Slate Business
Get the latest from Slate Money and the entire Slate network's takes on the latest in the world of business and business news.
Slate Money | The Louvre Heist Affair
This week: A spectacular heist unfolded at the Louvre, with thieves stealing priceless jewels within 7 minutes in broad daylight. Felix Salmon, Elizabeth Spiers, and Emily Peck unpack what happened, why the world was so delighted by this particular crime, and the reasons the thieves might not get that big of a big score in the end. Then, ADP has decided to refrain from giving the Fed special data access, exacerbating the data shortage amid the government shutdown. The hosts discuss why this is happening along with the other effects of this drawn out Federal standstill. And finally, some Silicon V...
ICYMI | TwitchConâs Sexual Harassment Problem
On todayâs episode, host Kate Lindsay is joined by writer and streamer Laura Kate Dale to talk about what happened to Emiru at this yearâs TwitchCon. The streamer was assaulted during a meet-and-greet, after a number of female streamers had already dropped out of the convention in fear for their safety. What is it about TwitchCon that makes creators feel unsafe, and why are female streamers, in particular, still paying the price?Â
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What Next: TBD | Why Bands Are Leaving Spotify
Paying a fraction of a penny per stream and diminishing the value of music were bad enough for Xiu Xiu, but when Spotify owner Daniel Ek announced an investment in a German defense contractor, they decided it was time to take the music back.
Guest: Jamie Stewart, musician in the band Xiu Xiu.
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Slate Money | Credit Cockroaches
This week: The downfall of First Brands and Tricolor has led to finger-pointing between banks and private credit firms. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss whether these fraud-related bankruptcies are a sign of major issues to come within the credit market. Then, car prices and sales are up across the board. The hosts cover the state of the auto industry, the spike in EV sales caused by expiring incentives, and what itâs like to own a Crybertruck these days. And finally, QQQ is probably the only ETF youâve heard of thanks to its aggressive advertising. The...
What Next: TBD | Inside the MAGA Content Mill
As Trump throws out journalists and outlets that report anything negative about him, heâs limiting access to a group of right-wing influencers who work to further his agenda.
Guest: Makena Kelly, tech and politics writer for WIRED.
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ICYMI | Stop Trying To Make A.I. Trendy
Candice Lim and Kate Lindsay get into techâs latest effort to turn A.I. into a status symbol. Anthropic has been pushing âThinkingâ caps into the trendy streets of New York. OpenAI has been handing out awards for power users akin to YouTube subscriber plaques. But one of the worst offenders is Friend, a $129 wearable necklace that spent a million dollars to infiltrate subway stations and bus stops. Why are A.I. companies trying so hard to be trendy? And how are people revolting against them? Finally, we have some news.Â
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Slate Money | Money Talks: Donât Forget The 1929 Crash
In this Money Talks: Felix Salmon and Elizabeth Spiers are joined by journalist Andrew Ross Sorkin to discuss his new book 1929, a detailed account of what led to Wall Streetâs most devastating crash. Theyâll discuss the lessons we should keep from the systemic failure that resulted in the Great Depression and why the knowledge feels as relevant as ever today. Â
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Slate Money | What Even Is Money?
This week: The price of gold has skyrocketed to over $4k an ounce. Felix Salmon, Elizabeth Spiers, and Emily Peck speculate why this might be happening right now â or if there even is a âwhyâ. Then, Intercontinental Exchange has announced an investment of $2 billion in Polymarket, upping the valuation from $1 billion to $8 billion. The hosts discuss what makes prediction markets so big right now and the increasingly murky distinction between "bettingâ and âinvestingâ. And finally, several Bob Ross paintings are being auctioned for charity prompting a Slate Money listener to ask what the market is for his work. Felix breaks down t...
ICYMI | Taylor Swift Is Rewriting Her Internet History
Kate Lindsay and Candice Lim wade through the negative reactions to Taylor Swiftâs album The Life of a Showgirl. From outdated meme references to clunky shots at other female artists, Swiftâs album indicates an oddly distant relationship with the internet. However, is she a devious online mastermind or a blundering millennial? Plus, why itâs important that this albumâs backlash has gone largely unchallenged by fellow Swifties.
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What Next: TBD | Saudi Arabia Gets into EAâs Games
How one of the largest video game companies was bought for $55 billion by a group that includes Saudi Arabiaâs sovereign wealth fund and Jared Kushner.
Guest: Jason Schreier, Bloomberg reporter
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Podcast production by Evan Campbell, and Patrick Fort.
...
Slate Money | Argentina First?
This week: Felix Salmon finally gets to nerd out on Argentina's economy as Trump goes against the GOP playbook by bailing the country out to the tune of $20 billion. Felix, Elizabeth Spiers, and Emily Peck break down why this is such an unusual move, how it shows Trumpâs favoritism, and what it means for Americaâs soy farmers. Then, the US government has officially shut down but stocks are soaring. The hosts talk about who, if not Wall Street, is economically impacted by the shutdown. And finally, Jared Kushner helped broker a record-breaking $55 billion private equity deal for Elec...
ICYMI | Saudi Arabia Is Coming For The Sims
On todayâs episode, hosts Candice Lim and Kate Lindsay are joined by Slate senior editor Tony Ho Tran to talk about why it matters that EA Games has been sold to Saudi Arabia and Jared Kushner. In addition to likely cost-cutting, this new ownership puts games like The Sims even more at risk of censorship, especially when it comes to LGBTQ+ characters. If your Sim groom canât end up making out with his new father-in-law at the end of his wedding, then what is The Sims even for?
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What Next: TBD | Who Owns TikTok Now?
TikTok exploded to popularity not by giving users what they asked forâbut by figuring out what users really were interested in, and serving that.Â
What happens to this algorithm if Bytedance cedes control of it to the U.S.?Â
Guest: Emily Baker White, senior writer at Forbes and the author of Every Screen on the Planet: The War Over TikTok
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Slate Money | Money Talks: How Basquiat's Art Became a Good Investment
In this Money Talks: Felix Salmon is joined by Doug Woodham, author of the upcoming biography Jean-ÂMichel Basquiat: The Making of an Icon, to discuss Basquiatâs path to becoming a darling of the art market. They discuss the idiosyncrasies of the art market and why Basquiat â the âJimi Hendrixâ of the art world â was initially undervalued but later became part of the modern day art canon.Â
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What Next: TBD | Trapped in a Tesla
When youâre getting out of an Uber, Teslaâs unintuitive door handle can embarrass you. In an emergency, getting out of the car quickly can be the difference between life and death.
Guest: Dana Hull, Bloomberg News reporter covering Tesla and Elon MuskÂ
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Slate Money | Three-Headed AI Unicorn
This week: NVIDIA has announced a $100 billion investment in OpenAI to help build out data centers equipped with NVIDIA chips. Felix Salmon, Elizabeth Spiers, and Emily Peck, joined by Bloombergâs Max Chafkin, examine the complexities of this massive deal and why it might feed the argument that the AI boom is a bubble. Then,Trump has announced a $100,000 fee for H-1B visas.They discuss how the clunky rollout of this plan has caused chaos and what it signals about the administration's immigration goals. And finally, Max explains how a parody of Enron that turned into a memecoin fi...
ICYMI | Jimmy Kimmel & The Death Of Free Speech Online
On todayâs episode, hosts Candice Lim and Kate Lindsay are joined by Spitfire News writer Kat Tenbarge to discuss how reactions to Charlie Kirkâs death are prompting us to reexamine free speech. In her piece, âIs anyone going to defend free speech online?â she explains how this right has long been under threat. From legal challenges to biased algorithms, the internet is being censored right before our eyesâbut there are still ways we can fight back.Â
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What Next | How Big Media Obeys in Advance
Media giants like Paramount and Disney have been swift to capitulate to the Trump administration and the tenacious head of the FCC, Brendan Carr. Why new ownership from the likes of the Ellisons is likely to make things worse.
Guest: Nitish Pahwa, staff writer for business and tech at Slate.
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What Next: TBD | Is A.I. Taking Your Job?
If youâre hunting for a job, the odds are increasingly likely youâll have an interview with an artificial intelligence ârecruiter.â And why not? Itâs also increasingly likely youâll be working with A.I. anyway.Â
Guest: Danielle Abril, technology-in-the-workplace reporter for the Washington Post.
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Slate Money | The Nerds' Last Stand at the Fed
This week: The Fed announced an expected rate cut with an unexpected dissent.   Felix Salmon, Elizabeth Spiers, and Emily Peck are joined by Axiosâ Neil Irwin who breaks down why the Fed meeting was so unusual â thanks to the very recent Trump appointee Stephen Miranâ and what it means for the future of the central bank. Then, AMEX announced an increase that brings their Platinum fee to $895. Neil and the hosts reflect on the trend of making credit cards more and more premium and explain why you should think again before signing up. And finally, Publishers Clearing House filed for bankr...
What Next: TBD | A Very Online Shooter
As the Charlie Kirk murder demonstrated, law enforcement, the government, and media all need more internet fluency. But their reactions in the wake of the murder donât seem to be moving towards a better understanding.Â
Guest: Â Ryan Broderick, reporter on online culture, author of the newsletter Garbage Day.
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What Next | Trumpâs Getting His Economy. Yikes.
Donald Trump has been calling for the Fed to cut rates to bolster the economy, and yesterday, they announced they would. The bad news is thatâs because the economy is going to need a lot more bolstering.
Guest:Â Justin Wolfers, economist and professor at the University of Michigan
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Slate Money | Money Talks: Battle of the AI Bots
In this Money Talks: Elizabeth Spiers is joined by Pulitzer Prize-winning journalist Gary Rivlin to discuss his book AI Valley, a deep dive into the Silicon Valley companies that are competing to create the bestâand most profitableâAI model. Gary has been covering the tech world for decades and has seen the major players in this arms race evolve over that time. He discusses the perspectives of the companies competing for AI superiority, what we should and shouldnât be worried about when it comes to this technology, and how he sees the AI boom playing out.Â
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What Next: TBD | Her Daughter Killed Herself. Then She Saw the ChatGPT logs.
After their daughter committed suicide, they found her ChatGPT logâand where artificial intelligence helped her write her suicide note.
Guest: Â Laura Reiley, writer for the Cornell Chronicle.Â
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Slate Money | The Hyundai ICE Raid
This week: ICE raided a Hyundai plant in Georgia. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss the somewhat hamfisted raid that detained hundreds of South Korean workersâdisrupting both Hyundaiâs operations and the local economyâand the potential fallout if foreign companies see this as a reason to avoid investing in the US. Then, Oracleâs stock surged this week thanks to its AI deals, bringing it close to a trillion dollar valuation and briefly making Larry Ellison the richest man in the world. They dive into Oracle actually does and whether itâs really worth the rarified d...
What Next: TBD | You Can't Escape the Charlie Kirk Video
Graphic, violent videos like the shooting of right-wing pundit Charlie Kirk circulate across social media moments after they happen, finding an audience even among people who have made no effort to seek them out.
Guest: Craig Silverman, journalist and cofounder of Indicator.Â
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ICYMI | Does SNL Need Internet Comedians?
Kate Lindsay and Candice Lim dive into the online conversations surrounding recent Saturday Night Live cast announcements. With departing fan favorites (such as Heidi Gardner) come the arrival of new talent, and for the past few years, SNL has been sourcing their talent from your For You Page. From TikTok-prominent comedian Veronika Slowikowska to Dropout regular Jeremy Culhane, what does it mean when internet comedians step into Studio 8H? Do they need SNL, or does SNL need them more?
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What Next: TBD | End of an Electric Avenue
An Inflation Reduction Act subsidy for electric vehicles is being shut down by the Trump administration at the end of September, and automakers are preparing for sales of EVs to slow. Can this nascent industry survive?Â
Guest: Ryan Felton, reporter covering the automotive industry for the Wall Street Journal
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Slate Money | What Do You Pay the Man Who Has Everything?
This week: Tesla offered Elon Musk an incentive package worth a trillion dollars. Â Felix Salmon, Elizabeth Spiers, and Emily Peck discuss Tesla's motivation and why Musk, already the richest man in the world, would be tempted by the outrageous number. Then, the big antitrust case against Google went out with a whimper, with the Judge ruling that they are a monopoly but they donât need to break up the company if they follow a few new rules. The hosts discuss the logic behind the decision and what the ruling might signal to other companies. And finally, with the pro...
ICYMI | The Gaylor Fandom Is Going Through It
On todayâs episode, hosts Candice Lim and Kate Lindsay are joined by Spitfire News writer Kat Tenbarge, who came to the defense of the Gaylor fandom (people who believe Taylor Swift is secretly queer) after they were accused of âcrashing outâ in light of her engagement to Travis Kelce. But who are the Gaylors, really? And why are they always the butt of the joke?
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What Next: TBD | Is the A.I. Bubble Bursting?
Weâve been told that artificial intelligence can write, code, generate imagesâit can do everythingâŚexcept feasibly turn a profit. But investing in A.I. has nevertheless become a pillar of the U.S. economy. Where is this leading us?
Guest: Ed Zitron, author of the newsletter Whereâs Your Ed At and host of the podcast Better Offline.
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Is $55K Enough To Work At Your Favorite Podcast?
Candice Lim and Kate Lindsay talk about the backlash surrounding The Cutting Room Floor, a fashion podcast you may know from its Leandra Medine Cohen episode or its viral Steve Madden interview. Last week, host and creator Recho Omondi went on TikTok to hire a full-time staffer who would be an office administrator, bookings coordinator, and personal assistant. Fans were intrigued until she dropped that this role would pay a salary of $55,000 with no healthcare benefits. TikTok reacted strongly and immediately, taking issue with the low salary and bringing up the privileged candidate who could afford to take a...
Slate Money | Money Talks: The Paradoxes of Patagonia
In this Money Talks: Felix Salmon is joined by author and New York Times reporter David Gelles to discuss his new biography of enigmatic Patagonia founder Yvon Chouinard, Dirtbag Billionaire. David does a deep dive into what makes the brand and its founder so unique, including the paradoxes of a wildly successful company trying to remain environmentally sustainable and a billionaire who believes all billionaires to be âpolicy failures.â
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What Next: TBD | A24 Meets A.I.
A24 rose from âsmall budget indie movie studioâ to âone of the most respected brands in cinemaâ on a reputation for treating filmmakers like auteurs. But as the studio is growing and exploring how to integrate artificial intelligence, itâs at odds with some of the very directors who helped A24 establish itself.
Guest: Alex Barasch, culture editor at the New Yorker
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Slate Money | Sycophantic Suck-Up Machines
This week: Fed governor Lisa Cook is suing the Trump administration over her dismissal. Felix Salmon, Elizabeth Spiers, and Emily Peck, along with guest Kashmir Hill of The New York Times, discuss the weak fraud case being used to oust the Biden-appointed Fed governor and its significance in the fight to preserve the independence of the Federal Reserve. Then, Kashmir goes in depth on the many stories sheâs reported on lately of people forming â intense relationships with AI chatbots that lead to dire consequences including psychosis and death. She and the hosts discuss the role of this new tech...
What Next: TBD | The Great Celebrity Spotify Playlist Hack
The playlists of dozens of high-level government officials and tech executives were suddenly broadcast to the world on a website called âthe Panama Playlists.â But the information wasnât taken by sophisticated hackers infiltrating any mainframesâit was all already publicly available.
Guest: Mike Isaac, New York Times Silicon Valley correspondent.Â
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What Next: TBD | Trump Vs. Cancer Research
President Trump has proposed cutting $2.5 billion from the National Cancer Institute, which in addition to cuts to the National Institutes of Health and research universities almost makes you wonder: whose side is he on in the fight against cancer?Â
Guest: Angus Chen, cancer reporter for STAT news
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Slate Money | ATM Scam Summer School
This week: We got more details on the ATM scam that swept New York City thanks to a teen summer job program and an infinite money glitch last month. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss the mechanics of the scam, the fallout for the many parties involved, and the tragic irony that a program meant to teach teen financial literacy led them straight into a harsh real world lesson. Then, Yieldstreet is part of a growing trend of startups that want to democratize private investing but itâs not proving to be a great bet. The hosts dis...
ICYMI | ChatGPT Has Ruined the Em Dash
Candice Lim and Kate Lindsay get into the war between em dashes and artificial intelligence. Back in 2024, what started as a developer question became an all-out grammar war, with the use of em dashes becoming a possible indicator that something was written using ChatGPT. In the past week alone, several writers have published their defenses of the em dash and how we shouldnât let ChatGPT ruin our favorite keyboard shortcut. However, the em dash may be a symptom of a bigger issue: have our AI detection skills gotten worse? Or, are we all doomed to be tricked by a...
What Next: TBD | The CDC Under Fire
Two weeks ago, a gunman fired over 500 bullets at the Centers for Disease Control and Prevention building in Atlanta. Between the anti-public health rhetoric coming from Robert F. Kennedy Jr. at the top, personnel cuts and firings, and now a literal shooting, many employees are reaching their breaking point. Â
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Guest: Lauren Weber, health science accountability reporter for the Washington Post.
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