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Money

A sign reads
Business
Food & Drink
Philadelphia
Billy Penn

La Colombe acquired by Chobani in $900 million deal

The coffee roaster and retailer founded in Philly in ‘94 operates 32 stores around the country.

2 years ago

A man pumps gas in Alhambra, Calif., on Oct. 2, 2023.
NPR
Business
Economy
National

Inflation continues to moderate thanks to a big drop in gas prices

Consumer prices rose 3.1% in November from a year ago, marking a more moderate pace of inflation thanks in large part to falling gasoline prices.

2 years ago

Then-Philadelphia Eagles' Malcolm Jenkins' reaction after winning an NFL football game against the Denver Broncos in November 2017.
Business
Philadelphia
Social Justice
Sports

Former Eagles player Malcolm Jenkins on money, social justice, and grit in Philly

Malcolm Jenkins discussed the concepts of money, social justice, and grit — all of which have guided him to financial and professional success.

2 years ago

Listen 1:59
Houses in West Philadelphia's Wynnefield neighborhood
PlanPhilly
Housing
Philadelphia
Real Estate

Monthly rents in Philly remain historically high despite slight decrease

Rents took off in the wake of pandemic shutdowns and have only started to soften.

2 years ago

A for sale sign hangs outside of a rowhome
Housing
Pennsylvania
Real Estate

Not enough homes to buy before the holidays — it’s still a seller’s market in Pa. Here’s why

The volume of home sales across Pennsylvania were down 20% compared to October 2022, but that’s not because there aren’t interested home buyers.

2 years ago

Listen 1:23
Thousands of shoppers walk through the mall
Business
Delaware
Economy

‘You have to be patient’: Black Friday shoppers line up for deals at Christiana Mall

More than 130 million people were expected to take advantage of discounts on the traditional shopping day — and some also found ways to give back.

2 years ago

A person stands in front of a window with the word Sale plastered all over it.
NPR
Economy

Why are sales so hard to resist? Let’s unravel this Black Friday mystery

The human brain has to really fight the lure of a discount. Companies know this and use many tricks to push our buttons. But there's a way to outsmart them.

2 years ago

Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, Nov. 1, 2023.
Business
Economy
Government

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

Since launching the most aggressive series of rate hikes in four decades in March 2022 to fight inflation, it has pulled back and has now raised rates only once since May.

2 years ago

Rowhomes in Philadelphia’s Spring Garden neighborhood
PlanPhilly
Housing
Pennsylvania
Philadelphia
Real Estate

‘A deep freeze’: Mortgage rates and home prices are sidelining Philly homebuyers

Economists say that’s not likely to change for a few more years.

2 years ago

A sign of Rite Aid on its store in Pittsburgh
Business
Economy
Philadelphia

Major U.S. pharmacy chain Rite Aid files for bankruptcy

The DOJ in March alleged that Rite Aid knowingly filled hundreds of thousands of unlawful prescriptions for controlled substances from 2014 to 2019.

2 years ago

LaKeysha Jean poses for a photo at a window
Business
Economic Development
Economy
Philadelphia

‘Focused on growth’: Philly workshop offers Black entrepreneurs tips on expanding their businesses

The one-day intensive hosted by Mom Your Business included panels, networking, and technical support.

2 years ago

someone crosses an empty intersection
Business
Economy
Philadelphia

Philadelphia ranks No. 5 in the nation for downtown foot traffic recovery since 2019

Philadelphia’s Center City District staff explored economic recovery metrics, such as foot traffic, in 26 cities nationwide.

2 years ago

Philadelphia's Center City skyline
Business
Gender
Philadelphia

Men still control 73% of board seats of Philly region’s biggest publicly traded companies

There are only three women CEOs at the top 100 publicly traded companies in the Philadelphia region, according to a PwC analysis for the Forum of Executive Women.

2 years ago

Listen 1:07
UAW workers picket outside of the Stellantis Mopar parts facility in Naperville, Ill., on Sept. 22, 2023. The UAW strike against Big Three automakers may not have much of an impact on car shoppers, though that could change. (Scott Olson/Getty Images)
NPR
Business
Economy
Employment

How the UAW strikes could impact car shoppers

Historic as the UAW strikes may be, analysts say the actions are unlikely to impact car prices too much — for now.

2 years ago

Striking auto workers hold signs.
NPR
Economy
Employment
National

How the UAW strike could have ripple effects across the economy

There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected.

2 years ago

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