May 5, 2023

Meet the folks prepping for an AI economic revolution

Lintao Zhang/Getty Images

If you thought artificial intelligence would radically alter the world, would you change how you live? Plus, the jobs report that's "defying gravity."

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The Weekly Wrap

When will the Federal Reserve’s rate hikes be felt throughout the broader job market? And when will the debt ceiling debacle be felt by the stock market? Marketplace host Kai Ryssdal, The Washington Post’s Heather Long and Bloomberg’s Kate Davidson discuss.

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Banks in Turmoil

Here's why the U.S. has so many banks

by Kristin Schwab

May 5, 2023

Deregulation has allowed lenders to operate across state lines, making it easier for banks to merge when they’re in trouble.

"Banking in this country is way more restrictive than in any other of the industrialized countries," says Richard Grossman, an economics professor.

David McNew/Getty Images

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Banks in Turmoil

Have short sellers been tanking bank stocks? Group wants SEC to investigate

by Kimberly Adams

May 5, 2023

Short selling's legal. Misrepresenting a firm's finances for profit isn't.

Short sellers bet against First Republic Bank. The American Bankers Association is urging the Securities and Exchange Commission to see if market manipulation was involved.

Justin Sullivan/Getty Images

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The insurance industry is hiring

by Stephanie Hughes

May 5, 2023

Insurance is a growing field right now. Severe weather and widespread worry are among the reasons.

Adverse weather is one reason the insurance industry is booming. For instance, insurers need adjusters to examine the damage caused by floods and tornadoes.

Michael B. Thomas/Getty Images

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How AI true believers are preparing for an economic revolution

by Matt Levin

May 5, 2023

For some who think artificial intelligence will rapidly transform society, saving for or staying in college feel pointless. So do 401(k)s.

Office workers in the metaverse. Joshua Clymer of the Center for AI Safety thinks there’s a high chance that artificial intelligence will replace most jobs in the next 20 years.

XH4D/Getty Images

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Music from the episode

Battlefields Misun

The Bridge Emancipator, Lapa, Frameworks, Tor

Sister Owls Monster Rally

The World is Ours Funky DL

Daydream Eli Way

Kill the Lights Alex Newell

The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

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