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Money

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

A gas pump is seen at a Chevron gas station on June 9 in Houston, Texas. Gas prices nationally hit an average of $5 a gallon, according to AAA. (Brandon Bell/Getty Images)
NPR
Economy
Energy
Transportation

Gas hits $5 a gallon for the first time. Here’s how it got here and what’s ahead

Gasoline has become more expensive given that oil prices have surged as the world recovers from the pandemic. Russia's invasion of Ukraine has also made things worse.

4 years ago

A shopper pushes their shopping cart in a grocery store, with fresh produce visible in the background.
NPR
Economy
Home & Family
Income Inequality
National

Inflation soars to an over 40-year high. These are the ways Americans are coping

Consumers are watching their pennies at the gas station and grocery store as prices soar, but continue to spend freely in other areas by tapping savings or credit cards.

4 years ago

Bottles of Gatorade are pictured, left, a 32 fluid ounce and 28 fluid ounce
Business
Economy

No, you’re not imagining it — package sizes are shrinking

Experts say shrinkflation proliferates in times of high inflation as companies grapple with rising costs for ingredients, packaging, and labor.

4 years ago

Shrina Kurani, a Democrat candidate for Congress running in the California's 41st District poses for a picture at her field office in Riverside, Calif., Saturday, May 28, 2022. As a congressional candidate in California, Kurani can do something candidates for statewide office or the state legislature cannot do, raise campaign donations through cryptocurrency. The state banned the practice four years ago, but under federal rules it's allowed for candidates running for Congress.
Economy
Elections
Politics

Digital currencies flow to campaigns, but state rules vary

Cryptocurrency donations have become a big part of fundraising for many candidates running for office across the U.S. But not all candidates can solicit those donations.

4 years ago

Volunteers sort food at the Community FoodBank of New Jersey.
Economy
Income Inequality
National

Soaring inflation divides spending for haves and have-nots

Americans at the low end of the income rung are once again struggling to make ends meet.

4 years ago

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