Category: 4-FrequentNewsStreams

A year ago today, the president pulled out a chart in the now paved-over Rose Garden and set the global economy on fire. He announced his so-called “Liberation Day” tariffs, which changed a bunch of times before being deemed illegal by the Supreme Court earlier this year. And those tariffs were mostly paid by us — consumers and small businesses. Plus, just how worried should we be about jitters in the private credit market?

What happens to your retirement savings when you leave a job? And if you’ve forgotten about an old 401(k) account, how do you track that money down? That’s the mystery Reema is trying to solve this week, as she confronts her own financial anxiety and goes searching for retirement accounts left behind at previous jobs.

Along the way, she talks with retirement expert Geoffrey Sanzenbacher about just how common this is -- only about 15% of people roll their retirement savings over to a new employer's plan! And she asks behavioral economist Katy Milkman why this kind of chore feels so hard. Plus, brain hacks that will help you get through that daunting financial to-do list.

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It is day 34 of the internet blackout in Iran. But while it is the longest in their history, it does not mean that Iranians are without internet.

In Iran, there is the global internet, and then the intranet, or National Information Network, which is controlled by the Iranian government. Right now, only the NIN is available, and Iranians have been digitally isolated from the outside world, according to Amir Rashidi, the director for digital rights and security at the Miaan Group, a human rights nonprofit.

“Marketplace Tech” host Meghan McCarty Carino spoke with Rashidi about the current status of internet connection in Iran.

The Trump administration is sending more military forces to the Middle East, while at the same time saying Iran has asked for a ceasefire, a claim Iranian officials say is not true. President Trump is scheduled to address the nation and is expected to provide an update on the war effort and reiterate why he believes it was necessary. Nick Schifrin reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

In our news wrap Wednesday, House Speaker Johnson and Senate Majority Leader Thune say they have agreed on a path to fund the Department of Homeland Security through September, Iraqi officials say American journalist Shelly Kittleson remains missing after her abduction and a daytime drone attack by Russia killed at least four people in Ukraine. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Thursday marks one year since President Trump announced sweeping tariffs on basically all imported goods — how time flies! The name of the game was uncertainty: U.S. small businesses pivoted from growth plans to stay-afloat plans, consumers grew gloomy but kept spending, and the U.S. manufacturing sector shed jobs. All while the rest of the world sorta shrugged and moved on. In this episode, we reflect on the year of the tariff.

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Nationally, the average price of gas hit $4 a gallon. In the Chicago Metro area, it’s even higher – averaging $4.41 a gallon, according to AAA. Oil is a resource many of us might take for granted, but our daily lives depend on it. In the Loop learns about all the ways petroleum products show up in our day-to-day, from filling up at the gas pump to household plastics to items like toothpaste and shampoo. At the table to make it all make sense is Karen Weigert, In the Loop’s sustainability contributor, and Cécile Shea, from the Chicago Council on Global Affairs. Plus, Brady Holst with the Illinois Soybean Association shares how rising oil prices are impacting farmers like him. For a full archive of In the Loop interviews, head over to wbez.org/intheloop.

Chinese electric vehicle maker BYD told analysts it's confident it can sell 1.5 million vehicles outside of China this year. Chinese EVs are advanced and affordable, making them increasingly popular in the global auto market. That can't be said for the U.S., however, which is effectively shutting out Chinese EVs with 100% tariffs. This morning, what does the U.S. economy stand to lose if we don't let Chinese cars in? But first, markets are feeling confident despite ongoing fighting in the Middle East.

President Donald Trump is scheduled to address the nation about Iran tonight. He told reporters yesterday that the war could wrap up in two to three weeks. Meanwhile, Iran has issued a new threat against 18 U.S. businesses operating in the region, including Microsoft, Google, Intel, Tesla, and Boeing. The war is also having dire effects on energy in South and Southeast Asia. Plus, how much is air travel being impacted by rising jet fuel costs?

In rare verdicts, juries in New Mexico and Los Angeles sided against multiple Big Tech companies last week.

In Los Angeles, Meta and Youtube were found liable for intentionally creating addictive products, while in New Mexico, Meta was found to have violated state law and misled consumers on child safety guardrails.

The result of these two cases will ripple to the thousands of pending cases against Big Tech companies across the country and could impact future legislation. “Marketplace Tech” host Meghan McCarty Carino spoke with Eric Goldman, co-director at Santa Clara University’s High Tech Law Institute, about the verdicts.