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Money

Near the intersection of North Broad Street and West Lehigh Avenue sits a Forman Mills discount department store that anchors a shopping plaza.
Business
Employment
New Jersey
Philadelphia

Discount retailer Forman Mills lays off 119 employees due to ‘economic circumstances’

Attorneys say Forman Mills did not offer 90 days’ notice for the mass layoff and workers are owed millions in severance.

3 years ago

Rowhouses in Center City.
PlanPhilly
Housing
Philadelphia
Real Estate

To buy, or not to buy? Philly’s weak housing market is serving up a mix of emotions

With high mortgage rates and overvalued home prices, some tenants and homeowners are staying put — while others are taking the plunge.

3 years ago

Listen 4:00
Noel Diarra speaks in front of several people gathered around a roundtable.
Economic Development
Economy
International
Philadelphia

Odunde is more than a celebration of African culture; officials say international trade is next

About two dozen business owners, ambassadors, and economic development leaders gathered to discuss how to work better together during the African Business Roundtable.

3 years ago

Listen 1:41
Della Clark speaks at a podium.
PlanPhilly
Business
Philadelphia
Real Estate

Philly nonprofit to help small businesses buy property

The Enterprise Center has a new revolving loan pool earmarked for minority owned small businesses making a major capital investment.

3 years ago

Listen 1:28
Construction workers work on a scaffolding.
NPR
Economy
Employment
National

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

3 years ago

Jaqueline Benitez pushes her cart down an aisle as she shops for groceries.
NPR
National
Personal Finance

3 ways to protect your money if the U.S. defaults on its debt

Personal finance experts say you should prepare for a possible debt default as you would a recession.

3 years ago

Schuylkill Expressway
Business
Philadelphia
Travel

Philly businesses prepare for big crowds Memorial Day weekend

Memorial Day weekend travel projections show that demand for tourism will be high this summer.

3 years ago

Listen 1:41
A look down a street in Center City, Philly.
PlanPhilly
Housing
Philadelphia
Real Estate

Philly is among only 4 metro areas where buying a home is cheaper than renting

New research from Redfin compared the estimated median monthly mortgage payments to estimated median monthly rent payments.

3 years ago

Listen 1:11
A for sale sign is visible on a street in Fishtown, Philadelphia.
Business
Housing
Real Estate

Home prices across Pennsylvania, New Jersey, and Delaware continue to climb

Realtors across the tri-state region say homebuyer demand remains strong despite a steady hike in the cost to purchase a home, recent housing data shows.

3 years ago

A technician is working on a machine in a factory
Business
Economic Development
Economy
Employment

Philly Fed: Manufacturing slump lingers across the region

The Philadelphia Federal Reserve’s monthly survey of manufacturers found that activity in the region continued to decline for the ninth time in a row.

3 years ago

3M logo at New York Stock Exchange
Business
National

3M fires company executive for inappropriate conduct weeks after promotion

3M has fired prominent executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the company announced on Monday.

3 years ago

Students at Pasadena City College, in Pasadena, Calif., participate in a graduation ceremony in 2019. (Robyn Beck/AFP via Getty Images)
Higher Education
National

The U.S. has approved $42 billion in loan forgiveness for public service workers. Here’s what to know

The Public Service Loan Forgiveness program is open to teachers, librarians, nurses, public interest lawyers, military members and other public workers.

3 years ago

First Republic Bank Shares Plunge Over 50 Percent One Day After Earnings Report
NPR
Business
Economy
Government
National

JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

JPMorgan Chase is buying First Republic Bank's deposits, and a "substantial amount of their assets and certain liabilities."

3 years ago

People stand outside a Silicon Valley Bank branch in Santa Clara, Calif., Friday, March 10, 2023. The Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March. 
(AP Photo/Jeff Chiu, File)
Business
National
Technology

Fed faults Silicon Valley Bank execs in bank failure

The report issued Friday takes a critical look at what the Fed missed as Silicon Valley Bank grew quickly in size in the years leading up to its collapse.

3 years ago

Bed Bath & Beyond shopping carts
Economy
Explainers
National

How will we know if the U.S. economy is in a recession?

Many economists, though, still expect a recession to hit as soon as the current April-June quarter — or soon thereafter.

4 years ago

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