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NPR Topics: Business
Oct 31, 2024

The U.S. once banned Chinese immigrants — and it paid an economic price
In 1880, the Chinese were the biggest group of immigrants in the western U.S. But Sinophobic sentiments crystallized into racist policies and eventually the Chinese Exclusion Act of 1882. The rationale was that banning Chinese laborers would boost job opportunities for U.S.-born workers. Today, an economist explains how the Chinese exclusion laws affected the economies of western states and what it says about our current debate over immigration and jobs.

Read the working paper co-authored by Nancy Qian.

A digital scan of the photo album in the California Historical Society's collections is available here.

For more on this period of history, check out At America's Gates: Chinese Immigration during the Exclusion Era, 1882-1943 by Erika Lee.

Related episodes:
What's missing in the immigration debate (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 31, 2024

Why abortion referendums are also about the economy
Abortion is on the ballot in 10 states. The vote results will have consequences beyond women's reproductive rights.

NPR Topics: Business
Oct 31, 2024

How California Gov. Newsom is trying to keep Hollywood filmmaking magic in Los Angele
Film and TV production has been moving out of Los Angeles for the past few years. California Gov. Gavin Newsom has unveiled a proposal to reverse that trend, but industry leaders are still worried.

NPR Topics: Business
Oct 31, 2024

How California Gov. Newsom is trying to keep Hollywood filmmaking magic in Los Angeles
Film and TV production has been moving out of Los Angeles for the past few years. California Gov. Gavin Newsom has unveiled a proposal to reverse that trend, but industry leaders are still worried.

NPR Topics: Business
Oct 30, 2024

So your data was stolen in a data breach
If you... exist in the world, it's likely that you have gotten a letter or email at some point informing you that your data was stolen. This happened recently to potentially hundreds of millions of people in a hack that targeted companies like Ticketmaster, AT&T, Advance Auto Parts and others that use the data cloud company Snowflake.

On today's show, we try to figure out where that stolen data ended up, how worried we should be about it, and what we're supposed to do when bad actors take our personal and private information. And: How our information is being bought, sold, and stolen.

This episode was hosted by Amanda Aronczyk and Keith Romer. It was produced by Sam Yellowhorse Kesler and edited by Meg Cramer. It was engineered by Ko Takasugi-Czernowin with an assist from Kwesi Lee, and fact-checked by Dania Suleman. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

NPR Topics: Business
Oct 30, 2024

An Elon Musk-backed political group is posting fake Kamala Harris ads on Facebook
Ads seemingly advocating for Vice President Kamala Harris on Facebook are really part of an effort by a dark money group to mislead voters. The messages have been viewed millions of times.

NPR Topics: Business
Oct 30, 2024

What's missing in the immigration debate
Immigration is a top concern among U.S. voters this election cycle. But Zeke Hernandez, a professor at the University of Pennsylvania who studies immigration,thinks politicians and the media aren't giving the public the full story. Too often, he argues, they paint immigrants as objects of pity or fear, when the reality is much more complex — and positive. Today on the show, we look beyond the binary and explore the less talked about ways documented and undocumented immigrants shape the U.S. economy.

Zeke's book is called The Truth About Immigration: Why Successful Societies Welcome Newcomers.

Related listening:
Is the border crisis really a labor market crisis? (Apple / Spotify)
Do immigrants really take jobs and lower wages? (Apple / Spotify)
Welcome to the USA! Now get to work (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok,

NPR Topics: Business
Oct 30, 2024

The U.S. economy is growing solidly. Here's what's working — and what's not
The U.S. economy grew at an annual rate of 2.8% in the third quarter, led by strong consumer spending. The news comes days before a presidential election in which the economy has been top of mind for many voters.

NPR Topics: Business
Oct 30, 2024

With much at stake, labor unions knock on millions of doors in final campaign push
With much at stake on Election Day, labor unions have deployed canvassers to knock on doors in swing states. With polling tight, the focus is on turning out the vote.

NPR Topics: Business
Oct 30, 2024

Why Starbucks is losing sales, and what it's doing about it
Shoppers complain that Starbucks isn't fancy enough — but they also say it's too expensive. The new CEO, Brian Niccol, is ordering up change.

NPR Topics: Business
Oct 30, 2024

Starbucks hopes faster drinks, fewer upcharges and nicer mugs bring people back
Shoppers complain that Starbucks isn't fancy enough — but they also say it's too expensive. The new CEO, Brian Niccol, is ordering up big changes.

NPR Topics: Business
Oct 29, 2024

What happens when Social Security runs out of money?
Social Security has thus far been self-sustaining—payroll taxes go into this big fund, which then pays out monthly checks. But the problem we have now is the money coming into that fund is not keeping up with the money going out.

The election hasn't been great for people concerned about the government's finances. The Committee for a Responsible Federal Budget estimates that Donald Trump's election proposals will speed up the rundown in the Social Security fund by a few years.

So, when Social Security runs out of money as it's projected to do ... could we just borrow more money? And if so, what would that mean for the already rising government's debt?

Today on the show, how worried should we be about Social Security and the federal debt? We explain a fresh indicator to assess whether or not America's getting too far in the red.

Related Episodes:
What does the next era of Social Security look like?
Iceberg ahead for Social Security

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 29, 2024

JP Morgan Chase is suing customers over 'infinite money glitch' ATM scam
JPMorgan Chase is filing lawsuits against customers who exploited a viral technical glitch this summer that allowed people to pull huge amounts from Chase ATMs.

NPR Topics: Business
Oct 29, 2024

JPMorgan Chase is suing customers over 'infinite money glitch' ATM scam
JPMorgan Chase is filing lawsuits against customers who exploited a viral technical glitch this summer that allowed people to pull huge amounts from Chase ATMs.

NPR Topics: Business
Oct 29, 2024

What happened to paper tickets and why are people paying for souvenir copies?
Professional sports teams and music venues are among those selling souvenir paper tickets for $20 or more to fans who want a tangible memory of a game they attended. Most tickets are digital now.

NPR Topics: Business
Oct 29, 2024

Why you're seeing scary-high chocolate candy prices this Halloween
Don't be surprised if you see fewer chocolate treats in your trick-or-treating loot. Customers are souring on costly chocolate, resulting from a few disappointing cocoa crop years.

NPR Topics: Business
Oct 28, 2024

Over 200,000 subscribers flee 'Washington Post' after Bezos blocks Harris endorsement
Over 200,000 people canceled their subscriptions in the first few days following news that The Washington Post would not endorse any presidential candidate.

NPR Topics: Business
Oct 28, 2024

What looks like a bond and acts like a bond but isn't a bond?
The Maldives is a small island nation struggling with a heavy debt load. Its borrowing includes $500 million worth of something called sukuk. These are bond-like investments that don't pay interest, to be in line with Islamic law. Today on the show, we explain how sukuk works, how it fits into the larger world of Islamic finance and what might happen if the Maldives can't pay back its debt.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 28, 2024

'Washington Post' decides not to endorse a presidential candidate
NPR's Steve Inskeep talks to former "Washington Post" Executive Editor Marty Baron about the paper's decision not to endorse a presidential candidate.

NPR Topics: Business
Oct 28, 2024

At the heart of the Boeing strike, an emotional fight over a lost pension plan
Pensions are a major sticking point between Boeing and its striking machinists union. Many workers want the company to restore the pension plan they lost a decade ago, but Boeing hasn't budged.

NPR Topics: Business
Oct 28, 2024

McDonald's will begin selling its Quarter Pounders again amid E. coli outbreak
McDonald's says Quarter Pounders will return to its menu at all of its restaurants after it said testing ruled out beef patties as the source of an E. coli poisoning outbreak tied to the burgers.

NPR Topics: Business
Oct 26, 2024

'Washington Post' columnists push back against non-endorsement decision
In a joint column, 17 Post columnists called the paper's decision not to endorse a presidential candidate a "terrible mistake."

NPR Topics: Business
Oct 25, 2024

Why do hospitals keep running out of generic drugs?
There's something strange going on in hospitals. Cheap, common drugs that nurses use every day seem to be constantly hit by shortages. These are often generic drugs that don't seem super complicated to make, things like dextrose and saline (aka sugar water and salt water).

So what's going on? The answer, as with anything in healthcare, is complicated.

On today's show: why hospitals keep running out of generic drugs. The story behind these shortages tells us a lot about how these drugs are made, bought and sold-and, it shows us how these markets can falter without the proper care.

This episode was hosted by Sally Helm and Alexi Horowitz-Ghazi. It was produced by Willa Rubin, with help from James Sneed and Sam Yellowhorse Kesler. It was edited by Martina Castro. Fact-checking by Dania Suleman. Planet Money's executive producer is Alex Goldmark.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

NPR Topics: Business
Oct 25, 2024

An economist answers your questions on love
We ask economists for their expertise all the time on The Indicator, so why not their tips on love? On our final installment of Love Week, we ask economist Tim Harford to answer listeners' relationship quandaries, from paying for a first date to alternatives to saying, 'I love you.'

Thanks to Grant-Lee Phillps for composing our Love Week theme song and Kaitlin Brito for artwork.

Related episodes:
Trying to fix the dating app backlash (Apple / Spotify)
How American heiresses became Dollar Princesses (Apple / Spotify)
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop

NPR Topics: Business
Oct 25, 2024

'Washington Post' won't endorse in White House race for first time since 1980s
The Washington Post declined to make an endorsement in this year's presidential race. Its editorial board has written that GOP nominee Donald Trump is unfit for office.

NPR Topics: Business
Oct 25, 2024

The 'Planet Money' team examines the subscription trap
The FTC has approved the so-called ‘Click to Cancel' rule, making it easier for customers to cancel subscriptions. Planet Money examines why so many services began using the subscription model.

NPR Topics: Business
Oct 25, 2024

McDonald's says onions from California-based company are linked to E. coli outbreak
A California-based produce company was the source of fresh onions linked to a deadly E. coli food poisoning outbreak at McDonald's, restaurant chain officials said.

NPR Topics: Business
Oct 24, 2024

Did the 'L.A. Times' and other news outlets pull punches to appease Trump?
Inside the Los Angeles Times, MSNBC, and the Washington Post, journalists question whether news executives are making editorial decisions with an eye to appeasing former President Donald Trump.

NPR Topics: Business
Oct 24, 2024

Trying to fix the dating app backlash
Unanswered messages. Endless swiping. An opaque algorithm. The backlash to online dating feels like it's reached a fever pitch recently. For today's Love Week episode, why people are unhappy with online dating and what Hinge's CEO is trying to do about it. Also, a Nobel Prize economist delivers a little tough love.

Related listening:
How American heiresses became Dollar Princesses (Apple / Spotify)
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)
Hinge: Justin McLeod (How I Built This)
The dating app paradox
The economics behind sorority rush

Special thanks to Grant-Lee Phillips for our Love Week theme song and Kaitlin Brito for episode artwork.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money v

NPR Topics: Business
Oct 24, 2024

'Gate lice' begone? Airline seeks to enforce order in boarding process
What's a traveler with a carry-on bag to do as they watch scores of people file onto a plane with limited overhead bin space? Wait their turn, American Airlines says.

NPR Topics: Business
Oct 24, 2024

'Los Angeles Times' editor resigns after newspaper withholds presidential endorsement
The editorials editor of the LA Times resigned after the newspaper's owner blocked the editorial board's plans to endorse Vice President Harris for president, a journalism trade publication reported.

NPR Topics: Business
Oct 23, 2024

Boeing machinists reject latest proposal, and a bruising six-week strike continues
Striking machinists voted to reject an agreement that would have boosted wages by 35%. It's another blow for Boeing, which reported a $6 billion quarterly loss on Wednesday.

NPR Topics: Business
Oct 23, 2024

Romance on the screen and on the page: Two Indicators
On today's show, we have two stories from The Indicator, Planet Money's daily podcast. They just launched Love Week, a weeklong series exploring the business and economic side of romance.

First, hosts Wailin Wong and Adrian Ma fire up the gas logs and pour a mug of cocoa to discuss the made-for-TV rom-com machine, and how television executives learned to mass produce seasonal romance.

Then, Wailin and host Darian Woods discuss another romance medium: the romance novel. Once relegated to supermarket aisles, these books are now mainstream. And authors, an often-maligned group within publishing, have found greater commercial success than many writers in other genres. We find out how romance novelists rode the e-book wave and networked with each other to achieve their happily-for-now status in the industry.

This episode is hosted by Erika Beras, Wailin Wong, Adrian Ma, and Darian Woods. These episodes of The Indicator were originally produced by Julia Ritchey and engineered by Kwesi Lee. They were fact-checked by Sierra Juarez. Kate Concannon is The Indicator's Editor.

You can listen to the rest of the series at The Indicator's feed, or at npr.org/love

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

NPR Topics: Business
Oct 23, 2024

Apple and Goldman Sachs ordered to pay $89 million over Apple Card failures
Regulators say the companies hurt hundreds of thousands of users of the credit card, which Apple launched in 2019.

NPR Topics: Business
Oct 23, 2024

How American heiresses became Dollar Princesses
In the late 19th century, British aristocrats had a big problem. They were short on cash to fund their lifestyles and maintain their vast country estates. In our third installment of Love Week, we look at the economic forces that drove some British men of the time to marry American heiresses, dubbed "Dollar Princesses," forming a union of money, status and, sometimes, love.

For more on Dollar Princesses, Mark Taylor's research paper is published here. Kristen Richardson's book is called The Season: A Social History of the Debutante.

Related episodes:
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)

NPR Topics: Business
Oct 23, 2024

McDonald's tries to reassure customers after deadly E. coli outbreak
A preliminary investigation by the U.S. Food and Drug Administration suggests fresh onions that are served raw on McDonald's Quarter Pounder hamburgers were a likely source of contamination.

NPR Topics: Business
Oct 23, 2024

Boeing posts a $6 billion loss as striking workers vote on a new contract
Boeing reported a staggering loss of $6 billion dollars in the third quarter. The disappointing earnings report comes the same day as striking machinists are voting on a new contract offer.

NPR Topics: Business
Oct 23, 2024

American Airlines fined $50 million for its treatment of passengers with disabilities
The U.S. Department of Transportation penalty against American Airlines comes after "numerous serious violations of the laws protecting airline passengers with disabilities" over a four-year period.

NPR Topics: Business
Oct 23, 2024

Jailed reporters, silenced networks: What Trump says he'd do to the media if elected
On the campaign trail, former President Donald Trump has threatened to jail reporters who won't give up the sources of leaks and to strip networks of their broadcast licenses for fact-checking him.

NPR Topics: Business
Oct 23, 2024

Boeing workers vote on a new contract, but the company's problems are far from over
Striking machinists at Boeing vote Wednesday on a new contract offer. Even before the strike, the company was grappling with production and quality control problems that led to billions in losses.

NPR Topics: Business
Oct 23, 2024

U.S. Steel's decline nearly killed this town. Its sale could save it
Braddock, Pennsylvania lost most of its population over the past almost 100 years, due largely to U.S. Steel's decline. Here's how some locals feel about the company's potential sale to the Japanese.

NPR Topics: Business
Oct 23, 2024

Denny's says it expects to close 150 locations by the end of 2025
Denny's says it's closing 150 of its lowest-performing restaurants in an effort to turn around the brand's flagging sales. About half of the closures will happen this year and the rest in 2025.

NPR Topics: Business
Oct 22, 2024

Rudy Giuliani ordered to turn over NYC apartment, 26 watches to Georgia election workers
A federal judge has ordered Rudy Giuliani to turn over his New York City apartment and various other assets to two Georgia election workers who won a $148 million defamation judgment against him.

NPR Topics: Business
Oct 22, 2024

1 dead, dozens sickened in E. coli outbreak linked to McDonald's Quarter Pounders
E. coli food poisoning linked to McDonald's Quarter Pounder hamburgers has sickened at least 49 people in 10 states, including one person who died, federal health officials said.

NPR Topics: Business
Oct 22, 2024

Olivia Nuzzi and 'New York Magazine' have split over her relationship with RFK Jr.
The magazine said the two parties agreed to part ways, though an investigation found no inaccuracies or bias in Nuzzi's reporting. Meanwhile, Nuzzi and her ex-fiancé are blaming each other in court.

NPR Topics: Business
Oct 22, 2024

Why the publishing industry is hot (and bothered) for romance
Once relegated to supermarket aisles, romance books are now mainstream. And authors, an often-maligned group within publishing, have found greater commercial success than many writers in other genres. On today's episode of Love Week, our series on the business of romance, we find out how romance novelists rode the e-book wave and networked with each other to achieve their happily-for-now status in the industry.

Read more by Christine Larson, Priscilla Oliveras and Natalie Caña.

Thanks to Grant-Lee Phillips for our theme song and Kaitlin Brito for artwork.

Related listening:
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)
Rufaro Faith's 'Let the Games Begin' is a rom-com set in the Olympic village

NPR Topics: Business
Oct 22, 2024

Honda recalls 700,000 Accords, Civics and CR-Vs for fuel pumps that can leak
Honda said there are no reports of injuries or deaths related to the issue. It is the second major call this month at Honda, after 1.7 million vehicles were found to have potential steering issues.

NPR Topics: Business
Oct 22, 2024

Former Abercrombie CEO Mike Jeffries is arrested in federal sex trafficking case
Several men who made bombshell allegations against Jeffries were male models who described a dynamic in which money and potentially legitimate jobs were used as leverage to exploit them.

NPR Topics: Business
Oct 22, 2024

What happened to Kentucky farms after guaranteed tobacco prices ended?
It's been 20 years since the tobacco quota, which guaranteed prices for the crop, was outlawed. Since then the number of farms growing tobacco in Kentucky has shrunk by 96%.

NPR Topics: Business
Oct 22, 2024

'Wall Street Journal' covers presidential election with economy, geopolitics in mind
NPR's Steve Inskeep talks to Emma Tucker, editor-in-chief of "The Wall Street Journal," about the paper's coverage of the 2024 presidential race.

NPR Topics: Business
Oct 21, 2024

6 Indian airlines flights declare emergencies amid spate of fake bomb threats
Six flights from India declared emergencies within 30 minutes of each other. It comes as fake bomb threats are causing disruptions, diversions and delays for scores of flights on Indian airlines.

NPR Topics: Business
Oct 21, 2024

Fake bomb threats disrupt travel for scores of flights on Indian airlines
Bomb threats are causing disruptions, diversions and delays for scores of flights on multiple Indian airlines. Indian authorities said they were looking to increase punishments for perpetrators.

NPR Topics: Business
Oct 21, 2024

Like bike sharing and scooter sharing, you can now share umbrellas in some cities
To the list of bike sharing, car sharing, and house sharing, you can now add umbrella-sharing. New York is among the world cities where you might find a kiosk that allows you to rent an umbrella.

NPR Topics: Business
Oct 21, 2024

It's Love Week! How the TV holiday rom-com got so successful
Welcome to Love Week on the Indicator, our weeklong series exploring the business and economic side of romance. On today's show, we fire up the gas logs and pour a mug of cocoa to discuss the made-for-TV rom-com machine, and how television executives learned to mass produce seasonal romance.

Special thanks to Grant-Lee Phillips for our Love Week theme song and Kaitlin Brito for episode artwork.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 19, 2024

Boeing union is set to vote on a new contract deal, possibly ending strike
The latest proposal includes a 35% general wage increase over four years — bringing it closer to the union's original ask for 40%. Boeing previously offered a 25% raise over the life of the contract.

NPR Topics: Business
Oct 19, 2024

Frozen waffles sold at Walmart, Target and supermarkets are recalled over listeria risk
The recall includes various certain frozen waffles sold in Walmart, Target, Publix and other stores. Some waffles for brands like Kodiak Cakes, Simple Truth and Food Hold have also been recalled.

NPR Topics: Business
Oct 19, 2024

FTC orders companies to make canceling subscriptions as easy as signing up for them
A new government rule says canceling subscriptions and memberships has to be as easy for consumers as signing up for them.

NPR Topics: Business
Oct 19, 2024

China's economy is set to have its slowest year of growth in decades


NPR Topics: Business
Oct 19, 2024

U.S. to probe Tesla's 'Full Self-Driving' system after pedestrian killed
The U.S. government's road safety agency is investigating Tesla's "Full Self-Driving" system after getting reports of crashes in low-visibility conditions, including one that killed a pedestrian.

NPR Topics: Business
Oct 18, 2024

The Subscription Trap
Over the past two decades, there's been a sort of tectonic economic shift happening under our feet. More and more companies have switched from selling goods one by one to selling services, available as a subscription. These days everything from razor blades to meal kits to car washes have become subscriptions. But all that convenience has also come with a dark side - some companies have designed their offerings to be as easy as possible to sign up for and also as difficult as possible to cancel. Many consumers are now paying for way more subscriptions than they even know about.

On today's show, we discover how we all fell into this subscription trap - who is winning and who is losing in this brave new subscription based world - and what both the government and the free market are doing to try and fix it.

This episode was hosted by Alexi Horowitz-Ghazi and Jeff Guo. It was produced by James Sneed. It was edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Valentina Rodriguez Sanchez. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

NPR Topics: Business
Oct 18, 2024

Reversing shrinkflation (via potato chips) and other indicators
It's ... Indicators of the Week! It's that time of week where we look at the most intriguing indicators from this last week of economic and business news.

On today's episode: NHPR's Nate Hegyi, host of the podcast Outside/In, joins us to talk natural disaster loans, election prediction markets and ... potato chips?

Related Episodes:
What's with all the tiny soda cans? And other grocery store mysteries, solved.
A market to bet on the future

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 18, 2024

CVS Health CEO Lynch steps down as the drug-store chain struggles to right its path
CVS Health CEO Karen Lynch has stepped down, with company shares sinking 19% this year and the health-care giant struggling on several fronts. CVS Health also warned of disappointing third-quarter earnings and said investors should not rely on guidance it laid out in August. Lynch will be replaced by veteran CVS Health executive David Joyner.

NPR Topics: Business
Oct 18, 2024

CVS Health CEO Lynch steps down as the drugstore chain struggles to right its path
CVS Health CEO Karen Lynch has stepped down, with company shares sinking 19% this year and the health-care giant struggling on several fronts. CVS Health also warned of disappointing third-quarter earnings and said investors should not rely on guidance it laid out in August. Lynch will be replaced by veteran CVS Health executive David Joyner.

NPR Topics: Business
Oct 18, 2024

Mortgage rates were supposed to come down. Instead, they're rising -- here's why
Mortgage rates are ticking up even after the Federal Reserve has started cutting interest rates. Here's why, and where rates — and home sales — could go from here.

NPR Topics: Business
Oct 18, 2024

Mortgage rates were supposed to come down. Instead, they're rising. Here's why
Mortgage rates are ticking up even after the Federal Reserve has started cutting interest rates. Here's why, and where rates — and home sales — could go from here.

NPR Topics: Business
Oct 17, 2024

Rebranding 'the world's most dangerous private army'
When the leader of the Wagner group, Yevgeny Prigozhin died in an exploding plane widely attributed to Russian President Vladimir Putin, it wasn't clear what would happen. Today, why the Wagner Group has been called the world's most dangerous private army, its relationship with Russia and how its business model creates a blueprint for others to follow.

Related episodes:
Not your typical army: how the Wagner Group operates (Apple / Spotify)
How the 'shadow fleet' helps Russia skirt sanctions (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 17, 2024

NPR's 'Planet Money' team asks: Can cap and trade work in the U.S.?
In Washington state, a ballot initiative could affect climate policy nationwide. It asks voters to repeal the state's cap-and-trade program — one that other states might seek to replicate.

NPR Topics: Business
Oct 16, 2024

New records show Texas judge on X case didn't sell his Tesla shares after taking the suit
The judge, Reed O'Connor, in Fort Worth, Tex., has rejected calls for him to step down from the high-profile case Musk filed against Media Matters, a watchdog group.

NPR Topics: Business
Oct 16, 2024

The government loan program to help small businesses after disasters is out of money
The Small Business Administration's disaster loan program is out of money. While Congress is expected to replenish the funds when it reconvenes in November, small businesses have to wait for relief.

NPR Topics: Business
Oct 16, 2024

Former county official gets at least 28 years in prison for killing Las Vegas reporter
Robert Telles, a former Las Vegas-area official, was sentenced for killing Jeff German, who wrote articles critical of his conduct in office and exposed an intimate relationship with a coworker.

NPR Topics: Business
Oct 16, 2024

Can the yield curve still predict recessions?
Two years ago, the yield curve inverted. That means short-term interest rates on Treasury bonds were unusually higher than long-term interest rates. When that's happened in the past, a recession has come. In fact, the inverted yield curve has predicted every recession since 1969 ... until now. Today, are we saying goodbye to the inverted yield curve's flawless record?

Related episodes:
The inverted yield curve is screaming RECESSION (Apple / Spotify)
Yield curve jitters
Two Yield Curve Indicators

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 16, 2024

Canceling subscriptions has to be as easy as signing up, FTC says in a new rule
The "click-to-cancel" rule, now finalized by the Federal Trade Commission, aims to make it easier to cancel subscriptions and memberships. Companies argue the agency overstepped its authority.

NPR Topics: Business
Oct 16, 2024

Canceling subscriptions has to be as easy as signing up, the FTC says in a new rule
The "click-to-cancel" rule, now finalized by the Federal Trade Commission, aims to make it easier to cancel subscriptions and memberships. Companies argue that the agency overstepped its authority.

NPR Topics: Business
Oct 16, 2024

Millions of pounds of meat are being recalled. Here's what to look for in your fridge
Over 11 million pounds of ready-to-eat meat and poultry were recalled over listeria concerns, affecting salads, wraps, frozen meals and more from popular chains like Target, Trader Joe's and Walmart.

NPR Topics: Business
Oct 16, 2024

Tom Brady is now a part owner of the Las Vegas Raiders
The seven-time Super Bowl champion purchased a minority stake in the Las Vegas Raiders, a deal unanimously approved by NFL team owners at the league's annual fall meeting.

NPR Topics: Business
Oct 16, 2024

We asked 188 economists. And the survey says...
For our story on this year's Nobel in Economics, check out our daily show, The Indicator!

Let's face it. Economics is filled with terms that don't always make sense to the average person. Terms that sometimes mean what you think they mean, but sometimes not at all. Not even close.

We surveyed 188 economists. And we asked them: What are the most misunderstood terms in the field of economics?

On today's show, their answers! Hear stories about near recessions, a problem with insurance, econ at your local movie theater, and... an economics term that will make undergrads blush. Strap in, and bring your popcorn!

This episode was hosted by Amanda Aronczyk and Alexi Horowitz-Ghazi. It was produced by Sam Yellowhorse Kesler with help from Sean Saldana. It was edited by Jess Jiang, engineered by Valentina Rodríguez Sánchez and fact-checked by Sierra Juarez. Alex Goldmark is our executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

NPR Topics: Business
Oct 16, 2024

CVS and Walgreens are ailing. Here's why
America's biggest pharmacy chains are closing hundreds of stores, laying off thousands of workers and rethinking their role in our lives.

NPR Topics: Business
Oct 15, 2024

Why are some nations richer?
This year's Economics Nobel went to a trio of researchers whose work focuses on the importance of strong institutions for an economy. Today we hear from the newly minted Nobel laureates about how they came to their groundbreaking conclusions.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 15, 2024

Victoria's Secret fashion show returns following a 6-year hiatus
Winged Victoria's Secret models will once again take the runway for the first official show since 2018.

NPR Topics: Business
Oct 15, 2024

After 6 years, the Victoria's Secret fashion show brings big names back to its runway
After weathering a series of controversies, the lingerie company's first official show since 2018 featured iconic Angels like Adriana Lima and Tyra Banks, plus debuts by Ashley Graham and Kate Moss.

NPR Topics: Business
Oct 15, 2024

Lufthansa agrees to a record $4 million fine for its treatment of Jewish passengers
The German airline barred 128 Jewish passengers from their May 2022 connecting flight based on the alleged misconduct of a few. The U.S. government considers that discrimination; Lufthansa disagrees.

NPR Topics: Business
Oct 15, 2024

Walgreens will close 1,200 stores, hoping for a turnaround
Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.

NPR Topics: Business
Oct 15, 2024

A Nobel prize for an explanation of why nations fail
A trio of economists just won a Nobel prize for their insights into how democratic and other inclusive institutions are critical for a nation's prosperity.

NPR Topics: Business
Oct 15, 2024

Petroleum drilling technology is now making carbon-free power
A new technique for harvesting geothermal energy being pioneered in Utah has passed a significant milestone: Southern California Edison has contracted for enough of the energy to power 400,000 homes.

NPR Topics: Business
Oct 14, 2024

Research into the root of wealth and poverty among nations wins Economics Nobel Prize
The Nobel Prize in Economics was awarded Monday to a trio of U.S.-based researchers, for their study of the institutional roots of wealth and poverty among nations.

NPR Topics: Business
Oct 14, 2024

Lilly Ledbetter, the activist who inspired fair pay act, dies at 86
Lilly Ledbetter, a supervisor at a Goodyear tire plant in Alabama, discovered she was receiving less pay than men who worked the same position. Her case led to a monumental law on pay equity.

NPR Topics: Business
Oct 14, 2024

Nobel Prize goes to 3 economists who study the wealth and poverty of nations
The award is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago for their research on the institutional roots of national wealth and poverty. They will split the prize money of 11 million Swedish krona or about $1.058 million.

NPR Topics: Business
Oct 14, 2024

Nobel Prize in Economics goes to 3 American economists who study global inequality
The prize is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago. They will split the prize money of 11 million Swedish krona or about $1.058 million.

NPR Topics: Business
Oct 13, 2024

It's Spirit Halloween season. How does the retailer stay afloat year-round?
Spirit Halloween has been a fixture in the seasonal market, with its huge seasonal presence and pop-up stores. We'll take a look at the operation and its move into the Christmas market.

NPR Topics: Business
Oct 13, 2024

Inside the TikTok documents: Stripping teens and boosting 'attractive' people
A trove of secret documents show teens' increasing reliance on TikTok and how executives were acutely aware of the potential harm the app can cause young people, but appeared unconcerned.

NPR Topics: Business
Oct 13, 2024

Inside the TikTok documents: Stripping teens and boosting ‘attractive' people
A trove of secret documents show teens' increasingly reliant on TikTok and how executives were acutely aware of the potential harm the app can cause young people, but appeared unconcerned.

NPR Topics: Business
Oct 13, 2024

Shocking revelations about teens in redacted TikTok documents
A trove of secret documents show teens' increasing reliance on TikTok and how executives were acutely aware of the potential harm the app can cause young people, but appeared unconcerned.

NPR Topics: Business
Oct 12, 2024

7-Eleven to close over 400 stores in North America
The ubiquitous convenience store owed its recent revenue drops to inflation, declining cigarette sales and a shift in palates toward fresh food and specialty drinks.

NPR Topics: Business
Oct 12, 2024

Residents in hurricane-affected states are complaining of 'price gouging.' What is it?
Price gouging is both difficult to define and difficult to counter.

NPR Topics: Business
Oct 11, 2024

Senators call on TikTok to produce documents in response to NPR report
Two senators, who have pushed online child safety legislation in Congress, demanded that TikTok executives share all materials the company has about the dangers kids may encounter on the wildly popular service.

NPR Topics: Business
Oct 11, 2024

Boeing will lay off 10% of employees as a strike shuts down airplane production
Boeing has been losing money for over five years and is now dealing with a strike that has shut down factories in the Seattle area. The staff cuts will include executives and managers, the CEO said.

NPR Topics: Business
Oct 11, 2024

So imPORTant: Bananas, frogs, and... Bob's??
Even in our modern world with planes and jets and drones, the vast majority of goods are moved around the planet in cargo ships. Which means our ports are the backbone of our global economy. The longshoremans' strike closed the eastern ports for only three days, but those three days raised a lot of questions.

Like - why is a discount furniture store the fourth largest importer on the East Coast? How come so many bananas come through Wilmington, Delaware? Why do we need live frogs delivered into the US six times a month? And... how do we even keep track of all of these imports? On today's episode, we get into #PortFacts!

This episode was hosted by Kenny Malone and Amanda Aronczyk. It was produced by Sam Yellowhorse Kesler. It was edited by Audrey Quinn, and fact-checked by Dania Suleman. Engineering by Cena Loffredo and Kwesi Lee with an assist from Valentina Rodriguez Sanchez. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

NPR Topics: Business
Oct 11, 2024

The cost of living, lead pipe removal, and a more expensive Mega Millions
It's ... Indicators of the Week! It's that time of week when we look at the most fascinating economic numbers from the news.

On today's episode: Inflation slowly coming down, getting the lead out of water pipes, and a more expensive Mega Millions.

Related Episodes:
Lotteries And Happiness
Indicator exploder: jobs and inflation

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Oct 11, 2024

Stellantis, maker of Jeep and Ram, lays off more than 1,000 Detroit workers
The international company that owns the American brands is struggling with a glut of unsold cars and smaller profits. The layoffs could have ripple effects through its U.S. workforce of 52,000.

NPR Topics: Business
Oct 11, 2024

Where manufacturing jobs have shrunk, a library is giving a leg up to entrepreneurs
The public library in Toledo, Ohio, is one of a number across the U.S. that have become entrepreneurial hubs. Business-specialist librarians are helping aspiring small-business owners and nonprofits for free.

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