Economy & Business

Business news

Grading Obama’s economic report card

Jan 9, 2017

President Barack Obama is scheduled to deliver his last speech as the 44th president of the United States tonight in Chicago. He described the farewell speech as a chance to “celebrate” the country’s progress over the last eight years and "offer some thoughts on where we all go from here."

The speech comes as the U.S. economy reached its 75th consecutive month of job growth — one indication of how Obama is handing off a far better economy than he inherited in 2009.

You may have heard the generalization that millennials – people born between around 1982 and 2000 — are impatient in the workforce, that they hop from job to job, looking for better opportunities.

Well, a new report from the research organization The Conference Board, as well as RW2 Enterprises and DDI, finds the opposite – at least among millennials who hold leadership positions. 

01/10/2017: Obama's economic legacy

Jan 9, 2017
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Marketplace

Obama is set to make his last speech as U.S. president tonight, with plans to reflect on the past eight years. In the meantime, we'll reflect on his economic record. Next, we'll explore how the possibility of chillier U.S.-Cuba relations in the Trump administration could affect international access to Cuban drugs. And finally, we'll take a look at what the FIFA World Cup's expansion from 32 to 48 national teams means for revenue. 

01/10/17: Friend or foe?

Jan 9, 2017
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Marketplace

Confirmation hearings for Trump's cabinet picks are beginning — and the tech world is watching. As Attorney General nominee Jeff Sessions goes in front of the Judiciary Committee today, Silicon Valley will see whether he could be an ally or opponent. Politico's Tony Romm breaks down why Sessions is relevant to their interests. Plus: a conversation with Flatiron's VP of career services about the coding academy's plan to award new scholarships to women. 

Donald Trump has named his son-in-law to a top White House job. Jared Kushner will serve as a senior adviser to the president, and the transition team says he will work with incoming Chief of staff Reince Priebus and chief strategist Stephen Bannon "to execute President-elect Trump's agenda."

The announcement also says Kushner will not receive a salary while serving in the Trump administration, which could help alleviate legal problems stemming from federal anti-nepotism law.

Seven years ago, the Navajo tribal council in southeastern Utah started mapping the secret sites where medicine men and women forage for healing plants and Native people source wild foods. They wanted to make a case for protecting the landscape known as Bears Ears, a place sacred not only to their tribe but to many other tribes in the region, going back thousands of years.

My Economy: What it’s like to be the parent of a disabled child

Jan 9, 2017
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Robert Garrova and Bridget Bodnar

Healthcare is on the minds of a lot of Americans right now, in Congress and out. Margaret Enos lives outside of Philadelphia, Pennsylvania with her family. Enos’s daughter, now 22, was diagnosed with Cerebral Palsy and taking care of her has been a full-time job for the past two decades. Margaret Enos told her story for an installment of our series “My Economy.”

I’d say that the economy feels really iffy.

Fiat Chrysler has announced it'll invest about $1 billion to improve two of its plants in the U.S. It'll bring 2,000 jobs as well. This comes after news of other automakers changing their operating plans , like Ford canceling a factory in Mexico and investing in a Michigan plant. Of course, hanging over all of this are critical tweets from President-elect Donald Trump. So, how much are car companies planning their futures to align with a Trump administration?

The Limited has reached the end of the  brick and mortar road. The once popular women’s clothing chain and familiar mall tenant is on its way out. While it will be maintaining its online presence, for now, the company confirmed that it’s closing all of its stores across the country. And other big retailers, Aeropostale, Macys and Sears, are also struggling.  So what’s with this retail bust cycle? For one thing, people just are wearing more casual clothes, “athleisure wear” like hoodies and sweats and yoga pants. They don’t need to go to an upscale department store to get those.

Twitter is struggling to turn relevance into revenue

Jan 9, 2017
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Kai Ryssdal and Bridget Bodnar

When President-elect Donald Trump tweets, it makes headlines. He regularly uses Twitter to make announcements, call people out and, for better or for worse, shape policy. Despite this being Trump's main communication, Twitter — the company — is not benefiting financially.

Its stock is struggling, several top executives have left the company in the last six months and it has not had a significant increase in new users.

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Marketplace

This week is set to be a busy one in American politics.

Congress is ready to pass more legislation to repeal Obamacare, which has a greater chance of eventually becoming law once there’s a new resident of the White House in a few weeks.

President Obama is getting ready for his farewell address tomorrow, and President-elect Trump says he’s finally going to have a press conference, which he hasn’t done since July.

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

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UK farms replace EU migrants with machines

Jan 9, 2017
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Sam Beard

Poskitt Carrots prides itself on its fresh, local produce: 70,000 tons of the  orange vegetable are  harvested  every  year from a  big  family  farm in north Yorkshire. But many of the staff are not home-grown. Take the receptionist, Aiste Lukociute; she’s a Lithuanian who’s worked at Poskitts for eight years and most of her fellow workers are European Union migrants, too, hailing from Latvia, Estonia and Poland. Their boss Guy Poskitt says the migrants have played  a key part in the success of Poskitt Carrots.

01/09/2017: A busy week in DC

Jan 9, 2017
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Marketplace

It's a big week in politics. President Barack Obama will deliver his farewell address in Chicago tomorrow as confirmation hearings for President-elect Donald Trump's cabinet start in D.C. We'll look at the vetting process Trump's picks have (or haven't) gone through, and how this confirmation compares to past administrations. Plus, Twitter is Trump's favorite way to get the message out — why can't the company find a way to make money off that? Then, how athlesiure killed the mall and a startup that's trying to fight the opiod epidemic.

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Blake Farmer

Tiffany Hall of rural Northeast Tennessee knows the problem of drug-dependent babies better than just about anyone. She's been on both sides of the glass in the neonatal intensive care unit — first as a nurse, then as a mother on drugs.

“I worked with the babies born into addiction. I knew what could happen. I knew what was going to happen," Hall said.

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