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 workers–disrupting both Hyundai’s operations and the local economy–and the potential fallout if foreign companies see this as a reason to avoid investing in the US. Then, Oracle’s 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 it’s really worth the rarified distinction of being a trillion dollar company. And finally, JP Morgan is about to open its incredibly fancy new headquarters at 270 Park Avenue and Felix hates it. The hosts discuss the landscape of massive bank buildings in New York City and the extremely plush amenities 270 Park will be offering to keep workers on site.
In the Slate Plus episode: Zuckerberg (Mark E.) v. Zuckerberg (Mark S.)
Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jessamine Molli and Cheyna Roth.
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What Do You Pay the Man Who Has Everything?
This week: Tesla offered Elon Musk an incentive package worth a trillion dollars. 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 don’t 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 prospect of Trump’s tariffs being ruled illegal by the Supreme Court, traders are buying up tariff refund rights. So, Felix gets to nerd out about litigation finance.
In the Slate Plus episode: Tilting at Wind Turbines
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Podcast production by Jessamine Molli and Cheyna Roth.
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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 “policy failures.”
Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jessamine Molli and Cheyna Roth.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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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 she’s reported on lately of people forming intense relationships with AI chatbots that lead to dire consequences including psychosis and death. She and the hosts discuss the role of this new technology in our society, the unknowable consequences of its unchecked ubiquity, and what can be done to protect users from potential dangers.
From the Numbers Round: Emily’s Birthday Pancakes
PLEASE NOTE: There is discussion of suicide in this episode. If you are in need of help, 988 is the three-digit, nationwide phone number to connect directly to the Suicide & Crisis Lifeline. Text, call, or chat 988.
In the Slate Plus episode: Big Money on Taylor & Travis
Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.
Podcast production by Jessamine Molli and Cheyna Roth.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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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 it’s not proving to be a great bet. The hosts discuss the economy of private investment and ask whether or not it's a good idea to make it more public. And finally, the Wall Street Journal published an opinion piece from a 22-year-old about how you should sacrifice your youth to get rich. What’s the real value in trying to become a “thought leader” with pieces like this?
In the Slate Plus episode:
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Podcast production by Jessamine Molli and Cheyna Roth.
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A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon.
Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of our show page. Or, visit https://slate.com/moneyplus to get access wherever you listen.
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