Marketplace All-in-One

Could dimming the sun be the key to cooling things down before the climate crisis worsens? Some scientists say yes, that we can cool the earth by launching tons of sulfur dioxide into the stratosphere. It’s a type of solar geoengineering that was once seen as preposterous, meant to exist only in the pages of a sci-fi novel. But now, it’s a reality.

To find out for ourselves, we travel to Northern California where two entrepreneurs are launching sulfur-filled balloons from the top of stacked shipping containers. Later, we talk with scientists on both sides of this issue to find out if solar geoengineering could help prevent catastrophic tipping points or introduce a whole new slew of cascading consequences.

The Jeff Bezos-backed Slate is a super bare-bones EV that can be configured as an SUV or pickup with starting costs in the mid-$20,000s. Chevrolet, Nissan, Toyota, and Subaru presently offer fully electric models in the $30,000 and $35,000 range, and Ford plans on launching a lower-cost electric truck next year, too. Today, we dig into the growing competition for cheaper electric cars. Also on the show: a check-in on consumer savings and market movements.

More than a third of all Americans think they’ll lack enough savings to retire, according to the Employee Benefit Research Institute. For some, one solution to financial precarity in retirement is going back to work, or unretiring. Today, we hear from a 74-year-old retiree who's back in the job market in order to make ends meet. But first, durable goods orders are a sign of strong growth in a sea of economic worry.

This week, rideshare drivers in Massachusetts unionize; plus, Robinhood lets AI agents trade on behalf its customers.

But first, there’ve been hints for a while that Anthropic, OpenAI and SpaceX are planning to go public in the near future. Last week, SpaceX filed its initial public offering prospectus, also known as an S1, which is meant to help investors understand the company’s business model, including the risks it faces. Marketplace’s Stephanie Hughes spoke with Paresh Dave, senior writer at WIRED, to learn more.

Check out our YouTube page to watch more episodes of “Tech Bytes.”

Everything we talked about today:

“Tech titans prepare for blockbuster IPOs in new front of AI race” from The Hill

“SpaceX Listed Grok’s ‘Spicy’ Mode as a Risk in Its IPO Filing” from Wired

“Your AI agent can now trade for you on Robinhood. And buy stuff with your credit card too” from CNBC

“Rideshare drivers union in Mass. says it's the 1st to be recognized in the U.S.” NBC Boston

The personal savings rate fell to just 2.6% in April — a low not seen since June 2022, according to the Bureau of Economic Analysis. That means Americans have, on average, less cash leftover at the end of the month. Gas and grocery price inflation are partially to blame. Also in this episode: Office real estate looks a little K-shaped, one city tries to relieve budget problems with trademarked merch, and Kai breaks down the April PCE report and Q1 GDP revision.

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Inflation's heating up and is well above the Federal Reserve's goal. The central bank's preferred reading on inflation came out this morning for April. Prices are up 3.8% from a year ago; it was 3.5% in March. What does that mean for the future of interest rates and the inflation consumers expect going forward? Then, we'll discuss how the war in Iran has added new pressure to an already strained farm economy.

Before war in the Middle East, roughly one-third of the world’s fertilizer shipped by sea moved through the Strait of Hormuz. In the last three months, fertilizer prices have climbed between 30% and 50%, according to the American Farm Bureau Federation. It's yet another growing expense for farmers, and it comes at a time when more farms in the U.S. are closing or going bankrupt. But first: A new study finds racial bias in AI hiring tools.

Today, we’re featuring an episode of NPR’s “It’s Been A Minute.” Reema Khrais joins host Brittany Luse and Wailin Wong, host of NPR’s “The Indicator,” to talk about the hidden ways money shows up in dating and marriage.

And we’ve got a new “This Is Uncomfortable” project to share! You’ve heard Reema Khrais ask rapid-fire “uncomfortable money questions” on the show, where she asks guests to share details of their financial lives. Now we want to hear how you would answer! Send us a voice memo, and we may feature it on the show. This week, we kick things off off with listener Thistle from California.

Learn more here: https://www.marketplace.org/uncomfortablequestions

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We’ve talked a lot about how money works and why countries have their own currencies here on “Million Bazillion.” But listener Alessio wants to know: Why DOESN’T the whole world use the same money? And could the world’s nations all decide to just use one shared currency? In this bonus mini-episode, we’ll get some answers!

Like the name suggests, plug-in solar panels can be plugged into an electrical outlet just like you would your toaster. But instead of using electricity, they send power back to be used elsewhere in the home.

In most of the country, plug-in solar is neither illegal nor legal. But energy policy consultant Bentham Polis, who's also a senior researcher with the Clean Energy States Alliance, says a growing number of states are passing laws to help spell out the rules around the technology.

Discussed in this episode:

Instagram video from The Garbage Queen

“How do plug-in solar panels work and how are they installed?” from The Independent

“What States Need to Know About Plug-In Solar” from Clean Energy States Alliance