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If you have, you're not alone. American consumers lost more than $1 billion to fraud on social media in the first six months of this year, according to the Federal Trade Commission. That’s almost ten times what it was five years ago. Today, we'll hear how consumers can protect themselves. But first, we know what the Federal Reserve did with short-term interest rates this week. What's driving long-term interest rates right now?
Zillow reports that new listings fell to a record low in August, with sellers putting about 7% fewer homes up for sale than in July. Meanwhile, homes are staying on the market longer than a year ago, and home prices are barely growing in most markets. What's going on? Plus, Harvard economist Jason Furman cautions that we could get stuck in slow monthly job growth as a result of immigration policy.
From the BBC World Service: We'll start today in Mexico, where trade talks have taken place between Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney, who agreed to deepen ties as both countries face new tariffs from their neighbor, the U.S. – 50% on Canadian steel and 25% on Mexican pharmaceuticals, for example. We’ll also learn about the unauthorized resale of soccer tickets in England. And later, could hydrogen be used to help reduce emissions from the steel industry?
Anita Ramaswamy, columnist at The Information, joins Marketplace’s Nova Safo to break down all of these headlines. This episode was produced by Jesús Alvarado.
The number of new hires in August was about equal to the number of Americans who lost or quit their jobs in the same month. That means they sorta just .... cancel each other out. In this episode, what’s causing this strange stagnation? Plus: Bank of America and Amazon are raising their minimum pay, the U.S.-China trade war has soy and sorghum farmers worried, and a Seattle mall caters to and celebrates plus-size shoppers.
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This week, the Federal Reserve cut interest rates and made it clear that its attention is turning to the labor market. It’s showing cracks, particularly for Black workers. On the show today, Massachusetts Rep. Ayanna Pressley joins Kimberly to discuss rising Black women’s unemployment in the United States and why she’s calling on the Fed to do something about it. Plus, Kimberly digs through your anime recs. Which ones have you seen?
Here’s everything we talked about today:
"Demon Slayer: Infinity Castle slays the U.S. box office with record-breaking debut" from Polygon
Join us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.