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The class of 2008 offers advice to the class of 2018

5 hours ago

Ten years after they graduated during the Great Recession from the University of Central Arkansas, several alumni returned to campus for a roundtable with graduates from the class of 2018. The returnees, now in their 30s, talked about making far less in their first jobs than they’d anticipated. Some moved around a lot early on in their careers – which studies suggest is a better way to boost wages – whereas others stayed put and chose to be more risk-averse during the economic downturn. The most common advice heard at the roundtable: take what you can get in your first job.

The United States Supreme Court handed down several rulings today — one in particular has a pretty good chance of affecting you. The court said today that employers can indeed force employees into individual arbitration to resolve workplace disputes. Specifically, arbitration agreements that bar employees from participating in class-action lawsuits. Workers’ rights group say the ruling is detrimental.

Click the audio player above to hear the full story. 

Congress weighs changes to foreign investment oversight

17 hours ago

In 1975, President Gerald Ford created a committee to oversee foreign investment in the United States. His executive order was prompted, in part, by significant inflows of oil money from places like Saudi Arabia and Iran to buy U.S. companies, said Matthew Baltz, a professor at Bucknell University.

But for its first decade, the Committee on Foreign Investment in the United States, known as CFIUS, didn’t have much bite.

How Theranos, a Silicon Valley star, came tumbling down

17 hours ago

In October 2015, an investigative reporter for The Wall Street Journal named John Carreyrou stumbled across a pretty amazing story. The technology behind the much lauded biotech startup, Theranos ... well it didn't work, at least not in the way its founder, Stanford drop out Elizabeth Holmes, had said it did.

U.S. pauses China tariffs but deal has its shortcomings

18 hours ago

The reason the United States is pausing tariffs on China for now appears to be a promise from China that it will increase its imports from the U.S. — primarily agricultural and energy products. That would presumably help — at least in the short term — to reduce the U.S. trade deficit with China, which was $385 billion in 2016 according to the U.S. Trade Representative. And that would be a good thing, right? 

Click the audio player above to hear the full story.

The trade war is on hold — for now

19 hours ago

After two days of trade talks in Washington and a high-level trip earlier this month, China and the United States have announced a truce in the simmering trade war, with U.S.-imposed tariffs on hold. We'll spend some time a the top of today's show recapping how we got here, what's settled and what's not. Then: We'll talk to the reporter who wrote the book on the failed blood-testing startup Theranos and the "scorched earth" tactics it took to cover up fraud.

Uber is changing how it deals with sexual harassment and assault claims. Employees, drivers and riders will no longer be forced into arbitration, a process that critics say often favors corporations. The decision comes after survivors of alleged assault by Uber drivers pushed the company to let their cases go to court. Rival Lyft quickly scrapped its binding arbitration agreements, too. And both companies said they will no longer require that settlements of misconduct claims be kept confidential. The changes are part of Uber’s campaign to restore public trust.

Have you used a genetic testing service to take a peek into your ancestral background? One of those direct-to-consumer products that tells you about your family's history and health? A service like 23andMe, Ancestry or National Geographic's ancestry test?

If so, we want to hear your story.

Marketplace is working on upcoming coverage related to how genetic testing plays out for people of color.

So, you're graduating into a financial crisis ...

23 hours ago

Back in 2009 and 2010, college students were graduating into the worst economy since the Great Depression. Unemployment had risen from 5 percent in December 2007 to 9.5 percent in June 2009, when the recession technically ended, and was 9.6 percent for 2010. So what do you say to students facing a labor market full of cutbacks and uncertainty?

It’s tough to be in the processed food business these days. The abrupt departure of the Campbell’s CEO after a bad quarterly earnings report highlights how difficult it is for these companies to shift their identities, with consumers seeking foods they consider healthier. How are processed food companies responding?

Click the audio player above to hear the full story. 

There’s been a little bit of confusion these past couple days on how trade talks with China are going. U.S. officials told CNN that China had offered to bump up purchases of American goods by $200 billion. Chinese officials said that's not true. The Trump administration believes that the trade deficit with China could be brought down if China were to buy that much more worth of American goods. It’s something the president is focused on even though most economists say he shouldn't be. 

Click the audio player above to hear the full story. 

What happens when three big companies invest in an apology? Facebook, Uber and Wells Fargo have launched apology campaigns in the past several weeks. They’re all trying to regain the trust of their customers for scandals that have included data hacking, sexual harassment, and overcharging. But is an "I’m Sorry" ad effective?

Click the audio player above to hear the full story. 

So, what's going on with trade again?

May 18, 2018

We're talking NAFTA. We're also talking tariffs. And China. And trade deficits. Leigh Gallagher from Fortune Magazine and Dion Rabouin from Yahoo Finance join us for the Weekly Wrap to talk about the unforeseen consequences of U.S. trade policy and the latest on the 10-year Treasury note. Also on today's show, we get into the Trump administration's attempt to get China to buy more goods from the United States. Trump wants to lower the trade deficit with Beijing, but is buying more American goods going to solve the problem? We also take a look at apology ads.

Recommended reading for recent college grads

May 18, 2018

(Markets Edition) The Trump administration plans to propose a new rule that would bar abortions at facilities that receive federal family planning funds. On today's show, we'll look at what this could mean for organizations like Planned Parenthood. Afterwards, amid news that the U.S. benchmark interest rate eased back a bit this morning, we'll discuss whether this is cause for alarm. And then to cap off today's show, we'll talk about the best personal finance books for recent college graduates. (05/18/2018)

Globalization has been touted as this inevitable, unstoppable force. But as the U.S., China and other major economies flex their muscles over trade, is this assumption all wrong?America has a long history of global trade and a varied one. Our economy has swung widely from protecting our very first industries with subsidies and imports to brokering global deals that open borders and lift trade barriers. It's not pure economics that dictates our trade relationships; it's politics and social context, too. Who’s gained from open borders and who's lost?

Land accounts for 80 percent of farm assets according to the Department of Agriculture. So farmers are using their land as collateral to face low commodity prices, but the amount of production that farmers need to service their debt is rising. 

Click the audio player above to hear the full story. 

It's tough out there for farmers

May 18, 2018

(U.S. Edition) The U.S. and China are hard at it to work out a trade agreement. One potential idea floating around: a $200 billion trade surplus package from Beijing. We'll chat with a former Treasury Department official about how big this offer is in the grand scheme of things. Afterwards, we'll look at the financial troubles many farms in the U.S. are facing. Many are using their land as collateral against loans to keep operating. (05/18/2018)