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Sep 19, 2019

How an oil company pivots to video games

How’s a company go from fracking to “Fortnite”? Today, we look at the art of the pivot. Plus: Why central banks are predicting an economic slowdown and what Silicon Valley is (and isn’t) doing to combat climate change.

Emil "Nyhrox" Bergquist Pedersen at the 2019 Fortnite World Cup Finals on July 27 in New York City.
Johannes Eisele/AFP/Getty Images

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Segments From This Episode

Navigating new sales tax rules in the era of online shopping
by Kate Davidson
Kate Davidson/Marketplace
Last year, the U.S. Supreme Court re-wrote the rules of sales tax collection. Now, a group of senators want to intervene.
How Chinese consumers are coping with tariffs on U.S. goods
by Jennifer Pak
Nicolas Asfouri/AFP/Getty Images
Some Chinese consumers are buying less and others are buying local.
From fracking to “Fortnite”: Company pivots from oil to esports
by Andy Uhler
Ethan Miller/Getty Images
For one investment firm, competitive video gaming suddenly looked better than the volatile energy industry.
When interest rates drop, savers feel the pinch first
by Justin Ho
Spencer Platt/Getty Images
Savers can be the first to lose when the Fed lowers the interest rate.
OECD: Growth downgraded, fiscal policy needed
by Mitchell Hartman
Eric Piermont/AFP/Getty Images
The Organization for Economic Cooperation and Development echoes central bankers, saying monetary policy alone can’t spur global growth.