Economy

Tesla's Model Y is on display at a Tesla showroom in a shopping mall in Beijing on April 29, 2022. The electric car maker cut prices for its models in a bid to boost sales.

Economy

Tesla slashes prices across all its models in a bid to boost sales

2:28pm January 13, 2023

by Camila Domonoske

The price cuts will make Tesla more competitive and will also mean the base model of the Model Y, the best-selling electric vehicle in America, could qualify for a revamped federal tax credit.

Lottery jackpots are soaring past the billion-dollar mark more frequently, thanks to higher interest rates and several rules changes. Here, a ticket machine displays the projected jackpot for a Mega Millions drawing in Chicago, in early January.

Huge jackpots are less rare — and 4 other things to know about the lottery

10:51am January 13, 2023

by Bill Chappell

What would you do with a $1 billion payday? If you're hearing that question more these days, it's because huge jackpots like the Mega Millions aren't as rare as they once were.

Economy

Prices seem to be easing. Is it enough for the Fed to stop raising interest rates?

5:14am January 13, 2023

NPR's Michel Martin speaks with Treasury Secretary Janel Yellen about the latest inflation data and the state of the U.S. economy.

A Mega Millions customer purchases her tickets for the estimated jackpot of $1.1 Billion at the Fuel On Convenience Store in Pittsburgh, Monday, Jan. 9, 2023. Twenty-four consecutive drawings later with no grand prize winner named, the Mega Millions jackpot is now over $1 billion, making it one of the largest jackpots in lottery history. The next drawing is Friday.

Here's where your money goes when you buy a ticket from a state-run lottery

10:00pm January 12, 2023

by Jonathan Franklin

The Mega Millions' estimated jackpot has increased to a total of $1.35 billion — the second-largest jackpot in the game's history, officials say.

Economy

It's a complicated picture when you look at the latest inflation numbers

3:57pm January 12, 2023

by Scott Horsley

Inflation cooled a bit last month as gas prices fell sharply and the price of new cars declined for the first time in nearly two years. Overall prices are still climbing much faster, however.

A Target customer looks at a display of board games while shopping at Target store in San Francisco, Calif. Inflation continues to ease, even if many people many not feel that way in their daily lives.

Economy

Inflation is easing, even if it may not feel that way

10:06am January 12, 2023

by Scott Horsley

Annual inflation continued to ease, cooling to 6.5% in December, but prices are still climbing at a rapid rate, meaning people have to work longer and harder to keep the same standard of living.

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Economy

Goldman Sachs announces the largest round of layoffs since 2008's financial crisis

5:09am January 12, 2023

Goldman Sachs, one of the most venerable banks on Wall Street, has announced it is laying off as many as 3,200 employees — as the bank tries to navigate a challenging economic environment.

With nowhere else to go, some Massachusetts families are sleeping in the ER

5:27pm January 11, 2023

by Gabrielle Emanuel

In Massachusetts, dozens of homeless people spend each night in emergency rooms even though they are not sick. The state guarantees a right to shelter, yet these people have nowhere else to go.

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This illustration picture shows debit and credit cards arranged on a desk on April 6, 2020 in Arlington, Va. Americans are using their credit cards more to pay for everyday expenses at a time when interest rates are rising.

Economy

Americans are piling up credit card debt — and it could prove very costly

10:31am January 11, 2023

by Scott Horsley

More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.

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University of California grad students got a wage bump. But for many, it's not enough

5:59pm January 10, 2023

by Danielle Kaye

Recent union-won wage increases for grad students at the University of California will help them make ends meet. But for many, it's not enough given the high cost of living in the state.

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