Marketplace All-in-One

• Outsourced jobs threatened by AI

  Experts are still in the early stages of understanding just how much generative AI will disrupt the labor force. A new report by MIT finds that the adoption of AI led some firms to cut back spending on jobs that were often already being outsourced — things like customer support, software engineering, and administrative tasks. We'll learn more. Also: the dollar's role as the world's "reserve currency" and a $2 billion lifeline for Intel.

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• Intel secures a $2 billion investment

  From the BBC World Service: Japan’s SoftBank has invested $2 billion in U.S. chipmaker Intel, which has been losing ground lately in the booming AI market. It also comes as the U.S. government weighs whether to take a direct stake in the company. And, as historic White House talks spark hopes of a Putin–Zelensky summit, the war in Ukraine grinds on, with Russia turning to North Korea to plug major labor gaps.

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• China tells businesses to embrace AI. Where does that leave humans?

  Marketplace’s Jennifer Pak recently attended the World Artificial Intelligence Conference in Shanghai. She asked Chinese AI firms what they think about the humans who might lose jobs to their AI products.

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• As many shoppers scrimp and stress, the wealthiest splurge

  New context for the strong-consumer-spending-and-falling-consumer-sentiment combo: According to a Boston Fed report, the proportion of spending done by top-earning U.S. households is growing, and the share spent by lower-income Americans is shrinking. What might that widening gap tells us about the trajectory of this economy? Plus: Strong Q2 corporate earnings are an economic bright spot, U.S. energy exports may not break records again this year, and we investigate who profits from the tripled ICE budget.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

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• USPS’s EV plans face a Republican roadblock

  Republicans in Congress are attempting to claw back federal funding to replace the U.S. Postal Service’s outdated mail trucks with a mostly electric fleet. We’ll break down the fight. And, parents across the country are facing a slew of economic headwinds. How does a couple with 5 kids and a modest income make it work? Plus, a mysterious comet and a rebrand at MSNBC.Here’s everything we talked about today:"Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service" from AP News"Senate Republicans cannot force US Postal Service to scrap EVs, parliamentarian says" from Reuters "What It’s Really Like to Support a Big Family on a Modest Income in America" from The Wall Street Journal "MSNBC to change name to MS NOW amid spinoff from NBCUniversal" from NBC News"A mysterious comet is shooting through our solar system. Why are scientists so excited about 3I/Atlas?" from The Guardian We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

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