed eyes sluggish wage growth
Averages wages grew 3.4% year over year, but at the same time, inflation as measured by the consumer price index, has been eating away at those gains. Workers don’t want to lose purchasing power — rising inflation will feel like a pay cut — but the Fed may see things a bit differently. Plus: Home cooks are a bright spot in Campbell’s soup sales, the owner of Vimeo, AOL, and WeTransfer files for an IPO, and a former diplomat rehabs old movie theaters.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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293
It's not just you — healthcare deductibles are ballooning
Growing health insurance premiums, particularly for plans on the Affordable Care Act marketplace, have been in the headlines as cuts to Medicaid roll out nationwide. But healthcare deductibles are also growing — and with them, the group of Americans who have insurance but can’t afford to use it. Also in this episode: The hospitality industry adds jobs in May, a jeweler in California mines his own gold, and we recap the week’s economic headlines.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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292
U.S. oil inventories fall to a 22-year low
Oil inventories have fallen drastically since President Trump launched the war against Iran. But it’s not because we’re suddenly using more fuel. Instead, the U.S. is exporting much more oil than usual — to places that can’t get enough with the Strait of Hormuz blocked. All this will have knock-on effects for oil prices in the U.S. for months to come. Plus: Investors want to yank more money from private credit firms, your social media algorithim is likely full of “stealth ads,” and we visit the elk antler market in Jackson Hole, Wyoming.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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291
Small businesses (finally) get to hiring
For a while now, we’ve talked to small business owners who say they want to hire more employees, but aren’t in a financial position to do it, can’t find qualified applicants, or are too concerned about the economy to make the jump. But two new reports show small business hiring picked up this spring. In this episode, whether that’s a blip or the start of a positive trend. Plus: An AI prescription renewal tool is launched in Utah, Macy’s tries to turn things around, and we visit a river in the Pacific Northwest with two aging bridges at risk of collapse.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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290
What happens when we lose healthcare coverage
Massive Medicaid cuts, including new work requirements, are rolling out across the country. Trouble filing paperwork will be one reason qualifying Americans lose their coverage. In this episode, what history tells us about cutting Medicaid funding. Plus: Personal incomes are falling, consumers are prioritizing value over luxury, and we explain incoming Fed Chair Kevin Warsh’s preferred inflation measure.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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289
What's sector growth without job growth?
Manufacturing production, new orders, imports, and exports were all up in May, according to the latest PMI report. The only piece of the manufacturing business that didn’t grow was the labor force — payrolls contracted for the 32nd month in a row. In this episode, how much can a sector grow without hiring more humans? Plus: Dollar stores dip into delivery, college campuses turn into robot training grounds, and new jobs data will tell us whether inflation growth keeps outpacing wage growth.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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288
The hourly vs. salary wage gap
Hourly wages went up 1.7% over the past year, according to Indeed Hiring Lab. Salaried wages went up 2.9%, reversing a 2022 trend in which hourly raises outpaced salary raises. Still, there’s one thing all workers have in common: Neither group kept pace with inflation. Also in this episode: Oil futures tell us where fuel prices are headed, convenience stores transcend utility, and a travel nurse tells us about life on the road.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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287
"Running out of that buffer"
The personal savings rate fell to just 2.6% in April — a low not seen since June 2022, according to the Bureau of Economic Analysis. That means Americans have, on average, less cash leftover at the end of the month. Gas and grocery price inflation are partially to blame. Also in this episode: Office real estate looks a little K-shaped, one city tries to relieve budget problems with trademarked merch, and Kai breaks down the April PCE report and Q1 GDP revision.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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286
Inflation manifestation
Forget hard inflation data. Where do everyday Americans think our economy is headed? Well, one survey says consumers expect prices to rise 4.8% over the next year. And in a way, that might have jinxed us — expectations alone can raise actual prices. It’s the power of manifestation, baby! After that: Farmers face compounding hardships, a GDP revision will show the Iran war's economic impact, and environmental concerns spur a wool demand surge.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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285
Why gas costs more in California than Texas
As President Trump’s war in the Middle East continues, Americans continue to face higher fuel prices. But some have it worse than others. In this episode, we compare the situation at the pump in Texas, heart of the U.S. oil industry, and California, where air quality regulations make gas pricier. Plus: Wholesale clubs attract higher-income shoppers, fast fashion giant Shien acquires eco-conscious Everlane, and a new Chicago Fed report reveals strong manufacturers and shaky consumers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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284
The cost of SNAP restrictions
Convenience stores face new barriers to accepting SNAP dollars this year. A USDA rule aimed at providing healthier options mean some stores must choose between expanding their perishable offerings — which can be expensive — and accepting SNAP dollars at all. In this episode, we examine SNAP regulations from the perspective of businesses. Plus: Upcoming tech IPOs could shake up your retirement fund, first-time homebuyers keep getting older and Quince might set a new standard for retail business models.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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283
Services stall as manufacturing booms
S&P Global’s flash Purchasing Managers’ Index for May reflects “a tale of two economies.” Input costs increased across industries this month, and while manufacturers could keep up, the services sector faced softening demand. Also in this episode: Birdwatching brings tourist dollars to Northwest Ohio, an independent performance venue in Iowa gets creative to keep the lights on, and we discuss the week’s economic headlines. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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282
Why do some companies wait to IPO?
Elon Musk’s SpaceX just filed to go public, and OpenAI is expected to file in the fall. Both businesses have been around for over a decade — what was the hold up? In this episode, we explain the tradeoffs that come with an IPO. Plus: U.S. manufacturers struggle with climbing tungsten prices, Stellantis doubles down on affordable car models, and the authors of “How to Win a Trade War” make an optimistic case for our future global economy.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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281
Rising ACA premiums, falling enrollment: It's a vicious cycle
Affordable Care Act premiums are higher this year, after Congress declined to renew subsidies for the health insurance program. As a result, about a million fewer Americans enrolled for 2026 and even more are slated to drop by the year’s end. In this episode, why falling enrollment will raise premiums further. Plus: Bond yields hit record highs around the globe, businesses start to see tariff refunds ahead of schedule, and utility rates are about to get worse.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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280
What happens if the Fed goes mum
The era of frequent public speeches given by Federal Reserve officials on monetary policy may be over. Incoming Fed Chair Kevin Warsh has expressed a desire to reform the central bank’s robust communication style, which has been the norm since the 1990s. In this episode, what do we stand to lose if the Fed zips its lips? Plus: Retailers weigh passing higher costs onto cash-strapped consumers, stateside EV sales don’t keep up with European surge, and cities make an economic case for planting more trees.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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279
AI chips away at cybersecurity job opportunities
Cybersecurity was once the focus of a huge workforce development push. Job opportunities and training programs were abundant. But as artificial intelligence makes it easier for hackers to pull off sophisticated cyber crimes, it’s also replaced entry-level cybersecurity roles. In this episode, one corner of the AI-affected job market. Plus: What retail earnings could reveal about consumer spending, how homebuilders are feeling, and how the U.S. dollar became dominant.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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278
Giving up beer to pay for gas?
New consumer data shows alcohol sales were down over 5% in April. And, as you’ve probably noticed, gas prices were up. Is there any correlation? In this episode, why high fuel prices may exacerbate existing consumer trends — like cutting back on beer. Plus: Cerebras’ successful IPO signals hunger for AI stocks, Hollywood is buying more short stories, and we discuss the week’s economic headlines.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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277
Another inflation alarm bell
The cost of goods for the producers of this economy was up a whopping 6% in April, according to the latest PPI. That means consumers can expect more inflation down the road. Plus: Treasury yields are creeping up, the global oil stockpile is shrinking by about 4 million barrels a day, and diesel pickup truck drivers are shelling out at the pump. In this episode, it all goes back to President Trump’s war in the Middle East. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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276
When is inflation no longer "transitory?"
Inflation was up 3.8% in April, according to the latest CPI. Economists say the war with Iran has caused “transitory” inflation — that’s short-lived inflation from a specific inflationary event. It’s also how experts characterized Trump’s tariffs and the COVID-19 pandemic. But if inflation stays put for, say, five years, is it really still transitory? Also in this episode: Small business owners fret over rising costs, MIT students graduate with majors in AI, and Quebec brings hydropower to the Northeast U.S.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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275
Who's getting those tariff refunds?
U.S. Customs and Border Protection has begun processing applications for tariff refunds after the Supreme Court ruled against swaths of President Trump’s import taxes. But limitations on who can file have left some business owners out of luck, and those who are eligible must weigh how much of the refund they should pass down the line. Also on the program: the jobs report, tech layoffs, and what the Spirit Airlines shutdown could mean for a Florida airport. Plus: a look into Sparrow’s Nest Studio, Manhattan’s “home for mahjong.”Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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274
The erosion of the American tax base
After the One Big Beautiful Bill Act reduced taxes for 85% of households, disproportionately benefiting high-income earners, all eyes are on the GOP’s approach to taxation. But they’re not the only ones, as Democrats, too, seek to cash in on the tax cut strategy. “Marketplace” Host Kai Ryssdal spoke with Annie Lowrey, a staff writer at The Atlantic, about what that dwindling tax base could mean for public works and our national debt. But first: Whirlpool reports “recession-level low” demand, the first quarter’s lower-than-expected productivity, and a look into how some business owners are approaching tariff refunds.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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273
Immigration and job growth are linked, Fed says
Areas that recently experienced the largest slowdowns in unauthorized immigration also saw the largest slowdowns in employment growth, according to data analysis by the San Francisco Fed. This disproves the accusation that immigrants take jobs from American citizens. In this episode, how tighter immigration restrictions could affect the U.S. labor market long-term. Plus: It’s too early to tell how AI affects workplace productivity, California gas prices reflect more than high taxes, and the upcoming PCE index will tell Fed economists where we're at with inflation.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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272
Why would the Fed loosen mortgage regulations?
After the 2008 housing market crash, new rules required banks hold capital reserves proportional to the home loans they issued. In response, banks issued fewer mortgages and non-banks filled in the gap. Easing those rules — which the Fed is considering — could make it a bit easier for Americans to get a mortgage. Also in this episode: Vaccine research and development suffers under federal funding cuts, home builders give industry sentiment updates, and physical media sees a comeback.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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271
What if Trump does roll back steel and aluminum tariffs?
The White House may roll back steel and aluminum tariffs, according to the Financial Times. Sure, President Donald Trump has announced or enacted tariffs just to reverse course many times. But the difference is steel and aluminum are crucial materials in the production of, well, just about everything. In this episode: How might such a rollback affect your wallet? Plus, market conditions make for a stronger manufacturing sector in 2026, restaurants expand menu offerings that cater to GLP-1 users, and we explain how the Fed actually changes interest rates. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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270
Inside the "biggest deregulatory action in U.S. history"
On Thursday, Feb. 12, the Environmental Protection Agency announced the revocation of the “endangerment finding,” a federal determination that planet-warming emissions harm human health. The Trump administration said the decision will save Americans $1.3 trillion in energy and transportation, but experts are pushing back on that claim. Plus: The rise of concierge medicine and a look into how AI modeling could play a role in your weather forecast.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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269
More K-shaped spending
When high earners ramp up their spending while low earners pull back, that’s a symptom of a "k-shaped" economy. But what about middle-income households? New evidence shows the middle class is also struggling in comparison to the wealthiest Americans. It’s sort of like a K shape within a K shape. After that: Newer firms are more likely to offer work-from-home options, Washington National Opera has financial reasons for splitting from the Kennedy Center, and we check in with a few small businesses ahead of an upcoming inflation report.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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268
Here's what we learned from the January jobs report
The January jobs report came out Wednesday, and on the surface, it was better than expected. The economy added more jobs than it has in months and the unemployment rate remained stable. But topline numbers don’t tell the whole story. After that: Trump’s immigration policies weigh on the labor market, Iran tensions cause choppy oil prices, and a new law brings whole milk back to school lunch programs.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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267
Holiday spending slowdown
New data show retail sales were flat in December, despite high expectations for the holiday season. So did shoppers spend less? Or did they just frontload that gift spending in November? Also in this episode: AI tools propel widespread online shopping scams, a Colorado utility company shuts off power to prevent wildfires, and what’s next for crypto after last week’s freefall.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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266
Less-than-great expectations for upcoming jobs data
The January jobs report and consumer price index come out this week, and experts expect both employment and inflation to hold relatively steady. But that jobs report will also include revisions to 2025 data. Will that show a net loss of jobs over the last year? Also in this episode: Foreign investment in U.S. Treasurys stays strong, Hollywood prepares to renegotiate key labor agreement with SAG-AFTRA, and Michigan wants to sue Big Oil for antitrust violations.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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265
Consumer mood sours
On the whole, consumers are feeling 20% worse about the economy than they were a year ago, according to the University of Michigan Surveys of Consumers. High prices were cited as one concern, but that’s been a pain point for years. So what’s new? Also in this episode: Uncertainty in the tech sector drums up investor interest in consumer staples, the federal government yanked over 3,000 data sets from public sites under President Trump, and a dancer-educator discusses the business of ballet.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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264
There are more unemployed people than job openings right now
The latest JOLTS report is bleaker than expected. There were 6.5 million job openings across the U.S. economy in December, down nearly 400,000 from the previous month. This misaligned labor market is especially prominent in the services sector. In this episode, what's next for employment and which groups in particular are struggling to find work. Plus: The U.S. lags behind China in electrical capacity expansion, bankers show reluctance to lend to AI-impacted industries, and a photographer installs free-to-use phones across his city.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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263
Cargo theft ramps up
“Retail theft” often conjures Hollywood-esque heist scenes or sleight of hand at self-checkout. But 2025 was likely the biggest year on record for another, less glamorous kind of shrinkage: cargo theft. In this episode, how goods stolen right out of a truck raise costs for producers, logistics firms, and yes, consumers. Plus: More data centers plan to build their own natural gas plants, private sector data shows labor market growth is slow but steadying, and Kai visits an award-winning chef in South Los Angeles.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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262
Heavy on celebrity, light on social commentary
It's a big week for major televised events: The Winter Olympics kick off Wednesday and Super Bowl Sunday is nigh. Brands used to save their biggest, splashiest ad for such a slot. But this year, firms are pulling out all the stops to avoid controversy, or so much as hinting at a current event. Plus: Disney shows CEO selection is tricky business, PepsiCo announces price cuts on key salty snacks, and retail construction booms in Texas.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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261
Why higher productivity doesn't equal wage growth
Productivity — the rate at which companies make what they make, or do what they do — has been a reliably bright spot in this economy. But wage growth hasn’t kept up. In this episode, what’s hampering compensation growth while overall productivity rises at a clip? Plus: Is AI actually to blame for recent layoffs? Is rising global debt bad news? And, the partial government shutdown will delay crucial employment data.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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260
How small businesses navigated the ICE strike
Activists called for a nationwide shutdown of economic activity Friday, Jan. 30, following another killing by immigration officials. But in this unforgiving economy, small business owners who support the cause faced a difficult decision. Today, a few told us how they navigated the moment. Plus: Sluggish big oil earnings show why Venezuela investment isn't popular, Trump announces his pick for Fed Chair, and parents pay a price for snow days.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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259
Energy bill burdens grow
Electricity prices have increased by approximately 40% since 2021, far outpacing inflation. Despite AI data centers making headlines as energy-suckers, that price growth comes from a multitude of factors — including upticks in demand and aging infrastructure. In this episode, you aren’t alone in energy bill price hikes. Plus: Caterpillar benefits from all that AI infrastructure investment, private equity eyes a new form of health care, and salary “lowballing” in a tough job market may be tempting.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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258
Does the EU even want a strong euro?
We keep hearing how the U.S. dollar has been “weakening.” Put another way, the euro is getting stronger: It hit $1.20 earlier this week. But the language is a bit misleading — a stronger euro isn’t necesarily good news for people living in the European Union. In this episode, how currency fluctuation can mess with delicately balanced trade. Plus: Consumer confidence fell sharply among older Americans, the Federal Reserve held rates steady, and we checked in with a few businesses ahead of the Supreme Court decision on Trump’s tariffs. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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257
Let's tour the growing AI economy
Artificial intelligence companies raised enormous amounts of money in 2025, and made major investments in development and infrastructure. What’s next? To understand more about the role AI could play in our futures, “Marketplace” host Kai Ryssdal and “Marketplace Tech” host Meghan McCarty Carino visited an AI company and an AI data center in Silicon Valley. In this episode, the next phase of AI innovation won’t come without obstacles.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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256
As AI expands, Americans have doubts
Artificial intelligence is one of a handful of industries propelling this economy forward. But as the sector explodes, not everyone is on board. Americans are much more concerned about the downsides of AI than excited about its potential utility, according to a new Pew Research survey. In this episode, everyday Americans grapple with — and in some cases, fight back against — the proliferation of AI technology. Plus: Durable goods orders were up in November, gold prices continue to break records, and “Marketplace” host Kai Ryssdal tours a data center in Los Angeles.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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255
Your car company also wants to be your bank
The FDIC has approved proposals by GM and Ford to launch their own banking units. That means the automakers will be able to provide their own auto loans to customers. In this episode, a confluence of market conditions drove Ford and GM into banking. Plus: The Super Bowl of livestock shows highlights high cattle prices, changes to online search behavior affects digital ad revenue, and “Marketplace” host Amy Scott talks to Jordyn Holman at the New York Times and David Gura at Bloomberg about the week’s economic headlines.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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254
Here's what kept GDP climbing last summer
Revised GDP data for this past summer shows the U.S. economy grew faster than we initially thought. A few key parts of the private services sector propelled that growth. In this episode, which parts of the economy are actually doing pretty well. Then: Gap leans in to “fashiontainment,” packaging costs weigh on food prices, and elderly care facilities stand to lose critical employees when TPS ends for Haitian immigrants.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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253
The EU owns $8 trillion in Treasurys
The EU owns $8 trillion in Treasurys. Sure, Eurozone governments probably won’t use ‘em as leverage in the Trump-Greenland situation — and even if they wanted to, it’d be complicated — but what if they did? We’ll explain. Also in this episode: United posts strong quarterly profits after a turbulent year, a primary care doctor tells Kai how Medicaid changes are affecting his work, and cover crops are a tough sell for cash-strapped farmers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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252
The global trade status quo is shifting. Will the U.S. be left out?
After decades of globalization, the U.S. may be paying a political price: International leaders are forging new trade agreements independent of American influence. In this episode, as some countries no longer see the U.S. as a reliable trade partner, will the global economy leave America behind? Plus: Sellers outnumber buyers in parts of the housing market, Georgetown’s Dorothy Brown discusses her new book about reparations, and we preview Fed governor Lisa Cook’s upcoming Supreme Court hearing.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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251
U.S.-EU relationship status: It's complicated
President Trump has announced new tariffs on European Union countries, aimed at forcing a deal for the U.S. to acquire Greenland. But the EU could respond relatively quickly, with sanctions of their own. In this episode, the EU’s “bazooka” option. Plus: Trump’s recent housing proposals won’t fix the fundemental issue driving housing affordability, technology has changed how parents dole out kids’ allowance, and we explain the history of economic jargon.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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ABOUT THIS SHOW
Every weekday, host Kai Ryssdal helps you make sense of the day's business and economic news — no econ degree or finance background required. "Marketplace" takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.
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Marketplace
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