Author: Marketplace

From the BBC World Service: Canada has scrapped its planned digital services tax hours before it was due to take effect after President Donald Trump threatened to end trade talks over the issue. The planned tax would have hit major U.S tech companies, including Amazon, Meta and Apple. We'll also hear how a British car manufacturer is responding to U.S. reduced tariffs, and a new sandal design has stirred controversy for Prada

Haley Hinkle, policy counsel at the advocacy group Fairplay, recently formulated a case brought to the FTC, saying there are powers afforded to the Commission to impose new children's safety regulations on internet companies. She specifically points to Section 5 of the FTC Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce.”

The Supreme Court today ruled to limit the ability of federal judges to issue nationwide injunctions blocking President Trump’s executive orders. The decision will have major implications for how businesses push back against federal policy in the United States. We’ll get into it. And, American consumers aren’t feeling too hot about the economy. How much do those feelings matter? Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• "Supreme Court sides with Trump administration on nationwide injunctions in birthright citizenship case" from SCOTUSblog
• "America’s Top Consumer-Sentiment Economist Is Worried" from Bloomberg
• "Opinion | How the N.B.A. and M.L.B. Shattered America’s Sports Culture" from The New York Times
• "Bumble stumbles as dating apps struggle" from Marketplace
• "Latest time use survey shows Americans are spending more time at home" from Marketplace
• "The colleges using ultimate frisbee to boost enrollment" from Marketplace
• "After a tough decade, American malls are reinventing themselves" from Marketplace

Got a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

It's been a big week for economic data, with key reports on GDP, PCE, retail sales and consumer sentiment numbers. Bloomberg's Kate Davidson and the Wall Street Journal's Greg Ip join “Marketplace” host Kai Ryssdal to discuss the data, what's happening with inflation and how much tariffs are feeding into prices. Also on the show: Disposable income dipped in May. What does this slowdown in income growth mean for the broader economy? Plus, a conversation with Tim Cadogan, CEO of GoFundMe, about the future of charitable giving.

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.

If doctors can catch breast cancer early enough, the chances of survival are about 90%. In order to catch it early enough, women over the age of 40 usually get annual mammograms, paid for by their health insurance. Roughly half of those women have dense breast tissue that requires additional screenings, however, which aren’t always covered by insurance. Also: a record-high stock market and the state of the economy surrounding the Strait of Hormuz.

Romance apps are struggling to get dates right now. Bumble says it’s laying off nearly a third of its employees. Since the company’s launch of its stock in 2021, stock prices have fallen about 90%. We'll hear how changing habits and economic uncertainty are factoring in. Plus: where the Senate version of the big tax and spending bill stands and a trip to Georgia, where farmland and solar panels are coexisting.

From the BBC World Service: A White House official said the talks lay the groundwork for expediting rare earth shipments from China to the U.S. Then, the 12-day war between Iran and Israel brought intense focus on a key waterway, the Strait of Hormuz. How has the conflict affected a region so dependent on the Strait? And, European leaders have been gathering in Brussels to decide on a common negotiating position toward the Trump administration.

On this week’s Bytes: Week in Review: Apple irked customers with movie ads, the Mideast conflict reminded us of the lack of security in smart surveillance cameras, and a federal judge handed down a landmark ruling on AI’s use of copyrighted works, citing a legal doctrine known as fair use.

June marks the start of hurricane season but thanks to the climate crisis we’re dealing with extreme weather year-round. Just in the past month, deadly storms have devastated Kentucky and a brutal heat-wave is surging across the country. With the recent cuts to NOAA and the National Weather Service, weather stations are understaffed and weather forecasting might be impacted. In this episode of Burning Questions, host Amy Scott talks with former National Weather Service Director Louis Uccellinni to find out how the cuts to NOAA impact all of us. 

Continuing unemployment claims just hit nearly two million — the highest number since November 2021. There’s not much hiring right now and workers with jobs aren’t going anywhere. In this static labor market, what’s an unemployed person to do? Also in this episode: Car sales slow after a pre-tariff boom, a new report shows Americans are socializing less, and a town in Oregon is still rebuilding five years after a major fire.

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.