Economy & Business

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Let’s say you want to sell your house. You could go the traditional route — fix it up, stage it and endure looky-loos traipsing through your door until you get a good offer. Or you can now request an instant offer from a growing number of companies, known as iBuyers, and sell within a few days. Those companies then take on the work of preparing, listing and selling the house to someone else.

"Green shoots": the sign of economic improvement

4 hours ago

As we enter the thick of spring, analysts say they are starting to see "green shoots" in the economy. 

We might not be headed for recession after all

5 hours ago

Economic analysts have long warned that a recession may be on the horizon, but positive showings in retail and the stock market have some experts second-guessing that prediction. Today, we try and figure out where the economy might be headed. Plus: Why one company is fighting for more regulations and the rise of temps in the C-suite.

The U.S. economy is booming. We've seen sustained low unemployment rates, wages are climbing, and thousands of new jobs being added to the economy every month. The headline numbers focusing on the labor market seem great, and they are.

Temps at the top

5 hours ago

Right now, the Trump administration has acting heads at the Defense Department, Homeland Security, the Small Business Administration, and the Office of Management and Budget. By the time you finish reading this story, there could be more. And that’s just the way President Trump likes it, as he told CBS’s "Face the Nation" in February.

“I like 'acting' because I can move so quickly," he said. "It gives me more flexibility.”

The Federal Aviation Administration has certified Alphabet's Wing Aviation to operate as an airline, in a first for U.S. drone delivery companies. Wing, which began as a Google X project, has been testing its autonomous drones in southwest Virginia and elsewhere.

More young people are leaning into the rental or sharing economy — owning less of everything and renting and sharing a whole lot more. Housing, cars, music, workspaces. In some places, such as Los Angeles, this rental life has gone to an extreme.

Steven T. Johnson, 27, works in social media advertising and lives in Hollywood. He spends most of his days using things he does not own.

He takes a ride-share service to get to the gym; he does not own a car. At the gym, he rents a locker. He uses the gym's laundry service because he does not own a washing machine.

On Tuesday, the Supreme Court will hear arguments on whether the 2020 census should include a citizenship question. Critics say the question creates bias and could lead to reduced participation in the 10-year survey. What does this mean for federal spending related to the census? And how does a question land on the census, anyway?

Cocktail developers mix it up at the Kentucky Derby

12 hours ago

Mint juleps — a cocktail made with bourbon, mint and simple syrup — are a popular offering at the annual Kentucky Derby; more than 120,000 are sold trackside each year. But the Derby isn’t the only horse race held at Churchill Downs during the first week in May, and race organizers have developed other specialty cocktails to be sold during those races, including the "Oaks Lily" and the “Thurby” old-fashioned. 

We've been hearing about an imminent economic downturn for a while now, but will the forthcoming first quarter GDP numbers confirm some of those fears? Samsung is in damage control after reviewers break its $2,000, folding-screen phone ahead of its big release. Plus, the famed mint julep isn't the only cocktail being slung at this year's Kentucky Derby.

Today's show is sponsored by the Alliance for Lifetime IncomeBitSight Technologies and Wordpress.

The U.S. Census Bureau reports new data on home sales Tuesday morning. Homebuilders are facing a lot of headwinds as we head deeper into the spring season, including rising construction costs, labor shortages and too few buyers who can afford new homes.

 

On the steps of New York City's City Hall last week, about 100 people gathered to enthusiastically chant their support for a landmark climate bill.

It didn't target cars or coal, but another major emitter — in fact, the source of nearly 70% of New York City's greenhouse gas emissions. It's a sector that dominates New York's skyline, but has largely managed to dodge the spotlight when it comes to climate change.

"Dirty buildings," they shouted, "have got to go!"

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When does a minimum wage become too high?

14 hours ago

Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here.

Social Security is predicted to run out a year later than previously forecast. It's home-buying season, and home-building numbers are just OK. Plus, ahead of the Rx Drug Abuse and Heroin Summit in Atlanta, we take a look some of the myriad problems caused by addiction and what public agencies are doing to address them.

Today's show is sponsored by the Alliance for Lifetime IncomeBitSight Technologies and Wordpress.

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