Latest from Jarrett Dang

• Nov 3, 2022

  We’re in the era of higher interest rates. It’ll be a while before it ends.

  

  The Fed threw another big interest rate hike at inflation this week, and while it hints at the possibility of dialing back the pace … it hasn’t shown a ton of interest in doing that. Diane Swonk of KPMG discusses this further. The Biden administration wants to help with your energy bill. CBS and its former chief officer will pay millions following an investigation from the New York attorney general’s office.

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• Nov 3, 2022

  The World Cup comes with a global price tag

  

  First, we look at next steps for the Fed after it raised interest rates again on Wednesday. As the World Cup in Qatar approaches, we talk about the reasoning behind countries’ willingness to pay billions to host massive sporting events like it.

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• Nov 3, 2022

  It’s the Bank of England’s turn to raise interest rates

  

  From the BBC World Service: With U.K. inflation running above 10%, the country’s central bank is poised to make its biggest rate increase in 30 years. Plus, Netflix rolls out cheaper subscriptions, which have adverts. And, authorities in Indonesia say contaminated medicine syrup was likely responsible for a spike in child deaths in the country.

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• Nov 3, 2022

  How expensive is it to host the World Cup or Olympics?

  

  The upcoming soccer World Cup in Qatar is unlikely to recoup its economic costs and might be costly to the country’s image too.

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• Nov 2, 2022

  Your credit cards could be overheating in a few hours

  

  The Fed is raising interest rates at a brisk pace, and is expected to do so again. The effects are showing. Susan Schmidt helps us parse through some new employment data. We speak to an expert about how inflation has affected the kind of holiday ads we’ll be seeing.

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• Nov 2, 2022

  This year, holiday ads speak to economic uncertainty

  

  Messages focus on offering savings and a good deal, says Ad Age’s Jeanine Poggi. Even if the economy slows, ad budgets may not shrink.

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• Nov 2, 2022

  Report shines light on racial inequality in home appraisals

  

  The report from the Federal Housing Finance Agency also shows that the trend is growing. Also, car prices that shot up drastically during the pandemic are starting to come down … just a bit. Then, we check in on the “care economy” and discuss what can help it.

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• Nov 2, 2022

  Hong Kong tells Wall Street now is the time to invest

  

  From the BBC World Service: Hong Kong’s reputation as a haven for stability and profitability has been undermined in recent years by the pandemic and a crackdown against anti-government protesters. So can U.S. banks be persuaded to invest in the territory? Plus, authorities have now locked down a wider area around the world’s largest iPhone factory in China. And, can synthetic hair be made in a more sustainable way?

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• Nov 1, 2022

  Biden sets sights on windfall from oil companies

  

  We get a little into the size and scope of trying to enact a profits tax on oil companies. David Kelly of J.P. Morgan joins us for market discussion. The New York pay transparency law went into effect today, and we look at its potential impact on gender and wage gaps. A pair of propositions on sports betting will soon be facing California voters. 

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• Nov 1, 2022

  Judge blocks merger of book publishing titans

  

  A federal judge has blocked Penguin Random House from buying up rival Simon & Schuster, which counts as a win in the Biden administration’s battle against industry consolidation. Also, Tower Records might not be a huge thing in the U.S. these days, but it’s emerged as a culture beacon in Japan.

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