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The latest news and information from the world's most respected news source. BBC World Service delivers up-to-the-minute news, expert analysis, commentary, features and interviews.

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Money

(Kalim A. Bhatti/The Philadelphia Inquirer)
Pennsylvania
Politics
Spotlight PA

Prospects dimming for behind-the-scenes push to expand video gaming in Pa.

A clash of deep-pocketed lobbying interests and concerns from some rank-and-file Republican lawmakers might stall the effort, though it will probably return in the fall.

5 years ago

The field of horses races down the front stretch on opening day at Delaware Park in Stanton, Delaware. (Mark Eichmann/WHYY)
Delaware
Sports

And they’re off! Live horse racing resumes at Delaware Park

Horses were back on the track, and maybe more importantly for the bottom line, spectators returned for the long-delayed opening day.

5 years ago

A worker paints over a Louis Vuitton storefront boarded up due to the coronavirus outbreak on March 30 in San Francisco.
NPR
Economy
National

The rich have stopped spending and that’s tanked the economy

While retail sales bounced back in May, the wealthiest Americans are not spending as freely as they did before the pandemic. And that could limit the recovery.

5 years ago

Atlantic City casino
Business
New Jersey
Public Health

U.S. casinos push for cashless gambling payments, citing virus

Presently, a small number of casinos use such payments, which include debit or credit cards, as well as apps like Apple Pay, Google Pay, and PayPal.

5 years ago

A pedestrian wearing a mask walks past reader board advertising a job opening for a remodeling company
Business
Economy
National

1.5 million more laid-off workers seek unemployment benefits

The latest figure from the Labor Department marked the 10th straight weekly decline in applications for jobless aid since they peaked in mid-March when COVID-19 hit hard.

5 years ago

Federal Reserve Chair Jerome Powell speaks during a news conference in Washington on March 3. Companies can borrow money from the Fed under its new lending programs, but the central bank's effort to help the economy has had lopsided results.
NPR
Business
Economy
National

The Fed helped companies borrow money. Some laid off thousands anyway.

Companies can borrow money from the Federal Reserve under its new lending programs. It's been good for the stock market, but the economy has seen lopsided results.

5 years ago

Boxes of food at are loaded at the Los Angeles Regional Food Bank on May 5. The country has officially entered a recession amid the pandemic, the National Bureau of Economic Research said Monday.
NPR
Business
Economy
National

It’s official: U.S. economy is in a recession

The committee tasked with marking U.S. business cycles says the economy peaked in February, and has since been in a recession triggered by the pandemic.

5 years ago

A member of the Philadelphia bomb squad surveys the scene after an ATM machine was blown-up at 2207 N. 2nd Street in Philadelphia, Tuesday,  June 2, 2020.  (David Maialetti/The Philadelphia Inquirer via AP)
PlanPhilly
Business
Economy
Philadelphia

Money goes boom: Philly’s history of exploding ATMs

Experts say the spate of ATM explosions have nothing to do with political protest.

5 years ago

A person wearing a protective face mask as a precaution against the coronavirus walks past stuttered businesses in Philadelphia. (AP Photo/Matt Rourke)
Radio Times
Business
Economy
Race & Ethnicity

The future of small businesses as the country reopens

How are businesses going to navigate reopening during a health pandemic and national civic unrest?

Air Date: June 5, 2020 10:00 am

Listen 48:58
The Delaware Capitol building, Dover, De.
Delaware
Politics

In first-ever virtual budget session, Del. lawmakers brace for cuts amid pandemic

Delaware lawmakers are working to balance the state budget in virtual committee hearings after COVID-19 turned a year of spending into a year of cuts.

5 years ago

Hardik Kalra stocks meat in a cooler at a local super market, Friday, May 29, 2020, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
Business
Economy

US food prices see historic jump and are likely to stay high

U.S. shoppers lately have seen the costs of meat, eggs and even potatoes soar as the coronavirus has disrupted processing plants and distribution networks.

5 years ago

Philadelphia small business owners make video pleas for forgivable loans from the Pennsylvania 30 Day Fund. (Images provided by applicants)
Keystone Crossroads
Business

‘Not camera shy’: Pa. businesses trying to survive make video pitches for emergency aid

The fund’s application is slim, but has one demand other programs do not: a pitch made on video.

5 years ago

Listen 3:55
Tablets believed to be laced with fentanyl
NPR
Economy
International

Pandemic disrupts illegal drug trade, upending both product and profits

One researcher says small-scale disruptions are common in the illegal drug trade, but the chaos seen in recent months is nearly unprecedented.

5 years ago

Atlantic City casino
Business
Economy
New Jersey

Coronavirus closures send Atlantic City casino profits down 65%

Second-quarter earnings are sure to be worse because the casinos have been shut all of April and, so far, May, with no reopening date scheduled.

5 years ago

(Jake Dean/Dallas Business Journal)
Business
Economy
Public Health
Philadelphia Business Journal

Home decor retailer to cease operations, liquidate Philadelphia-area stores

A Texas-based home decor retailer has filed a motion seeking bankruptcy court approval to begin a wind-down of its retail operations.

5 years ago

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