US unemployment claims jump to 861,000 as layoffs stay high

The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed COVID-19 cases.

Former Trump Plaza Hotel and Casino imploded Wednesday
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Hank Flynn reports on the implosion of the building and talks with those who frequented the establishment and those who worked there.

AOC pushes back after Biden dismisses progressives' plan to cancel $50,000 in student loan debt

Rep. Alexandria Ocasio-Cortez criticized President Biden after he shot down a proposal from progressive Democrats to eliminate $50,000 in student loan debt, saying the president's arguments against acting unilaterally on the matter "just don't hold water."

Price for one Bitcoin surpasses $50K for first time

The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time.

Texas utility company urges customers to change providers to avoid astronomical power bill amid winter storm

Due to Texas’ deregulated utility market, electricity prices subjected to real-time swings have skyrocketed to as much as $9,000 per megawatt-hour, causing some companies to urge their customers to change service providers.

Mayor Kenney warns of possible $450 million budget gap

The city of Philadelphia is warning of a potential $450 million budget gap for the 2022 fiscal year and is asking residents to weigh in on spending priorities.

Biden extends mortgage relief, ban on home foreclosures through June 2021

Certain mortgage protections that were put in place amid the pandemic, and were set to expire next month, have been extended through June.

Stimulus benefits and your 2020 taxes: What to know

Tax season is right around the corner and many filers may have some different questions about their returns on the heels of an unprecedented year.

Officials: New UPS distribution center to bring 1,000 jobs

A new UPS distribution center is planned on the former Military Ocean Terminal site in Bayonne, which city officials say they expect to create 1,000 new jobs.

2021 tax filing season fast facts

Tax season officially began on Friday and it is shaping up to be another hectic year for taxpayers, preparers and the IRS.

Did you get the right stimulus check amount? Why you need to know before filing your tax return

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway.

Tax season 2021 is now underway
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Dan Roccato, Credible.com Personal Financial Expert, joins Good Day Philadelphia to discuss tax season 2021.

Unemployment claims dip to 793,000; layoffs remain high

Fewer Americans sought unemployment benefits last week, lowering jobless claims to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.

Billy Murphy's Irish Saloon gets help from the Barstool Fund

Billy Murphy's Irish Saloon in East Falls became the latest Philadelphia business to receive critical financial support from the Barstool Fund, which has raised over $35M for small businesses struggling to stay afloat during the pandemic.

Family of 20-year-old California investor who died thinking he lost over $730,000 sue Robinhood

The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. They are now suing Robinhood Financial, claiming the popular stock-trading platform’s business practices "directly" led to their son’s death.

Stimulus checks: Democrats propose $1,400 payments as part of Biden's COVID-19 relief plan

Democrats on a pivotal House panel on Monday proposed an additional $1,400 in direct payments to individuals as Congress began piecing together a $1.9 trillion COVID-19 relief package that largely follows President Joe Biden's proposal for battling the pandemic and reviving a still staggering economy.