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Business news

Saudi Arabia is pushing for the biggest ever IPO

Apr 26, 2016
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JaeRan Kim

Saudi Arabia has begun releasing information on its ambitious plans to reform its economy away from oil dependence. Part of the plan includes offering up shares of state-owned oil company Aramco in what could be the largest-ever initial public offering. 

Though less than 5 percent of the company would be sold, such an offering would be expected to bring at least $100 billion. 

Marketplace Tech for Tuesday, April 26, 2016

Apr 26, 2016
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Marketplace

On today's show, we'll talk about online campaign fundraising with BuzzFeed's Evan McMorris-Santoro; America's industrial technology landscape; and Twitter earnings. 

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Marketplace

On today's show, we'll talk about why Saudi Arabia plans to weaken its dependence on oil, and the fall of Mitsubishi's stock amid an emissions scandal.

Teaching personal finance at high schools

Apr 25, 2016

On today's show, we'll talk about Obama's push for the Transatlantic Trade and Investment Partnership (TTIP) deal; the benefits of providing tuition reimbursement to your employees; and a Minnesota personal finance competition for high school students.  

Employers who help pay for tuition reap the rewards

Apr 25, 2016
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Mark Garrison

A new study says company-provided tuition assistance creates a big return for those companies, not just the employees upgrading their education.

In an analysis of the tuition reimbursement program at the health insurance company Cigna, a Lumina Foundation study said the insurer realized a 129 percent return on its investment in tuition reimbursement, in the form of personnel cost savings.

“We are definitely more likely to retain people if they’ve participated in the program,” said Karen Kocher, Cigna’s chief learning officer.

If I say it's artisanal... maybe it is

Apr 25, 2016
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Annie Baxter

Over the past few years, the word “artisan” has appeared on a growing number of mass-produced items — McDonald's "artisan grilled chicken sandwich" being but one example.

There are no rules dictating proper use of the term. For some people, it has become so overused as to lose its meaning.

A couple years ago, the research firm Canadean surveyed consumers about what they think “artisan” means. The greatest share, nearly a quarter, said they didn’t know. Others associated it with authenticity and features like a unique taste, high-quality ingredients or being “handmade.” 

The Fed still planning interest rate hikes — but when?

Apr 25, 2016
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Mitchell Hartman

The Federal Open Market Committee meets Tuesday and Wednesday to discuss the state of the economy, and to decide whether and when to raise interest rates again.

After pushing the federal funds rate to near zero (0 to 0.25 percent) in 2008 to try to blunt the impact of the Great Recession and stimulate the economy toward recovery, the Fed has now raised rates once, in December 2015, by 0.25 basis points. Federal Reserve Chair Janet Yellen has signaled that more rate hikes are in the cards, but has not indicated precisely when that will happen.

Marketplace Tech for Monday, April 25, 2016

Apr 25, 2016
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Marketplace

On today's show, we'll talk about the success of Apple's apps; chat with the CEO of SecureWorks, the first tech IPO of the year; and look at Prince's protected legacy in the digital space.

On today's show, we'll talk about the number of people filing for unemployment benefits; China's new guidelines for it peer-to-peer and crowdfunding sector; and mutual funds.

China cracks down on Internet finance sector

Apr 21, 2016
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Rob Schmitz

The People's Bank of China has announced strict new guidelines for the country's ballooning peer-to-peer (P2P) and crowdfunding sector, a popular but unregulated part of China's economy. One reason? Climbing property prices.

Despite an overall slower growth economy in China, we’ve been seeing property prices in China’s wealthiest cities climb to new heights. One of the reasons for this is that more and more Chinese home buyers are using these online lending platforms to obtain mortgage down payments on new homes.

For families, even a small amount in savings goes a long way

Apr 21, 2016
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Nancy Marshall-Genzer

A new report from the Urban Institute connects the dots between the financial health of cities and their residents. Turns out even a small nest egg can help families weather a financial emergency so they don’t have to turn to the government for help.

The report says almost a quarter of American families have no savings outside of retirement plans. It’s a real problem, according to Caroline Ratcliffe, one of the report’s co-authors and a senior fellow at the Urban Institute.

Shakespeare brand still strong after 400 years

Apr 21, 2016
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Sam Beard

This weekend, the Brits are marking a key cultural anniversary. It has been 400 years since the death of that ultimate literary icon – William Shakespeare. A feast of plays, sonnet readings and other events are planned throughout the rest of year, but this isn’t just about culture. There’s money to be made. The Bard is big business.

Marketplace Tech for Thursday, April 21, 2016

Apr 21, 2016
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Marketplace

On today's show, we'll talk about Alphabet vs. the European Union; Intel's 12,000-worker layoff; and the death of the Xbox 360. 

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Marketplace

On today's show, we'll talk about the latest development in the Volkswagen emissions scandal; how a small amount of savings can help families weather a financial crisis; and the strength of the Shakespeare brand 400 years after his death.

(This post was last updated at 6:15 p.m. EDT.)

Treasury Secretary Jacob Lew announced on Wednesday that the countenance of abolitionist leader Harriet Tubman will grace a new $20 bill.

The decision caps a public campaign asking for a woman to be placed on American paper currency and months of deliberation by the Treasury to replace either Alexander Hamilton on the $10 bill or Andrew Jackson on the $20 bill.

Metro Buses to roll on new Walmart property

Apr 19, 2016

When Walmart opens its new store in the Town of Cheektowaga Wednesday, they'll welcome many customers who rely on public transportation to get there. An agreement to allow Metro Bus access was announced on Tuesday.


Investing your way to U.S. citizenship

Apr 18, 2016

On today's show, we'll talk about the price of crude oil; why Netflix is looking for growth abroad; and the controversial EB-5 visa which grants citizenship to those who are rich enough to invest over half a million dollars in the United States. 

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Mark Garrison

Big, high-profile real estate developments in America are scooping up funding from an unusual and controversial source: foreign investors angling to become Americans. The EB-5 visa program offers a path to citizenship to those rich enough to invest at least half a million dollars here. But there’s a growing debate about the program, with fierce defenders and critics who cut across traditional partisan lines.

Netflix counts on an international audience

Apr 18, 2016
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Adrienne Hill

Netflix announces quarterly earnings on Monday. And, as always, subscriber numbers will be key.

The streaming service has more than 75 million members globally, with a majority in the U.S. 

But there's not a whole lot of room to grow here. So Netflix is counting on the international market. In early January, Netflix stormed into more than 130 countries, giving it a presence nearly everywhere — except for China, North Korea, and a couple other countries. 

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Kim Adams

Arguments start Monday in a major immigration case before the Supreme Court. It’s about the “Deferred Action for Parents of Americans” program, which would allow people who’ve been in the U.S. more than five years and have children who are in the country legally regularize their immigration status.

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Marketplace

On today's show, we'll talk about the latest development in immigration reform; the recent earthquakes in Ecuador and Japan; and criticism over U.K.'s foreign aid spending. 

Marketplace Tech for Monday, April 18, 2016

Apr 18, 2016
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Marketplace

On today's show, we'll talk about Netflix's dive into the international market; virtual reality at the Tribeca Film Festival; and the miscommunication that can arise with emojis. 

NBA jerseys are getting ads

Apr 15, 2016
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Kai Ryssdal

Just days after the NBA's regular season went out in a double-blaze of Steph Curry/Kobe Bryant glory, NBA owners voted Friday to allow ads on players jerseys starting in two years.

Weekly Wrap: China has a lot of stuff

Apr 15, 2016
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Kai Ryssdal

Joining us to talk about the week's business and economic news are the Wall Street Journal's Sudeep Reddy and Linette Lopez from Business Insider. The big topics this week: the big banks' living wills, consumer spending and Brazil's "hot mess."

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Nova Safo

The Obama administration has announced an ambitious plan to spur more competition in the economy, beginning with the set-top box.

In an executive order, President Obama said he gave federal agencies 60 days to identify sectors in the economy where the government can help stimulate competition.

The opening salvo came from the Commerce Department, which filed comments with the FCC in support of its proposed plan to open up competition in cable set-top boxes. 

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Kai Ryssdal

Segregation is a loaded word. It brings to mind different times, times that in the law have been done away with but which in reality still linger -- especially in some of our biggest cities. 

One such city, Chicago,  is the subject of Natalie Moore's new book “The South Side: A Portrait of Chicago and American Segregation.”

Moore spoke with Marketplace host Kai Ryssdal.

On how housing is the manifestation of segregation in Chicago:

Why a weakening dollar is a good thing

Apr 14, 2016

The U.S. dollar has been awfully strong against global currencies since 2014. In the past couple months, the dollar weakened a bit, though it’s still well ahead of where it was before the big climb. A strong dollar is a vote of confidence, or at least relative confidence, from the rest of the world. Global investors are putting money into America because they think it’s a better place for it than other countries. But that’s little comfort for America’s exporters, who lose revenue when a beefy dollar makes their goods more expensive abroad. That is the little reality trap the U.S.

Marketplace for Thursday, April 14, 2016

Apr 14, 2016
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Marketplace

After months of a strong US dollar, it has begun to weaken. Marketplace's Mark Garrison explains why this is actually good news for the economy; how data technology is being used to identify neighborhoods where kids are likely to be abused; and what airlines are doing to create revenue during an a decline in air travel

Here's what Microsoft's new bot thinks of Kai

Apr 14, 2016
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Kai Ryssdal

Microsoft has been churning out experiments in artificial intelligence for a while now.

Last month brought us a Twitter bot named Tay. The whole thing went sideways when the account started spewing racist and sexist nonsense. The latest, CaptionBot, is more benign and more fun.

It's pretty simple: plug in a photo and CaptionBot will try to tell describe what's in it as well as a human can.

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