This morning, the oil company BP reported no profits, but instead a loss of nearly $1 billion. Yet BP’s stock price in London went up 2 percent. That’s because while BP lost money, it didn’t lose more money. Which brings up the question, are earnings reports just Rorschach tests? Also, there’s a new study today saying we are now paying 15 percent of our medical bills out of pocket. More on that. And when the topic is children and money, the focus is often on consumption. But Ron Lieber, personal finance columnist for the New York Times says when teaching about money, don’t forget the giving-it-away option.
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.