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Money
Fed attacks inflation with its largest rate hike since 1994
The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans.
3 years ago
Black-owned businesses are booming in New Jersey. But there’s a catch
Black-owned businesses are rebounding in the Garden State. But they still lack access to capital in a way their white counterparts do not.
3 years ago
Listen 4:34Summer air travel could be expensive and chaotic. Here’s how to avoid trouble
Air travel demand is back to pre-pandemic levels, while fares are soaring. Staffing shortages leave airlines with little wiggle room when bad weather hits.
3 years ago
Wall Street enters a bear market as the S&P 500 dives 3.9%
Wall Street entered a bear market Monday as the S&P 500 sank 3.9%, bringing it more than 20% below the record high it set in January.
3 years ago
Union to vote on authorizing Atlantic City casino strike
Local 54 of the Unite Here union will decide whether to authorize union leadership to call a strike against any or all of the nine casinos.
3 years ago
Gas hits $5 a gallon for the first time. Here’s how it got here and what’s ahead
Gasoline has become more expensive given that oil prices have surged as the world recovers from the pandemic. Russia's invasion of Ukraine has also made things worse.
3 years ago
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.
3 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.
3 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.
3 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.
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
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.
3 years ago