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News Articles: Business

Dollar General is attracting new customers, as inflation-weary shoppers hunt for bargains. Many of the discount chain's core customers are checking out with fewer items in their baskets.

Tagged as: 

  • Business

Discounting is back in fashion, as Americans get tired of paying more

Consumer spending rose only slightly in April, as shoppers pushed back against rising prices.

June 01, 2024
|
By:
  • Scott Horsley
Trump Media shares were volatile a day after the former president -- and majority shareholder of the company -- became a convicted felon.

Tagged as: 

  • Business

'Buy DJT' is a new rallying cry for Trump supporters

Shares of Trump Media, the company behind Truth Social, were volatile a day after his historic conviction. It's an early test of how committed his supporters will actually be in owning the shares.

May 31, 2024
|
By:
  • Rafael Nam

Tagged as: 

  • Technology

How the FBI's fake cell phone company put criminals into real jail cells

There is a constant arms race between law enforcement and criminals, especially when it comes to technology. For years, law enforcement has been frustrated with encrypted messaging apps, like Signal and Telegram. And law enforcement has been even more frustrated by encrypted phones, specifically designed to thwart authorities from snooping.

But in 2018, in a story that seems like it's straight out of a spy novel, the FBI was approached with an offer: Would they like to get into the encrypted cell phone business? What if they could convince criminals to use their phones to plan and document their crimes — all while the FBI was secretly watching? It could be an unprecedented peek into the criminal underground.

To pull off this massive sting operation, the FBI needed to design a cell phone that criminals wanted to use and adopt. Their mission: to make a tech platform for the criminal underworld. And in many ways, the FBI's journey was filled with all the hallmarks of many Silicon Valley start-ups.

On this show, we talk with journalist Joseph Cox, who wrote a new book about the FBI's cell phone business, called Dark Wire. And we hear from the federal prosecutor who became an unlikely tech company founder.

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

May 31, 2024
|
By:
  • Nick Fountain,
  • Jess Jiang,
  • and 1 more
The CeBit technology fair in Hanover, Germany, March 24, 1990, shows a portable fax machine that weighs 3 kilos (6.6 pounds) and can be connected to any telephone via acoustic couplers.

Tagged as: 

  • World

Fax machines permeate Germany's business culture. But parliament is ditching them

Four out of five companies in Europe's largest economy continue to use fax machines. But Germany's parliament has until the end of June to stop relying on the antiquated communication technology.

May 31, 2024
|
By:
  • Esme Nicholson
The Federal Aviation Administration says it will continue to hold Boeing accountable after reviewing "the company’s roadmap to fix its systemic safety and quality-control issues." The 90-day review follows the in-flight door plug blowout on an Alaska Airlines 737 Max in January. Boeing finishes final assembly of its jets at at its facility in Renton, Wash.

Tagged as: 

  • National

Boeing promises big changes as the plane maker looks to rebuild trust and quality

Troubled plane maker Boeing promised sweeping changes to its manufacturing operations in an action plan that was mandated by federal regulators after a midair blowout on a 737 Max jet in January.

May 31, 2024
|
By:
  • Joel Rose
<em>The Wall Street Journal </em>Editor in Chief Emma Tucker has conducted multiple rounds of newsroom layoffs this year as part of a broad reorganization. Here, she participates in a panel discussion on the importance of free and safe global reporting during a 2023 conference hosted by the newspaper.

Tagged as: 

  • Media

'Wall Street Journal' layoffs continue, despite lucrative AI deal and record profits

The Wall Street Journal conducted another round of layoffs, explaining that it was pulling back from regional and local general news. It already has cut staff in Washington and abroad.

May 31, 2024
|
By:
  • David Folkenflik

Tagged as: 

  • Economy

Indicator Quiz: May Edition

It's time for The Indicator Quiz! We test you, dear listener, on your knowledge of topics that we've covered on The Indicator! Today's quiz focuses on ch-ch-changes. (That's a David Bowie reference, kids!) We're covering changes in the economy, the environment, the rental market, you get the picture. We're even tossing in a question about an AI-resurrected rapper. Play along with us and see how you do! Are you interested in being a contestant on our next Indicator Quiz? Email us your name and phone number at indicator@npr.org and put "Indicator Quiz" in the subject line.

May 30, 2024
|
By:
  • Wailin Wong,
  • Adrian Ma,
  • and 2 more
Medical supply company Medline Industries is recalling some 1.5 million Medline Bed Assist Bar adult bed rails across the U.S. and Canada following two reports of entrapment deaths associated with the products.<br/><br/>

Tagged as: 

  • Business

1.5 million adult bed rails are recalled following 2 reports of entrapment deaths

The Consumer Product Safety Commission says users of Medline's “Bed Assist Bars" can become entrapped within the bed rail or between the product and the side of a mattress when it's attached to a bed.

May 30, 2024
|
By:
  • The Associated Press

Tagged as: 

  • Economy

Using anecdotes to predict recessions

Eight times a year, we award regional Federal Reserve Banks with our coveted Beigie Award. While the anecdotes within the Beige Book offer us fascinating looks into the economy, to others, it can be difficult to make anything of the stories they tell. That's why we're giving out a special Beigie award today to some economists who found a way to use anecdotes to peer into our economic future.

Regional Economic Sentiment: Constructing Quantitative Estimates from the Beige Book and Testing Their Ability to Forecast Recessions

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.

May 30, 2024
|
By:
  • Robert Smith,
  • Darian Woods,
  • and 2 more

Tagged as: 

  • Your Money

What happens after you get scammed? Can you get your money back?

We are living in a kind of golden age for online fraudsters. As the number of apps and services for storing and sending money has exploded – so too have the schemes that bad actors have cooked up to steal that money. Every year, we hear more and more stories of financial heartbreak. What you don't often hear about is what happens after the scam?

On today's show, we follow one woman who was scammed out of over $800,000 on her quest to get her money back. That journey takes her from the halls of the FBI to the fraud departments of some of the country's biggest financial institutions. And it offers a window into how the systems that are theoretically designed to help the victims of financial cybercrime actually work in practice.

This episode was hosted by Alexi Horowitz-Ghazi and Jeff Guo. It was produced by Willa Rubin and edited by Keith Romer. It was engineered by Neal Rauch and fact-checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

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

May 29, 2024
|
By:
  • Alexi Horowitz-Ghazi,
  • Jeff Guo,
  • and 2 more
Three Black men have filed a lawsuit against American Airlines saying they were victims of “blatant and egregious racial discrimination” after being removed from a flight. Above, American Airlines planes are seen at Dallas-Fort Worth International Airport in June 2018.

Tagged as: 

  • National

American Airlines faces a discrimination suit after removing 8 Black men from flight

Neither passenger knew each other, nor were they seated together on the Jan. 5 flight from Phoenix to New York. A lawsuit alleges they were removed from the flight after a complaint about body odor.

May 29, 2024
|
By:
  • Jonathan Franklin
Melinda French Gates says she will donate $1 billion over the next two years to support women and family rights globally. Here, French Gates speaks at the forum Empowering Women as Entrepreneurs and Leaders during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington in April 2023.

Tagged as: 

  • Business

Melinda French Gates to give $1 billion to women's rights groups

The 59-year-old says her decision to donate $1 billion was in part due to the racial gap in women's mortality rates. She most recently stepped down as co-chair of the Bill and Melinda Gates Foundation.

May 29, 2024
|
By:
  • Jonathan Franklin

Tagged as: 

  • Business

Can dental therapists fill the gap in oral care?

Dental therapists have been practicing in other parts of the world for decades, but in the U.S. they are relatively few and far between. Like a hygienist, dental therapists can do cleanings as well as some procedures usually reserved for dentists, like simple extractions. They could also be the solution to getting underserved, rural communities better oral care. Today on the show, new momentum for dental therapy and why the American Dental Association is pushing back.

Related episodes:
The value of good teeth

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.

May 28, 2024
|
By:
  • Wailin Wong,
  • Adrian Ma,
  • and 2 more
American Airlines flight attendant Bette Nash greets passengers disembarking from her daily return flight to Boston at Reagan Washington Airport in 2017, at age 81. She died earlier this month.

Tagged as: 

  • Obituaries

Bette Nash, the world's longest-serving flight attendant, dies at 88

Nash began her career in 1957 when flight attendants handed out cigarettes and got weighed before shifts. She earned her Guinness World Record after 64 years of service in 2022 — then kept working.

May 28, 2024
|
By:
  • Rachel Treisman
The U.S. Department of Labor and the Justice Department have reached an agreement with a Virginia-based IT staffing firm after finding a job posting discriminatory. Here, the Labor Department building is seen in Washington, D.C.

Tagged as: 

  • Business

After ‘whites only’ job posting, tech staffing firm settles with DOJ, Labor

The company, which is a minority-owned federal contractor, will pay a penalty and be monitored to ensure compliance with U.S. anti-discrimination laws. 

May 28, 2024
|
By:
  • Bill Chappell
  • Load More

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