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.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
The Philadelphia Eagles enter the 2024 NFL draft with eight picks, with three in the first two rounds. Keep track of the Birds' draft picks here.
The Dolphins have a 2nd round pick on Friday and four more picks on Saturday
The Philadelphia Eagles selected Toledo cornerback Quinyon Mitchell with the 22nd overall pick in the 2024 NFL draft on Thursday night in Detroit.
Joel Embiid scored a playoff career-high 50 points as the Philadelphia 76ers defeated the New York Knicks, 125-114, on Thursday night at the Wells Fargo Center in the NBA playoffs.
The Philadelphia Eagles selected Toledo cornerback Quinyon Mitchell with the 22nd overall pick in the 2024 NFL draft on Thursday night in Detroit.
The student-led demonstration is part of protests against the Israel-Hamas war being held on college campuses across the United States.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
The Philadelphia Eagles enter the 2024 NFL draft with eight picks, with three in the first two rounds. Keep track of the Birds' draft picks here.
The Dolphins have a 2nd round pick on Friday and four more picks on Saturday
A Philly tradition returned to Franklin Field Thursday as Day 1 of Penn Relays brought athletes, coaches and families to the city of Brotherly Love.
Philly Black Pride's mission is to transform social environments for LGBTQ+ people of color.
The Sandy Rollman Ovarian Cancer Foundation will celebrate the 20th anniversary of the Sandy Sprint Philadelphia 5k run/walk on Saturday.
Philadelphia police are asking the public for help finding Raniesha Resto, who was last seen in Kensington Thursday afternoon.
Rhyuhn Green is headed to The Juilliard School. He's been playing the piano since he was a toddler.
Opposition is growing in one Atlantic City neighborhood over possibly expanding the area where recreational marijuana businesses can open.
At least two Princeton University students were arrested Thursday at a pro-Palestinian protest on campus where students began setting up tents.
The Penn Relays will bring thousands of athletes in Philadelphia this weekend. If you're heading to Franklin Field, here's what you need to know.
Thursday is cool and cloudy with a few peeks of sunshine later in the day. Temps drop close to freezing Friday morning, but the second half of the weekend kicks off a summerlike warmup.
For the fourth straight year, Jason Kelce will celebrity bartend at the Ocean Drive in Sea Isle City, New Jersey, to raise money for the Eagles Autism Foundation.
Camay Mitchell De Silva was killed at Delaware State University. Her family wants to make sure she's remembered for the life she lived.
The Penn Relays will bring thousands of athletes in Philadelphia this weekend. If you're heading to Franklin Field, here's what you need to know.
Thursday is cool and cloudy with a few peeks of sunshine later in the day. Temps drop close to freezing Friday morning, but the second half of the weekend kicks off a summerlike warmup.
Camay De Silva's loved ones gathered at a Wilmington park to remember her and release balloons in her honor.
Wednesday morning's weather in the Philadelphia area starts off with some chances of rain but then likely clears up in the afternoon.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
The Sandy Rollman Ovarian Cancer Foundation will celebrate the 20th anniversary of the Sandy Sprint Philadelphia 5k run/walk on Saturday.
A New Jersey woman has received a first-of-its-kind transplant using a modified pig kidney along with a heart pump.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
Tick bites can cause a range of illnesses — and as the weather warms up, ticks can be particularly prevalent. Delaware County leaders are working to keep residents aware of the dangers ticks bring.
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.
From a new Taylor Swift to an exclusive Pearl Jam "Dark Matter" vinyl, Record Store Day 2024 will be a big one for record stores in the Philadelphia area and worldwide.
Wawa is officially in central Pennsylvania.
Cove Pocono Resorts' two other properties, Cove Haven Resort and Paradise Stream Resort, will remain open despite the closure of the Pocono Palace.
Nine life-sized sculptures made by world-renowned artist Seward Johnson are on loan to Philadelphia's Frankford Avenue in Mayfair until mid-September.
The fatal crash in Boothwyn shut down Route 322 from Chelsea Parkway to Creek Parkway for several hours on Wednesday afternoon.
"Intercity bus carriers" will be relocating from the Spring Garden Street area of the city as soon as Labor Day, Philadelphia transportation officials told a Northern Liberties neighborhood group.
Three construction workers died on I-83 in York County, Pennsylvania after a truck struck their vehicle in an active work zone, Pennsylvania State Police said.
One person died in a car accident in Pennsauken, Camden County, Tuesday afternoon, Pennsauken police said.
All lanes of the Pennsylvania Turnpike near Quakertown have reopened after a dump truck overturned Monday morning, according to the Pennsylvania Turnpike Commission.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
The Philadelphia Eagles enter the 2024 NFL draft with eight picks, with three in the first two rounds. Keep track of the Birds' draft picks here.
The Dolphins have a 2nd round pick on Friday and four more picks on Saturday
The Philadelphia Eagles selected Toledo cornerback Quinyon Mitchell with the 22nd overall pick in the 2024 NFL draft on Thursday night in Detroit.
Joel Embiid scored a playoff career-high 50 points as the Philadelphia 76ers defeated the New York Knicks, 125-114, on Thursday night at the Wells Fargo Center in the NBA playoffs.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Play on Philly provides students with ambitious, high-quality music education at almost no cost.
The Iron Menace coaster at Dorney Park takes you 15 stories into the sky before a 95-degree drop tops out at speeds of 64 mph. We got a sneak peek and rode the brand new ride.
Construction is halfway complete on the Lansdowne Theater, the focus of an $18 million restoration project. Once the building reopens, it will serve as a concert hall.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
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.
Two Bucks County girls wrestling medal winners are hopeful more young women will get involved in the male-dominated sport.
Students in Philadelphia's Law Pathway program are learning more about a possible legal career with help from Penn's law school and the Troutman Pepper law firm.
Mercy Career and Technical High School senior Taylor Houseman was one of two students selected to give a SEPTA bus a brand new look.
Friday's weather in the Philadelphia region starts off with frost advisories and freeze warnings before a sunny day with a high temperatures in the 60s in the city and Lehigh Valley, and the low 50s at the Jersey Shore.
Philadelphia fans gathered Thursday night to watch the 76ers beat the New York Knicks. After the game, many turned their attention to the NFL draft to see the Eagles pick cornerback Quinyon Mitchell out of Toledo with the 22nd overall pick.
The Philadelphia Board of Education has voted to name the School District of Philadelphia’s central office building at 440 Broad Street to The Constance E. Clayton Education Center. Clayton was the district's first African American and first female superintendent.
The Philadelphia region is under frost and free advisories Friday morning. You can expect a sunny but unseasonably cool day Friday, with a high of 62 degrees
Pro-Palestinian protesters have set up an encampment at the University of Pennsylvania. The move follows a day of student-led protests across Philadelphia, part of a wave of protests nationwide.