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Dec 15, 2016

Marketplace for Thursday, December 15, 2016

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Today we're tracking the fallout of the Fed's rate hike decision through the global bond market. Plus, after learning earlier this year half a billion Yahoo users were hacked, and the revelation another billion were hacked in 2013 — who still uses Yahoo anyway? Finally, we'll look at the economics of gift wrapping and the secondary market for sneakers.

Segments From this episode

Oyster farms grow in Rhode Island. Are they a problem?

Dec 15, 2016
The oyster farms compete with boaters and other users of the coast's shallow salt ponds.
American oysters farmed in salt ponds.
Kristin Gourlay for Marketplace

Inside the booming collectible market for sneakers

Dec 15, 2016
It's a red hot market, with investors and collectors alike.




Limited edition sneakers are popular but they also have a troubled past. A close up of artist Gary Simmons's 1193 piece Lineup at the Whitney Museum of art where sneakers, dazzlingly presented in metallic gold, are placed against a police line up chart. 






 
Sally Herships/Marketplace

Hackers hit Yahoo again in largest data breach ever

Dec 15, 2016
Yahoo users list many reasons to stay loyal.
 

 
Justin Sullivan/Getty Images

A global selloff in bonds, and a Fed interest rate hike that could hit sub-prime borrowers hardest

There’s been a big selloff worldwide in bond markets since the Fed’s decision yesterday to hike interest rates. The yield on government bonds rose sharply in Germany, the U.K., Australia and Japan. In China bond futures fell so much exchange authorities halted trading of those securities. In fact, yields on long-term U.S. Treasuries have been […]
Traders on the floor of the New York Stock Exchange during the afternoon of January 27, 2016 in New York City. 
Andrew Burton/Getty Images

Department store gift wrapping is a thing of the past

Dec 15, 2016
Many department stores no longer offer free gift wrapping services because it isn't cost effective.
Flickr

Gatlinburg looks to holiday tourism as it recovers from fire

Dec 15, 2016
City's mayor asks those who want to help to "come and visit us."
In Gatlinburg's sister city, Pigeon Forge, a Yuletide-themed hotel called Inn At Christmas Place has had to reassure patrons that the building is fine. Pigeon Forge escaped the worst of the fire.
Meribah Knight/WPLN

Today we’re tracking the fallout of the Fed’s rate hike decision through the global bond market. Plus, after learning earlier this year half a billion Yahoo users were hacked, and the revelation another billion were hacked in 2013 — who still uses Yahoo anyway? Finally, we’ll look at the economics of gift wrapping and the secondary market for sneakers.

Music from the episode

Chartreuse Capital Cities
Girlfriend Phoenix
Got Your Money (feat. Kelis) Ol' Dirty Bastard, Kelis, Rich Travali

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