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May 17, 2024

“The granddaddy of all stock indices”

The Dow closed above 40,000 for the first time. Plus, competition for small business spending heats up.

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“The granddaddy of all stock indices” — Erdark via Getty Images

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Segments From This Episode

The Weekly Wrap
by Kai Ryssdal
Marketplace host Kai Ryssdal speaks about the Dow’s record-topping week, the “bumpy” road to reducing inflation, and Biden’s tariffs on Chinese goods with Linette Lopez of Business Insider and Ana Swanson of The New York Times for the Weekly Wrap.
The Dow hit a record high! So what?
by Kristin Schwab
Angela Weiss/AFP via Getty Images
The Dow hit 40,000, which doesn’t necessarily mean the economy is doing well. But it can speak to how certain people think and feel about the economy.
Credit card companies see big opportunity in small business spending
by Justin Ho
visualspace via Getty Images
Small business spending has been fairly slow recently, according to American Express. But credit card companies see a lot of potential in the market.
When assessing inflation, it’s not just the data, it’s also the narrative
by Kimberly Adams
Justin Sullivan/Getty Images
The CBO data show purchasing power rising across all income groups, but the numbers reflect averages, and individuals’ experiences vary.
Why some drivers are still hesitant to go electric
by Henry Epp
Patrick T. Fallon/APF via Getty Images
EVs, hybrids and plug-in hybrids made up 18% of new vehicle sales in the U.S. in the first quarter of this year. But that share was down slightly from the previous quarter.
As sales slow, this retailer hopes promos and events will make up the difference
by Sean McHenry
“We are still noticing a decline in sales from this time last year,” said Colina Bruce, owner of Noir Lux Candle Bar in Seattle, Washington. “But we have been doing some promos. And we’ve had Mother’s Day and some things that have kind of helped us with boosting sales a little bit.”