
Money
Elon Musk is offering to buy Twitter for $43 billion in cash
Musk's offer comes after the Tesla and SpaceX CEO became Twitter's largest shareholder. Musk says he will unlock Twitter's potential.
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
Impossible to track and sensitive to inflation: Philly ends talks about CityCoin cryptocurrency
Technologists say there are plenty of improvements to be made, but are concerned the group is resistant to change.
3 years ago
Food prices are going up — and at levels Americans haven’t seen in decades
The USDA's latest report found that nearly all major food groups are going up in price.
3 years ago
U.S. added 431,000 jobs in March in sign of economic health
The government’s report showed that last month’s job growth helped shrink the unemployment rate to 3.6%. That’s the lowest rate since the pandemic erupted two years ago.
3 years ago
Europe has designs on making the ‘fast fashion’ industry more sustainable
Under the proposal, the European Commission would set new durability standards and require companies to include how sustainable and recyclable a clothing item is on its label.
3 years ago
Federal Trade Commission accuses Intuit of deceptively advertising TurboTax as free
In a court filing, the agency says that ads claimed TurboTax was "Free Guaranteed," but many people end up paying for the software to file their taxes.
3 years ago
The monthly tip income factored in the minimum wage employers can pay will go up to $135 soon. But it still doesn’t mean a paycheck you can live on.
3 years ago
Powell says Fed will hike further and faster if necessary
Powell's message was more hawkish than his comments were after last week's Fed meeting.
3 years ago
Atlantic City casinos ‘bullish’ on growth for the rest of the year
There is a hope that revenue for Atlantic City casinos continue upward towards pre-pandemic levels by spring.
3 years ago
Fed begins inflation fight with key rate hike, more to come
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s.
3 years ago
Wanted: More money, more meaning, less burnout. What’s fueling the Great Resignation
November saw a record-breaking 4.5 million people leave their jobs, including 143,000 Pennsylvanians.
3 years ago
Listen 5:15McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia
McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric all announced they were suspending their business in Russia in response to the country’s invasion of Ukraine.
3 years ago