Category: 4-FrequentNewsStreams

You may have heard that big things come in small packages. Now, tariffs do too. The "de minimis" tariff exemption for purchases less than $800 ends Friday. Parcels will then be subject to the tariff for whatever country from which they’re shipped. Plus, why Nvidia's quarterly results are a big deal and how a less independent Federal Reserve could affect the value of the U.S. dollar.

From the BBC World Service: It's a tough day for India. Most of its exports to the United States will now face a 50% tariff. It's a major shift between the two countries, which used to be partners, especially in tech and defense. We'll learn about the impacts. Plus, European carmakers are claiming that hitting the EU’s 2035 CO2 emissions targets is no longer realistic. Plus, a K-pop-themed musical has become the most-watched movie on Netflix.

As students return to campuses across the nation, a new documentary explores the legacy and new challenges faced by historically black colleges and universities. Reset learns more from Brandis Friedman, WTTW anchor and co-producer of the documentary “Opportunity, Access & Uplift: The Evolving Legacy of HBCUs.” We also hear from Felecia Commodore, associate professor at the University of Illinois, Urbana-Champaign. For a full archive of Reset interviews, head over to wbez.org/reset.

Job growth in the economy has slowed, and the ranks of the long-term unemployed are growing. It makes the indignities of the modern hiring process even more frustrating for those in the market. Job-seekers are navigating a gauntlet of automated application systems set up to whittle down the hundreds — sometimes thousands — of applicants. Only for many to never hear from a human. Marketplace’s Meghan McCarty Carino has more from the front lines of algorithmic application hell. 

In our news wrap Tuesday, the Israeli military claims it was targeting a Hamas surveillance camera when it struck a hospital in Gaza and killed 20 people, including five journalists and the Trump administration says it will withhold federal funding from states that don't enforce English language requirements for truckers. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Late Monday, President Trump announced plans to remove Lisa Cook from the Federal Reserve Board of Governors over unproven allegations of mortgage fraud. The move is part of his months-long effort to reshape the central bank and pressure it to lower interest rates. But meddling with the Fed's independence could backfire. On today's show, we look at the implications of political interference at the Fed, from the bond market to the U.S. and global economies. Plus, how FEMA's elimination of hazard mitigation programs will affect the country.

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.

Illinois has been a leader in the data center boom, with more than 220 across the state. However, those centers use up tons of water, often from the same sources that local communities rely on for drinking water. Advocates that work to protect the Great Lakes (and local drinking water) are raising the alarm on the burden this could put on Illinois municipalities in the short and long term. Reset gets the details from Jen Walling, executive director, Illinois Environmental Council; and Joel Brammeier, president, Alliance for the Great Lakes. For a full archive of Reset interviews, head over to wbez.org/reset.

Americans drink some 450 million cups of coffee each day. Coffee beans from Brazil face a 50% U.S. import duty. And while President Donald Trump's tariffs aim to reshore American production and manufacturing, coffee beans can't really be grown around the U.S. We'll hear what sort of trouble's brewing for coffee sellers as a result. But first, we'll break down the attempted firing of one of America's central bankers.

That's the conclusion of Karen Petrou at Federal Financial Analytics after President Donald Trump moved to fire Federal Reserve Governor Lisa Cook last evening. That follows unproven allegations of mortgage fraud. Whether or not the move is legal, it raises additional concerns over the independence of America's central bank and the dollar's role as the global reserve currency. And later: What's the relationship between the Fed's benchmark rate and mortgage rates?

From the BBC World Service: Japan and Australia are among the latest countries suspending some postal deliveries to the United States. And it's all down to confusion over tariffs. President Donald Trump signed an executive order last month ending the global import tax exemption on small packages worth under $800 entering the U.S. duty-free, a change due to take effect on Friday. Also, Boeing and Korean Air have announced a deal worth $36 billion for over 100 planes.