The end may be nigh for one of the world's most important interest rates. The LIBOR, or London Interbank offer, may play a role in whether your household budget is on track and your adjustable mortgage. But there's news that it may get phased out over the next four years. On today's show, we'll look at why it may go away and what'll take its place. Afterwards, we'll discuss the future of the Fed Chair position, and then chat with Guardian reporter Chris Arnade about the importance of McDonald's in local communities.

After decades of losing ground to overseas manufacturers using cheap labor, the U.S. textile industry is showing signs of revival. The resurgence is fueled in part by increased R&D into advanced fabrics — like fire-retardant material and smart garments filled with high-tech sensors. It’s meant a growing number of textile industry jobs — but jobs […]

Ford shares have been on a steady slide for the past three years now. That’s quite a remarkable place for Ford to be, especially given the company continues to put out the F-150 pickup, the hottest selling truck in the world. Shareholders don’t seem very impressed by Ford’s plans to transition into a future powered […]

Many would agree that the key to economic growth, in the U.S. and elsewhere, has long been productivity — how many widgets produced per hour worked. Many would also agree that the U.S. is suffering from a downturn in productivity. But Neil Irwin, senior economics correspondent for The New York Times, thinks it may be […]

Jimmy Choo has been among the biggest names in high-end shoes for decades, but the company put itself up for sale in April. Today, fashion house Michael Kors announced it’ll buy the British footwear brand for $1.2 billion. Kors has been struggling recently and announced in May it’s closing more than 100 stores. Can this […]