Economy & Business

Business news

Most of us — and by "us," I mean urban and suburban consumers like me — don't usually get to meet the people who pick our apples, oranges or strawberries.

So about a year ago, I decided to launch a series of stories about the people who harvest some of America's iconic seasonal foods. Many of these workers move from place to place, following the seasons.

Airlines are doing well – so why aren't analysts happy?

Jul 15, 2016
Ashley Milne-Tyte

Airlines have been doing really well recently – profits are up, they’re distributing dividends to investors, and upping pay. So why aren’t analysts happy? Well there’s this little thing with a clunky name – unit revenue – and that indicator of airline health hasn’t been so good.

Carriers don’t get all their revenue from fares – they get plenty from things like baggage and cancellation fees. So to know how well they’re doing from passengers you need to look at something called passenger revenue per available seat mile…another name for unit revenue.

Far from convention lights, life in Cleveland, Mississippi

Jul 15, 2016
Kai Ryssdal and Tommy Andres

As part of our collaborative series with PBS NewsHour and Frontline called "How the Deck is Stacked," we're examining how race, poverty and economic mobility intersect in America.

The Republican National Convention kicks off in Cleveland, Ohio, on Monday. 

Tony Wagner

When Britain shocked the world by voting to leave the EU a few weeks ago, we weren't the only ones thinking about how affordable British vacation might be. Searches for flights to the U.K. spiked across Europe the day after the vote, and flights from the U.S.

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Even though House Speaker Paul Ryan has endorsed Donald Trump, he has continued to have plenty of criticism for his party's presumptive nominee.

In an interview with NPR's Steve Inskeep on Thursday afternoon in his office in the Capitol, Ryan was optimistic that Trump would come around on free trade agreements and the controversial tone he's used on the campaign trail.

Mark Garrison

The U.K.’s vote to leave the European Union is raising questions about how America’s business ties with Britain may change.

We wanted to talk about the issue with Antonia Romeo, the U.K.'s new Consul General in New York and the Director General of Economic and Commercial Affairs USA. A big part of her new job is keeping ties with the American business community strong, which has created new challenges following the Brexit vote. 

On starting her job under different circumstances than she might have expected:

On today's show, we'll assess where the economy seems to be heading; Congress' decision to pass a bill that would require GMO labeling on food packaging; and caution from corporations about making financial commitments to this year's political conventions. 

Bank earnings show higher lending at lower rates

Jul 15, 2016
Amy Scott

Banks are the name of the game Friday, as Wall Street digests quarterly earnings news from Wells Fargo, Citigroup and others. Citi beat analyst expectations, though profit fell by 17 percent from a year ago to $4 billion. Wells Fargo's net income fell to $5.6 billion, down from $5.7 billion in the second quarter of 2015.

The announcements follow Thursday’s better-than-expected report from JPMorgan Chase. After a rocky first quarter for many banks, JPMorgan made $6.2 billion in the second quarter, fueled by strong trading profits and growth in lending.

Bill to require GMO labeling passes Congress

Jul 15, 2016
Lane Wallace

A bill that would require some sort of GMO labeling on food packaging is headed to President Barack Obama’s desk after years of wrangling, and many say it’s a fair compromise.

But passing the bill doesn’t end the debate over how to signal when foods have genetically modified ingredients.

The federal bill would override a labeling law that just went into effect in Vermont.  

Visual effects in 'Ghostbusters': 1984 and today

Jul 15, 2016
Adrienne Hill

It’s been more than 30 years since we saw Bill Murray get slimed in the original "Ghostbusters."

 The new "Ghostbusters" movie opens around the country today—with a new story, new actors and new visual effects.

The reboot got us wondering about how visual effects have changed in the three-plus decades since the original was released.

Cleveland increases its protest insurance

Jul 15, 2016
Mitchell Hartman

Republican politicians and delegates, media and political paraphernalia vendors, and Donald Trump supporters and protesters are all headed to Cleveland, Ohio for the GOP convention that kicks off on Monday.

For the city of Cleveland and its police department, the convention is a logistical challenge and also a financial risk-management challenge. The city recently approved increasing its liability coverage, purchasing $50 million worth of “protest insurance” for $9.5 million. The city initially had lined up $10 million worth of protest coverage for $1.5 million.

Marketplace Tech for Friday, July 15, 2016

Jul 15, 2016

On today's show, we'll talk about visual effects in the "Ghostbusters" franchise; play this week's Silicon Tally with Backchannel's editorial director, Jessi Hempel; and the use of emojis in Venmo payments.


On today's show, we'll talk about Cleveland's decision to boost its insurance policy as the GOP convention approaches; China's shift away from an economy based on heavy investment; and America's business ties with the U.K.

Marketplace staff

From our partners at the BBC:

At least 84 people have died, including children, after a lorry slammed through a crowd celebrating Bastille Day in the southern French city of Nice.

The driver ploughed on for 2km (1.2 miles) on the Promenade des Anglais at about 23:00 local time, before being shot dead by police.

Witnesses say the speeding lorry swerved and zigzagged in an apparent attempt to hit more people.