Economy & Business

Business news


On today's show, we'll talk about the tough time that shipping businesses are currently experiencing. Plus, we'll also look at the newly unveiled health care plan from Republicans. 

The president of a regional bank in China has been suspended after a video was circulated in which an official at a special training session went down a row of eight employees to deliver a hard spanking as punishment for poor performance. A second executive has also reportedly been suspended.

Celebrities and sports stars weigh in on Brexit

Jun 21, 2016
Kai Ryssdal

More input on possibly the most seismic decision in the global economy in a generation, perhaps.

Elizabeth Hurley, actress and model:

Hillary Clinton delivered a stinging indictment Tuesday of both Donald Trump's business record and his economic policy prescriptions, an early effort to undermine what the business mogul has billed as one of his chief qualifications for the White House.

"We can't let him bankrupt America like we are one of his failed casinos," Clinton told supporters at an alternative high school in Columbus, Ohio. "We can't let him roll the dice with our children's futures."

Boeing says it has signed an agreement with Iran Air for the purchase of commercial passenger airplanes, making it the first major U.S. company to do business in Iran since sanctions were lifted earlier this year.

Boeing stopped selling planes to Iran following the Islamic Revolution in 1979.

Men are still trickling out of the labor force

Jun 21, 2016
Lane Wallace

Working-age men continue to trickle out of the workforce and not come back, an issue reinforce in a White House report out this week that also proposes policy solutions.

The people labor economists refer to as prime working-age men, age 25-54, aren’t participating in the labor force the way they used to. Somewhere between 11 and 12 percent of them are not looking for jobs, and not even counted in unemployment rates.

Marketplace for Tuesday, June 21, 2016

Jun 21, 2016
Kai Ryssdal

New data shows a decline in labor force participation by men in America; how the London business community is preparing for the possible British exit from the European Union; and the latest installment of Corner Office with EA CEO Andrew Wilson 

Kai Ryssdal

For a lot of people, summertime means being outdoors, playing sports, joining leagues and playing competitively. But for a lot of women, the options are scarce. Softball, especially fast-pitch softball, is considered mostly a women's game in the 21st century – but that wasn’t always the case.

Softball became hugely popular in the 1940s and 1950s, when professional company-sponsored women's teams toured the country and played competitively.

The Federal Aviation Administration issued the first operational rules to govern the commercial use of drones on Tuesday.

Transportation Secretary Anthony Foxx said this was a "huge step for innovation."

The 600-plus pages of new regulations require drone operators to pass a written exam every two years, keep the unmanned aircraft within sight and avoid flying it over people and at night. The rules also require drones to stay at least 5 miles from airports.

Evidence is mounting that doctors who receive as little as one meal from a drug company tend to prescribe more expensive, brand-name medications for common ailments than those who don't.

Electronic Arts or EA is the company behind video games such as FIFA, Madden, and Battlefield. Its CEO, Andrew Wilson, talks to Marketplace host, Kai Ryssdal, about e-sports, the multi-screen nature of gaming, and using fans to test games before they're released.



Click the audio player above or subscribe to the Corner Office podcast to listen to the full interview.

This summer, diners in New York, San Francisco and Los Angeles will get their hands on a hamburger that has been five years in the making.

The burger looks, tastes and smells like beef — except it's made entirely from plants. It sizzles on the grill and even browns and oozes fat when it cooks. It's the brainchild of former Stanford biochemist Patrick Brown and his research team at Northern California-based Impossible Foods.

The startup's goal is like many in Silicon Valley — to create a product that will change the world.

When it comes to a popular work-messaging app, "just between you and me" may not be as private as you think.

Slack has broken through as a user-friendly messaging app geared for teamwork and collaboration; its user base has more than tripled in the past year, to 3 million active users as of May.

I must admit I have dunked a tea bag into hot water and called it tea. I have even made Darjeeling tea, sometimes called the champagne of teas, from a tea bag.

For tea gurus like Anindyo Choudhury, that is sacrilege. "I wouldn't even touch it," he says.

Most tea-bag teas are chopped and cut by machine instead of being rolled and twisted, hand-plucked and hand-processed. The best Darjeeling tea is loose leaf, steeped for a couple of minutes in hot water — it's light and bright.

The U.S. Department of Energy is considering the future of a public asset worth tens of billions of dollars: the Strategic Petroleum Reserve.