
Money
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.
3 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.
3 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.
3 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.
3 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.
3 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.
3 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.”
3 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.
3 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.
3 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.
3 years ago
Pennsylvania’s unemployment rate drops to 4.9%
Pennsylvania's unemployment rate dropped by two-tenths of a point in March to 4.9%, another indication the state's jobs picture continues to strengthen.
3 years ago
Did COVID, remote work, or job changes make paying taxes more confusing? You’re not alone.
3 years ago
Philly falls short of local purchasing goals during pandemic
Just 26% of Philadelphia’s spending on goods and services went to local suppliers, well short of the city’s 58% goal.
3 years ago
Philly Fed president calls inflation ‘the 10% elephant in the room’
The former University of Delaware president stressed that the economy has been resilient during the pandemic but war in Ukraine will lead to short-term price hikes.
3 years ago
Elon Musk joins Twitter board after amassing massive stake
Elon Musk is joining Twitter’s board of directors, one day after it was disclosed that the Tesla CEO took a 9% stake in the social media platform.
3 years ago