Business news

The UN's 17 goals for the next 15 years

Sep 25, 2015
Lizzie O'Leary and Raghu Manavalan

The United Nations mets in New York this week, and one portion on its agenda was approving 17 new Sustainable Development Goals that primarily targeted the world's developing countries. As The Guardian reports:

The pope has a lot to say about the global economy

Sep 25, 2015
Adrienne Hill, Tracey Samuelson and Mukta Mohan

Pope Francis is wrapping up his visit to the United States. Today he addressed the United Nations in New York and had a lot to say about the global economy. He talked about how things work and how things should work instead. Marketplace's Tracey Samuelson was at the U.N. for the speech.

Buyers are scarce for once-coveted taxi medallion

Sep 25, 2015
Sam Harnett

Harbir Batth has been driving a taxi in San Francisco for more than 20 years, but he doesn’t want to do it anymore. His son is in college, and he has a young daughter to support. He said there are too many Ubers, Lyfts and other ride sharing services for him to make a decent living.

“There's not enough money coming at home, and I don't see any future — income getting better,” Batth said. 

Marketplace for Friday, September 25, 2015

Sep 25, 2015

John Boehner's changing relationship with the GOP and Wall Street; China's cap-and-trade program; and taxi medallions.

Weekly Wrap: Volkswagen, interest rates and cybertheft

Sep 25, 2015
Adrienne Hill

Joining us to talk about the week's business and economic news are the Wall Street Journal's Sudeep Reddy and Nela Richardson from Red Fin. The big topics this week: the Volkswagen emissions scandal; the possibility of an interest rate hike by the end of this year; and an agreement between the U.S. and China on cybertheft. 

Strains between GOP and business

Sep 25, 2015
Nancy Marshall-Genzer

Speaker John Boehner’s abrupt resignation left many in the business community scratching their heads, wondering what’s next.

His speakership was marked by disagreements with the party's right flank over its relationship with the business community. 

Marketplace Weekend Staff

This week, we're talking about stopping, quitting ... throwing in the towel. What financial habits do you want to quit? What about big fees at the ATM, or a gym membership where you are not getting your money's worth? 

Want your story to be on our show? We want to hear from you. Send us an email, or reach us on Twitter, @MarketplaceWKND

Sam Beard

Sunny Spain has put many of its European partners in the shade. The Spanish economy has recovered strongly from a deep recession and is now the fastest growing in the Eurozone.

But there’s one significant cloud on the Spanish horizon. An election this weekend in the country’s most prosperous region, Catalonia, in the north-eastern corner of the country, could conceivably lead to the region separating from the rest of Spain and, at the very least, could trigger a big political crisis.

Bob Forrest's long comeback

Sep 25, 2015
Jenny Ament

Bob Forrest is a singer-songwriter and former the lead vocalist of '80s and '90s L.A. rock bands Thelonious Monster and The Bicycle Thief. He got clean in 1996, after 24 attempts at rehab. Today, he's returning to the music industry. His new solo album, "Survival Songs," explores his original material, both old and new. 

The many computers under the hood

Sep 25, 2015
Lizzie O'Leary and Bruce Johnson

This week, car company Volkswagen came under fire for installing software in its cars that would automatically detect whether one of their vehicles was undergoing an emissions test.

Blackberry banks on patents

Sep 25, 2015
Nova Safo

Blackberry releases second quarter earnings on Friday, and Wall Street will be paying particularly close attention to Blackberry's revenues from software and patents. The company has made no secret that it wants to become a software company. And last week, Blackberry's CEO John Chen said he wants to bring in more money from the company's cache of 44,000 patents.

The pope's chair made in Philadelphia prison workshop

Sep 25, 2015
Tom MacDonald

When Pope Francis visits the Curran-Fromhold Correctional Facility as part of his trip to Philadelphia, he will sit in a chair custom-made by inmates.

Alexander Davis is part of the prison team which built the pope's chair.

"It gives you joy to know that you are making something for someone so big that is coming to the city," Davis said. "And that everybody is going to get a chance to see — and it's the craft that we actually learn in here.”


Airing on Friday, September 25, 2015: China's new cap-and-trade program; Pope Francis visits a prison vocational workshop in Philadelphia; and why GDP revisions matter.

Marketplace Tech for Friday, September 25, 2015

Sep 25, 2015

Airing on Friday, September 25, 2015: U.S. policymakers get a message from the EU's chief digital regulator; Blackberry transitions from smartphone to software company; and WNYC's Movie Date co-host, Kristen Meinzer, tries to stump Ben on the latest tech news for this week's edition of Silicon Tally. 

GDP revisions — Who cares? Why bother?

Sep 25, 2015
Mitchell Hartman

Update: Gross domestic product grew 3.9 percent in the second quarter, according to the final revision of GDP issued by the Commerce Department's Bureau of Economic Analysis on Friday. GDP grew in the first quarter by just 0.6 percent (as reported in the final revision). 

The original story appears below.

Marketplace for Thursday, September 24, 2015

Sep 24, 2015

D.C.'s broken business model; the Corner Office; and the pope's no-drone zone.

Volkswagen dealers in U.S. waiting for guidance

Sep 24, 2015
John Sepulvado

So we wondered what do you do if you’re a Volkswagen dealer in the U.S. and you’ve just been handed this big emissions scandal? What are you being told, and what are you telling customers? 

“Right now, we’re waiting for guidance from Volkswagen of America on how to address the concerns,” says Michael Patrick, a service and parts director at  Herzog-Meier Volkswagen in Beaverton, Oregon. “We’re excited to help everybody once we know, and as soon as we do know, we’ll be willing and ready to take care of everybody.”  

Kim Adams

Time is winding down to find a deal to avoid a potential government shutdown. The Senate shot down the first attempt at a short-term fix Thursday, with the fight over spending caps and money for Planned Parenthood.

But when it came time to finally get into gear on figuring things out, the Senate was debating a solution as part of a bill called the Hire More Heroes act of 2015.

Kai Ryssdal

Back in 2010, Domino's admitted it had a pie problem. CEO Patrick Doyle apologized to customers, telling them the chain would strive to make better pizzas. Since then, Domino's has been seeking to reinvent themselves. Marketplace's Kai Ryssdal gets a slice of all the pizza-making action by visiting Doyle at the company's headquarters.

Bots watch ads, humans block them

Sep 24, 2015
Marketplace staff


That's how many times iOS adblocker Purify has been downloaded since it launched on September 16, according to Apptopia. It's one of many new ad blockers entering the arena since Apple enabled the technology, the Wall Street Journal reports. At $3.99 a pop, Purify has earned over $150,000 in revenue, but that's not the only way to make money by blocking ads. Advertisers can get past the filter with "acceptable" non-intrusive ads — and a fee. 

What if it's not just Volkswagen?

Sep 24, 2015
Mark Garrison

The VW diesel emissions scandal may be responsible for more than 40,000 tons of pollution in America, according to an analysis by the Guardian. That’s the worst-case number for emissions of nitrogen oxides, pollutants linked to environmental and health damage. The problem could be much bigger abroad, including Europe, where diesel passenger cars are far more popular than in the U.S. Eleven million VWs are under recall worldwide.

Why relaxing terms on student loans could backfire

Sep 24, 2015
Paddy Hirsch

Here's a problem with the idea of taking it easier on student borrowers: Wall Street doesn't like it.

So what, you say. Students can't handle all the debt they're borrowing. We need debt forgiveness and easier terms. Wall Street should just suck it up.

Except that when Wall Street doesn't like something, it tends not to suck it up. It tends to walk away.

Pope Francis makes climate change a moral issue

Sep 24, 2015
Scott Tong

Climate change has been discussed as a matter of science, regulations, and, of course, markets. Pope Francis is trying to reframe the subject in terms of common morality.

Ever hear of the famous door-hanger study? More than 1,000 families got different messages on their doors about saving energy and why. Some door hangers said do it for the planet. Others, for their kids' future. Or to save money.

The only doorhanger to spark change said, "Do it because your neighbors do."

The power of the tribe. Go against it, and you can have a problem.

What's next for Nike?

Sep 24, 2015
Andy Uhler

There’s no doubt that Nike is the world’s leading sports brand. The company will announce earnings at the close of trading on Thursday. Nike's stock is up 20 percent so far this year. So what's next for the sports giant? 

Nike is looking to the apparel side, said Camilo Lyon, the managing director of equity research at Canaccord Genuity.

"For the most part, the major athletic brands focused on the athlete as opposed to taking that more comfort and athletic look to the street,” Lyon added. 

Marketplace Tech for Thursday, September 24, 2015

Sep 24, 2015

Airing on Thursday, September 24, 2015:  The heroes and villains of human rights online; mystical belief trending among techies; and  5.6 million federal employee fingerprints stolen by hackers. 


Airing on Thursday, September 24, 2015: The impact of the Volkswagen scandal on the company's brand and the pope's attempt to reframe climate change as a moral issue. 

Catalonia prepares for crucial vote Sunday

Sep 24, 2015
Sam Beard

This weekend, voters in Spain's most prosperous region, Catalonia, go to the polls. They're electing a new local government, but the poll could have big repercussions for the rest of the country. Many regard the election as a vote for independence which could — in theory — lead to the breakup of Spain.

Pro-independence feelings are running high in the largely self-governing community.

"We want freedom, we want liberty," said Viktor Sillis, a Catalan citizen attending a National Day celebration in Barcelona earlier this month. "We want to be a free country in Europe."

Colleges compare tactics for cutting down drinking

Sep 23, 2015
Tony Wagner

Wells College President Jonathan C. Gibralter says administrations he's worked in have been "hit and miss" when it comes to curbing drinking on campus.

"They intuitively seemed like the right thing to do," he told the Chronicle of Higher Education this week, but "we didn't really have any data at that point that we were relying on."

Is this the rise of the robots? Probably not

Sep 23, 2015
Kai Ryssdal and Tommy Andres

Marketplace for Wednesday, September 23, 2015

Sep 23, 2015

There's room at the inn for the pope's Philly visit; China's big Boeing order; and the rise of the Master Algorithm.