Money

Nearly 69,000 former public school and state workers retired before Pennsylvania boosted pension payments two decades ago. Some lawmakers now want to give them an increase.

Driving the gain was a burst of business investment, which surged at a 5.7% annual pace, the fastest rate since late 2021.

The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level since 2001.

The union contract between 5,000 Philadelphia Teamsters and UPS will expire on July 31. If no deal is reached, members have authorized a strike.

The new Fishtown hotel known as Riversuites is expected to open by the end of the year.

The Delaware Black Chamber of Commerce formed in 2020 to help Black business owners grow while creating new opportunities for others.

Prices remain high, but aren’t growing at the rate they were during the pandemic.

The Providence, Rhode Island-based business decided to consolidate its warehouse operations.

Even leisure and hospitality, which has been slower to recover since the pandemic began, has seen a full recovery.

Meta unveiled an app to rival Twitter on Wednesday. Called Threads, the new offering is billed as a text-based version of Meta’s photo-sharing app Instagram.

In the past five years, the median sale price for a home in Pa. nearly doubled, data from the state realtors association shows.

Pew Charitable Trusts in Philadelphia has been tracking economic indicators related to the COVID-19 pandemic for the past three years. Here’s what they found.

The medical marijuana industry across Pa. generates $7.3 billion in retail sales. Workers say they want more than $17 an hour, and have voted to unionize.

SCP Auctions says the jersey and shorts that Chamberlain wore during the 1959-60 season were sold to filmmaker Rob Gough.

Medical marijuana dispensary operators say zoning that prohibits recreational sales in some Philly neighborhoods would curb economic growth.