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Wells Fargo CEO Timothy Sloan is questioned by the House Financial Services Committee earlier this month. He will step down immediately, the company announced Thursday.

Economy

Wells Fargo CEO Quits In Wake Of Consumer Financial Scandals

5:11pm March 28, 2019

by Jennifer Liberto

Wells Fargo announced Thursday that CEO and President Tim Sloan will step down immediately. The company's general counsel Allen Parker was elected to run the company until a new CEO is selected.

Economy

Dry Cleaners, Housing, The Stock Market And Rip It

4:21pm March 28, 2019

Today, answers to your questions on dry cleaner pricing, and the comparative investment virtues of the housing and stock markets.

Skuli Mogensen, CEO of Wow Air, poses during a delivery ceremony of his airline's first Airbus A321neo, at the Paris Air Show in 2017. The airline abruptly ceased its operations on Thursday.

Wow, Indeed: Airline Ceases Operations, Leaving Travelers Stranded And Angry

2:28pm March 28, 2019

by Bill Chappell

Wow Air surprised its passengers Thursday, saying it's going out of business and ceasing operations. Travelers are scrambling to book other tickets — and wondering about refunds.

Both Democrats and Republicans have introduced proposals that would impose a cap on out-of-pocket costs of prescription drugs for Medicare patients. But it's still unclear whether those moves will gain a foothold.

Medicare's Uncapped Drug Costs Take A Big Bite From Already Tight Budgets

9:10am March 27, 2019

by Michelle Andrews

Unlike many private health plans, Medicare has no cap on out-of-pocket expenses for prescription drugs in Part D. As the cost of specialty drugs rises, some Medicare patients owe thousands of dollars.

Venezuela indicators FEDERICO PARRA/AFP/Getty Images

Economy

Venezuela By The Numbers

5:01pm March 26, 2019

The crisis in Venezuela continues to deepen, with nationwide blackouts hitting the country again this week. Today, we talk to a Caracas-based economist about what's happening in her country.

Economy

Spotify's Long, Winding Road To India

3:49pm March 25, 2019

Spotify recently launched in India, but that path was long and complicated. We take the experience of Spotify and use it as a lens to look at why breaking into India is so difficult.

Economy

Are Neighbors Overrated? (And Other Questions)

3:21pm March 22, 2019

The latest edition of "Overrated, Underrated" with economist Tyler Cowen.

One of the Trump administration's proposals would change the prices Medicare pays for certain prescription drugs by factoring in the average prices Europeans pay for the same medicines.

It Will Take More Than Transparency To Reduce Drug Prices, Economists Say

1:59pm March 22, 2019

by Alison Kodjak

The Trump administration wants to increase transparency in prescription drug pricing. But health economists say the administration's call to tie prices to what other nations pay might work better.

Economy

Lyft Going Public: The Dual-Class Share Dilemma

4:46pm March 21, 2019

All shares of stock are not created equal. Stock can come in different classes now: Class A, Class B. Some of this stock comes with superpowers... and some of it comes with almost no power at all.

A woman with a sign reading "There is no food" protests against new emergency powers decreed this week by President Nicolas Maduro in front of a line of policemen in Caracas on May 18, 2016. / AFP / FEDERICO PARRA (Photo credit should read FEDERICO PARRA/

Economy

Why Are Venezuelans Starving?

4:53pm March 20, 2019

Venezuelans are starving because there isn't enough food. But the country has so much fertile land, water, and sunshine — shouldn't it be a farmer's paradise?