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Money

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

More wipes, no jeans: Amazon limits shipments to warehouses

In an attempt to fill its warehouses with toilet paper, hand sanitizer and other items in high demand, Amazon will limit what suppliers can send to its warehouses for 3 weeks.

6 years ago

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus
Economy

Fed to try to ease flow of credit with new lending facility

The Fed announced that it's reviving a program it first used during the 2008 financial crisis to unclog a short-term lending market for what is known as “commercial paper."

6 years ago

This Sept. 6, 2012, file photo, shows the Amazon logo.  (Reed Saxon/AP Photo, File)
Economy
Public Health
Technology

Amazon seeks to hire 100,000 to keep up with surge in orders

Amazon says it needs to hire 100,000 people across the U.S. to keep up with a crush of orders as the coronavirus spreads and keeps more people at home, shopping online.

6 years ago

Markets are falling sharply, even after the Federal Reserve aggressively cut interest rates to near zero. (Johannes Eisele/AFP via Getty Images)
NPR
National

Dow plunges 1,800 points, trading halted after fed slashes rates

U.S. stock indexes fell sharply Monday after the Federal Reserve aggressively cut interest rates to near zero in a bid to stop the economy from crashing.

6 years ago

Nozzles pump gas into vehicles at a BP gas station. (Julio Cortez/AP Photo)
Down the Shore
Business
Energy
New Jersey

Gas prices plummet in N.J.

Drivers in New Jersey and across the nation are seeing plummeting gas prices amid concerns over the coronavirus outbreak and "the ongoing crude price war."

6 years ago

After weeks of turmoil over the economic toll of the coronavirus, U.S. stock indexes entered a bear market, signaling an end to their 11-year winning streak. (Jeenah Moon/Getty Images)
NPR
Business
Economy

Dow plunges 2,300 points: Stocks in meltdown as panic selling continues

The blue chip index was down 8%, moving deeper into a bear market after trading was halted temporarily. It continued its dive after Trump's 30-day ban on travel from Europe.

6 years ago

A renewed local focus is obvious on recent covers COURTESY METRO PHILLY / BILLY PENN ILLUSTRATION
Business
Media
Billy Penn

Metro Philly is hiring, rebooting Philadelphia newsroom under new family owners

The expansion bucks the downward trend in local news.

6 years ago

In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again.  (Mark Lennihan/AP Photo)
Economy
National

Dow sinks 1,400, or 6.4%, as investors await virus response

Stocks are tumbling again Wednesday, and indexes lost more than 4% to wipe out their huge gains from a day earlier as Wall Street keeps reeling on worries about COVID-19.

6 years ago

Wells Fargo CEO and President Charles Scharf testified during a hearing of the House Financial Services Committee. (Alex Brandon/AP Photo)
NPR
Business
Politics

Wells Fargo CEO: ‘We have not done what’s necessary to address our shortcomings’

Charles Scharf told lawmakers that the company's structure and culture "were problematic." But he projected confidence that it could win back the public's trust.

6 years ago

U.S. stock indexes rose nearly 5% Tuesday, after the market's worst day since 2008. (Richard Drew/AP Photo)
NPR
Business
Economy

Dow bounces back, jumping more than 1,100 points after market’s terrible day

Stock indexes rose nearly 5% after the market's worst day since 2008. The jump followed Trump's call for a payroll tax cut and steps to help the economy amid the epidemic.

6 years ago

A trader reacts on the floor of the New York Stock Exchange on Monday. Major U.S. stock indexes plunged 7% before trading was temporarily halted. (Richard Drew/AP)
NPR
Economy

Dow dives 1,900 points, NYSE halts trading as stock indexes plummet

Trading on the New York Stock Exchange was halted temporarily Monday after indexes plunged 7% in reaction to Saudi Arabia's shocking oil-price cut.

6 years ago

Jen Swails, Pennsylvania budget secretary, testifies before the House Appropriations Committee on March 5, 2020, at the state Capitol in Harrisburg. (Ed Mahon/PA Post)
Pennsylvania
Politics
PA Post

GOP lawmakers criticize overspending for Pa.’s medical assistance programs

Budget hearings concluded this week in Harrisburg and showed how far apart Gov. Tom Wolf and the Republican-controlled General Assembly are on agreeing to a spending plan.

6 years ago

In a photo taken Friday, Jan. 11, 2019, Vince Farias poses for The Associated Press outside one of his vacation rental properties in Surf City, N.J. (Julio Cortez/AP Photo)
New Jersey
Taxes
NJ Spotlight

N.J. property taxes bounced back in 2019

The average New Jersey property-tax bill increased by nearly $200 last year as the rate of growth also picked up in 2019 compared to the last few years.

6 years ago

 KENNEY: BASTIAAN SLABBERS / WHYY
Philadelphia
Politics
Billy Penn

Philly’s $5B budget: Tracking the increase over 10 years

Recent surpluses probably won’t carry the city through a recession.

6 years ago

Philadelphia Mayor Jim Kenney addresses the crowd at The Met after he was sworn in to his second term as mayor. (Emma Lee/WHYY)
PlanPhilly
Philadelphia
Politics

Education, labor, and alleviating poverty: A look at Kenney’s 2020 budget proposal

The mayor’s plan doesn’t call for any new tax increases, but it does call for almost $170 million more spending than last year. 

6 years ago

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