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News Articles: Business

McDonald's arrived in Moscow when Russia was still part of the Soviet Union. Tens of thousands of customers stood in line when its first restaurant opened on Jan. 31, 1990, at Moscow's Pushkin Square.

Tagged as: 

  • Business

McDonald's is leaving Russia, after more than 30 years

In 1990, the Big Mac's arrival in Moscow signaled a new era. Now McDonald's is tearing down the golden arches and writing off its investment in Russia.

May 16, 2022
|
By:
  • Bill Chappell
Moulin Rouge dancers perform at the 130th Anniversary Le Moulin Rouge celebration on October 6, 2019 in Paris, France.

Tagged as: 

  • Europe

Airbnb is renting out the iconic Moulin Rouge for three one-night stays

The historic space was established as a dance hall in 1889, featuring a cabaret show that included the first cancan performance.

May 16, 2022
|
By:
  • Rina Torchinsky
A Bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach Convention Center in Miami on April 8. Crypto such as Bitcoin have tumbled in recent days as part of a storm hitting all kinds of markets.

Tagged as: 

  • Business

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks. The plunge in a type of crypto called TerraUSD is raising special concern.

May 14, 2022
|
By:
  • David Gura
A Bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach Convention Center in Miami on April 8. Crypto such as Bitcoin have tumbled in recent days as part of a storm hitting all kinds of markets.

Tagged as: 

  • Business

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks. The plunge in a type of crypto called TerraUSD is raising special concern.

May 14, 2022
|
By:
  • David Gura
An arrangement of pills of the opioid oxycodone-acetaminophen in New York. Idaho officials on Friday agreed to a $119 million settlement with drugmaker Johnson & Johnson and three major distributors over their role in the opioid addiction crisis.

Tagged as: 

  • National

Idaho announces $119 million opioid crisis settlement

Idaho Gov. Brad Little and Attorney General Lawrence Wasden say it's the second-largest consumer settlement in state history.

May 13, 2022
|
By:
  • The Associated Press
Elon Musk says he wants to see more details about the number of fake accounts on Twitter before his deal to buy the social media platform goes through. He's seen here last week, arriving for the 2022 Met Gala at the Metropolitan Museum of Art in New York.

Tagged as: 

  • Media

Elon Musk says he's put the blockbuster Twitter deal on pause over fake accounts

The Tesla and SpaceX mogul said he needs to make sure the fake accounts "do indeed represent less than 5%" of Twitter's users, as the company has estimated.

May 13, 2022
|
By:
  • Shannon Bond and
  • Bill Chappell
A sign tells customers of limited supplies of baby formula at a grocery store in Salt Lake City on Tuesday.

Tagged as: 

  • Health

White House bolsters efforts to get baby formula into the hands of WIC recipients

States have been asked to increase accessibility of baby formula for recipients of the low-income program. And the Food and Drug Administration is looking at ways to make it easier to import formula.

May 13, 2022
|
By:
  • Rina Torchinsky
Netflix has changed its corporate culture memo to warn employees that it will include content with viewpoints they may find harmful.

Tagged as: 

  • Arts & Life

Netflix alters corporate culture memo to stress the importance of artistic freedom

In a substantive edit to Netflix's public-facing statement on work culture, the company states that employees might have to work on titles they "perceive to be harmful."

May 13, 2022
|
By:
  • Andrew Limbong
Solar and wind power projects have been booming in California, like the Pine Tree Wind Farm and Solar Power Plant in the Tehachapi Mountains, but that doesn't mean fossil fuels are fading away quickly.

Tagged as: 

  • Climate

California just ran on 100% renewable energy, but fossil fuels aren't fading away yet

California broke its record for renewable energy when solar and wind provided enough to meet all consumer demand. At the time, natural gas power plants were still on, a necessity for the grid.

May 13, 2022
|
By:
  • Lauren Sommer
GPB News NPR

Tagged as: 

  • Business

Encore: Nationwide shortage of baby formula is a major stressor for parents

There's an acute baby formula shortage in the U.S. A recall at a big supplier along with supply chain challenges have caused the issue. (Story first aired on All Things Considered on May 11, 2022.)

May 13, 2022
|
By:
  • Joe Hernandez
Federal Reserve Chair Jerome Powell speaks during a news conference in Washington, D.C., on May 4. Powell was confirmed by the Senate to a second term leading the central bank. Fighting inflation will define his legacy.

Tagged as: 

  • Economy

Fed Chair Jerome Powell is confirmed for a 2nd term. Inflation will be his focus

Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.

May 13, 2022
|
By:
  • Scott Horsley
Naya Tapper of the USA is tackled by Camille Grassineau (left) and Elodie Poublan of France during the 2017 Women's Rugby World Cup third-place match in Belfast. The U.S. will host the women's tournament for the first time in 2033.

Tagged as: 

  • Sports

The U.S. is named a Rugby World Cup host

The sporting event is coming to the U.S. for the first time in 2031.

May 12, 2022
|
By:
  • Amy Morgan
Assistant Attorney General for Civil Rights Kristen Clarke speaks at a news conference on Aug. 5, 2021. The federal government said Thursday that artificial intelligence technology to screen new job candidates or monitor their productivity can unfairly discriminate against people with disabilities.

Tagged as: 

  • Technology

U.S. warns of discrimination in using artificial intelligence to screen job candidates

The federal government tells employers that the commonly used hiring tools could violate civil rights laws by discriminating against people with disabilities.

May 12, 2022
|
By:
  • The Associated Press
Finland's President Sauli Niinisto speaks during a press conference with British Prime Minister Boris Johnson at the Presidential Palace on Wednesday in Helsinki, Finland. Niinisto and Finland's Prime Minister Sanna Marin said Thursday in a joint statement that Finland must apply for NATO membership without delay.

Tagged as: 

  • World

Russia-Ukraine war: What happened today (May 12)

A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

May 12, 2022
|
By:
  • NPR Staff
A sign telling consumers of limits on the purchase of baby formula hangs on the edge of an empty shelf for the product in a King Soopers grocery store, Wednesday, in Denver.

Tagged as: 

  • Politics

Senator says Biden should consider Defense Production Act to boost baby formula supply

Regular and specialized baby formulas have been running low across the U.S. Sen. Kirsten Gillibrand says she will ask President Biden to consider using the Defense Production Act to boost production.

May 12, 2022
|
By:
  • Michel Martin and
  • Jaclyn Diaz
  • Load More

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