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Money

Renovations continue on the Marriner S. Eccles Federal Reserve Board Building on September 19, 2022 in Washington, DC. The Federal Open Market Committee (FOMC) concluded its two-day meeting on interest rates this afternoon. (Kevin Dietsch/Getty Images)
NPR
Business
Economy
National

Fed orders another super-sized interest rate hike as it battles stubborn inflation

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices.

6 months ago

A sticker encourages consumers to join an Etsy strike
Business
Philadelphia
Billy Penn

Ecommerce meets collective bargaining: How a Philly crafter helped organize the Etsy strike and create a new sellers guild

Online platforms are reaping huge profits from the independent merchants that make up their user base.

6 months ago

Elon Musk speaks against a black background
NPR
Business
Technology

Twitter shareholders have approved the $44 billion sale to Elon Musk

Musk has been attempting to back out of the deal, citing concerns about bots on the platform and the security of its user data.

6 months ago

A woman holds a phone up to her ear while looking at a laptop screen outside of a storefront.
Economic Development
Economy
Employment

As small businesses raise prices, some customers push back

Inflation isn’t only costing small businesses money. It’s costing them customers as well.

7 months ago

The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late as a form of COVID-19 relief. (Keith Srakocic/AP)
NPR
Government
Personal Finance
Taxes

You may get an IRS refund if you filed your taxes late during the pandemic

The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief.

7 months ago

FILE - Traffic going eastbound on the Pennsylvania Turnpike proceeds through the electronic toll booths in Cranberry Township, Pa., on Aug. 30, 2021. According to an update in May 2022, the amount of yearly uncollected tolls on the Pennsylvania Turnpike grew by nearly 50% last year, and a new government audit is urging the Turnpike Commission to address the problem and make changes to improve its finances. (AP Photo/Keith Srakocic, File)
Pennsylvania
Streets & Roads
Transportation

Turnpike audit finds uncollected toll problem grows to $155M

Losses had been anticipated after the turnpike converted to all-cash collections in 2020, laying off hundreds of toll collectors and auditors.

7 months ago

Shown is the Benjamin Franklin Bridge and the Philadelphia skyline as seen from the Cramer Hill Waterfront Park in Camden, N.J., Wednesday, April 20, 2022. (AP Photo/Matt Rourke)
Philadelphia
Streets & Roads
Transportation
Travel

AAA: Gas prices won’t deter travelers during Labor Day holiday

Gas prices in the Philadelphia area are hovering around $4 a gallon. AAA says hundreds of thousands of residents will hit the road regardless.

7 months ago

File photo: A Mickey Mantle baseball card is displayed at Heritage Auctions in Dallas, on July 21, 2022. (AP Photo/LM Otero, File)
National
Sports
Visual Arts

Mickey Mantle card breaks record, as sports memorabilia soar

The rare Mantle card eclipsed the record just posted a few months ago — $9.3 million for the jersey worn by Diego Maradona when he scored the controversial “Hand of God” goal.

7 months ago

A Mega Millions lottery ticket at a store on July 29 in Arlington, Va. The winner of the $1.34 billion jackpot has not come forward to claim their prize yet. (Olivier Douliery/AFP via Getty Images)
NPR
National

Someone won the $1.34 billion Mega Millions prize. But they haven’t claimed it

It's been nearly a month since the winning numbers for one of the largest jackpots in Mega Millions history were pulled. But no one has come forward to claim the $1.34 billion

7 months ago

People smile in a store.
NPR
Economy
National
Personal Finance

These are some of the ways inflation is changing Americans’ spending habits

From Walmart to the neighborhood supermarket, retailers across the country are having to adjust as Americans watch their pennies in the face of high inflation.

7 months ago

76 Devcorp chair David Adelman and a rendering showing the proposed Center City arena. (Darco Capital; 76 Place)
Business
Philadelphia
Sports
Billy Penn

What to know about David Adelman, the billionaire leading the push to build a Sixers arena in Center City

A developer from Montgomery County, Adelman already handles one of the largest real estate portfolios in Philly.

8 months ago

A gas pump is seen at a gas station in Houston on June 9. Gas prices have dropped below $4 a gallon in parts of the country, although the national average remains above that level. (Brandon Bell/Getty Images)
NPR
Economy
Personal Finance
Transportation

Gas prices are finally dropping. Here are 4 things to know

The average price of gasoline nationwide is expected to drop below $4 a gallon in the coming days as prices continue to fall from the record highs hit in June.

8 months ago

A parent shops for school supplies deals at a Target store
NPR
Economy
Income Inequality
K-12
National

Binders, backpacks… and inflation are on this year’s back-to-school shopping list

This year's back-to-school shopping season lands in the middle of the highest inflation in four decades — how will this affect spending?

8 months ago

The Mega Millions lottery jackpot is advertised outside a smoke shop
Income Inequality
National
Personal Finance

Winning lottery jackpot is lucky for some, tragic for others

The latest winner of a big jackpot came Friday, when a single ticket sold in Illinois matched the numbers for a $1.337 billion Mega Millions prize.

8 months ago

Homeownership feels out of reach for many Americans. (Seth Wenig/AP)
NPR
Business
Housing
National
Personal Finance

As interest rates rise, the ‘American dream’ of homeownership fades for some

Rising interest rates and fierce competition are pushing many potential homeowners out of the market.

8 months ago

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    Delaware County law enforcement plans to build a ‘real-time crime center’

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    Delaware River spill: Philly water safe to drink through Monday evening; officials encourage residents store tap water

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