Marketplace

The latest BLS data put real hourly wage gains at -0.3% last month, compared to last year. That’s thanks to inflation running hotter than pay raises. To make up for it, some workers are putting in extra hours or dipping into their savings. In this episode, how much longer can Americans cope with what are effectively inflation-driven pay cuts? Plus: The gender wage gap slows economic productivity, housing starts grow in the Northeast as they fall elsewhere, and we weigh the possible outcomes of next week’s FOMC meeting.

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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.

Read the stories in today’s episode:

Last call for Fed rate predictions
Inflation has devoured pay gains over the past year
Why the gender pay gap holds back productivity
Retiring at age 37 to give back to the community
Housing starts are down in most of the country. Here's why the Northeast is the exception

Oil industry analysts were hopeful earlier this year that Trump’s war in the Middle East would be short-lived. But it’s become clear that an open flow of oil through the Strait of Hormuz will require sustained cooperation between the U.S. and Iran. S&P Global now expects dampered production and choppy prices to continue into 2027. Also in this episode: Trucking costs are pushed up by record-breaking diesel prices and a shortage of English-speaking drivers. And, is it a good idea to use AI to develop pharmaceutical drugs?

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.

Read the stories in today’s episode:

The oil roller coaster reaches new heights — and it's a bumpy ride ahead
Trucking costs are rising fast. That could mean even more inflation for consumers
This audio affects business is still waiting on tariff refunds
How this Georgia factory is surviving America's solar policy whiplash
If AI helps speed up drug development, can the FDA keep up?
The construction manager who quit his 9-to-5 to build something for himself

Healthcare affordability is top-of-mind for many Americans right now. And for a long time, state legislators’ only avenue for easing that burden was through care subsidies. But what about looking at the problem from a whole new angle? In this episode, two states, unalike in their political leanings, try out healthcare price caps. Plus: Rising oil prices push up short-term bond yields, more homebuyers look into adjustable-rate mortgages, and we try to predict Fed Chair Warsh’s next move.

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.

Read the stories in today’s episode:

High oil prices are pushing up short-term bond yields
What will Kevin Warsh do? He's not telling
More states are trying price caps to tackle healthcare affordability
As mortgage rates rise, some homebuyers are choosing adjustable-rate loans
Owning a home with a friend means learning how to talk about money

Canada levied a range of tariffs on U.S. goods Tuesday, escalating an ongoing trade war launched by President Donald Trump. It isn’t the first time the two countries have tiffed over trade, but it is, by at least one historian’s estimation, unprecedented. In this episode, we trace the neighboring nations’ historic partnership, and weigh what’s next. Plus: Small business owners report mixed economic outlook, ChatGPT recommends a made-up deodorant brand, and Monterey Park, California, models community-led data center resistance.

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.

Read the stories in today’s episode:

The U.S. and Canada have had trade spats before, but this one might be different
This California city became a model for resisting data centers
Small business owners have mixed feelings about the economy
How a fake deodorant brand got recommended by AI
Brick-and-mortar bookstores are back

Prices are rising faster than average wages in this economy, and many Americans have turned to credit to keep up. They are paying it off for now, but what happens if the Fed raises interest rates later this month? Also in this episode: Artificial intelligence appears to be the cause of some job cuts in the finance sector, business owners along Spain’s Camino de Santiago report busier foot traffic — for better and worse — and the Mexican government rolls out a line of small electric cars.

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.

Read the stories in today’s episode:

Consumers turn to credit as prices rise
As finance and insurance lose jobs, AI gets most (but not all) of the blame
This activewear brand says tariffs are still taking a toll
Mexico launches its own electric car to show it can do more than build for other countries
A former firefighter reflects on life — and money — as a stay-at-home dad
How a 1,200-year-old pilgrimage is reshaping local economies in Spain