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Marketplace

Marketplace focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. It is noted for its accessible coverage of business, economics and personal finance.

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Money

In this photo March 22, 2013, file photo, the exterior of the Internal Revenue Service (IRS) building in Washington. (Susan Walsh/AP Photo, File)
Government Accountability
Personal Finance
Taxes

Furloughed IRS workers must return to work ahead of tax season

The U.S. Treasury Department has asked nearly 50,000 employees to work without pay as the historic government shutdown continues.

7 years ago

Listen 1:57
In this Tuesday, May 20, 2008, file photo, John Bogle, founder of The Vanguard Group, talks during an interview with The Associated Press in New York. Bogle has died at 89. (AP Photo/Mark Lennihan, File)
Business

John Bogle, Vanguard founder, dies at 89

Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when Vanguard introduced the first index fund for individual investors.

7 years ago

Brian Kolfage raised millions of dollars for construction of a wall between the U.S. and Mexico. (Bebeto Matthews/AP)
NPR
Immigration

More than $20 million crowdsourced for border wall will be refunded

As of early Saturday, the campaign had raised $20,328,658, and more than 340,000 people had donated to the GoFundMe page within 26 days.

7 years ago

Federal Reserve Board Gov. Lael Brainard says a growing body of research suggests that diversity leads to better decision-making. (Cliff Owen/AP)
NPR
Business
Gender

The push to break up the boys’ club at the Fed

At a time when more women than men are graduating from college and earning doctorates, just a third of Ph.D.s in economics go to women.

7 years ago

Former Camden Mayor Dana Redd, left, listens during a meeting of the New Jersey Economic Development Authority Thursday, July 10, 2014, in Trenton, N.J., where a vote was taken on a $260 million tax break was approved for Holtec International. (Mel Evans/AP)
Business
Taxes

N.J. tax-break programs poorly monitored, audit finds

As of February 2018, the EDA had approved nearly $11 billion in tax breaks across five different programs statewide.

7 years ago

A SEPTA bus travels west on Walnut Street.
PlanPhilly
Philadelphia
Transportation
PlanPhilly

SEPTA facing $63M capital budget shortfall over motorists' lawsuit

SEPTA is bracing for a possible $63 million shortfall in 2019, pending the outcome of a contentious lawsuit filed in federal court by two motorists’ groups.

7 years ago

Protesters with NYC Fight for $15 gather in front of a McDonalds to rally against fast food executive Andrew Puzder, who was President Trump's nominee to lead the Labor Department on February 13, 2017 in New York City. (Spencer Platt/Getty Images)
NPR
Business

Minimum wages rising in 20 states and several cities

The federal minimum wage has remained at $7.25 an hour since 2009, but in the years since, 29 states and the District of Columbia have established higher minimum wages.

7 years ago

Changes in the tax code mean that charitable donations may no longer be deducted, which could come as a surprise to many taxpayers. (Andrew Harnik/AP)
NPR
National

Those end-of-the-year charitable donations may not help your tax bill

New changes to tax law will make deducting charitable giving from next year's taxes more difficult for taxpayers.

7 years ago

Bucks County Representative Gene DiGirolamo, at his district office desk. DiGirolamo is one of just a few Republicans who strongly supports increasing the dollars provided to counties for human services. He hasn’t had much luck convincing the rest of his caucus. (Katie Meyer/WITF)
Mental Health
Pennsylvania
Public Health
PA Post

State mental health funding hasn’t increased in years. Pa. counties say it’s affecting care.

Most of the mental health care for Pennsylvanians not covered by Medicaid, or insurance is provided through counties and bankrolled by the state. But funding hasn’t increased.

7 years ago

Disgraced Wall Street financier Bernard Madoff leaves U.S. Federal Court after a hearing on March 10, 2009 in New York. Ten years later, victims of his scam are still rebuilding their lives. (Getty Images)
NPR
National

For Madoff victims, scars remain 10 years later

Instead of trading stocks with his clients' money, Bernie Madoff had been operating an enormous Ponzi scheme, paying off old investors with money he got from new ones.

7 years ago

People stand near a statue of George Washington, adjacent to the New York Stock Exchange, background, Saturday, Dec. 22, 2018, at the closed Federal Hall National Memorial in New York.   Now in its 10th year, America's economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat to a growing list of risks. (Craig Ruttle/AP Photo)
Economic Development
National

Partial government shutdown compounds risks for U.S. economy

Now in its 10th year, America's economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat.

7 years ago

Members of the commission that studied the pension, standing behind binders full of documents. (Katie Meyer/WITF)
Pennsylvania
Politics

Pa. officials urge indebted public pension funds to consolidate, change investment strategy

Pennsylvania's treasurer, governor, and a group of lawmakers unveiled a new report Thursday that recommend a slew of changes for the state's two largest public pension funds.

7 years ago

Change in Median Household Income, 2012-2017
Income Inequality
Pennsylvania
PA Post

Pa. income growth lagging, data show

Pennsylvanians are lagging behind the rest of the country when it comes to income growth, according to one metric from the U.S. Census Bureau.

7 years ago

(Campbell Soup Co.)
Philadelphia Business Journal
Business
New Jersey

Campbell Soup Co. names Mark Clouse as its new CEO

This closes out a year filled with a contentious proxy contest, portfolio restructuring and major acquisitions, a new board, and a new strategic plan to right the ship.

7 years ago

Federal Reserve Board Chairman Jerome Powell speaks during a Rural Housing Assistance Council Awards Reception, on Dec. 6 in Washington, D.C. (Mark Wilson/Getty Images)
NPR
Economic Development
National
Personal Finance

Fed raises rates despite Trump attacks, stocks tank

The Fed said in a statement it is raising the key borrowing rate to a range of 2.25 percent to 2.50 percent — the highest level in a decade.

7 years ago

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