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Money

A for sale sign is visible on a street in Fishtown, Philadelphia.
Business
Housing
Real Estate

Home prices across Pennsylvania, New Jersey, and Delaware continue to climb

Realtors across the tri-state region say homebuyer demand remains strong despite a steady hike in the cost to purchase a home, recent housing data shows.

2 years ago

A technician is working on a machine in a factory
Business
Economic Development
Economy
Employment

Philly Fed: Manufacturing slump lingers across the region

The Philadelphia Federal Reserve’s monthly survey of manufacturers found that activity in the region continued to decline for the ninth time in a row.

2 years ago

3M logo at New York Stock Exchange
Business
National

3M fires company executive for inappropriate conduct weeks after promotion

3M has fired prominent executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the company announced on Monday.

2 years ago

Students at Pasadena City College, in Pasadena, Calif., participate in a graduation ceremony in 2019. (Robyn Beck/AFP via Getty Images)
Higher Education
National

The U.S. has approved $42 billion in loan forgiveness for public service workers. Here’s what to know

The Public Service Loan Forgiveness program is open to teachers, librarians, nurses, public interest lawyers, military members and other public workers.

2 years ago

First Republic Bank Shares Plunge Over 50 Percent One Day After Earnings Report
NPR
Business
Economy
Government
National

JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

JPMorgan Chase is buying First Republic Bank's deposits, and a "substantial amount of their assets and certain liabilities."

2 years ago

People stand outside a Silicon Valley Bank branch in Santa Clara, Calif., Friday, March 10, 2023. The Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March. 
(AP Photo/Jeff Chiu, File)
Business
National
Technology

Fed faults Silicon Valley Bank execs in bank failure

The report issued Friday takes a critical look at what the Fed missed as Silicon Valley Bank grew quickly in size in the years leading up to its collapse.

2 years ago

Bed Bath & Beyond shopping carts
Economy
Explainers
National

How will we know if the U.S. economy is in a recession?

Many economists, though, still expect a recession to hit as soon as the current April-June quarter — or soon thereafter.

2 years ago

Shares of First Republic Bank plunged again today, as investors react to financial disclosures from the bank
NPR
Business
Economy
National

First Republic Bank shares plummet, reigniting fears about U.S. banking sector

Trading of First Republic Bank shares were halted multiple times today, as investors sold off shares, alarmed by financial disclosures from the bank.

2 years ago

Bed Bath & Beyond has lost shoppers and money after a series of ineffective or mistimed turnaround attempts. It has also exhausted numerous financial lifelines. Shown here is a Bed Bath & Beyond store in Westbury, New York
NPR
Business
Economy
New Jersey

Homeware giant Bed Bath & Beyond has filed for bankruptcy

The retailer founded in Springfield, N.J., which also owns the BuyBuy Baby chain, has lost shoppers and money after a series of ineffective or mistimed turnaround attempts.

2 years ago

Lyft IPO
NPR
Business
Economy
Employment

Lyft is the latest tech company to cut jobs

"Lyft will 'significantly reduce' its staff as part of a company-wide restructuring", said on friday by CEO David Risher.

2 years ago

Buzzfeed Layoffs
Business
Economy
National

BuzzFeed to close news division, cut 15% of all staff

Pulitzer prize winning digital media company BuzzFeed will shut down its news division as it cuts about 15% of its entire staff.

2 years ago

Sports Betting Advertising
Business
National
Sports

Major leagues, broadcasters pledge responsible betting ads

The Coalition for Responsible Sports Betting Advertising consists of the NFL; Major League Baseball; the NBA and WNBA; the NHL, Major League Soccer and NASCAR.

2 years ago

A portion of the 1040 U.S. Individual Income Tax Return form is shown
Business
National
Personal Finance
Taxes

New push on U.S.-run free electronic tax-filing system for all

The IRS has been tasked with looking into how to create a government-operated electronic free-file tax return system. But that doesn’t sit well with tax-prep companies.

2 years ago

A man waits outside a H&R Block tax preparation office
Economy
National
Personal Finance

Haven’t filed taxes yet? Don’t panic. Here’s what to know

Experts recommend pulling together all of the documents you need and then giving yourself a chunk of time to sit down and get it done.

2 years ago

The likeness of Benjamin Franklin is seen on a U.S. $100 bill, Wednesday, Feb. 22, 2023, in Marple Township
Economy
Personal Finance
Taxes

Your tax refund could be smaller than last year. Here’s why

The 90 million taxpayers who have filed as of March 31 got refunds that were an average of nearly 10% less than last year.

2 years ago

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