Joseph N. DiStefano

4 days ago | keenesentinel.com | Joseph N. DiStefano

PHILADELPHIA — Five Below, the 1,500-store chain that grew rapidly by selling cheap sunglasses, LED watches, and many other brightly colored Chinese-made items has paused its Chinese imports, citing the rapid rise in U.S. tariffs that have more than doubled costs on new inventory.

6 days ago | miamiherald.com | Joseph N. DiStefano

Anna Paulson, a career economist at the Federal Reserve's Chicago bank, will take over as president of the Federal Reserve Bank of Philadelphia, the bank said Thursday morning. An insurance scholar, Paulson, 60, cowrote a 2017 paper on the declining number of Americans from all levels of society who buy life insurance. She has also studied how households respond to economic crisis.

1 week ago | americanmilitarynews.com | Joseph N. DiStefano

Five Below, the 1,500-store chain that grew rapidly by selling cheap sunglasses, LED watches, and many other brightly colored Chinese-made items has paused its Chinese imports, citing the rapid rise in U.S. tariffs that have more than doubled costs on new inventory. “In order to ensure maximum flexibility, we proactively paused orders from China, given the escalation in the tariffs, as we evaluate all options” to find “trend-right products” at attractive prices, Five Below said in a statement.

1 week ago | inquirer.com | Joseph N. DiStefano

Anna Paulson, a career economist at the Federal Reserve’s Chicago bank, will take over as president of the Federal Reserve Bank of Philadelphia, the bank said Thursday morning. Paulson will move to the Philadelphia area, where she said she’ll lead a team of economists and other staff “deeply committed to fostering the stability, integrity, and efficiency of the nation’s monetary, financial and payment systems.” She’ll take over from Patrick Harker after his 10-year term ends June 30.

1 week ago | lancasteronline.com | Joseph N. DiStefano

Apr. 15—Tariffs, higher interest rates, and past losses from the Republic First Bancorp debacle aren't discouraging George E. Norcross III. He's still betting on Philadelphia-area business. For the second time this month, Norcross, an insurance broker, Cooper University Health chair and South Jersey Democratic Party power broker, has boosted his family's share of Mid Penn Bancorp, a $6 billion asset, Harrisburg-based small-business and consumer lender that's expanding in the Philadelphia area.