Economy & Business

Business news

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Reema Khrais

The U.S. Department of Education is one of the many agencies President Trump is looking to shrink. His administration is calling for a $9 billion — or 13 percent — cut to the Education Department’s $68 billion budget for the next fiscal year.

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Jana Kasperkevic

It’s been a busy day for United Airlines.

The airline has been doing some serious lifting in an effort to repair its reputation after a passenger was dragged off one of its flights. Dr. David Dao’s removal, which was captured on a widely shared video, sparked outrage and led the airline to reevaluate and overhaul its procedures for overbooked flights.

Early this afternoon, United also announced that it has reached a settlement with Dao.

A few weeks ago, my husband brought home a bottle of chilled beverage that wasn't on the grocery list I had sent him out with. It was a bottle of pre-packaged sugarcane juice – a novelty in a market flooded with bottled soda and mango drinks. But one sip of the drink and I was transported back to my childhood summers.

How much do manufacturing jobs really matter?

Apr 27, 2017
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Mitchell Hartman

In the Marketplace-Edison Research Poll, 80 percent of respondents said they consider manufacturing jobs to be “very important” (43.5 percent) or “somewhat important” (36.1 percent) to the local economy where they live. Support for manufacturing jobs was relatively strong across all demographic groups and income brackets, receiving the strongest support from those making less than $25,000 a year, and those with only a high school education or some college but not a bachelor’s degree.

Before the Affordable Care Act, if you were living with a pre-existing condition, it usually meant you'd pay through the nose for coverage, your condition might not get covered or you'd have no insurance at all. Now, under the ACA, these same people can't get charged more for their condition. But that may be about to change. In the House Republicans' most recent effort to repeal the health law, a new amendment would allow states to charge the sick higher rates — if those people dropped their coverage.

Click the audio player above to hear the full story.

NAFTA negotiators could look to TPP for guidance

Apr 27, 2017

After a flurry of news reports that President Trump was considering pulling out of NAFTA, the North American Free Trade Agreement, he now says he wants to renegotiate the deal. Even fans of NAFTA will admit it's not perfect, and improving it could involve taking cues from another trade deal Trump bailed out of — the TPP, or Trans-Pacific Partnership.

Click the audio player above to hear the full story.

United Airlines is increasing the amount it will pay passengers who get bumped from overbooked flights to as much as $10,000. That announcement comes after its CEO, Oscar Munoz, called a now-infamous video showing police violently dragging a seated passenger off a full flight earlier this month "horrifying."

"When we read that story, our reaction was, 'Dang, I wish we'd been on that flight,' " says Fay Fishman, a veteran traveler with a love of getting bumped off overbooked flights.

04/27/2017: Everything is a renegotiation

Apr 27, 2017
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Reema Khrais

After a flurry of reports that President Trump was weighing an order to pull out of NAFTA, he now says he'd rather renegotiation. But improving the trade deal could mean exhuming Obama's Trans-Pacific Partnership. Then: Republicans haven't given up on repealing and replacing Obamacare. The latest twist is an amendment that would let states decide whether insurers can charge people with pre-existing conditions. We'll try to game that out.

Updated on 4/28 at 1:15 p.m. ET

United Airlines and lawyers for the passenger seen on video being dragged from a United airliner in Chicago say the man has reached "an amicable settlement" with the airline. The terms of the agreement were not announced.

United Airlines is issuing a series of changes, including offers of up to $10,000 for passengers who shift flights, in response to the dragging incident earlier this month. CEO Oscar Munoz joined us to talk about the company's new policies and the "awful choice of words" in his initial apology. Afterwards, we'll look at a movement in Mexico to stop imports of U.S. corn, and then talk about the practice of brand relabeling.

Before unicorn frappuccinos, there was unicorn toast

Apr 27, 2017
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Adrienne Hill and Sean McHenry

Unicorn frappuccinos: the limited-time-offer Starbucks drink that temporarily consumed the internet. But did you know the original inspiration, unicorn toast, came from the mind of health food blogger Adeline Waugh, and that it was, you know, healthy?

The novel 'Startup' casts a critical eye on the tech world

Apr 27, 2017
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Lizzie O'Leary and Hayley Hershman

Doree Shafrir's debut novel "Startup" centers on three main characters: Mack, Katya and Sabrina. Mack McAllister is a 28-year-old entrepreneur who runs the meditation app company TakeOff. He's trying to raise more money to keep the company afloat. Katya Pasternack is a young journalist working for a tech blog and in search of a big scoop. Then there is Sabrina Choe Blum. She's the wife of Katya's boss and is back in the job market after taking time off to raise her children. She is working for none other than Takeoff.

A Mexican movement pushes back against U.S. corn

Apr 27, 2017
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Annie Baxter

President Trump has put Mexico and Canada on notice that he wants to change up U.S. participation in the North American Free Trade Agreement, or NAFTA. Trump has directed criticism at Mexico, citing its trade surplus with the U.S. Those criticisms, along with Trump's harsh rhetoric towards Mexican immigrants, have prompted one group to strike back against Trump with a trade-based weapon: corn.

President Trump has said over and over that creating jobs is at the top of his agenda. It may seem unfair to judge his progress on this goal in his first 100 days, but Trump has opened the door to scrutiny by making his own assertions on job creation.

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Aaron Schrank

This week, G-III, the company that manufactures and distributes Ivanka Trump’s fashion line, acknowledged it’s been switching the tags and selling the first daughter’s apparel at discount retailer Stein Mart as Adrienne Vittadini Studio.

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