The Dallas-based company said on its website that customers will get the $5 credit on their account within two billing cycles. The credit does not apply to AT&T Business, prepaid service or Cricket.
The influential Koch network of conservative megadonors announced it will no longer be spending its resources on Haley's presidential bid, saying no outside group can "widen her path to victory."
Indicators of the week is back! This time, we explore why oil and gas companies are pulling in record profits, whether bad commercial property debt is likely to spark a financial crisis and how much a lost tooth goes for in this economy.
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Réka Juhász is a professor of economics at the University of British Columbia, and she studies what's known as industrial policy.
That's the general term for whenever the government tries to promote specific sectors of the economy. The idea is that they might be able to supercharge growth by giving money to certain kinds of businesses, or by putting up trade barriers to protect certain industries. Economists have long been against it. Industrial policy has been called a "taboo" subject, and "one of the most toxic phrases" in economics. The mainstream view has been that industrial policy is inefficient, even harmful.
For a long time, politicians largely accepted that view. But in the past several years, countries have started to embrace industrial policy—most notably in the United States. Under President Biden, the U.S. is set to spend hundreds of billions of dollars on industrial policy, to fund things like microchip manufacturing and clean energy projects. It's one of the most ambitious tests of industrial policy in U.S. history. And the billion dollar question is ... will it work?
On today's show, Réka takes us on a fun, nerdy journey to explain the theory behind industrial policy, why it's so controversial, and where President Biden's big experiment might be headed.
Next week, the US Supreme Court will hear a case that pits the Attorneys General of Texas and Florida against a trade group representing some of the biggest social media companies in the world. Today, how we got here, and now the case could upend our online experience.
Reports of outages spiked around 3:30 a.m. ET Thursday, affecting more than 71,000 customers within a few hours. The FBI says it has been in contact with AT&T about the disruptions.
A new batch of AI-powered devices known as AI agents are all the rage in Silicon Valley. They're devices with a voice assistant that can complete real-world tasks for you.
Capital One Financial Corporation plans to acquire Discover Financial Services in a $35 billion deal that would combine two of the largest U.S. credit card companies. Today on the show, five big questions about the deal, and the opaque system behind every swipe, tap or insertion of your credit card.
California often takes the lead with new legislation to rein in tech. This was true for privacy, social media and now it looks to be playing out the same way for generative AI.
The Department of Defense's proposed budget for 2024 is $842 billion. That is about 3.5% of the U.S.'s GDP. The military buys everything from pens and paper clips to fighter jets and submarines. But the market for military equipment is very different from the commercial market.
On today's episode, we're bringing you two stories from The Indicator's series on defense spending that explore that market. As the U.S. continues to send weapons to Ukraine and Israel, we first look at why defense costs are getting so high. Then, we dive into whether bare-bones manufacturing styles are leaving the U.S. military in a bind.
The original Indicator episodes were produced by Cooper Katz McKim with engineering from Maggie Luthar and James Willetts. It was fact-checked by Sierra Juarez and Angel Carreras. They were edited by Kate Concannon and Paddy Hirsch. Alex Goldmark is Planet Money's executive producer.
The Boeing executive who oversaw the troubled 737 Max program, Ed Clark, has left the company. It's part of a broader management shakeup after a door plug panel blew off a jet in midair last month.
