Business

Economy

Biden cheers latest job report but inflation worries persist

7:49am December 03, 2022

The US job market is strong, with employers adding more than a quarter-million jobs every month. President Biden cheered the latest jobs report, but it could put more fuel on the fire of inflation.

It can be hard to find children's fever-reducing medication in some areas. At a Bed Bath & Beyond in Washington, D.C., on Thursday, a few products were in stock while others were sold out.

Thanks to the 'tripledemic,' it can be hard to find kids' fever-reducing medicines

5:00am December 03, 2022

by Laurel Wamsley

Makers of products like Children's Tylenol say they're trying to keep up with big demand as RSV, flu, and COVID spread. But medical experts note that kids' fevers don't always call for medicine.

A builder sands the body of a guitar at the Fender factory, in Corona, California, on October 6, 2022. Industries sensitive to rising interest rates have been slowing hiring.

The U.S. gained 263,000 jobs last month. It's good news for workers, but not the Fed

4:38pm December 02, 2022

by Scott Horsley

Hiring slowed slightly in November amid rising interest rates. But the U.S. job market remains unusually tight. Employers added 263,000 jobs in November while unemployment held steady at 3.7%.

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Matt Turner of the United States celebrates the winning goal by Christian Pulisic against Iran at the World Cup on Tuesday.

U.S. men's success in the World Cup brings a windfall to the women's team

4:25pm December 02, 2022

by Bill Chappell

The success of the men's squad in Qatar will bring players on the women's team more money than they were rewarded for winning the 2019 tournament.

Economy

U.S. employers add 263,000 jobs in November

4:22pm December 02, 2022

by Scott Horsley

U.S. employers added 263,000 jobs in November. A Labor Department report shows wages are climbing quickly, which is good for workers but could complicate efforts to curb inflation.

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Economy

Gas prices are lower than when Russia invaded Ukraine

4:22pm December 02, 2022

by Camila Domonoske

Gas prices are now lower than when Russia invaded Ukraine in February and are expected to fall even further, a likely relief to many stretching their savings during the holiday season.

Economy

One economist's argument for heat safety regulations

4:22pm December 02, 2022

As California considers new heat safety regulations for indoor workers one economist argues that it would be a win-win for both employees and their employers.

Planet Money's 'The Indicator': How Musk bought Twitter with other people's money

3:40pm December 02, 2022

Elon Musk bought Twitter for $44 billion, but almost a third of it was in bank loans. He used a leveraged buyout strategy, which means Twitter, not Musk, is on the hook to pay back the loans.

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An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, Oct. 11, one of the largest facilities for oil and petroleum products in southern Russia. The deadline is looming for Western allies to agree on a price cap on Russia oil.

World News

What to know about the West's new efforts to slash Russia's oil revenue

3:14pm December 02, 2022

by Jackie Northam

Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.

The Pantone Color Institute has been identifying colors of the year for the last two decades. Their pick for 2023 is a shade of magenta.

Arts

How and why Pantone picked 'Viva Magenta' as its 2023 color of the year

12:50pm December 02, 2022

by Rachel Treisman

After much research and consideration, the Pantone Color Institute has revealed the color of the year for 2023. It calls Viva Magenta "an unconventional shade for an unconventional time."