Marketplace All-in-One

The Bureau of Labor Statistics released the final consumer price index reading for 2025 this morning. Spoiler alert: Inflation is still too high. Prices were up 2.7% from the year before and up 0.3% between November and December. This morning, we'll unpack. Plus, President Donald Trump wants to cap credit card rates at 10%. What consequences would there be for consumers and banks? And: inside a quantum computing site in Santa Barbara.

President Donald Trump said on social media that he is imposing a 25% tariff on goods from countries “doing business” with Iran in response to Iran's government imprisoning and killing protesters. The countries that buy Iranian oil include India, Turkey, and China. We'll also share predictions for December's consumer price index. Plus, could the biggest economic risk to the U.S. in the year ahead be the U.S. itself?

From the BBC World Service: There's mounting pressure on Grok — the AI chatbot that's part of Elon Musk's social media platform, X — over the generation of explicit images. The U.K. is rushing through a new law making it illegal to create nonconsensual intimate images; meanwhile, Indonesia and Malaysia have already blocked access to Grok. Then, the race is heating up to build the most powerful quantum computers. We visit one of the biggest players, Google's quantum lab in California

Much like graphics processing units, high bandwidth memory is essential for training and running AI. It's paired with all those NVIDIA chips that have been selling like hotcakes and only a small handful companies in the world make it. Now the surge in demand from data centers has created a global shortage for everything else — the PCs and smartphones and other consumer electronics that also use memory chips. Marketplace’s Meghan McCarty Carino spoke with Tom Mainelli, vice president of device and consumer research at IDC, about how long this shortage could last.

The Department of Justice has opened an investigation into the Federal Reserve and Chair Jerome Powell, a move Powell has since called "an unprecedented action [that] should be seen in the broader context of the [Trump] administration's threats and ongoing pressure" to lower interest rates. We take a closer look at what’s happening from inside the Fed, and look at the implications for the economy as a whole. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.