Money
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
Starbucks says employees getting new benefits, but not at stores that are unionizing
On an investor call, Schultz said Starbucks was investing $1 billion to raise wages, enhance benefits and modernize stores. But unionized stores won't get some of that.
2 years ago
With property values up 21%, Kenney proposes relief for growing real estate taxes
As anyone currently in the market for a house can tell you, property values in Philadelphia are soaring — and soon, home owners will know exactly how much.
2 years ago
4 things to know as the Fed embarks on its biggest fight against inflation in years
The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain
2 years ago
Here are 3 reasons why stocks are tanking
Stocks were pummeled on Friday with the Nasdaq slumping more than 4% to post its worst month since 2008. Why things have gotten so bad in Wall Street.
2 years ago
Tech stocks sink again, Nasdaq has worst month since 2008
The Nasdaq fell 4% for the second time this week and finished April down 13.3%, its biggest monthly loss since 2008.
2 years ago