Economy & Business

Business news

'Brexit': Global Economic Aftershocks

Jun 26, 2016
Copyright 2016 NPR. To see more, visit NPR.

Copyright 2016 NPR. To see more, visit NPR.

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

Imagine being able to text your favorite music artists at their personal phone number. You might be able to tell them how much you loved their latest single. You might be able to tell them about yourself and later receive a happy birthday wish from them.

This is exactly what Grammy-nominated rapper and singer Ryan Leslie is doing with his company, SuperPhone. The app lets him manage conversations with 54,000 of his friends, family, fans and colleagues from his personal phone.

Twelve years ago, I tried to drive a stake into the heart of the personality-testing industry. Personality tests are neither valid nor reliable, I argued, and we should stop using them — especially for making decisions that affect the course of people's lives, like workplace hiring and promotion.

The hidden fallout of Brexit

Jun 24, 2016
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Andy Uhler

Wall Street's head is still spinning from the Brexit, but the fallout is short-term. We spoke with experts who said U.K.'s split from the European Union will have us talking about what this means for businesses and the global economy for the next decade.

Fiona Hill, director of the Center on the United States and Europe at the Brookings Institution

This much is certain: Friday was a lousy day to be a saver.

Thanks to United Kingdom voters who decided Thursday to exit the European Union, stock prices plunged all over the world.

Analysts said the so-called Brexit generated massive "uncertainty" that killed the appetite for stocks. No one knows what happens next as the entire U.K. — including England, Scotland, Wales and Northern Ireland — pulls away from the EU.

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

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

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

Blue Cross and Blue Shield of Minnesota will retreat from the sale of health plans to individuals and families in the state starting next year. The insurer, Minnesota's largest, said extraordinary financial losses drove the decision.

"Based on current medical claim trends, Blue Cross is projecting a total loss of more than $500 million in the individual [health plan] segment over three years," the insurer said in an emailed statement.

People talk about a flash of inspiration. But Xavier Helgesen's eureka moment came in the dark.

A few years ago, the American entrepreneur was traveling through Malawi to meet with clients for his book-selling company, Better World Books. He stopped in Monkey Bay, a town of about 30,000 people, to spend the night. What made this place unforgettable, he says, was that it was "100 percent off-grid."

By a 52-48 percent margin, the popular vote in the United Kingdom last night moved to detach the country from the European Union.

The decision is made and now comes the long and complicated job of decoupling the U.K. from the European Union. On paper, there is a tangled legal process, but it has never been tested and leaves some issues unaddressed.

Currency traders take a wild ride during Brexit

Jun 24, 2016

Foreign currency traders spent the night glued to their screens as the results came in that U.K. decided to leave the European Union. Yra Harris is a Chicago-based veteran trader who shares his experience trading the pound during the Brexit vote.

Click the audio player to listen to his story.

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