Business
You don't need an MBA to make financially-wise business decisions. Listen to all the latest audio news impacting your wallet here, sourced from leading podcasts and talk radio shows.
Audioburst Playlists
Welcome to Audioburst's Business Playlist
"Welcome to Audioburst’s Business playlist. You’ll hear the latest news from the world of finance, delivered in bite-sized bursts of audio, curated from leading podcasts and talk radio shows. Now that’s economical
AP News Radio
UK inflation jumps to 10.4%, surprising analysts
"Britain's inflation rate has risen for the first time in four months in February, as high food and energy prices hit consumers battered by the nation's cost of living crisis. The Office for national statistics says that the consumer price index jumped to 10.4% in the 12 months from February from 10.1% the previous month. The figures surprising analysts who had forecast inflation would slow to 9.9%. The data is increasing pressure on the Bank of England to approve an 11th consecutive interest rate increase when it meets on Thursday, regardless of concerns about the economic impact of strains on the global banking system. The office says high energy prices have continued to squeeze household budgets. Charles De Ledesma, London
AP News Radio
Fed facing a blurrier outlook as it meets to weigh rate hike
"The Federal Reserve will announce today whether it will keep raising interest rates or declare a pause. Many economists expect the fed to announce a relatively modest quarter point hike in its benchmark rate to roughly 4.9% the highest point in nearly 16 years hiring a strong consumers are still spending and inflation is still high, but less than two weeks ago Silicon Valley bank failed on the second largest bank collapse in American history, that shock was followed by the failure of signature bank, the fed is expected to treat inflation and financial turmoil as two separate problems, raising rates to address inflation and greater fed lending to banks to calm the financial turmoil, another rate height today would be the 9th hike since March of last year. Donna water Washington
AP News Radio
Ukraine, IMF agree on $15.6 billion loan package
"The IMF and Ukraine have agreed on a new loan package to support the government's finances severely strained by Russia's invasion. The $15.6 billion deal is expected to leverage even more money by assuring other donors that Ukraine is following strong economic policies. The nation's finance ministry says the program will help to mobilize financing for Ukraine's international partners and ensure the path to post war reconstruction the government's running a huge budget deficit amid massively higher military spending, and is reliant on outside help the loan agreement also aims to support Ukraine's efforts to revamp its economy as part of its bid to join the EU. I'm Charles De Ledesma
AP News Radio
Los Angeles schools close as support staff, teachers begin 3-day strike
"It's day two of a strike by school support staff in Los Angeles. Tens of thousands of teachers aides, school custodians, bus drivers, cafeteria, and other workers have walked off the job in the Los Angeles unified school district. Today is day two of a planned three day strike. They had been joined in solidarity by teachers shutting down the nation's second largest school system with half a million students, Colorado guerrera is president of local 99 of the service employees international union, he dressed rally on Tuesday. And
The Economist: The Intelligence
Macron to defend French pension plan on national television
"Emmanuel Macron will be interviewed on national television in an effort to appease widespread and persistent anger. There have been protests in Paris Lyons, Bordeaux. They've taken to the street in anger at mister Macron's pension reform that pushes the age of retirement from 62 to 64. His fellow politicians aren't happy either. Mister Macron used a constitutional provision to push its plans through the National Assembly, without putting them to a vote. This week, his government survived not one, but two no confidence votes. But just barely. It was a much closer vote than anybody expected. The margin was just 9 votes, and that involved 19 Republicans voting against the government. Sophie Petter is The Economist Paris bureau chief so it really does reflect a level of political discontent in France about both this pension reform and the way that president Macron has gone about
WTOP 24 Hour News
ECB's Lagarde: Future rate hikes open amid banking turmoil
"Is expected to announce a decision on interest rate hikes this afternoon, and whether they'll raise them again or not amid turmoil in the banking industry. CBS News business analyst, Jill schlesinger. Right now, expectations are split. Some economists and analysts believe that the fed will pause its rate hike campaign, others think that we're likely to see a quarter of a percentage point increase more people could be charged in the death of a 28 year old man at a psychiatric hospital in Virginia. 7 deputies and three workers are already charged with second degree murder after surveillance video showed ivo otieno as he was smothered on the floor while he was handcuffed, his leg in irons. His mother, Caroline oaken. Ten monsters. Those ten criminals I was happy to hear. That they were indicted.
WTOP 24 Hour News
White Claw Upended Beer. Now It's Coming for Vodka.
"And Instagram. After upending the beer industry and turning a lot of drinkers on to hard seltzer, white claw is taking aim at the vodka business. Wall Street Journal reports the company will begin selling a line of straight and flavored vodkas, as well as canned vodka and soda cocktails. Muscle car lovers, this is your last chance. Stellantis has unveiled the 2023 Dodge challenger SRT demon one 70
WTOP 24 Hour News
Fox, Dominion face off over airing of false election claims
"Lawsuit was filed by dominion voting systems, it charges Fox with amplifying false claims that its machines changed votes in the 2020 election. Abby grosberg, a former producer for Fox News, filing a separate lawsuit we hear that contends Fox pressured her to give misleading testimony during her deposition in the dominion case. That claim is part of a gender discrimination suit we have found that she filed against the network Fox this morning denies her allegations and countered apparently with his own lawsuit.
Bloomberg Businessweek
GameStop Shares Surge After It Posts Surprise Profit
"Specifically GameStop, it's swung to a surprise profit in the fourth quarter, it beat analyst estimates for revenue, bottom line here, the stock after ours up by roughly 45%. Nike reported robust quarterly earnings that beat Wall Street expectations as sportswear brand worked down its excess inventory but profitability missed estimates, shares of Nike down by one and a half percent. The now, the S&P and nez stack all advanced today, we have the S&P 500 Index up 51 again of 1.3%, the Dow up 316 up 1%, NASDAQ up 184 up 1.6%. Ten year yield 3.57% with a two year yielding 4.15% spot hold 1940 ounce and West Texas intermediate crude at 63 93 a barrel. A surge in banks and assurances from authorities, easing concern or ease concern that the recent financial turmoil would lead to a full Bond blown crisis as for the recession outlook and a long as chief U.S. economist at Bloomberg and she spoke to us earlier today on Berg markets. In the past recessions, whenever the fed raises rates, this rapidly something breaks and the models are telling us something will break before September. So we just updated our models.
Bloomberg Businessweek
Nike stock rises as earnings and revenue top estimates
"Earnings. Let's begin with Nike had reported revenue for the third quarter that beat the average analyst estimate after ours, Nike shares up roughly three and a half percent, also third quarter revenue came in at 12.39 billion, the estimates there 11.52 billion can not ignore GameStop after ours. The stock surging now by roughly 39%. GameStop reported net sales for the fourth quarter that did beat the average analyst estimate. Again, that stock after ours up by roughly 39%. The Dow the S&P NES stack all advanced today ahead of fed Wednesday, S&P up 51 again of 1.3%. We had a rebound in bank stocks today also assurances from global authorities, ease and concerns that the recent financial turmoil will lead to a full blown crisis. S&P again up 1.3%, by the way, back above 4000 at 4002 on the S&P 500 Index. The Dow today rallied 316 up by 1% NASDAQ today up 184 gain of 1.6%. Ten year yield 3.59%, two year 4.16% spot gold down 2%, 1940 the ounce
Sound ON
Stocks rise on Wall Street, even the most beaten-down banks
"Concept is something that weighs on Wall Street or is it something that traders would like to see or does it have to do with whether you're in the banking sector or not? A little bit of both. Now, I think when it comes to the financials, it was a little bit twofold. The one of the highest volume stocks today, small cap, large cap mid cap, whatever you want to call it, has been first republic. So this is a very bank specific story. And for first republic, we know there's some major names that are involved. We have Jamie Dimon. We have Warren Buffett. We have Tom barrack, all which have kind of been a named as folks were involved with perhaps what the next steps of the FRC first republic bank might be, that being said, I think there's also kind of an assumption here that because there is all of this talk that the Federal Reserve is a treasury and members of Congress are looking to at least temporarily make sure all deposits are insured. We still don't know if that means an unlimited amount or if simply that is all deposits at certain banks are insured, those specifics are still waiting for, even that, just the thought that they're considering that is reassurance itself for
The Ben Shapiro Show
Biden Warns That Climate Change Could Upend Federal Spending Programs
"It is not a shock that yesterday, Joe Biden warned that climate change could upend all the federal spending programs. According to The New York Times, a chapter in the new economic report of the president focuses on the growing risks to people and businesses from rising temperatures and the government's role in adapting to them. Administration economists said that reassessment should include a new look at climate adaptation implications of aid to farmers, wildland firefighting, and wide swaths of Medicare and Medicaid. So we're going to have to spend more money on Medicare and Medicaid because of global warming. I noticed that what you're doing is doing the thing you want to do. And then claiming the global warming is the rationale for that thing. That is what I'm noticing. And you're doing it all in the name of to science as per our usual arrangement.
WTOP 24 Hour News
US home sales surged in February as mortgage rates dipped
"Rates for everyone. Let's go to Jeff clay ball. Mark home sales that closed in February jumped 14 and a half percent compared to January. That's the biggest monthly gain since the middle of 2020, it also snapped a record 12 month streak of falling sales even so the national association of realtors says sales were down almost 23% lower than a year ago. Another blow for Adidas, trading card and sports merchandise company, fanatics will replace Adidas as the official uniform supplier for the NHL. It's a ten year deal. Adidas posted its first annual loss in three decades last year on its breakup with the yeezy brand. In ova health is one Alexandria city approval for its 1 million ft² hospital at the site of the former landmark mall while three 95, the Washington business journal reports the $1 billion hospital is scheduled to be done in 2028. The Dow is up 240 points. The S&P 500 Index is up 30
WTOP 24 Hour News
Yellen to Say U.S. Could Move to Protect Deposits at Other Banks
". Treasury secretary Janet Yellen is ready to assure the banking industry, the system is stabilizing after strong action from regulators following failures at several small banks over the past week and a half. CBS is Richard escobedo. In a speech to the American bankers association, Yellen says similar government actions to guarantee deposits could be warranted if smaller banks face a sudden rush of customers who come to withdraw their cash. This first full day of spring brings with it another massive storm system in California, new evacuations are in place in flood ravaged
Bloomberg Daybreak Europe
First Republic stock tumbles after hours as bank reportedly hires more advisers
"You on the markets this morning. Actually, European stock features are looking fairly positive, Lizzie. It does look as if we have rapidly turned the page in terms of those fears around the banking situation U.S. stocks 50 futures are up by 1% U.S. stock futures also gaining three tenths every big deal spot index is up by a tenth of 1%. And in terms of bond yields immensely volatile font and yields seem to have calmed this morning. We do start trading. U.S. yields now because the UK hours are open three 95 for benchmark two year treasury yields only moving two and a half basis points. So that's relatively relaxed compared to what we've seen in the last couple of days. Lovely calm waters. All right, onto our top stories this morning, U.S. officials are studying ways they might temporarily guarantee all bank deposits. Bloomberg understands that treasury staff are reviewing whether federal regulators have authority to temporarily ensure deposits greater than the current $250,000. Omega advisers chairman and CEO Leon cooperman says the fed needs to accept responsibility for its own policy. We have a self induced crisis by irresponsible fiscal monetary policy for the last decade. I
WTOP 24 Hour News
A Big Question for the Fed: What Went Wrong With Bank Oversight?
"While the recent big failures give the Federal Reserve, will they give them a pause right now? Within the last year, the fed has consistently increased rates with the goal of cooling inflation. That economists say this week banking troubles in the U.S. and internationally could cause the fed to actually stop rising interest rates. CBS business analysts still schlesinger says inflation is still too high at rates she thinks we'll keep going up, but that's not the only reason. If the fed were to go on pause, there is a question as to whether that would signal to the overall marketplace that they are freaked out about what's going on in the financial system. And I don't think they want to convey that. We will see a quarter percent rise at this week's meeting. If that meantime is not the only institution trying to make sure people are not concerned about the U.S. banking system
Bloomberg Daybreak Europe
Stocks rise for first 2-day rally since banking crisis began
"To the markets this morning. The bank is banking crisis fears do seem to be easing a fraction in markets, certainly the panic around 81 bonds has eased S&P 500 emani's ticking higher European stock futures up 6 tenths, Asian stocks stabilizing the Roomba dollar spot index's stronger tenth of 1%. So three days of greenback losses seem to be over two year treasury yields were absolutely whipsawed yesterday, but they're not trading in cash terms this morning because of a holiday in Japan, so that is something that we will look at when they do start trading at 7 a.m. London time. Okay, our top stories this morning, U.S. officials are studying ways they might temporarily guarantee all bank deposits. Bloomberg understands treasury staff for viewing whether federal regulators have authority to temporarily ensure deposits greater than the current $250,000. Omega advisers chairman and CEO and cooperman says that that the fed needs to accept responsibility for its own policy.
WTOP 24 Hour News
Safety board: Alabama derailed train lacked needed couplers
"News reporter Alexander tin. Federal safety regulators have determined why a Norfolk Southern train derailed in Alabama earlier this month, the national transportation safety board says the Norfolk Southern train that derailed in Alabama lacked required alignment control couplers for two of its locomotives and federal investigators say a company inspection did not identify the absence of the devices. The notation comes in one of three preliminary reports issued by NTSB about Norfolk, southern train accidents, the safety board was already investigating the fiery February derailment and toxic chemical burn in east Palestine, Ohio, the safety board says future investigation will focus on Norfolk Southern communication, maintenance, and inspection practices, as well as locomotive and railcar positioning and train handling. On Norman hall, everything you need every time you listen. It is 1145 and I'm Dmitri sodas, thank you for being with us tonight. America is in a health crisis, both in terms of child deaths and maternal deaths. The new information comes from the CDC and elsewhere. We talked about what's going on with health affairs editor in chief Alan wild. We've learned that death rates among children and adolescents are up when they've been trending downward and we've seen a large spike also reported in maternal deaths, 40% increase just in the last year. There is a COVID dimension, but this is not just a COVID story we should be clear, particularly when it comes to children, the leading causes of death that are increasing fastest predate the COVID pandemic. This is firearm related deaths. It's suicides. It's overdoses. It's car crashes on the maternal mortality side. It is a bit more of a COVID story, although again, it's important to note that the United States has
WTOP 24 Hour News
First Republic Bank woes mount despite Wall Street rescue
"In Texas and South Carolina. Worries about the banking system faded, allowing Wall Street to start the week with a solid gain. Bank stocks were mostly higher, though first republic sold off again down 47%. Down industrials gained 383, the S&P 500 added 35, the NASDAQ climbed 45. Another down day for shares of first republic bank falling 47%, even as other bank stocks recovered, S&P cut the bank's credit rating for the second time in a week. From the Bloomberg newsroom, I'm Lowry kosky, on WTO. Asia Pacific markets are higher, Australia's ASX 200 up one and a half percent. South Korea's cost be up more than half a percent, Hong Kong up 1%, the Shanghai composite half a percent higher. Is there any reason to believe former president Trump will actually be arrested tomorrow? Well, yes and no, sorry for that terrible answer. We just don't know at this point. CBS News has reported
Bloomberg Daybreak Asia
Bond market pricing in 50-50 chance Fed won't hike rates at all this week
"Know the fed's two day meeting kicks off tomorrow and currently the swaps market is pricing in a 70% chance of a quarter point rate hike. Now, aside from raising interest rates, the fed has been tightening financial conditions by winding down its balance sheet, former New York fed bank president Bill Dudley is expecting this process to continue. I think this is about exceptional liquidity lender of last resort provision to support the banking system. I think quantitative tightening the runoff of the treasury portfolio and the agency mortgage backed securities portfolio is going to
AP News Radio
Pay transparency is spreading. Here's what you need to know
"Labor laws in some states that employers must include pay ranges when posting a job appear to be helping job seekers across the country. Employers across the country have begun adopting more transparency and their hiring ads to stay competitive with companies and states that require it. Advocates say that benefits women and people of color whose statistically don't fare as well as others during hiring negotiations. The job site indeed dot com says twice as many companies, 43% posted the pay scale in their ads last month compared to three years ago. New York City, California, Washington, and Colorado are among the municipalities requiring Patreon's big companies including Microsoft Citigroup and Google have committed to posting salaries nationwide. I'm Jackie Quinn
Morning News with Manda Factor and Gregg Hersholt
Banking giant UBS acquiring Credit Suisse for $3.2 billion
"On a plan to stabilize the global banking industry ABC's Rebecca Jarvis says at the heart of it is a plan for UBS to buy Credit Suisse. Swiss regulators stepping in, hoping to restore confidence and add stability to the panic stricken global banking system overnight, banking giant UBS acquiring its embattled smaller rival Credit Suisse in a $3 billion deal negotiated by the Swiss government. At the closing bell, the Dow was up 379 points. A Manhattan grand jury may be wrapping up its investigation into an alleged hush money payment that former president Trump made to a porn star just before the 2016 election. More from ABC's Aaron kurtzke. The examination is over whether Trump falsified business records
Morning News with Manda Factor and Gregg Hersholt
Virgin Orbit scrambles to avoid bankruptcy as deal talks continue
"Virgin orbit reportedly talks to secure funding and avoid bankruptcy, CNBC cites inside sources as saying that a deal could come as early as this week. The rocket builder paused operations last week while looking for a new investment on a potential buyout or a potential buyout virgin orbit declining to comment on the report. The company has been off of Richard Branson's virgin galactic when public in 2021. An update from ABC News is next. For what it's worth, I'm sherri Preston. More school systems taking on social media
Bloomberg Markets
Putin sticks to protocol during Chinese leader Xi's visit
"Paul. Vladimir Putin says he is going to discuss China's plan for resolving the conflict in Ukraine. At the beginning of one on one talks between Putin and Chinese president Xi Jinping, the Russian leader said he is studying the proposal and is ready to talk. The trip to Moscow Mark Xi's most aggressive attempt yet to play the role of peacekeeper. Kyiv has been cool to the Chinese plan while the U.S. and its allies have rejected it outright. She is expected to hold a zoom style meeting with Ukrainian president volodymyr zelensky following his conversations with Putin. New York mayor Eric Adams says police are making security preparations for Lower Manhattan in connection to a possible arrest of former president Trump. Over the weekend, Trump posted on social media that he expects to be indicted tomorrow, and he urged his followers to protest. There's been no confirmation though of that claim from the district attorney's office, but Adams says they are doing what they can ahead of time. We monitor and commerce on social media
Markets Daily Crypto Roundup
Failed Signature Bank will be taken over by New York Community Bancorp
"Related deposits held by former signature bank now signature bridge bank will be assumed by flagstar bank NA, a subsidiary of the New York community Bancorp. As of Monday under a purchase and assumption agreement, the FDIC said in a press release on Sunday. Signature bridge bank depositors other than depositors related to the digital banking business will automatically become depositors of flagstar and will continue to be insured by the FTP up to the insurance limit. Coin desks, Greg elshan has the latest on a story that has changed a couple times. Last week we heard from alleged FDIC leak that any bank wishing to buy signature would have to give up its digital asset business. Days later, the FDIC denied that. And now today, we see that the part of the bank not involved in digital currency companies has been sold while the crypto side of the business sits in limbo. So we'll be watching this one. Thanks for listening.