Why Horrific Unemployment Numbers Made The Stock Market Rise
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
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The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The stock market is volatile, but a money manager in Center City Philadelphia says there's a bright side and investors have plenty of prospects going forward.
Wall Street is dealing with a correction, not a crash, says Morgan Stanley's Bob Manning.
A sharp decline in China's economy and plummeting crude oil prices are having a big impact in the United States and around the world.
Economist Chris Butler says declines in the Chinese stock market are not the only reason our markets have had a rough start to the new year.
Financial Television Host Lou Dobbs addressed this week's market volatility, pinning the blame for most of the stock losses on China and warning investors to be cautious.
Economist Chris Butler attempted to make sense of the chaos and indicated the origin of the fall could be based in China.
The Acorns app lets you invest spare change from purchases you make every day.
Chris details the latest on the signup problems at healthcare.gov, criticisms being leveled at New Jersey Governor Chris Christie, and the case of cat hoarding at Grace Kelly's former house. He talks to John Hayward from Red State, Steve Cordasco on Finance Friday, and CBS 3's Beasley Reece.
A legendary investor and Guinness record-holder has a lot of stories to tell, and a lot of concerns for our current stock climate.
So what is illegal insider trading? It's when you buy or sell stock based on important information that is not generally known to the public because it gives you an advantage over other investors.
The IPO was one of the largest in history, bringing in $16 billion for the company that was founded in a Harvard dorm room eight years ago.
It was born in a Harvard dorm, spreading like wildfire through colleges across the country. Now, after its I.P.O., Facebook is worth $104 billion.
U.S. government debt is among the safest investments around, but with inflation peeking above its low yields, investors could actually lose money. However, there are reasons why they might still buy in.
"Facebook," the social networking web site, may be filing its long-awaited initial public offering ("IPO") later this week. But it will probably be months before the company will be offering any stock.
If you like a constant update on stocks, whether you work in the industry or are just curious about the state of the economy, the Stock Ticker Pro app is there.
Chris reviews last night's Iowa Republican Presidential debate with a variety of guests and talks to CBS 3's Beasley Reece about the Eagles preseason opener against the Ravens.
The city's pension board held an hourlong meeting this morning, during which the members decided to cash out $50 million worth of public equities. Some board members had urged converting even more of the fund's public holdings -- perhaps another $50 million -- to cash.
The latest Wall Street crisis is a worst-case scenario for the pension fund of Philadelphia city workers. Thursday morning, members of the board that oversees the fund were meeting to look at the damage.
Chris analyzes the crash in the stock market with Financial Analyst Chris Butler and Fox Business Host Gerri Willis. He talks to Daily News Reporter William Bender about the progress in the effort to legalize liquor sales in Pennsylvania and reviews Mayor Michael Nutters attempts to eliminate flash mob riots in the city.
As investors are still trying to make heads or tails of the roller coaster ride on Wall Street, word comes that Americans borrowed more money in June than during any month in the last four years. As 3 On Your Side Consumer Reporter Jim Donovan explains, that can be interpreted in a number of ways
The stock market's wild ride over the past few days, and the big drop yesterday does little to calm fears of investors, especially those who are close to retirement. 3 On Your Side Consumer Reporter Jim Donovan finds that many are uneasy right now, and it doesn't look like things will settle down anytime soon.
Chris discusses liberals in the media turning away from President Obama. He talks to Steve Cordasco on Finance Friday, CBS 3's Beasley Reece about Mike Patterson and Hunter Pence and former Chairman of the Pennsylvania Liquor Control Board, Jonathan Newman, about privatizing the state stores.
The financial world recovered quickly after the S&P warned about the future of the ratings for United States credit.
The recent stock market downturn affected many Americans, some more than others. But it seems that even in a bad economy, women might be better investors overall.
One person has died after driving off the road and crashing into a lake in Gloucester County, New Jersey.
Six people were taken to a trauma center after a three-car crash on the Delaware Memorial Bridge Friday night.
Jeffrey R. Holland was next in line to lead the Mormon church under a long-established succession plan.
A winter storm dumped rain, sleet and rain on the Lehigh Valley Friday, creating icy roads and travel problems.
Dangerous travel conditions continue Saturday morning in the Philadelphia area. Here's the NEXT Weather forecast.
Dangerous travel conditions continue Saturday morning in the Philadelphia area. Here's the NEXT Weather forecast.
One person has died after driving off the road and crashing into a lake in Gloucester County, New Jersey.
Six people were taken to a trauma center after a three-car crash on the Delaware Memorial Bridge Friday night.
Jeffrey R. Holland was next in line to lead the Mormon church under a long-established succession plan.
A winter storm dumped rain, sleet and rain on the Lehigh Valley Friday, creating icy roads and travel problems.
A winter storm dumped rain, sleet and rain on the Lehigh Valley Friday, creating icy roads and travel problems.
Philadelphia police are searching for a hit-and-run suspect who killed a cyclist on Lancaster Avenue, one of the most dangerous streets in the city.
The post-Christmas return rush was underway at shops and malls across the Philadelphia area.
The snow and wintry weather is causing travel disruptions on one of the busiest travel days at PHL.
Parking and traffic restrictions for the Mummers parade start Friday in Philadelphia.
One person has died after driving off the road and crashing into a lake in Gloucester County, New Jersey.
Smith previously played young Nala in "The Lion King" on Broadway.
Here are mall opening and closing hours for the Christmas and Christmas Eve holidays around the Philly region.
The holiday rush was on Sunday night as shoppers scrambled to get their last-minute holiday gifts inside the Cherry Hill Mall.
Philadelphia and South Jersey residents were left shaken after powerful winds sent massive trees onto homes and vehicles Friday.
Six people were taken to a trauma center after a three-car crash on the Delaware Memorial Bridge Friday night.
Police say 44-year-old Rahman Rose entered a DMV in Wilmington, Delaware and shot and killed a state trooper.
Portnoy said he plans to give Delaware State Police Cpl. Matthew "Ty" Snook's family nearly $500,000.
Tributes are pouring in for Delaware State Police Cpl. Matthew "Ty" Snook, who was shot and killed in Wilmington.
Delaware State Police said Cpl. Matthew "Ty" Snook served since 2015.
Thousands of Pennsylvanians are dropping their health insurance as premiums are set to double on Jan. 1, 2026.
Hearing technology helps deaf and hard-of-hearing students perform at the annual holiday show in Overbrook.
A Pennsylvania man visited Penn to thank the surgeon who saved his life during a stroke.
There are encouraging early signs the angel advocate approach is helping people find organ donors.
Children with critical illnesses and their families can visit the Wishing Place in Bala Cynwyd to start their wish journeys.
The post-Christmas return rush was underway at shops and malls across the Philadelphia area.
With product return fraud on the rise, an emerging company is using AI to help spot issues.
Here are mall opening and closing hours for the Christmas and Christmas Eve holidays around the Philly region.
Through Amazon Now, customers can get household items, cosmetics, electronics, groceries and more delivered in about 30 minutes or less.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
The snow and wintry weather is causing travel disruptions on one of the busiest travel days at PHL.
Parking and traffic restrictions for the Mummers parade start Friday in Philadelphia.
The holiday travel rush is ramping up on the roads and in the skies around the Philadelphia region.
The Pennsylvania Turnpike's eastbound lanes have reopened following a multi-vehicle crash between Bensalem and Willow Grove.
SEPTA's largest workers' union voted to ratify its new contract with the Philadelphia-based transit agency Wednesday night.
Jalen Smith sparked a game-ending run with a thunderous dunk on Joel Embiid, and the Chicago Bulls matched a season high with their fifth straight win, beating the Philadelphia 76ers 109-102.
The South Philadelphia bar was a haven for Chiefs fans in the Philly area for years.
Travis Konecny scored and added his 300th career assist, leading the Philadelphia Flyers past the Blackhawks 3-1 and handing depleted Chicago its sixth straight loss.
Michael Porter Jr. scored 28 points, as the Brooklyn Nets beat the Philadelphia 76ers 114-106.
Zack Baun, Jalen Carter, Cooper DeJean, Cam Jurgens and Quinyon Mitchell are the five Philadelphia players named to the initial 2026 Pro Bowl roster.
Smith previously played young Nala in "The Lion King" on Broadway.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
Albert Brooks said he's still in shock over the death of his friend Rob Reiner, whom he met at 14 years old.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
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.
A mix of sleet, snow and freezing rain fell around the Philadelphia area on Friday night, leaving some streets and sidewalks a slippery mess Saturday morning. Wakisha Bailey gets a look at a crash on a slippery highway in Northeast Philly while Madeleine Wright chats with pedestrians in the Roxborough section of the city.
Fire officials in Delaware say six people were hurt in a 3-car collision on the Delaware Memorial Bridge on Friday night. We're working to learn more on their conditions.
The Philadelphia area could continue to have slick roads and sidewalks on Saturday, though the temperature for most of us will get above freezing and turn many roads wet. Overnight, there could be refreezing and black ice concerns. Meteorologist Andrew Kozak has your latest forecast.
Philadelphia is gearing up for the Mummers Parade already, with parking restrictions and road closures in effect ahead of the New Year's Day event. Jan Carabeo has your latest morning headlines with the NEXT Weather forecast from Meteorologist Andrew Kozak.
The NTSB is investigating the deadly explosion at a nursing home in Bristol, Pennsylvania.