Economy & Business

Business news

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

When's the last time you ordered turtle when you went out to eat?

Most of us would probably turn it down in an instant if we saw it on a menu. But terrapin was a completely normal entree for diners at the finest restaurants of a century ago. America's changing tastes — and what they have to say about our culture — are explored in a new nonfiction book, Ten Restaurants That Changed America.

Attempting to court black voters over the last two months, Donald Trump has painted a pretty dire picture of their lives. "You're living in poverty," he said in late August. "Your schools are no good. You have no jobs. Fifty-eight percent of your youth is unemployed. What the hell do you have to lose?"

On Tuesday Trump took this rhetoric one step further, telling a North Carolina audience that "our African-American communities are absolutely in the worst shape they've ever been in before. Ever, ever ever."

The drug company that makes the EpiPen says it isn't nearly as profitable as many people assume it is.

At least that's the message Mylan NV CEO Heather Bresch will try to deliver to members of Congress today.

Bresch, who is scheduled to testify before the House Oversight and Government Reform Committee, is expected to tell lawmakers that the company only earns $100 profit on each two-pack of EpiPen auto-injectors, even though they carry a $600 price tag.

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Kai Ryssdal

We talked last week about Donald Trump's claim that Fed Chair Janet Yellen and her colleagues are keeping interest rates low as a political favor to President Obama.

Yellen was asked a version of "Is that true?" four different times today.

"The Federal Reserve is not politically compromised," she said, going on to add:

Welcome to Marketplace's debate coverage

Sep 21, 2016

Welcome to Marketplace's coverage of the first presidential debate between Hillary Clinton and Donald Trump. Watch this space for live commentary from Marketplace reporters, editors and host Kai Ryssdal.

Do we need to track pressure cooker sales?

Sep 21, 2016
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Sally Herships

Bomb-making materials can be so mundane, it's almost surreal.

“What you’re looking for, basically, is a metal container that can be enclosed and locked down,” said James Lewis, a senior fellow at the Center for Strategic and International Studies.

On today's show, we'll talk about the Federal Reserve's influence on income inequality in the U.S.; the pay gap between white and African-American workers; and Comcast's move into wireless.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Is Wells Fargo digging itself into a PR hole?

Sep 21, 2016
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Lane Wallace

Wells Fargo is neck-deep in a scandal over fraudulent accounts: Over several years, thousands of Wells Fargo employees opened millions of accounts in customers’ names, without their permission. That was a response to a push for branch workers to meet stringent sales goals, signing up each customer for multiple accounts in a move known as cross-selling.

In addition to choosing our next president and some members of Congress this fall, voters in many areas of the country may be able to vote for new trains and buses.

In several cities, counties and regions, the Nov. 8 ballots will include measures asking voters to pay more taxes to fund transit projects. From Atlanta to Seattle, Detroit to Los Angeles, there are close to $200 billion in transit and infrastructure improvements at stake.

What's behind the growing black-white pay gap

Sep 21, 2016
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Nancy Marshall-Genzer

The Economic Policy Institute has released a new study on the growing pay gap between white and African-American workers.

Right now, African-American men make 22 percent less than their white peers. African-American women make 34 percent less.

The study looks at wages from 1979 to 2015. It reaches some surprising conclusions. For example, among African-Americans with a degree:

Comcast to become a wireless carrier in 2017

Sep 21, 2016
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Adam Allington

Comcast sells us cable TV, it sells us internet, it will hook you up with a landline if that’s how you roll. But the one thing Comcast doesn’t sell us is wireless. Peter Csathy of Creatv Media said in a cable-cutting world of smartphones and tablets, that is where the growth is.

“Certainly for the millennials, who, as you look around, they’re all looking down at their phones,” he said. “So Comcast realizes this is where it needs to spend more of its energy.”

How do you define the American dream? Ikea wants to know

Sep 21, 2016
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David Brancaccio

Businesses conduct market research all the time, hoping to measure what people are buying or want to buy. Ikea is looking into something a bit more abstract: the American dream. According to their research, conducted by the Economist Intelligence Unit, Americans care more about quality of life than accumulating possessions, and the American dream is more about experiences than owning things. 

Lars Petersson, president of Ikea U.S., joined us to explain how a company built on selling stuff can grow in spite of this perception. 

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