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.
The fifth anniversary of the markets’ bull run will soon be upon us. On the principle that “all good things come to an end,” is it time to expect a correction? Later: Sears is closing its store in downtown Chicago, and we take this occasion to consider what Sears and its competitor, Montgomery Ward, were to consumers in the late 1800s: Amazon. And finally: Butterfinger's newest peanut butter-stuffed candy looks - or rather, tastes - familiar. Why would they try to challenge the icon of their industry? We break down this "better" Reese's.
With mass credit card hacks in the news (looking at you, Target and Nieman Marcus), we take a look at who picks up the tab for fraud. Who's got a financial interest in credit card safety? Later, oil consumption in the U.S. grew more than in China last year, though thirst remains high in both countries. Finally, as departing Federal Reserve Chair Ben Bernanke weighs where to rest his hat, we look at a likely option: think tanks.
The World Economic Forum opens tomorrow in Davos, Switzerland. The big-name event draws reverent commentary-- and "a lot of bloviating"
What do traders and market-watchers do when some major global markets, like Wall Street, close and others remain open? Only a small number of uninsured people have signed up through the government healthcare exchanges so far. What will that mean for the future of the ACA? Wish you had Fridays off? Malaysia’s southern state of Johor is making Friday officially part of the weekend. The unintended consequences of using chemicals to kill rats, and a look at the latest technology that can help job seekers and employers find their perfect match.
The NSA announcement is sucking up a lot of the oxygen today – but what should we be more worried about, the government holding data – or the likes of Target? Next, we look at the cost of the nickel, which the U.S. Mint says hovers around ten cents. Changing the formula could cost the zinc folks, the vending machine vendors, and other coin-operated industries. Finally, California has gotten through a number of dry years without much fuss, thanks to the Sierra snowpack. But last year’s rainfall was the lowest since 1877, it hasn’t rained at all yet this "rainy season," fire watch started in January, and the snowpack isn't there to melt. There's a drought emergency in this giant agricultural state.
JC Penney announced it will close 33 stores across the country, including the store in Butte, Montana.