Judge Blocks $30B Credit Swipe Fee Deal & Rivian's $5B Lifeline From Volkswagen

Episode 352: Neal and Toby recap the credit card swipe battle between credit card networks, merchants, and customers. The $30B meant to take a step forward in resolving high swipe fees was blocked by a judge. Then, Volkswagen invests $5 billion into Rivian, giving it new life that may pave the way for the top of the EV market. Next, the tragic lithium battery fire in South Korea highlights another problem with the batteries that are found in almost all of our daily devices. Also, Denmark will charge farmers for every cow, making it the first carbon tax in the world. Meanwhile, money-market funds reach all-time highs…and that might not be a good thing. Lastly, it’s been 50 years since the very first product was scanned by barcode. How did a simple design transform the economy? Download the Yahoo Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. 00:00 - Toys R Us AI commercial 2:50 - Swipe fee battle continues 7:10 - Rivian gets new life 11:45 - Lithium battery hazards 15:15 - World’s first carbon tax 19:00 - Avoid the cash trap 22:15 - 50th anni of the first barcode scan Get your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Investors must review the Options Disclosure Document (ODD): public.com/ODD. See Fee Schedule and Options Rebate & Referral T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC. See terms of the Options Rebate Program. Rebate rates vary from $0.06-$0.18 and may depend on time of enrollment and number of referrals. Rates are subject to change at any time. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing., member FINRA & SIPC. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices