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Each week, It's Been a Minute features people in the culture who deserve your attention. Plus weekly wraps of the news with journalists in the know. Join us to make sense of the world through conversation.
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It's Been a Minute

Each week, It's Been a Minute features people in the culture who deserve your attention. Plus weekly wraps of the news with journalists in the know. Join us to make sense of the world through conversation.

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Money

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on February 1, 2023. - The Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering its aggressive campaign to rein in costs as inflation cools, while signaling the battle is not yet over. The US central bank announced a quarter-point hike to the benchmark lending rate at the end of its two-day policy meeting, taking the rate to a target range of 4.50-4.75 percent. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
NPR
Business
Economy
Government
National

The Fed raises interest rates again despite the stress hitting the banking system

Some had called for the Fed to wait after two recent bank failures.

3 days ago

Brand-new Nissan vehicles sit on a sales lot in Richmond, Calif.
NPR
Business
Economy
National
Streets & Roads
Transportation

Why car prices are still so high — and why they are unlikely to fall anytime soon

The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. This is a look at today's deeply weird auto market.

1 week ago

A customer exits a First Republic Bank branch in Manhattan Beach, Calif., on March 13, 2023. The midsized lender was rescued by a group of top banks after suffering an exodus of depositors following the collapse of two U.S. banks. (Patrick T. Fallon/AFP via Getty Images)
NPR
Business
Economy

First Republic Bank becomes the latest bank to be rescued, this time by its rivals

A group of 11 lenders including J.P.Morgan, Bank of America, Citigroup, and Wells Fargo said they will deposit $30 billion in First Republic Bank.

1 week ago

Full length young woman and man climbing red bar graph together against white background
NPR
Economy
Employment
Gender
Income Inequality
Social Justice

It’s Equal Pay Day. The gender pay gap has hardly budged in 20 years. What gives?

Tuesday is Equal Pay Day: March 14th represents how far into the year women have had to work to catch up to what their male colleagues earned the previous year.

2 weeks ago

The Federal Reserve has made funds available to other banks in an effort to prevent any other collapses in the financial industry. (Alex Wong/Getty Images)
NPR
Business
Economy
Income Inequality

What to know about the Silicon Valley Bank collapse, takeover and fallout

Silicon Valley Bank is the largest U.S. bank to fail since the 2008 global financial crisis.

2 weeks ago

A worker (center) tells people that the Silicon Valley Bank (SVB) headquarters is closed
NPR
Economy
National

The U.S. takes emergency measures to protect all deposits at Silicon Valley Bank

Federal officials made the emergency announcement Sunday amid panic from depositors over the state of uninsired deposits.

2 weeks ago

Bede Jordan and Stefan Kalb pose for a photo in front of a brick wall.
NPR
Business
Economy
Technology

Silicon Valley Bank failure could wipe out ‘a whole generation of startups’

The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely.

2 weeks ago

Millions of households across 32 states and the District of Columbia are receiving far less in SNAP benefits this month as Congress unwinds pandemic-era assistance. (Brandon Bell/Getty Images)
NPR
Economy
Food & Drink
Income Inequality

What SNAP recipients can expect as benefits shrink in March

More than 80% of SNAP beneficiaries are working families, people with disabilities, or elderly people, according to the U.S. Department of Agriculture.

3 weeks ago

A customer (right) makes a sports bet at the Ocean Casino Resort in Atlantic City, N.J., Monday, Feb. 6, 2023
Philadelphia
Sports

Super Bowl gambling surging as states legalize it? You bet

The American Gaming Association says over 50 million U.S. adults plan to bet on the game, wagering a total of $16 billion. But most of that will happen off the books.

2 months ago

Federal Reserve Chair Jerome Powell speaks during a news conference
Economy
Government
National
Personal Finance

Fed lifts rate by quarter-point and signals more hikes ahead

Though smaller than its previous hike the latest move will likely further raise the costs of many consumer and business loans and the risk of a recession.

2 months ago

Philadelphia Eagles running back Boston Scott (35) and quarterback Jalen Hurts celebrate after the NFC Championship NFL football game between the Philadelphia Eagles and the San Francisco 49ers
Personal Finance
Philadelphia
Sports
6abc

How much will it cost to see Eagles play Chiefs in Super Bowl LVII?

If you want to watch the game in person on Feb. 12 in Glendale, Arizona, it's going to cost you a lot.

2 months ago

An aerial view of the N.J. General Assembly
Economy
Employment
Government
New Jersey

Minimum wage workers in New Jersey to get a $1 raise Sunday

The Garden State joins Delaware and New York in getting closer to $ 15-an-hour minimum wage.

3 months ago

A customer fills out a Mega Millions lottery ticket
National

Mega Millions Tuesday jackpot surpasses estimated $565M

Lottery officials estimate Tuesday's prize at $565 million — or more than $293 million if delivered in cash — after there were no lucky winners in Friday's drawing.

3 months ago

Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. (Drew Angerer/Getty Images)
NPR
Business
Economy
National

The Fed continues its crackdown on inflation, pushing up interest rates again

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

3 months ago

FILE - The FTX Arena logo is seen where the Miami Heat basketball team plays on Nov. 12, 2022, in Miami. The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney’s office in New York said Monday, Dec. 12. (AP Photo/Marta Lavandier, File)
Crime
Economy

FTX’s Bankman-Fried charged by U.S. for ‘scheme’ to defraud

Bankman-Fried was arrested Monday by Bahamian authorities at the request of the U.S. government.

3 months ago

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