Marketplace All-in-One

Treasury Secretary Scott Bessent will be on Capitol Hill again today for another grilling. He’s scheduled to appear before the Senate Banking Committee. Yesterday, Bessent appeared before the House Financial Services Committee to talk about oversight of the U.S. financial system, where he sparred with Democrats. And later in the program, wages are making up a shrinking share of overall income. Also: discussions of Fed independence, inflation, and more.

News Corp — the parent company of The Wall Street Journal, Barron's, MarketWatch, and Fox News — announces quarterly profits today. Meanwhile, The Washington Post laid off a third of its staff yesterday. Today, we'll delve into the state of the media industry and why it's such a struggle to find a business model that works. Then, Amazon Fresh and Amazon Go is closing up shop. What went wrong with Amazon’s foray into physical stores?

From the BBC World Service: Little luxuries can become routine during tougher economic times. The newest iteration of the “lipstick effect,” the phenomenon is called "little treat culture" on TikTok, where videos using the hashtag have grown by 75% globally over the past year. This morning, we'll delve into the business model of treat-onomics. But first, TSMC confirms plans to make AI semiconductors in southern Japan, and gig workers in India are planning a nationwide strike.

A landmark lawsuit that accuses social media companies of intentionally designing their platforms to be addictive — and causing harm to children and teenagers' mental health — is in court this week in Los Angeles.

The defendants in this case are Meta and YouTube, both of which dispute the allegations. Snap and TikTok both settled in advance of the trial.

Some are calling this social media's "Big Tobacco" moment. Eric Goldman, co-director of the High Tech Law Institute at Santa Clara University, discusses this as well as a series of lawsuits against the social media giants.

How much do you share with your partner about your finances? Sometimes, a little privacy starts to look a lot like a secret. And secrets (especially the money kind) have a way of becoming problems.

On this week’s episode, Reema talks to people on the streets of Portland about their real-life money secrets, and chats with divorce lawyer Randy Kessler and couples counselor Jeff Guenther, who’ve seen how financial secrecy can fracture relationships — and sometimes bring people closer.

If you liked this episode, share it with a friend. And let us know what you think by emailing [email protected] or calling 347-RING-TIU. Have you ever kept a big money secret from your partner? We want to know! And follow us on Instagram and Tiktok!