Marketplace

Weekdays at 6:30PM on WVTF/RADIO IQ

Marketplace with host Kai Ryssdal produced and distributed by American Public Media focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets.

The only national daily business news program originating from the West Coast, Marketplace is noted for its timely, relevant and accessible coverage of business, economics and personal finance. 

Ireland invests in US St. Patrick's celebrations

Mar 17, 2016
Blake Farmer

For some, St. Patrick’s Day is an excuse to drink green beer and pick four-leaf clovers. But for the country of Ireland, it’s a chance to conduct some global PR. And if some Irish festivals feel like travel ads for the Green Isle, that’s because they kind of are.

Bank of America eyes mobile banking expansion

Mar 17, 2016
Ashley Milne-Tyte

The last time Bank of America acquired another company was during the financial crisis. It bought both Countrywide and Merrill Lynch back then, and that didn’t work out so well. But years after its CEO swore "no more acquisitions," it turns out BofA is scouting out Silicon Valley for a potential match with a startup.

Specifically, it wants a partner that can help it handle more mobile payments. Jim Sinegal, a banking analyst for Morningstar, said banks worry startups could muscle into their territory.

Life without a financial safety net

Mar 17, 2016
Kim Adams

Among the questions we asked in the Marketplace-Edison Research poll was how people would handle an unexpected expense. About a quarter of respondents said it would be "very difficult" to come up with $1,000 to cover a bill, and about a third said it would be “somewhat difficult."

The finding confirms that many people lack personal savings, investments and retirement accounts they can tap into during an emergency.

Vacancies shift balance of power at the Fed

Mar 17, 2016
Nancy Marshall-Genzer

President Obama’s decision to nominate Merrick Garland to the Supreme Court is all over the news. But it's hardly the only vacant federal job in Washington. Just look at the Federal Reserve. 

There are supposed to be seven members on the Fed's Board of Governors. But right now, there are only five. President Obama’s nominees for the two vacant slots haven’t been approved by the Senate.

At her press conference after the latest Fed meeting, Chair Janet Yellen said she would like the nominees to get a hearing.

D Gorenstein

You may have  heard about tax inversions – that’s where a U.S.-based company merges with a foreign firm and, voila, the new company avoids paying its U.S. tax bill.

A new article in the New England Journal of Medicine finds these tax inversions in health care have a kind of double whammy effect.

Take Pfizer, for example.

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