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 Atlantic County Prosecutor's Office is moving to dismiss all pending indictments against La'quetta Small.
A police source told CBS News Philadelphia Friday that Jahmez Cartwright, 18, has contacted his family and said he is safe.
At Pennsauken High School, one football player is embarking on a new journey after overcoming some tough days on the grid-iron.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
Point Breeze residents woke up Friday morning to shattered car windows after a series of overnight break-ins.
Point Breeze residents woke up Friday morning to shattered car windows after a series of overnight break-ins.
The Atlantic County Prosecutor's Office is moving to dismiss all pending indictments against La'quetta Small.
A police source told CBS News Philadelphia Friday that Jahmez Cartwright, 18, has contacted his family and said he is safe.
At Pennsauken High School, one football player is embarking on a new journey after overcoming some tough days on the grid-iron.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
A police source told CBS News Philadelphia Friday that Jahmez Cartwright, 18, has contacted his family and said he is safe.
Point Breeze residents woke up Friday morning to shattered car windows after a series of overnight break-ins.
Many families in Delaware County are feeling the pressure of rising heating bills as they try to stay warm this winter.
Rendell Hoagland pleaded guilty Friday in the first-degree murder case of his own daughter, 12-year-old Malinda.
A Lehigh County couple says they were misled into paying nearly $30,000 to exit their timeshare contract — only to learn the deal wasn't what they expected.
The Atlantic County Prosecutor's Office is moving to dismiss all pending indictments against La'quetta Small.
At Pennsauken High School, one football player is embarking on a new journey after overcoming some tough days on the grid-iron.
A woman went to the Eagles' playoff game in Philadelphia and now can't find her car. Was it a courtesy tow or stolen? No one knows.
A four-alarm fire broke out at a high-rise building in Atlantic City, New Jersey.
Minor league hockey returns to Trenton, New Jersey, in 2026-27 for the first time in 13 years: meet the Ironhawks of the ECHL.
Delaware State Corp. Matthew Snook was shot and killed inside a Wilmington DMV in late December 2025.
New Castle County Police are searching for Richard Kirchner, of Elkton, Maryland, after he allegedly ripped off several homeowners.
U.S. Army Lt. Col. Louis E. Roemer, who died as a POW during World War II, has been officially accounted for.
A flock in Kent County, Delaware, tested presumptive positive for avian influenza, officials say.
The Delaware Farm Bureau has announced the 10 winners of its annual amateur photography contest.
A Philadelphia doctor said some chatbots can be dangerous for children.
A special art show at Bryn Mawr Rehab Hospital aims to raise community awareness about cognitive and physical disabilities.
A special group of students in West Philadelphia received a surprise celebration on Friday before heading to college Monday.
New Jersey has confirmed its first pediatric flu death of the 2025-26 season, which health leaders warn has been seeing cases spread at alarming rates.
Whether you have COVID or the common cold, doctors say it's important to know what you have so you get the right kind of treatment.
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.
A multi-vehicle crash on Lincoln Drive in Philadelphia left one person dead and four other people injured Thursday night.
Officials in Philadelphia say they're working to reopen the Center City bus terminal in time for celebrations of America's 250th birthday.
Morning express trains on SEPTA's Regional Rail will resume Monday, Jan. 12, after months of delays and commuter frustrations.
A crash on Chester Pike knocked out power in Norwood and Prospect Park early Thursday morning.
Motorists running the red light at the intersection of Kelly Drive and Eakins Oval in Philadelphia will start getting $100 fines on Jan. 8.
At Pennsauken High School, one football player is embarking on a new journey after overcoming some tough days on the grid-iron.
The Phillies agreed to a three-year contract with J.T. Realmuto after losing out on Bo Bichette, according to a source.
Infielder Bo Bichette and the New York Mets have agreed to a $126 million, 3-year contract, a source tells The Associated Press.
In a message Thursday, Cheltenham School District Supt. Brian Scriven said about 19 students witnessed the Sept. 3, 2025, assault and made no attempts to stop it.
Sidney Crosby scored one of Pittsburgh's three power-play goals and the Penguins beat the Philadelphia Flyers 6-3.
Jake Dillon, the musician behind Delco Donny, is using his virality to share his original songs while teaching music to others.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
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 Philadelphia police source told CBS News Philadelphia on Friday that the teen has contacted his family and said that he is safe.
At Pennsauken High School, one football player is embarking on a new journey after overcoming some tough days on the grid-iron. Krystle Rich reports.
Fire crews were called to a burning restaurant in the Feltonville section of North Philadelphia on Friday morning. CBS News Philadelphia's Ray Strickland has the latest.
As temperatures plunge across the Delaware Valley, many families are feeling the pressure of rising heating bills as they try to stay warm this winter. Madeleine Wright reports.
After missing out on Bo Bichette, who signed with the Mets on Friday, the Philadelphia Phillies pivoted back to their original plan: bringing back catcher J.T. Realmuto. Paul Boye, the co-host of the "Phillies Therapy" podcast, joined CBS News Philadelphia on Friday to discuss Bichette's contract with the Mets.