News
Local economists express concerns about expansion of dynamic pricing to essential goods
1+ hour, 49+ min ago (221+ words) Pennsylvania lawmakers are discussing a proposal to ban digital price gouging, focusing on digital price tags and online shopping services. Earlier today, News 8 spoke with two local economists, including one on sabbatical overseas, who both agree that while dynamic pricing…...
The Supreme Court struck down Trump's tariffs. Now comes the hard work of issuing refunds
1+ week, 6+ day ago (1129+ words) The Supreme Court on Friday struck down President Donald Trump's biggest and boldest tariffs. But the justices left a $133 billion question unanswered: What's going to happen to the money the government has already collected in import taxes now declared unlawful?...
Federal Reserve holds interest rates steady amid political scrutiny
1+ mon, 1+ week ago (343+ words) The Federal Reserve kept rates unchanged amid political pressure and criticism from Trump. The Federal Reserve has decided to keep interest rates unchanged, maintaining current borrowing costs for Americans despite sustained political pressure on the central bank. Federal Reserve Chairman…...
Trump says he is suing JPMorgan Chase and CEO Jamie Dimon for alleged 'political' debanking
1+ mon, 2+ week ago (609+ words) President Donald Trump is suing JPMorgan Chase, the nation's largest bank, and its CEO Jamie Dimon, alleging that it improperly dropped him as a client in 2021 for political reasons. Related video above: JPMorgan Chase CEO Jamie Dimon speaks at WEF…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank
1+ mon, 3+ week ago (801+ words) Federal Reserve Chair Jerome Powellsaid Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed's building renovations. The move represents an unprecedented escalation…...
Here's which grocery items had price increases this year
2+ mon, 1+ week ago (490+ words) Bird flu, New World Screwworms and tariffs are among the biggest hits to grocery items in 2025. This year, grocery prices were driven higher by several factors, including bird flu outbreaks, New World Screwworm infestations in cattle and tariffs. Follow the…...
Consumer prices rose in November. See which of your grocery items went up
2+ mon, 2+ week ago (154+ words) Consumer prices rose at a 2.7% annual pace in November, according to the latest report of the Bureau of Labor Statistics. While November's consumer prices paint a cooler-than-expected inflation of 3% in September, it does not give the full picture. BLS data…...
29 months and counting: Pennsylvania’s 4.1% unemployment rate continues to beat U.S. average
2+ mon, 3+ week ago (188+ words) The Pennsylvania Department of Labor & Industry (L&I) released its preliminary employment situation report for September 2025, noting a delay in data directly related to the federal government shutdown that began on Oct. 1. Pennsylvania's unemployment rate inched up by one-tenth of a…...
Trump administration narrows list of potential Federal Reserve chairs to 5
4+ mon, 1+ week ago (775+ words) Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. On an Air Force One flight to Asia with President Donald Trump, Bessent said he…...
Wall Street drops to its worst day since April after Trump threatens more tariffs on China
4+ mon, 3+ week ago (606+ words) A monthslong calm on Wall Street shattered Friday and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China. Related video above: Supreme Court begins new term, ready to examine Trump's reach of power Stocks had…...