Economy & Business

Business news

Border adjustment tax plan gets mixed reception

19 hours ago

Republican plans to change the corporate tax structure include a border adjustment tax. It will impact how imports and exports are taxed. The proposal is causing a lot of uncertainty in the oil and gas industry, and while some energy companies support the move, others oppose it.  

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Baby boomers retrain in sought-after skills

20 hours ago
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Amy Scott

When Joe Snyder was 23 years old with just a high school diploma, he got a job at auto parts supplier Dana Corp. in Reading, Pennsylvania, as a press operator.

“I worked there for 17 years, and they closed the plant and moved some things to Mexico, Venezuela,” he said.

02/27/17: The next generation of mobile tech

21 hours ago
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Marketplace

5G tech, the next generation of cell service that will bring us even faster internet, is approaching. Michael Nunez, tech editor at Gizmodo, breaks down how telephone technology has evolved over the course of history. Afterwards, Cloudflare CEO Matthew Prince joins us to discuss a bug found in the company's code. 

02/27/17: And best picture goes to 'Moonlight'

21 hours ago
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Marketplace

During last night's Oscars telecast, the award for best picture mistakenly went to "La La Land" instead of "Moonlight." We'll take a look at the accounting firm behind the vote tallies. Next, we'll discuss a fund that will compensate overseas victims of terror attacks, and then explore how some baby boomers are starting to retrain so they can gain in-demand skills.

The Indonesian island of Java has long been synonymous with coffee. But it's only in the past decade or so that Indonesians have begun to wake up and smell the coffee — their own, that is.

Big changes are brewing in the country's coffee industry, as demand from a rising middle class fuels entrepreneurship and connoisseurship.

The trend is clear at places like the Anomali Coffee shop in South Jakarta. It roasts its coffee just inside the entrance on the ground floor.

On Monday, the Senate will vote on Wilbur Ross' nomination as the U.S. commerce secretary. As required by the Ethics in Government Act, the billionaire businessman has reached an agreement with the Office of Government Ethics to sell off most of his holdings.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

SCOTT SIMON, HOST:

For more than a decade, Kuwait's ambassador to the U.S., Salem al-Sabah, has held a gala event every Feb. 25 to celebrate his country's national day. The annual holiday commemorates the tiny Gulf state's independence from British rule in 1961. Traditionally, the event has been held at the Four Seasons Hotel, in the heart of Washington, D.C.

But Sabah says he feels his guests have wanted a change. Last year, he held the celebration at the Newseum. For this year, he and his wife, Rima, looked into the newly opened Trump International Hotel as another possibility.

Episode 756: The Bees Go To California

Feb 24, 2017

Every spring convoys of trucks arrive in the almond orchards of central California. They are carrying bees. Millions of them.

They arrive from all over the country, but especially southern states like Louisiana, and they have to get there at just the right time, when the almond trees start to flower so the bees can pollinate hundreds of acres of almond fields.

The newly appointed Republican chairman of the Federal Communications Commission is moving to scale back the implementation of sweeping privacy rules for Internet providers passed last year.

Chairman Ajit Pai on Friday asked the FCC to hit pause on the rollout of one part of those rules that was scheduled to go into effect next week. This marks the latest in his efforts to roll back his predecessor's regulatory moves.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

ARI SHAPIRO, HOST:

Speaking to conservative activists today, President Trump said that thanks to his election jobs are starting to pour back into the U.S.

(SOUNDBITE OF ARCHIVED RECORDING)

As You Wish Co. / Facebook

The entrepreneurial world can be hard to break into, especially when you’re a 20-something, still finishing up college. But that’s exactly what Jenna Terek set out to do when she founded As You Wish Co. The online retail store sells bracelets and necklaces, with a charitable business model.

Weekly Wrap: What's the plan?

Feb 24, 2017

Nela Richardson of Redfin and Catherine Rampell from the Washington Post join Marketplace's Kai Ryssdal to discuss the week's business and economic news. This week, they talk about President Donald Trump's infrastructure stimulus package, which will be delayed until 2018, and why he could use an economist in his cabinet.

Follow Kai Ryssdal at @kairyssdal

Should you be worried about a data bug named Cloudbleed?

Feb 24, 2017
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Bruce Johnson and Marketplace staff

One frame from a video, a few words from a private message — these are the types of fragments that were leaked because of a glitch in the code of Cloudflare, the widespread internet security and website delivery service.

Yayoi Kusama exhibit is an economic puzzle for museum

Feb 24, 2017
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Mark Garrison

What may be the most anticipated art exhibition of the year opened Thursday at the Smithsonian’s Hirshhorn Museum and Sculpture Garden in Washington, D.C. Record crowds are expected to see the work of Yayoi Kusama, that rare kind of living artist who draws in collectors, critics and casual fans by the millions. Even a single piece of her work has been enough to inspire fans to line up around the block. And now the Smithsonian has an entire exhibition.

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