Money
Fed begins inflation fight with key rate hike, more to come
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s.
2 months ago
Wanted: More money, more meaning, less burnout. What’s fueling the Great Resignation
November saw a record-breaking 4.5 million people leave their jobs, including 143,000 Pennsylvanians.
2 months ago
Listen 5:15
McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia
McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric all announced they were suspending their business in Russia in response to the country’s invasion of Ukraine.
3 months ago
Gas prices hit record highs in Pennsylvania, New Jersey
Gas prices in New Jersey and Pennsylvania hit all-time highs over the weekend amid tight worldwide oil supplies and increased demand.
3 months ago
Russia’s credit rating is cut to junk, and the dollar hits a new high vs. the ruble
Both the dollar and euro again hit all-time highs against the ruble on Moscow's currency market Thursday, according to Russia's state-run Tass media.
3 months ago
Target is raising its minimum wage to as much as $24 an hour
The retail giant currently pays a $15-per-hour starting wage, but said it would raise it to as much as $24.
3 months ago
Billy Penn
UPS cuts wages more than 20% for hundreds of part-time Philly workers, taking them by surprise
The teamsters union says the pay reduction was illegal.
3 months ago
Stocks are in turmoil as Russia invades Ukraine. Here are 4 things to know
Stocks staged a remarkable recovery after plunging earlier, underlining just how volatile conditions are after Russia invaded Ukraine.
3 months ago
Report: Atlantic City casino smoking ban may cost 2,500 jobs
The Casino Association of New Jersey commissioned the report, which determined that smokers, who account for 21% of Atlantic City gamblers, are worth more to casinos.
3 months ago
The U.S. national women’s soccer team wins $24 million in equal pay settlement
The team filed a class action lawsuit against the U.S. Soccer Federation, saying women's team members were paid thousands of dollars less than the men at nearly every level.
3 months ago
The IRS is assigning more workers to deal with a huge backlog of tax returns
Smaller budgets, fewer employees and increased duties have led to taxpayer frustration this filing season. The IRS is establishing a "surge team" to help with the backlog.
3 months ago
Inflation has many retirees worried about outliving their savings
The highest inflation since the 1980s has many retirees scared. Their retirement nest eggs will be in peril if it persists over the long term.
3 months ago
Billy Penn
Philly is poised to become the first U.S. city to run its own bank
Supporters say public banking will boost Black and brown businesses and spur investment in disadvantaged areas.
3 months ago
Why we’ll probably see avocado prices rise soon in the U.S.
Earlier this week, the U.S. Department of Agriculture put a temporary suspension on avocados from Mexico after an inspector received a threat. Experts say it might lead to a c
3 months ago
Accusations of ‘greenwashing’ by big oil companies are well-founded, a new study finds
Chevron, ExxonMobil, BP and Shell used terms like "climate" and "low-carbon" more frequently in annual reports, but their actions on clean energy didn't match their words.
3 months ago