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NPR Topics: Business
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Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.
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Sebelius Urges Reluctant Insurers To Back Changes
Health and Human Services Secretary Kathleen Sebelius told health insurers they risked losing consumers if they didn't work with the White House on a health care overhaul. But Karen Ignagni, the head of the insurance trade organization, said her group was eager to support an overhaul, just not this one.
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A Decade Later, NASDAQ Is Half Of Its All-Time High
The NASDAQ composite index hit an all-time a decade ago today — but now the index is still less than half what it was. The stock exchange, home to many of the tech stocks that benefited from the dot-com boom, is still feeling the effects of the bust that left scars on the economy.
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Decade After Introduction, Euro Struggles
Of the 16 countries that use the euro, some have stable economies, while others are in bad shape. But in recent weeks, there has been speculation that Greece might default on its debt, putting other European countries at risk. Just over a decade after the euro was introduced, the unified currency is having something of an existential crisis.
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Bank Of America Drops Some Overdraft Charges
Bank of America says it will do away with overdraft charges on debit card purchases. When customers try to buy something but don't have enough in their account, the transaction will be be rejected. The move is in reaction to a new regulation that will require banks to get customers to "opt in" to automatic overdraft protection.
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Unemployment Rises In Fewer States In January
Unemployment rose in 30 states in January, the Labor Department said Wednesday. The data is somewhat better than December, when 43 states reported higher unemployment rates, but worse than November. California, South Carolina, Florida, North Carolina and Georgia reported record-high joblessness.
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Wholesale Inventories Dip, Sales Rise In January
Inventories dropped 0.2 percent, while sales increased for a 10th consecutive month, up a solid 1.3 percent. Economists hope the steady rise in sales will prompt more inventory restocking, triggering increased factory production and providing support for the fledgling economic recovery.
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Prius Hits Wall In N.Y.; Police Point To Stuck Accelerator
Police in Westchester County (N.Y.) say a 56-year-old woman smashed a 2005 Toyota Prius into a stone wall Tuesday after a stuck accelerator pedal "shot" the vehicle forward.
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BofA To End Overdraft Fees On Debit Cards
Customers who try to make debit card purchases without enough money in their accounts to cover the transaction will be denied at the cash register. For ATM transactions, those who try to withdraw more than their balance will first have to agree to pay a $35 overdraft fee.
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Would A Soda Tax Be A Big Deal?
Planet Money: A penny-per-ounce tax could drive down consumption by more than 10 percent.
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After Quake, Haiti Seeks Better Business Climate
Haiti's small business elite sees January's earthquake as an opportunity, but not just to make money. They say it's a chance to refashion the corrupt, inefficient way things are done in Haiti, while marshaling international support to boost the country's industries.
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Training Displaced Workers But For What Jobs?
In Dayton, Ohio, Sinclair Community College has been a driving force in helping retrain the unemployed so they can find work after graduation. But high paying manufacturing jobs don't seem to be coming back, and any good job is tough to find.
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'Soros Lectures' Shares Wisdom, Criticisms
George Soros has made billions of dollars predicting the ups and downs of global financial markets. Soros speaks to Steve Inskeep about his new book The Soros Lectures: At the European University. It is Soros' dissertation on why the world financial system is so flawed — and what corrective steps will help.
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Job Openings Up Sharply In January
The Labor Department reported on Tuesday that job openings increased in January. The number of openings in January rose about 7.6 percent to 2.7 million, compared with December. It is still a tough job market, however, but with some signs of improvement.
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Bank Of America Ends Overdraft Fees On Debit Cards
The nation's largest banks says when customers don't have enough money in their accounts, purchases will not go through. A spokesperson for Bank of America says consumer research shows that people prefer to have a transaction declined rather than have the purchase go through and be charged an overdraft fee.
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Company Offers First 'Practical' Jetpack
A New Zealand company is selling a 500 pound gadget that will shoot you a mile high. In the Martin Jetpack, you can fly around for 30 minutes on a full tank of gas. It costs $90,000.
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