Business

Asset management firm Blackstone will become the majority owner of sandwich chain Jersey Mike’s in a deal that values the company at a reported $8 billion.

Restaurant employees rely on the kindness of customers when it comes to tips, which can make up a sizable portion of their take home pay based on findings in a new report.

With several casual restaurant chains facing financial hardships, experts are weighing in on what this could mean for the industry.

Housing costs rose to record numbers in 2024.

McDonald's is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on the fast-food giant's Quarter Pounder hamburgers.

Americans' debt balances grew across the board, but Fed researchers voiced 'concerning' growth in auto and credit card delinquencies.

Advance Auto Parts will close over 700 locations, including corporate stores and independently-owned locations, as part of a financial restructuring effort.

A Jersey shore developer is breathing life into an iconic part of the Ocean City boardwalk. After Gillian’s Wonderland Pier closed last month, new renderings of a planned hotel to be built at the site have been revealed.

Boeing announced that it will lay off 10% of its workforce in the coming months and cut its production in the wake of a labor union strike.

A new study reveals that household debt is increasingly becoming a source of stress for many Americans.

Macy's has responded to speculation that the store may leave its iconic Center City location on Market Street, as some City Hall insiders say they believe there is a chance.

A long-time shoe cobbler is closing his shop due to a landlord notification to leave, and customers, unhappy with the landlord's decision, have started a petition to allow the shop to remain in its location.

The furniture and appliance retailer is shuttering all of its locations and kicking off store closing sales as part of Chapter 11 bankruptcy proceedings by its parent company.