Economics & Economy

D Gorenstein

Here’s a key theory behind cutting health care costs: If consumers knew how much they'd have to pay for various medical services, they could be savvier shoppers, which would ratchet up competition among doctors and hospitals,  to cut prices.

So, employers and insurers created online tools to help folks distinguish costly providers from less expensive alternatives.

Are mall-based clothing retailers doomed?

May 3, 2016
Andy Uhler

The rise of fast fashion continues to hit mall-based retailers, especially as shopping malls seem less relevant.

Growth in sub-Saharan Africa at a 15-year low

May 3, 2016
Kim Adams

The International Monetary Fund is out with a new warning to countries in sub-Saharan Africa.  After years of commodity-fueled growth, the IMF said growth in the region has slowed to its lowest in 15 years. The agency said countries need a policy reset if they want to ride out the slump.

Leicester City: 'Every bookmaker is crying out in pain'

May 3, 2016
Marketplace staff

From our partners at BBC Business:

The betting industry is licking its financial wounds.

"In the history of betting, certainly since it was legalized in 1961, a [single event] winner with odds of 5,000-1 has never happened," said Simon Clare from the betting firm Coral. "Every bookmaker is crying out in pain."

"That's a barometer of what Leicester have done and just how amazing this win is," he added.

Jessica Bridges from rival firm Ladbrokes agrees.

What are people driving when oil prices are low?

May 3, 2016

On today's show, we'll talk about low interest rates; car and truck sales for April; Berlin's vacation-rental ban; and growth in the restaurant industry.