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Personal Finance

President Trump looks on as his nominee for Federal Reserve chairman, Jerome Powell, takes to the podium at the White House on Nov. 2. On Thursday, Trump said he is
NPR
Money

Trump slams interest rate hikes, ignoring hands-off tradition toward Fed

The Federal Reserve got a rare piece of advice from the president Thursday.

7 years ago

Pennsylvania Treasurer Joe Torsella launches the Keystone Scholars program in Elk County, putting $100 in a college savings account for every child born or adopted there. Gov. Tom Wolf recently signed a law extending the program to all of Pennsylvania.
Education

New Pennsylvania college savings plan targets newborns

The purpose of providing the starter deposit is to raise awareness about the children’s savings accounts, known as 529 accounts.

7 years ago

Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year. (Charles Rex Arbogast/AP)
NPR
Money

Fed raises interest rates, signals 2 more hikes this year

The Federal Reserve increased a key interest rate again Wednesday, which will trigger higher rates on credit cards, home equity lines and other kinds of borrowing.

7 years ago

Prison
Down the Shore
Courts & Law

Ocean County man gets 10-year prison term for stealing from investment clients

An Ocean County investment manager was sentenced Thursday to a lengthy prison term for stealing more than $400,000 from clients, state authorities announced.

7 years ago

Sign-carrying participants march on the southern leg of the Poor People's Campaign May 10, 1968, in Atlanta. (AP file photo)
Keystone Crossroads
Community

Poor People’s Campaign seeks to revive MLK’s vision

Activists are reigniting Martin Luther King Jr.’s unfinished fight against poverty.

7 years ago

Listen 10:53
President Trump is looking to overhaul to federal workforce by, in part, cutting retirement benefits (Nicholas Kamm/AFP/Getty Images)
NPR
Money

Federal employees face cuts to retirement benefits, pay freezes

Federal employees can be forgiven for feeling whiplashed by the Trump administration.

7 years ago

A worker on a Chrysler car lot passes lines of Jeeps in 2014. The House on Tuesday passed a measure to roll back guidance on auto lending issued by the Consumer Financial Protection Bureau. (Gregory Bull/AP)
NPR
Politics & Policy

Congress rolls back anti-discrimination auto loan rule

The House on Tuesday passed a measure to roll back guidance on auto lending — a first test for a new GOP strategy in Congress to repeal of hundreds of regulations.

7 years ago

The Marriner S. Eccles Federal Reserve Board Building in Washington. (Andrew Harnik/AP Photo, File)
Money

Fed keeps key rate steady but notes rising inflation

The Fed is gradually tightening credit to control inflation against the backdrop of a tight job market, a resilient economy and a pickup in consumer prices.

7 years ago

New homes under construction in Philadelphia. (Jessica Kourkounis for WHYY)
NewsWorks Tonight
Community

Gallup poll: Real estate investment favored over stocks amid housing shortage

NewsWorks Tonight host Dave Heller sits down for his weekly conversation with Gallup's Frank Newport to talk about trends in U.S. opinion.

7 years ago

Listen 5:27
A woman walks past a Wells Fargo location in view of City Hall, left, in Philadelphia, Thursday, May 11, 2017.
Money

Wells Fargo to pay $1B for mortgage, auto lending abuses

Wells Fargo has been under intense scrutiny by federal regulators for several months.

7 years ago

(StateImpact Pennsylvania)
StateImpact Pennsylvania
Community

Five takeaways from StateImpact’s forum on gas royalties

Many Pennsylvania mineral owners have complained they are not being paid fairly. The controversy has led to class action lawsuits and ongoing litigation.

7 years ago

Della Clark speaks at a podium.
The Philadelphia Tribune
Money

Enterprise Center, Brandywine Realty Trust launch loan fund

The Enterprise Center announced its newest program is now accepting applications from those seeking low-cost capital, reducing barriers for minority-owned construction co's.

7 years ago

Republican candidates for governor of Pennsylvania (from left), Laura Ellsworth, Paul Mango, and Scott Wagner, participates in a debate at the National Constitution Center. (Emma Lee/WHYY)
Politics & Policy

Trump effect? Pa. GOP governor candidates won’t show tax returns

The three Republicans running for the party's nomination for Pennsylvania governor say they will not release copies of their tax returns.

7 years ago

New Jersey Governor Phil Murphy (Julio Cortez/AP Photo, file)
Politics & Policy

Gov. Murphy sticks to tax-hike pledge at lobbying event

New Jersey Gov. Phil Murphy on Thursday redoubled his campaign promise to raise income taxes on millionaires but said such a change does not have to be permanent.

7 years ago

An aerial view of Ruokai Chen's Kensington neighborhood.
PlanPhilly
Money

Recent court ruling opens a door for homeowners to appeal tax bill

When Ruokai Chen saw his real estate taxes jump up in 2016, the actuary with a degree from the Curtis Institute of Music decided to do some digging.

7 years ago

Listen 2:40
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