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In-depth focus on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. The only national daily business news program originating from the West Coast, Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance.

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U.S. lagging behind in race for tech supremacy

3 hours ago

There's a worldwide race for tech dominance, a race that ranges from nanotechnology to quantum computing. China has an explicit policy to be the world's leader in artificial intelligence, while Israel spends more of its GDP on research and development than any other country. Where does the United States fit into all this? According to Robert Manning, a senior fellow at the Atlantic Council who has been following this race, the U.S. has a lot of catching up to do. 

Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund. What effect will this have on the South American nation’s economy?

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(U.S. Edition) Today, Washington will be host to hundreds of companies testifying about the Trump administration's plan to impose roughly $200 billion more in tariffs on goods from China. Most economists are seeing this as a bad move for the nation's economy, according to a survey from the National Association for Business Economics. Also, commuters from New Jersey heading into to new are bracing for hard times as this morning marks the start of construction-related lane closures heading into the Lincoln Tunnel. During rush hour, about 10,000 cars an hour move through the tunnel.

Rosé is becoming a year round trend

5 hours ago

Rosé wine was long dismissed by wine buffs as cheap and cheerful. But the popularity of rosé is surging in the U.S. where sales doubled in 2017. The biggest rosé region is in Provence, France. The French still tend to drink rosé in summer but a survey by U.K.-based consultancy Wine Intelligence says most Americans now say it’s good all year round. 

Few Chinese citizens have credit cards or any sort of credit history. But the country has started incorporating more credit into its economy and culture, and the government is working on a way to measure creditworthiness for both businesses and individuals. Its plan? A social credit score. The idea is akin to the American FICO system in that it's a financial record of whether you paid your bills or traffic tickets.

(Global Edition) From the BBC World Service … Greece exits its third bailout today, but not everyone is celebrating 10 years after a financial crisis brought the country to its knees. Then, in Venezuela, inflation could reach 1 million percent by the end of the year as residents deal with sky-high inflation and economic hardship. Today, the country is taking five zeros off its currency in an effort to alleviate some of the pain. Afterwards, efforts to reduce plastic pollution are underway in many parts of the globe, but in Australia, some groups have been experiencing bag rage.

There’s a dance called earnings season that happens in the corporate world every three months. Public companies are required to open their books and add up all those debits and credits so that investors, analysts, and the media can comb through their financial statements. President Donald Trump on Friday said he’s asked the Securities and Exchange Commission to study canceling two of these dances, dropping the reporting requirement from quarterly to semiannually.

Netflix and Amazon are rushing to sign writers, directors and showrunners for multiyear, multimillion-dollar deals. The latest: Netflix confirmed that it has inked a deal with Kenya Barris, the creator of the ABC sitcom "Black-ish." So what are these streaming companies going after with all the money they're spending?

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So ... you ever record anyone at work?

Aug 17, 2018

No judgement if you did. Verbally promised promotions can go up in a poof of smoke and proving a boss or co-worker is abusive is a lot easier when you have solid proof. But there are a few things you should think about before you hit that record button. Then: Public transportation doesn't cost a lot of money, but for people who rely on it to get to work, transit can cost a lot of time. We'll look at "time poverty" and how it affects American workers. Plus, we do the numbers on the streaming TV arms race.

To record your co-worker, or not to record?

Aug 17, 2018

Some co-workers are absolutely bat**** crazy. Some bosses are horrifically abusive. Some office mates make promises or promotions verbally that they “don’t remember” later. 

These are all reasons people give for making secret recordings in the workplace.

“Honestly, at first I was just recording them because I would come home and I would talk to my roommate about these things happening at work, and she was like, ‘No, there’s no possible way that happened,’” said Jessica, whose full name and occupation we aren’t using because she fears professional retribution.