Stocks crumble after Fed dashes hopes for easing up on rates
S&P 500 suffered its biggest drop in two months after Fed chair Jerome Powell said rates will remain high "for some time."
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S&P 500 suffered its biggest drop in two months after Fed chair Jerome Powell said rates will remain high "for some time."
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
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.
Wednesday will be Day 2 of the heat wave in the Philadelphia region as an extreme heat warning goes into effect at noon.
The Philadelphia 76ers have agreed to terms with forward Dean Wade on a four-year, $39 million deal Tuesday night, according to a report.
Cristopher Sánchez returned to form after a couple of shaky outings, allowing only three hits in seven innings as the Philadelphia Phillies beat the Pittsburgh Pirates 8-0.
Eagles owner Jeffrey Lurie will be honored during ESPYS week in July and receive the Stuart Scott ENSPIRE Award for his work supporting the global autism community.
After Kylian Mbappé's dominating performance against Sweden on Tuesday, France secured its place in Philadelphia's Round of 16 match on July 4.
A dangerous heat wave is underway in Philadelphia and the surrounding suburbs this week, where each day temps could surpass 100 degrees.
Public safety officials say there is no threat to the public after a train derailed in Bucks County, Pennsylvania, Tuesday.
The Philadelphia 76ers have agreed to terms with forward Dean Wade on a four-year, $39 million deal Tuesday night, according to a report.
Police identified two teen suspects wanted in the fatal shooting of Penn State student Billy Schmidt in South Philadelphia.
Cristopher Sánchez returned to form after a couple of shaky outings, allowing only three hits in seven innings as the Philadelphia Phillies beat the Pittsburgh Pirates 8-0.
The Rev. Michael Murphy's emotional last day on the job at St. Dorothy in Delaware County was Tuesday.
Hospitals in the Philadelphia region are gearing up for an expected increase in patients with heat-related illnesses.
A man says Philadelphia Police lost his car after he was in an accident last July. Now, nearly a year later, the car is still missing.
Extreme heat in Philadelphia is forcing the National Constitution Center's celebration of Pope Leo XIV on Friday indoors.
The Supreme Court rejected President Trump's effort to end birthright citizenship, a decision bringing relief to some immigrant families in Delaware County.
A car went up in flames after crashing into a building along NJ 47/Delsea Drive in Vineland, New Jersey, around 1 a.m. Monday.
Aiden Logrande, 19, was arrested in connection with two vehicle arsons and multiple acts of criminal mischief in Washington Township, police said.
Police said a girl was shot and two boys were hit by a car after shots were fired outside a graduation party in Deerfield Township, Cumberland County.
Table to Table is on a mission to make sure nothing goes to waste at 2026 FIFA Men's World Cup celebrations in New Jersey.
A major procedural hurdle has been cleared for the future of the shuttered Wonderland Pier amusement park in Ocean City, New Jersey.
Delaware Sen. Chris Coons was injured in a crash that involved several vehicles in Sussex County Sunday afternoon, he announced on social media.
Police say a 19-year-old pointed a gun at a crowd and then fled from police, and an officer shot him during a foot pursuit.
Prosecutors allege John Wallace-Bey got into an argument with two co-workers, left work and later came back and shot them.
A man from New Jersey was charged after he allegedly hit and killed two teen pedestrians in Townsend, Delaware, over the weekend.
A 66-year-old woman who was riding an e-bike in Rehoboth Beach, Delaware, died in a crash Saturday morning, state police said.
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.
At Jefferson Moss-Magee Rehabilitation Center, dogs are being used to help aphasia patients.
Janaylon Wright's cancer symptoms were overlooked for months. Her story, featured in a new report, reflects broader disparities in cancer care.
Vets emphasize that marijuana edibles often contain other highly poisonous ingredients like chocolate or artificial sweeteners, which can worsen the toxicity for dogs.
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.
Sportswear brand Mitchell & Ness is opening a new three-story flagship store in Center City Philadelphia.
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe and Morton's.
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.
SEPTA says it's making improvements to the train station in the South Philadelphia Sports Complex.
The Philadelphia 76ers have agreed to terms with forward Dean Wade on a four-year, $39 million deal Tuesday night, according to a report.
Cristopher Sánchez returned to form after a couple of shaky outings, allowing only three hits in seven innings as the Philadelphia Phillies beat the Pittsburgh Pirates 8-0.
Eagles owner Jeffrey Lurie will be honored during ESPYS week in July and receive the Stuart Scott ENSPIRE Award for his work supporting the global autism community.
After Kylian Mbappé's dominating performance against Sweden on Tuesday, France secured its place in Philadelphia's Round of 16 match on July 4.
Esmerlyn Valdez and Jared Triolo both hit home runs to help the Pirates escape an early five-run deficit, and Endy Rodriguez closed the deal with a three-run homer in the ninth for an 11-7 win over the Phillies on Monday night.
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.
Brazilian fans visiting Philadelphia for the World Cup are avoiding dressing the Rocky statue in their team colors.
"The Sound of America," an original production set to world-premiere July 1 at FringeArts, reimagines Benjamin Franklin's life as a rock-and-roll spectacle.
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.
Bill Kelly says we'll be chasing record highs on Wednesday in the Philadelphia region amid another heat wave. Here's the latest NEXT Weather forecast.
Extreme heat in Philadelphia is forcing the National Constitution Center's celebration of Pope Leo XIV on Friday indoors.
Shelter-in-place and evacuation orders have been lifted after a train derailment in Feasterville, Pennsylvania, Tuesday afternoon, officials said.
For one Philadelphia man, he's keeping the past alive through thousands of graphic T-shirts. Marcella Baietto reports.
Bill Kelly has everything you need to know about the heat wave hitting the Philadelphia region this week. Here's the latest NEXT Weather forecast.