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Business

The boardwalk in Ocean City, N.J.
Down the Shore
Community

‘We are running out of time,’ boardwalk business owners say to Murphy

Business owners on the Ocean City boardwalk are pleading with New Jersey Gov. Phil Murphy to lift restrictions.

6 years ago

Federal Reserve Chair Jerome Powell speaks during a news conference in Washington on March 3. Companies can borrow money from the Fed under its new lending programs, but the central bank's effort to help the economy has had lopsided results.
NPR
Money

The Fed helped companies borrow money. Some laid off thousands anyway.

Companies can borrow money from the Federal Reserve under its new lending programs. It's been good for the stock market, but the economy has seen lopsided results.

6 years ago

An airwoman provides a COVID-19 test
Health

Pa. coronavirus recovery: Pa. DOH orders measures to protect hospital staff and patients

The order covers medical and nursing staff as well as other employees like those in housekeeping and maintenance, and applies to all hospitals licensed by the department.

6 years ago

Boxes of food at are loaded at the Los Angeles Regional Food Bank on May 5. The country has officially entered a recession amid the pandemic, the National Bureau of Economic Research said Monday.
NPR
Money

It’s official: U.S. economy is in a recession

The committee tasked with marking U.S. business cycles says the economy peaked in February, and has since been in a recession triggered by the pandemic.

6 years ago

ResinTech building
Community

Camden rekindles industrial past, new plant fueled by tax breaks

ResinTech, which makes water filtration products, is set to open later this month with the help of up to $139 million in taxpayer-funded subsidies.

6 years ago

Listen 4:06
A member of the Philadelphia bomb squad surveys the scene after an ATM machine was blown-up at 2207 N. 2nd Street in Philadelphia, Tuesday,  June 2, 2020.  (David Maialetti/The Philadelphia Inquirer via AP)
PlanPhilly
Money

Money goes boom: Philly’s history of exploding ATMs

Experts say the spate of ATM explosions have nothing to do with political protest.

6 years ago

A customer walks out of a U.S. Post Office branch and under a banner advertising a job opening
Politics & Policy

Unemployment rate falls to 13.3%, US adds 2.5 million jobs

The government said Friday that the economy added 2.5 million jobs last month, driving unemployment down from 14.7% in April.

6 years ago

A sign marking the entrance to ESPN's Wide World of Sports at Walt Disney World is seen Wednesday, June 3, 2020, in Kissimmee, Fla. (AP Photo/John Raoux)
Community

NBA owners approve 22-team season restart plan

The NBA took a major step toward getting back on the court Thursday, with the league’s board approving a 22-team format for restarting the league season next month.

6 years ago

A person wearing a protective face mask as a precaution against the coronavirus walks past stuttered businesses in Philadelphia. (AP Photo/Matt Rourke)
Radio Times
Money

The future of small businesses as the country reopens

How are businesses going to navigate reopening during a health pandemic and national civic unrest?

Air Date: June 5, 2020 10:00 am

Listen 48:58
Juan Santos
Community

1.9 million seek jobless aid even as reopenings slow layoffs

The diminishing pace suggests the job market meltdown triggered by COVID-19 may have bottomed out as more companies call at least some of their former employees back to work.

6 years ago

Councilmember Kenyatta Johnson spoke with workers and community members at Woodland Village Plaza in Southwest Philadelphia on Tuesday morning. (Meir Rinde for WHYY)
PlanPhilly
Community

‘We are resilient’ Black community leaders work to rebuild battered Southwest Philly mall

Ron Nowell returned to work at Four Seasons meat market Tuesday after guarding the store from looters on Sunday. He and others are now focused on recovery.

6 years ago

New Jersey Gov. Phil Murphy

N.J. stores, outdoor dining to reopen on June 15 barring coronavirus ‘backslide’

A week later, salons and barbershops can serve customers again, Gov. Phil Murphy said, while gyms and health clubs can reopen sometime after that.

6 years ago

Minnesota State Police formed a barricade in front of a Target store in the city of St. Paul.
NPR
Community

Target says it will temporarily close stores in several states as protests continue

The announcement on Saturday from the nation's eighth-largest retailer came after Target stores in multiple cities became scenes of violence and unrest.

6 years ago

A customer picks up jugs of coffee at Flow State Coffeebar in Fishtown. (Emma Lee/WHYY)
Community

10 small businesses Philadelphians want you to know about

We asked, you answered: Here are 10 Philly businesses residents can’t live without.

6 years ago

Hardik Kalra stocks meat in a cooler at a local super market, Friday, May 29, 2020, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
Money

US food prices see historic jump and are likely to stay high

U.S. shoppers lately have seen the costs of meat, eggs and even potatoes soar as the coronavirus has disrupted processing plants and distribution networks.

6 years ago

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