Although it's a tropical island, perhaps surprisingly, Puerto Rico produces very little of its own food. After decades of industrialization, the U.S. territory imports more than 80 percent of what's consumed on the island. There are signs, though, the trend is changing.
The United States issued licenses for ferry service between the United States and Cuba for the first time in five decades.
The South Florida Sun-Sentinel reports the Treasury Department issued at least four licenses to companies that want to establish ferry service to Cuba from Key West, Miami, Fort Lauderdale and perhaps even Tampa.
The island of Puerto Rico is many things: a tropical paradise, a U.S. territory and an economic mess. After years of deficits, state-owned institutions in Puerto Rico owe investors some $73 billion. That's four times the debt that forced Detroit into bankruptcy two years ago. The bill is now due.
When you talk to the people of west Baltimore, you'll hear a lot about how bleak the future looks for the children from that part of the city. The protests were certainly driven by the issue of policing, but they were also informed by the tough economic conditions of west Baltimore.
When Cici Xu isn't working as an accountant, she's driving around Shanghai picking up passengers for People's Uber, the American company's nonprofit ride-sharing service that operates in nine mainland Chinese cities.
Xu, 40, makes about $1,300 a month as a driver, but says she doesn't really do it for the money.
At first glance, the warehouse in San Francisco's SOMA neighborhood could be the headquarters of any well-funded startup: exposed concrete, natural light, lots of Macbooks. Then you spot the 12- and 13-year-olds doing yoga in a glass-walled conference room.
It's a tech company, but it's also a private, for-profit middle school: a unique, hybrid venture called AltSchool.
Looking for new growth and promising better restaurant experiences for customers, McDonald's President and CEO Steve Easterbrook is changing how the chain manages global markets and plans to boost the number of franchised restaurants.
"The reality is, our recent performance has been poor," Easterbrook said in a video released Monday. "The numbers don't lie. Which is why, as we celebrate 60 years of McDonald's, I will not shy away from resetting this business."
In two new studies, Harvard economist Raj Chetty and his colleagues found that where poor kids grow up has a huge effect on how much money they earn as adults.
In one study, families living in public housing were randomly selected to be eligible for housing vouchers that required them to move to low poverty neighborhoods. Kids whose families received the vouchers grew up to earn significantly more than those whose families remained in public housing.
Yukia Harris Walker remembers the thrill of getting engaged, but the luster on that glow dimmed when she visited bridal salons and realized there weren't many dresses that would fit her. Walker was a size 14 at the time â€” as are a lot of American women â€” but there were no high end gowns for her to try, and the stores had to make-do.
Back when he was a student at the Rhode Island School of Design, Jonathan Adler was told that he'd never make it as an artist, and he should go be a lawyer. But Adler continued making his pottery, and today his design empire includes 26 stores named for him all over the world.
Transportation officials in the U.S. and Canada are imposing tougher safety standards on trains hauling crude oil.
U.S. Transportation Secretary Anthony Foxx and Canada's Transport Minister Lisa Raitt announced Friday that shippers must use stronger tank cars to haul oil across North America by October 1. The new rules will also mandate the use of a controversial braking system on trains carrying crude.
In an ambitious bid to move beyond the electric car market, Tesla has announced that it will start selling large batteries to let homeowners store electricity. The Powerwall home battery starts at $3,000.
Tesla CEO Elon Musk unveiled the new batteries Thursday night, in a move that had been both highly anticipated and the subject of much speculation. With a sleek surface and a depth of only about 7 inches, the Powerwall can be mounted on a garage wall or another surface, indoors or outside. It's roughly 4 feet high and 3 feet wide.
Ask anyone in Louisville, Ky., what to eat and drink during the Kentucky Derby, and chances are good he'll tell you two things: mint juleps and "derby pie."
But while bartenders around the country make mint juleps without controversy, things are a little more complicated for "derby pie." The creators of the pie are real sticklers about what can be called a "derby pie" â€” and what can't. And they're not afraid to sue over it.
Brand-name drugs to treat heartburn, diabetes, depression and other common afflictions of the elderly were among the most expensive drains on the federal government's Medicare prescription benefit, costing more than $1 billion each in 2013, newly released data show.
The federal government popped the cap off drug spending on Thursday, detailing doctor-by-doctor and drug-by-drug how Medicare and its beneficiaries spent $103 billion on pharmaceuticals in 2013.