National/International

The closing of the Navajo Generating Station could be seen as the first big test of President Donald Trump’s promise to bring back coal.

Navajo President Russell Begaye says he feels Trump has failed.

“The Trump administration has not lifted a finger for us, and I don’t believe that he will,” Begaye said.

The coal-fired power plant outside of Page, Arizona, is one of the biggest in the country, and an economic backbone of the Navajo reservation.  

GettyImages-3353807.jpg
D Gorenstein

It’s getting little attention right now as the GOP-led Congress struggles to pass a bill to repeal and replace Obamacare, but our employer-sponsored health insurance system is the elephant in the room.

In Washington, the debate largely centers on the level of assistance the federal government should provide to the millions of people under age 65 who don’t get insurance at work. Most Western nations offer universal health coverage.

The window is closing on Blue Apron’s IPO. The do-it-yourself meal-kit delivery service is going public tomorrow. Today they cut the initial price target for their shares by about a third. That puts the company’s valuation below the estimated $2.2 billion valuation in their last round of private venture capital funding. There are no inside investors in the IPO, so it’s not a case of the owners cashing out. So why IPO at all? 

Click the audio player above to hear the full story.

GettyImages-621678752_0.jpg
Kai Ryssdal

It's Day Two of a cyber attack that's so far hit shipping companies, law firms and pharmaceutical conglomerates. Companies worldwide are still recovering, and cybersecurity experts are still trying to figure out exactly what’s going on. The one thing that companies, cybersecurity analysts and journalists seem to agree on is that it’s bad. Nicole Perlroth covers cybersecurity for the New York Times. She talked with Marketplace host Kai Ryssdal about what’s concerning about the most recent global cyber attack.

GettyImages-695719204.jpg
Olga Oksman

Already struggling under the weight of past corruption scandals, FIFA is once again in the news over ethics violations. A report, commissioned by the belabored soccer ruling body in 2014 has leaked to the German press, prompting FIFA to release the full text

How Trump's political drama could hurt the economy

15 hours ago
GettyImages-699484638.jpg
Adrienne Hill

Uncertainty. That's got to be how you would describe the feeling coming out of Washington these days.

There is plenty of policy uncertainty: health care legislation, tax reform, the debt ceiling. There is also political uncertainty: congressional investigations, special prosecutors, lawsuits, even calls for impeachment.

The stock market is, so far, relatively unbothered by all the drama.

But there are potential economic costs to all the muss and bluster.

GettyImages-657748680.jpg
Emma Jacobs

On a recent Sunday in spring, 50 families sat down with law students and volunteer attorneys in a Catholic school basement in Camden, New Jersey. Together, they filled out forms designating friends or family members to take care of the children if U.S. Immigration and Customs Enforcement removes their parents.

06/28/17: Another global ransomware attack

18 hours ago

A malware attack that started yesterday in Ukraine has spread to more than 60 countries. Companies including Russian oil giant Rosneft, Danish shipping firm Maersk and Ukrainian government agencies have been hit. Ransomware victims are prompted to pay $300 in bitcoin to get the key to unlock their data. Also on today's update, Monsanto released better-than-expected earnings this morning. The agricultural giant has enjoyed solid growth over the first half of the year, despite pushback on its use of chemicals linked to cancer.  

 

Millennials of color are worse off financially

23 hours ago
visa_cards.jpg
David Brancaccio and Jana Kasperkevic

One of the main reasons why millennials — those 18 to 34 years old — hate the term “millennial” is because it is often used to make blanket statements about their generation. Millennials are the largest and most diverse generation of Americans, with about 19 percent of them identifying as Latino or Hispanic, 13 percent as black or African-American and six percent as Asian-American.

06/28/17: Another month, another malware attack

Jun 28, 2017
GettyImages-107793027.jpg
Marketplace

A ransomware attack hit servers around the world yesterday. The infected computers displayed a message in red type over a black screen that read, "Oops, your important files are encrypted," demanding a $300 bitcoin ransom from users to recover the data. This comes just one month after the WannaCry ransomware attack that affected more than 150 countries in May. We talk to Chester Wisniewski of the cybersecurity firm Sophos about this attack. Also on today's show: It's been 10 years since the first iPhone shipped out.

Why this ransomware attack is more alarming than the last

Jun 28, 2017
GettyImages-107793027.jpg
Marketplace

A ransomware attack hit servers around the world yesterday. The infected computers displayed a message in red type over a black screen that read, "Oops, your important files are encrypted," demanding a $300 bitcoin ransom from users to recover the data. Attacks were first reported early Tuesday morning in Ukraine, where banks, an airport and the metro system, among other systems, were affected. It quickly spread to other European countries and the U.S. Some say the current attack is a variant of Petya, malware that has the ability to quickly spread over networks.

Want to understand Russia's economy? Try reading Tolstoy.

Jun 28, 2017

Economics is fundamentally the study of human behavior. Yes, it's steeped in equations and math, but some argue it's equally based on philosophy and the arts. A new book by Morton Schapiro and Gary Saul Morson looks at what insight economists can gain from reading classic literature. 

Foreign earnings bolster Monsanto results

Jun 28, 2017

Monsanto's earning reports beat expectations today. The agricultural giant has enjoyed solid growth over the first half of the year, with operating earnings up more than 50 percent year on year. The company’s planned acquisition by German agricultural giant Bayer is also on investors’ minds. 

Click the audio player above to hear the full story.

On Tuesday the Department of Labor got closer to dismantling an Obama-era overtime regulation that has been in limbo for months and would make millions of Americans eligible for additional pay. The department sent a formal request for information on the rule to the Office of Management and Budget.

The rise of ride-sharing apps has been tough for old-school rental car agencies. Who wants to pay for a car and parking when a couple of rides might be cheaper? But this week some rental car companies are getting a boost from partnerships with tech firms. Google's Waymo announced a deal with Avis Budget Group to manage a fleet of self-driving minivans in Phoenix. Soon after, Bloomberg reported another deal between Apple and Hertz. So what’s in it for both sides in these partnerships?

You thought your commute was bad? More than 30 New York City subway riders got hurt this morning after two cars derailed, scraped the side of the subway tunnel and came to a stop. Delays spread throughout the system. It’s the kind of hang-up New Yorkers are sadly accustomed to, with about 70,000 subway delays per month. The 113-year-old system needs billions of dollars in upgrades, but no expanded funding mechanism is in sight from the state of New York. 

Click the audio player above to hear the full story.

2_maquila_lorne_matalon%20main%20resize.jpg
Lorne Matalon

"Maquilas," the mostly American-owned factories that line the Mexican side of the border with the U.S., have been looking forward to the prospect of change since the election of President Trump.

GettyImages-495460879.jpg
Kai Ryssdal

There was a study out this week from the University of Washington and the National Bureau of Economic Research that's raising some questions about how to frame minimum wage increases in this country.

Mark Long is a professor of public policy at the University of Washington and co-authored a study that looked at what happened when the city of Seattle started implementing minimum wage increases.

Massive ransomware attack in Europe all but promises more to come

Jun 27, 2017
GettyImages-623803714.jpg
Kai Ryssdal and Molly Wood

Today in world cyber news, two major developments on the other side of the pond: the European Commission rules to fine Google 2.42 billion euros for antitrust violations, and another ransomware attack shakes Europe.

Signs of American military life are everywhere in the cramped Tijuana apartment: a US flag hangs on the wall, Army patches cover a camouflaged backpack and photos of uniformed men line a shelf.

"It was very difficult to transition, the first couple months," said Hector Barajas, a former US Army paratrooper, who was deported to Mexico in 2010 and calls the apartment home.

Happy Birthday, ATMs!

Jun 27, 2017
7_enfield_1__se_vol_42_p326__720.jpg
Marielle Segarra

From the entrance of Chase Bank's World Trade Center branch in Manhattan, you can't see any teller windows. They're tucked around a corner, sometimes covered up by a remote-controlled curtain.

Instead, you're greeted by a row of ATMs.

"This is the branch of the future," said Weston Guy, the branch manager. 

The ATM screens look like really big iPads standing upright on kiosks. And they let you do things a lot of other ATMs don't — like pay your credit card bill, get five dollar bills or withdraw several thousand dollars.

Are gunslingers making a comeback thanks to open carry?

Jun 27, 2017
GettyImages-503101328.jpg
Jana Kasperkevic

This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands?  What do you wonder?

GettyImages-519110246_0.jpg
Marketplace Weekend Staff

This July 1, Maryland, Oregon, Los Angeles and Washington D.C., are raising the minimum wage.

The nation's capital will still have the highest minimum wage in the U.S. It's going up to $12.50-an-hour. Meanwhile, the debate is raging around $15 minimum wages in cities like Seattle, Washington.

06/27/17: Too much Google?

Jun 27, 2017

The European Comission imposed $2.72 billion fine on internet giant Google on Tuesday for breaching antitrust rules with its online shopping service, claiming that the company "abused its market dominance as a search engine." Also on today's show: A look at home health monitoring devices that improve care and cut costs for chronically ill patients.

 

What corporate bankruptcy can teach us about morality

Jun 27, 2017
GettyImages-78242620.jpg
David Brancaccio

Does the world of finance and markets needs a good infusion of humanity? One book examines how how a wider reading of the humanities can help you understand finance and at the same time how finance can help you understand the human condition. It’s by economist and Harvard Business School professor Mihir Desai.

How do Uber drivers feel now that Travis Kalanick is gone?

Jun 27, 2017
travisuber.jpg
Bruce Johnson and Kristin Schwab

Uber's company culture could change with the departure of CEO Travis Kalanick. But it's unclear if its rider culture already has. Kalanick's resignation and Uber's continued investment in self-driving cars will bring significant shifts to the industry, impacting how passengers hail a ride.

EU fines Google a record 2.42 billion euros

Jun 27, 2017
GettyImages-801866236.jpg
Associated Press

BRUSSELS (AP) — The European Union's competition watchdog slapped a record 2.42 billion euro — $2.72 billion — fine on internet giant Google on Tuesday for breaching antitrust rules with its online shopping service.

European regulators said "Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.''

6/27/17: Profile picture thieves

Jun 27, 2017
GettyImages-696041456.jpg
Marketplace

Profile hackers are stealing the photos and other profile information from a high rate of female Facebook users in India. To combat this issue, Facebook has built a tool that makes it harder to download or screenshot a person's profile picture. We talk to Ankita Rao from Motherboard who has been following this story. Plus: A check-in on rideshare drivers. After a lot of drama at Uber in the past couple of weeks and changes to the company's tipping policy, we ask how drivers are feeling right now. 

06/27/2017: Where finance meets humanity

Jun 27, 2017
GettyImages-89128981.jpg
Marketplace

Here's a thought: What if a wider reading of the humanities can help you understand finance? We talk to Harvard Business School Professor and economist Mihir Desai who wrote a book about just that, called "The Wisdom of Finance: Discovering Humanity in the World of Risk and Return." Also on today's show: A record week for IPOs. Ten companies are expected to go public this week, making it the busiest week for IPOs in two years. 

High school students feel disengaged in the classroom

Jun 27, 2017

Most of us who went to school in this country grew up with a “comprehensive high school” — that is, a school that seeks to educate large numbers of students under a single roof. Now, a new survey by the Fordham Institute shows this approach might be creating students who are less engaged with what they are learning.

Click the audio player above to hear the full story.

Pages