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News Articles: Business

Taylor Foehl (left), of Boston, looks at a mobile betting app on his phone after placing a wager, while watching a men's college basketball game at the Cask 'N Flagon sports bar on March 10, 2023, near Fenway Park in Boston.

Tagged as: 

  • Sports

Super Bowl betting soars, but it's still not legal in Chiefs and 49ers home states

Americans are poised to bet a record amount on Sunday's big game. Missouri and California are among the states that haven't yet legalized sports betting since the national ban was lifted in 2018.

February 09, 2024
|
By:
  • Joe Hernandez
The S&P 500, a broad-based index of stocks, broke above 5,000 for the first time ever.

Tagged as: 

  • Business

Optimism about the U.S. economy sends stocks to a new record

The S&P 500 index hit 5,000 for the first time ever, propelled by Wall Street's optimism the Federal Reserve is going to cut interest rates.

February 09, 2024
|
By:
  • David Gura
Former Fox News star Tucker Carlson flew to Moscow to interview Russian President Vladimir Putin, becoming the first American to do so since Russia invaded Ukraine two years ago.

Tagged as: 

  • Media

Tucker Carlson, the fired Fox News star, makes bid for relevance with Putin interview

The right-wing provocateur flew to Moscow to interview the Russian president, becoming the first American to do so since the invasion of Ukraine. They spoke for two hours.

February 09, 2024
|
By:
  • David Folkenflik
Snoop Dogg, left, and Master P seen at the 2017 Essence Festival at the Mercedes-Benz Superdome on Sunday, July 2, 2017, in New Orleans.

Tagged as: 

  • Business

Snoop Dogg and Master P sue Walmart and Post for trying to sabotage their cereal

The rappers say that Walmart and Post Consumer Foods neglected their cereal brand and intentionally hid it in stockrooms to prevent it from being sold to customers.

February 09, 2024
|
By:
  • Jonathan Franklin
Vermont Sen. Bernie Sanders, chairman of the Senate Health, Education, Labor, and Pensions Committee, pressed executives from Bristol Myers Squibb, Merck and Johnson & Johnson about the prices they charge for drugs in the U.S.

Tagged as: 

  • Health

Senators ask CEOs why their drugs cost so much more in the U.S.

The Senate HELP committee questioned pharmaceutical CEOs about how much more Americans pay for the same drugs sold for less in Canada, Japan and Europe.

February 08, 2024
|
By:
  • Sydney Lupkin

Tagged as: 

  • Economy

Why Saudi Arabia is building a new city in the desert

For decades, Saudi Arabia's economy has been defined by its abundant oil reserves. Its ability to influence global oil supply propelled Saudi Arabia to one of the richest countries in the world. The Saudi royal family became important players on the world stage. However, waning dominance in the oil market is forcing the Saudi government to think differently about its reliance on the commodity.

Today on the show, we explain Saudi Arabia's fantastical vision for its future and how the government is using its present influence in the oil market to fund it.

Related episodes:
Why oil in Guyana could be a curse

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.

February 08, 2024
|
By:
  • Darian Woods,
  • Adrian Ma,
  • and 2 more
A person tries out an Apple Vision Pro headset at an Apple store in New York City on Feb. 2.

Tagged as: 

  • Technology

Are we living in 'Black Mirror?' Apple Vision Pros may make it feel that way

Videos of Apple's new mixed-reality headset being used behind the wheel have led to concerns about distracted driving. Experts say they pose dangers since they don't perfectly reproduce human vision.

February 08, 2024
|
By:
  • Diba Mohtasham
A black plume rises over East Palestine, Ohio, as a result of a controlled detonation of a portion of the derailed Norfolk Southern trains, Feb. 6, 2023.

Tagged as: 

  • National

A year after Ohio derailment, U.S. freight trains remain largely unregulated

ProPublica reporter Topher Sanders has spent the last two years investigating America's aging freight train system. He says the FRA monitors "less than 1% of what's happening on the rails."

February 08, 2024
|
By:
  • Tonya Mosley
Disney says it will invest $1.5 billion in Epic Games.

Tagged as: 

  • Arts & Life

Disney gets stock bump after talking Fortnite, Taylor Swift, Moana

At Disney's earnings call, CEO Bob Iger shared plans for a major investment in an Epic Games partnership. Also, a new Moana movie is heading to theaters, and Taylor Swift's concert film to Disney+.

February 08, 2024
|
By:
  • Elizabeth Blair
TikTok Shop launched in the U.S. in September.

Tagged as: 

  • Business

TikTok Shop is taking on Amazon — one viral video at a time

TikTok has surged into the e-commerce space, positioning itself as a kind of Amazon for the social media age. Analysts say it might work, but users and sellers are asking: At what price?

February 08, 2024
|
By:
  • Emma Klein
Dozens of passengers on board the Royal Caribbean's nine-month "Ultimate World Cruise" have gone viral on TikTok since it set sail in December. Captivated viewers are comparing it to a social media reality show.

Tagged as: 

  • Pop Culture

How a world cruise became a 'TikTok reality show' — and what happened next

They boarded a nine-month cruise around the world. Then they went viral. Here's what some of the "Ultimate World Cruise" TikTokers want viewers to know about the reality of life on board.

February 08, 2024
|
By:
  • Rachel Treisman
An investor looks at screens showing stock market movements at a securities company in Fuyang in China's eastern Anhui province on Jan. 17.

Tagged as: 

  • World

Question marks over China's economy have stocks on a long downward slide

Benchmark indexes are near a five-year low, after a rough start to the year. China's CSI 300 index is down nearly 20% over the past 12 months. Analysts say the malaise is a symptom of bigger problems.

February 08, 2024
|
By:
  • John Ruwitch
More than 20 companies that went public via SPAC went bankrupt last year, according to Bloomberg. Despite its popularity during the pandemic, the obscure investment vehicle turns out to have problems of its own.

Tagged as: 

  • Business

Is Wall Street's hottest trend finally over?

WeWork, DraftKings, Lucid Motors. These are a few companies that have taken an untraditional route to go public through something called SPACs or special purpose acquisition companies. The obscure investment vehicle took off during the pandemic, but has since fallen back to earth. Today, we consider the rise and fall of SPACs and how recent rule changes will affect these deals.

Related episodes:
The SPAC is back

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.

February 07, 2024
|
By:
  • Adrian Ma,
  • Darian Woods,
  • and 2 more

Tagged as: 

  • Business

Morally questionable, economically efficient

There are tons of markets that don't exist because people just don't want to allow a market – for whatever reason, people feel icky about putting a price on something. For example: Surrogacy is a legal industry in parts of the United States, but not in much of the rest of the world. Assisted end-of-life is a legal medical transaction in some states, but is illegal in others.

When we have those knee-jerk reactions and our gut repels us from considering something apparently icky, economics asks us to look a little more closely.

Today on the show, we have three recommendations of things that may feel kinda wrong but economics suggests may actually be the better way. First: Could the matching process of organ donation be more efficient if people could buy and sell organs? Then: Should women seek revenge more often in the workplace? And finally, what if insider trading is actually useful?

This episode was hosted by Mary Childs and Greg Rosalsky. It was produced by Willa Rubin and edited by Jess Jiang. It was engineered by Cena Loffredo. Fact-checking 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.

February 07, 2024
|
By:
  • Mary Childs,
  • Greg Rosalsky,
  • and 2 more
Air pollution has fallen across the U.S. since the Clean Air Act of 1970. But some areas, like Los Angeles, still suffer heavy pollution from soot and smog. New rules on soot pollution from EPA aim to lower that pollution burden further.

Tagged as: 

  • Environment

EPA tightens rules on some air pollution for the first time in over a decade

The new regulations could save thousands of lives from deadly air pollution, according to the U.S. Environmental Protection Agency's calculations.

February 07, 2024
|
By:
  • Alejandra Borunda
  • Load More

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