Economy & Business

Business news

Starbucks loosens up its dress code

Jul 25, 2016
Kai Ryssdal

Changes are coming to your local Starbucks.

The company's out with a new dress code. There's an official lookbook and everything, in which we learn hair coloring is now OK, fedoras are fine but not bucket hats with patterns, slouchy ski caps yes — but not if they have a pompom.

Shorts work, but not leather pants.

Socks with a pop of color are fine, but not if they distract from your outfit.

What would replace the WTO if Trump got rid of it?

Jul 25, 2016
Nancy Marshall-Genzer

Donald Trump is making more news on the trade front. On "Meet the Press," he threatened to pull the U.S. out of the World Trade Organization. 

There’s a problem with that. The WTO is the place the U.S. goes to block unfair trade practices, like the ones Trump complains about. 

On "Meet the Press," Trump called the WTO a "disaster.” But it turns out, the U.S. has had pretty good luck using the WTO to block China. 

Tony Wagner

It's been seven years since the federal minimum wage went up to $7.25, but in that time minimum wage earners have lost 10 percent of buying power to inflation, the Economic Policy Institute noted today.

After Brexit vote, luring London businesses to Berlin

Jul 25, 2016
Lizzie O'Leary

Not long after the Brexit vote, a truck with a billboard on its side started driving around London, with the message: Dear Startups, Keep Calm and Move to Berlin. It was sponsored by a German political party trying to get companies based in the U.K. to shift their operations to Germany. The big question now is, will they?

Germany, and to some extent France, are trying to pull off what you might call "economic land grabs" — wooing companies, and people, who would otherwise have been based in Britain.

Marketplace for Monday, July 25, 2016

Jul 25, 2016
Lizzie O'Leary

A farewell to Yahoo as we knew it; the latest installment of "I've Always Wondered..." looking into how authors make money off library books; and Marketplace's Lizzie O'Leary reports from Germany on the push to bring businesses based in the UK to Germany. 

RIP Yahoo, 1994 to 2016

Jul 25, 2016
Mark Garrison

Yahoo is dead. News of Verizon’s purchase of the once-high-flying internet company began to trickle out over the weekend. The $4.8 billion deal for Yahoo’s operating business was announced Monday. The name and some aspects may survive after all is said and done, but Yahoo time as an independent company has run out.

Why some towns are un-paving their roads

Jul 25, 2016

Some towns in the U.S. don't have the cash to fix their pot-hole laden paved roads. So instead, they're ripping them up and replacing them with gravel. Aarian Marshall is a staff writer at Wired and wrote about the benefits and downsides. Marketplace's Kai Ryssdal talked to her about the practice.

Click the audio player above to hear the full story.

How do authors make money from library books?

Jul 25, 2016
Andy Uhler

You’ve probably got some music on your phone, or you might stream it through apps like Spotify or Pandora. Every time you click on one of those songs, the artists gets a little bit of money. And yet, it's called your music “library.” But when you check out a book from the library, it's free. Well, it's sort of free.

Marco Marin was looking through the online catalog at a kiosk in the lobby of the Los Angeles County Central Public Library. He said he goes there to check out books at least once a week. He likes apocalyptic tales.

Donna Tam

A well-paid CEO does not necessarily equal a high-performing company, according to a study released Monday. In fact, it seems more likely you're getting a lot less bang for your buck.

Research firm MSCI tracked roughly a decade of performance and pay for some of the highest-paid CEOs in the U.S., and found that higher-paid CEOs underperform when comparing their companies to those of their lesser-paid counterparts.

Continuing its push into Web content and advertising, Verizon is buying Yahoo Inc. for about $4.83 billion in cash, the two companies confirmed Monday morning, ending a purchase process that began months ago.

The deal comes more than a year after Verizon paid $4.4 billion to acquire AOL, in a deal that was viewed as hinging on AOL's ad software and mobile video content.

The death of email may be exaggerated

Jul 25, 2016
Gigi Douban

The latest big email hack, involving 20,000 emails from the Democratic National Committee, has Democrats in damage-control mode as their convention starts. There have been many, many others. And they all reinforce the notion that email just isn’t secure.

People have been saying for years that email is going to die, that one day people are just going to stop using it. That’s what people told Eva Galperin, global policy analyst at the Electronic Frontier Foundation.

What Verizon Will Get When It Buys Yahoo

Jul 25, 2016
Copyright 2016 NPR. To see more, visit NPR.

The financial role of a party's political chair

Jul 25, 2016

On today's show, we'll talk about the resignation of Debbie Wasserman Schultz, the chairwoman of the Democratic National Committee, and the broader question of how a political chair can affect fundraising efforts; China's decision to shut down several online news operations; and a North Texas town run entirely by students. 

Economy is fodder for politics

Jul 25, 2016
Mitchell Hartman

The state of the economy will affect voters’ decision making in November and also provide talking points for both parties’ presidential candidates on the stump.

Economist Michael Strain at the American Enterprise Institute said that a midsummer snapshot shows a pretty healthy U.S. economy.

“For July 2016, I think you’d have a very good grade,” said Strain. “The last jobs report was extremely good. The unemployment rate is quite low. Stock prices are looking good.”

And consumers appear confident, as their spending has been very strong in recent months.

Verizon to purchase Yahoo for $4.8 billion

Jul 25, 2016
Lane Wallace

Verizon Communications has confirmed it will purchase the main core of Yahoo’s internet business for $4.8 billion, a paltry sum compared to Yahoo’s value in its heyday.