Economy & Business

Business news

Obama warns Brits against Brexit

Apr 22, 2016
Tracey Samuelson

President Barack Obama encouraged Britons to stay in the European Union when they vote in the country’s June referendum. He touted a "together-is-better" message in an op-ed in the Telegraph newspaper and a press conference with Prime Minister David Cameron on Friday.

“The United States wants a strong United Kingdom as a partner,” Obama said. “And the United Kingdom is at its best when it’s helping to lead a strong Europe.”

Weekly Wrap: Is Yahoo a tainted chalice?

Apr 22, 2016

Joining us to talk about the week's business and economic news are the Felix Salmon of Fusion and Leigh Gallagher of Fortune Magazine. The big topics this week: Yahoo, Wall Street regulations and global interest rates.

Marketplace for Friday, April 22, 2016

Apr 22, 2016

Popular television series, like "The Bachelor" and "The Walking Dead," have introduced after-shows that draw in big ratings and social media engagement; Uber's $100 million settlement with its drivers has turned the spotlight on to the rise of the gig economy; and President Obama spoke in London Friday, urging the United Kingdom not to withdraw from the European Union.

Local Money: Austin wrestles with its homeless problem

Apr 22, 2016
Lizzie O'Leary

No one knows your neighborhood better than you do, which is why we started our Local Money project. We want to hear about the big money story that's happening in your city. Submit our next topic here:


"Game of Thrones" joins the after-show party

Apr 22, 2016

"Game of Thrones" is back on HBO this weekend and along with it, for the first time, the network will produce an after-show, called, yes, "After the Thrones." Fans will be able to geek out about the goings-on in King's Landing, the fate of Jon Snow, the R+L=J theory.

"Orphan Black" has also launched an after-show this season, "After the Black."

The Bachelor has had success with "Bachelor Live." 

The first cruise ship to sail between the U.S. and Cuba in more than 50 years can now carry passengers who were born in Cuba, after the island nation eased its ban against native-born Cubans returning by boat. The cruise ship, operated by Carnival, is set to depart Miami for Cuba on May 1.

It only opened around six months ago — and now comes word that Apple's iTunes Movies store in China is closed at least temporarily, along with its iBooks Store. The company has issued a statement saying that it hopes to reopen the movie and book services soon.

The closure was reportedly ordered by the Chinese government last week; according to local media, it comes just as a controversial Hong Kong film that's been censored in China is being released on Apple's Hong Kong iTunes service.

Molly Wood

Earlier this week, I had what was most likely the most San Francisco day of my life. There was pour-over small-batch coffee. A visit to a tech unicorn headquarters. Some tone-deaf obliviousness. A food truck that only serves bacon-related items, and a speeding Uber car.

Do Felons Make Good Employees?

Apr 22, 2016
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The state of interest rates in Japan

Apr 22, 2016

On today's show, we'll talk about Uber's $100 million class-action settlement with drivers; Japan's interest rates; and the economic benefits of political conventions, or lack thereof, for host cities.

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Uber settlement brings mixed emotions

Apr 22, 2016
Andy Uhler

Uber has agreed to pay as much as $100 million to settle a class-action lawsuit with drivers in California and Massachusetts. That money will be spread out among almost 400,000 drivers. Uber also admitted after the settlement that it hasn’t always done a good job working with drivers. But Uber can keep its drivers independent contractors. So, which side won?

Harry Holzer, public policy professor at Georgetown University, said it was a split decision.

Sally Herships

If you're traveling for work, Uber might not be your first option. Business travelers who rent cars often do so because they need to cover a lot of ground, said Christopher Agnew, managing director with MKM Partners, an equity research, sales and trading firm. 

The costs and benefits of political conventions

Apr 22, 2016
Nancy Marshall-Genzer

Cleveland and Philadelphia are hoping for economic windfalls from this summer’s presidential nominating conventions. Cleveland will host the Republicans. The Democrats will meet in Philadelphia.

The big question for both cities is, will the economic benefits outweigh the costs of hosting the conventions?

“Oh yeah, definitely,” Craig Adams said during an informal street survey in Cleveland.

He owns a local flooring company. It’s a great time to be in construction in Cleveland, because the downtown is undergoing a major face-lift for the convention.