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Money

Members of Local 54 of the Unite Here casino workers union picket outside the Tropicana casino
Business
Employment
New Jersey

Workers at five Atlantic City casinos cash in on new four-year deal

Workers at five of Atlantic City’s largest casinos have approved a new contract that gives them a “significant” raise.

4 years ago

A man stands, speaking, in the foreground of the photo, with a red car and the American flag visible behind him.
Economy
Personal Finance
Technology

Crypto plunge is cautionary tale for public pension funds

The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the few public pension funds that have dipped their toes into the crypto pool.

4 years ago

Close-up of Elon Musk speaking at the SATELLITE Conference and Exhibition March 9, 2020 in Washington.
Business
Technology

Musk abandons deal to buy Twitter; company says it will sue

Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter’s board saying he is terminating the acquisition.

4 years ago

Rides at Funland amusement park
Business
Delaware
Economy
Employment

Summer tourism booming in Rehoboth Beach amid inflation concerns and short-staffing

Delaware beach tourism is on the rise as the summer season gets into full swing. But some businesses are still searching for workers, and grappling with rising prices.

4 years ago

Steph Achter pours water into a glass carafe at a coffee shop
NPR
Employment
Income Inequality
Social Justice

The barista uprising: Coffee shop workers ignite a union renewal

Baristas at Starbucks as well as indie coffeehouses have driven a surge in organizing. They see their activism as benefiting not just themselves, but working people broadly.

4 years ago

The Philadelphia skyline is pictured in a file photo.
Business
Economy
Philadelphia

Center City businesses are rebounding from pandemic, report finds

A new report finds that heavy foot traffic has helped Center City businesses recover from the pandemic.

4 years ago

Members of Local 54 of the Unite Here casino workers union picket outside the Tropicana casino
Business
Employment
Income Inequality
New Jersey

Last-minute deal averts casino strike in Atlantic City

A Sunday strike deadline remains against the Hard Rock casino, but the new pacts appear to greatly increase the likelihood of a deal getting done with Hard Rock as well.

4 years ago

A Philadelphia Gas Works sign
PlanPhilly
Energy
Philadelphia
Sustainability

Refunds to PGW customers for high May bills could cost $12 million — and counting

The high bills were due to a weather “adjustment,” criticized for insulating the utility from the risks of climate change, while customers foot the expense.

4 years ago

A pedestrian passes the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. (AP Photo/John Minchillo)
Business
Economy
National

Stocks rally, driving Wall Street to a rare winning week

Stocks rallied on Wall Street Friday, sending the S&P 500 up 3.1% for its best gain in two years.

4 years ago

A closeup of Philadelphia City Hall
Employment
Philadelphia
Billy Penn

Philly is cutting the wage tax to boost business. What does that mean for workers? (Spoiler: not much)

The wage tax is Philadelphia’s single biggest bucket of revenue, bringing in more than $1.5 billion annually.

4 years ago

File photo: Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022 in Washington. (AP Photo/Alex Brandon, File)
Business
Economy
National

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.

4 years ago

Chris Newsome stands in front of Heart of Hustle at the Cumberland Mall
Business
New Jersey
Race & Ethnicity

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.

4 years ago

Listen 4:34
Travelers queue up in long lines to pass through an airport security checkpoint
NPR
Economy
National
Travel

Summer 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.

4 years ago

A pedestrian passes the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. (AP Photo/John Minchillo)
Economy

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.

4 years ago

Members of Local 54 of the Unite Here casino workers union picket outside the Tropicana casino
Business
Income Inequality
New Jersey

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.

4 years ago

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