Money

The average transaction price for a new car in July was $48,334, a slight dip from June and only a 0.4% year-over-year increase, according to Kelley Blue Book.

The Federal Reserve Bank of Philadelphia’s president forecasts inflation decline without more interest rate hikes.

Sunburn treatments are tax-free, but sunblock isn’t. And pumpkins escape sales tax, but only if you’re planning on one for dinner.

The clean technology startup that builds wireless charging devices for large electric vehicles opened a new research and development laboratory in King of Prussia.

The majority of small businesses across the Delaware Valley did not see an increase in revenue during 2022, but that’s an improvement since the COVID-19 pandemic began.

Yields were mixed after Fitch cut the U.S. government’s credit rating. The downgrade strikes at the core of the financial system.

Mega Millions says the new potential jackpot is the fourth-largest in the history of the game and the fifth over $1 billion.

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 rise in tipping has many customers fuming, but one worker who depends on tips says most customers misunderstand what they are.

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.

Annual inflation hit 3% in June, the lowest since March 2021, a sign that the Federal Reserve's aggressive rate hikes are having an impact.