Slate Money

This week: Meta settles with the U.S. states suing the company over teen safety concerns. Emily Peck and Elizabeth Spiers are joined by Scarlet Fu of the new Bloomberg Money (while Felix is stuck on a tarmac somewhere in Canada) to discuss if Meta’s $17 billion settlement is as big of a deal as it sounds, and what this outcome really means for the social media guardrails overall. Then, they turn to the disastrous trade talks between the U.S. and Canada and how President Trump’s tactics have managed to piss off our friendliest ally. And finally, they’ll discuss why Treasury Secretary Scott Bessent’s latest market tinkering has everyone chiming in.In the Slate Plus episode: The Big A.I. Writing DebateWant 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. Hosted on Acast. See acast.com/privacy for more information.

In this Money Talks: Martha Gimble, the Executive Director of the Budget Lab at Yale, joins Elizabeth Spiers to explain their recent report on early childhood education and care policies and how federal subsidies could realistically work to make these things affordable.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. Hosted on Acast. See acast.com/privacy for more information.

This week: On the heels of his recent story on the glut of art that baby boomers are leaving to younger generations, Felix Salmon talks with Elizabeth Spiers and Emily Peck about why boomers like to collect things—from fine art to Pez dispensers—and why younger generations aren’t necessarily following suit. Then, the hosts look at why Scott Bessent decided to prop up the Japanese yen and what makes the move unusual. And finally, they talk about why weather apps are ruining our summer fun.In the Slate Plus episode: The House That Loopholes BuiltWant 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. Hosted on Acast. See acast.com/privacy for more information.

This week: Situational Awareness—an A.I.-forward hedge fund led by a former wunderkind and OpenAI employee—was tanking fast until a rival fund stepped in. Felix Salmon, Elizabeth Spiers, and Emily Peck explain the series of events that led to Citadel swooping in to buy the bulk of assets held by 25-year-old Leopold Aschenbrenner’s investment firm. Then, it’s time to talk about the “crack spread”—aka the reason we aren’t seeing relief at the gas stations despite steadying oil prices. And finally, the hosts discuss the backlash to the SEC’s proposal to do away with its quarterly report requirement. In the Slate Plus episode: Is Cheaper Gas Worth Your Time?After publication Citadel reached out with the following corrections and points of clarification:Citadel, the hedge fund, executed the Situational Awareness trade, not Citadel Securities.Citadel Securities is a market maker, not a bank. Citadel Securities’ Frank Flight, Head of Macro Strategy, released his July analysis on the potential Fed rate hike.Citadel and Citadel Securities are separate companies; Ken Griffin does not serve as the Chief Executive Officer of Citadel Securities. While founded by Ken, Citadel Securities’ Chief Executive Officer is Peng Zhao.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. Hosted on Acast. See acast.com/privacy for more information.