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Slowly, but surely, the economy is cooling 
May 31, 2024

Slowly, but surely, the economy is cooling 

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Robert Nickelsberg/Getty Images
U.S. consumers are pulling back on spending. Plus, why GM is discontinuing one of its classic car models.

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The Weekly Wrap

by Kai Ryssdal

“Marketplace” host Kai Ryssdal talks with Amara Omeokwe at Bloomberg and Heather Long at The Washington Post about the latest U.S. inflation numbers, progress on taming global inflation and technology stock rallies.

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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 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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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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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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The team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sarah Leeson Producer I
Sean McHenry Director & Associate Producer II
Sofia Terenzio Assistant Producer
Jordan Mangi Assistant Digital Producer

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