Marketplace All-in-One

This Juneteenth, we're checking in on the state of higher education among Black Americans. In 2024, the percentage of Black adults in the U.S. over the age of 25 who’d earned a bachelor's degree or a higher credential hit nearly 28%. That’s almost double what it was in the year 2000. Will the anti-DEI era change that trend? Then, brands have been spending big to reach U.S. Latino audiences during the World Cup.

Meta responded to plummeting morale this week with a pledge to do better with company snacks. Plus, the new AI augmented reality smart glasses everyone's talking about, and not in a good way. But first, SpaceX is acquiring the AI coding startup Cursor a week after it's IPO took off like a rocket.

The company hit a $2.5 trillion valuation at one point, but has dropped since then. Marketplace’s Meghan McCarty Carino spoke with Paresh Dace, senior writer at Wired, to learn more.

Kevin Warsh held his first press conference as Fed chair on Wednesday, and — unlike his precedessor — did not say what the central bank plans to do next. Despite his tight lips, markets read between the lines and predict a rate hike is coming soon. In this episode, why Warsh is rewriting the Fed’s communication style, and how it could alter the economy. Plus: Jobless claims tick down a bit, GPS shapes global infrastructure, and RV owners struggle to sell their vintage digs.

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Read today’s stories:

Unemployment is still low, but so is hiring
Fed Chair Kevin Warsh is trying to keep his options open. Investors are parsing his words anyway
GPS is a pillar of the global economy, and it's also pretty vulnerable
Used RV sales are up, but many large, older rigs are sitting on lots for months

While the Federal Reserve voted to keep interest rates steady yesterday, the path ahead for rates is far from certain. One big factor is artificial intelligence, which new Fed Chair Kevin Warsh thinks can help workers produce more, adding to the supply of whatever a company makes with the same resources. Today, we'll unpack the argument, then paint a picture of the labor market and dig into energy lessons from the 1970s.

The company behind the new electric Slate vehicle — which has a somewhat rudimentary, Tonka-truck-like frame — is highlighting its simplicity and affordability. Next week, we’re going to learn just how affordable it really is. And while some of Slate’s marketing is geared toward rural and working people, the reality is that driving EVs in those areas can still be a challenge. Then, Hollywood is backsliding on diversity, but that's not true for audiences.