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News Articles: Business

Boeing CEO Dave Calhoun speaks to reporters on Capitol Hill on Jan. 24. "We have confidence in the safety of our airplanes," Calhoun says. "And that's what all of this is about. We fully understand the gravity."

Tagged as: 

  • Business

How bad is Boeing's 2024 so far? Here's a timeline

The aircraft-maker has faced renewed scrutiny this year, mostly going back to an incident when a rear door plug tore off a 737 Max 9. Things have compounded from there.

March 20, 2024
|
By:
  • Bill Chappell
(From left) Nicole Daniels, DeAndre Brown and Lisa Beasley take a sharp and often satirical look at modern office culture, sharing their videos on TikTok where these screenshots were taken.

Tagged as: 

  • Arts & Life

They lampoon American corporate culture — and the internet is here for it

They have been dubbed "cubicle comedians" — and some of the top creators raking in the views and likes are Black. For Black humor experts, that's no coincidence.

March 20, 2024
|
By:
  • Jordan-Marie Smith

Tagged as: 

  • Economy

How Big Steel in the U.S. fell

Steel manufacturing was at one point the most important industry in the United States. It was one of the biggest employers, a driver of economic growth, and it shaped our national security. Cars, weapons, skyscrapers... all needed steel.

But in the second half of the 20th century, the industry's power started to decline. Foreign steel companies gained more market power and the established steel industry in the U.S. was hesitant to change and invest in newer technologies. But then, a smaller company took a chance and changed the industry.

On today's episode: What can the fall of a once-great industry teach us about innovation and technology? And why you should never underestimate an underdog.

This episode was hosted by Erika Beras and Mary Childs. It was produced by Willa Rubin and edited by Jess Jiang. It was engineered by Cena Loffredo. It was fact-checked by Sierra Juarez. Our executive producer is Alex Goldmark.

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

March 20, 2024
|
By:
  • Erika Beras,
  • Mary Childs,
  • and 2 more

Tagged as: 

  • Economy

Tick tock for TikTok?

The political pressure on TikTok continues to ratchet up. This week Biden administration officials are throwing their support behind legislation that would essentially give an ultimatum to TikTok's Chinese parent company ByteDance. Sell TikTok to another owner not controlled by a "foreign adversary" or be banned from US app stores.

It's a big step towards an outcome that some high-ranking U.S. officials have desired for years. But why is there so much concern about TikTok, and just how likely is a ban?

Today, a couple of TikTok creators talk about what a ban would mean for them, and NPR tech correspondent Bobby Allyn explains how we got where we are and what could be coming next.

Related episodes:
Is Project Texas enough to save TikTok? (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.

March 19, 2024
|
By:
  • Adrian Ma,
  • Bobby Allyn,
  • and 2 more
Charlotte the stingray became a social media star when she got pregnant without a mate.

Tagged as: 

  • Business

Pregnant stingray Charlotte brings in traffic, business to North Carolina town

Charlotte the stingray in a small North Carolina aquarium has been attracting visitors since she got pregnant without a mate. Businesses in Hendersonville are delighted by the influx.

March 19, 2024
|
By:
  • Lydia Wilson
The Sports Museum curator Richard Johnson, right, stands near an exhibit that displays cover photos from the sports magazine Sports Illustrated in the museum at the TD Garden, in Boston.

Tagged as: 

  • Media

Sports Illustrated will continue its print edition under a new publisher

Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. What this means for the writers and others who produce Sports Illustrated remains to be seen.

March 19, 2024
|
By:
  • GPB Newsroom
Scott Kirby, CEO of United Airlines, says that a slew of recent incidents ranging from a panel that fell off a plane to another jet losing a wheel on takeoff will cause the airline to review its safety training for employees.

Tagged as: 

  • Business

United Airlines CEO tries to reassure customers that the airline is safe

In a memo to customers, CEO Scott Kirby tried to reassure travelers that safety is the airline's top priority. He said the airline was already planning an extra day of training for pilots.

March 19, 2024
|
By:
  • GPB Newsroom
An Italian Air Force fighter jet flies during a NATO exercise in Poland.

Tagged as: 

  • Business

Can Europe fund its defense ambitions?

The majority of European members of NATO are not spending as much on defense as they agreed to. But that may change as the European Union considers a move to a "war economy." Today, we examine what that means and what barriers to a "war economy" look like.

Related episodes:
The Military Industry ... It's Complex
Are we overpaying for military equipment? (Apple Podcasts / Spotify)
Can Just-In-Time handle a new era of war? (Apple Podcasts / Spotify)
How to transform a war economy for peacetime (Apple Podcasts / 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.

March 18, 2024
|
By:
  • Paddy Hirsch,
  • Wailin Wong,
  • and 2 more
A Joann store is seen in Tigard, Ore., in August 2020. The arts and crafts retailer announced Monday that it was filing for bankruptcy.

Tagged as: 

  • Business

The arts and crafts giant Joann files for bankruptcy, but stores will remain open

Joann expects to receive $132 million in new financing as part of the bankruptcy agreement. The Ohio-based company will also be delisted from the Nasdaq stock exchange.

March 18, 2024
|
By:
  • Joe Hernandez

Tagged as: 

  • Economy

Biden's economic pitch for a second term

It's Indicators of the Week, our up close and personal examination of economic headlines. Today we have three indicators from President Joe Biden's economic agenda. His budget proposals include fixes for childcare, home buying and hiking corporate taxes.

Related episodes:
Shopping for parental benefits around the world (Apple / Spotify)
When mortgages are too low to give up (Apple / Spotify)
Paying for the Inflation Reduction Act
'Dune: Part Two' is a grand spice opera

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.

March 18, 2024
|
By:
  • Mary Childs,
  • Wailin Wong,
  • and 3 more
The U.S. Supreme Court will hear arguments Monday on the role of the First Amendment in the internet age.

Tagged as: 

  • Law

Supreme Court examines whether government can combat disinformation online

The plaintiffs in the lawsuit are Missouri, Louisiana and five individuals who were either banned from social media during the pandemic or whose posts, they say, were not prominently featured.

March 18, 2024
|
By:
  • Nina Totenberg
For two decades, Orlando Capote has struggled with developers and the South Florida city of Coral Gables to protect the home his parents bought more than 35 years ago.

Tagged as: 

  • National

A Florida man who refused to sell his home to a developer now lives in the shadows

Orlando Capote has been engaged in a two-decade struggle against developers and the city of Coral Gables to save his family's home. But his success comes with a price.

March 16, 2024
|
By:
  • Greg Allen
Captain Morgan, one of the largest rum brands in the world, operates a mega-distillery in St. Croix, in the U.S. Virgin Islands. And this distillery is at the heart of a years-long billion-dollar conflict known as The Rum Wars.

Tagged as: 

  • Economy

The billion dollar war behind U.S. rum

When you buy a bottle of rum in the United States, by law nearly all the federal taxes on that rum must be sent to Puerto Rico and the U.S. Virgin Islands. It's an unusual system that Congress designed decades ago to help fund these two U.S. territories. In 2021 alone, these rum tax payments added up to more than $700 million.

Puerto Rico and the Virgin Islands split the money according to how much rum each territory produces. And the territories produce a lot of it — especially Puerto Rico, which single handedly supplies the majority of the rum that Americans drink.

But in 2008, the U.S. Virgin Islands pulled off a coup. It convinced one of the largest rum brands in the world, Captain Morgan, to abandon Puerto Rico and to shift its operations to the tiny island of St. Croix.

This was the beginning of the Rum Wars.

On today's show, the story of how a scheme designed to help Puerto Rico and the U.S. Virgin Islands turned them into bitter rivals. And how it ended up putting hundreds of millions of dollars a year — U.S. taxpayer dollars — into the pockets of big liquor companies instead.

This episode was hosted by Jeff Guo and Sarah Gonzalez. It was produced by James Sneed with help from Sam Yellowhorse Kesler. It was edited by Molly Messick, engineered by Cena Loffredo, and fact checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

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

March 15, 2024
|
By:
  • Jeff Guo,
  • Sarah Gonzalez,
  • and 2 more
The U.S. Supreme Court ruled in a pair of social media cases.

Tagged as: 

  • Law

Supreme Court issues first of many expected decisions on social media

The court laid down guidelines for the lower courts to use in assessing the facts in similar cases.

March 15, 2024
|
By:
  • Nina Totenberg
Uber and Lyft have said they'll stop service in Minneapolis if a minimum wage law for drivers goes into effect.

Tagged as: 

  • Business

Uber and Lyft threaten to halt operations in Minneapolis over minimum wage law

After a minimum wage law gets passed for a second time in the Twin Cities, the ride-hail companies vow to put up a fight.

March 15, 2024
|
By:
  • Dara Kerr
  • Load More

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