Money

Twitter says the layoffs are necessary to "ensure the company's success moving forward." Employees have sued, saying Musk failed to give advanced notice as required by law.

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation.

Phillies World Series tickets are selling for thousands above list price, proving some fans won’t let anything stop them from the chance to see their team win it all.

Philly hotels and restaurants are preparing for a bump, but measuring the economic impact of sports is an “inexact science.”

The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.

Electing sympathetic policymakers is one way to make change. Organizing is the other.

After a federal indictment, Chuck Seidman went on to gain Donald Trump as a client.

The Dow dropped more than 450 points to close at the lowest level since November 2020.

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices.

Online platforms are reaping huge profits from the independent merchants that make up their user base.

Musk has been attempting to back out of the deal, citing concerns about bots on the platform and the security of its user data.

Inflation isn’t only costing small businesses money. It’s costing them customers as well.

The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief.

Losses had been anticipated after the turnpike converted to all-cash collections in 2020, laying off hundreds of toll collectors and auditors.

Gas prices in the Philadelphia area are hovering around $4 a gallon. AAA says hundreds of thousands of residents will hit the road regardless.