In a word: uncertainty. Retail chains like Target are pulling back on hiring temporary workers ahead of this year’s holiday shopping season as tariffs take their toll, consumer sentiment slumps, and little government data leaves them with little guidance. We’ll hear more. But first: there’s a lot riding on Nvidia results, and investors are split on predictions for the Fed’s next rate decision.
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Shock, frustration for those losing ACA subsidies
Some 24 million people buy health insurance through the Affordable Care Act marketplace. But subsidies and tax credits that have made these plans more affordable for the past few years are expiring, and the cost of health insurance is likely going to double, on average, for those losing subsidies. How do you plan for that? Plus, a Cloudflare outage took down sites yesterday, and tensions between China and Japan escalated.
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US issues apology for Hyundai immigration raid
From the BBC World Service: The chief executive of the South Korean firm Hyundai said that the White House phoned him personally to apologize for an immigration raid at a massive battery factory in Georgia in September. More than 300 South Korean workers were detained and later sent back to South Korea, stoking tensions between the two nations. Plus, China has imposed a ban on all imports of Japanese seafood amid a growing dispute between Asia's two biggest economies
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This school trains the workforce behind China's automated factories
China recently came out with its latest five-year plan for growth, which will guide the world’s second largest economy through 2030. In it, top Communist Party leaders have pushed to boost the country's strength in manufacturing to the next level by upgrading older factories with advanced technologies for automation.The challenge, according to the Chinese ministry of education, is that the sector has tens of millions of open jobs because there aren't enough skilled workers in the labor force to fill them.One school is trying to bridge that gap. Marketplace China correspondent Jennifer Pak visited it in Nanjing city.
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Rural hospitals were already short-staffed. Then came Trump's H-1B visa fee
The White House’s $100,000 fee on new H-1B visa applications is adding extra pressure to health care systems in rural and low-income areas. Historically, the visa has been a critical pipeline for skilled health workers in hard-to-staff settings. Affected hospitals are already feeling the added strain. Also in this episode: A bitcoin downturn won’t just hurt crypto bros, Panera announces an overhaul amid floundering fast-casual sales, and the EV market soldiers on, despite sunsetted tax subsidies and emissions regulations.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.
Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media.
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