Economy & Business

Business news

Updated at 10:35 p.m. ET

One person died after a Southwest Airlines plane experienced serious engine trouble Tuesday and was forced to make an emergency landing in Philadelphia. Seven other people on Flight 1380 were injured. It is the first U.S. airline fatality since 2009.

At least once a week, Reynald Justance visits a small, fairly inconspicuous office building on Orlando’s west side. The building, located across from a shopping plaza, is unmarked, except for a yellow sign by its door that reads in French: Authorized CAM Agent Serving the Community. 

CAM, short for “Caribbean Air Mail,” is a popular wire service with agencies in Haitian beauty salons, bakeries, shopping plazas — and office buildings.  

(Markets Edition) Starting today, the Supreme Court will hear a case on whether out-of-state businesses should pay South Dakota state and local taxes if they ship a product to a state. We'll take a brief look at the advantage online retailers have in not charging sales taxes, and why Amazon might actually be at a disadvantage here. Afterwards, we'll look at a new report showing that we're not building new homes fast enough to meet demand in 22 states.

Study finds housing shortages in 22 states

Apr 17, 2018

The Commerce Department reports March housing starts Tuesday, giving us a snapshot of new home construction. U.S. housing production is finally returning to pre-recession levels, but a new report underscores that we’re still not building new homes fast enough to meet demand in 22 states. And while much of that demand is in the state of California, other states outside of coastal areas are feeling shortages as well. So what might help fix that?

Click the above audio player to hear the full story.

Starbucks is now planning to make its managers undergo unconscious bias training. 

Japanese Prime Minister Shinzō Abe meets with President Donald Trump today at the president’s Mar-a-Lago resort in Florida. Likely to be on tap: trade, tariffs and North Korea. 

Click the above audio player to hear the full story.

(U.S. Edition) President Trump is blocking economic sanctions on Russia proposed by U.N. ambassador Nikki Haley. We'll recap what the sanctions included and the reason Haley wanted to impose them. Afterwards, as Japanese Prime Minister Shinzo Abe gets ready to meet Trump today, we'll discuss what might be on the agenda. Possible topics: The Trans-Pacific Partnership and planned U.S. tariffs on aluminum and steel.

In the latest in a bitter trade dispute between the U.S. and China, Beijing on Tuesday said it would impose anti-dumping duties on imports of U.S. sorghum.

China's Commerce Ministry says it will force U.S. sorghum exporters to pay a temporary 178.6 percent "deposit," which will act as a tariff on the cereal grain that is used in China as feed for cattle and as a sweetener in many products, including baijiu, a popular Chinese liquor.

(Global Edition) From the BBC World Service … After years of debt binges, bail-outs and sluggish growth, the European economic recovery is gaining traction. Now, French President Emmanuel Macron has laid out his vision for the future of Europe in a major speech. Macron called on policymakers to defend democracy in the European Union and work harder to build up the eurozone's defenses against another economic meltdown. But with political deadlock in Italy and populism on the rise, is Macron’s grand plan destined to fail?

More than half of middle schools in the United States allow students to carry their phones, which filmmaker and Stanford-trained physician Delaney Ruston finds concerning.

The gig economy: It's not just for rides or rooms. It's also for taxes.

Apr 17, 2018

It's Tax Day, and if you, like me — and 50 million others — prepared your taxes online this year, you might have seen an option to talk to an accountant if you were having problems. This year, TurboTax includes a feature that lets you video chat with an accountant if you have a question.

"I mean, I get every kind of question,” said Jake Bakke, an accountant based in Denver. “Some of it has to do with where do I enter my W2 ... or the person might have incentive stock options and are trying to calculate the adjusted basis."

04/17/2018: The gig economy for accountants

Apr 17, 2018

It's Tax Day, and if you are one of the 50 million people who prepared their taxes online, you might have seen an option to talk to a real accountant through video chat. That’s because accountants are now part of the gig economy — and many certified public accountants are working gigs with TurboTax. On Marketplace Tech, we look at the need for accountants on demand and discuss how the gig economy is changing for highly educated workers. 

Updated at 5:15 p.m. ET

Going into Tuesday's arguments at the U.S. Supreme Court, it looked as though the court was headed toward reversing a 50-year-old decision that barred states from collecting taxes on out-of-state purchases.

But after the arguments, it looked as though a court majority just might preserve the status quo, and that would be a huge victory for online sellers.

The case presents a multibillion-dollar dispute, and the outcome will directly affect consumers, cash-strapped states and companies large and small.

China, the world's second-largest economy, grew at 6.8 percent in the first three months of 2018, thanks to strong consumer demand, robust exports and investment in the country's real estate market.

It was the third-straight quarter for 6.8 percent growth year-on-year and fueled in part by a widening trade gap with the U.S.

A federal judge in California has ruled that Facebook can be sued in a class-action lawsuit brought by users in Illinois who say the social network improperly used facial recognition technology on their uploaded photographs.

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