That market dip yesterday that Steve mentioned, the result of a hacked Twitter feed, highlights how much the financial industry relies on computer algorithms. U.S. stock markets lost $200 billion in value in just a few minutes. The markets bounced back when the Associated Press made clear there was no explosion at the White House and the tweet was a hoax.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. Boeing says its 787 jetliner should resume passenger service early next month. The so-called Dreamliner has been grounded since problems with the lithium ion batteries surfaced back in January. Batteries on two different planes overheated. One of them, a Japan Air Lines jet, caught fire. Boeing is now working with airlines to retrofit its planes with redesigned batteries now housed in fireproof boxes.
A "sold" sign is posted outside a home in Carmel, Ind. Black and Latino homebuyers pay about 3.5 percent more for housing than whites and Asians, according to a study released this week by Duke University.
I'm Michel Martin and this is TELL ME MORE from NPR News. Now it's time for our Wisdom Watch conversation. That's where we speak with people who've made a difference in their fields.
Today, we hear from one of the most influential tech executives you probably have never heard of unless you're in that field. Not only that, his personal story is just as - if not more - interesting than those of the superstar CEOs you may have heard about in high tech.
In today's economy, many people in search of work can only find part-time jobs. The Bureau of Labor Statistics finds the number of 'involuntary' part-time workers has doubled since 2006. Host Michel Martin talks about what this means for the workplace and the economy, with The Wall Street Journal's Sudeep Reddy.
Originally published on Wed April 24, 2013 9:11 am
Update at 10:50 a.m. ET: Boeing to resume deliveries of 787s
Boeing, which had delivered about 50 of its new passenger aircraft before battery failures in January grounded the plane, says it will resume deliveries to airline customers in early May, The Associated Press reports.
Boeing and the Federal Aviation Authority may be in for another day of tough questions as the National Transportation Safety Board continues its probe of batteries on the 787 Dreamliner. Two severe battery failures prompted the world-wide grounding of the fleet in January.
DAVID GREENE, BYLINE: Hackers got into the Associated Press's Twitter account yesterday and sent out a fake tweet saying the White House had been attacked. Though the tweet was discredited very quickly, it created a swift and panicked reaction on the stock market.
Here's NPR's Jim Zarroli.
JIM ZARROLI, BYLINE: The tweet said that a pair of bombs had gone off in the White House and President Obama was injured. Almost instantaneously, the Dow Jones Industrial Average fell 125 points.
People who measure risk and uncertainty ranked in the top spot of the survey by CareerCast.com. At the bottom of the list with reporters are flight attendants, roofers, mail carriers, meter readers, dish washers and lumber jacks.
The massive swath of Boston that has been closed for more than a week is getting closer to reopening. City officials yesterday brought victims of the marathon bombings and their relatives in for a private visit and allowed neighborhood residents back home for the first time in over a week. Businesses also began the process of cleaning up and preparing to reopen.
The hardest-hit shops and restaurants remain boarded up. As NPR'S Tovia Smith reports, others are hoping to reopen today or tomorrow.
Last year's drought wreaked havoc on farmers' fields in much of the Midwest, cutting crop yields and forcing livestock producers to cull their herds. This spring, the rain that farmers needed so badly in 2012 has finally returned. But maybe too much, and at the wrong time.
It's almost the end of April, which is prime time to plant corn. But farmers need a break in the rain so they can get this year's crops in the ground and try to lock in good yields at harvest.
Humberto Manzano Jr. moves a pallet of goods at an Amazon.com fulfillment center in Phoenix in 2010. Amazon has endorsed a bill making its way through the Senate that would require more online retailers to collect sales tax.
More online retailers would have to collect sales tax under a bill making its way through the U.S. Senate this week. The measure won strong bipartisan backing on a procedural vote Monday, and President Obama has said he would sign it.
The political battle over the bill pits online retailers against brick-and-mortar stores — and, in some cases, against other online sellers.
This handshake between South Korean President Park Geun-hye and Microsoft founder Bill Gates sparked debate over whether the American — who kept his left hand in his pocket — had been rude. Other photos clearly show Gates' hand in his pocket.0
Microsoft founder Bill Gates met with South Korean President Park Geun-hye Monday, part of a visit to build business ties and boost nuclear energy plans. But it was the handshake they shared that created the biggest stir in Korean society, after Gates greeted Park with a smile — and his left hand jammed into his pants pocket.
We've reported on how cheap natural gas is revolutionizing the energy industry. It's plentiful, thanks to the drilling technique known as fracking. Well, that's also changing American manufacturing. Factories are turning to natural gas to replace oil and even biomass sources like woodchips. And here's an example, a paper mill in East Millinocket, Maine.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. This afternoon, investors watched even more closely than usual as Apple released its quarterly earnings. The numbers beat Wall Street's gloomy expectations. But for the first time in a decade, Apple's profits fell from the same period a year earlier. NPR technology correspondent Steve Henn joins us from Silicon Valley to talk about today's results. Hey there, Steve.
Originally published on Tue April 23, 2013 3:40 pm
Some 93 percent of Americans saw their mean net worth fall in the first two years of the post-recession recovery, while the remaining 7 percent increased net worth by nearly a third, according to a new Pew Research Center analysis of Census Bureau data.
Originally published on Tue April 23, 2013 12:10 pm
A federal court has approved a settlement agreement between the Department of Justice and Anheuser-Busch InBev that will allow the mammoth beer company to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico and other beers.
The deal, which requires AB InBev to sell all of Modelo's U.S. business, clears the way for the $20.1 billion acquisition of the remaining portion of Modelo that AB InBev did not yet own. Terms of the deal were announced Friday.
Originally published on Wed April 24, 2013 5:37 am
Update at 5 p.m. ET:
Reuters reports that Apple has posted better-than-expected second-quarter earnings of $43.6 billion, "reflecting strong sales of the iPad and iPhone." Wall Street had forecast revenue of $42.3 billion, the wire service says.
We pick up our original post here:
Investors are waiting, many not so eagerly, for a look at how Apple for the second quarter.
Now here's a change. Earlier this year, the worst drought conditions seen in the Midwest in decades threatened to close the Mississippi River to barge traffic. Now, communities along the river in Missouri and Illinois are bracing for flooding.
St. Louis Public Radio Maria Altman reports.
MARIA ALTMAN, BYLINE: The threat of flooding on the Mississippi River came on quickly after last week's storms dumped rain across the Midwest. The town of Clarksville, Missouri didn't even have time to erect its metal flood wall.
Brown University student Sunil Tripathi, who has been missing since March, was wrongly identified in social media as a suspect in the Boston Marathon bombings. Reddit has apologized to Tripathi's family "for the pain they have had to endure."
Originally published on Tue April 23, 2013 5:07 am
The Senate voted Monday to advance a bill that would allow states to force online retailers to collect state and local sales taxes. Currently, states can only require brick and mortar stores to collect the sales tax. This greatly benefits online shoppers, who save by not paying the tax.
Imagine a world with machines that wash, press and dress you on the way to work and vacations via hologram visits to exotic beaches. In his new book, The New Digital Age, Google Executive Chairman Eric Schmidt does just that — but it's no gee-whiz Jetsons fantasy.
Schmidt partners up with Jared Cohen, a foreign policy counterterrorist specialist poached from the State Department now working for Google Ideas. Together they forecast a raft of new innovations and corresponding threats that will arise for dictatorships, techno revolutionaries, terrorists and you.
An American Airlines passenger is helped at the ticket counter at Miami International Airport last week. Many airline industry observers expect delays to strike Monday, the first full day of FAA furloughs.
Originally published on Mon April 22, 2013 4:53 pm
Many airline passengers saw only moderate flight delays stemming from the first full day of furloughs for nearly 15,000 flight controllers and other Federal Aviation Administration workers, as industry analysts' worst fears did not materialize. But the reduced staffing was blamed for some slowdowns, and observers say it also increased the length of unrelated delays.
We'll be keeping an eye on possible delays today, and updating this post with new information.
Update at 6:45 p.m. ET. Delays Build, Many Tied To Weather: