Money
Inflation soars to an over 40-year high. These are the ways Americans are coping
Consumers are watching their pennies at the gas station and grocery store as prices soar, but continue to spend freely in other areas by tapping savings or credit cards.
2 years ago
No, you’re not imagining it — package sizes are shrinking
Experts say shrinkflation proliferates in times of high inflation as companies grapple with rising costs for ingredients, packaging, and labor.
2 years ago
Digital currencies flow to campaigns, but state rules vary
Cryptocurrency donations have become a big part of fundraising for many candidates running for office across the U.S. But not all candidates can solicit those donations.
2 years ago
Soaring inflation divides spending for haves and have-nots
Americans at the low end of the income rung are once again struggling to make ends meet.
2 years ago
Why Amazon’s wish to reduce its footprint in N.J. will be challenging
A slowdown in online shopping prompts Amazon to rethink the space it has, including a facility it’s closing in South Jersey.
2 years ago
Air travelers face cancellations over Memorial Day weekend
Airline travelers are not only facing sticker shock this Memorial Day weekend. They’re also dealing with a pileup of flight cancellations.
2 years ago
Final-hour rally yanks Wall Street from maw of bear market
Rising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession.
2 years ago
Good news for refiners, bad for travelers: Diesel and jet fuel costs are skyrocketing
As gas prices in the Philadelphia region continue to climb, jet fuel, diesel, and heating oil charges have skyrocketed.
2 years ago
4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down
Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks.
2 years ago
Some N.J. gas stations lower price to demonstrate self-serve savings at the pump
More than 75 gas stations throughout the state demonstrate how much money motorists can save, if the legislature passes a bill permitting self-serve gas.
2 years ago
How people with low income pay the steepest price when inflation hits
The annual inflation rate likely eased somewhat in April, but not enough to meaningfully reduce the burden on Americans with the lowest income.
2 years ago
Philly rents grew 6% during the pandemic, but they increased twice as fast in the suburbs
The cost of renting in Philadelphia is lower than many other major cities, but over half of tenants are “cost-burdened.”
2 years ago
Stocks dive, a day after their best session in years, as economic fears intensify
The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
2 years ago
The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes
Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
2 years ago
Fed raises key rate by a half-point in bid to tame inflation
The increase in the Fed’s key short-term rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago.
2 years ago