Economy & Business

Business news

If you're on the economic development team for your state, you are happy – dancing-in-the-street happy – when you can attract foreign investments.

You see a globalized world, bursting with opportunities, and you want your state to win a slice of that big pie.

A federal judge in Wyoming has struck down the Obama administration's regulations on hydraulic fracturing, ruling that the U.S. Bureau of Land Management doesn't have the authority to establish rules over fracking on federal and Indian lands.

In the ruling on Tuesday, U.S. District Judge Scott Skavdahl said Congress had not granted the BLM that power, and had instead chosen to specifically exclude fracking from federal oversight.

Inside the new One World Trade Center

Jun 22, 2016
Kai Ryssdal

Author and architecture writer Judith Dupré says the new World Trade Center, “represents one of the most complex collaborations in human history.”

It's the tallest building in the Western Hemisphere. More than 25,000 workers — and over $15 billion – helped re-construct the site.

Dupré 's new book, "One World Trade Center: A Biography of the Building," recaps the 12 years the building was being developed. She had full access to the construction of One World Trade Center while writing the official biography of the building.

Greta Hallberg

D.C. metro riders can’t catch a break. Thunderstorms and heavy rain flooded the Cleveland Park station Tuesday, temporarily shutting down access to the residential neighborhood.

Marketplace for Wednesday, June 22, 2016

Jun 22, 2016

We take a look at what effect a Brexit have on U.S. financial firms based in the U.K.; The U.S. Department of Justice has announced the largest crackdown in Medicare fraud in history today; Kai talks to Judith Dupre, the author of "One World Trade Center: Biography of the building" about the rebuilding of one of New York's most well-known landmarks. 

There weren't many expenditures in Donald Trump's last campaign finance report. At least not compared to the typical presidential campaign.

What stood out: the hundreds of thousands of dollars that Trump's campaign steered to various Trump venues and companies: $423,372 to Trump's Florida resort, Mar-a-Lago. $29,715 to the Trump International Golf Club. $125,080 to Trump Restaurants.

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Tony Thompson hopes the United Kingdom votes on Thursday to leave the European Union. Standing in a green smock behind his meat counter in the town of Romford, a short train ride from central London, the 58-year-old butcher explains why in four words.

"Got to stop immigration," says Thompson. "It's only an island. You can only get so many people on an island, can't you?"

David Brancaccio

There's going to be a new fully fledged stock exchange after some nail-biting suspense and intense opposition from existing stock exchanges. The IEX exchange, which the Securities and Exchange Commission approved on Friday, is designed to prevent rapid-fire traders from having the upper hand. Co-founder Brad Katsuyama — protagonist of "Flash Boys," the bestselling book about high-frequency traders — is celebrating the long-fought regulatory approval. Katsuyama joined us to chat about his victory and what's in store for the IEX.

On today's show, we'll talk about why Elon Musk wants Tesla and SolarCity to merge; explore Brexit's effect on the markets; and interview Brad Katsuyama, IEX co-founder, about his new stock exchange. 

A Brexit could hit Japanese currency traders hard

Jun 22, 2016
Andy Uhler

Hundreds of thousands of retail investors in Japan are women and they do it from home. Day trading became popular among Japanese housewives in the 1990s.

So, with Britain’s future up in the air, why are so many of these investors holding on to so much pound sterling?

Shihoko Goto, senior Northeast Asia associate at the Woodrow Wilson Center's Asia Program, said many Japanese were buying the pound because it's one of the few markets Japanese currency markets investors can readily access.

"The Japanese really don’t have a lot of places to park their money," she said.

What happens when shipping lines build for growth that never comes

Jun 22, 2016
David Brancaccio, Katie Long and Justin Ho

This Sunday, that superhighway of global commerce, the Panama Canal, now widened for much bigger ships will open for business. The opening of the canal is a moment of crowning glory for Panama, but not a moment of crowning glory for globalization.

Marketplace Tech for Wednesday, June 22, 2016

Jun 22, 2016

On today's show, we'll talk about new drone guidelines from the Federal Aviation Administration; look at the recent hack against digital currency Ethereum; and interview the band Son Lux, which just released a new EP called "Stranger Forms." 



On today's show, we'll talk about the tough time that shipping businesses are currently experiencing. Plus, we'll also look at the newly unveiled health care plan from Republicans.