Economy & Business

Business news

Starbucks CEO Howard Schultz steps down

Dec 1, 2016
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Kai Ryssdal

It could be a very good holiday for U.S. charities

Dec 1, 2016
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Nancy Marshall-Genzer

Charities could see a bump up in donations this month. That’s because wealth advisers are telling their clients to increase their giving now, before likely changes to the tax code next year. On his website, Donald Trump says he’ll cut the top tax rate to 33 percent. And he wants to cap itemized deductions for married joint filers to $200,000. Currently there is no cap. That last part is already affecting charitable giving, with advisers telling clients to step up giving now before the cap kicks in.

Click the audio player above to hear the full story.

Cyborgs: we're closer than you think

Dec 1, 2016
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Bruce Johnson

Let's play a game.  It's called, “Are you a cyborg?”

Here's how you play:

  • Have you inserted a chip or computerized medical device like a pacemaker into your body?
  • Do you use any fitness tracking software or hardware?
  • Are you taking antidepressants?

If you answered “yes” to any of these questions, you win. You are a cyborg.

At least, that's the view of futurist Amy Webb, who we feature in this episode of Codebreaker, called 'The Augmented Self'.

Chart of the day: Personal debt keeps growing

Dec 1, 2016
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Raghu Manavalan

One out of three Americans has at least one debt in collections. That includes credit card debt, car loans, medical bills, unpaid parking tickets or even unpaid gym memberships.

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Donna Tam

On average, less than half of high school students actually complete their financial aid forms, which means they could be losing out on money for college, according to the National College Access Network.

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Marketplace

President-elect Donald Trump gave more details today about a deal with the air conditioner company Carrier to retain about half the jobs it had planned to outsource to Mexico. About 1,000 jobs will stay, but it appears that Carrier's parent company, United Technologies, may still move as many or more jobs.

More manufacturing jobs disappearing than staying? That's a familiar script. The corporate strategy at many companies — manufacturers or otherwise — is to cut jobs, not create them.

Click the audio player above to hear the full story.

Reddit announces plan to curb "toxic users"

Dec 1, 2016
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Kai Ryssdal

A story about the internet, abuse on the internet and one company doing something about it. Reddit is a site where users post links about what they're reading or watching or thinking online and, importantly, comments responding to those links. 

So what actually happened with Reddit and its CEO?

Zlota Kurka, or Golden Hen, sits in a central Warsaw neighborhood surrounded by telecom offices and wine bars. Inside, there's a window-sized menu offering Polish-style soups, eggs, dumplings, cabbage and potatoes, all cooked by women in flowered aprons and schoolteacher glasses.

Marketplace for Thursday, December 1, 2016

Dec 1, 2016
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Marketplace

On today's show: Despite the deal struck by Carrier and President-elect Trump, more Carrier jobs are leaving Indiana than are staying. We look at the larger corporate strategy of jobs leaving the country and automation.  Also: Another installment in our series How the Deck is Stacked, in partnership with Frontline and PBS. Finally: Reddit CEO Steve Huffman apologized yesterday for secretly editing comments in a community thread for supporters of President-elect Trump and vowed to take a tougher stance on some of the site's "toxic users."

How Italy's new referendum could change the country

Dec 1, 2016

On today's show, we'll talk about what we're expecting from tomorrow's jobs report; a new Italian referendum that'll reform the country's constitution; and how Amazon moves data into the cloud. 

Politics mailbag: Ethics, market reactions and the Fed

Dec 1, 2016
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Kai Ryssdal and Andrea Seabrook

Kai Ryssdal and Andrea Seabrook answer your questions on conflicts of interest, stock market reactions and what to expect from the Federal Reserve over the next four years. Got questions about the election aftermath, Trump's first 100 days or the future of the American economy? Tweet them to @Marketplace@kairyssdal or @RadioBabe.

Trump's Carrier deal “is not policy," experts say

Dec 1, 2016
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Lane Wallace
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JaeRan Kim

The agreement by OPEC members to cut oil production by 1.2 million barrels a day — that’s 1 percent of global production — sent crude prices climbing after it was announced. The global oil industry hopes things will continue to trend that way. The deal is meant to reduce the current oil glut and get us nearer to a balance between supply and demand.

Click the above audio player to hear the full story. 

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Annie Baxter

President-elect Donald Trump says he has a deal with Carrier Corporation to keep about 1,000 Indiana jobs from going to Mexico. The heating and air conditioning firm's parent company, United Technologies, wants to raise profits by using cheaper labor in Mexico.

At the same time, United Technologies has been doing what many corporations do these days: investing billions of dollars in cash to buy back its own shares... money that critics say could be invested in things like its workforce.

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Marketplace

On today's show, we'll talk about Trump's trip to Indiana amid news that he struck a deal with Carrier to keep 1,000 jobs from going to Mexico, and look at criticism against United Technologies — Carrier's parent company — for buying back its own shares. Plus: We'll interview our correspondent Scott Tong about a joint report between Marketplace and APM Reports that found an EPA study — which examined hydraulic fracturing's impact on drinking water — was changed at the last minute to downplay the risk of pollution. 

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