Marketplace Morning Report for Tuesday, August 6, 2013

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Episode Description 
Amazon CEO Jeff Bezos snapped up The Washington Post yesterday, along with some other papers, for $250 million. Like most papers, the Post has been losing readers and advertisers. We take a look at what made Bezos do it. One of London's largest financial markets could be moved from the U.K. to the U.S. by its new American owner.  London International Financial Futures Exchange, or LIFFE, could be coming stateside. And, today we'll get an earnings report from First Solar, Inc. The American solar panel manufacturer has been branching out by building large-scale solar power projects -- partially in response to the plummeting price of solar panels.

PODCAST: What does Jeff Bezos see in The Washington Post?

After a long winning streak, the price of gold has been going down. Why would an internet mogul like Jeff Bezos buy a fading journalistic institution like The Washington Post? And, when it comes to cars, there are brands for rich people and there are cars for people of more modest means. But just as many people at the bottom of the income ladder buy Jeeps as people at the top.

Gold goes down

After a long winning streak, the price of gold has been going down.
Posted In: gold

First-time home buyers face difficulties

President Obama will be in Phoenix today, continuing his national tour focusing on the economy. The president is promoting home ownership for the middle class. But there is tension between Obama's message and the reality for many first-time buyers.
Posted In: Housing, first-time home buyer, Phoenix

Amazon CEO buys Washington Post

Why would an internet mogul buy a fading journalistic institution?
Posted In: jeff bezos, washington post, Amazon

Jeep: A car brand for rich and poor alike

When it comes to cars, there are brands for rich people -- Mercedes, Audi, BMW -- and there are cars for people of more modest means -- Chevys, Fords, Toyotas. But just as many people at the bottom of the income ladder buy Jeeps as people at the top.
Posted In: Jeep, Chrysler, income, wealth, cars

Speed prompts futures exchange to consider move to U.S.

The London International Financial Futures Exchange is considering a move to the U.S. That should make transactions marginally faster, but is this a wise move?
Posted In: Europe, automated trading, London

Solar panel maker survives by creating its own market

First Solar, Inc., has branched out into planning and building large-scale solar power. That strategy has helped the American company rise above plummeting prices for solar panels.
Posted In: solar, manufacturing

Music from this show

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Tour De France
The Sea
Misun
Tidal Wave
Thee Oh Sees
Lower the Heavens
The Donkeys
Erlangen Polka
Cults Percussion Ensemble