Economy

Economy

Retailers say shoppers are making fewer purchases but inflation means they pay more

5:15am August 26, 2022

by Alina Selyukh

The latest report cards from top U.S. retailers show shoppers are making fewer purchases and fewer trips to stores. But when they check out, they tend to spend more because things cost more.

Jennifer Jones sorts her bills at her small flat in London, Thursday, Aug. 25, 2022. Like millions of people, Jones, 54, is struggling to cope as energy and food prices skyrocket during Britain's worst cost-of-living crisis in a generation.

Economy

Households across the U.K. are about to experience an 80% jump in energy costs

5:04am August 26, 2022

by The Associated Press

The latest price cap — the maximum amount that gas suppliers can charge customers — will take effect Oct. 1, just as the cold months set in. And bills are expected to rise again in January.

Student loan forgiveness gives borrowers some financial breathing room

5:22pm August 25, 2022

Americans with student loans react to President Biden's debt forgiveness plan.

The economic arguments for and against Biden's student debt relief plans

4:39pm August 25, 2022

by Scott Horsley

President Biden's plan to erase up to $20,000 in college debt for tens of millions of borrowers is drawing praise and criticism. Some welcome relief, but others say he should address tuition costs.

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Macy's, the nation's largest department store chain, has scaled back its sales forecast for the year.

What our shopping choices say about the U.S. economy

2:50pm August 25, 2022

by Alina Selyukh

Here's what we learned from a hectic spate of financial report cards shared by top U.S. retailers.

Economy

Encore: Drivers question whether it's worth it as Uber and Lyft cut incentives

5:07am August 25, 2022

by Raquel Maria Dillon

With inflation running high, more people are driving for Uber and Lyft. Most of them say the cost of living is why they signed up. (Story first aired on All Things Considered on Aug. 8, 2022.)

Economy

People are gathering for the Fed's annual meeting in Jackson Hole

5:07am August 25, 2022

The markets are watching as the Federal Reserve holds its annual meeting in Wyoming. NPR's A Martinez talks to David Wessel of the Brookings Institution for a preview.

More than two years ago, then-presidential candidate Joe Biden pledged to cancel at least $10,000 in federal student loans. The pledge has followed his administration ever since.

Biden is canceling up to $10K in student loans, $20K for Pell Grant recipients

4:59pm August 24, 2022

President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.

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Race
Economy

First Black Investments in Greensboro Equity Fund grant awarded

4:34pm August 24, 2022

by David Ford

Piedmont Business Capital has received the first grant by the

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My 1999 Toyota Tacoma was stolen, crashed, and stripped for parts.

Someone stole my truck. I got a crash course on the wild black market for stolen cars

7:04pm August 23, 2022

by Greg Rosalsky

In the late 1990s and early 2000s, automakers began adopting an anti-theft technology that dramatically reduced car thefts. But why did it take so long?