Aug 2, 2023

An economic vibe shift?

Drew Angerer/Getty Images

Is it time to stop all this recession talk? Then, looking at how banks are thinking about the Federal Reserve's new payment service.

Segments From this episode

Inflation moderates in manufacturing and job market

by Mitchell Hartman

Aug 2, 2023

As supply chains normalize and labor demand slackens, prices and wages are cooling off.

The easing of inflation is especially visible in vehicle production, said Garrett Nelson at CFRA.

Suzanne Cordeiro/AFP via Getty Images

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AI likely to make voice assistants smarter

by Matt Levin

Aug 2, 2023

Google aims to “supercharge” Google Assistant with the same tech that underlies ChatGPT, which could boost communication.

Programs like Google Assistant, Amazon's Alexa and Apple's Siri still have problems understanding exactly what people say, but artificial intelligence may improve their functionality.

Robyn Beck/AFP via Getty Images

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Superconductor breakthrough claims draw interest and skepticism

by Sabri Ben-Achour

Aug 2, 2023

Claims of a room-temperature superconductor have gone viral, but others' earlier claims to have achieved this have been debunked.

A superconductor chilled to a very cold temperature levitates under magnets. It's called the Meissner effect.

iStock/Getty Images

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The Federal Reserve could help instant payments catch on

by Justin Ho

Aug 2, 2023

Many small banks have been hesitant to offer instant payments, even though they’ve been available for years. But the central bank’s FedNow service could cause more banks to give instant payments a try.

A couple of weeks ago, the Federal Reserve launched FedNow, a new payment service that allows people to send and receive money instantly.

Daniel Slim/AFP via Getty Images

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Getting private scholarships for college doesn’t necessarily mean a reduced bill

by Stephanie Hughes

Aug 2, 2023

Sometimes schools will take private scholarship money and subtract that from its institutional grant. It’s known as scholarship displacement, and a handful of states are passing laws to end it.

Sometimes schools will take private scholarship money and subtract that from its institutional grant, a practice known as scholarship displacement.

Eduardo Munoz Alvarez/Getty Images

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Music from the episode

Reap What You Sow daKAH Hip Hop Orchestra

California Sunset Poolside

Lost Girl Noelle (Deltarune) GlitchxCity, DJ Cutman

Call The Foreign Exchange

Hypercolor goosetaf, anbuu, chromonicci

Shark Smile Big Thief

Superposition Young the Giant

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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