Economy & Business

The Two-Way
11:09 am
Thu August 1, 2013

Weekly Jobless Claims Drop; Mortgage Rates Edge Up

New claims for unemployment benefits fell to 326,000 in the week that ended July 27 — the lowest level for initial jobless claims in more than five years, according to the Labor Department.

Employment data for the month of July is due to be released Friday. But for now, the weekly jobless claims numbers are being hailed as another sign that the U.S. economy is gaining strength.

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The Two-Way
10:00 am
Thu August 1, 2013

S&P 500 Index Passes 1,700 Mark For First Time

A chart shows the growth in the Standard & Poor's 500 index of large-capitalization U.S. stocks. The index passed the 1,700 mark for the first time Thursday.
S&P 500

Originally published on Thu August 1, 2013 12:06 pm

The Standard & Poor's 500 index, the benchmark of America's largest corporations, surpassed 1,700 points for the first time in early trading Thursday. The rise is being tied to a drop in weekly jobless claims, as well as assurances from central banks in the U.S. and Europe that they would continue to bolster their economies.

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Economy
9:23 am
Thu August 1, 2013

Jobless Aid Falls To New Low

Originally published on Fri August 2, 2013 5:01 pm

Transcript

DAVID GREENE, HOST:

NPR's business news starts with unemployment numbers.

No, this is not the big monthly jobs report. We'll get that tomorrow. But this morning one number from the Labor Department - the department announced that applications for jobless benefits fell to 326,000 last week. That is the lowest level since January of 2008. Transcript provided by NPR, Copyright NPR.

Business
5:16 am
Thu August 1, 2013

Sony Plugs Back In To Profits

Originally published on Thu August 1, 2013 9:23 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with Sony plugged into profits.

Sony reports that it's making money again. The Japanese company announced its second quarter earnings today. Most of its success though comes thanks to a favorable currency rate - a weak yen was key for Sony. Still, the company did see a little improvement in its smartphone sales and entertainment business. Net income for Sony's latest quarter was $35 million. Transcript provided by NPR, Copyright NPR.

NPR Story
3:49 am
Thu August 1, 2013

Who Will Be The Next Fed Chairman?

Originally published on Thu August 1, 2013 9:23 am

Transcript

RENEE MONTAGNE, HOST:

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Business
2:03 am
Thu August 1, 2013

Firm Hopes 'Owning Nashville' Will Pay Off For Investors

A new fund trading on the New York Stock Exchange will allow investors to put money in companies that all call Nashville home. The manager's of the fund hope to expand the project to other cities.
Walter G. Arce CSM /Landov

Originally published on Thu August 1, 2013 9:23 am

There's a hot stock tip floating around Nashville, and it's a first-of-its-kind investment fund that begins trading on the New York Stock Exchange Thursday.

The fund is a collection of stocks in publicly traded companies that have one thing in common: the city they call home.

When people buy into the Nashville Area Exchange Traded Fund — which starts trading at $25 a share — they will essentially be placing a bet based on an area code.

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Business
2:02 am
Thu August 1, 2013

As Back-To-School Shopping Begins, Consumers May Turn Frugal

Chris Viehland helps her daughter Jenna try on shoes for the new school year at a Famous Footwear store in Fenton, Mo., Aug. 9, 2012.
Christian Gooden MCT/Landov

Originally published on Fri August 2, 2013 5:01 pm

As August begins, retailers are stepping up sales promotions to attract back-to-school shoppers. And several states are offering tax-free shopping to encourage purchases.

But most economists say this year's sales will be slower than last summer's because consumers have been coping with more expensive gasoline and higher payroll taxes.

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It's All Politics
6:43 pm
Wed July 31, 2013

Obama's Fed Pick Quandary: What Does It Mean For His Legacy?

Janet Yellen, vice chairwoman of the Federal Reserve, is under consideration to become the first woman to lead the Fed. President Obama reportedly is likely to choose between Yellen and former Treasury Secretary Lawrence Summers.
Franck Robichon EPA/Landov

Originally published on Thu August 1, 2013 8:56 am

Of all the legacies presidents leave behind, few are as important — yet as poorly understood in the moment — as their picks for chairman of the Federal Reserve.

Paul Volcker, credited with taming double-digit inflation through backbreaking high interest rates that contributed to the recession of the early 1980s, was among President Jimmy Carter's most consequential appointments.

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The Two-Way
6:30 pm
Wed July 31, 2013

House Votes To Cut Student Loan Rate, Sends Bill To Obama

Originally published on Wed July 31, 2013 7:08 pm

The Republican-controlled House on Wednesday overwhelmingly approved a bipartisan bill to cut the cost of borrowing for federal student loans, sending the measure to President Obama for his signature.

The bill, which had easily passed the Democratic-controlled Senate last week, would retroactively cut higher rates — which on July 1 had jumped to at least 6.8 percent.

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All Tech Considered
4:11 pm
Wed July 31, 2013

Tampon Marketing Gets Real For The Social Media Age

"We just thought we were telling this endearing story women could relate to," says HelloFlo founder Naama Bloom.
Courtesy of HelloFlo

Originally published on Fri August 2, 2013 10:08 am

Advertising for feminine hygiene products was traditionally so cheesy that it invited mockery far and wide. There was something so laughable and incongruent about maxi pad commercials that featured blue liquid and girls dancing on beaches.

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