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Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us."  Hosted by Kai Ryssdal, award-winning Marketplace is public radio's daily magazine of business and economics. Marketplace takes a fresh approach to business news covering  listeners from wallet to Wall Street. 

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Mitchell Hartman

Chinese president Xi Jinping begins a state visit to the U.S. on September 22 in the Seattle area. He is scheduled to tour a massive Boeing assembly plant, visit a local high school, and meet with high-tech executives at Microsoft’s headquarters.

It's not just big oil that's struggling

Sep 17, 2015
Kai Ryssdal, Mukta Mohan and Bridget Bodnar

As prices fall, small companies are getting squeezed along with the big players. Steve Plants is the co-owner of Plants & Goodwin Inc. in Pennsylvania, which operates stripper wells. These kinds of wells make less than 10 barrels of oil per day, and owning is about volume — the more wells, the more oil. But unless business owners diversify their services, effects of the price drop will be hefty. 

On how business is going:

Marketplace for Thursday, September 17, 2015

Sep 17, 2015

Economy's fine, raise coming soonish; the latest on cable consolidation; and change is on the shelves at La Tropicana grocery store.

York & Fig: How one lucky store beat the odds

Sep 17, 2015
Karen Clark and Caitlin Esch

What happens to people who get displaced when a neighborhood undergoes gentrification? About a year ago, Marketplace’s Wealth & Poverty team did something unusual — set up a “pop-up” bureau in the Highland Park neighborhood of Los Angeles. The goal was get a street’s-eye view of the changes happening there, as hip new bars and shops replaced old businesses, as longtime residents sold their homes to young couples.  The team is revisiting Highland Park in a three-part podcast to see how the neighborhood continues to evolve.

Andy Uhler

The U.S. Forest Service is breaking records — but they're not the ones they like to brag about. The agency spent $243 million the last week in August dealing with more than 75 wildfires in the West. Agriculture Secretary Tom Vilsack said he expected the service will spend $200 million more in coming weeks as the fire season deepens. Some of that money goes to firefighters on the front line, but a lot of it goes to contractors.

Three things we learned from the Federal Reserve today

Sep 17, 2015
Nancy Marshall-Genzer

The Federal Reserve Open Market Committee decided — again — to wait to increase interest rates, which have been near zero since 2008. Federal Reserve Board Chair Janet Yellen held a press conference in Washington after the announcement. Here are three takeaways: 

Altice adds Cablevision to its U.S. cable holdings

Sep 17, 2015
Annie Baxter

Consolidation in the cable industry is continuing. AT&T scooped up DirecTV, Charter Communications bought Time Warner Cable. The latest play: Altice, a European cable and telecommunications company, is snapping up Cablevision, based in New York.  It's Altice's second acquisition of a U.S. cable operator, and the company's presence in the U.S. could grow.

Nova Safo

It took just one day following the release of Apple's new mobile operating system, iOS9, for ad-blocking applications to join the most popular downloads in the tech giant's app store.

While consumers might like the ability to block ads, which are increasingly clogging up the web, publishers are worried that introducing ad-blocking capability on mobile could fundamentally change their fortunes. 

La Tropicana thrives in a changing neighborhood

Sep 17, 2015
Karen Clark

The audio version of this story will be added shortly.

La Tropicana is a corner market in the northeast Los Angeles neighborhood of Highland Park. Outside it has signs for lotto tickets and money transfers. Inside, shelves of groceries crowd skinny aisles.

PODCAST: Who wins from a hike in interest rates?

Sep 17, 2015
Molly Wood

On today's show, we'll talk about the reasons shares in U.S. cable company Cablevision are soaring Thursday morning; what to expect from the (possible) hike in interest rates; and who would stand to benefit most should the Fed choose to raise them.

Home foreclosures down, bank repos up

Sep 17, 2015
Mitchell Hartman

Data firm RealtyTrac reports there were 45,072 foreclosure starts in August 2015 — a decline of 19 percent year-over-year to the lowest level since November 2005. The average number of new foreclosure filings per month is now consistently lower than it was in the years immediately preceding the Great Recession. Back in mid-2009, at the height of the housing crisis, new foreclosure filings peaked just above 200,000 per month.

Airing on Thursday, September 17, 2015: On today's show, we'll talk about GM's settlement with the U.S. government; a drop in foreclosures for August; and the surprising amount of confidence investors have in the stock market.

Marketplace Tech for Thursday, September 17, 2015

Sep 17, 2015

Airing on Thursday, September 17, 2015: On today's show, we'll talk about Comcast's plan to expand its coverage to businesses; banks exploring the block chain; and Farhad Manjoo stops by to talk about mobile ad blocking in iOS 9.

Saving seniors hope for higher interest rates

Sep 17, 2015
Nancy Marshall-Genzer

Update: The Federal Reserve announced Thursday it will keep its interest rate target near zero.

Whenever a long-awaited increase happens, it will make some folks very happy: savers.

Altice has a vision for Cablevision

Sep 16, 2015
Marketplace staff

$17.7 billion

That's how much Altice, a European juggernaut in telecommunications, will pay for U.S. cable company Cablevision. It's part of an effort by the European company to expand into the American markets. As the New York Times reports, this latest move will put it just behind several major U.S. companies like Comcast and Time Warner Cable.