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News Articles: Business

The Consumer Financial Protection Bureau is requiring buy-now, pay-later lenders to provide the same protections to shoppers as credit card companies do.

Tagged as: 

  • Your Money

Buy-now, pay-later returns and disputes are about to get federal oversight

The Consumer Financial Protection Bureau is requiring buy-now, pay-later lenders to provide the same protections to shoppers as credit card companies do.

May 22, 2024
|
By:
  • Alina Selyukh
Rising prices remain a top concern for Americans, according to a new survey by the Federal Reserve. But 72% of adults say they're living comfortably financially or at least doing OK.

Tagged as: 

  • Economy

A big survey asked Americans about their finances. Here are some trouble spots

A new report from the Fed shows little change in family finances over the last year, but rising prices remain a big worry. And parents of children under the age of 18 feel worse off than a year ago.

May 22, 2024
|
By:
  • Scott Horsley

Tagged as: 

  • Business

AI Tupac and the murky legality of digital necromancy

With a few clicks of AI software, anyone can conjure the voice or visual likeness of a dead celebrity — or really anyone. This new world has opened up a bunch of new legal questions about the rights of people and their heirs to control digital replicas of themselves. Today on the show, how a Drake diss track featuring the voice of Tupac made it into the Congressional record, and how it may lead to more regulation of AI.

To read more of Greg Rosalsky's reporting, subscribe to Planet Money's newsletter.

Related episodes:
AI creates, transforms and destroys ... jobs (Apple / Spotify)
Are the Products in your shopping cart real? (Apple / Spotify)
Planet Money makes an episode using AI

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 21, 2024
|
By:
  • Greg Rosalsky,
  • Adrian Ma,
  • and 2 more
Customers shop at a Target store on Monday in Miami.

Tagged as: 

  • Business

Target is cutting prices on 5,000 items including milk, butter and pet food

Target joins other retailers trying to draw inflation-weary shoppers to stores. The chain says reductions have already been reflected in about 1,500 products.

May 21, 2024
|
By:
  • Ayana Archie and
  • Alina Selyukh
When OpenAI announced its latest ChatGPT last week, the AI voice it used in its demo was quickly compared to Scarlett Johansson's voice in the 2013 sci-fi film "Her," but now the company says it is pulling the voice.

Tagged as: 

  • Technology

Scarlett Johansson says she is 'shocked, angered' over new ChatGPT voice

Johansson says she was approached multiple times by OpenAI to be the voice of ChatGPT, and that she declined. Then the company released a voice assistant that sounded uncannily like her.

May 20, 2024
|
By:
  • Bobby Allyn
FDIC chairman Martin Gruenberg — widely criticized for a toxic workplace at the agency — said Monday that he's willing to step down once a successor is confirmed by the Senate.

Tagged as: 

  • Politics

Biden will name new boss soon to lead 'toxic' FDIC

FDIC chairman Martin Gruenberg says he's prepared to step down once a successor is confirmed. Gruenberg has been widely criticized for fostering a toxic workplace at the agency.

May 20, 2024
|
By:
  • Scott Horsley
This Red Lobster in Maryland was among dozens of locations that closed abruptly ahead of the restaurant's bankruptcy filing.

Tagged as: 

  • Business

Red Lobster files for bankruptcy after missteps including all-you-can-eat shrimp

The seafood chain is in hot water after a series of bad choices by a parade of executives. Almost 580 restaurants will stay open, after dozens closed abruptly last week.

May 20, 2024
|
By:
  • Alina Selyukh

Tagged as: 

  • Business

Building generational wealth in rural America

Homes are not just where we eat and sleep, but one of the primary ways people build generational wealth in the U.S. But with home shortages and harsh climates, rural America's path to building that wealth looks a little different than other parts of the country. Today on the show, we focus in on housing challenges in Alabama's Black Belt and one innovative solution to preserving generational wealth.

Related:
There is growing segregation in millennial wealth

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 20, 2024
|
By:
  • Stephan Bisaha,
  • Adrian Ma,
  • and 2 more
Disney characters lead a parade to celebrate Mickey Mouse's 90th birthday at Disneyland in November 2018.

Tagged as: 

  • Business

'Magic United': Disneyland characters vote to unionize

Disneyland employees in California, including those who perform as characters from Mickey Mouse to Moana, have voted to unionize. The 1,700 workers will be represented by Actors' Equity Association.

May 18, 2024
|
By:
  • Andrea Hsu
More than 5,000 workers assemble luxury SUVs and EV batteries for Mercedes-Benz in Alabama.

Tagged as: 

  • Business

Mercedes workers vote no to union. UAW says they were illegally intimidated

More than 5,000 Mercedes-Benz workers who build luxury SUVs in Alabama were eligible to vote on whether to join the UAW. Workers faced intense anti-union messaging from Mercedes in the run-up.

May 17, 2024
|
By:
  • Andrea Hsu and
  • Stephan Bisaha

Tagged as: 

  • Technology

The hack that almost broke the internet

Last month, the world narrowly avoided a cyberattack of stunning ambition. The targets were some of the most important computers on the planet. Computers that power the internet. Computers used by banks and airlines and even the military.

What these computers had in common was that they all relied on open source software.

A strange fact about modern life is that most of the computers responsible for it are running open source software. That is, software mostly written by unpaid, sometimes even anonymous volunteers. Some crucial open source programs are managed by just a single overworked programmer. And as the world learned last month, these programs can become attractive targets for hackers.

In this case, the hackers had infiltrated a popular open source program called XZ. Slowly, over the course of two years, they transformed XZ into a secret backdoor. And if they hadn't been caught, they could have taken control of large swaths of the internet.

On today's show, we get the story behind the XZ hack and what made it possible. How the hackers took advantage of the strange way we make modern software. And what that tells us about the economics of one of the most important industries in the world.

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

May 17, 2024
|
By:
  • Jeff Guo,
  • Nick Fountain,
  • and 2 more
TikTok sued the Biden administration in response to a new law that bans the video app in the U.S. unless it is sold in the next 12 months.

Tagged as: 

  • Technology

Legal experts say a TikTok ban without specific evidence violates the First Amendment

The Justice Department is expected to argue that its clamp down on TikTok is about national security, but Constitutional lawyers say there is no way around grappling with the free speech implications.

May 17, 2024
|
By:
  • Bobby Allyn
The U.S. Supreme Court rejected a challenge to the way the CFPB is funded.

Tagged as: 

  • Law

Supreme Court upholds funding structure for consumer watchdog agency

The opinion was written by Justice Clarence Thomas, who reversed the decision of the 5th Circuit. Justices Neil Gorsuch and Samuel Alito dissented.

May 16, 2024
|
By:
  • Nina Totenberg

Tagged as: 

  • Economy

How the Dominican Republic became Latin America's economic superstar

For decades, the Dominican Republic's economy has been growing at a remarkably steady pace. The Caribbean nation of 11 million people is today considered a middle-income nation, but the International Monetary Fund projects it could become an advanced economy within the next 40 years.

Today on the show, we uncover the reasons behind the Dominican Republic's economic success and whether or not these benefits are being felt widely in the country.

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 16, 2024
|
By:
  • Wailin Wong,
  • Darian Woods,
  • and 2 more
Traders on the floor of the New York Stock Exchange in New York City on May 16, 2024, when the Dow hit 40,000 points for the first time ever.

Tagged as: 

  • Business

The Dow Jones hits 40,000 for the first time. What to know about this major milestone

Stock markets received a boost from new data showing inflation is easing. Lower inflation has raised hopes about the U.S. economy — but there are still a lot of unknowns.

May 16, 2024
|
By:
  • Rafael Nam
  • Load More

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