Marketplace®

Daily business news and economic stories
 

Jarrett Dang

Latest from Jarrett Dang

  • The ‘Godfather’ of AI warns of the technology’s danger
    Getty Images

    From the BBC World Service: Geoffrey Hinton, one of the pioneers of Artificial Intelligence, quit his job at Google and has issued a stark warning to the BBC about the technology he helped create. Additionally, HSBC’s profits tripled in Q1 after acquiring Silicon Valley Bank UK. And Marketplace’s Leanna Byrne visits companies in the UK that are gearing up for the King’s coronation this weekend.

    Read MoreDownload
  • Could we be nearing the end of the banking crisis?
    Patrick T. Fallon/AFP via Getty Images

    The failure and subsequent sale of First Republic Bank is the latest episode in the continuing fallout from the Silicon Valley Bank collapse in March. Yet there may be cause for cautious optimism this could be one of the final dominos to fall in the banking crisis. Julia Coronado, president of MacroPolicy Perspectives, tells us more about what could lay ahead. Plus, a deeper look into what exactly happened when financial regulators sprung into action overnight Monday. And, how Homeboy Industries, an LA-based nonprofit that rehabilitates formerly incarcerated and gang-affiliated people, is taking on the challenge of recycling clothing. 

    Read MoreDownload
  • JPMorgan Chase's acquisition of First Republic further consolidates the industry in the country's largest bank, says the University of Michigan's Erik Gordon.
    Johannes Eisele/AFP via Getty Images

    The reverberations of the Silicon Valley Bank collapse have taken down First Republic. What’s next for the financial industry?

    Read MoreDownload
  • How the latest bank failure reshaped the financial industry overnight
    Michael M. Santiago/Getty Images

    The embattled First Republic Bank, one of the institutions caught in the wake of Silicon Valley Bank’s collapse, was acquired overnight by federal regulators and sold to JPMorgan Chase. It’s a massive, multi-billion dollar deal that makes America’s largest bank even larger. Erik Gordon, professor at the University of Michigan, explains what the collapse says about the financial industry. Plus, we look at how the construction industry is dealing with an ever-present shortage of workers. 

    Read MoreDownload
  • First Republic becomes the second biggest bank to fail in U.S. history
    Justin Sullivan/Getty Images

    From the BBC World Service: Overnight, First Republic Bank was taken under the stewardship of regulators, who then immediately sold it on to JPMorgan Chase, making it the second biggest bank in American history to fail. Banking analyst Frances Coppola talks us through the ramifications. Plus the BBC Business Editor in India, Arunoday Mukharji, reports on India becoming the world’s most populous country.

    Read MoreDownload
  • The economic crystal ball foresees another Fed rate hike
    Drew Angerer/Getty Images

    The latest measure of the Federal Reserve’s preferred gauge of inflation is out today, and it showed a considerable tapering in rising prices. But according to FHN Financial Chief Economist Christopher Low, the economic tea leaves are still saying that America’s central bank will likely hike rates again when its top interest rate-setting committee meets next month. Plus, we chat with Zanny Minton Beddoes, editor-in-chief of The Economist, about the news magazine’s recent edition highlighting the U.S. economy’s surprising long-term overperformance. And, what the latest rounds of layoffs at Gap Inc. say about the retail sector. 

    Read MoreDownload
  • The case for stepping back when talking about the economy
    Stephen Chernin/Getty Images

    Talking about the economy nowadays is a miserable affair — inflation, inequality, and other topics dominate an increasingly negative discussion. But over the longer term, the U.S. economy has actually outperformed when compared to nearly every other advanced economy, a recent issue of The Economist magazine finds. Zanny Minton Beddoes, editor-in-chief of The Economist, lays out the case for looking at the bigger picture. And, we spoke to E.J. Schultz, editor at the publication Ad Age, about the ongoing turmoil at beer maker Bud Lite about the recent sacking of two executives after the company’s campaign with a transgender influencer. 

    Read MoreDownload
  • Zanny Minton Beddoes, editor of The Economist, said that the U.S. economy has outperformed other rich economies despite economic pessimism among Americans.
    Spencer Platt/Getty Images

    Zanny Minton Beddoes, editor-in-chief of The Economist, explains why the U.S. economy may be stronger than it looks.

    Read MoreDownload
  • Could the North Sea become a green energy hub?
    Getty Images

    From the BBC World Service: With a desperate need to stop relying on Russian energy, there are plans to make the North Sea ‘Europe’s biggest green power plant’. We speak with Maurice Berns, head of the Boston Consulting Group Center for Energy Impact, about the idea. Plus, Brazil will continue to farm according to its own regulations, despite European Union laws banning the import of products linked to deforestation. And, rising sugar and cocoa prices are bringing a sour note to the confectionery industry.

    Read MoreDownload
  • The economy is slowing, but inflation’s sticking around
    Spencer Platt/Getty Images

    Monetary policymakers’ fight against inflation has centered around hiking interest rates to cool off the economy, and today’s economic data shows just that — GDP growth slowed considerably last quarter. But core inflation, a measure of price rises among goods that aren’t as volatile, rose at the same time. We ask KPMG chief economist Diane Swonk what that means for the Fed’s inflation fight going forward. Plus, new studies show that popular melatonin gummies contained amounts of the hormone that differed significantly from what had been advertised. And, a look at Texas’s recent push to eliminate sales tax period products like tampons and pads. 

    Read MoreDownload
Jarrett Dang