Economy & Business

Business news

Scott Tong

There are signs the long slump in oil prices may be ending. The International Energy Agency says supply and demand globally are “near balance.” And already, some American drillers are betting on higher prices and putting drill-bits into the ground, measured by the private-sector oil rig count. That includes those employing high-tech “fracking,” which is growing more affordable by the day.

Tony Wagner

The emoji-friendly messaging company Line started trading on the New York Stock Exchange Thursday morning, opening at $42 a share— nearly 30 percent more than its initial offering of $32.84.  It closed at $41.58, giving it a market value of around $8 billion. 

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There are a lot of people suffering from a mental health condition who need therapy. And there are a lot of therapists who want to help them. But both sides believe the insurance companies that are supposed to bring them together are actually keeping them apart.

Insurance companies, for their part, say there's a shortage of therapists.

But it's not that simple. Especially in urban areas, there are lots of therapists. They just don't want to work with the insurance companies.

Lane Wallace

New foreclosure data out Thursday from research firm RealtyTrac show foreclosures are down, but there are still some rough spots. The first six months of 2016 saw 11 percent fewer filings than the same period last year, and the month of June saw a 10-year low.

Gold's popularity in India

Jul 14, 2016

Whether it's at weddings, festivals or religious ceremonies, gold is extremely popular in India. It's thought that about 20,000 tons are stashed away in homes, businesses and temple vaults. Now the government is offering incentives to get some of that gold back into the economy. 

Click the above audio player to hear the full report from the BBC's Shilpa Kannan.

Reema Khrais

When we talk about rising inequality, we typically think about the rich getting richer and the poor getting poorer. But a new report from McKinsey Global Institute points to another grim reality: an increasing proportion of today’s younger generation is at risk of ending up poorer than their parents.

Between 2005 and 2014, up to 70 percent of households in advanced economies had flat or falling incomes, according to the report. That compares with less than 2 percent of households in the previous decade.

The evolving roles of US textile workers

Jul 14, 2016
Tracey Samuelson

The impact of global trade and trade agreements have been of great debate during the current U.S. presidential campaign. The debate is centered on the forces of globalization and how the rules meant to govern it affect American workers. In our latest Marketplace-Edison Research poll, a majority of respondents told us they blame trade deals for the loss of U.S. manufacturing jobs, over other natural changes in the economy. But forces like automation, improved technology and product specialization cannot be overlooked.

JaeRan Kim

Messaging services and apps are big money makers in the tech world. Two years ago, Facebook bought WhatsApp for $19 billion. Now, a messaging app from Japan is making waves with the largest tech initial public offering so far this year.

Line is valued at more than $6 billion in its IPO, an amount driven by the lack of similar offerings and recent globe-shaking events.

Marketplace Tech for Thursday, July 14, 2016

Jul 14, 2016

On today's show, we'll talk about the communication app Line, which may be the biggest IPO of 2016; tracking people using stingrays, devices that mimic cell phone towers; and the servers that power such games as Pokemon Go.


On today's show, we'll talk about the popularity of messaging company Line, which begins trading in New York this morning; how young people today are at risk of ending up poorer than their parents; and the loss of manufacturing jobs in the U.S. as part of our series on economic anxiety.

Episode 711: Hooked on Heroin

Jul 13, 2016

When we meet the heroin dealer called Bone, he has just shot up. He has a lot to say anyway. He tells us about his career--it pretty much tracks the evolution of drug use in America these past ten years or so. He tells us about his rough past. And he tells us about how he died a week ago. He overdosed on his own supply and his friend took his body to the emergency room, then left.

New British Prime Minister Theresa May announced six members of her Cabinet Wednesday.

The Boston Citgo sign, all 3,600 square LED feet of which has served as the backdrop to Red Sox games since 1965, is now officially a "pending landmark."

It's that time again: the Fed's Beige Book is out

Jul 13, 2016
Kai Ryssdal

No joke one of my favorite days of the economic year because the Fed came out with the Beige Book today — its eight-times-a-year regional breakdown of the U.S. economy.

Here, courtesy of the Real Time Economics blog at Wall Street Journal, are some of the highlights.

From the Boston Fed this quote: