Economy

Auto Parts Manufacturers Are Hurt By Tariffs, Rising Metal Prices

7:30am June 13, 2018

by Dustin Dwyer

The Trump administration says its tariffs on steel and aluminum are about protecting American industries and jobs. The auto parts industry is feeling the pinch of tariffs and metal prices.

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An analysis by the Congressional Budget Office released Tuesday found that ending cost-sharing reduction payments to insurers, a move that President Trump is contemplating, would raise the deficit by $194 billion over 10 years.

Economy

CBO vs. POTUS

4:53pm June 12, 2018

The Congressional Budget Office has a long history of disputes with the White House, including the current administration. But the first-ever director of the CBO says this time is different.

Trade Tensions And Threat Of Tariffs Has Led To Lots Of Uncertainty

4:39pm June 12, 2018

by John Ydstie

The Trump administration's mixed signals on implementing tariffs is causing uncertainty for many businesses whose costs could rise if tariffs are imposed. Delaying decisions about hiring and signing contracts could hurt not only the individual businesses, but the economy as a whole.

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Spirit Airlines Comes To Piedmont Triad International Airport

4:26pm June 12, 2018

by Bethany Chafin

Piedmont Triad International Airport is welcoming a new carrier.

Economy

Company To Close North Carolina Plant, Eliminating 63 Jobs

11:45am June 12, 2018

by Associated Press

A North Carolina company says it will close a textile plant later this month. This will mean the loss of 63 jobs in Yadkin County.

Public Housing Crisis Threatens Illinois River Town's Existence

5:10am June 12, 2018

by Kirk Siegler

The fast-depopulating river town of Cairo in rural southern Illinois battles to stay viable. Residents say the federal government tried to push people out, rather than focus on reviving the economy.

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Canada's Dairy Prices Have Become A Contentious Issue With U.S. Leaders

5:19pm June 11, 2018

by Jim Zarroli

President Trump laid into Canada over its tariffs on dairy imports at the G-7 meeting. Canada does have high duties on some dairy products. But damaging the U.S.-Canada relationship over dairy seems especially unwise to critics of the president's trade policies

Cameroonian kids were part of an experiment based on the classic "marshmallow test": Put a single treat before a child but tell the child if he or she waits, say, 10 minutes, a second treat will be given.

Economy

Let Them Eat Marshmallows

3:42pm June 11, 2018

The marshmallow test is one of the most famous social experiments of all time, but we may be thinking about it all wrong.

Nearly three out of 10 online shoppers have taken the plunge to buy an item that costs $1,000 or more. Men are twice as likely as women to press click and buy a big-ticket item, according to a new NPR/Marist poll.

Online Big Spenders Tend To Be Men, NPR/Marist Poll Shows

2:45pm June 11, 2018

by Uri Berliner

Nearly 3 out of 10 online shoppers have taken the plunge to buy an item that costs $1,000 or more. Men are twice as likely as women to buy a big ticket item online, according to a new NPR/Marist poll.

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Led by a drop in bitcoin's price, the value of cryptocurrencies fell by more than $40 billion over the weekend and into Monday. Here, a sign advertises a Bitcoin ATM in Toronto, Canada, last summer.

Cryptocurrencies Lose Billions In Value After An Exchange Is Hacked

2:30pm June 11, 2018

by Bill Chappell

A hack in South Korea added to uncertainties in the virtual currency market, which saw a loss of well over $40 billion in cryptocurrencies' overall value.