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News Articles: Economy

Federal Reserve Chairman Jerome Powell attends a meeting at the Spain's Central Bank in Madrid, Spain, Thursday, June 29, 2023.  In the U.S., Powell and the central bank are trying to navigate a "soft landing" for the economy.

Tagged as: 

  • Economy

The Fed's hot pause summer gets an ice bath: Interest rates rise again

After taking a pause last month, the Fed got back to raising interest rates. Many are now saying a "soft-landing" is within our sights

July 26, 2023
|
By:
  • Stacey Vanek Smith
GPB  NPR

Tagged as: 

  • Economy

The Federal Reserve is expected to raise key interest rate again on Wednesday

The Federal Reserve is expected to raise its benchmark lending rate to the highest level in 22 years after a year of successive hikes aimed at fighting inflation.

July 26, 2023
|
By:
  • Stacey Vanek Smith and
  • Steve Inskeep
UPS drivers had threatened to walk off the job unless the company provided better pay for part-time workers.

Tagged as: 

  • Business

UPS union calls off strike threat after securing pay raises for workers

A tentative agreement between UPS and the Teamsters has averted a potential strike at the company. The deal will secure pay raises for part-time workers.

July 25, 2023
|
By:
  • Danielle Kaye
CAMBRIDGE, MASSACHUSETTS - JUNE 29: People walk through the gate on Harvard Yard at the Harvard University campus on June 29, 2023 in Cambridge, Massachusetts.

Tagged as: 

  • Education

Affirmative action for rich kids: It's more than just legacy admissions

A blockbuster new study finds that America's elite private colleges are systematically giving huge advantages to rich kids over their equally bright, yet less privileged peers.

July 25, 2023
|
By:
  • Greg Rosalsky
1313 L St. in Washington, D.C., was formerly an office building. By the end of this year, it will be home to newly finished apartments.

Tagged as: 

  • Business

Turning unused office space into housing could solve 2 problems, but it's tricky

Turning barely used office space into desperately needed urban housing seems like a win-win in the work-from-home era. But even in cities eager to do this, plenty of obstacles remain.

July 24, 2023
|
By:
  • Erin Kenney
It wasn't too long ago that a lot of experts were fearing a recession. It hasn't quite turned out that way – but that doesn't mean recession fears are over.

Tagged as: 

  • News

Up First briefing: State of the economy; a possible Trump indictment; difficult bosses

Another indictment for former President Trump could come soon. A career coach gives advice for workplace conflicts. Economic forecasters are optimistic, but the economy isn't out of the woods yet.

July 24, 2023
|
By:
  • Suzanne Nuyen
In this Oct. 24, 2012 file photo, a pedestrian walks in Greektown in downtown Detroit. A state-appointed review team Tuesday, Feb. 19, 2013 determined Detroit is in a financial emergency, paving the way for Republican Gov. Rick Snyder to appoint an emergency manager who would need to come up with a new plan to get the city out of its fiscal crisis.

Tagged as: 

  • National

10 years ago Detroit filed for bankruptcy. It makes a comeback but there are hurdles

The "Motor City" has made significant progress since it became the largest municipality to file for bankruptcy a decade ago but still faces potholes in its recovery.

July 22, 2023
|
By:
  • Quinn Klinefelter
GPB  NPR

Tagged as: 

  • Economy

The state of the — surprisingly resilient — economy

At the start of the year, economists were warning the U.S. was likely headed for a recession, but the U.S. economy has proven remarkably resilient. So what gives?

July 21, 2023
|
By:
  • Scott Horsley and
  • David Gura
People protesting proposed rock quarry

Tagged as: 

  • News

Crawford County approves rock quarry, despite community pushback

More than 100 people attended a Crawford County commission meeting to protest a proposed quarry. The final decision was not what many had hoped for.

July 20, 2023
|
By:
  • Eliza Moore
The median home price has risen to $413,800, the second highest price ever, according to data released Thursday by the National Association of Realtors.

Tagged as: 

  • Business

Inflation may be cooling, but the housing market is still too hot for many buyers

The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.

July 20, 2023
|
By:
  • Erin Kenney
GPB  NPR

Tagged as: 

  • Economy

How is Detroit doing 10 years after it filed for bankruptcy?

It's been a decade since Detroit became the largest U.S. city to file for bankruptcy. It's made a lot of progress since then but still faces challenges.

July 18, 2023
|
By:
  • Quinn Klinefelter
Dylan Schenker got his first barista job about a decade ago. He says, "At first it was just a job," but he then got passionate about it. But increasingly he's becoming dependent on tips and says people have a fundamental misunderstanding about tipping.

Tagged as: 

  • Your Money

Got tipping rage? This barista reveals what it's like to be behind the tip screen

The rise in tipping has many customers fuming, but one worker who depends on tips says most customers misunderstand what they are — and shares what it feels like when people don't tip.

July 18, 2023
|
By:
  • Stacey Vanek Smith
GPB  NPR

Tagged as: 

  • Economy

David Wessel discusses the Federal Reserve's next course of action

NPR's Steve Inskeep speaks with David Wessel, director of the Hutchins Center at the Brookings Institution, about the Federal Reserve's next course of action and the prospect of a "soft landing."

July 17, 2023
|
By:
  • Steve Inskeep
Some residents of Crawford County, Ga. oppose a Kentucky company's plans for a granite quarry near a historic girl scout camp that opened in 1922..

Tagged as: 

  • News

Granite quarry in Crawford County could jeopardize historic Girl Scout camp, residents say

The community of Crawford County is banding together to protest against a Kentucky company's development of a granite quarry on 437 acres of forest land.

July 17, 2023
|
By:
  • Eliza Moore
GPB  NPR

Tagged as: 

  • Music

Local economies are getting a boost from Taylor Swift and Beyoncé concerts

NPR's Sacha Pfeiffer asks economist Mara Klaunig about the economic effects on local communities of concerts like Taylor Swift's or Beyoncé's.

July 17, 2023
|
By:
  • Sacha Pfeiffer,
  • Hiba Ahmad,
  • and 1 more
  • Load More

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