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.
New Jersey Gov. Mikie Sherrill signed an executive order that bars federal immigration agents from launching or carrying out operations on state property.
Chester Asher says Pennsylvania is the "snack belt of America," and for over a century, Asher's Chocolate Co. has been a big part of it.
A large sinkhole has opened up at West 10th Avenue and Colwell Lane in Conshohocken after a water main break was reported Wednesday night.
After a taste of some more seasonable conditions Wednesday, some cooler air sneaks back into the Philadelphia region as we head into Thursday.
Jose Alvarado scored a season-high 26 points and Mikal Bridges added 22 points as the New York Knicks beat the Philadelphia 76ers 138-89 Wednesday night.
New Jersey Gov. Mikie Sherrill signed an executive order that bars federal immigration agents from launching or carrying out operations on state property.
Chester Asher says Pennsylvania is the "snack belt of America," and for over a century, Asher's Chocolate Co. has been a big part of it.
A large sinkhole has opened up at West 10th Avenue and Colwell Lane in Conshohocken after a water main break was reported Wednesday night.
The first-ever Sheetz opened in Royersford, Pennsylvania, at 454 West Ridge Pike on Feb. 12.
After a taste of some more seasonable conditions Wednesday, some cooler air sneaks back into the Philadelphia region as we head into Thursday.
Chester Asher says Pennsylvania is the "snack belt of America," and for over a century, Asher's Chocolate Co. has been a big part of it.
A large sinkhole has opened up at West 10th Avenue and Colwell Lane in Conshohocken after a water main break was reported Wednesday night.
A teen was shot in Linwood, Pennsylvania, Wednesday night, authorities said.
A Montgomery County man was arrested in a murder-for-hire plot to kill his ex-girlfriend and two men she dated after they broke up.
The family of a Pennsylvania man who was arrested by federal agents during a tense raid this week is sharing their side of the story.
New Jersey Gov. Mikie Sherrill signed an executive order that bars federal immigration agents from launching or carrying out operations on state property.
Washington Township police say a man is wanted in connection with multiple incidents reported around the Washington Way Apartments in Blackwood, New Jersey.
Camden firefighter Howard Bennett was laid to rest Wednesday, nearly one week after the 60-year-old died after falling into the icy Delaware River.
Former Rep. Tom Malinowski has conceded the New Jersey special election to fill Gov. Mikie Sherrill's congressional seat.
Ice is still impacting bodies of water around the Philadelphia area after a long stretch of cold temperatures.
Ice is still impacting bodies of water around the Philadelphia area after a long stretch of cold temperatures.
Two firefighters and two residents were taken to the hospital after a house fire in Wilmington on Sunday, officials said.
Power companies across the Philadelphia region and Lehigh Valley are reporting some outages Saturday while high wind alerts are in effect.
The coldest air of the season is set to slide over the Philadelphia area this weekend, which could lead to frost quakes, ice quakes and lake quakes.
The man whom Jill Biden divorced for the eventual 46th President of the United States is now in jail on murder charges.
Black History Month is poignant for one family after a man got a historic, innovative treatment at Children's Hospital of Philadelphia.
With a measles outbreak in Pennsylvania, local health experts want to send a message to families.
Penn's first successful transplant was a kidney back in 1966. Since then, there have been thousands of life-saving operations.
Cracking down on the price of prescription drugs is a hefty task.
The PHMC clinic on Cedar Avenue in West Philadelphia is helping provide dental and health care in an underserved community.
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 Downingtown Interchange on the Pennsylvania Turnpike reopened Wednesday night after a canopy over the toll booths collapsed.
A portion of Martin Luther King Jr. Drive remains closed as crews work on water infrastructure repairs.
PennDOT is asking for your input with a new online survey available now through Feb. 28.
Part of SEPTA's Jefferson Station in Philadelphia was flooded Monday night, but service wasn't disrupted.
The city says residents shouldn't park on a major stretch of South Broad Street in Philadelphia Tuesday for a snow removal operation.
Jose Alvarado scored a season-high 26 points and Mikal Bridges added 22 points as the New York Knicks beat the Philadelphia 76ers 138-89 Wednesday night.
Former Eagles offensive coordinator Kevin Patullo is heading to the Dolphins to become the team's passing game coordinator.
The Philadelphia Art Commission on Wednesday voted to move the Joe Frazier statue to the base of the art museum steps.
As Philadelphia has dealt with a frigid winter, a sign that spring and summer are near is here: Phillies pitchers and catchers report for spring training.
Michael Fantuzzo was arrested and is accused of stealing more than $246,000 from the Pennsylvania Occupational Therapy Association.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The Pennsylvania Film Office has awarded $34 million for production on Season 3 of "Tires" and the fifth and final season of "Mayor of Kingstown."
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
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.
Team Sheetz or Team Wawa?! Sheetz fans flocked to the company's new location in Royersford, Pennsylvania, Thursday morning for freebies and coffee, and told CBS News Philadelphia's Wakisha Bailey why they love the Wawa competitor so much.
Thursday will be slightly cooler around the Delaware Valley compared to yesterday's weather, but high temperatures will still make it above freezing today -- and stay there for the next 7-10 days.
A large sinkhole opened up in Conshohocken after a water main break was reported Wednesday night. The hole is located at West 10th Avenue and Colwell Lane, near Sutcliffe Park.
A stretch of Martin Luther King Jr. Drive in Philadelphia is shut down as crews make emergency repairs. The closure will remain in place until further notice as the Philadelphia Water Department performs "emergency infrastructure maintenance supporting the drinking water system," the city said.
The Downingtown Interchange on the Pennsylvania Turnpike reopened Wednesday night after a canopy over the toll booths collapsed, forcing the roadway to close for hours. Crews were in the process of demolishing the canopy when it collapsed over the toll booths, and luckily nobody was hurt.