Economy & Business

Business
4:29 am
Fri December 27, 2013

Holiday Shoppers Spent More This Year Than Last

Originally published on Fri December 27, 2013 7:06 am

Transcript

DON GONYEA, HOST:

NPR's business news starts with signs of an improving economy.

(SOUNDBITE OF MUSIC)

GONYEA: New data out today show that shoppers spent 2.3 percent more this holiday season than last year. This would make for the highest holiday sales growth in three years.

Online retail was especially strong. Transcript provided by NPR, Copyright NPR.

Business
4:29 am
Fri December 27, 2013

Cars Are Next Frontier For Sharing Services

Kevin Petrovic, 19, and his business partner, who's also 19, raised about $6 million from venture capitalists in Silicon Valley to launch FlightCar. The company is trying to make its mark with car-sharing for travelers.
Chris Arnold NPR

Originally published on Fri December 27, 2013 8:57 am

Following the popularity of companies like Airbnb, which rent out a client's house or apartment to people visiting the area, more companies are trying the idea with cars. Companies like Uber help find someone to drive you around like a taxi. Another will let you rent out your car like a Zipcar while you're at work.

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Politics
4:29 am
Fri December 27, 2013

Obama's Position On Free Trade Marks Subtle Evolution

Originally published on Fri December 27, 2013 7:06 am

Two decades after NAFTA created a giant North American free trade zone, the U.S. is negotiating more big trade deals that would span the Atlantic and Pacific oceans. President Obama has embraced the potential agreements as a way to improve the U.S. economy.

Economy
4:29 am
Fri December 27, 2013

Interest Rates Move Higher On Signs Of Improving Economy

Originally published on Fri December 27, 2013 7:06 am

Transcript

DON GONYEA, HOST:

Other signs of strength in the economy are sending interest rates higher. Yesterday, the yield on the 10-year Treasury note briefly rose above the psychologically important level of 3 percent.

NPR's Jim Zarroli has that story.

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Economy
4:29 am
Fri December 27, 2013

Long-Term Unemployment Benefits To Expire On Saturday

Originally published on Fri December 27, 2013 7:06 am

Transcript

DON GONYEA, HOST:

You're listening to MORNING EDITION, from NPR News. I'm Don Gonyea.

The holiday season will come to an abrupt end this weekend for people who have been unemployed for more than six months. Saturday, benefits expire for 1.3 million Americans who've been on the Federal Emergency Unemployment Benefit Program, which picks up where state systems usually end. That has people worried, people like Allison Gwyn(ph), a professional music teacher and actor in New York, who lost her job early in the summer.

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