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Money

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

Tech stocks sink again, Nasdaq has worst month since 2008

The Nasdaq fell 4% for the second time this week and finished April down 13.3%, its biggest monthly loss since 2008.

4 years ago

A Starbucks coffee shop is seen in the background as people protest against the company, holding signs in support of unionizing staffers
NPR
Business
Employment
National

NLRB sues Starbucks for retaliating against 3 workers involved in unionizing

Federal officials asked the court to have the employees reinstated. At least 28 Starbucks stores across the country have voted to form a union.

4 years ago

At a South Jersey gas station, orange cones block one of the lanes. Stations have shut down some pumps because owners have struggled to hire enough attendants, according to the New Jersey Gasoline-Convenience-Automotive Association. (Laura Benshoff/NPR)
NPR
New Jersey
Streets & Roads
Transportation

Amid high gas prices, N.J. weighs lifting its self-service gas ban

Gas station owners argue the move would help ease a labor shortage and bring prices down, but drivers and politicians are wary of changing the practice.

4 years ago

help wanted sign
Economy
Employment
Income Inequality
Pennsylvania

Pennsylvania’s unemployment rate drops to 4.9%

Pennsylvania's unemployment rate dropped by two-tenths of a point in March to 4.9%, another indication the state's jobs picture continues to strengthen.

4 years ago

Dollar bills are seen in the foreground, with the Philly skyline in the background.
Personal Finance
Philadelphia
Taxes
Billy Penn

You have to think ahead to use Philly’s new online tax system, but at least 42,000 people have figured it out

Did COVID, remote work, or job changes make paying taxes more confusing? You’re not alone.

4 years ago

Tesla Elon Musk speaks at the Tesla Giga Texas manufacturing
NPR
Business
Technology

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.

4 years ago

Center City Philadelphia (6abc)
Business
Economy
Philadelphia

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.

4 years ago

Patrick Harker says the Fed will take strong steps to curb inflation but stressed that he's
Business
Delaware
Economy
Philadelphia

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.

4 years ago

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

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.

4 years ago

An illustration of Philly City Hall is overlayed with bitcoin
Philadelphia
Technology
Billy Penn

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.

4 years ago

A shopper walks through the dairy aisle of a grocery store
NPR
Economy
National

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.

4 years ago

Close-up of a red sign that reads
Economy
Employment
National

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.

4 years ago

Customers queue to enter a re-opened Zara
NPR
Business
International
Sustainability

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.

4 years ago

Intuit's 2018 homepage for TurboTax failed to adequately disclose the limits of the
NPR
Law
Personal Finance

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.

4 years ago

People seated at the bar inside a restaurant.
Business
Economy
Food & Drink
Government
Pennsylvania

A ‘meaningless’ change: Restaurant workers say Pa.’s new threshold for tipped wages won’t make much difference

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.

4 years ago

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