Economy

Settlement: Uber and Lyft drivers in New York will get $328 million in back pay

5:11am November 03, 2023

by A Martínez

Uber and Lyft will pay to settle allegations they short-changed drivers. The $290 million from Uber and $38 million from Lyft will go to drivers for Uber from 2014 to 2017 and Lyft from 2015 to 2017.

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Sam Bankman-Fried leaves a Manhattan federal court in New York City on Jan. 3, 2023.

Economy

Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse

10:21pm November 02, 2023

by David Gura

The conviction marks a spectacular fall from grace for a once shining star in finance. He faces decades in prison.

Kayce Atencio, who has been shadowed by medical debt for most of his adult life, had been unable to rent an apartment because of poor credit due to medical debt, he said. Recent reporting changes by credit rating agencies have removed many debts from consumer credit reports and lifted scores for millions, a new study finds.

As some medical debt disappears from Americans' credit reports, scores are rising

11:33am November 02, 2023

by Noam Levey

Credit rating agencies have removed small unpaid medical bills from consumer credit, and some people are seeing their credit scores improve, a new study finds.

The Fed kept interest rates steady on Wednesday for a second consecutive meeting but will continue to monitor the economy. Fed Chair Jerome Powell (pictured) left the door open for another rate hike if required.

Economy

The Fed held interest rates steady — but the fight against inflation is not over yet

6:15pm November 01, 2023

by Scott Horsley

The Federal Reserve left interest rates unchanged Wednesday, but left the door open to additional rate hikes in the future, if necessary, to curb inflation.

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Economy

The Fed is not ready to declare victory in its long-running battle against inflation

5:11am November 01, 2023

by Scott Horsley

The Federal Reserve is expected to hold interest rates steady on Wednesday. But with inflation still elevated, policymakers may leave the door open to an additional rate hike in the future.

An economic mystery at the all-you-can-eat buffet

10:36pm October 31, 2023

All-you-can-eat buffets highlight an economic idea known as the flat rate pricing bias. To explain how it works, our Planet Money team went to the buffet capital of America: Las Vegas.

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Toyota more than doubles investment and job creation at North Carolina battery plant

12:21pm October 31, 2023

by Hannah Schoenbaum, Associated Press/Report for America

Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it's constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday.

A new book tells the life story of screen-and-song legend Lena Horne

5:11am October 31, 2023

NPR's Michel Martin talks to Donald Bogle about his book Lena Horne: Goddess Reclaimed. She was a pioneering star of stage and screen in the 1940s, at a time when Hollywood was loathe to show either.

Economy

UAW president calls tentative deals with Ford and Stellantis big wins

5:09am October 30, 2023

by Camila Domonoske

Over the weekend, the strike against General Motors expanded to a huge engine plant in Springhill, Tenn. Workers at Ford and Stellantis are returning to their jobs after tentative deals.

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Striking St. Lawrence Seaway workers picket outside the St. Lambert Lock in St. Lambert, Quebec, Monday, Oct. 23, 2023.

Canadian workers reach deal to end strike that shut down Great Lakes shipping artery

1:33am October 30, 2023

by The Associated Press

A deal was reached Sunday to end a week-long strike that had shut down a major shipping artery in the Great Lakes, halting the flow of grain and other goods from the U.S. and Canada.