Business news

Apple Plans To Create 20,000 Jobs And Build New Campus

Jan 18, 2018

Apple announced in a statement on Wednesday that it plans to accelerate U.S. investment and create thousands of new jobs.

For years Apple Inc. has been criticized for outsourcing manufacturing to China.

Apple says it plans to bring back billions of dollars it has kept in tax havens overseas, and that it will pay a one-time tax of $38 billion on its overseas cash holdings.

Aurora, a startup company led by three veterans of Google, Tesla, and Uber, has signed deals with both Volkswagen and Hyundai with the goal of putting autonomous vehicle technology on the market within three years — and doing so "quickly, broadly and safely."

The partnerships will pair Aurora's sensors and software — its machine learning and artificial intelligence technology — with two companies that together produce more than 15 million vehicles each year.

Self-driving Hyundai models will be on the market by 2021, the company says.

Tesla founder Elon Musk says his company will build an electric pickup truck, feeding interest among the entrepreneur's fans and sparking speculation about when it might be produced. Tesla is still working to get several vehicles to market, including its Roadster and Semi.

Musk made the remark on Twitter, responding to a request for a pickup truck by saying, "I promise that we will make a pickup truck right after Model Y."

Noel King talks to Larry Lieberman of the organization Charity Navigator, who explains why the increase to the standard deduction could cause a drop in charitable giving.

California regulators say Nestle may have to stop collecting a large portion of the water it bottles from the San Bernardino National Forest, because it lacks the legal permits for millions of gallons of water. Nestle sells the water under the Arrowhead label.

The State Water Board says that of the 62.6 million gallons of water that Nestle says it extracted from the San Bernardino spring each year on average from 1947 to 2015, the company may only have a right to some 8.5 million gallons. Those numbers come from a nearly two-year investigation.

We live in an age when most of us expect that when we summon a ride with our smartphone, the driver is usually a young person picking you up in their personal car. That’s certainly the case in Washington, where the number of active taxi drivers has dropped to about 5,000 from its height of 6,500. Meanwhile, there are tens of thousands of Uber and Lyft drivers on the D.C. region’s roads. But there’s still a group of longtime taxi drivers doing it the old way in nation’s capital.

We've secured our satellite. And while that's pretty cool, we're not quite there yet. We need a rocket. That used to require a having a space agency, like NASA. We don't have a space agency at NPR. But luckily for us, space is a business now, with commercial operators vying for customers. And space companies are actually battling for our business. They want to be the company that takes us to the stars.

The family of a 19-year-old food delivery worker was not eligible for any kind of worker's compensation last month after their son was struck and killed by a dump truck.

Power Pinch

Dec 5, 2017

At Planet Money, we love big projects. We bought a toxic asset. We made a T-shirt. We're trying to launch a satellite into space. Doing this stuff means we can't always keep up with the news as much as we'd like. So we're launching a new show. It's the Indicator: Planet Money's quick take on a number, or a term, or a story in the news.

Part 2 of the TED Radio Hour episode Transparency.

About Ray Dalio's TED Talk

Entrepreneur Ray Dalio would want somebody to tell him if he's about to make a mistake. So in his company, even the most junior employees are expected to give him--the boss--critical, honest feedback.

About Ray Dalio

Part 1 of the TED Radio Hour episode Transparency.

About David Burkus's TED Talk

How much money you make is a taboo subject. But business writer David Burkus says you should know how much your coworkers are paid. It can improve your job satisfaction--even reduce pay inequality.

About David Burkus

Going to space used to be the playground of governments, but now rockets and satellites are becoming so small and so cheap that even a podcast can launch a space mission. So that's just what Planet Money did!

Craft breweries might be about to crack open a celebratory cold one.

Under the Senate tax bill, alcohol producers would save $4.2 billion from 2018 to 2019, according to Congress' Joint Committee on Taxation.

The measure would help small-brewery owners like Kevin Sharpe, the founder and president of Dark City Brewing Co. He hopes to use the extra money to expand his business in Asbury Park, N.J.

"More money means better beer, and hopefully more of it," he said.

Planet Money Goes To Space

Dec 2, 2017

Space is easier to get to than ever and it will change life on earth. Private companies are pouring billions of dollars into tiny satellites, new rockets, and gathering information on earth from above. To see how it all works, we are getting in on the action ourselves.

We adopt an adorable satellite, go rocket shopping, and try to figure out how to turn our little piece of the new space race into a profit.

Scroll down for our audio episodes, photos from our satellite, and to see where it is right this exact minute.

Episode 1: We're Going To Space

There is no need to charter a sleigh pulled by reindeer for your air travel to holiday destinations after all. American Airlines and its pilots have worked out a deal to staff cockpits in late December after a scheduling snafu threatened to cancel thousands of flights.

Because of what the airline is calling "a processing error" in its scheduling system, American mistakenly allowed many more pilots to take time off over the holidays than it should have.

There's more than cars at an auto show.

Auto shows are not only a place for consumers but for vendors, executives, reporters, activists, investors and consumers. They are more like conventions. With 10,000 parts on a car, that means a lot of vendors.

Last year we started to look into the satellite business. It used to be that satellites were the size of a school bus and cost a half billion dollars. But the space business is changing. Private companies are competing to get tiny satellites into orbit, driving the cost down. Commercial rockets are launching around the world, carrying satellites for universities, and farmers, and oil traders.

So we, thought, what about podcasts? Who speaks for them? Why can't they go, too? Today on the show, we go looking for our own satellite.

Amazon Brings Echo Voice Assistant To India

Nov 28, 2017

Amazon released its Echo smart speaker in India this month, making it the fourth country where the product is sold. The voice assistant, referred to as “Alexa,” speaks in a combination of English and Hindi and its search results are catered to an Indian consumer base.

What's Behind Bitcoin's Surge?

Nov 28, 2017

Despite many analysts seeing bitcoin as a bubble, the cryptocurrency continues to rally — hitting over $9,500 on Monday.

Here & Now‘s Jeremy Hobson speaks with The Atlantic’s Derek Thompson (@DKThomp) about why bitcoin’s price keeps going up, whether people actually use it and what banks are saying about it.

If you read a newspaper on Sunday, there's a good chance you came across a full-page ad warning of the dangers of smoking.

The stark messages with black text on an otherwise blank page tell readers that cigarettes kill 1,200 Americans every day. The same messages start to run Monday evening on prime time television.

Americans have long expressed their political views with their wallets, but in recent months, this phenomenon has made national news. A campaign called #grabyourwallet has targeted brands affiliated with Donald Trump.

FCC To Roll Back Net Neutrality Rules

Nov 21, 2017

Ajit Pai, chairman of the Federal Communications Commission, announced Tuesday that the agency will repeal net neutrality rules put in place by the Obama administration. The change is seen as a victory for the telecommunications industry, while tech companies are largely in favor of keeping net neutrality.

Here & Now‘s Robin Young speaks with Tony Romm (@TonyRomm), senior editor of policy and politics for Recode.

Cities like San Jose, Seattle, Boston and Las Vegas have seen big growth in home prices over the past year. But Chicago — one of America’s biggest metro areas — continues to see much slower growth.

Here & Now‘s Peter O’Dowd (@odowdpeter) went on a tour of the housing market with Chicago realtors.

DOJ Moves To Block AT&T-Time Warner Merger

Nov 21, 2017

The Justice Department has filed a lawsuit to block the proposed $85 billion merger of AT&T and Time Warner. It’s an unusual move, complicated by President Trump’s ongoing conflict with CNN, owned by Time Warner.

Here & Now‘s Peter O’Dowd talks with MSNBC’s Ali Velshi (@AliVelshi).

'Tis The Season For Holiday Jobs

Nov 21, 2017

Cyber shopping is not only changing the way consumers make purchases — it’s also providing more seasonal jobs.

Here & Now‘s Robin Young speaks with Andrew Challenger (@AndyChallengeHR), vice president of Challenger, Gray & Christmas, an outplacement and career transitioning firm, about the seasonal job market.

Organic food is a $40 billion industry and growing. That has the attention of some farmers discouraged by years of low prices for their conventional crops.

Harvest Public Media’s Grant Gerlock (@ggerlock) has the story of a Nebraska farm making the switch to tap into the lucrative organic market.

While PayPal still leads the way in the mobile payment industry, tech giants like Apple and Amazon are trying to get a bigger share of the pie.

The Wall Street Journal’s Emily Glazer (@EmilyGlazerWSJ) joins Here & Now‘s Jeremy Hobson to explain.

Republican lawmakers are pushing forward versions of their federal tax system overhaul. A Senate tax committee will hammer out details of one plan on Monday and the House will vote on a similar bill as soon as Thursday. One point of contention is how to address the estate tax, which applies to inheritances of more than $5.5 million.

General Electric announced Monday morning it’s cutting its dividend in half and restructuring its business model.

Michael Regan (@Reganonymous) of Bloomberg News joins Here & Now‘s Jeremy Hobson to discuss how the company will refocus its core businesses.

Trump Pushes 'America First' Trade In Asia

Nov 13, 2017

President Trump addressed regional leaders Friday at the Asia-Pacific Economic Cooperation summit in Danang, Vietnam, saying that his administration will not tolerate trade “violations, cheating, or economic aggression” from other countries.

NPR’s Anthony Kuhn (@akuhnNPRnews) joins Here & Now‘s Jeremy Hobson with the latest.