Marketplace®

Daily business news and economic stories
 

Jarrett Dang

Latest from Jarrett Dang

  • Why the U.S. may actually have two job markets
    Jack Taylor/Getty Images

    The U.S. labor market has looked really good in the past year even as inflation bites in the wider economy. But an old theory that’s recently regained ground says that there are actually two job markets that differ substantially in pay, stability, and social mobility. Plus, the recent indictment of Donald Trump on federal charges over classified documents has turned into a fundraising call for the former president — and his Democratic rivals. And finally, Texas is looking to meet projected record-breaking demand for energy with the help of renewable energy.

    Read MoreDownload
  • Canadian firefighter shortage could spell future wildfire trouble
    Getty Images

    From the BBC World Service: As Canada battles hundreds of wildfires, fire departments are struggling to recruit enough volunteers to quickly respond to calls; while cities employ career firefighters, small towns and villages rely on volunteers. Plus, Pride Month is well underway and amidst the parties and celebrations, it can also be a time for self-reflection. We chat with an openly gay UK banking chief who is keen to talk about his own experiences in a traditionally conservative industry.

    Read MoreDownload
  • Corporate America steps up its return-to-office push
    Getty Images

    Google has become the latest high-profile company to step up its efforts to get employees back into the office. We look at the measures the company is taking to prod people away from remote work, including penalizing workers who refuse to comply with back-to-office mandates. Plus, a look at British Prime Minister Rishi Sunak’s effort to convene the world’s first international forum on AI regulation. And finally, Afghan refugees in the U.S. are facing numerous challenges with immigration processing, which affects their job searches. 

    Read MoreDownload
  • Could technology help with wildfire air pollution?
    Eduardo Munoz Alvarez/Getty Images

    As New York and other cities continue to deal with worsened air quality due to Canadian wildfires, people have been finding ways to adapt with a little help from technology. We look at some ways innovation is meeting necessity as wildfires become a growing problem because of climate change. Plus, President Biden vetoed a bill that would have curbed student loan forgiveness. And finally, a chat with the Peterson Institute for International Economics’ Chad Bown about how the U.S. is placating allies who say recent electric vehicle subsidies are protectionist and unfair. 

    Read MoreDownload
  • How should the world regulate artificial intelligence?
    Tolga Akmen - WPA Pool/Getty Images

    From the BBC World Service: Britain is hosting the world’s first global summit on the regulation of artificial intelligence this fall. The UK’s Prime Minister Rishi Sunak is expected to discuss the event when he meets President Joe Biden at the White House today. Plus, can the cruise ship industry reduce its emissions? We hear from one player, MSC, which is using biogas to power its first net-zero emission voyage. And finally, Messi’s next big move — sports journalist Joe Lowry explains the finances behind the Argentine soccer legend’s decision to join Inter Miami.

    Read MoreDownload
  • NASCAR looks to make a splash in Europe
    Chris Graythen/Getty Images

    Some of the world’s best race car drivers will compete this weekend at the renowned “24 Hours of Le Mans” race in France. This year, there’s an additional entrant — a souped-up Chevrolet Camaro engineered by NASCAR that represents the body’s hopes to win more international fans. We chat with auto journalist Jamie Kitman about the race and NASCAR’s Garage 56 project. Plus, an initiative to recruit more women into the construction industry is running into headwinds as potential apprentices struggle to find child care. 

    Read MoreDownload
  • Wait, now we might be in a bull market?
    Spencer Platt/Getty Images

    Whelp, so much for that projected stock downturn. The S&P 500 Index is a hair’s breadth away from turning into “bull market” territory — a 20% rise in stocks — since a low hit last October. We look at why the market has been high on the economy this year despite earlier pessimism. Plus, a deeper look into yesterday’s announcement that the PGA Tour would merge with its Saudi-backed rival, LIV Golf. And finally, a look at how Prince reshaped the music industry by changing his name to the famous “Love Symbol” in the 1990s. 

    Read MoreDownload
  • Has Saudi Arabia bought golf?
    Jamie Squire/Getty Images

    From the BBC World Service: Golf’s breakaway LIV Golf Series, backed by the Public Investment Fund of Saudi Arabia, has struck a deal that will see it merge with the established PGA Tour. The BBC’s Olie D’Albertanson reports. Plus, Emily Nicolle from Bloomberg News explains why the U.S. Securities and Exchange Commission has temporarily frozen Binance’s assets. And finally, the BBC’s Monica Miller reports on a former TikTok executive saying that members of the Chinese Communist Party gained access to its data in Hong Kong in 2018.

    Read MoreDownload
  • Could Hollywood actors join writers on strike?
    Michael M. Santiago/Getty Images

    As Hollywood studios deal with the strike amongst film and television writers, actors could soon join the picket lines if a new contract isn’t drawn up by the end of the month. We look at the potential impact on an industry already dealing with huge labor upheaval. Plus, Saudi Arabia is cutting oil production to burnish energy prices, but other producers may be reluctant to follow. And finally, Ray Dalio, founder of the world’s largest hedge fund, says that it’s not likely that interest rates will return to the ultra-low levels seen in years past. 

    Read MoreDownload
  • Crypto gets in trouble — again
    Mario Tama/Getty Images

    It’s seemingly déjà vu in the cryptocurrency world. Binance, the world’s largest digital currency trading platform, has been sued by U.S. Securities and Exchange Commission over alleged violations that include lying to regulators and mishandling funds. We look at what that means for a crypto industry that’s been licking its wounds since the collapse of FTX last year. Plus, a chat with Steve Isakowitz, President and CEO of The Aerospace Corporation, about the space industry’s push to diversify its workforce by 2030. 

    Read MoreDownload