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Facebook founder and CEO Mark Zuckerberg left some European Parliament lawmakers and observers feeling displeased Tuesday after he failed to answer several questions during a Brussels meeting called in the wake of a user data privacy scandal involving his company and British data analytics firm Cambridge Analytica.

Qualcomm CEO isn't too worried about our trade war with China

5 hours ago

One of the American companies that keeps a close eye on any talk of a trade dispute with China is Qualcomm, the San Diego-based chip manufacturer and technology company that plays an important role in making our cellphones do what we want them to do. It sells its technology to companies all around the world, including to Chinese companies like ZTE. Steven Mollenkopf took over as CEO in 2014 after spending nearly his entire working career there, and in this interview with Marketplace host Kai Ryssdal, he doesn't seem too worried. What follows is an edited transcript of their interview.

How good is it for the class of 2018?

5 hours ago

Qualcomm CEO on making the technology that powers your mobile world

6 hours ago

Whether you're familiar with Qualcomm or not, you probably use their product (especially if you're reading this on your mobile device). The 30-something year old tech company makes the chips that help power the cellular technology we use today, found in iPhones and Androids alike. They've been in the news recently because some of the business they do in China could be at risk if the Trump administration escalates a threatened trade war.

J.C. Penney’s CEO jumps to Lowe’s

7 hours ago

Marvin Ellison, who is credited with a mixed turnaround at J.C. Penney, is heading back to the home improvement space. Before joining J.C. Penney, he spent 12 years at Lowe's biggest competitor, Home Depot.

Click the audio player above to hear the full story. 

Why most of our jobs are meaningless

7 hours ago

Being paid to do nothing at work might sound like every employee's dream, but it can also bring shame and depression.

Anthropologist David Graeber at the London School of Economics has written a book, "Bullshit Jobs: A Theory," on the subject of meaningless work. He cited a survey that showed nearly 40 percent of United Kingdom workers were quite sure their jobs made no significant contribution to the world at all.

How high can crude oil go?

8 hours ago

(Markets Edition) One Wall Street heavyweight is predicting that crude oil could top $100 a barrel, which could spark a recession here in the U.S. On today's show, we'll get some perspective about the trajectory of oil prices from Susan Schmidt, senior portfolio manager at Westwood Holdings Group. Afterwards, we'll discuss how drivers will pay the most expensive Memorial Day gas prices since 2014, and then we'll look at the Environmental Protection Agency's plans to pursue new regulations on a class of chemicals used to make things like Teflon and Scotchgard. (05/23/2018)

Update: New reports released by CNN suggest that the North Korean waitresses profiled in this story were, in fact, deceived into traveling to Seoul with the aid of South Korea’s foreign intelligence bureau. This lends credence to North Korean claims that the women were victims of an “abduction."

There are perhaps no two nations more desperately in need of peace talks than North and South Korea.

Mohammed al-Khatib was just was 6 months old when his parents carried him across the border to Lebanon. Hundreds of thousands of Palestinians like them were fleeing their homes and villages, taking only what they could carry.

On May 14, 1948, Israel declared its independence. The next day, Egypt, Jordan, Iraq and Syria declared war on Israel. Many Palestinians fled, believing they would return within days or week.

Most still haven't returned, 70 years later.

Gas prices head north before holiday

11 hours ago

We’re only a few days away from Memorial Day weekend, one of the busiest travel days of the year. More than 41 million Americans are expected to hit the road. You know where you’re going? Are you going to drive there? Well, you might be paying more for that gasoline than you have in a long time.

Click the audio player above to hear the full story. 

The head of the Environmental Protection Agency, Scott Pruitt, has been under a cloud for his personal spending decisions, and frequent meetings with industries his agency regulates. In a surprise move, the EPA Tuesday announced plans to pursue new regulations on a class of chemicals used to make things like Teflon and Scotchgard. Environmental groups, dubious of the move by the agency say new regulations could take years to come.

Click the audio player above to hear the full story. 

(U.S. Edition) President Trump is expected to sign a bill that would ease some of the rules imposed on banks after the last financial crisis. But will this be that radical of a decision? Erik Gordon, a professor at the University of Michigan, explains why he thinks most of us aren't going to notice the changes. Afterwards, we'll look at how the job market is for recent college graduates as part of our "Divided Decade" series, which examines how America has changed since the financial crisis. (05/23/2018)

The date is set for June 12. And there’s already an advance team on the ground in Singapore making final preparations for a historic summit between President Donald Trump and North Korean leader, Kim Jong-un. That is, if the meeting actually takes place. The World spoke on Monday with Victor Cha, a former top adviser on North Korea to President George W. Bush, about some of the difficulties ahead of next month’s planned summit. 

The effects of the Great Recession reverberated throughout our economy: unemployment levels rose, home values fell precipitously, and median household incomes slumped. 

But Americans may experience those consequences very differently depending on factors as simple as the year they got their diploma.

College graduations are going on around the country, after which most graduates face the job market for the first time. And with unemployment at 3.9 percent and employers complaining of labor shortages across professions and regions, this is one of the best job markets in decades for new college graduates.

Should a machine have to tell you if it's a machine?

14 hours ago

This week Microsoft bought a company called Semantic Machines which works on something called "conversational AI." That means computers that sound and respond like humans. Mostly it's for digital assistants like Microsoft's Cortana, Apple's Siri, Amazon's Alexa or Bixby on Samsung. Last month Google showed off its own smart assistant called Duplex, which can call a hair salon to make an appointment on your behalf, or a restaurant to make a reservation.

This month is the holy month of Ramadan and for many Muslims, that means fasting between sunrise and sunset. If you are a Muslim living with an eating disorder, however, Ramadan can pose a whole set of challenges. Adeline Hocine wrote about her experience with battling the illness during the holy month for Teen Vogue.

64: The case of the Butter Bot

May 22, 2018

It started with an email about butter. We got it in our listener submission inbox, and it was mostly nonsense with a sketchy link. You probably get spammy emails like this every day. Do you ever wonder who sent them, or what they're trying to accomplish? Well, reader, we clicked the link. Then we called Jonathon Morgan, CEO of the cybersecurity firm New Knowledge, to help us make sense of what we found. It gets weird, kind of scary and yes, buttery. Special thanks to listener Steffen Spear who started us on this trail.

The House is set to take up a bill today dialing back parts of Dodd-Frank, the law regulating banks after the financial crisis. The bill, which has already passed the Senate, would change mortgage lending requirements and raise the threshold at which banks will be officially big, or "systemically important financial institutions," if you want to get technical. We'll start off by telling you everything you need to know, and we'll also look at the rotating deck chairs on the American CEO cruise ship. Plus, speaking of the recession, we'll look at what it's like to graduate into one.

When Luis Calderon graduated from the University of Central Arkansas back in 2008, he had the immigrant dreams of his entire family upon his shoulders. But then the Great Recession hit, and like many in his year, Calderon paid the high price for unlucky timing.

Calderon majored in economics with an emphasis on international trade, and during his senior year he aspired to begin his career at a multinational corporation.

(Markets Edition) The House is set to vote on a bill that would free dozens of small and mid-sized banks from regulations placed after the financial crisis. We'll dive into some of the rules that could go away. Afterwards, we'll discuss the Supreme Court's latest workplace ruling: employees who agreed to settle disputes with their boss through individual arbitration can't later join big class-action lawsuits. Plus: A look at what the Pope has to say about financial markets and its participants. (05/22/2018)

 

 

China's "professional" pick-up artists

May 22, 2018

Qi Dongwei, a 32-year-old mechanical engineer, recalls having an excruciating crush on a classmate back in college. He said he would spend time with her before and after class.

“Our hands had brushed up against each other’s by accident, but I never attempted to hold her hand, not even after chasing her for two years,” Qi said.

He has not had much luck with women since, and the pressure is on.

U.S. household debt hit a record $13.2 trillion in the first quarter of 2018, but Americans seem to be handling it okay. Consumer debt levels are stabilizing, according to The New York Fed’s quarterly household debt report. But rising interest rates seem to be squeezing household finances in at least one area: credit card debt.

Click the above audio player to hear the full story. 

(U.S. Edition) European politicians will get to grill Facebook CEO later today about the Cambridge Analytica scandal, over a month after U.S. Congress members questioned him. We'll discuss what to expect from his upcoming testimony. Afterwards, we'll talk about why a rising share of American households seem to be having trouble paying off their credit card debt. Plus: As part of our "Divided Decade" series, which looks at the financial crisis 10 years later, we asked 2008 college grads to share lessons about the job market with class of 2018. (05/22/2018)

The United States Supreme Court handed down several rulings today — one in particular has a pretty good chance of affecting you. The court said today that employers can indeed force employees into individual arbitration to resolve workplace disputes. Specifically, arbitration agreements that bar employees from participating in class-action lawsuits. Workers’ rights group say the ruling is detrimental.

Click the audio player above to hear the full story. 

For scrap brokers, the trade war is not "on hold"

May 21, 2018

Over the weekend, Treasury Secretary Steven Mnuchin said the prospect of a U.S.-China trade war was “on hold” for now. There’s been a lot of trade headlines lately, but one slice of the Sino-American trading relationship that hasn’t gotten a lot of attention is the multibillion-dollar U.S.-China scrap trade. Earlier this month, the Chinese government suspended the North American branch of the China Certification and Inspection Group North America, which inspects all the shredded steel, corrugated cardboard, beverage containers and other scrap that the U.S.

Congress weighs changes to foreign investment oversight

May 21, 2018

In 1975, President Gerald Ford created a committee to oversee foreign investment in the United States. His executive order was prompted, in part, by significant inflows of oil money from places like Saudi Arabia and Iran to buy U.S. companies, said Matthew Baltz, a professor at Bucknell University.

But for its first decade, the Committee on Foreign Investment in the United States, known as CFIUS, didn’t have much bite.

How Theranos, a Silicon Valley star, came tumbling down

May 21, 2018

In October 2015, an investigative reporter for The Wall Street Journal named John Carreyrou stumbled across a pretty amazing story. The technology behind the much lauded biotech startup, Theranos ... well it didn't work, at least not in the way its founder, Stanford drop out Elizabeth Holmes, had said it did.

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