Economy & Business

Business news

Twitter shares take a tumble

Jul 27, 2016

Twitter took a dive on Wall Street Today. The company's shares were down 14 percent plus after what can only be called an abysmal earnings report after the close yesterday. The social media company cited slow revenue growth, lousy predictions for future revenue growth, and stagnant user numbers in its earnings report. However, social media giant Facebook reported a wave of fresh revenue today in its earnings report.

Finding his voice, one Disney character at a time

Jul 27, 2016
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Kai Ryssdal

Life, Animated” is a documentary film about the remarkable story of a boy with autism whose parents discovered that they could communicate with him through Disney movies. Kai talked to Owen and his father Ron Suskind, a reporter and author of many books including the one this documentary is based on “Life Animated.”  The film centers around Owen’s struggles growing up autistic and his parents unrelenting quest to be able to communicate with their son. Their breakthrough comes one day when Owen te

Marketplace for Wednesday, July 27, 2016

Jul 27, 2016
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Sally Herships

Kai talks with Ron Suskind and his son Owen Suskind about the new documentary film "Life, Animated" that follows their son's story of overcoming autism; Banks in Silicon Valley are trying to attract more customers by offering 24 hour approvals and zero-money-down mortgages.; and a group of students from Yale University is setting up Connecticut's first bail fund to pay the bail of low income people who would otherwise be stuck in jail for minor offenses

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Kai Ryssdal

Let’s do the numbers: the ALS Ice Bucket Challenge

Jul 27, 2016
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Marketplace staff

The ALS Association is celebrating two years of people dumping ice water on themselves to raise money to combat the neurodegenerative disease, also known as Lou Gehrig’s disease.

Apple’s earnings were a mixed bag

Jul 27, 2016
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Lane Wallace

Apple has reported its latest profits to much fanfare, and results show iPhone sales have once again slumped, with overall sales down by the billions from this time last year. Still, stocks shot up because the results were better than expected.

To hear Apple CEO Tim Cook talk on the earnings call Tuesday, everything is rose golden.

“Apple Watch continues to be the best-selling smart watch in the world,” he said.

Last month's vote by the United Kingdom to leave the European Union has left a lot of unanswered questions. One is what will happen to the 2.5 million EU residents who now work in the U.K. Many employers say sending them home would be a disaster for the British economy.

Go into any store or restaurant in Greater London and the chances are good the people working there are from the EU. They teach in Britain's schools, pick its crops and build its houses. They're prominent in finance and medicine.

Third time was the charm

Jul 27, 2016
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Andrea Seabrook, Gina Delvac, Nancy Marshall-Genzer, Kim Adams and Bridget Bodnar

Former President Bill Clinton gave a speech typical of a presidential spouse on Tuesday, revealing that he had proposed to Hillary Clinton three times. We take a look at whether Bill Clinton is an asset or liability for Hillary when it comes to the economy, and also chat with some workers behind the scenes at the Democratic National Convention to find out the economic issues that are on their minds.

The world's glass ceilings

Jul 27, 2016

On today's show, we'll talk about Hillary Clinton's glass-shattering presidential nomination, and the mystery of how much oil there's out there in the world.

Cruising for a purpose: have fun AND do good

Jul 27, 2016

Cruises are big business these days. Cruise Market Watch estimates the worldwide cruise market at $39.6 billion for 2015.

But some passengers are looking for more than casinos and fancy shore excursions. Carnival Corporation’s new brand, Fathom Travel, is seeking to tap into a growing market with its social impact cruises to the Dominican Republic and cultural immersion cruises to Cuba.

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Amy Scott

Public pensions are having a rough time of it. Retirement plans for public employees, like teachers and police officers, are facing a $1 trillion funding gap. Meanwhile, large U.S. pensions are expected to report their worst long-term results in 15 years.

The amount of oil in the world is a mystery

Jul 27, 2016
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Scott Tong

Later this week Shell and Exxon report earnings, and a big question is: Where will wobbly oil prices go next? It’s a matter of global demand and supply – as well as an important factor of how much oil is being stored around the world.

For more than a year, the world has been working off an oil glut. Now, some of that surplus has gone into storage caverns and containers around the world. That has helped keep crude prices soft. Exactly how much is in storage is a bit of a mystery.

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Marketplace

On today's show, we'll talk about long-term returns for U.S. pensions, which are predicted to report their worst results in 15 years; Britain's economic growth; and holiday cruises that are looking to do some good. 

Trevor Burbank is single, 27 years old, and has been house hunting in Nashville for the last year.

"My rent's going up in August, so I have to figure out what I'm doing," he says.

The last time Burbank looked for a place was five years ago. He decided to use his down payment to start a business instead.

"There was a house that I really liked that was going for $60,000, and I saw the house being sold in the past few months for just shy of $300,000," Burbank says.

Bill Pugliano / Getty Images

Long gone are the days of compact pickup trucks where the fanciest gadget you may have inside the cab is a radio. Today, pickup trucks are the top 3 selling vehicles in the North American market. But even as their sales numbers have risen, they’re used less and less for work and more as a luxury family vehicle.

New trucks are able to seat up to six adults, have a multitude of gadgets, and can easily cost up to $50,000.

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