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Economy

NPR
Planet Money

The case for revolutionizing child care in America

May 17, 2022
A new book argues that greater public support for parents is critical for the brain development of America's kids.
NPR
Business

In Silicon Valley, startups are laying off staff as investors pull back from big tech

May 16, 2022
In the startup world, investors are pulling back, companies are laying off employees and IPOs are being delayed. Is a tech bubble about to burst, or has the unraveling already started?
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NPR
Business
McDonald's arrived in Moscow when Russia was still part of the Soviet Union. Tens of thousands of customers stood in line when its first restaurant opened on Jan. 31, 1990, at Moscow's Pushkin Square.

McDonald's is leaving Russia, after more than 30 years

May 16, 2022
In 1990, the Big Mac's arrival in Moscow signaled a new era. Now McDonald's is tearing down the golden arches and writing off its investment in Russia.
NPR
Economy

Could inflation be a good thing for governments in debt?

May 13, 2022
For all the pain it causes, inflation makes old debts easier to pay off. A silver-lining for countries burdened by pandemic debt? Maybe. But if history is any guide, that shine may be short-lived.
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NPR
Technology
Elon Musk says he wants to see more details about the number of fake accounts on Twitter before his deal to buy the social media platform goes through. He's seen here last week, arriving for the 2022 Met Gala at the Metropolitan Museum of Art in New York

Elon Musk says he's put the blockbuster Twitter deal on pause over fake accounts

May 13, 2022
The Tesla and SpaceX mogul said he needs to make sure the fake accounts "do indeed represent less than 5%" of Twitter's users, as the company has estimated.
NPR
Economy

Angelyn and Richard Burk are spending their golden years on cruise ships

May 13, 2022
Angelyn worked as an accountant and figured out it'd be cheaper to be on cruise ships rather than have a mortgage. They've been at sea for a year and say the new lifestyle costs less than $100 a day.
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NPR
Economy
Federal Reserve Chair Jerome Powell speaks during a news conference in Washington, D.C., on May 4. Powell was confirmed by the Senate to a second term leading the central bank. Fighting inflation will define his legacy.

Fed Chair Jerome Powell is confirmed for a 2nd term. Inflation will be his focus

May 12, 2022
Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.
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NPR
Your Money
Kevin Dole works from home next to his wife's bureau and near his drum set in the couple's small two-bedroom condo in Nashville, Tennessee.

Home prices could fall in some U.S. cities. Here's where and why

May 12, 2022
During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.
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NPR
Economy

Rising home prices are leading to fears of a new housing bubble

May 11, 2022
Home prices are up 30% in the past year in some cities. Many people wonder if we're in another housing bubble. Some economists think prices could fall in places where homes are especially overvalued.
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NPR
Economy
The soaring costs of basic necessities such as food and housing are disproportionately hitting people with lower incomes. Here, a house is available for rent in Los Angeles on March 15.

Inflation may be easing — but low-income people are still paying the steepest prices

May 11, 2022
The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.
NPR
Business
Joseph Charles, owner of Rock City Pizza in Boston, managed to survive the pandemic, only to find his place doing even worse now because of inflation.

Restaurants that survived the pandemic are now threatened by inflation

May 11, 2022
Higher costs for food, labor, rent, gasoline and cooking gas make it harder for casual dining places to buy, cook and deliver meals. And they're limited in how much they can pass on to customers.
NPR
Economy
The Senate confirmed economist Cook to serve on the Federal Reserve's board of governors, making her the first Black woman to do so in the institution's 108-year history.

Senate approves Lisa Cook as first Black woman on Federal Reserve board of governors

May 10, 2022
Cook is only the second of Biden's five nominees for the Fed to win Senate confirmation. His Fed choices have faced an unusual level of partisan opposition.
NPR
Politics
President Biden laid out his plan to tamp down on inflation and rising costs in a speech at the White House Tuesday.

Biden names combatting inflation and rising costs as his top domestic priority

May 10, 2022
In an address from the White House Tuesday, President Biden contrasted his administration's plans to tackle rising costs with what he called Republicans' "ultra-MAGA" plan.
NPR
Business
A gas pump is seen in a station on Feb. 1 in Houston. Gasoline prices hit a new national record, not adjusted for inflation, surpassing the previous peak set around two months ago.

Gasoline prices hit a record high, again

May 10, 2022
Gas prices surged to a national record, not adjusted for inflation, surpassing the previous milestone hit around two months ago. It comes just ahead of the key summer driving season.
NPR
Planet Money

The Work-From-Home climate challenge

May 10, 2022
Companies might have thought a silver lining from the pandemic was that remote work was slashing emissions. They're thinking again.
NPR
Business
Traders work on the floor of the New York Stock Exchange in New York City on Friday. Stocks slumped again on Monday as fears about inflation are proving hard to tamp down.

A brutal sell-off on Wall Street continues as stocks sink for a 3rd day in a row

May 09, 2022
Stocks continue to slump on fears about inflation – and whether the Federal Reserve can bring down prices without sparking a recession.
NPR
Education

Some rural schools are dipping into savings to keep up with inflation

May 09, 2022
The rising cost of fuel, energy and food are straining rural school districts' already tight budgets. Many districts fear what continued inflation could mean for programming, upkeep and even staffing.
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NPR
Economy

This week in economics

May 07, 2022
The Federal Reserve raised interest rates this week, in an effort to tamp down inflation. The Fed is worried in part about the tight job market, which saw another strong month of job growth in April.
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NPR
Politics
A woman presses a button to fill up a gas tank at a gas station in East Dundee, Ill. on March 19.

Florida approves 10 tax-free holidays for essentials like gas and diapers

May 06, 2022
This move comes as Americans are facing inflation and high gas prices.
NPR
Economy
Pedestrians walk past a Now Hiring sign in Arlington, Va., on March 16.

The U.S. jobs market continues its strong comeback from the pandemic

May 06, 2022
U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.
NPR
Economy

An unusually tight job market has a potential downside for the broader economy

May 06, 2022
The Labor Department reports on monthly job gains for April Friday morning. The month began with a record number of job openings, which is good for prospective employees.
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NPR
Education

Beware, new student loan borrowers: Interest rates are about to jump

May 06, 2022
Student loan interest rates reset every May. This year, they're on the rise.
NPR
Business
Traders work the floor of the New York Stock Exchange in New York City on Thursday. Stocks fell sharply a day after the Federal Reserve raised interest rates by the most in over two decades.

Stocks dive as fears about the economy intensify

May 05, 2022
The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
NPR
Economy
A trader working on the floor of the New York Stock Exchange (NYSE) in New York City on May 2. Stocks surged on Wednesday after the Fed's policy meeting.

The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

May 04, 2022
Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
NPR
Economy
Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2.

The Fed raises interest rates by the most in over 20 years to fight inflation

May 04, 2022
The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
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