
Money
Crypto plunge is cautionary tale for public pension funds
The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the few public pension funds that have dipped their toes into the crypto pool.
1 year ago
Musk abandons deal to buy Twitter; company says it will sue
Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter’s board saying he is terminating the acquisition.
1 year ago
Summer tourism booming in Rehoboth Beach amid inflation concerns and short-staffing
Delaware beach tourism is on the rise as the summer season gets into full swing. But some businesses are still searching for workers, and grappling with rising prices.
1 year ago
The barista uprising: Coffee shop workers ignite a union renewal
Baristas at Starbucks as well as indie coffeehouses have driven a surge in organizing. They see their activism as benefiting not just themselves, but working people broadly.
1 year ago
Center City businesses are rebounding from pandemic, report finds
A new report finds that heavy foot traffic has helped Center City businesses recover from the pandemic.
1 year ago
Last-minute deal averts casino strike in Atlantic City
A Sunday strike deadline remains against the Hard Rock casino, but the new pacts appear to greatly increase the likelihood of a deal getting done with Hard Rock as well.
1 year ago
Refunds to PGW customers for high May bills could cost $12 million — and counting
The high bills were due to a weather “adjustment,” criticized for insulating the utility from the risks of climate change, while customers foot the expense.
1 year ago
Stocks rally, driving Wall Street to a rare winning week
Stocks rallied on Wall Street Friday, sending the S&P 500 up 3.1% for its best gain in two years.
1 year ago
The wage tax is Philadelphia’s single biggest bucket of revenue, bringing in more than $1.5 billion annually.
1 year ago
Fed attacks inflation with its largest rate hike since 1994
The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans.
1 year ago
Black-owned businesses are booming in New Jersey. But there’s a catch
Black-owned businesses are rebounding in the Garden State. But they still lack access to capital in a way their white counterparts do not.
1 year ago
Listen 4:34Summer air travel could be expensive and chaotic. Here’s how to avoid trouble
Air travel demand is back to pre-pandemic levels, while fares are soaring. Staffing shortages leave airlines with little wiggle room when bad weather hits.
1 year ago
Wall Street enters a bear market as the S&P 500 dives 3.9%
Wall Street entered a bear market Monday as the S&P 500 sank 3.9%, bringing it more than 20% below the record high it set in January.
1 year ago
Union to vote on authorizing Atlantic City casino strike
Local 54 of the Unite Here union will decide whether to authorize union leadership to call a strike against any or all of the nine casinos.
1 year ago
Gas hits $5 a gallon for the first time. Here’s how it got here and what’s ahead
Gasoline has become more expensive given that oil prices have surged as the world recovers from the pandemic. Russia's invasion of Ukraine has also made things worse.
1 year ago