This number helps explain why many Americans are down on the economy
American workers' share of the nation's income is at its lowest point in almost 80 years, as more of the economy's gains flow to corporations and investors.
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American workers' share of the nation's income is at its lowest point in almost 80 years, as more of the economy's gains flow to corporations and investors.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
Gov. Josh Shapiro signed a $50 billion spending package to end a four-month budget stalemate that has held up billions for public schools and social services.
The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
A trend that started in the technology sector is spreading to other industries, with businesses cutting workers even as their profits expand.
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
The Republicans' "big, beautiful" spending and tax law will result in cuts to food stamp benefits for many Americans, experts say.
Consumer reporter Josh Sidorowicz is helping you save money by comparing school supply prices on Microsoft Copilot, ChatGPT and Google Gemini.
More Philadelphia pet owners are giving up their furry friends due to financial hardship, but there are programs that can help pet owners save.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
U.S. economic growth is likely to "slow markedly" this year and next, due to tariffs and uncertainty under the Trump administration.
Despite some early concerns and economic uncertainty many businesses down the shore are reporting a strong start to the season. Ryan Hughes reports.
Japanese automaker joins other automakers in pointing to new U.S. tariffs as weighing on their financial results.
More jobs are located in Center City, Philadelphia, than at any point in the last 45 years, according to the annual State of Center City report released Thursday.
Early in his second term, President Trump is struggling to deliver on his campaign trail promises to invigorate the U.S. economy.
Is 100 days enough time to evaluate this president? His supporters generally don't think so, but others do — perhaps because most Americans think President Trump is already making major changes to how the government — and the U.S. economy — work.
Chinese tariffs on American products rose from 84% to 125%, China announced Friday morning. The tariffs take effect Saturday, April 12. Jim Donovan has your morning headlines with weather from Meteorologist Tammie Souza.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
The stock market saw massive selloffs Thursday, a day after President Trump announced sweeping tariffs. Philadelphia-based experts say there's no need to panic and share some analysis for those worried about their retirement accounts.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
Rent the Chicken "hatched" 12 years ago and offers a six-month rental of 2-4 egg-laying hens with a coop for about $650. Co-Founder "Homestead Jenn" Tompkins joins CBS News Philadelphia to share more about her business.
The U.S. labor market has been slowing, but today's jobs report isn't yet reflecting the layoffs ordered by Elon Musk's DOGE.
Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by DOGE.
Former Pennsylvania state Sen. Shirley Kitchen has died. She represented Philadelphia in the state legislature for decades.
Philadelphia's FIFA Fan Festival is closing early Sunday evening because of expected storms.
In the six 2026 Men's World Cup matches at Philadelphia Stadium, attendees drank 290,000 beers and consumed thousands of servings of Philly staples like soft pretzels, cheesesteaks and crab fries.
Police in Philadelphia are investigating multiple fatal shootings over the Fourth of July weekend, officials say.
U.S. Soccer said that it is "pleased" lead scorer Folarin Balogun will be able to compete against Belgium in Seattle, Washington.
With another round of severe storms Sunday night, expect damaging winds and downpours that could lead to power outages, travel delays and downed trees.
Former Pennsylvania state Sen. Shirley Kitchen has died. She represented Philadelphia in the state legislature for decades.
Philadelphia's FIFA Fan Festival is closing early Sunday evening because of expected storms.
In the six 2026 Men's World Cup matches at Philadelphia Stadium, attendees drank 290,000 beers and consumed thousands of servings of Philly staples like soft pretzels, cheesesteaks and crab fries.
IBEW Local 614 President Larry Anastasi says they are no closer to a deal than they were six months ago when negotiations first began.
Former Pennsylvania state Sen. Shirley Kitchen has died. She represented Philadelphia in the state legislature for decades.
Philadelphia's FIFA Fan Festival is closing early Sunday evening because of expected storms.
In the six 2026 Men's World Cup matches at Philadelphia Stadium, attendees drank 290,000 beers and consumed thousands of servings of Philly staples like soft pretzels, cheesesteaks and crab fries.
Police in Philadelphia are investigating multiple fatal shootings over the Fourth of July weekend, officials say.
Thousands of people in the Philadelphia suburbs are without power Sunday after severe and damaging storms blew through the region on the Fourth of July.
A suspected lightning strike sparked a fire at a church in Medford, New Jersey, as severe thunderstorms moved through the area Friday night.
The sights and sounds of Independence Day were on full display in Haddonfield as the borough commemorated and celebrated America's 250th birthday.
For six decades, Roger Gordon has helped mold generations of young baseball players in Philly and New Jersey. He's still going.
One South Jersey woman living at Collingswood Manor is joining the centenarian club this weekend.
Many beachgoers say they came to Ocean City to escape the heat wave in Philadelphia because it was way cooler at the beach.
The family of a 19-year-old man who was shot and killed by Wilmington Police last month is calling for body camera video of the incident to be made public.
Chopper 3 was over the fire, showing firefighters on the roof battling the blaze in the 1500 block of Clayton Road in Wilmington.
Communities in Pennsylvania, New Jersey and Delaware are planning fireworks and other celebrations to mark America's 250th birthday.
City council members in Wilmington, Delaware, want Kadir Skinner's family to be able to review bodycam footage within the next 72 hours.
Delaware Sen. Chris Coons was injured in a crash that involved several vehicles in Sussex County Sunday afternoon, he announced on social media.
New Jersey is set to charge companies whose workers have Medicaid health coverage.
Sierra Kile will join Phillies legends Charlie Manuel and Jimmy Rollins on Thursday to raise awareness about heart disease.
Medical teams are taking extra precautions during the heat wave, with thousands of visitors still expected to arrive at the FIFA Fan Festival at Lemon Hill.
Hospitals in the Philadelphia region are gearing up for an expected increase in patients with heat-related illnesses.
Philadelphia will declare a heat health emergency when the heat index reaches 100, which is expected on Wednesday.
While some assume landlords are required to provide air conditioning, the law is not nearly as clear-cut as it is for heat in the winter
New Jersey is set to charge companies whose workers have Medicaid health coverage.
Target is voluntarily recalling two types of baby wipes due to concerns that the products may be contaminated with bacteria that may cause "serious and life-threatening infections," the U.S. Food and Drug Administration said on Friday.
The Pennsylvania Liquor Control Board says it will begin approving the extended-hours permits for Philadelphia businesses within the next week.
Two top-rated and critically acclaimed restaurants in the Philadelphia area are receiving a new honor.
A major rail injection saw service suspensions and delays after a SEPTA Regional Rail train derailed Wednesday in Philadelphia.
Three men died in a plane crash in Maryland Saturday night, police said.
Organizers say they want the FIFA Fan Festival in Philadelphia to be "soccer Coachella" for fans from around the world.
SEPTA and its police union have tentatively agreed to a new contract, averting a strike during a busy summer in Philadelphia.
Traffic is backed up on I-95 North in Philadelphia because of a crash near East Allegheny Avenue.
Philadelphia's FIFA Fan Festival is closing early Sunday evening because of expected storms.
In the six 2026 Men's World Cup matches at Philadelphia Stadium, attendees drank 290,000 beers and consumed thousands of servings of Philly staples like soft pretzels, cheesesteaks and crab fries.
U.S. Soccer said that it is "pleased" lead scorer Folarin Balogun will be able to compete against Belgium in Seattle, Washington.
Jesús Luzardo struck out nine in six innings as the Philadelphia Phillies beat the Kansas City Royals Saturday night.
Five Phillies have been named to the 2026 MLB All-Star Game, with Brandon Marsh earning a starting nod in his first year on the roster.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Over 80 costumes by award-winning costume designer Ruth E. Carter are on display at the African American Museum in Philadelphia.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
The body of a person who went missing in the water at Marsh Creek State Park in Chester County, Pennsylvania, has been recovered, officials with the state Department of Conservation and Natural Resources said.
Former Pennsylvania state Sen. Shirley Kitchen has died at 79. Local leaders say she was a trailblazer who inspired them and advocated for her neighbors in Philadelphia.
Severe weather forced Philadelphia's Fourth of July concert and fireworks on the Ben Franklin Parkway to be delayed several hours, but spectators who stuck around say the show was well worth it. CBS News Philadelphia's Brandon Goldner has the latest.
Temperatures will top out in the 90s Sunday, though it'll feel like 10 degrees with the humidity. Potentially damaging showers and storms move in again tonight, with the biggest risks being strong winds, intense lightning and flash flooding.
Negotiations are set to resume Sunday morning between PECO and IBEW Local 614 workers after the union went on strike Saturday.