The Bureau of Labor Statistics released the final consumer price index reading for 2025 this morning. Spoiler alert: Inflation is still too high. Prices were up 2.7% from the year before and up 0.3% between November and December. This morning, we'll unpack. Plus, President Donald Trump wants to cap credit card rates at 10%. What consequences would there be for consumers and banks? And: inside a quantum computing site in Santa Barbara.
Marketplace All-in-One - 2026 has its first new tariff threat
President Donald Trump said on social media that he is imposing a 25% tariff on goods from countries “doing business” with Iran in response to Iran's government imprisoning and killing protesters. The countries that buy Iranian oil include India, Turkey, and China. We'll also share predictions for December's consumer price index. Plus, could the biggest economic risk to the U.S. in the year ahead be the U.S. itself?
Marketplace All-in-One - AI deepfakes could lead to fines and country-wide bans
From the BBC World Service: There's mounting pressure on Grok — the AI chatbot that's part of Elon Musk's social media platform, X — over the generation of explicit images. The U.K. is rushing through a new law making it illegal to create nonconsensual intimate images; meanwhile, Indonesia and Malaysia have already blocked access to Grok. Then, the race is heating up to build the most powerful quantum computers. We visit one of the biggest players, Google's quantum lab in California
Marketplace All-in-One - AI is eating up the world’s computing memory
Much like graphics processing units, high bandwidth memory is essential for training and running AI. It's paired with all those NVIDIA chips that have been selling like hotcakes and only a small handful companies in the world make it. Now the surge in demand from data centers has created a global shortage for everything else — the PCs and smartphones and other consumer electronics that also use memory chips. Marketplace’s Meghan McCarty Carino spoke with Tom Mainelli, vice president of device and consumer research at IDC, about how long this shortage could last.
PBS News Hour - World - Iran protests escalate as regime crackdown leaves more than 500 dead
Protests in Iran continue to grow and security forces are now estimated to have killed at least 500 protesters. In addition to renewed military threats from President Trump, he said countries doing business with Iran will face tariffs. Nick Schifrin reports on the latest. A warning: some images in this story may disturb viewers. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Marketplace All-in-One - The Fed under attack
The Department of Justice has opened an investigation into the Federal Reserve and Chair Jerome Powell, a move Powell has since called "an unprecedented action [that] should be seen in the broader context of the [Trump] administration's threats and ongoing pressure" to lower interest rates. We take a closer look at what’s happening from inside the Fed, and look at the implications for the economy as a whole.
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In the Loop with Sasha-Ann Simons - Can Barnes & Noble And Independent Bookstores Co-exist In Chicago?
Bookstore giant Barnes & Noble is opening new locations in downtown, Hyde Park, Oak Park and Skokie. As the chain continues to see growth since its change in leadership in 2019, some are concerned about the return of the big-box bookstore where small, independent bookstores already exist.
In the Loop talks about the Barnes & Noble expansion in Chicago, its impact on local bookshops and how indie bookstores and large booksellers can coexist in the city. We speak with Barnes and Noble CEO James Daunt, Volumes Bookcafe co-owner Rebecca George and Call & Response Books owner Courtney Bledsoe.
For a full archive of In the Loop interviews, head over to wbez.org/intheloop.
Marketplace All-in-One - The politicization of monetary policy
President Trump’s growing frustration with the Federal Reserve’s commitment to political independence reached fever pitch over the weekend when Fed Chair Jerome Powell annouced the DOJ has opened a criminal investigation into the Fed. Powell called the probe “unprecedented” and said the Fed uses data, not politics, to make interest rate decisions. In this episode, we get context on the situation from economist Julia Coronado — including how the investigation could have an impact on financial markets.
Marketplace All-in-One - Fed investigation is politically motivated, Powell says
Officially, the Federal Reserve is being investigated by the Justice Department over office building renovations. But in a video statement Sunday, Fed Chair Jerome Powell said the investigation, which includes a threat of criminal charges, is “a consequence” of the Fed maintaining its independence from President Trump. Plus, later in the episode, how the Warner Bros. deal could affect moviegoers — at home and in theaters.
Marketplace All-in-One - AI and the entry-level job market
From the BBC World Service: Recent college graduates say they’re struggling to find entry-level positions. How much of the job market squeeze can be blamed on AI? Plus: Malaysia and Indonesia block access to Elon Musk's AI chatbot Grok, Meta urges Australia to rethink its youth social media ban, and foreign ministers from Denmark and Greenland will meet with U.S. leaders.