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How the war in Ukraine created a new kingdom of king crab

by Kai Ryssdal and Maria Hollenhorst
Jun 18, 2024
Demand for alternatives to Russian exports, including seafood, has given this Norwegian fishing village a big economic boost.
King crabs caught in the waters off Bugøynes, Norway, in 2002. More recently, sanctions on Russian seafood products have boosted demand for the village's catch.
Jan-Morten Bjornbakk/AFP via Getty Images
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A drop in bond yields could signal a long-awaited break for would-be homebuyers

by Mitchell Hartman
Jun 18, 2024
Falling interest rates on Treasuries could lead to lower mortgage rates, which are key to a recovery in the housing market.
While moderately lower rates may push some prospective buyers to jump in, rates may have to fall a lot before current homeowners give up their pre-2022 mortgages.
Saul Loeb/AFP via Getty Images
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Buy now, pay later programs — useful tool or slippery slope?

by Savannah Peters
Jun 18, 2024
At a time of high prices and interest rates, BNPL offerings are tempting. But they could lead vulnerable consumers into a debt spiral.
BNPL users generally carry more debt and have less money in the bank, according to research from the Boston Fed.
Getty Images
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As EV sales growth slows, the industry faces bankruptcies and new challenges

by Caleigh Wells
Jun 18, 2024
Fisker filed for bankruptcy, underscoring the electric vehicle market's troubles. More options and standardization may help.
Among drivers of gasoline-powered cars, EV sticker prices and range limitations are key concerns about switching. Above, Fisker vehicle chargers.
Jay L. Clendenin/Getty Images
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For businesses, dealing with counterfeit goods is a game of Whac-A-Mole

by Kristin Schwab
Jun 18, 2024
The rise of third party sellers on sites like Amazon and Temu make it easier for people to sell fakes.
In April of 2024, Holtschlag's lawyers found 500 copycat planters — some were going for just 99 cents. Her product retails for $20.
Spencer Platt/Getty Images
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From "gay neighborhoods" to "gay regions," how LGBTQ community spaces are changing

by Nova Safo and Erika Soderstrom
Jun 18, 2024
Gentrification appears to have sparked a new development in LGBTQ+ communities.
Timothy A. Clary/AFP via Getty Images
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The Treasury Department and IRS announce new plan to close tax loophole

by Stephanie Hughes
Jun 18, 2024
It could lead to collecting more than $50 billion dollars in tax revenue over ten years.
“This is something that can only be pulled off, frankly, by the wealthiest of wealthy taxpayers," said U.S. Deputy Treasury Secretary Wally Adeyemo. 
J. David Ake / Getty Images
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Why are bond prices up right now? And what difference does it make?

by Mitchell Hartman
Jun 17, 2024
Rising bond prices mean lower interest rates, indicating that the market is betting on rate cuts by the Federal Reserve.
As bond prices rise, bond yields fall. That's good for their owners — as well as consumers, people shopping for mortgages and others.
Michael M. Santiago/Getty Images
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My Economy

She's a cattle rancher and he loves to cook. Together, they opened a steakhouse.

by Sofia Terenzio
Jun 17, 2024
The Trasks recently opened JT's Steakhouse, a farm-to-table restaurant in Ely, Nevada.
Terrill and Jess Trask recently opened JT's Steakhouse in Ely, Nevada.
Courtesy Jess and Terrill Trask
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Retailers follow Amazon's lead on summer shopping events

by Meghan McCarty Carino
Jun 17, 2024
Chains that offer sales for members don't just bring in customers. They also get valuable data for better-targeted advertising.
Walmart, Target, Best Buy, Macy’s and others now have summer sales that compete with Amazon Prime Day.
Justin Sullivan/Getty Images
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