Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
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In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
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 Temple University Jazz Band is releasing its first internationally-recorded album after placing first at the National Collegiate Jazz Championship.
Tim Stutzle charged past Travis Sanheim and scored on a backhand shot 47 seconds into overtime, helping the Ottawa Senators to a 2-1 victory over the struggling Flyers.
After trading Jared McCain, the Sixers dealt Eric Gordon to the Memphis Grizzlies and signed Dominick Barlow to a standard NBA contract.
Savannah Guthrie's brother, Camron Guthrie, issued a plea Thursday for the return of their mother, Nancy Guthrie, saying in a video to the possible abductor, "We want to talk to you."
John Quinesso Sr., a World War II veteran from South Jersey, still drives himself everywhere he needs to go.
Camden firefighter Howard Bennett died after falling into the icy Delaware River Thursday.
The bipartisan "Bell-to-Bell" bill bars students from using their phones any time they're in school, not just during instructional periods.
The Temple University Jazz Band is releasing its first internationally-recorded album after placing first at the National Collegiate Jazz Championship.
Tim Stutzle charged past Travis Sanheim and scored on a backhand shot 47 seconds into overtime, helping the Ottawa Senators to a 2-1 victory over the struggling Flyers.
After trading Jared McCain, the Sixers dealt Eric Gordon to the Memphis Grizzlies and signed Dominick Barlow to a standard NBA contract.
The Temple University Jazz Band is releasing its first internationally-recorded album after placing first at the National Collegiate Jazz Championship.
Students at Coatesville Area High School took the lead in celebrating Black History Month in a full day program for the community.
A new kind of joint replacement is now available for people who have a certain kind of arthritis in the hand.
The family of a man who died after being taken into custody by ICE is demanding to know exactly what happened.
A Michigan man was sentenced to 20 to 40 years in prison after he set a Bensalem home on fire with several people inside in 2025, officials said.
John Quinesso Sr., a World War II veteran from South Jersey, still drives himself everywhere he needs to go.
Camden firefighter Howard Bennett died after falling into the icy Delaware River Thursday.
A fire destroyed a home in Monroe Township, New Jersey, Tuesday night.
New Jersey has a few programs that can help residents set up payment plans as they deal with skyrocketing utilities bills.
New Jersey has less than a one-week supply of red blood cells and less than a day's supply of platelets, health officials say.
The man whom Jill Biden divorced for the eventual 46th President of the United States is now in jail on murder charges.
A Delaware man is behind bars after he allegedly attacked two other men over a parking dispute, police say.
A teenager and a 21-year-old man were injured in a shooting in Wilmington Monday afternoon, police said.
Following Sunday's major winter storm, multiple businesses, organizations and event centers are staying closed on Monday.
With the Philadelphia region expecting a major snowstorm this weekend, here's the best choice of ice melt to keep you safe.
A new kind of joint replacement is now available for people who have a certain kind of arthritis in the hand.
A person with a confirmed case of measles visited an urgent care center in Collegeville, Pennsylvania, last month, health officials said.
A toddler and a dog from Los Angeles have a unique bond that came together thanks to a Philly doctor and a story from CBS News Philadelphia.
New Jersey has less than a one-week supply of red blood cells and less than a day's supply of platelets, health officials say.
For Kolin and his family, CHOP was a home away from home while he waited for a heart transplant.
Former Sheetz president and CEO Steve Sheetz has died at age 77, the Altoona-based company announced on Monday.
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.
The city says residents shouldn't park on a major stretch of South Broad Street in Philadelphia Tuesday for a snow removal operation.
Traffic is starting to move again on Roosevelt Boulevard after a fatal crash shut down the road in both directions Friday morning.
Snow-covered sidewalks, freezing temperatures and more have made commutes challenging for many public transit riders across Philadelphia.
Philadelphia is closing several roads in Center City Tuesday night to remove snow after a winter storm dumped nearly 10 inches over the weekend.
Transportation service will ramp up gradually Monday across the Philadelphia area following the weekend snowstorm.
Tim Stutzle charged past Travis Sanheim and scored on a backhand shot 47 seconds into overtime, helping the Ottawa Senators to a 2-1 victory over the struggling Flyers.
After trading Jared McCain, the Sixers dealt Eric Gordon to the Memphis Grizzlies and signed Dominick Barlow to a standard NBA contract.
Longtime Philadelphia Eagles offensive line coach Jeff Stoutland will not return for the 2026 season.
Gavin McKenna is facing multiple charges, including felony aggravated assault, according to court records.
The Philadelphia 76ers traded Jared McCain to the Oklahoma City Thunder for a first-round pick and three second-rounders.
The Temple University Jazz Band is releasing its first internationally-recorded album after placing first at the National Collegiate Jazz Championship.
Mural Arts Philadelphia is looking for an artist or team of artists to design a mural honoring Boyz II Men's contributions to music and culture as the city celebrates America's 250th anniversary.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The 2026 Grammy Awards recognized the best of the best in music from last year, with big wins for Kendrick Lamar and Bad Bunny. Here's the full list of winners and nominees.
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 release comes just days after the Temple Jazz Band was awarded first place at the National Collegiate Jazz Championship in New York City's Jazz at Lincoln Center in January.
Camden firefighter Howard Bennett died after falling into the icy Delaware River on Thursday. He was 61 and leaves behind a wife, two children and plenty of firefighter friends.
Bill Kelly has the latest NEXT Weather forecast for the Philadelphia region Thursday night.
A World War II Navy veteran from Vineland, New Jersey, just marked a milestone birthday.
Students at Coatesville Area High School took the lead in celebrating Black History Month in a full day program for their classmates and the community. Madeleine Wright reports.