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Marketplace All-in-One

Leading economic indicators fall for the second straight month

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 17 May 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

The Conference Board’s forward-looking index falls; Reddit reaches a deal with OpenAI; China puts out a housing market rescue plan; Chevy Bolt owners are in line for settlement money.

Transcript

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0:00.0

The leading economic indicators fall again.

0:03.5

I'm Henry App with the Marketplace Minute.

0:05.6

A grouping of forward-looking measures of the country's economic health fell in April

0:09.7

for the second straight month.

0:11.2

The Conference Board's leading economic index dropped

0:13.9

six-tenths of a percent, but as in March the index did not point towards a recession.

0:18.8

Reddit will allow open AI to access its data for its generative bot chat cheap IT

0:24.7

it's the social network's latest move to raise revenue.

0:27.4

It signed a similar deal with Google in January and offered shares to public

0:31.1

investors in March. The Chinese government unveiled new plans to shore up the

0:35.2

country's crumbling housing market. They will push city governments to buy up empty properties and convert

0:40.3

them to affordable housing. China will also relax some down payment and mortgage rate

0:44.8

rules. And some Chevy Bolt owners are in line for part of a $150 million relief fund.

0:50.8

It's part of a settlement between Chevy owner GM and Battery Maker LG.

0:55.0

GM began recalling the vehicles in 2020 after batteries caught fire.

0:59.0

I'm Henry Epp with the marketplace minute.

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