Business

Gov. Tom Wolf announces a new shale tax proposal at the state Capitol.
Tony Romeo/KYW Newsradio
Tony Romeo
January 31, 2019 - 2:22 pm
HARRISBURG, Pa. (KYW Newsradio) — Ahead of next week’s budget address, Gov. Tom Wolf has repackaged his proposal to impose a tax on natural gas drillers. State House Republican leaders, however, remain unimpressed. This time, Wolf is proposing a shale tax that would raise about several hundred-...
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FILE - This Feb. 19, 2014, file photo shows the Facebook app icon on an iPhone in New York. Apple says it has banned a Facebook-made app that paid users, including teenagers, to extensively track their data.
AP Photo/Karly Domb Sadof, File
January 30, 2019 - 8:16 pm
NEW YORK (AP) — Apple says Facebook can no longer distribute an app that paid users, including teenagers, to extensively track their phone and web use. In doing so, Apple closed off Facebook's efforts to sidestep Apple's app store and its tighter rules on privacy. The tech blog TechCrunch reported...
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In this Dec. 18, 2018, photo, a surveillance camera is mounted near the Huawei headquarters in Shenzhen in south China's Guangdong province.
Andy Wong/AP Photo
January 30, 2019 - 1:54 pm
By Paul Wiseman and Christopher Rugaber, AP Economics Writers WASHINGTON (AP) — U.S. and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy...
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1 2 3 FILE- In this Jan. 3, 2019, file photo the Apple logo is displayed at the Apple store in the Brooklyn borough of New York.
AP Photo/Mary Altaffer, Fil
January 29, 2019 - 10:30 pm
SAN FRANCISCO (AP) — Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. Results released Tuesday revealed the magnitude of the iPhone slump — a 15...
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KYW Newsradio, file
January 29, 2019 - 3:36 pm
CBS-- Gamestop, the nation's largest independent seller of video games, is ending efforts to find a buyer. The company's stock price tumbled 25 percent in early-morning trading, with investors seemingly questioning the brick-and-mortar retailer's prospects as more consumers download games online...
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Ocean Resort Casino in Atlantic City
Jessica Kourkounis/Getty Images
David Madden
January 29, 2019 - 11:54 am
ATLANTIC CITY, N.J. (KYW Newsradio) — The name of the company planning to take over the troubled Ocean Resort Casino in Atlantic City has finally been revealed. Luxor Capital Group is a hedge fund based in Manhattan — and has nothing to do with the Luxor Hotel & Casino in Las Vegas. Current...
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Waitress Kelcie Tipping, left, speaks with fellow waitress Mariam Touray, right, at the Modern Diner in Pawtucket, R.I.
Michelle R. Smith/AP Photo
January 29, 2019 - 10:51 am
By Michelle R. Smith and Emily Swanson, Associated Press PAWTUCKET, R.I. (AP) — The state of the union is dark. A large majority of Americans say they are pessimistic about the state of the country and few expect things will get better in the year ahead, according to a poll released Tuesday by The...
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In this Dec. 18, 2018, file photo, a worker holds a sign promoting a sale for Huawei 5G internet services at a mobile phone retail shop in Shenzhen in south China's Guangdong province.
Andy Wong/AP Photo, File
January 29, 2019 - 9:58 am
By Joe McDonald, AP Business Writer BEIJING (AP) — China called on Washington on Tuesday to "stop the unreasonable crackdown" on Huawei after the United States stepped up pressure on the tech giant by indicting it on charges of stealing technology and violating sanctions on Iran. Beijing will "...
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Hard Rock Cafe
David Madden | KYW Newsradio
David Madden
January 28, 2019 - 4:00 am
ATLANTIC CITY, N.J. (KYW Newsradio) — As sports betting has grown by leaps and bounds in New Jersey, one Atlantic City casino has stood on the sidelines. But not for much longer. The Hard Rock wants to get in the game, but the casino's president Joe Lupo has taken things slow. He has good reason. "...
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A bitcoin ATM is shown at the Bourse in Philadelphia.
Andrew Kramer/KYW Newsradio
Andrew Kramer
January 27, 2019 - 4:00 am
PHILADELPHIA (KYW Newsradio) — Looking for a place to make trades in bitcoins? You'll find one in the Bourse in Old City. You'll find another at Spread Bagelry in University City. In fact, there are about 100 of them across Philadelphia — bitcoin ATMs. Bitcoin is what is called a cryptocurrency. "...
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