Economy

Financial and business news

Updated at 3:45 p.m. ET

The U.S. and Canada reached a deal to replace the North American Free Trade Agreement, signed a quarter-century ago, with a new pact that the Trump administration says is easier to enforce.

In remarks in the Rose Garden formally announcing the agreement, President Trump called it "the most important trade deal we've ever made by far."

Ahead of a midnight deadline set by the White House, Trump approved changes that essentially revamp the 1993 NAFTA deal, bringing Canada on board after Mexico had already agreed in August.

Last Thursday's hearings on the sexual assault allegations against Supreme Court nominee Brett Kavanaugh brought up, among other things, the high school party scene in the 1980s and the films that glorified it. Kavanaugh mentioned those movies when he defended some of the crude references in his high school yearbook.

Updated at 1:02 a.m. ET Sunday

Elon Musk, Tesla's chief executive, has reached a deal with the Securities and Exchange Commission to settle a securities fraud charge brought against him on Thursday, the agency announced on Saturday.

Under the terms of the settlement, Musk has agreed to step down as chairman of the Silicon Valley-based company, but will remain in his post as CEO.

What NAFTA Without Canada Would Mean

Sep 29, 2018

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

SCOTT SIMON, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

AUDIE CORNISH, HOST:

It's being called the highest minimum wage in the country. Thousands of airport workers in New York and New Jersey — baggage handlers, cabin cleaners, people at concession stands — will see their hourly pay rise to $19 by 2023, after the Port Authority Board of Commissioners voted unanimously on Thursday to require businesses to increase the minimum wage.

NPR White House correspondent Scott Horsley asked us to solve a mystery for him: He's been reporting on corn prices, which have been falling lately, but when he went to get a snack from the vending machine in the press corps break room in the White House, he discovered the price of a bag of Fritos had risen 20% (a quarter!) Today on the Indicator, the case of the pricey Frito! A tale of transportation costs, tariff penalties, and our deep love of salty snacks.

Archival tape from Suspense

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

AUDIE CORNISH, HOST:

Copyright 2018 Fresh Air. To see more, visit Fresh Air.

TERRY GROSS, HOST:

Copyright 2018 Fresh Air. To see more, visit Fresh Air.

TERRY GROSS, HOST:

Even in the middle of the day, in middle of the week, the theater was completely packed.

Hundreds had come to watch Rafiki, a movie about two young Kenyan women who are full of life, joy and wonder. Kena is a great student; she plays football and hangs out with the guys. And Ziki is the free spirit — cotton candy dreads and a smile full of mischief.

David Herzberg was alarmed when he heard that Richard Sackler, former chairman of opioid giant Purdue Pharma, was listed as an inventor on a new patent for an opioid addiction treatment.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

Elon Musk, the CEO of the electric car company Tesla, is being sued by the Securities and Exchange Commission, the SEC, all of which started with a tweet. NPR's Jasmine Garsd reports.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

One of the toughest parts of living in a big city is finding an affordable place to live. That might be getting a bit easier. Here's Stacey Vanek Smith and Cardiff Garcia from NPR's economics podcast The Indicator.

Pages