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Money

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.

6 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.

6 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.

6 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.

6 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.

6 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.

6 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.

6 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.

6 years ago

Facebook hopes to make commerce a bigger part of its operation by letting businesses set up storefronts in its apps. (Facebook)
NPR
Business
Economy

Facebook launches virtual shopping mall, saying it will help small businesses

The social network is positioning its new commerce feature as a way to help small businesses that have been hit hard by the coronavirus pandemic.

6 years ago

This July 17, 2019, file photo shows an Amazon shipping truck at a fulfillment center in Phoenix. (Ross D. Franklin/AP Photo)
Business
Delaware

Amazon to open new fulfillment center on site of former GM plant near Wilmington

A former General Motors assembly plant will be home to Delaware’s newest Amazon warehouse. The company said it plans to hire 1,000 workers.

6 years ago

Uber is restructuring its business to focus on rides and food delivery, which has been a bright spot for the company during the pandemic. (Pascal Guyot/AFP via Getty Images)
NPR
Business
Economy
Transportation

Uber cuts 3,000 more jobs as pandemic squeezes ride-hailing

The company is slimming down to focus on rides and food delivery while cutting $1 billion in costs this year.

6 years ago

Community FoodBank of New Jersey
Business
Economy
New Jersey
NJ Spotlight

Casino workers struggle as Atlantic City sees last year’s gains fade away

While casinos and local unions formulate guidelines for reopening, city government fights off a referendum and out-of-work residents line up for food.

6 years ago

A teacher reads to kids at Step by Step School for Early Learning in State College, Pa. (Min Xian/Keystone Crossroads)
Keystone Crossroads
Business
Pennsylvania
Public Health

Child care centers in Pa.: bellwether for how tricky it will be to fully reopen economy

As idled businesses begin to restart across the state, child care providers in ‘yellow’ counties say they are reopening slowly, if at all.

6 years ago

Listen 4:25
Shoppers walks past a sign encouraging masks at SouthPark Mall, Wednesday, May 13, 2020, in Strongsville, Ohio. (AP Photo/Tony Dejak)
Business
Economy

US retail sales plunged a record 16% in April as virus hit

Other than online, not a single retail category was spared in April. Auto dealers suffered a monthly drop of 13%.

6 years ago

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