Business

Economists look at many tea leaves as they try to determine the health of the economy. One of the most important surrounds vehicle sales, and more specifically pickup truck sales, which are tied to the construction industry. And as last month's sales rose 18 percent, the auto industry is betting big on a real estate rebound.

It's arguable that the Ford F-150 is the most important vehicle to come out of Detroit since the Model-T. It's also built where many parts for the old Model-T were made in Dearborn, Mich.

Federal stimulus money has helped cut the high cost of lithium-ion batteries, but not nearly enough to make electric cars affordable. Now there's an abundance of advanced battery manufacturers and not enough major companies to buy them. Many plants in the United States, South Korean, Japan and China that got government subsidies aren't producing many batteries, if at all. Three years ago Michigan's governor touted the state as the new battery capital of the world. There were five new advanced battery plants in the works, all of which were to get major tax breaks and some federal grants.

Lithium-ion batteries sparked a crisis for Boeing's Dreamliner 787 — but the crisis is not an unprecedented one. Four decades ago, a very similar transition to new battery technology in airplanes yielded similar problems. Audie Cornish describes what happened then — and what lessons might be learned as lithium-ion batteries become the next generation that power planes.

At the Geneva Motor Show on Tuesday, Volkswagen introduced a futuristic-looking car that the company says is the "world's most efficient."

VW's XL1 is a two seater, plug-in, diesel hybrid that the company says gets 261 miles per gallon "with an all-electric driving range of a little over 30 miles," CNN reports.

CNN adds:

Just a quick, cranky reminder: Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sen

Skipping $4 lattes will save you some money — but buying into bogus financial advice won't. Finance journalist, Helaine Olen says many of the so-called 'financial experts' are selling you advice to make themselves rich. She discusses her book, Pound Foolish: Exposing the Dark Side of the Personal Finance Industry with host Michel Martin.

Hi! It's Ask a Banker! Once again, I'm a former banker, current Dealbreaker editor and occasional answerer of questions here. Send more questions to planetmoney@npr.org with "ask a banker" in the subject line, or ask on Twitter (@planetmoney). This week's question comes from Ellen in Minneapolis and I think you'll like it:

Update at 4:09 p.m. ET. A New Record:

The Dow Industrials finished in record territory today. Gaining 89 points, it closed at 14,253.77, its highest level since Oct. 9,2007.

That is, the Dow has recovered all the losses it suffered during the Great Recession.

The Mexican telecom magnate and his family are worth $73 billion. Microsoft co-founder Bill Gates is ranked No. 2. The list boasts 442 Americans, including the founders of Google, Facebook and Amazon.

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RENEE MONTAGNE, HOST:

NPR's business news starts with a ketchup jackpot.

(SOUNDBITE OF MUSIC)

MONTAGNE: Last month, Warren Buffett's Berkshire Hathaway and a private equity firm announced they were buying Heinz for $29 billion. Now we're learning what the deal means for Heinz's CEO, William Johnson.

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STEVE INSKEEP, HOST:

And our last word in business is, no more working in your pajamas. Best Buy says it's ending its flexible work program, calling its corporate employees back to the office.

RENEE MONTAGNE, HOST:

This is getting to be a trend. The move comes after Yahoo stirred debate for ending its work-from-home program. A Best Buy spokesperson told the Minneapolis Star Tribune, the hope is that quote, "all-hands-on-deck approach will lead to collaboration."

The first pan-African budget airline took to the skies in late November with a series of flights in Tanzania. Fastjet's aim is to offer a low-cost alternative to passengers accustomed to uncertain and costly air travel.

Now that the sequester has taken effect, there's a new phrase that keeps popping up in Washington: the "continuing resolution." If Congress doesn't pass a continuing resolution by March 27, the government will run out of money and will likely shut down. Here's a list of four things you might want to know about how a continuing resolution works and how it might soften the blow of the sequester.

1. Exactly what is a "continuing resolution"?