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The Private Equity Confidence Game
This week: The new book Money to Burn goes deep on private-equity behemoth Apollo Global Management and its billionaire cofounder and former CEO, Leon Black. Felix Salmon, Elizabeth Spiers, and Emily Peck are joined by author William D. Cohan to talk about his reporting on Black’s investment empire and what it means for Wall Street to be dominated by private equity. They also get into Black’s tragic origin story, messy personal scandals, and strange friendship with Jeffrey Epstein.
In the Slate Plus episode: Your $5K Check’s in the Mail
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.
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The $12.93 Billion Emoji Joke
45:35|This week: Nvidia joined Silicon Valley’s A.I. investment frenzy and bought Hugging Face for $12.93 billion. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss what this deal signals about the astounding amounts of money being thrown around the relatively niche market of A.I. investment. Then, bond yields are on the rise and the hosts discuss why global concern is rising with them. And finally, what do George Santos and Steve Ballmer have in common? Felix will explain.In the Slate Plus episode: The $500 A.I.-powered Mouth CameraWant 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: The Dinosaur Economy
36:12|One-hundred-million-year-old bones are so hot right now. In this Money Talks, Felix Salmon is joined by Salomon Aaron, director of an antiquities gallery specializing in fossils, to explain everything you ever wanted to know about dealing in dinosaurs and why the market has exploded in recent years.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.
Canadian Beef
42:11|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.
P(doom) and Other AI Questions
54:29|This week: the Slate Money hosts ask all their burning A.I. questions to someone who can actually answer them. Felix Salmon, Elizabeth Spiers, and Emily Peck sit down with A.I. expert Noah Brier and pick his brain about the reality of all our A.I. fears, the arms race with China, and how businesses are using it now.In the Slate Plus episode: What’s Up With Robots?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: Do Childcare Subsidies Pay Off?
26:12|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.
What the Shell?
44:03|This week: The Treasury Department announced it’s killing an anti-corruption measure that requires shell companies to identify their beneficiaries. Felix Salmon, Elizabeth Spiers, and Emily Peck explain how a key aspect of the bipartisan Corporate Transparency Act ended up on the chopping block—and what lobbyists and the Trump administration stand to gain from its elimination. Then, the hosts discuss the billionaires who are buying themselves fun little treats like the L.A. Lakers and Broadway theaters. And later: how Italian bank vaults full of Parmigiano-Reggiano cheese are dealing with the extreme heat.In the Slate Plus episode: What’s $6 Million Between Friends?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.
The Unwanted Art Boom
55:02|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.
Money Talks: Live from the Library of Mistakes
42:39|In this Money Talks: Felix Salmon sits down with Lee Buchheit for an in-depth chat on sovereign debt at a live event hosted by The Library of Mistakes. 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.