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What goes into OPEC's decision-making?

by Nancy Marshall-Genzer
May 31, 2024
The cartel wants to manipulate production to push up prices and demand.
“Price is always in the background as part of the discussion,” says Mark Finley at Rice University’s Baker Institute.
Thomas Kronsteiner/Getty Images
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Lower-income consumers are spending less. When will the rest of the economy follow?

by Kimberly Adams
May 31, 2024
As you might expect, it's hard to say.
Consumers are starting to change behavior due to sustained higher prices, which have drained savings and pushed more people to rely on credit.
Joe Raedle/Getty Images
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What’s that smell? A teenage boy wearing luxury cologne.

by Kai Ryssdal and Maria Hollenhorst
May 31, 2024
Inspired by social media influencers, adolescents are splurging on high-end fragrances, journalist Callie Holtermann reports.
Adolescent boys are building collections of high-end fragrances, Callie Holtermann of The New York Times reports. Some parents say it keeps them away from doing riskier things.
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Farewell, Chevy Malibu

by Mitchell Hartman
May 31, 2024
GM will discontinue the once-popular mid-price family sedan in late 2024, to make way for more EV production at its plant in Kansas City.
A 1965 Chevy Malibu convertible, the Malibu’s second model year, being driven in a St. Patrick’s Day Parade in Seaside Heights, New Jersey.
Courtesy of Vintage Automobile Museum of New Jersey
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Israel-Hamas War

How Israel's economy is faring eight months into war with Hamas

by Sabri Ben-Achour , Alex Schroeder and Erika Soderstrom
May 31, 2024
Despite a contraction after the initial onset of the war, Israel's economy has rebounded dramatically.
One flashpoint raised by the Israel-Hamas War has been the continued exemption of ultraorthodox Jews from military service.
Maja Hitij/Getty Images
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The IRS is making its free tax filing tool available to all

by Janet Nguyen
May 30, 2024
Taxpayers told Marketplace they were satisfied with the service, and were able to save money this year.
The new IRS free federal filing service was only available to select people this year, but the people who did use it praise its simplicity.
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Shelf Life

Kyla Scanlon wants to remind us that "people are the economy"

by Kyla Scanlon
May 30, 2024
Scanlon explains her philosophy of economic education in this excerpt from her book, "In This Economy? How Money & Markets Really Work."
Jordan Mangi/Marketplace
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Brewery owner wants to make a difference in his community

by Sofia Terenzio
May 30, 2024
Victor Zamudio, co-owner of Brown Soul Brewing Co. in South Gate, CA, hopes his brewery can serve as "a beacon for others" looking to start a business.
Victor Zamudio (left) and Hugo Sanchez (right) are two of four owners of Brown Soul Brewing Co. in South Gate, CA.
Sofia Terenzio/Marketplace
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How cooling U.S. GDP growth affects the global economy

by Elizabeth Trovall
May 30, 2024
The annual expansion was revised down to 1.3%. That could indicate softening elsewhere, including trade partners like Canada and China.
When the U.S. economy isn’t doing very well and consumers second-guess their spending, major trading partners could feel the pinch.
Justin Sullivan/Getty Images
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What motivates companies to replace workers with machines?

by Stephanie Hughes
May 30, 2024
A labor shortage in manufacturing seems to be tempting them.
Jim Young/AFP via Getty Images
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