Marketplace from APM

Mon-Fri 6:30PM – 7PM
  • Hosted by Kai Ryssdal

American Public Media's Marketplace presents news on business, economics, and money for the rest of us.

More info on Marketplace

Donna Karan leaves behind a fashion legacy

12 hours ago
Kai Ryssdal and Daisy Palacios

Over the last two decades, Donna Karan International has been one of the biggest brands in the fashion industry. Founder and chief designer Donna Karan announced on Tuesday that she was leaving her namesake company to focus on other projects.

Fashion journalist Kate Betts says that Karan has left a clear impact in the world of fashion.

“She designed for women in a way that was very sensuous and much more feminine than previous looks for women,” Betts says.  “It was a revelation for many professional women.”

Marketplace for Wednesday, July 1, 2015

13 hours ago

Airing on Wednesday, July 1, 2015: Puerto Rico is in dire financial straits.  So what, you might shrug. Well, if any of your money is invested in a municipal bond fund, you might own Puerto Rican bonds, and they could take a hit. Marketplace's Adam Allington finds out who’s vulnerable. Next: Speaking today in Tennessee, President Obama will try to court conservative states to expand Medicaid under Obamacare. We unpack his sales pitch on using federal dollars to help states’ bottom lines.

The Obamacare sales pitch

13 hours ago
D Gorenstein

It’s been almost a week since the Supreme Court’s momentous ruling that further cements the Affordable Care Act as the law of the land, and Wednesday President Barack Obama flew to Nashville, Tennessee, to talk about health care.

While some consider this a bit of a victory lap, the president’s choice of Tennessee suggests it’s much more of an overture.

Checking in with the secretary of commerce

13 hours ago
Daisy Palacios and Kai Ryssdal

From the Export-Import Bank to the Trans-Pacific Partnership deal, a lot has been happening in the commerce world. We sat down with Secretary of Commerce Penny Pritzker to discuss the latest commerce news.

The Export-Import bank officially closed Tuesday — a move Pritzker wants reversed. 

“We need to re-establish and reauthorize the Export-Import Bank. This is a critical tool to keep U.S. businesses competitive in the global economy," Pritzker says.   

U.S. investors could take a hit on Puerto Rican bonds

14 hours ago
Adam Allington

The tiny island of Puerto Rico, the U.S territory in the Caribbean, is being called “America’s Greece” by some.

Like Greece, Puerto Rico has more debt than it can pay back, upwards of $70 billion, and now it’s asking its creditors for a restructuring of that debt.

Unlike Greece, Puerto Rico isn’t talking about abandoning the dollar, but U.S. investors do stand to take a sizeable hit if the territory defaults on its loan obligations.

Sports contracts can pay more when they pay later

15 hours ago
Jeff Tyler

Just like the lottery, sports contracts can pay more when the profits are spread out over time. For example, let’s consider two of, arguably, the most bone-headed (or brilliant?) sports contracts of all time. The deal to fold the St. Louis Spirits has been called one of the best sports deals of all time. The contract has been so profitable that it’s used as a textbook example by business school professors. During basketball season, the deal inspires sports reporters to ask, “Would you believe a team that doesn’t exist still makes $17 million a year?”

Ford and Chrysler sales kicked into gear for June

21 hours ago
Mark Garrison

Two of the Big Three American automakers — Fiat Chrysler Automobiles and Ford Motor Co. — are reporting nice gains in their June sales, according to numbers out Wednesday. A stronger job market and easy access to credit are spurring many Americans to trade up from the older cars in their garages.

But that’s not the only reason carmakers are happy these days. A booming housing market is also a factor: contractors are breaking ground on more homes, which means they’re buying more trucks.

PODCAST: The strong dollar

23 hours ago
David Brancaccio

With emergency funding drying up, the Greek government sends a letter to creditors saying it might accept terms of a bailout. More on that. We'll also talk to Allan Sloan of the Washington Post about how the strong dollar is ironically helping U.S. businesses.

David Brancaccio

Airing on Wednesday, July 1, 2015: Greece's prime minister has reportedly sent a letter to the European Commission agreeing to most of Europe's conditions for a financial bailout. We'll talk to Elena Panaritis, chief economic adviser to the Greek Ministry of Finance, for more. Plus, starting Wednesday, career and vocational programs are facing tougher regulations that have been years in the making. The new so-called “gainful employment” rule is meant to crack down on programs that load students up with debt for courses that don’t lead to decent jobs.

Amy Scott

Starting Wednesday, career and vocational programs are facing tougher regulations that have been years in the making. The new so-called “gainful employment” rule is meant to crack down on programs that load students up with debt for courses that don’t lead to decent jobs. The rules especially target for-profit colleges, which often make close to 90 percent of their revenue from taxpayer dollars.

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