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Updated: 1 hour 42 min ago

Alibaba, China's E-Commerce Giant, Made More Than $25 Billion On Single's Day

Mon, 11/13/2017 - 3:57pm

The Chinese company Alibaba just celebrated Single's Day, a sale that this year racked in more than $25 billion. That dwarfs Black Friday and Cyber Monday sales in the United States.

Sean Hannity's Losing Advertisers After Showing Support For Roy Moore

Mon, 11/13/2017 - 3:57pm

Sean Hannity is getting increasingly lonely in his defense of Roy Moore after accusations that the Senate candidate initiated sexual contact with a 14-year-old girl in 1979. Critics are calling for a boycott of Hannity — with some success.

Radhika Jones Tapped To Be New Editor-In-Chief Of 'Vanity Fair'

Mon, 11/13/2017 - 3:23pm

Jones, editorial director of books at The New York Times, will become the magazine's fifth editor-in-chief since its modern revival — and just its second in the past quarter-century.

(Image credit: Larry Busacca/Getty Images for TIME)

Security Firm Says Extremely Creepy Mask Cracks iPhone X's Face ID

Mon, 11/13/2017 - 1:26pm

A video shows the Vietnam-based Bkav apparently bypassing the feature. Apple has touted the function as secure since it was unveiled in September.

(Image credit: Justin Sullivan/Getty Images)

Trump In Asia: A 'Rebalance' Toward Trade

Mon, 11/13/2017 - 11:48am

The Trump administration's engagement with Asia has matched the Obama administration's. What's changed are the priorities: elevating commercial issues to equal or higher priority than security issues.

(Image credit: Manan Vatsyayana/AFP/Getty Images)

Is A Corporate Tax Cut Really What The Economy Needs Right Now?

Mon, 11/13/2017 - 3:44am

Supporters of the tax cut say it will lead to more hiring and faster growth. But the evidence isn't so clear-cut.

(Image credit: J. Scott Applewhite/AP)

Making Sense Of The Paradise Papers Dump And Its Ties To The Trump Administration

Sun, 11/12/2017 - 4:51pm

The Paradise Papers dump revealed the extent to which the wealthy hide their assets from the government through offshore tax havens. Michael Montgomery of the Center for Investigative Reporting is one of hundreds of journalists poring over the papers.

Robert Reich Shows Off His Cartooning Skills in 'Economics in Wonderland'

Sun, 11/12/2017 - 6:00am

"Economic concepts don't readily lend themselves to cartoons," says the former Secretary of Labor, a talented cartoonist who's put a lot of thought into drawing abstract ideas like tax expenditures.

(Image credit: )

After Fires, California Wine Country Wants Tourists Back

Sat, 11/11/2017 - 4:42pm

Tasting rooms have been nearly empty when normally they'd be packed.

(Image credit: Justin Sullivan/Getty Images)

Trump Talks 'America First' In Asia

Sat, 11/11/2017 - 7:07am

NPR's Scott Simon talks with Wendy Cutler, a former U.S. trade representative, about President Trump's "America first" speech at the Asia-Pacific Economic Cooperation forum in Vietnam.

The Startup That's Helping Bring Bikes Back To China's Streets

Sat, 11/11/2017 - 6:57am

MoBike, China's first bike-share company, is worth $3 billion. "I personally like riding bicycles," says the company's 35-year-old president Hu Weiwei. "I was thinking, 'How can I bring bikes back?'"

(Image credit: Mark Schiefelbein/AP for NPR)

German Consumers Fight Automakers For Compensation In Emissions Scandal

Fri, 11/10/2017 - 3:31pm

German automakers are under fire again, this time from European owners of vehicles linked to the diesel emissions scandal who, unlike American owners, have gotten no compensation.

How The Boom-Bust Oil Cycle Is Playing Out In North Dakota

Fri, 11/10/2017 - 3:31pm

The shale oil boom attracted thousands of oil workers to North Dakota, sending the population of some small towns soaring. In response, communities built up infrastructure projects — new wastewater facilities, schools, etc. But now they're facing hundreds of millions of dollars of debt that will take decades to pay off, not to mention continued uncertainty over whether they've built too much as they watch the boom-bust cycle of the oil patch.

GOP Tax Cuts Expected to Push Up Nation's Debt

Fri, 11/10/2017 - 3:31pm

Both tax proposals in the House and the Senate would add about $1.5 trillion to the nation's deficit over the next 10 years. That's a big concern for many economists and some lawmakers.

(Image credit: J. Scott Applewhite/AP)

Chinese Firm Buying Lip-Sync App Musical.ly For Up To $1 Billion

Fri, 11/10/2017 - 1:38pm

The teen-oriented app has had exponential growth since its 2014 launch — much like Bytedance, the Chinese tech company set to acquire it.

(Image credit: Bloomberg/Bloomberg via Getty Images)

Study Backs Getting Driverless Cars On The Road, As Waymo Ditches Backup Drivers

Fri, 11/10/2017 - 10:48am

A research report says more lives will be saved by putting autonomous cars on the road sooner rather than later, even if they're not perfect. Waymo deployed some in Arizona — without backup drivers.

(Image credit: Julia Wang/Waymo via AP)

Uber Loses Appeal In U.K. As Tribunal Reiterates That Drivers Are Workers

Fri, 11/10/2017 - 9:58am

The ride-hailing giant maintains that drivers are self-employed and don't have a right to a minimum wage, but British authorities rejected the argument. Uber plans to appeal again.

(Image credit: Ben Fathers/AFP/Getty Images)

Oil Companies Dig Deep To Attract And Retain Minority Workers

Fri, 11/10/2017 - 4:02am

Oil and gas companies are struggling to replace an aging work force with a more diverse generation of workers. But a history of racism and sexism makes that difficult.

Trump Talks Tough On Trade At Summit In Vietnam

Fri, 11/10/2017 - 3:37am

In a speech that sounded at times like an airing of economic grievances, the president told APEC member nations that the U.S. will no longer tolerate unfair trade practices.

(Image credit: Andrew Harnik/AP)

Bruce Springsteen On Broadway Comes With An Economics Lesson

Thu, 11/09/2017 - 3:49pm

The hottest ticket on Broadway is for a one-of-a-kind, one-man-show. For a limited time, Bruce Springsteen is playing songs and telling stories in a 960-seat theatre. And those lucky fans are now learning a valuable, Nobel Prize Winning economics lesson. Something called: The Endowment Effect.

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