Economy
Report: First-time homebuyers in Philly area need to make more to afford a starter home
High mortgage rates, overvalued homes, and low inventory continue to hurt renters looking to enter the housing market.
1 year ago
Listen 1:12The 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.
1 year ago
Wall Street tumbles to its worst loss in months
Yields were mixed after Fitch cut the U.S. government’s credit rating. The downgrade strikes at the core of the financial system.
1 year ago
The U.S. loses its top AAA rating from Fitch over worries about the nation’s finances
Fitch cut the federal government's top rating, citing rising deficits and a steady deterioration in governance over the last two decades.
1 year ago
What recession? It’s a summer of splurging, profits and girl power
GDP shows the U.S. economy growing at a rate of 2.4%, at higher rates than expected, thanks to Taylor Swift, Beyoncé and Barbie.
1 year ago
Climate adaptation carries a $15 billion price tag for Pa. towns, study says
The analysis was created by the Center for Climate Integrity, an advocacy group that aims to hold polluters accountable.
1 year ago
Many Pennsylvania state retirees say they can’t afford inflation on their stagnant pensions
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.
1 year ago
U.S. economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes
Driving the gain was a burst of business investment, which surged at a 5.7% annual pace, the fastest rate since late 2021.
1 year ago
Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation
The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level since 2001.
1 year ago
As Rehoboth considers following Dewey Beach in banning dispensaries, southern Delaware lawmakers consider county-level regulation.
1 year ago
Philly union workers rally just days before UPS contract expires
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.
1 year ago
A Pa. House Democrat is resigning amid the budget impasse, costing the caucus its one-vote advantage
The Pa. state House will be tied 101 to 101 between Democrats and Republicans.
1 year ago
Valley Forge to host the YMCA National Championship in 2024
Three Montgomery County YMCA gyms will run the event together. They expect about 1,700 athletes plus their families to attend.
1 year ago
Inflation eases to its lowest in over two years, but it’s still running a bit high
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.
1 year ago
Making Friends in Adulthood, Rip Currents, The First Bank
It can be difficult and awkward to find a groove with new friends as an adult. We'll talk about how to make, and keep, new friends at any age.
Air Date: July 11, 2023 12:00 pm
Listen 50:09