Mid-day Update

PODCAST: Sell in May?

David Brancaccio May 6, 2014
HTML EMBED:
COPY
Mid-day Update

PODCAST: Sell in May?

David Brancaccio May 6, 2014
HTML EMBED:
COPY

We’ll start by confronting the notion of “Sell in May, then go away.” There is a saying among investors this time of year, that as we get closer to summer vacation, it’s time to take money out of the stock market. To find out more, we consult the often bearish Julie Niemann, the analyst at Smith Moore and company in St. Louis.

Google is rolling out same-day delivery for online retail customers in West L.A. and Manhattan — offering products from a variety of retailers including Costco, Target, Walgreens and L’Occitane. Google has already been piloting the service in the San Francisco Bay Area. Amazon has just launched same-day delivery in parts of Los Angeles as well, along with San Francisco, Seattle and Phoenix. And the two giants aren’t alone. Wal-Mart, eBay, Nordstrom and other retailers are also in the ring. But, same-day delivery is expensive and complicated.

What are the odds of an entry-level gambler getting some coaching and winning the World Series of Poker in Las Vegas? Not great, as you may imagine. Grantland writer Colson Whitehead got $10,000 from his employer to give it a try.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.