business

Mike Switzer interviews Susie Shannon, president and CEO of SC Competes, also known as the South Carolina Council on Competitiveness.

Mike Switzer interviews Susie Shannon, president and CEO of SC Competes, also known as the South Carolina Council on Competitiveness.

Elon Musk's rocket company, recently merged with xAI, is aiming to raise $75 billion in its initial public stock offering. It's the first of a trio of mega-IPOs from AI companies expected this year.

Inflation has jumped to its highest level in more than three years. Much of the increase is fueled by higher gasoline prices since the U.S. launched its war with Iran.

The U.S. annual inflation rate jumped to 4.2% in May, a three-year high. NPR's Steve Inskeep speaks with economist Claudia Sahm about what the numbers mean and what the Fed may do about it.

Federal authorities served a search warrant on Wednesday at a Southern California aerospace facility where a chemical tank overheated last month, forcing 50,000 residents to evacuate because authorities feared an explosion.

Unless Congress passes new fixes soon, the Social Security trust fund will not be able to pay out full benefits to all eligible seniors starting in 2032.

The economic fallout of the war has included competing U.S. and Iranian blockades in the Strait of Hormuz, disrupting international shipping and rattling oil markets.

A spike in gasoline prices has pushed inflation up 4.2% from a year ago, the biggest annual increase since April 2023.

Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices.