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Economy

The Philadelphia skyline is pictured at night
Urban Planning

Center City district calls for more businesses in Philadelphia to return to office

The Center City District report claims without a return to office, the downtown economy can’t return to pre-pandemic levels.

4 years ago

A trader working on the floor of the New York Stock Exchange (NYSE) in New York City on May 2. Stocks surged on Wednesday after the Fed's policy meeting. (Spencer Platt/Getty Images)
NPR
Money

The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.

4 years ago

Jerome Powell
Money

Fed raises key rate by a half-point in bid to tame inflation

The increase in the Fed’s key short-term rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago.

4 years ago

The Philadelphia skyline
Money

With property values up 21%, Kenney proposes relief for growing real estate taxes

As anyone currently in the market for a house can tell you, property values in Philadelphia are soaring — and soon, home owners will know exactly how much.

4 years ago

File photo: Christian Smalls, president of the Amazon Labor Union, speaks at a rally outside an Amazon facility on Staten Island in New York, Sunday, April 24, 2022. Amazon and the nascent group that successfully organized the company’s first-ever U.S. union are headed for a rematch Monday, May 2, 2022, when a federal labor board will tally votes cast by warehouse workers in yet another election on Staten Island.
Community

Amazon workers in NYC reject union in a reversal of fortune

Amazon warehouse workers overwhelmingly rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful U.S. Amazon unionization.

4 years ago

Starbucks union supporters march with signs.
NPR
Community

Starbucks workers drive nationwide surge in union organizing

Starbucks workers have driven a surge in union election petitions filed with the National Labor Relations Board.

4 years ago

People celebrate, raising their fists in the air.
Community

Amazon, union face off in a rematch election in New York

Amazon and the nascent group that successfully organized the company’s first-ever U.S. union drive are headed for a rematch Monday.

4 years ago

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on April 28. Stocks sank on Friday, ending a miserable month for Wall Street. (Spencer Platt/Getty Images)
NPR
Money

Here are 3 reasons why stocks are tanking

Stocks were pummeled on Friday with the Nasdaq slumping more than 4% to post its worst month since 2008. Why things have gotten so bad in Wall Street.

4 years ago

A pedestrian passes the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. (AP Photo/John Minchillo)
Money

Tech stocks sink again, Nasdaq has worst month since 2008

The Nasdaq fell 4% for the second time this week and finished April down 13.3%, its biggest monthly loss since 2008.

4 years ago

New Jersey Gov. Phil Muprhy speaks at an international offshore wind conference in Atlantic City NJ on April 28, 2022, where he announced that the developers of his state's first offshore wind farm will use a state-financed manufacturing facility to build the components for the project, called Ocean Wind 1. (AP Photo/Wayne Parry)
Community

Orsted signs on as first tenant at New Jersey wind port

The New Jersey wind port in Salem County won't open until 2024, but the site already has its first tenant.

4 years ago

Upclose photo of a chicken walking along.
Science

Bird flu drives free-range hens indoors to protect poultry

Some farmers are wondering if it's OK that eggs sold as free-range come from chickens being kept inside.

4 years ago

A view of Northern Liberties' North 2nd street, with the street stretching out in front and buildings in the background.
Community
Billy Penn

Northern Liberties retail boom: Over a dozen new storefronts coming to the neighborhood

Here’s a look at what’s in store, from restaurants to cafes, bike shops, and art centers.

4 years ago

Marijuana buds are seen in a prescription bottle
Community

What to know as N.J. prepares to roll out regulated weed market this week

New Jersey becomes the latest state to sell recreational marijuana beginning Thursday. Here’s what you’ll need to know before you consume.

4 years ago

help wanted sign
Money

Pennsylvania’s unemployment rate drops to 4.9%

Pennsylvania's unemployment rate dropped by two-tenths of a point in March to 4.9%, another indication the state's jobs picture continues to strengthen.

4 years ago

View of a street in Chester, Pa.
Courts & Law

Pa. Supreme Court agrees to hear appeal of Chester Water Authority sale to Aqua

The city of Chester sees sale of the CWA as a ticket to financial recovery, but the authority and customers opposed to the sale will get another day in court.

4 years ago

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