Economics & Economy

JaeRan Kim

The agreement by OPEC members to cut oil production by 1.2 million barrels a day — that’s 1 percent of global production — sent crude prices climbing after it was announced. The global oil industry hopes things will continue to trend that way. The deal is meant to reduce the current oil glut and get us nearer to a balance between supply and demand.

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Annie Baxter

President-elect Donald Trump says he has a deal with Carrier Corporation to keep about 1,000 Indiana jobs from going to Mexico. The heating and air conditioning firm's parent company, United Technologies, wants to raise profits by using cheaper labor in Mexico.

At the same time, United Technologies has been doing what many corporations do these days: investing billions of dollars in cash to buy back its own shares... money that critics say could be invested in things like its workforce.

Marketplace

On today's show, we'll talk about Trump's trip to Indiana amid news that he struck a deal with Carrier to keep 1,000 jobs from going to Mexico, and look at criticism against United Technologies — Carrier's parent company — for buying back its own shares. Plus: We'll interview our correspondent Scott Tong about a joint report between Marketplace and APM Reports that found an EPA study — which examined hydraulic fracturing's impact on drinking water — was changed at the last minute to downplay the risk of pollution. 

Marketplace Tech for Thursday, December 1, 2016

Dec 1, 2016
Marketplace

On today's show, we'll talk about a new Netflix option that'll allow subscribers to download some shows and movies; the meaning of the word "cyborg" and why a quarter of us may be cyborgs without even realizing it; and ways that you can incorporate tech in your Christmas decorating.

Choice of Mnuchin troubles housing activists

Nov 30, 2016
Sabri Ben-Achour

Donald Trump has tapped financier, Hollywood producer and hedge fund manager Steven Mnuchin as Treasury Secretary. In that role, Mnuchin would have quite a lot to say about housing, finance and policies related to mortgage lending. Mnuchin has been involved in lending before, and it didn't go well for many homeowners.

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