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News Articles: Business

Electric F-150 Lightning pickup trucks travel down the production line at Ford's Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Ford has cut two shifts at the plant as it reduces production of the Lightning. But this week Ford CEO Jim Farley told investors "the journey on EVs is inevitable, in our eyes."

Tagged as: 

  • Business

EVs won over early adopters, but mainstream buyers aren't along for the ride yet

Sales of electric vehicles were increasing rapidly ... until they weren't. The auto industry is still looking ahead toward an EV future, but worries that moving too fast would hurt the bottom line.

February 07, 2024
|
By:
  • Camila Domonoske
ESPN, Fox and Warner Bros. Discovery announced plans to launch a sports streaming platform in the fall that will include offerings from at least 15 networks and all four major professional sports leagues.

Tagged as: 

  • Media

ESPN, Fox and Warner Bros. Discovery plan to launch a sports streaming platform

The platform will include games from the NFL, NBA, MLB, NHL, WNBA, NASCAR and college sports, including the men's and women's NCAA Tournament, as well as golf, tennis and the FIFA World Cup.

February 06, 2024
|
By:
  • GPB Newsroom

Tagged as: 

  • Economy

Did pandemic business support work?

The U.S. launched the Paycheck Protection Program in April 2020 to save jobs and businesses from the worst effects of the pandemic. Today on the show, a post-mortem on the controversial program and whether it fulfilled its objective. Also, we hear from one company that voluntarily paid back its PPP loan — with interest — even though it could have qualified for forgiveness.

Related episodes:
Could cash payments ease recessions? (Apple / Spotify)
Small banks' corona crunch
The big small business rescue

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

February 06, 2024
|
By:
  • Sacha Pfeiffer,
  • Darian Woods,
  • and 2 more
An Alaska Airlines 737 Max 9 that made an emergency landing at Portland International Airport on Jan. 5 is parked in Portland, Ore., on Jan. 23. A door plug blew out shortly after the plane took off from Portland. There were no serious injuries, but it has renewed concerns about Boeing and production lapses.

Tagged as: 

  • National

NTSB says key bolts were missing from the door plug that blew off a Boeing 737 Max 9

According to preliminary investigation findings released by NTSB investigators on Tuesday, four key bolts were "missing" when a door plug blew off an Alaska Airlines 737 Max 9 in midair last month.

February 06, 2024
|
By:
  • Joel Rose and
  • Russell Lewis
Cars sit on the lot at a Honda dealership on March 25, 2021, in Elgin, Ill. Many 2020 to 2022 models are affected by a new recall.

Tagged as: 

  • Business

Honda recalls 750,000 vehicles over air bag flaw

The recall includes the Honda Civic, Accord, CR-V, Fit, HR-V, Insight, Odyssey, Pilot, Passport, Ridgeline, as well as Acura MDX, RDX and TLX, from model years between 2020 and 2022.

February 06, 2024
|
By:
  • James Doubek
Guzman

Tagged as: 

  • News

Small Business Administration head Isabel Guzman visits Clark Atlanta University

Isabel Guzman, who leads the Small Business Administration, visited Clark Atlanta University Monday to promote small business resources to students. 

February 06, 2024
|
By:
  • Sarah Kallis
A recession is often met with political bickering and reactive measures. One proposal would change that by providing an automatic cash payment triggered when a recession hits.

Tagged as: 

  • Business

Could cash payments ease recessions?

Although we have dodged the bullet for now, the threat of a recession is always a concern for policy makers. The question is: will we be prepared next time? In this episode, we consider an alternative approach to stabilizing the economy during a recession through automatic monthly cash payments. The hope: faster relief, a reduced racial wealth gap and predictable income. Can it work?

Related episodes:
The Sahm Rule with the eponymous economist

Hear us out: We ban left turns and other big ideas (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.

February 05, 2024
|
By:
  • Wailin Wong,
  • Darian Woods,
  • and 2 more
Union members listen as President Joe Biden speaks to United Auto Workers at the Community Building Complex of Boone County, on Nov. 9, in Belvidere, Ill.

Tagged as: 

  • National

Black and Latina women helped propel gains for unions in 2023, finds a new study

The share of Black and Latina women in unions rose in 2023 after moving in a downward trend for a few years. Meanwhile, the share of white and Asian American women in unions continues to decline.

February 05, 2024
|
By:
  • Juliana Kim
A 737 Max 8 undergoes final assembly inside Boeing's factory in Renton, Wash., on March 27, 2019. Kansas-based Spirit AeroSystems makes the fuselages and ships them to Washington. A series of production issues at Spirit have led to problems.

Tagged as: 

  • National

Why problems at a key Boeing supplier may help explain the company's 737 Max 9 mess

Federal investigators are scrutinizing Spirit AeroSystems, a major Boeing supplier based in Kansas, as they try to understand why a fuselage panel blew off an Alaska Airlines jet in midair last month.

February 05, 2024
|
By:
  • Joel Rose
Samsung Electronics Chairman Lee Jae-yong, center, arrives at the Seoul Central District Court in Seoul, South Korea, Monday, Feb. 5, 2024. A Seoul court acquitted Lee of financial crimes.

Tagged as: 

  • Business

Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger

The ruling could ease the legal troubles for the Samsung heir less than two years after he was pardoned of bribing a former president in a scandal that toppled a previous South Korean government.

February 05, 2024
|
By:
  • The Associated Press
A lone shopper heads into a Target store on Jan. 11 in Lakewood, Colo.

Tagged as: 

  • National

Target pulls Black History Month book that misidentified 3 civil rights icons

The magnet book mixed up W.E.B. Du Bois, Booker T. Washington and Carter G. Woodson. Target said it will no longer sell the book in stores or online and that it notified the publisher of the errors.

February 03, 2024
|
By:
  • Jonathan Franklin
A construction worker is seen in Miami on Jan. 5, 2024. U.S. employers added more jobs than expected in January including in the construction sector.

Tagged as: 

  • Economy

The U.S. created an extraordinary number of jobs in January. Here's a deeper look

U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.

February 02, 2024
|
By:
  • Scott Horsley
Former Marine Jason Miles stands in front of his home in Clinton, Miss. He lost a sales job during the pandemic and had to take a mortgage forbearance.

Tagged as: 

  • National

Lawmakers move to help veterans at risk of losing their homes

Senators are introducing a bill to help thousands of veterans who, through no fault of their own, were left facing foreclosure when a VA COVID-assistance program ended abruptly.

February 02, 2024
|
By:
  • Chris Arnold and
  • Quil Lawrence
The Tesla company logo is shown in Littleton, Colo., in 2020. Tesla is recalling nearly all of the vehicles it has sold in the U.S. because some warning lights on the instrument panel are too small.

Tagged as: 

  • Business

Tesla recalls nearly 2.2M vehicles for software update to fix warning lights

Tesla is recalling nearly all of the autos it's sold in the U.S. because some warning lights on the instrument panel are too small. And NHTSA has upgraded a probe into Tesla steering problems.

February 02, 2024
|
By:
  • The Associated Press
GPB  NPR

Tagged as: 

  • Business

U.S. employers added a whopping 353,000 jobs in January — far more than expected

The Labor Department also reports the unemployment rate held steady at a historically low 3.7%.

February 02, 2024
|
By:
  • Leila Fadel and
  • Scott Horsley
  • Load More

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