Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
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Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Hiring reflects a sharp slowdown compared with May, reflecting economic headwinds facing some businesses.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
An economic study by the state found it would cost road users $400,000 per day by using alternate routes. The study added a monetary value to travel times for cars and trucks and the operating costs of various alternate routes.
If the debt ceiling is not raised, economists say millions of Americans could lose their jobs, pushing the country into a recession.
President Joe Biden and his administration have been searching for ways he might act unilaterally to avoid an economic "calamity" if Congress can't reach agreement to allow more federal borrowing.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
The Allentown amusement park is looking to fill 2,000 season positions ahead of its 140th season in May.
CBS News polling finds Americans with largely dour assessments of the state of the union, as President Biden prepares to deliver his State of the Union address Tuesday.
Americans want compromise. The prospect of default impacts views.
Walgreens made similar changes last year.
Michelle Shannon from the Center City District joins CBS Philadelphia for a sneak peek at the deals coming up.
The jobs will add to 2,000 already in the city. They will be centrally located in an office tower at 20th and Arch streets.
Drivers are paying less for fuel than they did a month ago. Janelle Burrell reports.
Shoppers are expected to spend up to $960 Billion
Eyewitness News reporter Madeleine Wright takes a look at why winning a World Series would really be "icing on the cake" for area businesses.
The unemployment rate ticked down to 3.5% after holding at 3.6% for the past four months. The July jobless rate matched the half-century low last seen in February 2020.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
With 1.65 million Pennsylvanians having now filed for unemployment, backlogs have caused many to wait to collect for more than a month.
Is your small business protected from even the slightest of downturns? Use these solutions to provide stability to your cash flow.
Sherwayne Garrison was charged with murder for shooting and killing a 48-year-old man last week after he tried to steal his car in Frankford.
Philadelphia police are investigating four shootings, including three that happened in West Philly over the weekend.
The Eagles will look to extend their winning streak to seven games tonight against the Rams on Sunday Night Football at SoFi Stadium.
William Loevner and Katie Florio were the top elite finishers at the Philadelphia Marathon Sunday.
Jamel Brunson, a man wanted for the killing of a man in his 20s inside a North Philadelphia pizzeria on Thursday, has surrendered to police.
A water main break blocked off multiple streets in the Northern Liberties section of Philadelphia on Sunday.
Sherwayne Garrison was charged with murder for shooting and killing a 48-year-old man last week after he tried to steal his car in Frankford.
Philadelphia police are investigating four shootings, including three that happened in West Philly over the weekend.
Sunday is a cool fall day leading up to the busy Thanksgiving holiday travel week, where chances of wintry mix and rain are possible.
William Loevner and Katie Florio were the top elite finishers at the Philadelphia Marathon Sunday.
Philadelphia police are investigating four shootings, including three that happened in West Philly over the weekend.
William Loevner and Katie Florio were the top elite finishers at the Philadelphia Marathon Sunday.
Jamel Brunson, a man wanted for the killing of a man in his 20s inside a North Philadelphia pizzeria on Thursday, has surrendered to police.
A water main break blocked off multiple streets in the Northern Liberties section of Philadelphia on Sunday.
This weekend feels like fall, with blustery conditions, and a mix of sun and clouds.
A community in Lawnside came together with a peace vigil after a resident's fence was defaced with a racist message.
A new work program called the Hope Work Initiative launched this week in Atlantic City to give people experiencing homelessness a second chance.
Runners, set? The Philadelphia Marathon Weekend is finally here! Here's a list of events going on throughout the area this weekend.
A World War II veteran in Vineland, New Jersey celebrated his 103rd birthday at the French Embassy in Washington DC.
Winemaker Larry Sharrott said the drought will help produce robust wines at his South Jersey winery.
Former NFL running back Wendell Smallwood Jr. has been charged with defrauding COVID-19 relief programs, court documents show.
Sahori Arteaga and her family spent 10 months at the Ronald McDonald House of Delaware after flying 3,000 miles from Honduras to Wilmington for a kidney transplant.
It was a full circle moment when a Chester County mother brought her son to visit the Ronald McDonald House Charities of Greater Delaware for the first time.
For the Schiro family from Nevada, the Ronald McDonald House Charities of Greater Delaware — "Donald's House" — is a second home.
While we don't have anything solid in the forecast, as of late November, meteorologists can look at trends and historical dates.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
As runners count down to Sunday's big race at the Philadelphia Marathon, the cause is driving some people to run 26.2 miles.
A high school in Montgomery County, Pennsylvania, has a reported whooping cough case.
The new report shows the lung cancer survival rate has improved 26% in the last five years.
Skin care products are popular on TikTok, but some of them can damage skin, experts say.
Winemaker Larry Sharrott said the drought will help produce robust wines at his South Jersey winery.
The bar made the announcement on social media in a collaborative post with all other Bark Social locations.
The Philadelphia City Council is scheduled to hear public comment Tuesday afternoon on the proposed Sixers arena near the city's Chinatown neighborhood.
The Eagles running back is looking to get into sports consulting and talent management, the application shows.
Six Flags announced it shut down the Kingda Ka and Green Lantern roller coasters to make way for two new rides including The Flash coaster.
SEPTA will receive an infusion of $153 million in "flexed" federal highway money, enough to cover its running deficit, officials announced Friday.
Philadelphia Marathon Weekend is here, with the annual 26.2-mile run taking over the city with road closures and traffic delays.
Starting Dec. 1, hopping on a SEPTA bus, train, or trolley will likely cost you more. The Transit Authority approved a 7.5% rate increase on Thursday across much of its system.
On Wednesday, SEPTA agree to tentative deals with two unions to avert a strike in Philadelphia and its suburbs.
A crash shut down Route 309 northbound near Fort Washington and Upper Dublin Township for several hours on Wednesday morning.
The Eagles will look to extend their winning streak to seven games tonight against the Rams on Sunday Night Football at SoFi Stadium.
William Loevner and Katie Florio were the top elite finishers at the Philadelphia Marathon Sunday.
Matvei Michkov scored a power-play goal in overtime as the Flyers overcame a two-goal deficit in the third period to beat the Chicago Blackhawks 3-2.
A lawyer for former Temple basketball standout Hysier Miller says the 22-year-old sat for a long interview with the NCAA amid an investigation into unusual gambling activity.
The Philadelphia 76ers snapped a five-game losing streak with a 113-98 win over the Brooklyn Nets in an NBA Cup game.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
Runners, set? The Philadelphia Marathon Weekend is finally here! Here's a list of events going on throughout the area this weekend.
Former Philadelphia Eagles center Jason Kelce is getting his own late-night television show on ESPN early next year.
The Stardew Valley Symphony of Seasons tour is bringing a video game soundtrack to over 60 cities.
Jay Leno was badly injured in Greensburg when the 74-year-old comedian fell down a hill.
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.
Andrew Kozak has your NEXT Weather forecast as we get ready for the holiday week in the Philadelphia area.
Nearly 20,000 people participated in the Philadelphia Marathon Sunday, and many more were spread across the city to cheer them on. William Loevner talked to CBS News Philadelphia after winning the men's elite race.
Crews are cleaning up part of Philadelphia's Northern Liberties neighborhood after a water main break flooded the street and damaged at least one apartment building.
Thousands of athletes participated in Sunday's Philadelphia Marathon. Plus, more details on new funding for SEPTA and the latest weather forecast for the region.
Philadelphia Marathon race director Kathleen Titus talked to CBS News Philadelphia about what draws athletes to the race and what makes the weekend a success.