Economy

Trump's new China tariffs will raise consumer prices on these items

President Trump's latest round of tariffs on goods imported from China could raise prices for consumers as soon as next week. On Monday, the White House announced that Trump's proposed 10 percent tariff on $200 billion of Chinese imports would go into effect on Sept. 21, then increase to...

Wednesday, September 19, 2018 - 10:00pm

Trump says the Ford Focus Active can be built in the US. But can it really?

In a tweet on Sunday, President Trump declared that the Ford Focus Active — a compact car that has been imported from China — can be made in the United States. Not so fast, Ford said. In the tweet, Trump touted the 25 percent tariff he has slapped on cars from China, claiming it had...

Tuesday, September 11, 2018 - 12:55pm

GOP tax bill will kill 10,000 people a year, says economist Larry Summers

About 10,000 Americans will die from lack of health insurance each year if the GOP tax bill goes into effect, said Larry Summers, the former Treasury Secretary under President Clinton and White House economic adviser to President Obama, on Monday, while other economists say the tax-cut plan will...

Wednesday, December 6, 2017 - 3:41pm

Convening thought leaders across the region

The Greater Philadelphia region has one of the most highly concentrated college and university populations in the country. There are almost 100 higher education institutions located throughout the 11 counties, with 440,000 students that attain approximately 90,000 degrees annually, making Greater...

Wednesday, December 6, 2017 - 5:00am

Universal basic income would boost U.S. economy by $2.5 trillion: Experts

A new study shows that giving every American adult an automatic income of $1,000 a month would be a major boon to the economy. The analysis by the Roosevelt Institute concluded that a universal basic income (UBI) of that amount would grow the economy by 12.56 percent over 12 years, increasing the...

Wednesday, November 29, 2017 - 5:31pm

Expectations of our future Philadelphia workforce

Late last week, the Philadelphia School Reform Commission (SRC) voted to dissolve itself. After nearly 16 years of existence, the commission, which primarily served to govern over Philadelphia’s public, district-managed and charter schools, will hand these responsibilities over to the city on...

Tuesday, November 21, 2017 - 5:06am

Chamber seeks to grow Pennsylvania

For as long as I can remember, I have had an immense sense of pride for the state that I have always called home. I remember learning about the treacherous winter 1777 in Valley Forge where George Washington was headquartered during the midst of the Revolutionary War, thinking about the Battle of...

Wednesday, November 8, 2017 - 10:35am

Access to capital for Philadelphia’s middle market

Pilot Freight Services, located in Lima, Pennsylvania, is a full-service global transportation company. Established in 1970, it has grown to over 75 locations worldwide that provide freight shipping services for businesses across the globe. It also happens to be one of over 3,500 middle market...

Tuesday, October 10, 2017 - 5:00am

5 ways experts say President Trump is hurting the economy

President Trump has taken to boasting about how the economy is on a tear since he took office, although that is untrue: The number of jobs added to the U.S. economy in the first six months of 2017 is actually lower than the number of jobs added in the last six months of President Obama's term...

Friday, September 22, 2017 - 4:58pm

With growth and prosperity for all

In the 2014 movie "Lucy," Scarlett Johansen’s character gets injected with a drug that enhances her mental capabilities to their full capacity, rendering her able to escape her captors, ignore physical discomforts and travel mentally through time. It is based on the premise...

Tuesday, August 29, 2017 - 10:39am

Bacon shortage can and probably will happen

Americans don’t do anything half-assed, including eating bacon. If you think we’ve come close to the end of the pork-abilities for this slab of swine, think again. In February, we were reassured that we weren’t eating ourselves into a (it’s scary just to say the words)...

Thursday, August 24, 2017 - 7:28pm

Harley-Davidson, an American company Trump spotlighted, announces layoffs and will move jobs overseas

President Trump's reverse Midas touch when it comes to American manufacturing jobs has struck again. Harley-Davidson, the iconic American motorcycle company, has begun laying off workers from its Midwestern plants and will open a facility in Thailand. In February, Trump called out Harley-...

Monday, July 24, 2017 - 6:10pm

What you need to know about net neutrality

On Wednesday, an "Internet-Wide Day of Action to Save Net Neutrality" was held as the web awaits its fate. Net neutrality is the idea that the internet is truly a free marketplace of ideas. Whether it’s good, bad, #fakenews or a cat video gone viral, anyone is free to join the...

Sunday, July 16, 2017 - 12:54am

Trump urges Ford not to move production to Mexico – so they're going to China

As part of his initiative to embarrass American companies into keeping jobs in the United States, President Trump criticized automaker Ford for its plans to move production of its popular Ford Focus model to Mexico. So the automaker is moving it to China instead. It will happen after the last...

Tuesday, June 20, 2017 - 6:38pm

Why Massachusetts' higher unemployment rate isn't actually bad news

At the beginning of the year, Massachusetts’ unemployment rate around the lowest it’s been in more than 15 years, with a 3.2 percent rate in January — well below the nation's 4.8 percent at that time. About halfway through 2017, however, the state unemployment rate has risen...

Monday, June 19, 2017 - 5:00am

Millennials are killing it

Millennials, you guys are killing it. Literally. From napkins to movies, the media and economists are blaming the downfall of just about every industry on the rise of the millennial generation. At 75 million strong, millennials are the most populous generation in the United States right now and...

Tuesday, June 13, 2017 - 3:10pm

Jitters push Treasury yields, dollar to seven-month lows

U.S. Treasury yields and the dollar dropped to seven-month lows on Tuesday and world stocks slid as political uncertainty from the United States to the Middle East and weakness in commodity markets pushed investors away from risky assets. The yen and gold also gained amid prevailing caution as an...

Tuesday, June 6, 2017 - 2:22pm

Dollar wobbles on U.S. political tension, eyes jobs data

The dollar fell broadly on Wednesday, sliding to two-week lows against the yen and a one-week trough versus the euro amid growing political tension in Washington. The greenback in May was on track to post its worst monthly performance against the euro in more than a year, even as the European...

Wednesday, May 31, 2017 - 5:51pm

Switch it up this year: Buy in May, till November stay

"Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year. After all, the S&P 500 has delivered a total return, including reinvested dividends, of 10.8 percent over the last six months...

Sunday, May 28, 2017 - 11:35am

Trump vows to end U.S. sales of German cars — which are made in the U.S.

With reviews of his performance ranging from "bizarre" to "trainwreck" to "the least effective since 1949," President Trump will return home from his first foreign trip on Sunday. He made quite a splash at the NATO summit in Belgium, where on Thursday he told the...

Saturday, May 27, 2017 - 6:57pm