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Business and Economic News

Ponzi schemer Bernie Madoff dies in prison at 82

Ponzi schemer Bernie Madoff dies in prison at 82

Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died in a federal prison early Wednesday. He was 82.
by The Associated Press

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Fed leaders agree: Economics has a racial-disparity problem

Fed leaders agree: Economics has a racial-disparity problem

Top Federal Reserve policymakers underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field, which lessens the perspectives that economists can bring to key policy issues.
by The Associated Press

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Consumer prices jumped. Should you worry? That's sparking a heated debate

Consumer prices jumped. Should you worry? That's sparking a heated debate

Consumer prices jumped last month as businesses struggled to keep pace with booming demand, but the Biden administration and the Federal Reserve say the uptick in inflation is likely to be temporary.
by Scott Horsley

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The lure of online gambling during the pandemic 

The lure of online gambling during the pandemic 

Host Angela Davis talked with two experts about the expansion of online gambling and a potential rise in gambling addiction. 
by Angela Davis and Maja Beckstrom

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Timberwolves, Lynx owner: A-Rod, partner in agreement to buy teams

Timberwolves, Lynx owner: A-Rod, partner in agreement to buy teams

Former baseball star Alex Rodriguez and e-commerce mogul Marc Lore signed a letter of intent Saturday to buy the Minnesota Timberwolves and Lynx, owner Glen Taylor said.
by The Associated Press

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Heinz promises to catch up to demand amid ketchup packet shortage

Heinz promises to catch up to demand amid ketchup packet shortage

The pandemic is causing another new, yet uniquely American, shortage — ketchup. Heinz says it will increase its production by 25 percent to meet the demand for packets of the popular condiment.
by Elena Burnett

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Kim Scott’s advice on creating a more just workplace

Kim Scott’s advice on creating a more just workplace

Kim Scott has worked at some of Silicon Valley’s best known businesses including Apple and Google. The author of “Just Work” shared her advice for addressing bias and bullying at work.
by Stephanie Curtis and Marcheta Fornoff

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