Rank #1: Meet me at the mall, it’s goin’ down
Forever 21 is expected to close 100 stores as part of a bankruptcy filing. Big anchor stores like Sears have been struggling for a long time, so what’s left? The American mall looks pretty different these days. Plus: The federal deficit has passed $1 trillion for the first time since 2012, and the latest in our “Adventures in Housing” series.
Rank #2: Negative interest rates, explained
The European Central Bank cut interest rates to -0.5 percent. President Trump praised the decision, as he’s been pushing the Federal Reserve to do the same. Today, we compare the economic situation in the U.S. and abroad and explore how negative rates would work. Plus: California’s attempt to curb soaring rents and a new DIY clothing start-up.
Rank #3: Reclassifying employees won’t just affect Uber
A California bill that would reclassify many independent contract workers as employees is on track to becoming law. It would affect hundreds of thousands of people in the gig economy — not just those who deliver food and give rides, but also nail salon workers, truck drivers and more. Today, we talk with some of those independent contractors about how their lives would change and look at the broader economic implications. Plus: An update on the blocked offshore wind project.
Rank #4: Who says we need to have a recession?
The U.S. has averaged a recession every seven years since its founding. Australia, on the other hand, hasn’t experienced one in more than 25 years. So what gives? Today, we dig into the rules and chance governing the business cycle. Plus: What one city stands to lose when a GM plant shuts down, how negative interest rates work and President Trump’s relationship with new U.K. Prime Minister Boris Johnson.
Rank #5: What a city gave up to attract auto jobs
More than 30 years ago Hamtramck, Michigan, was desperate for a GM plant, so desperate that the government used eminent domain to tear down a neighborhood. Today, we look back at how that plant got built — and what happened when the work slowed down. Plus, we’ll do the numbers on today’s huge Dow drop, WeWork’s IPO and the yield curve inversion.
Rank #6: Who makes money off your political donations?
There’s another Democratic presidential debate on Thursday, and hopefuls that reach the stage will have done so by meeting polling and donation requirements. It’s just one reason why candidates spend a lot of time and energy hitting you up for cash, and there are a lot of businesses facilitating that effort. Today, we follow the money. Plus: Why Moody’s says Ford is “junk,” and looking ahead to the holiday hiring season.
Rank #7: What makes the dollar strong?
President Donald Trump and his advisers have been talking a lot lately about the strength of the U.S. dollar, saying it’s weighing on U.S. exports and hurting American manufacturers. Today, let’s take a step back and explore how we determine what makes the dollar “strong” anyway. Plus: Robocalls, the toy-to-movie pipeline and the latest tariff news.
Rank #8: Dive into the ~inverted yield curve~
Markets panicked yesterday because the yield on 10-year government bonds dropped below that of 2-year bonds. Today, we’re gonna go deep on the different types of bonds, and why their differences matter. Plus: What high water in the Great Lakes is doing for the region’s economy, and why Pabst is getting in to the whiskey business.
Rank #9: Can you talk the economy into recession?
A series of economic indicators are suggesting that businesses have pulled back their spending amid fear of a recession. But can talk of a recession make one happen? Plus: The latest Fed meeting minutes, virtual reality in the workplace and how an unexpected inheritance can complicate grief.
Rank #10: You shouldn’t make trades based on Trump’s tweets
… But those tweets do affect markets, and JPMorgan is launching a new index to track the impact of a presidential tweet. Plus: dispatches from the supposed “worst place to live in America,” and is bigger still better for American companies?