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Podcasting took off in a big way in 2015. But just eight years later, waves of layoffs and cancellations have made the future of the medium uncertain. In this episode, we’ll explore why podcasts are tricky to monetize, what the future of the industry could look like and how public radio fits into the whole thing — with help from “On the Media” correspondent Micah Loewinger. Plus, restaurants shed jobs, the gender gap in science and tech persists and supply chain logistics are stabilizing.
Despite all the angst over the national debt limit, extensions and last-minute compromises aren’t unusual — since 1960, Congress has fought over the debt ceiling 78 times. Although the U.S. has never defaulted, there have been consequences. In this episode, why debt ceiling battles haunt the nation’s credit rating. Plus, the financial strain on regional theaters across the country, as told by Danny Feldman, head of the Pasadena Playhouse.
Seventeen percent of Spotify employees were laid off today in the company’s third round of layoffs this year. CEO Daniel Ek says a major reason for staff cuts is that capital has “become more expensive.” But how can money suddenly cost more? In this episode, why companies that grew by borrowing a bunch are scaling back in a high-interest-rate environment. Plus, gold isn’t the stable investment some think it is, 3D-printed houses could aid the affordable housing crisis and going splitsies on dinner is now en vogue.
Over half of major retailers now have a “return-less” refund policy — aka, they’ll pay you to keep not-quite-right items — according to a goTRG report. Returns cost retailers a lot, so why take stuff back? In this episode, big-box stores are adopting this practice (but not necessarily advertising it). Plus, the “endless shrimp” offer tanks Red Lobster profit, farmers try to monetize carbon-trapping agricultural methods and the manufacturing sector shrinks.
People in cities have, on average, made more money than people in rural parts of America for decades. Now, that disparity seems to be widening. In 2023, urban dwellers are making 23% more than rural ones, compared to 20% more before the pandemic. In this episode, why inflation, telework and higher education all play into the urban-rural wage gap. Plus, more older Americans are still paying off their mortgages, ESG investing goes under the microscope and global markets don’t quite believe OPEC+.
The United Nations’ climate change conference kicks off tomorrow in Dubai, United Arab Emirates, where tens of thousands of global leaders, experts and activists will discuss how to reduce greenhouse gas emissions. However, the host country’s main export is fossil fuels and the host of the event is CEO of the Abu Dhabi National Oil Co. In this episode, could conflicting interests stall progress in the transition to renewable energy? Plus, hybrid and electric vehicle sales ramped up while overall consumer spending slowed down in Q3.
We’ve been talking about making an economic “soft landing” for over a year — but how will the Federal Reserve know we’re there? In this episode, Chicago Fed President Austan Goolsbee tells us what indicators he looks at to gauge inflation trends and why cooling the economy is sorta like cooking a turkey. Plus, we’ll answer some business world questions: How is the chemicals sector doing after a pandemic boom? Why are corporate profits trending down? What does a board of directors do?
After a yearlong slump, the World Trade Organization said the volume of global trade in goods is set to rebound in the coming year. Leading the charge will be auto parts and electronic components, the WTO said, particularly because demand for electric vehicles is high. In this episode, what it’ll take for global trade to return to pre-pandemic levels. Plus, retailers need those holiday discounts to draw customers, utility companies test out geothermal networks and newly built homes drive the homebuying market.
Americans will drop $37 billion online this long holiday shopping weekend, according to Adobe Analytics. A lot of those consumers are counting on free, easy returns if their items don’t work out, but retailers are unhappy with how much that process costs. In this Black Friday episode, whether stores will ever shrink that return window or go back to charging you for changing your mind. Plus, noisy workplaces, the cookie decoration business and Queen Nefertiti, the original beauty influencer.
It’s not just you: The holiday shopping season really did start sooner this year. Retailers are competing for consumer dollars with sales and discounts, early and often. Plus, tomorrow is one of retailers’ favorite holidays: Black Friday. But the lines between in-store and online shopping are blurring. Later, we hear about post-breakup splurges and healthier habits for night shift workers.
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