Economy

Economy

Inflation is the No. 1 challenge facing families right now, Rouse says

7:19am May 19, 2022

Prices for gas, food and other items are rising. NPR's Rachel Martin talks to Cecilia Rouse, chair of the Council of Economic Advisers, about what the White House is doing to bring down inflation.

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Ringling Bros. and Barnum & Bailey is bringing back "The Greatest Show on Earth" — but without animals. The circus has been closed down since 2017.

The Ringling Bros. circus is coming back, with human acts in the center ring

3:30pm May 18, 2022

by Bill Chappell

The circus will launch a U.S. tour of live shows in September 2023.

Alice Liu, a second-generation owner of Grand Tea and Imports.

Economy

For businesses in Manhattan's Chinatown, inflation is a tough economic hurdle

5:04pm May 17, 2022

by Camille Petersen

Many businesses have relied on high sales volume to make a profit, but higher costs for wholesale goods and dwindling inventory because of supply chain disruptions are forcing them to raise prices.

Economists are weighing in on America's baby formula shortage

4:26pm May 17, 2022

by Scott Horsley

The FDA is taking emergency steps to increase the supply of baby formula after a plant closure led to shortages. Federal policy may have contributed to over-reliance on a handful of formula suppliers.

Economy

Toyota Battery North Carolina on track for 2025 rollout

2:51pm May 17, 2022

by David Ford

Last December, Governor Roy Cooper announced plans for the arrival of Toyota's lithium battery plant to the Triad, and along with it, thousands of good-paying transportation jobs.

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The case for revolutionizing child care in America

12:27pm May 17, 2022

by Greg Rosalsky

A new book argues that greater public support for parents is critical for the brain development of America's kids.

In Silicon Valley, startups are laying off staff as investors pull back from big tech

4:37pm May 16, 2022

by Bobby Allyn

In the startup world, investors are pulling back, companies are laying off employees and IPOs are being delayed. Is a tech bubble about to burst, or has the unraveling already started?

McDonald's arrived in Moscow when Russia was still part of the Soviet Union. Tens of thousands of customers stood in line when its first restaurant opened on Jan. 31, 1990, at Moscow's Pushkin Square.

McDonald's is leaving Russia, after more than 30 years

8:43am May 16, 2022

by Bill Chappell

In 1990, the Big Mac's arrival in Moscow signaled a new era. Now McDonald's is tearing down the golden arches and writing off its investment in Russia.

Elon Musk says he wants to see more details about the number of fake accounts on Twitter before his deal to buy the social media platform goes through. He's seen here last week, arriving for the 2022 Met Gala at the Metropolitan Museum of Art in New York.

Elon Musk says he's put the blockbuster Twitter deal on pause over fake accounts

6:34pm May 13, 2022

by Bill Chappell

The Tesla and SpaceX mogul said he needs to make sure the fake accounts "do indeed represent less than 5%" of Twitter's users, as the company has estimated.

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Could inflation be a good thing for governments in debt?

4:40pm May 13, 2022

For all the pain it causes, inflation makes old debts easier to pay off. A silver-lining for countries burdened by pandemic debt? Maybe. But if history is any guide, that shine may be short-lived.