Author: Marketplace

As the war in the Middle East intensifies, one risk facing American banks is the possibility of cyber attacks by hackers linked to Iran.

There is some historical precedent for this: from late 2011 to mid-2013, nearly 50 financial institutions in the U.S. were attacked repeatedly by a group of hackers aligned with the Iranian government. The attacks disabled bank websites and prevented customers from accessing their accounts.

Marketplace’s Stephanie Hughes spoke with Rafe Pilling, Director of Threat Intelligence with the cybersecurity firm Sophos about what those attacks looked like and whether banks are better equipped to fend off those attacks now.

R. Scott Gemmill swore he’d never make another medical drama after “ER.” Good news: We’d argue his hit HBO Max series “The Pitt” is really a workplace drama, anyway. In this episode, “Marketplace” host Kai Ryssdal sits down with Gemmill as he preps to write the show’s third season. They discuss the job of a showrunner, medical minds in the writers room, streaming versus network TV, and more. Plus: Global investors seek safety in U.S. dollars amid Middle East conflict, drone attacks on data centers reveal digital infrastructure weaknesses, and private hiring data signals a moderate jobs bump.

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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.

The Department of Justice and dozens of states are accusing Live Nation — the owner of Ticketmaster — of being a monopoly, shutting out competition, and driving up ticket prices. This massive antitrust case was originally brought under the Biden administration, but there are competing currents over antitrust enforcement in the second Trump administration. Also on this morning's show: a fresh glimpse into the job market and an examination of company spending on equipment versus labor.

Mortgage rates dipped below 6% last week. Now, they're back up. Sudden conflict and uncertainty almost always cause volatility in the mortgage market. This time, fears of inflation and higher oil prices are to blame. Also, a look at how the U.S. might protect and insure vessels traveling through the Persian Gulf, and how the Republican tax and spending law signed last summer might help big corporations like Amazon, Meta, and Tesla avoid paying taxes.

You've probably heard of search engine optimization, or SEO. That's what you need to do to get your shoe brand or your coffee shop or your public radio show picked up and pushed out by a search engine. Now, with more people using AI to search for things, these brands have to work on what's being called AEO, or "answer engine optimization." When someone asks Chat GPT "where do I get good coffee in Baltimore?" Your brand shows up. Marketplace’s Stephanie Hughes spoke with Erin Griffith, a reporter at the New York Times, about what companies can do to make the AI look their way.

Military conflict, like the U.S. and Israel’s war with Iran, can wreck carefully planned cargo routes. While some ships were sent around the Horn of Africa to avoid the Red Sea, other merchants are pivoting to a costlier measure: transporting goods via airplane. The catch? Air cargo often travels through major airport hubs in the Persian Gulf. In this episode, logistics economics and geopolitical conflicts collide. Plus: Retailers release holiday earnings, vehicle sales may have rebounded, and Compass clashes with Zillow over online listings.

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.

As war in the Middle East widens, it’s become clear that drones now play a fundamental role in global conflict. They’ve changed the way wars are fought—and how much they cost. On today’s show, Kimberly talks with Sarah Kreps, director of the Tech Policy Institute in the Cornell Brooks School of Public Policy, about how drone technology has evolved over the years, how the rise of drone warfare has changed the way global conflicts play out, and what that means for civilians.

Here’s everything we talked about today:

• "Iran strike marks first time U.S. used new one-way attack drones in combat" from Task and Purpose 
• "Iran Fires Cheap Drones Into Arab Countries, Wreaking Havoc" from The New York Times
• "How are Drones Changing War? The Future of the Battlefield" from the Center for European Policy Analysis 
• "America’s Eroding Airpower" from the Center for New American Security 
• Obama’s Final Drone Strike Data from the Council on Foreign Relations  

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

When the world gets scary, investors are usually very hungry for bonds because they're safer bets than the stock market. But with the war in Iran, bond yields are going up, yet investors aren't as hungry for them. The reason? Inflation. And later in the program, the Environmental Protection Agency scrapped its “endangerment finding.” We'll discuss what that means for the auto industry and emissions standards.

The war with Iran continues to disrupt oil production and shipping channels in the Middle East. Today, we're unpacking the ripple effects of the conflict, including concerns about inflation, airline disruptions, and increased prices at the pump. Then, the owner of a Virginia tea shop reflects on the impact of Trump's new blanket tariff, and the tariff on imported goods under $800 is still in effect following the recent Supreme Court ruling.

As tech companies rush to build data centers to power their AI models, they're eating up power, money, and memory. Specifically, memory chips. The research firm IDC says demand from data centers has driven up prices for these chips and that we are dealing with an unprecedented memory chip shortage. That has knock-on effects for other devices that need these chips, including smartphones, PCs, and external hard drives.

Marketplace’s Stephanie Hughes spoke with Linda Tadic, a digital archivist and founder of Digital Bedrock, about how the memory shortage is affecting her work right now.