Finance

China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington.
Kin Cheung/AP Photo, File
August 05, 2019 - 4:48 pm
Be Paul Wiseman and Joe McDonald WASHINGTON (AP) — China decided Monday to meet President Donald Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products. The moves, which came four days after Trump threatened more taxes on...
Read More
Philadelphia's expanded program to help first-time homebuyers is off to a running start. In its first month, more than 100 people have used the program become homeowners, and the process is proving surprisingly easy to navigate.
Pat Loeb/KYW Newsradio
Pat Loeb
July 30, 2019 - 6:30 am
PHILADELPHIA (KYW Newsradio) — Philadelphia's expanded program to help first-time homebuyers is off to a running start. In its first month, more than 100 people have used the program to become homeowners, and the process is proving surprisingly easy to navigate. Six years ago, Angela Kraddock was...
Read More
Mike Dougherty | KYW Newsradio
Mike Dougherty
July 17, 2019 - 3:27 pm
PHILADELPHIA (KYW Newsradio) — The Pennsylvania Turnpike Commission approved another toll increase that takes effect in January. Tolls will go up across the board by six percent for both E-Zpass and cash paying drivers. Tolls have gone up annually since 2007. KYW Newsradio spoke with a DJ who uses...
Read More
Dow Jones industrials cross 27,000 points for first time
Mark Lennihan/AP Photo, File
July 11, 2019 - 6:55 pm
By Alex Veiga (AP) — A turbulent day on Wall Street ended in the record books Thursday as the Dow Jones Industrial Average climbed above 27,000 for the first time and the S&P 500 index hit another all-time high. The milestones came on a day when the S&P 500 briefly moved above 3,000 for the...
Read More
Left: Cheyney University President Aaron A. Walton
Justin Udo/KYW Newsradio
Cherri Gregg
July 08, 2019 - 3:03 pm
PHILADELPHIA (KYW Newsradio) — Cheyney University could be turning a corner after years of financial struggle. The institution's president says he's confident they've balanced the budget, and state lawmakers have provided a multimillion dollar boost for students. Pennsylvania lawmakers allocated $3...
Read More
marchmeena29/Getty mages
Justin Udo
July 07, 2019 - 11:51 am
PHILADELPHIA (KYW Newsradio) — College graduates in Pennsylvania may be feeling the student loan crisis a little harder than the rest of the country. The average college graduate in Pennsylvania owes a little more than $36,000 in debt, the highest in the country, according to Douglas McIntyre with...
Read More
William_Potter/Getty Images
Steve Tawa
June 10, 2019 - 4:00 am
PHILADELPHIA (KYW Newsradio) — It appears that millennials are behind the eight ball, financially. Data shows as they get just a bit closer to approaching middle age, they're in worse financial shape than every living generation ahead of them. Bad timing is a part of the equation. Millennials born...
Read More
New Jersey state capitol building in Trenton.
pabradyphoto/Getty Images
David Madden
April 24, 2019 - 3:23 pm
TRENTON, N.J. (KYW Newsradio) — The City of Trenton is facing a potential short-term financial crisis. Mayor Reed Gusciora says state officials have informed them that they are not authorized to make any payments, since they have failed to adopt a budget as required by law by a deadline of April 11...
Read More
Buying a home is an exciting step in any couple's relationship, but a new study finds that it's a much more difficult step for same-sex couples to take.
shutterstock/CNN Money
April 17, 2019 - 7:03 pm
By Gabrielle Sorto, CNN (CNN) -- Buying a home is an exciting step in any couple's relationship, but a new study finds that it's a much more difficult step for same-sex couples to take. A study published this week in the Proceedings of the National Academy of Sciences found same-sex couples...
Read More
Prince Hall Elementary School Students
Steve Tawa-KYW Newsradio
Steve Tawa
May 13, 2018 - 3:15 am
PHILADELPHIA (KYW Newsradio) -- At Prince Hall Elementary School in the West Oak Lane section of Philadelphia, third through fifth graders are not yet prepared to do your taxes next year, but they did learn about money, during a visit by some CPAs. The Pennsylvania Institute of CPAs and the...
Read More

Pages