More and more people are buying homes with pure cash. In December, all-cash purchases accounted for 42.1 percent of all U.S. residential sales, according to the latest report from RealtyTrac, a company that collects and analyzes housing data.
David's Bridal is famously known for carrying inexpensive bridal dresses, some for less than $100. Now the company wants to offer an elevated experience for brides to be — with chandeliers, marble tiling and plush chairs. There will be price tags to match — as much as 2,000.
Montreal-based Bixi, which came up with the bike sharing systems offered in many American cities, has filed for bankruptcy. Renee Montagne talks with Andy Riga of the Montreal Gazette about where things went wrong for Bixi, and the future prospects of its operations in North America.
I was in the car for about an hour, rolling around Manhattan in the middle of a snowstorm. The ride normally would have cost me $65. But when it came time to pay, my driver, Kirk Furye, was concerned for me.
"Are you going to get in trouble with NPR?" he asked. "You are almost at three times the [normal] amount."
A new study from Consumer Reports finds varying levels of a chemical compound classified as a possible human carcinogen in many popular brands of soda.
The findings have prompted the Food and Drug Administration to take a new look at the compound, 4-methylimidazole — or 4-MEI for short. It is found in the caramel color that soda makers use to dye the drinks brown.
And as we just heard from Jim, economic mobility may not have changed much in the last 20 years, but income inequality has skyrocketed. More on the latter now from Michael Dimock, vice president of research at the Pew Research Center. Pew has a new survey out, asking Americans what they think about income inequality.
Michael Dimock, welcome once again.
MICHAEL DIMOCK: Thanks for having me.
SIEGEL: And first finding is Americans say there is growing income inequality, yes?
You might think that retailers have to let you know right away if they get hacked and someone steals your account information.
But recent disclosures by Target and Neiman Marcus that their networks were hacked, and data about their consumers were stolen, have raised questions about how quickly merchants need to alert their customers.
In the case of Neiman Marcus, the company may have had evidence of a breach as far back as July. But the law is a bit murky on just how quickly companies need to let customers know.