Money
More than 175 new retailers, restaurants, and businesses have opened in Center City since 2020, getting Philly closer to its pre-pandemic retail occupancy rates.
2 years ago
Listen 4:27Pa.’s Senate race was the most expensive in history. What else could you get for $375 million?
The mind-boggling totals make one wonder: Is this really the best use of Americans’ money? What else could you get for the cost of Pennsylvania’s Senate race?
2 years ago
Twitter layoffs begin, sparking a lawsuit and backlash
Twitter says the layoffs are necessary to "ensure the company's success moving forward." Employees have sued, saying Musk failed to give advanced notice as required by law.
2 years ago
The Fed orders another jumbo interest rate hike. Many are wondering what’s next
The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation.
2 years ago
Recession-proof? World Series ticket market shows no sign of economic downturn
Phillies World Series tickets are selling for thousands above list price, proving some fans won’t let anything stop them from the chance to see their team win it all.
2 years ago
The ‘inexact science’ of measuring the World Series’ impact on Philly’s bottom line
Philly hotels and restaurants are preparing for a bump, but measuring the economic impact of sports is an “inexact science.”
2 years ago
The IRS is increasing the standard deductions for 2023 as inflation intensifies
The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.
2 years ago
After decades of ‘quiet fleecing,’ Philadelphia could lead a workers’ revolution
Electing sympathetic policymakers is one way to make change. Organizing is the other.
2 years ago
The 1980s Philly sweepstakes charlatan who swindled folks out of $2 million in prizes
After a federal indictment, Chuck Seidman went on to gain Donald Trump as a client.
2 years ago
Stock markets drop as Wall Street takes a gloomy view of the economy
The Dow dropped more than 450 points to close at the lowest level since November 2020.
2 years ago
Fed orders another super-sized interest rate hike as it battles stubborn inflation
The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices.
2 years ago
Online platforms are reaping huge profits from the independent merchants that make up their user base.
2 years ago
Twitter shareholders have approved the $44 billion sale to Elon Musk
Musk has been attempting to back out of the deal, citing concerns about bots on the platform and the security of its user data.
2 years ago
As small businesses raise prices, some customers push back
Inflation isn’t only costing small businesses money. It’s costing them customers as well.
2 years ago
You may get an IRS refund if you filed your taxes late during the pandemic
The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief.
2 years ago