Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
Today we look at why people put themselves in danger in West Africa to help fight Ebola -- especially when they know they could be quarantined for 21 days when they return home. Plus, Apple’s mobile wallet, Apple Pay, was disabled from Rite Aid and CVS stores one week after its launch. What’s at stake? As the fallout continues, what will the impact of this failed deal be on Apple and the stores involved?
As the Ebola story unfolds, authorities in New York have Dr. Spencer's own account as a starting point, but are helped by the multiple electronic checkpoints of life in Gotham. Plus, P&G spins off Duracell, and we take a look at the business and the history.
With a trend of dismal earnings for the likes of IBM, Coke and McDonald's, blue chip companies appear to have lost their sheen. We trace the evolution of the blue chip company since its beginnings, and ask what does it mean today – and who are the new generation of blue chip companies. Plus, we're going there: Email. It's a giant time waster, expensive productivity suck, and all over pain in the...
There are some good economic reasons no one created an Ebola vaccine – yet. Now multiple companies, including Johnson & Johnson, are racing to produce a cure. The business rationale changed in part due to the size of the outbreak itself, but also an increasingly interested market and potential payday. Plus: New regulations aimed at preventing another housing crisis have been finalized, only they don't include a down payment requirement. Financial experts think homeowners should put down 20 percent to be safe, but where did that number come from in the first place? Also: Seemingly out of nowhere in 1979, the Hunt brothers attempted to corner the silver market, pushing up prices almost 1,000 percent as they bought rights to nearly half of the silver in the open market. But when the commodities markets responded by changing the rules for margin trading, they went bust. Following the death of Nelson Bunker Hunt on Tuesday, Oct. 21, we look at why this strange bubble can't really happen again.
The Chinese economy grew at its slowest pace in five years during the third quarter. A cloudy forecast across the pond raises the question of if economic stalling in Europe or China is the greater threat to the U.S. economy. Next: In today's cheap fast-food market, where does McDonald's fit in? The company's third-quarter sales were worse than expected, with any number of reasons to blame, including food supplier controversies, service and lower pricing from competitors. Plus: Airbag manufacturer Takata does business with Toyota, Honda, Nissan and BMW, just to name a few. The recent recall of airbags in several makes of cars is complicated by the widespread supply to so many different manufacturers.
IBM is paying someone $1.5 billion to buy its chipmaker division. Sometimes it’s more cost effective to pay someone to take a division off your hands than to wind it down yourself. Plus, The drop in oil prices looks like a sustained drop - which amounts to a 20 percent discount on one of the global economy’s chief drivers. This is a dramatic economic development with many potential consequences.