Economy & Business

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For 27 years, Mark Schand lay in his prison cot in Massachusetts and plotted out the retail empire he'd been envisioning since well before his arrest.

"I would lay in bed, my eyes wide open, looking at the ceiling, just thinking of a color scheme, and picture the uniform," said Schand.

The top officers of the fashion giant Burberry are apologizing for clothing a model in a hoodie with a cord knotted in the shape of a noose at the company's London Fashion Week show on Sunday.

Initial reaction against the hoodie and nooselike drawstring came from one of the company's own models. Burberry has dropped the item from its collection.

Um yeaaaah, we’re gonna have to go ahead and note that Tuesday marks the 20th anniversary of the release of “Office Space,” the 1999 movie that follows a few software company workers who hate their jobs.

101: What's the deal with the Green New Deal?

10 hours ago

The Senate is set to bring the Green New Deal to a vote as early as this week. Crafted by Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey, it's an ambitious plan to de-carbonize the American economy while adding new jobs in infrastructure and alternative energy. Environmental reporter and podcaster Amy Westervelt tells us what's in the Green New Deal and how it's faring in the climate of Washington, D.C. Plus, an important clarification on some Toto lyrics.

Walmart reports a great holiday quarter

11 hours ago

Walmart posted surprisingly strong same-store sales for the quarter that ended in January, up 4.2 percent. The retailer has been through quite the turnaround over the past five years — at this point in 2014, Walmart had posted six straight quarters of declining or flat sales. But e-commerce, online grocery sales, and brick-and-mortar refurbishments have helped the retailer stay competitive against Amazon. 

Click the audio player above to hear the full story.

Remembering Karl Lagerfeld, a creative force in the business of fashion

12 hours ago

After a career spanning decades in the fashion industry, Karl Lagerfeld died this morning at the age of 85. Lagerfeld served as the creative director for Chanel, Fendi and his namesake label. Considered a pioneer in the business, with extravagant fashion shows and multiple collections to his name each year, Lagerfeld was also the first luxury designer to collaborate with a fast-fashion brand (H&M, in 2004). Journalist Christina Binkley has covered fashion for years and closely followed the designer's career.

Back in December, Redfin CEO Glenn Kelman told us that Super Bowl weekend is the moment when you know how the housing market will fare for the rest of the year. He says, it's sort of a Groundhog Day for the housing market. Rather than focusing on the game, Glenn spent Super Bowl Sunday tracking the number of Redfin customers who toured homes and made an offer. And now, he says, he knows how the housing market will do this year.

In 2018, U.S. venture capital investment surpassed the 2000 dot-com peak for the first time. According to the financial data company PitchBook, investors put some $130 billion into thousands of U.S. companies. Many of these businesses will not make it, and as some flame out, they'll leave behind a trail of debt.

Yeah ... I'm gonna need you to download this pod

13 hours ago

Rent for single-family homes is up again, and the people most likely to feel the pinch are also those who can least afford it. We do the numbers on that, plus venture capital and the trail of debt failed startups can leave behind. Finally, "Office Space" came out 20 years ago today. We look at how it changed workplace culture.

Alexandria Ocasio-Cortez has given tips on how to reform America's tax system, tackle climate change, and improve your skincare routine

After 50 years, Sesame Street is still poised for success

14 hours ago

It's been 50 years since "Sesame Street" premiered on PBS, stealing the hearts of children across the country. But what started as public service television became a big money-maker, broadcasting throughout the world. From licensing deals with toys and books, government grants, and a deal with HBO, the show has grown into a $100 million-a-year business.

What’s your favorite workplace movie?

15 hours ago

It’s been two decades since Peter Gibbons and his co-workers took their company’s printer into a field and bashed it to smithereens.

“Office Space,” the 1999 classic about workplace culture and everything horribly wrong with it, celebrates its 20th anniversary today. Directed by Mike Judge, the film features frustrated programmer Gibbons (played by Ron Livingston) dealing with his smug boss, Bill Lumbergh (played by Gary Cole). 

Are Movies Getting Better?

18 hours ago

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Nearly one-third of food prepared by restaurants and grocery stores winds up as waste, according to data cited by the Environmental Protection Agency. It can be awkward and costly for restaurants to coordinate transport of their surplus food to shelters or food banks, but food delivery companies like Postmates and DoorDash have started offering restaurants a way of doing just that. 

Samsung will unveil its new Galaxy S10 phone, which is expected to have a folding screen that can double its size, on Wednesday. A splashy debut might help the company shake off some winter blues — last month, Samsung announced earnings had fallen in the fourth quarter of 2018, and said it expected overall earnings to decline this year. Sales of personal devices like Samsung's are slowing, and both the economic slowdown in China and the U.S.-China trade war has weakened demand for memory chips, of which it is also a leading manufacturer globally. Will a folding screen make a difference?