KRWG

Business

Please note: Sometimes, NPR publishes headlines before the story and/or audio is ready; check back for content later if this occurs. We also publish national/world news on our home page from AP, BBC, and others.

Updated at 3:28 p.m. ET

Just a week ago, the employees at local-news websites DNAinfo and Gothamist in New York voted to unionize.

Thursday evening, the publications' billionaire owner, Joe Ricketts, announced that he was shutting them down.

The U.S. economy added 261,000 jobs in October, according to the monthly jobs report from the Bureau of Labor Statistics. The unemployment rate fell by a small notch, from 4.2 percent to 4.1 percent.

While job creation showed a rebound from hurricane season, the October result didn't meet analysts' expectations that the report would easily top 300,000 jobs.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

DAVID GREENE, HOST:

The Republican tax plan that was released yesterday is being sharply criticized by home-builders and realtors. They say the plan could discourage home buying and also push down home prices. Here's NPR's Chris Arnold.

Federal Reserve Chair Janet Yellen, the first woman to hold that position, won't have the opportunity to serve four more years as leader of the nation's central bank. But she leaves the Fed's top post having largely achieved its mandate to engineer full employment while keeping inflation at a level that fosters growth.

Updated at 5:22 p.m. ET

Wealthy donor Robert Mercer, whose money helped elect President Trump, is stepping down from the giant hedge fund he co-heads and is selling his stake in the conservative website Breitbart News to his daughters.

In a letter sent Thursday to his investors at Renaissance Technologies LLC, Mercer, 71, defended his brand of libertarian politics, but also expressed regret for his support of controversial former Breitbart editor Milo Yiannopoulos.

About a year ago, Gustavo Douaihi and Laura Smith were looking to rent a house in Baton Rouge, La.

Douaihi, a geologist from Venezuela, and Smith, a high school English teacher who grew up in Alabama, had just gotten married. The couple was living in a tiny house overflowing with wedding presents when they noticed that a larger, nicer home in their neighborhood was available for rent.

"When we saw the 'For Rent' sign, I pushed Gustavo to call and look into it," Smith says.

Updated on Dec. 15 at 1:20 p.m. ET

Note: This post reflects earlier tax overhaul bills as passed by the House and Senate. For a look at the final version of the bill as passed by the House and Senate conference committee, go here.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

ARI SHAPIRO, HOST:

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

MARY LOUISE KELLY, HOST:

Let's drill down further on one part of that tax bill unveiled today - the elimination of state and local tax deductions. That is a prospect that has drawn criticism from lawmakers from states with high taxes, among them Republican Leonard Lance of New Jersey.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

ARI SHAPIRO, HOST:

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

MARY LOUISE KELLY, HOST:

President Trump on Thursday named Jerome Powell to be the next chair of the Federal Reserve, the first time in decades that a president hasn't reappointed a chief of the central bank for a second term.

If confirmed by the Senate, Powell, 64, will succeed Janet Yellen — the first woman to head the Fed — whose term expires in February. Powell, a current member of the Fed's board of governors, is expected to pursue policies largely in line with the gradual interest rate hikes of the Yellen-led Fed.

Updated at 2:15 p.m. ET

More than a dozen tourists say that TripAdvisor, a popular travel review site, deleted their attempts to post descriptions of rapes, assaults and unexpected blackouts they experienced at Mexican resorts, according to reporting by the Milwaukee Journal Sentinel.

Dave Chapman and dozens of other longtime organic farmers packed a meeting of the National Organic Standards Board in Jacksonville, Fla., this week. It was their last-ditch effort to strip the organic label from a tide of fluid-fed, "hydroponic" greenhouse-grown vegetables that they think represent a betrayal of true organic principles.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

DAVID GREENE, HOST:

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

Updated at 1:55 p.m. ET

As Republicans scrambled to assemble a tax overhaul bill, Americans weren't even sure that Congress should be focusing on reshaping the tax system.

Only about one-quarter of Americans believe that passing a tax overhaul should be "the top priority for the president and Congress," according to a CBS News poll released Wednesday; 70 percent said other things should be "addressed first." And even Republicans aren't particularly enthused: Only about half (51 percent) said an overhaul should be the top issue.

Economists used to assume that people were, overall, rational. They may make mistakes now and then, but, if reasonably informed, they do the right thing. Then came Richard Thaler, who, in October, was awarded the Nobel Prize in Economics.

A day before President Trump was expected to name their next leader, Federal Reserve policymakers decided to hold a key interest rate steady at between 1 percent and 1.25 percent. However, analysts are still looking for a rate increase at the central bank's next meeting, in mid-December.

Updated at 5:30 p.m. ET

NPR's senior vice president for news, Michael Oreskes, has resigned following allegations of sexual harassment from several women.

The accounts of two women, first published by The Washington Post, describe Oreskes unexpectedly kissing them during meetings in the late 1990s, while he was Washington bureau chief for The New York Times. An NPR employee has also come forward publicly about harassment that allegedly occurred during a business meeting-turned-dinner in 2015.

Special Counsel Robert Mueller unveiled a 12-count indictment against Paul Manafort that includes allegations of money laundering in the course of his work in Ukraine. Manafort has pleaded not guilty. In 2016, Manafort served as Donald Trump's campaign chairman.

In March, WNYC reported on three unusual real estate deals by Manafort in New York City .

Updated at 6:43 p.m. ET

Sen. Richard Burr, R-N.C., wasted no time on Wednesday connecting the abstract story that is Russian election interference to strife in the real world.

With lawyers from Facebook, Twitter and Google sitting before him, the Senate Intelligence Committee chairman described a divisive scene in Houston last year — engineered entirely by Russian influence-mongers.

Two U.S. senators introduced legislation Tuesday requiring federal agencies to come up with solutions to the waste caused by oversized eyedrops and single-use drug vials, citing a ProPublica story published last month.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

DAVID GREENE, HOST:

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

NPR has placed its senior vice president for news, Michael Oreskes, on leave after fielding accusations that he sexually harassed two women seeking career opportunities nearly two decades ago, when he worked at The New York Times.

Updated at 7:19 p.m. ET

Russian interference efforts in the 2016 presidential election were broader than anyone first knew, as representatives for Facebook, Twitter and Google told lawmakers on Capitol Hill Tuesday.

In July 2016, the aftermath of a police shooting of an African-American man was broadcast live on Facebook. Instantly, Americans of all stripes used the platform to step up the race wars and attack each other.

Pages