Whaddya mean capital got “more expensive”?

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 4 December 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Seventeen percent of Spotify employees were laid off today in the company’s third round of layoffs this year. CEO Daniel Ek says a major reason for staff cuts is that capital has “become more expensive.” But how can money suddenly cost more? In this episode, why companies that grew by borrowing a bunch are scaling back in a high-interest-rate environment. Plus, gold isn’t the stable investment some think it is, 3D-printed houses could aid the affordable housing crisis and going splitsies on dinner is now en vogue.

Transcript

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0:00.0	It's the sound of another sale on Shopify, the all-in-one commerce platform to start, run, and grow your business.
0:08.0	Shopify is the commerce platform revolutionizing millions of businesses worldwide, covering all your sales channels,
0:16.3	from the Shopfront Ready POS system to its all-in-one e-commerce platform. Shopify even gets
0:22.2	you selling across social media marketplaces like Facebook,
0:25.6	Instagram and Tik-Tock.
0:27.6	It's time to get serious about selling and get Shopify today.
0:31.7	Sign up for a one pound per month trial period at Shopify today. today. Sign up for a one pound per month trial period at shopify.co. UK slash marketplace, all lower case.
0:39.3	Go to shopify.co.uk. marketplace to take your business to the next level today.
0:45.0	Shopify.co. UK slash Marketplace.
0:50.0	Hi, this is Nicole from Camp Hill, Pennsylvania. I'm always surprised how much
0:55.0	content marketplace can pack into 30 minutes. Listening as part of my daily
0:59.1	routine. I love the way they make the content digestible and relatable for us folks who don't have a strong background in economics or business.
1:07.0	Join me by making a gift to marketplace today at marketplace.org.
1:11.0	slash donate.
1:27.8	On the program today the safest of safe havens, the cost of money for corporate America, and home construction disrupted from American public media. this is marketplace. In Los Angeles, I'm Kyle Rizdahl. It is Monday, today the 4th of December.
1:47.6	It is always to have you along, everybody.
1:50.4	We begin today with a story that is part consumer confidence, part commodity investing, part interest rates and the dollar, and part the truism and old adage, the adage in question being that in times of uncertainty people just want to
2:06.0	know their money is safe and what is a safer haven than gold? Bullion hit a
2:11.8	record high today more than 2,100 an ounce during the trading day over in Asia.
2:16.4	It has backed down a bit since then, but Element 79 on the periodic table has been climbing for weeks now as investors react to global uncertainty.
2:25.8	Marketplace is Kimberly Adams gets us going.
2:28.8	When gold prices get this high, financial consultant Jeff Rita Brown knows to get ready for the questions.
	...

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