PNC Bank

David Holt / flickr

Speaking yesterday in London, British Prime Minister and EU-backer David Cameron compared leaving the European Union to detonating "a bomb under our economy." Nevertheless, Mr. Cameron is facing a growing tide of support for Britain leaving the EU. What is the likelihood a Brexit will occur? And what would the economic and political future of the EU look like without the UK? We'll put these questions to our guest William Adams, Vice President and Senior International Economist for the PNC Financial Services Group. He's speaking at a World Affairs Council of Pittsburgh Luncheon Panel Discussion next Monday entitled "The Brexit and the Future of Europe."    

Eddie Welker / Flickr

 

Over the weekend, Pittsburgh was hit by the fringe of a blizzard that left more than two feet of snow in parts of the East Coast.

Public works crews and residents diligently spread rock salt on roads and sidewalks —an effective de-icing measure. But the traditional sodium chloride salt can potentially harm or kill trees.

Trees in one part of Downtown, though, might be out of danger.

Linus Bohman / flickr

The U.S. economy is finishing 2015 on an upswing, according to Pittsburgh-based PNC Chief Economist Stuart Hoffman and he thinks that will continue into 2016.

“Wages had been stalled at around 2- to 2.25-percent [growth]. We saw a little bit of an uptick in the later half of this year, and we think we will see a little faster, bigger gain in 2016,” Hoffman said.  “Maybe where wages rise … closer to 3 percent.”

401(K) 2012 / flickr

After a rough start in 2015, the nation's economy is set to end the year in a fairly strong position, PNC Chief Economist Stuart Hoffman said.

“But it clearly was a mixed picture,” Hoffman said. “If you were in manufacturing, the global economy grew more slowly, the dollar was strong. If you were in energy, it was a bad year for you."

Small- and mid-sized business owners nationwide are optimistic about their sales and profits for the coming months, according to the latest PNC Economic Survey Outlook.

The survey found that 83 percent of the business owners surveyed are optimistic about their company’s prospects and 70 percent are optimistic about the overall U.S. economy.

In Pennsylvania, things are a little different. While optimistic, small business owners are just a bit more cautious.

Small business owners in southwestern Pennsylvania are on the whole optimistic about the region’s economy, and more than a third of them expect to see their sales increase in the coming quarter.  The projection comes from the latest PNC survey, which looks not only at Pennsylvania but also at the other areas where the bank has operations.

“Pennsylvania small businesses continue to increase their plans to hire over the next six months,” said PNC Economist Kurt Rankin.  Twenty percent of those surveyed plan to add new full-time employees.

Chris Squier / 90.5 WESA

Hard hats and neon vests filled the Fifth and Wood intersection in downtown Pittsburgh Tuesday morning as construction workers placed the last beam on the Tower at PNC Plaza.

The project is far from complete. There is still a lot of work that needs to be done on the inside before 2,200 PNC corporate workers can fill the 33-story building, which will serve as the new headquarters. The project will be finished by mid-2015, according to Bill Demchak, PNC chairman, president and CEO.

For the fourth consecutive year, the Earth Quaker Action Team (EQAT) will protest PNC’s financing of mountaintop removal mining.

Outside of PNC headquarters, underneath the 2,380-square-foot Green Wall, EQAT members and activists announced their plan to attend the bank’s annual shareholders’ meeting, which has been moved to Tampa.

Last year, the EQAT disrupted the shareholders’ meeting by asking each PNC board member to publicly state his or her position on mountaintop removal mining. The meeting lasted 20 minutes.

A recent PNC survey found that many millennials, a group generally considered born in the 1980s and 1990s, are not saving money, but they'd like to.

More than 3,000 people were surveyed, and 56 percent identified savings and budgeting as their biggest financial issue. The problem is many millennials don’t know where to start when it comes to saving.

Youth Climate Activists Hold Power Shift Summit

Oct 21, 2013
Haldan Kirsch / 90.5 WESA

More than 1,000 protesters marched from the North Side to downtown Monday for the 2013 Power Shift summit.

Power Shift is an online community for youth climate activists who are calling for a “green economy” and a stop to mountaintop removal mining.

The protesters called for PNC Bank to stop financing mountaintop mining, which involves exposing and taking out upper seams of coal, according to the federal Environmental Protection Agency.

The Earth Quaker Action Team (EQAT) returned to PNC branches Monday to again protest the bank’s investments in mountaintop removal mining.

Last April EQAT protested at a PNC shareholder meeting in Pittsburgh to the point that the company’s chairman and CEO had to shut down the gathering.

Mountaintop mining involves removing mountaintops to expose coal, excavating the upper and lower layers of coal with remains placed in piles, and then re-grading and re-vegetating the site.

When it comes to retirement, are you a planner, a procrastinator or an avoider?

PNC’s third annual Perspectives on Retirement Survey finds 42 percent of people ages 35-70 consider themselves to be on track for retirement. Those are the planners.

Tom Prigg / The Allegheny Front

A protest by a group know best for its pacifist views disrupted a PNC shareholder meeting in Pittsburgh Tuesday to the point that the company’s chairman and CEO had to shut down the gathering. 

For three years the Earth Quaker Action Team has been protesting the financial institution’s involvement in the practice of collecting coal through a process known as mountaintop removal.