Apr 2, 2024

“This is the time to be a saver”

Mandel Ngan/AFP via Getty Images

What Fed rate cuts would mean for high-yield savings accounts and CDs. Plus, how a TikTok ban could affect beauty and fashion brands.

Segments From this episode

Small businesses have Now Hiring signs up — whether they need workers or not

by Justin Ho

Apr 2, 2024

So government stats on job openings may not be telling us much.

Frankesha Watkins, who owns a beauty supply store, said she always keeps a job listing posted because high turnover among her staff creates frequent openings.

Alexi Rosenfeld/Getty Images

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Baltimore Bridge Collapse

Who will pay for the Key Bridge collapse?

by Sabri Ben-Achour

Apr 2, 2024

The Baltimore disaster may become the largest marine insurance loss ever. About 100 insurance companies are reportedly involved.

Roughly 100 insurance companies are involved in the Baltimore disaster, said Nadja Dreff with Morningstar.

Jim Watson/AFP via Getty Images

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Companies are rerouting cargo after Baltimore bridge collapse

by Sean McHenry

Gretchen Blough, a customs broker at Logistics Plus in Erie, Pennsylvania describes how the closure of the Port of Baltimore is affecting business.

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How would interest rate cuts affect your high-yield savings account?

by Samantha Fields

Apr 2, 2024

With the Federal Reserve signaling it plans to cut rates up to three times this year, interest payments, and interest charges, are likely to drop.

While there are upsides for consumers when interest rates come down, high-yield savings accounts will likely offer lower rates too. Above, Federal Reserve Chair Jerome Powell.

Chip Somodevilla/Getty Images

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Affordability is key for the latest wave of car shoppers. Can carmakers keep up?

by Savannah Maher

Apr 2, 2024

Many companies have focused on building more expensive SUVs and fewer affordable compact cars. That's causing a mismatch with current demand.

“Even now, though, a monthly car payment can be well over $700. Which is obviously a pretty large monthly expense for a household,” says David Whiston, an auto analyst with Morningstar.

Brandon Bell/Getty Images

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A TikTok ban would be bad news for the beauty brands that advertise on it

by Kristin Schwab and Sofia Terenzio

Apr 2, 2024

A lot of brands don't seem to have a backup plan, says Jordan Holman of The New York Times. The platform is where "they need to be."

These days, TikTok is "the most formidable way that people are selling products," says Jordyn Holman of The New York Times.

Michael M. Santiago/Getty Images

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Music from the episode

"Heartbeats" The Knife

"Blue Clouds" Modeselektor

"Diving Woman" Japanese Breakfast

"Autumn Sweater" Yo La Tengo

"Kamikaze" MØ

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Sofia Terenzio Assistant Producer

Jordan Mangi Assistant Digital Producer

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