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.
Meet Eagles fan Andrew Athias, who was among about 400 people taking part in Bad Bunny's historic Super Bowl halftime show.
"Today" show co-host Savannah Guthrie issued a plea for the public's help on Monday at what she called "an hour of desperation" in the search for her mother, Nancy.
The Eagles' reported new offensive line coach has connections to offensive coordinator Sean Mannion and D-coordinator Vic Fangio.
Federal agents were stationed outside a home in Montgomery County, Pennsylvania, for hours Monday before taking a man into custody.
Police say an argument inside a bar in the 2500 block of North 2nd Street in North Philadelphia led to a critical shooting.
Federal agents were stationed outside a home in Montgomery County, Pennsylvania, for hours Monday before taking a man into custody.
Meet Eagles fan Andrew Athias, who was among about 400 people taking part in Bad Bunny's historic Super Bowl halftime show.
A 32-year-old Philadelphia man was charged with killing his girlfriend on Outlook Lane in Levittown on Sunday, police said.
"Today" show co-host Savannah Guthrie issued a plea for the public's help on Monday at what she called "an hour of desperation" in the search for her mother, Nancy.
The Eagles' reported new offensive line coach has connections to offensive coordinator Sean Mannion and D-coordinator Vic Fangio.
Meet Eagles fan Andrew Athias, who was among about 400 people taking part in Bad Bunny's historic Super Bowl halftime show.
Federal agents were stationed outside a home in Montgomery County, Pennsylvania, for hours Monday before taking a man into custody.
Police say an argument inside a bar in the 2500 block of North 2nd Street in North Philadelphia led to a critical shooting.
A Pennsylvania woman spent seven months fighting to get more than $4,000 in unauthorized withdrawals reversed by her bank.
As parents navigate social media and the age of constant information, A Book A Day is using books to help kids better understand the world around them.
Meet Eagles fan Andrew Athias, who was among about 400 people taking part in Bad Bunny's historic Super Bowl halftime show.
Warm drinks, warm food and lots of layers are helping people in the Delaware Valley face the cold weather.
Power companies across the Philadelphia region and Lehigh Valley are reporting some outages Saturday while high wind alerts are in effect.
The coldest air of the season is set to slide over the Philadelphia area this weekend, which could lead to frost quakes, ice quakes and lake quakes.
A number of restaurants in the Philadelphia area landed on OpenTable's list of the Top 100 Romantic Restaurants in the U.S.
Two firefighters and two residents were taken to the hospital after a house fire in Wilmington on Sunday, officials said.
Power companies across the Philadelphia region and Lehigh Valley are reporting some outages Saturday while high wind alerts are in effect.
The coldest air of the season is set to slide over the Philadelphia area this weekend, which could lead to frost quakes, ice quakes and lake quakes.
The man whom Jill Biden divorced for the eventual 46th President of the United States is now in jail on murder charges.
A Delaware man is behind bars after he allegedly attacked two other men over a parking dispute, police say.
A new kind of joint replacement is now available for people who have a certain kind of arthritis in the hand.
A person with a confirmed case of measles visited an urgent care center in Collegeville, Pennsylvania, last month, health officials said.
A toddler and a dog from Los Angeles have a unique bond that came together thanks to a Philly doctor and a story from CBS News Philadelphia.
New Jersey has less than a one-week supply of red blood cells and less than a day's supply of platelets, health officials say.
For Kolin and his family, CHOP was a home away from home while he waited for a heart transplant.
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.
The city says residents shouldn't park on a major stretch of South Broad Street in Philadelphia Tuesday for a snow removal operation.
Traffic is starting to move again on Roosevelt Boulevard after a fatal crash shut down the road in both directions Friday morning.
Snow-covered sidewalks, freezing temperatures and more have made commutes challenging for many public transit riders across Philadelphia.
Philadelphia is closing several roads in Center City Tuesday night to remove snow after a winter storm dumped nearly 10 inches over the weekend.
Transportation service will ramp up gradually Monday across the Philadelphia area following the weekend snowstorm.
Meet Eagles fan Andrew Athias, who was among about 400 people taking part in Bad Bunny's historic Super Bowl halftime show.
The Eagles' reported new offensive line coach has connections to offensive coordinator Sean Mannion and D-coordinator Vic Fangio.
Barry Wilburn, who led the NFL in interceptions in 1987 and won a Super Bowl with Washington that same season, has died. He was 62.
Philadelphia Eagles QB Jalen Hurts was among the "Super Bowl Legends" introduced before Super Bowl LX between the Patriots and Seahawks.
Tyrese Maxey will be the first Philadelphia 76ers player to compete in the 3-Point Contest since Kyle Korver in 2005.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
The Temple University Jazz Band is releasing its first internationally-recorded album after placing first at the National Collegiate Jazz Championship.
Mural Arts Philadelphia is looking for an artist or team of artists to design a mural honoring Boyz II Men's contributions to music and culture as the city celebrates America's 250th anniversary.
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.
Some residents of an apartment building in Northeast Philadelphia say they have to bundle up and turn on space heaters just to stay warm inside their homes because of issues with the heat. The building owner said a team is working to resolve the issue.
The Philadelphia Eagles have reportedly found Jeff Stoutland's replacement.
Sharing the stage with Bad Bunny during his historic Super Bowl halftime show Sunday was a Philadelphia Eagles fan named Andrew Athias. CBS News Philadelphia's Marcella Baietto spoke with Athias about the experience.
The Philadelphia Phillies equipment trucks have made it to Clearwater, Florida! Phillies will play their first spring training game against the Toronto Blue Jays on Saturday, Feb. 21.
A house in Milmay, New Jersey was left charred and gutted after a fire broke out around 5 a.m. Monday. Officials said no one was hurt.