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Business and Financial NewsFind the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.

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Who’s buying all the beef?

NYC is home to El Gauchito, an Argentine butcher with beef cuts like this Darian Woods/NPRhide caption

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Who’s buying all the beef?

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Kids are expensive. Do they have to be?

Daycare is expensive. Should it be? Getty Images/Getty Imageshide caption

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Who’s afraid of universal childcare?

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Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas in January.

Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas in January. Patrick T. Fallon/AFP via Getty Imageshide caption

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Saudi journalist Jamal Khashoggi was last seen visiting Saudi Arabia's consulate in Istanbul on Oct. 2.

Jamal Khashoggi. Mohammed Al-Shaikh/AFP via Getty Imageshide caption

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The Consumer Sentiment vs. Consumer Spending Puzzle
Chris Jackson/Getty Images

The Consumer Sentiment vs. Consumer Spending Puzzle

Wherever consumer sentiment goes, consumer spending usually goes too. They’re like buddies that do everything together. Consumer sentiment wants a hair cut, its buddy consumer spending does too.But lately, these friends are drifting apart.While consumer sentiment about the economy is down … spending remains strong. And not just that… Interest rates are still high, inflation is growing, tariffs have made the prices of goods go up. And yet, consumer spending looks good. What gives?Today - a consumer spending mystery. Is the economy actually healthy? Or is something distorting our view of the economy?Pre-order the Planet Money book and get a free gift. /  Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode was hosted by Sarah Gonzalez and Kenny Malone. It was produced by James Sneed. It was edited by Meg Cramer and fact-checked by Sierra Juarez. It was engineered by Debbie Daughtry and Kwesi Lee. Alex Goldmark is Planet Money's executive producer.

The Consumer Sentiment vs. Consumer Spending Puzzle

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Kate Hippler adjusts a THOR-5F female crash test dummy in a vehicle at Humanetics in Farmington Hills, Mich., Tuesday, June 10, 2025.

Kate Hippler adjusts a THOR-5F female crash test dummy in a vehicle at Humanetics in Farmington Hills, Mich., Tuesday, June 10, 2025. Paul Sancya/APhide caption

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Paul Sancya/AP
A rare earth minerals mine in China's Jiangsu province, photographed in 2010.

A rare earth minerals mine in China's Jiangsu province, photographed in 2010. ‎/AFP via Getty Imageshide caption

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Packages of ground beef are seen at a supermarket in Houston, Texas.

Packages of ground beef are seen at a supermarket in Houston, Texas. RONALDO SCHEMIDT/AFP/Getty Imageshide caption

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A person holds a container of ByHeart infant formula.

ByHeart is recalling all of its infant formula products after they were linked to a growing botulism outbreak in over a dozen states. They were available in cans and single-serve packets online and at major retailers. Cheyanne Mumphrey/APhide caption

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Cheyanne Mumphrey/AP
A man wearing a blue hoodie walks past a building with a "now hiring" sign in the window.

Hiring picked up in the early fall after a lackluster summer. A report from the Labor Department on Thursday shows employers added 119,000 jobs in September. Frederic J. Brown/AFP via Getty Imageshide caption

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A collage of photos showing students walking under an arch that says Purdue University, a man walking past a Harvard sign and college students sitting under trees at the University of New Mexico.

After adjusting for inflation, tuition has essentially doubled for private and public colleges over the past 30 years. Getty Images/Emily Bogle/NPRhide caption

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Getty Images/Emily Bogle/NPR
A monarch butterfly feeds on milkweed, July 15, 2025, in Chicago.

A monarch butterfly feeds on milkweed, July 15, 2025, in Chicago. Erin Hooley/APhide caption

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Erin Hooley/AP
A man reacts as he arrives at his burned home during the Eaton fire in the Altadena area of Los Angeles on January 2025.
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The staff of Chicago Women in Trades lead a parade of female construction workers at the Tradeswomen Build Nations conference in Chicago on September 20, 2025.

The staff of Chicago Women in Trades lead a parade of female construction workers at the Tradeswomen Build Nations conference in Chicago on Sept. 20, 2025. Andrea Hsu/NPRhide caption

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Days of our Tariffs

Days of our Tariffs

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American auto parts suppliers book times at the Mazda-Toyota table for speed dating.

American auto parts suppliers book times at the Mazda-Toyota table for speed dating. Stephan Bisaha/Stephan Bisahahide caption

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Stephan Bisaha/Stephan Bisaha

Looking for love in the auto supply chain

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Facebook employee take a photo in front of new Meta Platforms Inc. sign outside the company headquarters in Menlo Park, Calif., Thursday, Oct. 28, 2021.

Facebook employee take a photo in front of new Meta Platforms Inc. sign outside the company headquarters in Menlo Park, Calif., Thursday, Oct. 28, 2021. Tony Avelar/APhide caption

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Tony Avelar/AP
A stray penny sits next to machinery at the U.S. Mint in Philadelphia, where the final one rolled off the presses last week.

Farewell, sweet penny. The last of you was minted last week, but you will never stray far from our thoughts and aphorisms. Matthew Hatcher/Getty Imageshide caption

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Is a 50-year mortgage really that much crazier than a 30-year one?
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A flag flies at Warner Bros. Studio on Sep. 12, 2025 in Burbank, Calif.

A flag flies at Warner Bros. Studio on Sep. 12, 2025 in Burbank, Calif. Mario Tama/Getty Imageshide caption

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How to make switching jobs not terrifying

Rakul Skardenni found a smooth path towards a new job with Denmark's "flexicurity" system John Mcconnico/Getty Imageshide caption

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John Mcconnico/Getty Images

How to make switching jobs not terrifying

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