From the BBC World Service: Yields on U.S. Treasuries tumbled on early trading in Asia, as the conflict in Israel drives market uncertainty. Plus, campaigners in Germany call for the end of a law jailing people for not paying public transport fares.
Investors have poured $1.2 billion into student loan management startups in the past year. We explore. But first: How are markets responding to Israel’s declaration of war?
Harvard’s Claudia Goldin was awarded the 2023 Nobel Prize in economics this morning. We discuss her contributions to our understanding of the gender pay gap.
From the BBC World Service: While neither Israel nor the Palestinian territories are major oil producers, why does conflict there have such a big impact on the price of oil?
The Labor Department reports that 336,000 jobs were created last month — way more than expected. We discuss the job market’s continued resilience and what it means for the Fed.
Norwegian author Jon Fosse won the Nobel Prize in literature this week, and the book industry is prepping for a sales uptick. Plus, Amazon is launching its first internet satellites.
From the BBC World Service: The World Trade Organization originally thought that global exports would grow by 1.7% this year but lowered its forecast to 0.8%. Also: designer space suits!
With Kevin McCarthy out as house speaker, the future of aid for Ukraine looks uncertain. Plus, President Joe Biden cancels $9 billion in student loan debt.
From the BBC World Service: The 2030 Soccer World Cup will be held in six countries on three different continents. How will it affect the competition’s finances? Plus, Paris tries to stamp out its bedbug infestation.
