Slate Money
by Slate Podcasts
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
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ANT, Man
This Week: A.I. giant Anthropic, makers of Claude, filed to go public. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss what the S-1 filing revealed about their finances and what this IPO means for Anthropic’s place in the A.I. race. Then, they look at why Weil, Gotshal & Mange, a top Wall...
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Money Talks: Is it Time To Panic About A.I. Yet?
Investment in artificial intelligence is driving our economy and the markets but it’s also doing something else … scaring the hell out of people. On this episode of Money Talks, host Emily Peck sits down with Axios reporters Sam Sabin and Maria Curie to talk about what threats are real and what...
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The A.I. Billionaire Class
This week: Meta struck a deal to keep Mark Zuckerberg in California despite the proposed “billionaire tax”. First up, hosts Felix Salmon, Emily Peck, and Elizabeth Spiers explain the how the new stock issuance works and why Meta’s board’s hands were tied. Then, after Elon Musk floated a...
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Banana Prices Stay Sane
This week: Inflation is going bananas (unless you’re talking about the actual fruit.) First up, hosts Felix Salmon, Emily Peck, and Elizabeth Spiers dig into what is causing inflation and why bananas should actually cost more than they do. Then, Meta wants everyone to play with its new A.I. model...
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The Specter of Puerto Rico’s Debt
When Puerto Rico’s debt crisis ballooned into the largest governmental default in U.S. history, Congress stepped in with an unprecedented solution. Felix Salmon is joined by David Skeel, who served as chair on the oversight board that helped the island regain economic stability and detailed the...
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DiscoDance
This week, we’re talking about a mega-merger, Spain, and artificial intelligence. First up, hosts Felix Salmon, Emily Peck, and Elizabeth Spiers go deep on the Paramount and Warner Bros. Discovery merger. They unpack David Ellison's calculus, the potential ripple effects, and more. Then they look...
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The Personal Finance-sode
Adam Auriemma, author of the Bloomberg Money newsletter, brings his personal finance expertise to the show. Felix Salmon, Elizabeth Spiers, and Emily Peck pick Adam’s brain about how we should think about budgeting, his thoughts on renting and buying in the current housing market, and his take on...
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Money Talks: Chasing Ambulances on Wall Street
In this Money Talks: Emily Peck interviews reporter Ellen Gabler about her New York Times investigation into how Wall Street investors are making money on personal-injury lawsuits that drag on for years—with unsettling consequences for plaintiffs. Join Slate Plus to unlock weekly bonus episodes....
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Fabulous, Beautiful Debt
This week: The bond market continues to churn with yields spiking globally. Felix Salmon, Elizabeth Spiers, and Emily Peck are joined by Financial Times journalist Robin Wigglesworth, whose new book, A Fabulous Debt: The Epic Story of How Bonds Built the Modern World, feels particularly relevant...
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Avoiding the A.I. Apocalypse
This week: Everyone is talking about A.I. safety as OpenAI shares more alarming security breaches. Felix Salmon, Elizabeth Spiers, and Emily Peck examine the complicated reality of trying to slow down the A.I. frontier. Then, the hosts discuss Fed chair Kevin Warsh’s unexpected vote to raise...
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Money Talks: The Zero-sum Mistake
In this Money Talks: Roy Swan joins Elizabeth Spiers to turn the assumption of a zero-sum economy on its head. Swan, the director of the Ford Foundation’s mission investments program, explains why the idea that someone has to lose in order for you to win is not just costing societally, but...
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The Private Equity Confidence Game
This week: The new book Money to Burn goes deep on private-equity behemoth Apollo Global Management and its billionaire cofounder and former CEO, Leon Black. Felix Salmon, Elizabeth Spiers, and Emily Peck are joined by author William D. Cohan to talk about his reporting on Black’s investment…
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The $12.93 Billion Emoji Joke
This week: Nvidia joined Silicon Valley’s A.I. investment frenzy and bought Hugging Face for $12.93 billion. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss what this deal signals about the astounding amounts of money being thrown around the relatively niche market of A.I. investment.…
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Money Talks: The Dinosaur Economy
One-hundred-million-year-old bones are so hot right now. In this Money Talks, Felix Salmon is joined by Salomon Aaron, director of an antiquities gallery specializing in fossils, to explain everything you ever wanted to know about dealing in dinosaurs and why the market has exploded in recent...
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Canadian Beef
This week: Meta settles with the U.S. states suing the company over teen safety concerns. Emily Peck and Elizabeth Spiers are joined by Scarlet Fu of the new Bloomberg Money (while Felix is stuck on a tarmac somewhere in Canada) to discuss if Meta’s $17 billion settlement is as big of a deal as…
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P(doom) and Other AI Questions
This week: the Slate Money hosts ask all their burning A.I. questions to someone who can actually answer them. Felix Salmon, Elizabeth Spiers, and Emily Peck sit down with A.I. expert Noah Brier and pick his brain about the reality of all our A.I. fears, the arms race with China, and how…
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Money Talks: Do Childcare Subsidies Pay Off?
In this Money Talks: Martha Gimble, the Executive Director of the Budget Lab at Yale, joins Elizabeth Spiers to explain their recent report on early childhood education and care policies and how federal subsidies could realistically work to make these things affordable. Join Slate Plus to unlock...
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What the Shell?
This week: The Treasury Department announced it’s killing an anti-corruption measure that requires shell companies to identify their beneficiaries. Felix Salmon, Elizabeth Spiers, and Emily Peck explain how a key aspect of the bipartisan Corporate Transparency Act ended up on the chopping…
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The Unwanted Art Boom
This week: On the heels of his recent story on the glut of art that baby boomers are leaving to younger generations, Felix Salmon talks with Elizabeth Spiers and Emily Peck about why boomers like to collect things—from fine art to Pez dispensers—and why younger generations aren’t necessarily...
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Money Talks: Live from the Library of Mistakes
In this Money Talks: Felix Salmon sits down with Lee Buchheit for an in-depth chat on sovereign debt at a live event hosted by The Library of Mistakes. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe...
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Too Situationally Aware to Fail
This week: Situational Awareness—an A.I.-forward hedge fund led by a former wunderkind and OpenAI employee—was tanking fast until a rival fund stepped in. Felix Salmon, Elizabeth Spiers, and Emily Peck explain the series of events that led to Citadel swooping in to buy the bulk of assets held by...
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Explosive You-Know-What
This week: The term “explosive diarrhea” captured the nation's attention, turning all eyes toward the company linked to a major cyclosporiasis outbreak. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss the much-talked about food poisoning story and the PR flubs of Trump-aligned Taylor…
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Money Talks: Plastic, Plastic Everywhere
In this Money Talks: Elizabeth Spiers talks to journalist Beth Gardiner about her expose of the plastic industry, Plastic Inc. They’ll get into the unsettling history behind the now ubiquitous material and how Big Oil has managed to hide in plain sight, shifting the burden of plastic waste onto...
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What’s A.I. Doing to Our Energy Bills?
This week: New York Gov. Kathy Hochul put a statewide moratorium on building A.I. data centers. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss the decision and how the rush to build data centers is driving up energy costs. Then, the hosts explain how a new law–which removes an existing...
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You’ve Got IPO
This week: The company buying up legacy brands like AOL, Evernote, and Vimeo had a huge IPO with shares immediately surging by 40%. Felix Salmon, Elizabeth Spiers, and guest host Stacy-Marie Ishmael discuss the Milan-based company’s strategy and unexpected success. Then, the hosts look at how...
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Money Talks: The Economics of Repugnant Transactions
In this Money Talks: Felix Salmon is joined by Nobel Prize winning-economist Alvin Roth to discuss his new book, Moral Economics, which uses controversial topics—like prostitution and organ sales—to explore how morality shapes a market … and how we can apply economics lessons to big ethical…
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Synergy’s Must-Watch Final Episode
Felix Salmon, Elizabeth Spiers, and Emily Peck are joined by Reuters Media Editor Edmund Lee to revisit their 2016 predictions for the Comcast/NCBUniversal merger, now that the companies have announced their split. Then, they explore how the World Cup fits into our very American media landscape....
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The Greenspanaissance
This week: Former Federal Reserve Chairman Alan Greenspan passed away at the age of 100. Today: Felix Salmon, Elizabeth Spiers, and Emily Peck examine Greenspan’s legacy and the way it’s being emulated by the Fed’s current chair, Kevin Warsh. Then, the hosts discuss succession at JPMorgan now…
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Money Talks: The Art of Trade War
In this Money Talks: Emily Peck sits down with Soumaya Keynes and Chad P. Bown, co-authors of How to Win a Trade War, to discuss how recent conflicts have changed the rules of international trade and which strategy they believe is the key to “winning” a modern trade war. Podcast production by...
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Investing in SpaceX’s Future on Mars
This week: We saw just how many people are willing to invest in Elon Musk. Felix Salmon, Elizabeth Spiers, and Emily Peck, look at what makes SpaceX’s massive IPO so strange and why investors are willing to overlook things like Musk’s obsession with going to Mars. Then, they discuss Donald…
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We Hate the Inflation
This week: Inflation hit its highest rate in three years thanks to skyrocketing energy prices. Felix Salmon, Elizabeth Spiers, and Emily Peck, parse through what the various inflation numbers mean and discuss the Fed’s and Donald Trump’s blasé reaction to the situation. Then, with the trustees...
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Money Talks: 500 Years of the Dollar
In this Money Talks: Author and financial journalist Brendan Greeley tells Elizabeth Spiers about his new book The Almighty Dollar—and the astonishing power this currency held long before the founding of the United States. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access…
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The Index Fund Problemtunity
This week: Google’s parent company announced an unexpected move to raise $80 billion for their AI ventures. Felix Salmon, Elizabeth Spiers, and guest host Mary Childs– host of the new show Mary in America–discuss the logic behind Alphabet's stock-based fundraise, which includes a $10 billion…
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Least Cool Ferrari Ever
This week: Ferrari revealed its new EV designed by Jony Ive and it looked so bad it became a meme. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss the reaction to the $640,000 Ferrari Luce and how this story fits into the overall state of the electric vehicle market. Then, the hosts dig...
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Money Talks: What to Love About Limitations
In this Money Talks: Elizabeth Spiers is joined by David Epstein, author of Inside the Box: How Constraints Make Us Better, who explains his research into how limitations often lead to breakthroughs. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all...
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Theories on Trump’s Trading Frenzy
This week: It was revealed that Donald Trump’s investment portfolio made a stunning 3,600 trades in one quarter. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss theories on why the hell anyone would do this and whether it’s just weird or actually sinister. Then, they’ll get into the...
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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...
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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...
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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…
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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...
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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...
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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...
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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...
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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…
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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...
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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,...
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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…
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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…
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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…
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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…
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About this show
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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