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Eiji Hashimoto, chairman and CEO of Nippon Steel Corporation, speaks during a press conference at their company headquarters in Tokyo on Tuesday, Jan. 7, 2025.

Biden administration extends deadline on Nippon’s bid for U.S. Steel, offering some hope that the deal is not dead

President-elect Donald Trump, who takes office in a week, also opposes the deal.

Marc Levy, Associated Press

Officers with the Tredyffrin Township Police Department speak with protesters for environmentalist group Earth Quaker Action Team at Vanguard headquarters in Malvern in 2022. Activists have urged the second-largest investment company to divest from fossil fuels, but pro-oil, gas, and coal legislators in energy states have pressed Vanguard to keep investing in the sector.

Vanguard takes steps to convince the government it’s not too powerful

Joseph N. DiStefano

A panel at the State of the Economy annual event from the Chamber of Commerce of Greater Philadelphia on Jan. 9 at the Kimmel Center for the Performing Arts. (From left) moderator Tracey Matisak; Roger Aliaga-Díaz, global head of portfolio construction and chief economist for the Americas at Vanguard; Roc Armenter, executive vice president and director of research for the Federal Reserve Bank of Philadelphia; Chris Goodchild, managing director and senior partner at Boston Consulting Group; Gerard Sweeney, president, CEO and trustee of Brandywine Realty Trust; Angela Val, president and CEO of Visit Philadelphia.

A look at the challenges Philly-area businesses faced in 2024 and what they expect in 2025

Ariana Perez-Castells

The scene in September, looking north on 10th Street at Arch Street and the Friendship Gate near the site where the 76ers had proposed a Center City arena. Those plans are now scrapped.

In Chinatown, joy and relief as Sixers abandon plan to build an arena on the neighborhood’s southern edge

Jeff Gammage, Michelle Myers, and Anna Orso

David Adelman, a 76ers co-owner, had publicly clashed with Comcast Spectacor during the team's efforts to win city approval for its proposal to build a new arena in Center City.

The 76ers have struck a deal with Comcast Spectacor to stay in South Philly and abandon plans for a Center City arena

Jake Blumgart and Sean Collins Walsh

Can DOGE actually save federal money by cutting government jobs? Unlikely, economist Joel Naroff says

The government is not a factory. Standard efficiency models, which usually involve cutting workers and adding capital, may not be relevant.

Joel L. Naroff, For The Inquirer

Vivek Ramaswamy and Elon Musk, with his son X, at the U.S. Capitol building on Dec. 5 in Washington. Musk and Ramaswamy have proposed cutting government spending by 30%.

Vivek Ramaswamy and Elon Musk, with his son X, at the U.S. Capitol building on Dec. 5 in Washington. Musk and Ramaswamy have proposed cutting government spending by 30%.

Can DOGE actually save federal money by cutting government jobs? Unlikely, economist Joel Naroff says

The government is not a factory. Standard efficiency models, which usually involve cutting workers and adding capital, may not be relevant.

Joel L. Naroff, For The Inquirer

As 2024 closes, soak in the exceptional economy, economist Mark Zandi says

People walk on Wall Street in New York's Financial District on Wednesday, Dec. 18, 2024.

National Politics

The Federal Reserve cut its key rate by a quarter-point, but envisions fewer reductions next year

Christopher Rugaber, Associated Press

Federal Reserve Board Chairman Jerome Powell.

Forecasting 2025 under a second Trump administration raises big questions, economist Joel Naroff says

Joel L. Naroff, For The Inquirer

How much did SEPTA fares increase? A helpful breakdown of each service

SEPTA bus crosses 9th and Market Street in Center City Philadelphia on Friday morning November 8, 2024. SEPTA increased its fares by 7.5%, increasing most fares by 50 cents to $2, starting Dec. 1, 2024.

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