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Money

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

Amazon workers participate in a walkout at the company's Bellmawr, N.J., facility.
Business
Employment
New Jersey
Technology

Why Amazon’s wish to reduce its footprint in N.J. will be challenging

A slowdown in online shopping prompts Amazon to rethink the space it has, including a facility it’s closing in South Jersey.

4 years ago

A silhouette of a person standing in an airport is visible, with a plane visible in the background, outside the window.
Business
Economy
Transportation
Travel

Air travelers face cancellations over Memorial Day weekend

Airline travelers are not only facing sticker shock this Memorial Day weekend. They’re also dealing with a pileup of flight cancellations.

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

Final-hour rally yanks Wall Street from maw of bear market

Rising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession.

4 years ago

An American Airlines flight nears Philadelphia International Airport.
Economy
Energy
Philadelphia
Transportation

Good news for refiners, bad for travelers: Diesel and jet fuel costs are skyrocketing

As gas prices in the Philadelphia region continue to climb, jet fuel, diesel, and heating oil charges have skyrocketed.

4 years ago

A Bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach Convention Center in Miami on April 8. Crypto such as Bitcoin have tumbled in recent days as part of a storm hitting all kinds of markets. (Marco Bello/Getty Images)
NPR
Business
Economy
National

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks.

4 years ago

Orange cones at the Lukoil gas station on Route 1 South in West Windsor altering motorists that the gas pump would be open for self-service if New Jersey allowed it. It was part of a demonstration to support a bill in the Assembly that would allow a self-serve option. (P. Kenneth Burns/WHYY)
Energy
New Jersey
Taxes
Transportation

Some N.J. gas stations lower price to demonstrate self-serve savings at the pump

More than 75 gas stations throughout the state demonstrate how much money motorists can save, if the legislature passes a bill permitting self-serve gas.

4 years ago

A customer shops at at a grocery store.
NPR
Income Inequality
National

How people with low income pay the steepest price when inflation hits

The annual inflation rate likely eased somewhat in April, but not enough to meaningfully reduce the burden on Americans with the lowest income.

4 years ago

New apartments on Ridge Avenue in Francisville.
Housing
Philadelphia
Real Estate
Billy Penn

Philly rents grew 6% during the pandemic, but they increased twice as fast in the suburbs

The cost of renting in Philadelphia is lower than many other major cities, but over half of tenants are “cost-burdened.”

4 years ago

Traders work the floor of the New York Stock Exchange in New York City on Thursday. Stocks fell sharply a day after the Federal Reserve raised interest rates by the most in over two decades. (Michael M. Santiago/Getty Images)
NPR
Business
Economy
National

Stocks dive, a day after their best session in years, as economic fears intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

4 years ago

A trader working on the floor of the New York Stock Exchange (NYSE) in New York City on May 2. Stocks surged on Wednesday after the Fed's policy meeting. (Spencer Platt/Getty Images)
NPR
Business
Economy
National

The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.

4 years ago

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