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Money

Bede Jordan and Stefan Kalb pose for a photo in front of a brick wall.
NPR
Business
Economy
Technology

Silicon Valley Bank failure could wipe out ‘a whole generation of startups’

The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely.

3 years ago

Millions of households across 32 states and the District of Columbia are receiving far less in SNAP benefits this month as Congress unwinds pandemic-era assistance. (Brandon Bell/Getty Images)
NPR
Economy
Food & Drink
Income Inequality

What SNAP recipients can expect as benefits shrink in March

More than 80% of SNAP beneficiaries are working families, people with disabilities, or elderly people, according to the U.S. Department of Agriculture.

3 years ago

A customer (right) makes a sports bet at the Ocean Casino Resort in Atlantic City, N.J., Monday, Feb. 6, 2023
Philadelphia
Sports

Super Bowl gambling surging as states legalize it? You bet

The American Gaming Association says over 50 million U.S. adults plan to bet on the game, wagering a total of $16 billion. But most of that will happen off the books.

3 years ago

Federal Reserve Chair Jerome Powell speaks during a news conference
Economy
Government
National
Personal Finance

Fed lifts rate by quarter-point and signals more hikes ahead

Though smaller than its previous hike the latest move will likely further raise the costs of many consumer and business loans and the risk of a recession.

3 years ago

Philadelphia Eagles running back Boston Scott (35) and quarterback Jalen Hurts celebrate after the NFC Championship NFL football game between the Philadelphia Eagles and the San Francisco 49ers
Personal Finance
Philadelphia
Sports
6abc

How much will it cost to see Eagles play Chiefs in Super Bowl LVII?

If you want to watch the game in person on Feb. 12 in Glendale, Arizona, it's going to cost you a lot.

3 years ago

An aerial view of the N.J. General Assembly
Economy
Employment
Government
New Jersey

Minimum wage workers in New Jersey to get a $1 raise Sunday

The Garden State joins Delaware and New York in getting closer to $ 15-an-hour minimum wage.

3 years ago

A customer fills out a Mega Millions lottery ticket
National

Mega Millions Tuesday jackpot surpasses estimated $565M

Lottery officials estimate Tuesday's prize at $565 million — or more than $293 million if delivered in cash — after there were no lucky winners in Friday's drawing.

3 years ago

Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. (Drew Angerer/Getty Images)
NPR
Business
Economy
National

The Fed continues its crackdown on inflation, pushing up interest rates again

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

3 years ago

FILE - The FTX Arena logo is seen where the Miami Heat basketball team plays on Nov. 12, 2022, in Miami. The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney’s office in New York said Monday, Dec. 12. (AP Photo/Marta Lavandier, File)
Crime
Economy

FTX’s Bankman-Fried charged by U.S. for ‘scheme’ to defraud

Bankman-Fried was arrested Monday by Bahamian authorities at the request of the U.S. government.

3 years ago

File photo: The FTX Arena logo is seen where the Miami Heat basketball team plays on Nov. 12, 2022, in Miami. (AP Photo/Marta Lavandier, File)
Criminal Justice
International
Technology

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

Bankman-Fried is under criminal investigation by U.S. and Bahamian authorities following the collapse last month of FTX.

3 years ago

Twitter headquarters is shown in San Francisco on Nov. 4, 2022. (Jeff Chiu/AP)
NPR
Business
Technology

Elon Musk set to relaunch Twitter Blue with higher price for iPhone users

The company says it has a new process to avoid the chaos that followed the first attempt. That led to a flood of accounts impersonating companies, politicians and celebrities.

3 years ago

The Philadelphia skyline is pictured at night
Business
Economic Development
Economy
Philadelphia

Philly’s $500 million budget surplus could disappear if there is a financial downturn

A new report finds Philly has a sizable budget surplus for the first time in a long time.

3 years ago

A person's hands are seen on a keyboard in front of a computer screen that has the word 'SALE' written on it
Business
National
Personal Finance

Cyber Monday deals lure in consumers amid high inflation

Cyber Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales.

3 years ago

A person with shopping bags walks by a sign advertising Black Friday sales.
NPR
Business
Economy
National
Personal Finance

Here’s how inflation is changing holiday deals and shopping

Shoppers are expected to spend a record amount of money this year because nearly everything is more expensive. There are some relative bargains, if you know where to look.

3 years ago

Two people stand at the counter of a store. Plants are visible in the background.
PlanPhilly
Business
Economic Development
Economy
Philadelphia

‘It’s an experience, not a transaction’: Despite closures, Center City retail rebounds closer to pre-pandemic levels

More than 175 new retailers, restaurants, and businesses have opened in Center City since 2020, getting Philly closer to its pre-pandemic retail occupancy rates.

3 years ago

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