From the BBC World Service: Japan’s SoftBank has invested $2 billion in U.S. chipmaker Intel, which has been losing ground lately in the booming AI market. It also comes as the U.S. government weighs whether to take a direct stake in the company. And, as historic White House talks spark hopes of a Putin–Zelensky summit, the war in Ukraine grinds on, with Russia turning to North Korea to plug major labor gaps.
Marketplace All-in-One - China tells businesses to embrace AI. Where does that leave humans?
Marketplace’s Jennifer Pak recently attended the World Artificial Intelligence Conference in Shanghai. She asked Chinese AI firms what they think about the humans who might lose jobs to their AI products.
PBS News Hour - World - Zelenskyy gets promises of long-term U.S. support in White House talks with Trump
Leaders from across Europe descended on Washington in a remarkable show of support for Ukrainian President Zelenskyy, who came to the White House to meet President Trump. The hastily arranged summit followed Friday’s Anchorage meeting between Trump and Russian President Putin. Nick Schifrin reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
PBS News Hour - World - Would ceding territory to Russia actually bring lasting peace to Ukraine? Experts weigh in
For perspective on Monday's meetings at the White House and the negotiations to end the war in Ukraine, Geoff Bennett spoke with Charles Kupchan and David Kramer. Kupchan served on the National Security Council staff during the Obama and Clinton administrations, and Kramer was Assistant Secretary of State for Democracy, Human Rights and Labor during the George W. Bush administration. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
PBS News Hour - World - News Wrap: Hurricane Erin roaring past Bahamas
In our news wrap Monday, Hurricane Erin is roaring past the Bahamas as the East Coast braces for dangerous rip currents, more than 150 people are still missing after flash floods devastated Pakistan, a flight attendant strike at Air Canada entered its third day and conservative cable network Newsmax agreed to pay $67 million to Dominion Voting Systems to settle a defamation lawsuit. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Marketplace All-in-One - As many shoppers scrimp and stress, the wealthiest splurge
New context for the strong-consumer-spending-and-falling-consumer-sentiment combo: According to a Boston Fed report, the proportion of spending done by top-earning U.S. households is growing, and the share spent by lower-income Americans is shrinking. What might that widening gap tells us about the trajectory of this economy? Plus: Strong Q2 corporate earnings are an economic bright spot, U.S. energy exports may not break records again this year, and we investigate who profits from the tripled ICE budget.
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Marketplace All-in-One - USPS’s EV plans face a Republican roadblock
Republicans in Congress are attempting to claw back federal funding to replace the U.S. Postal Service’s outdated mail trucks with a mostly electric fleet. We’ll break down the fight. And, parents across the country are facing a slew of economic headwinds. How does a couple with 5 kids and a modest income make it work? Plus, a mysterious comet and a rebrand at MSNBC.
Here’s everything we talked about today:
- "Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service" from AP News
- "Senate Republicans cannot force US Postal Service to scrap EVs, parliamentarian says" from Reuters
- "What It’s Really Like to Support a Big Family on a Modest Income in America" from The Wall Street Journal
- "MSNBC to change name to MS NOW amid spinoff from NBCUniversal" from NBC News
"A mysterious comet is shooting through our solar system. Why are scientists so excited about 3I/Atlas?" from The Guardian
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Marketplace All-in-One - It’s almost time for Jackson Hole again
It’s a big week for Fed watchers. Federal Reserve Chair Jerome Powell is scheduled to speak at a research conference on Friday in Jackson Hole, Wyoming. It comes at a tricky time for the Fed — pressures are weighing on both price stability and maximum employment, and there's ire coming from President Donald Trump. We'll discuss what to expect. Plus, global demand for cassava is growing. Can Nigeria capitalize on the moment and become an export giant?
Marketplace All-in-One - Getting spendy to get ahead of tariffs
Consumer spending was up pretty significantly for more expensive items last month — things like cars and furniture. All that big-ticket buying comes despite a softening labor market and broader economic uncertainty. We'll parse the data a bit more. Also on the program: we'll hear what we can expect from homebuilder confidence and learn how the startup world is grappling with tariffs and the cancellation of government grants and contracts.
Marketplace All-in-One - Record fine for Australian airline
From the BBC World Service: A court in Australia has handed the airline Qantas a record fine — just under $59 million USD — for illegally laying off 1,800 ground staff during the COVID-19 pandemic. And later, could plans for sweeping tax cuts on consumer goods boost India’s economy in the face of U.S. tariffs? Plus, the root vegetable cassava is one of the world's most versatile crops. We'll hear more about Nigeria's cassava market.