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The Disparate Impact Edition
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On this episode of Slate Money, host Felix Salmon of Fusion, Cathy O’Neil of mathbabe.org, and Slate’s Moneybox columnist Jordan Weissmann discuss how everybody's a little bit different. Topics discussed on today’s show include: The Consumer Financial Protection Bureau looks at racial discrimination in car loans. And how racial discrimination in loans is done. Can Jack Dorsey run both Square and Twitter? Private equities buy back distressed mortgages, and Elizabeth Warren's plea. Check out other Panoply podcasts at itunes.com/panoply. Slate Money is brought to you by Braintree. Looking to set up payments for your business? Braintree gives your app or website a payment solution that accepts just about every payment method with one simple integration. Plus, we’ll give you your first $50,000 in transactions fee-free. To learn more, visit BraintreePayments.com/slatemoney. And by OPEN ACCOUNT, a podcast series created by SuChin Pak and Umpqua Bank. OPEN ACCOUNT explores, through honest and sometimes comical interviews, our uncomfortable silence around money. OPEN ACCOUNT is available now on iTunes. And by Goldman Sachs. Get information about developments currently shaping markets, industries, and the global economy on the firm’s podcast, ‘Exchanges at Goldman Sachs,’ available on iTunes.
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The Legacy of “Tim Apple”
45:10|This week: Tim Cook announced he was stepping down as Apple’s CEO after 15 years. Felix Salmon, Elizabeth Spiers, and Emily Peck, unpack his unique legacy as the leader of the very beloved, very visible brand. Then, Axios’ Senior Health Care Editor Adriel Bettelheim joins to explain what peptides are and how RFK Jr. is trying to throw the doors open for the undertested wellness trend. And finally, they get into The Onion’s mission to take over the right-wing conspiracy platform InfoWars in the name of parody and paying the victims of Sandy Hook. In the Slate Plus episode: The Avis short squeeze.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 and Cheyna Roth.Allbirds Aren’t Real
46:52|This week: Sneaker company Allbirds announced a pivot into A.I. infrastructure. Felix Salmon, Elizabeth Spiers, and Emily Peck explain why this absurd-sounding venture is actually a pretty clever piece of financial engineering. Then, the hosts get into the market surge that put the S&P 500 at a record high. And finally, the courts confirmed what we all knew: Live Nation and its subsidiary Ticketmaster are screwing everyone over. The hosts discuss what led to the federal jury ruling that the concert behemoth was acting as a monopoly. In the Slate Plus episode: The con behind SantaCon.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.Money Talks: Psychopathy and Success
33:46|In this Money Talks: Elizabeth Spiers is joined by psychologist Dr. Leanne ten Brinke whose new book, Poisonous People, explores the impact that people with psychopathic and related personality traits have on our everyday lives. Leanne explains her research on “dark personality traits” and success in the business world, how to spot a true psychopath, and what to do if you find yourself working with one. 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.Memestocks are Spreading
50:45|This week: Retail investors usually stick to the stock market, but many are rushing to make bets on oil futures. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss Emily’s piece about “dumb money” moving into more sophisticated trading markets—thanks to new crypto-driven platforms—and what’s motivating the trend. Then, the hosts examine Bill Ackman’s grand plan to take over Universal Music Group, and explain the difference in how his SPARC differs from a SPAC. Finally, the hosts delve into the New York Times’ quest to uncover the mysterious creator of Bitcoin, the pseudonymous Satoshi Nakamoto, and argue over the investigation’s conclusion. In the Slate Plus episode: Do men suck at grocery shopping?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.Spice World
41:41|This week: OpenAI completed a $122 billion investment round. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss what this deal says about the private and public markets and try to wrap their heads around the astronomical valuations of OpenAI and SpaceX. Then, Maryland-based spice company, McCormick, announced it will merge with Unilever’s food division to create a new spice and sauce mega-company. The hosts discuss the unusual case of a smaller company absorbing a larger one, and why Unilever's stock is currently plummeting. Finally, the hosts break down the WNBA's landmark collective bargaining agreement and why Nobel laureate Claudia Goldin was the MVP of the negotiation. In the Slate Plus episode: The largest single home sale on record. This episode is member-exclusive. Listen to it now by subscribing to Slate Plus. By joining, not only will you unlock weekly bonus episodes of Slate Money—you’ll also 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 MolliThe Illusion of ‘America’s Next Top Model’
43:36|In this Money Talks: Journalist Bridget Armstrong joins Emily Peck to discuss this moment of reckoning for the iconic reality show America’s Next Top Model and what she learned in reporting for her podcast Curse of: America’s Next Top Model. They explore how Top Model’s central promise—a fast track to a career in the fashion industry—was ultimately an illusion used to make great television at the expense of the contestants. 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.Trade or Treason?
46:50|This week: Just minutes before Trump posted about talks with Iran, oil markets saw a flurry of activity. Conspiracy theories followed. Felix Salmon, Elizabeth Spiers, and Emily Peck dissect the suspicious timing of those trades and the possibility of insider trading within the Trump administration. Then, the hosts react to the surprising ruling on Meta and social media addiction. And: OpenAI’s sudden decision to shut down its consumer-facing video generation platform, Sora. In the Slate Plus episode: The treasury market rom-comWant 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.Money On Film: Spirited Away
29:05|Welcome to a very special Money On Film miniseries!Over three episodes, Slate Money’s Felix Salmon and Slate culture writer Nadira Goffe revisit three films at the intersection of culture and finance. On this episode, Nadira and Felix take a trip to a bathhouse for spirits in 2001’s Spirited Away.Directed by Hayao Miyazaki, the film follows a girl named Chihiro, who becomes trapped in the spirit world and must save her parents, encountering soot sprites, river spirits, a giant baby, and many more wonderful and terrifying beings along the way.The film is a masterpiece of storytelling and technical animation, but as Felix explains, it also works as a highly developed metaphor for capital and the Japanese economy at the close of the millennium: the bathhouse stands in for a stable but exploitative economic system, beset by outside capital forces, with workers stripped of their names and identities.This is the final episode of the Money On Film miniseries. Thanks for listening!Money On Film: Materialists
27:04|Welcome to a very special Money On Film miniseries!Over three episodes, Slate Money’s Felix Salmon and Slate culture writer Nadira Goffe revisit three films at the intersection of culture and finance. On this episode, Felix and Nadira discuss dating and money in Celine Song’s 2025 romantic comedy Materialists, which centers on a love triangle between a millionaire matchmaker (Dakota Johnson), a hunky financier (Pedro Pascal), and an old flame and out-of-work actor (Chris Evans). While not particularly romantic or comedic, the film raises questions about the role money plays in modern dating, how we select partners based on financial viability, and whether romance itself might be a bit overrated.Next time on Money On Film: Spirited Away. See you then!