Economy & Business

Business news

The IMF faces scrutiny by Trump team

23 hours ago

President Trump's "America first" rhetoric has been critical of international cooperation across the board. Trump called NATO “obsolete” and NAFTA the “worst trade deal ever.” And his administration announced plans earlier this month to nominate a fierce critic of the International Monetary Fund to a key role at the Treasury Department. Here’s what that could mean for international financial institutions in the years ahead. 

How augmented reality can improve shopping

23 hours ago
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Molly Wood

Retail is struggling. Macy's, Abercrombie & Fitch, The Limited and American Apparel are just a few retailers that have been closing stores recently. One reason is that shopping online is simpler. So, companies are turning to technology to make shopping better and more futuristic. Two companies, Bold Metrics Inc. and Morph 3D recently partnered up to use new virtual and augmented reality technology combined with a virtual map of your body to let you try on clothes in the digital world, in stores or at home.

What now? That's the question after House Republicans last week failed to pass a repeal-and-replacement bill for the Affordable Care Act, also known as Obamacare. Over the weekend President Trump predicted the ACA will "explode." One way that could happen is if more insurers drop out of state and federal exchanges in 2018. They're worried they'll take a bath insuring sick and expensive customers, as some already have. So they're looking to Congress and the Trump administration for help.

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President Trump is asking top adviser and son-in-law Jared Kushner to head up the new department to innovative ideas and implement data-driven practices used in the business world in government. This idea of data-driven management has been around for a while and has been slow to take off in government. For one, unlike a business, government agencies aren’t necessarily designed to function like a business. Also, the access to data needed isn’t always readily available. 

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Airlines have surprisingly strict dress codes for people traveling on "buddy passes," and astonishingly tone-deaf explanations.

Those are two takeaways from a story on Sunday that prompted shock and outrage on social media.

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Sam Whitehead

On a recent Saturday afternoon, the Central High School gym in the small, rural community of Talbotton, Georgia was packed.

The Hawks boys basketball team was in the playoffs. Talbot County schools Assistant Superintendent Cynthia Epps said it was kind of a big deal for this community, with a population of about a thousand people. “Basketball games tends to be a gathering … basketball games and churches,” she said.

President Trump continues to own hundreds of businesses around the world, and he has staffed his administration with wealthy people who have ties to a complex web of companies. Those financial entanglements have prompted government ethics experts to raise concerns about conflicts of interest.

Your internet data may be up for sale

Mar 27, 2017
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Molly Wood

Last week, the United States Senate quietly voted to repeal the Federal Communications Commission's broadband privacy rules. These rules would have given consumers the power to choose how to share personal data that gets collected by internet service providers. For example, data about what websites you visit. The bill goes to the House of Representatives for a vote on Tuesday. If it passes the House, it goes off to President Donald Trump, who is expected to sign it.

In the spring of my senior year of high school, I took daily trips to the mailbox. It might have been the only time in my life when I knew for a fact that any day, letters with my name on them would appear in the mailbox from colleges that had read through my hopeful applications.

Why markets worldwide are down following Congress's failure to repeal and replace Obamacare. Then, a new survey reveals that credit card holders are generally successful when they ask to negotiate rates and waive fees. And Sabri Ben-Achour interviews journalist Jason Koebler about why farmers are fighting John Deere policies by hacking their

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Marketplace

What now? That's the question after House Republicans last week failed to pass a repeal-and-replacement bill for the Affordable Care Act. We take a look at what might happen to state and federal insurance exchanges in 2018. We also re-visit the question "Can the government really act like a business?" President Trump seems to think so. Jared Kushner, his son-in-law, will head a new department with an old concept: use data-driven business practices and apply them to government.

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Sabri Ben-Achour

In some rural parts of the U.S., there is a bitter divide emerging between farmers and a tractor company over software. Tractors these days are not your grandpa's tractors — they come with sophisticated software. Farmers say this technology locks them out of their equipment so they can't fix it themselves, which is why they’re jailbreaking their tractors using bootleg software.

NYC’s 'Fearless Girl' will keep standing on Wall Street

Mar 27, 2017
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Jana Kasperkevic

The faceoff between the Wall Street bull and the “Fearless Girl” will continue.

The 4-foot-tall, pony-tailed statue of a girl with arms akimbo was supposed to be removed on April 2, but New York city officials announced on Sunday that it was extending its stay through February of next year.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

DAVID GREENE, HOST:

What's it like to sue President Trump? For Jeffrey Lovitky, with a one-lawyer firm in Washington, D.C., it's not a great feeling.

"It is intimidating. I am intimidated," he said in an interview with NPR. "I mean, I would rather not be doing this."

But he has done it, and when he couldn't enlist anyone else to be the plaintiff, he took on that role, too.

"I think people are afraid to put their name out there on a lawsuit against the president," he said. "There is a sense that Donald Trump can be very difficult on people who oppose him."

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