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News Articles: Business

The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Four minutes into its flight, it exploded over the Gulf of Mexico.

Tagged as: 

  • Space

SpaceX wants this supersized rocket to fly. But will investors send it to the Moon?

Getting Starship off the ground is costing the commercial spaceflight company billions of dollars at a time when money is tight. Some analysts think more funding will be needed.

May 05, 2023
|
By:
  • Geoff Brumfiel
BMW is warning the owners of about 90,000 older vehicles in the U.S. not to drive them due to an increasing threat that the air bags can explode in a crash.

Tagged as: 

  • Business

BMW warns that older models are too dangerous to drive due to airbag recall

The warning covers vehicles from the 2000 through 2006 model years that previously had been recalled to replace the faulty and dangerous air bag inflators.

May 05, 2023
|
By:
  • The Associated Press
Members of the Writers Guild of America union picket outside Netflix headquarters Wednesday near Union Square in New York.

Tagged as: 

  • Television

NBC's late night talk show staff get pay and benefits during writers strike

Three days into the Hollywood writers strike, production is halted for many shows and movies. Some non-writing staff got good news about their pay and health insurance while the writers are out.

May 04, 2023
|
By:
  • Jaclyn Diaz
Little Saint James, an island previously owned by the disgraced financier Jeffrey Epstein, has been sold. The 71.6-acre property, seen here in an aerial view, includes a main compound and four guest villas.

Tagged as: 

  • National

Financier buys Jeffrey Epstein's private islands, with plans to create a resort

Financier Stephen Deckoff paid $60 million for Great St. James and Little St. James. He hopes to open a resort on the islands by sometime in 2025.

May 04, 2023
|
By:
  • Bill Chappell
NFL Commissioner Roger Goodell speaks to the media on March 28 in Phoenix. The attorneys general of New York and California announced Thursday that they are investigating allegations of workplace discrimination by the pro football league.

Tagged as: 

  • National

2 states launch an investigation of the NFL over gender discrimination and harassment

The California and New York attorneys general say they are seeking information from the NFL on allegations of gender pay disparities, harassment and gender and race discrimination.

May 04, 2023
|
By:
  • Jonathan Franklin
GPB News NPR

Tagged as: 

  • Space

What's next for SpaceX's (very expensive) Starship program?

Elon Musk is promising that SpaceX's newest rocket will one day take humans to Mars, but it's costing the company billions of dollars to develop. Can SpaceX afford to see the program through?

May 04, 2023
|
By:
  • Geoff Brumfiel
Signage for Western Alliance Bank is displayed at its headquarters in downtown Phoenix on April 27, 2023. - Shares in smaller lenders such as Western Alliance and PacWest are sinking, reviving fears about the banking sector.

Tagged as: 

  • Business

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

May 04, 2023
|
By:
  • David Gura
IRS Commissioner Danny Werfel says the agency had lost capacity over the years to adequately assess "high wealth, high income filers."

Tagged as: 

  • Business

He's trying to fix the IRS and has $80 billion to play with. This is his plan

There are two competing trends: The population of the U.S. has grown at the same time as the workforce of the IRS has shrunk. A 10-year, $80 billion plan aims to tackle the agency's troubles.

May 04, 2023
|
By:
  • Patrick Wood
Writers picket in front of Netflix offices in Hollywood on Tuesday as the WGA strike began.

Tagged as: 

  • Television

The best picket signs of the Hollywood writers' strike

As the Writers Guild of America began its first strike in 15 years, union members let loose with quips to studio executives, as they picketed outside companies like Netflix, Sony and NBCUniversal.

May 04, 2023
|
By:
  • Mandalit del Barco and
  • Becky Sullivan
Unaccompanied immigrant minors wait to be processed by Border Patrol agents after they crossed the Rio Grande into south Texas on April 29, 2021.

Tagged as: 

  • National

Amid a child labor crisis, U.S. state governments are loosening regulations

New York Times journalist Hannah Dreier says hundreds of thousands of immigrant kids are working illegally. Washington Post reporter Jacob Bogage explains how states are loosening child labor laws.

May 04, 2023
|
By:
  • Tonya Mosley
Doctors' offices often offer special medical credit cards as a solution to paying off large medical bills. But patients may end up paying far more for their bills when they have to pay interest down the road.

Tagged as: 

  • Health

Biden administration warns consumers to avoid medical credit cards

Americans paid an estimated $1 billion in interest on medical debt in just three years, a federal agency finds. This includes use of credit cards often pitched in doctors' and dentists' offices.

May 04, 2023
|
By:
  • Noam Levey
The Bank of Bird-in-Hand in Pennsylvania is one of the country's more than 4,000 lenders. It has thrived by catering to the Amish community in the town of Bird-in-Hand. Its mobile branches, like the one pictured here, travel to remote parts of the state, carrying with them ATMs and a teller window.

Tagged as: 

  • Business

The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.

May 04, 2023
|
By:
  • Stacey Vanek Smith
A Kia sign hangs over a row of unsold 2021 Seltos models in December 2020 at a dealership in Centennial, Colo.

Tagged as: 

  • Business

Dealers still sell Hyundais and Kias vulnerable to theft, but insurance is hard to get

Some insurance companies have stopped issuing new policies for models that are subject to a high rate of thefts, but consumers are still able to buy the cars.

May 04, 2023
|
By:
  • Joe Hernandez
Federal investigators say they found more than 300 minors, including two 10-year-olds, were working illegally, the Labor Department said in a statement Tuesday, May 2, 2023.

Tagged as: 

  • Law

McDonald's franchises face more than $200,000 in fines for child-labor law violations

Three franchisees operating McDonald's locations in Maryland, Kentucky, Ohio and Indiana collectively had 305 minors working illegally. They are ordered to pay more than $200,000 in civil penalties.

May 04, 2023
|
By:
  • Ayana Archie
Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, D.C, on March 22, 2023. The Fed raised interest rates again Wednesday but signalled it may be the last hike for a while.

Tagged as: 

  • Economy

The Fed raises interest rates again in what could be its final attack on inflation

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

May 03, 2023
|
By:
  • Scott Horsley
  • Load More

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