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News Articles: Economy

The atrium at Savannah-Hilton Head International Airport

Tagged as: 

  • Business

Savannah's airport soars above pre-pandemic passenger count, setting new record in 2022

3.5 million passengers breaks the previous record set in 2019.

February 07, 2023
|
By:
  • Benjamin Payne
Dr. Andrew Boozary

Tagged as: 

  • Health

This doctor wants to prescribe a cure for homelessness

A growing hospital movement aims to improve health outcomes of homeless patients with what might be considered the ultimate preventive care: providing them with a home.

February 07, 2023
|
By:
  • Greg Rosalsky
Kaitlyn Arland drives in her car in Junction City, Kan. Two years ago, when she tried to buy her first car, the dealership called her back and demanded she sign a new deal with a higher down payment after she had taken the car home. This tactic is often referred to as a yo-yo deal.

Tagged as: 

  • Investigations

Even after you think you bought a car, dealerships can 'yo-yo' you and take it back

NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.

February 06, 2023
|
By:
  • Chris Arnold
Emma Alexander was recently laid off from Goldman Sachs, along with over 3,000 other employees. Although the layoffs were unusually large this year, they are an ever-lurking prospect for people who work in finance.

Tagged as: 

  • Business

It's nothing personal: On Wall Street, layoffs are a way of life

Big companies such as Amazon and Google have recently announced layoffs. On Wall Street, getting cut is always acknowledged as an ever-lurking prospect — but it still stings when it happens.

February 05, 2023
|
By:
  • David Gura
Julia Grugan, 20, a senior at Temple University recently made one of her first major investments: A 10 gram gold bar.

Tagged as: 

  • Your Money

The new global gold rush

After decades of being seen as a go-nowhere investment, investors are taking a shine to gold again.

February 04, 2023
|
By:
  • Stacey Vanek Smith
GPB News NPR

Tagged as: 

  • Economy

In January, the unemployment rate fell to its lowest in over 53 years

US employers added over 500 thousand jobs last month, far more than forecasters expected. The unemployment rate fell to its lowest level in more than 53 years, and President Biden is taking credit.

February 04, 2023
|
By:
  • Scott Simon and
  • Scott Horsley
Traders work on the floor of the New York Stock Exchange in New York City on Jan. 18, 2023. Stocks have rallied this year on hopes about the economy, but some fear that optimism is misplaced.

Tagged as: 

  • Business

Markets are surging as fears about the economy fade. Why the optimists could be wrong

The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.

February 04, 2023
|
By:
  • Rafael Nam and
  • David Gura
A 'help wanted' sign is displayed in a window of a store in Manhattan, New York City, on Dec. 2, 2022. U.S. employers added an unexpectedly strong 517,000 jobs in January, showcasing the labor market is red-hot. The unemployment rate fell to its lowest level in more than half a century.

Tagged as: 

  • Economy

U.S. employers added 517,000 jobs last month. It's a surprisingly strong number

U.S. employers added 517,000 jobs in January, as the unemployment rate fell to 3.4% . The job market remains tight, despite signs of a slowing economy.

February 03, 2023
|
By:
  • Scott Horsley
A cannonball jellyfish is shown washed up along a sandy shore.

Tagged as: 

  • News

Jellyfish for dinner? It's all about the proteins

A University of Georgia researcher is looking at ways to use jellyfish proteins as a food ingredient.

February 02, 2023
|
By:
  • Orlando Montoya
A sign noting the acceptance of electronic benefit transfer (EBT) cards, which SNAP beneficiaries use to pay for food, is displayed at a grocery store in 2019 in Oakland, Calif. SNAP emergency allotments are ending after this month and have already ended in some parts of the country.

Tagged as: 

  • National

SNAP recipients will lose their pandemic boost and may face other reductions by March

Congress ended the temporary benefit meant to help low-income households with pandemic-era hardships. A huge increase in Social Security benefits may mean some households see further SNAP reductions.

February 02, 2023
|
By:
  • Kaitlyn Radde
Federal Reserve Chair Jerome Powell speaks during a news conference after the Fed's meeting on Nov. 2, 2022, in Washington, D.C. The Fed raised interest rates by a quarter percentage point on Wednesday, its smallest increase in 11 months.

Tagged as: 

  • Economy

The Fed raises interest rates by only a quarter-point after inflation drops

The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says inflation is not yet tamed.

February 01, 2023
|
By:
  • Scott Horsley
 Gov. Brian Kemp steps out of a Rivian truck Thursday at a press event announcing the the electric vehicle maker will build a factory in Georgia. Jill Nolin/Georgia Recorder

Tagged as: 

  • Economy

Georgia’s big bet on electric vehicle rollout rides heavily on state and federal backing

Gov. Brian Kemp is on a mission to make Georgia the undisputed electric vehicle capital of the nation. But the growing industry has also presented a number of challenges to state legislators and agency leaders this year.

January 31, 2023
|
By:
  • Stanley Dunlap
GPB News NPR

Tagged as: 

  • Economy

The Fed kicks off a 2-day meeting with another interest rate hike expected

NPR's Steve Inskeep talks to Ken Kuttner, economics professor at Williams College, about the Federal Reserve's next expected interest rate hike. It would mark the eighth increase since March of 2022.

January 31, 2023
|
By:
  • GPB Newsroom
A delivery rider picks up his customers' online order as residents line up outside a store to buy Lunar New Year desserts in Beijing, Jan. 17. China's economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump.

Tagged as: 

  • World

With COVID lockdowns lifted, China says it's back in business. But it's not so easy

China has been trying to woo back foreign investors and businesses after nearly three years of self-imposed isolation, but a quick economic recovery will also hinge on domestic consumption.

January 30, 2023
|
By:
  • Emily Feng
Google last week announced it would layoff 12,000 people from its staff, the latest Big Tech company to enact mass workforce reductions in recent months.

Tagged as: 

  • Technology

5 takeaways from the massive layoffs hitting Big Tech right now

Some 200,000 tech jobs have been lost in what is seen as one of the sharpest downturns in the tech industry's history. Here is what you need to know about the mass layoffs in Silicon Valley.

January 29, 2023
|
By:
  • Bobby Allyn
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