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News Articles: Economy

Federal Reserve Chairman Jerome Powell arrives for the plenary of the International Monetary and Financial Committee (IMFC) meeting, during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Friday, April 14, 2023.

Tagged as: 

  • National

Pranksters posing as Ukraine's president tricked the Fed chair into a phone call

The Fed chairperson was tricked into an extended phone call in January with Russian pranksters posing as Ukraine's president, during which the discussion focused on the impact of interest rate hikes.

April 28, 2023
|
By:
  • The Associated Press
GPB  NPR

Tagged as: 

  • Education

Families grapple with rising college costs

As college tuition continues to rise, families are trying to figure out where their kids will go to college and how they'll pay for it.

April 27, 2023
|
By:
  • Elissa Nadworny
The Silicon Valley Bank logo is seen through a rain-covered window in front of the SVB headquarters in Santa Clara, Calif., on March 10, 2023. The Federal Reserve is set to issue a report on Friday looking into its own role supervising the lender ahead of its collapse.

Tagged as: 

  • Business

What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report

The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.

April 27, 2023
|
By:
  • Scott Horsley and
  • David Gura
A customer waits to order food at a Miami McDonald's on July 26, 2022. The CEO of McDonald's expects the U.S. to experience a mild recession and says customers have grown more reluctant to splurge on or supersize their orders.

Tagged as: 

  • Economy

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

April 27, 2023
|
By:
  • Scott Horsley
GPB  NPR

Tagged as: 

  • Politics

House of Representatives narrowly approves Republican bill to raise debt limit

The House of Representatives narrowly approved a Republican bill that links avoiding a default with enacting spending cuts and several GOP policies rolling back several of President Biden's policies.

April 26, 2023
|
By:
  • Deirdre Walsh
As of March 2023, there were 316,000 job openings in tech, according to the nonprofit IT association CompTIA. Despite mass layoffs in Silicon Valley, tech jobs remain plentiful.

Tagged as: 

  • Business

Need a job? Tech remains a good bet despite mass layoffs in Silicon Valley

The number of openings in the technology field is still high, and tech jobs continue to be attractive to workers looking for stable, lucrative careers.

April 26, 2023
|
By:
  • Andrea Hsu
The U.S. Capitol is seen during an event celebrating 100 days of House Republican rule last week in Washington, D.C.

Tagged as: 

  • Politics

House Republicans hope their debt limit bill will get Biden to the negotiating table

The House plans to vote on its debt ceiling bill this week. Rep. Dusty Johnson, R.-S.D., calls it an "opening negotiation position" as the risk of a default looms.

April 26, 2023
|
By:
  • Rachel Treisman
The logo of news website BuzzFeed in 2014. The company announced it was undergoing a 15% reduction in force and ending its news division.

Tagged as: 

  • National

BuzzFeed shutters its newsroom as the company undergoes layoffs

BuzzFeed News started in 2012 and grew to have more than 100 journalists across the world. Moving forward, BuzzFeed will concentrate news efforts in HuffPost, the company said.

April 21, 2023
|
By:
  • Jaclyn Diaz and
  • Majd Al-Waheidi
A Lyft logo is installed on a Lyft driver's car in Pittsburgh. The company announced this week that its making major cuts to its staff in a cost-saving move.

Tagged as: 

  • Business

Lyft is the latest tech company to cut jobs

Lyft will "significantly reduce" its staff to cut costs, said CEO David Risher, who took over as the ride-hailing company's leader just this week.

April 21, 2023
|
By:
  • Jaclyn Diaz
GPB  NPR

Tagged as: 

  • Media

BuzzFeed News is shutting down as part of companywide layoffs

NPR's Michel Martin talks to reporter and former BuzzFeed News editor Ben Smith about the development that BuzzFeed is shutting down its Pulitzer-winning news division as the company lays off staff.

April 21, 2023
|
By:
  • GPB Newsroom
Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, in Washington.

Tagged as: 

  • World

Security comes first in U.S.-China economic relations, says Treasury Secretary Yellen

Still, U.S. and China need to work together on issues like climate change and debt relief.

April 20, 2023
|
By:
  • John Ruwitch
White House chief of staff Jeff Zients, seen here in a Feb. 1, 2023 file photo, says President Biden wants to keep talks about government spending separate from a bill needed to raise the debt limit.

Tagged as: 

  • Politics

First raise the debt limit. Then we can talk about spending, the White House insists

White House chief of staff Jeff Zients says debt limit talks and spending negotiations must be kept separate — despite House Speaker Kevin McCarthy's insistence they be tied together.

April 20, 2023
|
By:
  • Asma Khalid
The tax free bagel from H&H Bagels injects the cream cheese inside of the bagel to avoid New York's 8% Sandwich Tax

Tagged as: 

  • Business

Behold the tax free bagel: A New York classic gets a tax day makeover

The so-called sandwich tax is a charge on prepared foods in some states, like California, New York, and Massachusetts. But one iconic New York dish found a loophole

April 19, 2023
|
By:
  • Stacey Vanek Smith

Tagged as: 

  • Economy

Where Are Interest Rates Going?

The answer could matter for your home value, stock portfolio, and the future of the economy.

April 18, 2023
|
By:
  • Greg Rosalsky
Marlin Steel Wire Products, a Baltimore-based maker of wire racks and baskets, seen here on March 22, 2023. The company saw a surge of demand during COVID-19, which snarled supply chains for competitors overseas.

Tagged as: 

  • Politics

Biden bets big on bringing factories back to America, building on some Trump ideas

President Biden has embraced the idea of subsidies for key industries and measures to shut out Chinese competitors. Reviving manufacturing is a theme he's expected to run on in 2024.

April 17, 2023
|
By:
  • Asma Khalid
  • Load More

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