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."
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.
The Bethlehem Area School District says a school resource officer is facing charges after an alleged "inappropriate" relationship with a student.
Wednesday sees the heaviest and steadiest showers from 5 a.m. until around noon, and high temperatures don't make it out of the mid-to-upper 60s.
The Vine Street Expressway in Philadelphia was blocked at Broad Street after a crash early Wednesday morning.
The City of Philadelphia is opening a resource center after more than 100 people were forced from their homes following a fire at the Terrace Apartments earlier this month.
The Lenape Regional High School District announced last week the difficult decision to end several programs, including ROTC. Two cadets are hoping to change that.
Wednesday sees the heaviest and steadiest showers from 5 a.m. until around noon, and high temperatures don't make it out of the mid-to-upper 60s.
The Bethlehem Area School District says a school resource officer is facing charges after an alleged "inappropriate" relationship with a student.
The Vine Street Expressway in Philadelphia was blocked at Broad Street after a crash early Wednesday morning.
Police said the 23-year-old woman was wanted in connection with a shooting in Wilmington, Delaware, that happened in 2023.
The City of Philadelphia is opening a resource center after more than 100 people were forced from their homes following a fire at the Terrace Apartments earlier this month.
The Bethlehem Area School District says a school resource officer is facing charges after an alleged "inappropriate" relationship with a student.
Wednesday sees the heaviest and steadiest showers from 5 a.m. until around noon, and high temperatures don't make it out of the mid-to-upper 60s.
The Vine Street Expressway in Philadelphia was blocked at Broad Street after a crash early Wednesday morning.
The City of Philadelphia is opening a resource center after more than 100 people were forced from their homes following a fire at the Terrace Apartments earlier this month.
Jewish Voice for Peace marked Israel's Independence Day by protesting in Philadelphia's Center City Tuesday morning calling on banks to divest from Israel Bonds.
Wednesday sees the heaviest and steadiest showers from 5 a.m. until around noon, and high temperatures don't make it out of the mid-to-upper 60s.
The Lenape Regional High School District announced last week the difficult decision to end several programs, including ROTC. Two cadets are hoping to change that.
Business owners in Wildwood, New Jersey, talk about the impact Memorial Day weekend has on their bottom line.
After two alarming home invasions in Haddonfield, residents voice frustrations as they push to restore safety in their neighborhood.
Tuesday starts clear with some peeks of sun early, but clouds will cover the Philadelphia area by mid-morning and spotty rain returns later in the afternoon and evening.
Wednesday sees the heaviest and steadiest showers from 5 a.m. until around noon, and high temperatures don't make it out of the mid-to-upper 60s.
Tuesday starts clear with some peeks of sun early, but clouds will cover the Philadelphia area by mid-morning and spotty rain returns later in the afternoon and evening.
A University of Delaware student was charged with a hate crime and banned from campus after vandalizing a Holocaust memorial and going on an "antisemitic tirade," the attorney general's office announced Monday.
Temperatures Monday will be back to normal for this time of the year with highs climbing to 73 degrees and lots of sunshine in Philadelphia.
A 16-year-old was killed and another teenager is in serious condition after a shooting near the Concord Mall L.E.A.D Fest Carnival in Wilmington, Delaware, Saturday night.
Pennsylvania has launched a new dashboard tracking tickborne diseases.
U.S. Capitol Police Officer Andrew Linder is aiming to be the first person to run from Santa Monica Pier in California to Central Park in New York City with a 15-pound weighted vest.
Firefighters say talking about emotions isn't something they're trained to do but the Philadelphia Fire Department is making that easier.
On Friday, a grateful family from Cape May met the woman who donated a kidney not knowing who the recipient would be.
A Pennsylvania senator is among those moving to ban selling water beads, the colorful, water-filled toy nationwide.
Business owners in Wildwood, New Jersey, talk about the impact Memorial Day weekend has on their bottom line.
An iconic local jeweler is under new management as the owners turned over the business Monday to several longtime employees for free.
California is partnering with a New Jersey-based pharmaceutical company to purchase a generic version of Narcan, the most well-known version of naloxone that can save a person's life during an opioid overdose.
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.
For the second time in a month, Aramark union workers will go on strike, this time during Game 3 of the Philadelphia 76ers-New York Knicks playoff series at the Wells Fargo Center.
The Vine Street Expressway in Philadelphia was blocked at Broad Street after a crash early Wednesday morning.
The Phillies are encouraging fans heading to Wednesday's game to use public transportation and plan accordingly for traffic.
Part of the New Jersey Turnpike Southbound was blocked Tuesday due to a crash involving a tractor-trailer.
The 45th Annual Broad Street Run happens Sunday, May 5. Here's how to get there and where to park.
A tractor-trailer truck got stuck under an Amtrak bridge on Route 420 in Prospect Park, Pennsylvania on Friday morning.
The WNBA season starts and megastar Caitlin Clark made her debut as the Indiana Fever visited the Connecticut Sun. CBS Philadelphia caught up with fans who say, 'Why not us?'
Aaron Nola pitched a four-hitter for his fourth major league shutout and the Philadelphia Phillies beat the slumping New York Mets 4-0 to finish a two-game sweep.
Philadelphia Eagles fans will still be able to watch Jason Kelce on their TVs every week, but he'll be in a different role. The former Birds center is heading to ESPN's "Monday Night Countdown."
The WNBA tipped off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
The Philadelphia 76ers will have plenty of tough decisions to make this offseason with a laundry list of players hitting unrestricted free agency this summer.
The WNBA tipped off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
With the hit series wrapping after seven seasons, "Sunday Morning" talks with star Iain Armitage; Jim Parsons (who created the character of Sheldon Cooper on "The Big Bang Theory"); and producers Steve Molaro and Steve Holland, about the family comedy's success.
Sean "Diddy" Combs is asking a judge to dismiss a lawsuit alleging that he and two other men raped a 17-year-old girl in a New York recording studio in 2003.
A new film, "Unsung Hero," describes the dedication and love, Helen Smallbone had for her family throughout the ups and downs of navigating a new country during an economic recession.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
At Global Leadership Academy Southwest, students set out on learning excursions because the charter school leadership believes the best learning happens outside the classroom.
ASAP is holding a free-week long program that will teach girls in Philadelphia schools how to play chess.
Great Valley High School senior Lucca Ruggieri is already working his dream job: campaign manager for Republican Neil Young's run at Pennsylvania's 6th Congressional District.
While students aren't using real tattoo machines, an elective class at West Philadelphia High School is teaching students the techniques to create intricate tattoo designs.
William Bodine High School's robotics team is one of a few schools in the area set to represent Philadelphia at the FIRST Robotics Competition World Championship in Texas.
A school resource officer working at East Hills Middle School in the Bethlehem Area School District is facing charges for an alleged inappropriate relationship with a student. In a statement, the school said the officer also coaches a soccer team and has been placed on administrative leave.
The City of Philadelphia is opening a resource center to assist families impacted by a fire at a West Philly apartment complex earlier this month. The center will have agencies on hand to answer questions and help with document replacement, housing, pet care and more.
Traffic was being forced off I-676 westbound at Broad Street after a major crash Wednesday morning, Chandler Lutz reports.
Wednesday morning will see the heaviest and steadiest showers, from 5 a.m. until around noon. High temperatures don't make it out of the mid-to-upper 60s. It'll stay cloudy and breezy as scattered showers continue through the afternoon, with the heaviest rain shifting offshore by around 3 p.m. Kate Bilo has your forecast.
Philadelphia police are searching for two people after an off-duty officer was assaulted and robbed of his personal firearm in North Philly on Sunday night.