economy

From left: Sen. Pat Toomey, Sen. Bob Casey
Nabil K. Mark/Centre Daily Times/MCT/Sipa USA; Chris Dunn/York Daily Record via USA TODAY NETWORK
Steve Tawa
February 05, 2019 - 2:35 pm
PHILADELPHIA (KYW Newsradio) — Each member of Congress gets to take a guest to President Donald Trump's State of the Union address Tuesday evening, and Pennsylvania's U.S. senators have symbolic reasons behind their choices. In advance of the address, Democratic Sen. Bob Casey and Republican Sen...
Read More
In this Feb. 1, 2019, photo, President Donald Trump speaks in the Cabinet Room of the White House in Washington.
Evan Vucci/AP Photo
February 04, 2019 - 5:57 pm
By Julie Pace, AP Washington Bureau Chief WASHINGTON (AP) — The White House says President Donald Trump will call for optimism and unity in Tuesday's State of the Union address, using the moment to attempt a reset after two years of bitter partisanship and deeply personal attacks. But will anyone...
Read More
The rising sun silhouettes the U.S. Capitol dome at daybreak in Washington.
Alex Brandon/AP Photo, File
January 28, 2019 - 11:16 am
UPDATED: 11:35 a.m. By Andrew Taylor, Associated Press WASHINGTON (AP) — The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office. The report says the five-week shutdown has slowed growth in...
Read More
A growing number of economists predict that the United States will experience a recession sometime later this year or in 2020. Investors are starting to worry about a downturn, too.
Spencer Platt/Getty Images
January 22, 2019 - 10:45 am
By Paul R. La Monica, CNN Business (CNN) -- A growing number of economists predict that the United States will experience a recession sometime later this year or in 2020. Investors are starting to worry about a downturn, too. About three quarters (73%) of investors expect a recession within the...
Read More
Stock market
Dreamstime
Hadas Kuznits
January 18, 2019 - 12:39 pm
PHILADELPHIA (KYW Newsradio) — With the government shutdown now approaching the one-month mark, experts can point to the impact it is having on the economy. When people don't have money, they tend not to spend. Mark Stehr, associate professor of economics at Drexel University, says that has an...
Read More
In this Nov. 2, 2017, file photo a recruiter from the postal service, right, speaks with an attendee of a job fair in the cafeteria of Deer Lakes High School in Cheswick, Pa.
Keith Srakocic/AP Photo, File
January 04, 2019 - 10:13 am
By Josh Boak, AP Economics Writer WASHINGTON (AP) — U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government. The...
Read More
FILE - In this Sept. 8, 2010 file photo, auto worker Brenda Hedland takes a picture of the first Chevrolet Cruze compact sedan to come off the assembly line at a ceremony inside the GM factory in Lordstown, Ohio.
AP Photo/Amy Sancetta, File
January 03, 2019 - 7:36 pm
DETROIT (AP) — Sales of new vehicles in the U.S. rose slightly in 2018, defying predictions and highlighting a strong economy. Automakers reported an increase of 0.3 percent over a year ago to 17.27 million vehicles. The increase came despite rising interest rates, a volatile stock market, and...
Read More
FILE - This Oct. 22, 2018, file photo shows the iPhone XS, from left, iPhone XR, and the iPhone XS Max in New York.
AP Photo/Richard Drew, File
January 02, 2019 - 8:37 pm
SAN FRANCISCO (AP) — Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed...
Read More
Construction continues on the Camden waterfront.
Jim Walsh
Mike Dougherty
January 02, 2019 - 4:00 am
CAMDEN, N.J. (KYW Newsradio) — For some, the growing economy and burgeoning businesses have been a long time coming for the city of Camden. The city has reduced crime and improved graduation rates over the past five years. Business is improving the course for the city — one that was once considered...
Read More
Traders work on the floor of the New York Stock Exchange.
Spencer Platt/Getty Images
Steve Tawa
December 24, 2018 - 6:32 pm
PHILADELPHIA (KYW Newsradio) — Santa was nowhere to be found on Wall Street this Christmas Eve. The Dow Jones Industrial Average dived more than 650 points; the S&P 500 entered bear market territory, described by analysts as down 20 percent from its recent highs. Santa Claus rallies have been a...
Read More

Pages