ECONOMY

Sri Lanka is facing economic crisis — and the U.S. dollar is partly to blame

4:42pm April 29, 2022

Sri Lanka is in a deep economic and humanitarian crisis. A big contributing factor? Its central bank is running dangerously low on foreign currency reserves.

Oyster harvester Johny Jurisich empties a dredge filled with oysters onto his boat near Texas City, Texas.

Oyster reefs in Texas are disappearing. Fishermen there fear their jobs will too

11:31am April 29, 2022

by Katie Watkins

Texas closed most public oyster reefs for harvesting, dealing a blow to the fishing industry. "It's taken a big toll on me," says Johny Jurisich, whose family has worked in the business for decades.

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The U.S. economy likely slowed sharply in this year's first quarter, but conditions may be sturdier than they look as consumer spending remains healthy. Here, people relax in Sunny Isles Beach, Fla., on March 8.

Economy

Why this economy may be sturdier than it looks

9:46am April 28, 2022

by Scott Horsley

U.S. GDP shrank in the first few months of the year, but the economy may be sturdier than it looks.

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Economy

Crude oil is down more than $20 from last month, but prices at the pump remain high

10:46am April 24, 2022

NPR's Ayesha Rascoe asks E&E News reporter Ben Storrow for the reasons gas prices remain high.

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The Dow Jones industrial average slumped 2.8%, its biggest drop in 18 months, after briefly skidding more than 1,000 points.

Economy

The Dow had its biggest drop in 18 months amid fears of an interest rate hike

5:48pm April 22, 2022

by The Associated Press

The Dow Jones industrial average slumped 2.8% after briefly skidding more than 1,000 points. The S&P 500 had its biggest one-day loss in almost seven weeks.

China's tech crackdown has disrupted its financial markets

4:40pm April 22, 2022

China has enforced strict regulations on its tech platforms over the past year. But this crackdown has sparked such instability in financial markets that the government may be having second thoughts.

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Florida is ending Disney's special tax district. Here's what comes next

4:29pm April 22, 2022

NPR's Ari Shapiro talks to reporter Nick Papantonis of WFTV about the effect that revoking Disney's special tax district will have on local taxpayers.

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Russians are feeling the impact of sanctions, but the worst is still yet to come

4:29pm April 22, 2022

by Charles Maynes

It's been nearly two months since the US and its allies introduced unprecedented International sanctions against Russia in response to the invasion. For the Russian economy, the worst is yet to come.

Disney operates like its own county government in Florida — but that could change, now that Gov. Ron DeSantis has signed a new bill lawmakers approved this week. Here, tourists walk through Disney Springs at Walt Disney World in Orlando, Fla., last mont

DeSantis wanted to punish Disney. Repealing its tax status may hurt taxpayers instead

4:07pm April 22, 2022

by Bill Chappell

Orange and Osceola counties could take on a massive debt held by Disney now that Gov. Ron DeSantis has signed a bill revoking Disney World's special regulatory status.

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Treasury Secretary Janet Yellen pauses while speaking at the Atlantic Council in Washington, D.C., on April 13. Yellen and other finance ministers walked out of a G20 session on Wednesday as Russian officials were speaking.

Janet Yellen and other finance ministers walk out of G20 meeting as Russia speaks

6:30pm April 20, 2022

by Scott Horsley

Yellen's counterparts from the U.K. and Canada joined the walkout to protest Russia's invasion of Ukraine.