Volkswagen announced Thursday that owners of its diesel vehicles involved in the emissions scandal will be compensated for the loss of resale value of their cars.
The company admits to systematic failures, while maintaining a small group of people were directly involved. VW also pledged compensation for car owners and future third-party oversight of testing.
Our Planet Money team examines the financial life within ISIS territory. When members of the Islamic State take control of a town, they also take control of its businesses and its economy.
It sounds like a dance move — the reverse spin. But it's actually a financial engineering maneuver Yahoo is using to make the company more attractive to investors.
As lawmakers work to negotiate a government spending bill, the financial industry is lobbying against a rule being crafted by the Labor Department aimed at protecting workers with retirement accounts.
Osage oranges, also known as hedge balls or monkey brains, fall from hedge shrubs that line many Iowa farms. They've been a problem because cattle can easily choke on them. But they've become valuable since Todd Johnson, a southern Iowa chemist, started paying $180 per ton — more than what many farmers are getting for their corn this fall. He promises it's not a prank.
Outbreaks of foodborne illness are ruining the holiday spirit for Chipotle. The latest cases erupted over the past few days among students at Boston College.
The 20th century's biggest carbon emitter is also one of the few advanced democracies where climate change is not accepted as fact. This makes it hard for some to trust U.S. efforts on the issue.
In the post-World War II economy, most Americans lived in middle-income homes. But that has been shifting for decades. Today, middle-income families make up less than 50 percent of all households.