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Money

Tanya Morris, CEO of Mom Your Business, speaks to attendees of the Black Business Expo in Philadelphia
Business
National
Philadelphia

Biden-Harris administration touts social justice gains with local small business ‘community loans’

The U.S. Small Business Administration created a new loan to reach further into neighborhoods that are often without access to growth capital.

10 months ago

Condos for sale in the Washington Square West neighborhood of Philadelphia.
PlanPhilly
Housing
Philadelphia
Real Estate

Would-be homebuyers in Philly to face another challenging spring season

The city’s residential housing market is hot, but there’s not much to buy.

11 months ago

Listen 1:06
A Lyft logo is installed on a Lyft driver's car next to an Uber sticker
Employment
Income Inequality
National

Thousands of U.S. Uber and Lyft drivers plan Valentine’s Day strikes

"When one worker rises up," said a spokesperson for Justice for App Workers, "it brings courage to another workers."

11 months ago

A mixture of Hershey's chocolates is displayed in the company's Times Square store
Business
Economy
Food & Drink
Pennsylvania

Record cocoa prices heading into Valentines Day proves to be a headache for sweets king Hershey

Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday.

11 months ago

Vik Dewan poses for a photo in front of flamingos at the Philadelphia Zoo.
Business
Philadelphia

Back to his banker roots, former Philly Zoo CEO looks to shake some difficult money trees in next adventure

Longtime Philly Zoo CEO Vik Dewan is not retiring. Instead, he wants to crack open obscure funds to increase charitable giving sooner rather than later.

11 months ago

Federal Reserve Chair Powell Holds A News Conference Following The Federal Open Market Committee Meeting
NPR
Economy
Government
National

The Federal Reserve holds interest rates steady but signals rate cuts may be coming

The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.

11 months ago

Dr. Nikia Owens, PhD, smiles as she poses for a photo.
National
Philadelphia
Politics
Taxes

Philly nonprofit seeks to help 30,000 residents get bigger tax refunds

As tax season begins, Campaign for Working Families wants to be the alternative to for-profit tax refund businesses hawking cash advances for big fees.

11 months ago

Listen 1:13
James Eley
Business
Employment
Philadelphia

Microgrant to help this Philly Black-owned electrical business snag federal contracts

Philadelphian James Eley found his spark again after securing a microgrant to help achieve his goals.

12 months ago

Listen 1:16
a close-up of a soda bottle
NPR
Philadelphia

Philadelphia, other cities with soda taxes, saw sales of sugary drinks fall as prices rose, study finds

Cities that imposed the taxes saw a 33% decrease in the sale of sugary drinks.

12 months ago

Anne Cummins, chief operating officer and co-founder of Gattuso Development Partners speaks during a panel discussion at the Urban Land Institute's annual economic forecast. Moderator was Ayotunde Ogunbiyi, principal at Ally Management Partners. Other panelists (left to right) included Brian Berson, president, Parkway Commercial Properties, Brian Cohen, managing director, Ensemble Investments, Inc. and Cat Bianco, managing director, Tactix Real Estate Advisors
Business
Philadelphia
Real Estate

Few are working full-time in the office anymore, but some argue it’s nowhere near a ‘real estate recession’ in Philly

Not much office work is happening in Center City or in suburban areas. Here’s what that might mean for many buildings considered by developers as “increasingly obsolete."

12 months ago

Listen 1:31
Rite Aid, Bird and Bed Bath & Beyond are among the notable companies that filed for bankruptcy in 2023. (Gene J. Puskar/AP; John Minchillo/AP; Rogelio V. Solis/AP)
NPR
Business
Economy
National

Why corporate bankruptcies were up in 2023 despite the improving economy

Hundreds of debt-saddled companies filed for bankruptcy this year, as the era of easy money caught up to corporations. High interest rates mean banks aren't extending lifeline

1 year ago

An illustration showing a whale eating people
NPR
Higher Education
National
Personal Finance

Student loan forgiveness isn’t dead yet, and other takeaways from 2023

What to make of all the student loan news this year? We have three takeaways, and a literary analogy.

1 year ago

Tall buildings in Center City
Business
Economy
Employment
Philadelphia

Philadelphia businesses say they struggle with labor, access to money

Economists forecast that the Philly region will see a “soft landing” instead of an abrupt halt to business in the new year.

1 year ago

Listen 1:19
Quinn Rodriguez-Williams works at La Colombe in Fishtown
Business
Food & Drink
Philadelphia

Philly’s homegrown coffee roaster La Colombe to extend its retail reach under Chobani control

La Colombe has a new but familiar owner that just happens to sell coffee creamer. Here’s what to expect.

1 year ago

Listen 1:49
A sign reads
Business
Food & Drink
Philadelphia
Billy Penn

La Colombe acquired by Chobani in $900 million deal

The coffee roaster and retailer founded in Philly in ‘94 operates 32 stores around the country.

1 year ago

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