Economy & Business

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OPEC meetings are underway in Vienna, and for now, indications are that oil-producing countries will agree to lift some of the production limits they set 18 months ago. We look into how any changes out of the OPEC summit could ripple through the global economy.

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More and more women have been willing to speak out about harassment and assault in the workplace since the #MeToo movement began last fall. And employers want to ensure they have no reason to do so – mainly for liability reasons. That's why they’ve begun to feel more wary about hiring, as Corinne Jones can attest.

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The White House unveiled a plan Thursday to merge the Education and Labor departments into a single Cabinet agency: the Department of Education and the Workforce. The proposal is part of a 132-page document outlining a broad restructuring of the federal government. The changes would require congressional approval.

The teen summer job is a vaunted tradition...one that is fading. Today's teenagers just aren't working at nearly the same rates as older generations did. Today we explore why, even with really low unemployment, the teen job market isn't picking up more. Some of it is because teens don't want to work, but some of it is also because employers don't want to employ them.

Music: "Black Surf Duel"

Do you think the Supreme Court shops online?

Jun 21, 2018

We're asking because today a narrow majority ruled that online shoppers have to pay state sales tax, even if the business doesn’t have a physical presence in the state. We'll talk about what that means for companies like Wayfair, the defendant in this case, and consumers. Then we'll bring you the latest on gas prices for the summer. Plus: Brownsville, Texas, is just a 10-minute walk from Matamoros, a city in Tamaulipas, Mexico. As the Trump administration's immigration policy causes tension nationally, Brownsville's local economy feels its effects firsthand.

That's what Kansas Senator Pat Roberts said to Secretary of Commerce Wilbur Ross at Wednesday's Finance Committee hearing. He also asked if Ross would personally call one of his constituents, Mike Bergmeier, who works at a company that makes agricultural equipment in Hutchinson, Kansas. Ross promised to call Bergmeier and he kept that promise. We also gave Bergmeier a call to see what he had to say about steel tariff exemptions in the agriculture industry.

Supreme Court rules for states in online sales tax case

Jun 21, 2018

The Supreme Court says states can force online shoppers to pay sales tax.

The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impacted online sales tax collection.

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When companies take a stand on immigration

Jun 21, 2018

(Markets Edition) Stocks are down right now for several German car companies, including Daimler, BMW and Volkswagen. The likely cause: tariff threats. Diane Swonk, chief economist at the consulting and accounting firm Grant Thornton, explains how these tariff decisions aren't accounting for our global supply chain. Afterwards, we'll look at how several corporations are pushing back against the Trump administration's immigration policies.

Some online sales are about to start costing more.

The U.S. Supreme Court ruled Thursday that states can require retailers to collect and remit sales taxes on out-of-state purchases. The 5-to-4 decision reversed decades-old decisions that protected out-of-state vendors from sales tax obligations unless the vendor had a physical presence in the state.

Another government shutdown might be around the corner

Jun 21, 2018

The U.S. already had one government shutdown earlier this year, now we might be headed toward another this October. 

OPEC poised to shift oil agreements

Jun 21, 2018

Representatives from oil producing nations are in Vienna for the biannual OPEC summit. The organization’s most recent agreement capped production. But demand is soaring, so some significant changes could come out of this round of meetings. That’s because of varying goals among oil producing countries.

Click the audio player above to hear the full story. 

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