Category: 4-FrequentNewsStreams

New research from the Federal Reserve Bank of Cleveland finds that earning a college degree can still help you keep a job and get higher wages, but it’s less of an advantage than it used to be. ​The unemployment gap between college graduates and those with just a high school diploma is narrowing. Also: a handful of stocks driving economic growth, a potential trade agreement between the U.S. and Taiwan, and life as a 67-year-old retiree.

Medicare will get a 71% discount off the list price of Ozempic and Wegovy starting in 2027. That will bring the monthly costs of those drugs down from nearly $1,000 to $274. The Centers for Medicare and Medicaid Services also announced price reductions for 14 other drugs. We'll hear more. Plus, can a market economy that uses fake cash help food banks get the food donations they want?

From the BBC World Service: Shares in Alibaba rose after the Chinese e-commerce company reported a 34% increase in revenue for its cloud computing division, as well as triple-digit increases in sales for its AI-related products. Then, in energy news, Iranian authorities plan to scrap generous subsidies for gas, and refiners in India rush to secure Russian oil imports ahead of a U.S. deadline. Plus, more international students turn to Bulgaria to complete their medical degrees.

We’re dropping into your feeds today to share this special bonus episode.

For many people gathering around the table this holiday season, things feel a little different. Maybe it’s the cost of ingredients that’s on your mind, or cuts to USDA funding that have left your food bank running low. Or maybe it’s the simple reality of a packed schedule – there’s a lot to cook, and so little time. 

In this special from Marketplace, we bring listeners a collection of stories on the business and economics of food. Our reporters take us across the country to farms, home kitchens, and restaurants. We visit a refugee farmer in Houston, a chocolate-making lab in California, and stop for a bite at an award-winning restaurant in Portland. 

Hannah Quay-de la Vallee, senior technologist at the Center for Democracy and Technology, coauthored a recent report that recommends more transparency on what artificial intelligence education technologies can and cannot do.

In our news wrap Tuesday, President Trump says there's progress in the U.S.-backed effort to end the war in Ukraine and he's dispatching two envoys to build on talks, Israel received another set of human remains from Gaza and the FBI is requesting interviews with Democratic lawmakers who appeared in a video telling troops to defy unlawful orders. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

President Trump spoke with Chinese leader Xi Jinping this week, and the Chinese government said Xi outlined what it called China’s "principled" position on Taiwan. The self-governing democracy of 23 million has never been part of Communist China, but Beijing considers it a breakaway province. Nick Schifrin sat down with Taiwan’s deputy foreign minister to talk about the relationship with the U.S. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

“Affordability” — it’s a hot-button issue across the political spectrum. But how does one define or quantify a subjective idea? We called up a linguist and a few economists to hear their thoughts. Plus: Flat wholesale inflation is a warning sign for higher overall inflation, September retail sales merely inched up, and the U.S. dollar is showing signs of recovery after a troubling first half of the year.

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.

Business has been booming for the online sports betting industry. Prediction markets threw a curveball. On today’s show, sports betting industry writer and analyst Dustin Gouker joins Kimberly to explain how prediction markets are disrupting sports betting and the legal questions surrounding it. Plus, we’ll get into what it means to live in a world where you can bet on anything, anytime from your phone.

Here’s everything we talked about today:

• "Why are sports betting companies getting into the prediction market?" from Marketplace
• "FanDuel, DraftKings Leaving American Gaming Association" from The Closing Line
• "From Kalshi to Polymarket to FanDuel, America Is One Giant Casino" from Business Insider
• "What is Kalshi, the predictions market that’s attracted the NCAA’s attention?" from The Athletic
• "The Sports-Betting Disaster" from The New Yorker
• How to contact the National Problem Gambling Helpline

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

If you want to wow your family and friends with a tasty twist on Thanksgiving classics, look no further. In the Loop gets tips for celebratory desserts and sweets from Martin Sorge, winner of the 6th season of “The Great American Baking Show.” For a full archive of In the Loop interviews, head over to wbez.org/intheloop.