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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.
The Philadelphia 76ers continued to build around their star trio of Joel Embiid, Tyrese Maxey and Paul George with the addition of free-agent postseason star Caleb Martin.
Trea Turner hit a pair of two-run home runs off Max Fried, Aaron Nola earned his 100th career victory and the Philadelphia Phillies beat the Atlanta Braves 8-6 on Friday night.
Certified lifeguards with the Brigantine Beach Patrol are preparing rookies for if they ever have to save someone who is stranded at sea.
Police said a woman was hit by multiple vehicles Saturday morning on Frankford Avenue near Wissinoming Park.
Minnesota Vikings rookie Khyree Jackson died early Saturday morning in a car accident in Maryland.
A fire in Wharton State Forest has led to the evacuation of a campground and the closure of a trail near Tabernacle, New Jersey.
Police said an adult was killed and eight other people, some of them teenagers, were hurt in a shooting in Philadelphia on July 4.
A Bucks County farm owner breathes a sigh of relief as her runaway emu, spooked by 4th of July fireworks, is returned home after being on the loose for 24 hours.
The Philadelphia 76ers continued to build around their star trio of Joel Embiid, Tyrese Maxey and Paul George with the addition of free-agent postseason star Caleb Martin.
Trea Turner hit a pair of two-run home runs off Max Fried, Aaron Nola earned his 100th career victory and the Philadelphia Phillies beat the Atlanta Braves 8-6 on Friday night.
The Philadelphia 76ers continued to build around their star trio of Joel Embiid, Tyrese Maxey and Paul George with the addition of free-agent postseason star Caleb Martin.
Trea Turner hit a pair of two-run home runs off Max Fried, Aaron Nola earned his 100th career victory and the Philadelphia Phillies beat the Atlanta Braves 8-6 on Friday night.
Police said a woman was hit by multiple vehicles Saturday morning on Frankford Avenue near Wissinoming Park.
Today's dangerous hot weather around the Philadelphia region has triggered an Excessive Heat Warning, which is the highest level of heat alert
A Bucks County farm owner breathes a sigh of relief as her runaway emu, spooked by Fourth of July fireworks, is returned home after being on the loose for 24 hours.
Certified lifeguards with the Brigantine Beach Patrol are preparing rookies for if they ever have to save someone who is stranded at sea.
Today's dangerous hot weather around the Philadelphia region has triggered an Excessive Heat Warning, which is the highest level of heat alert
Often parents and caregivers are on autopilot and sometimes a slight change in the drop-off routine can lead to the unthinkable.
A Brigantine man is on a mission to keep the city's beaches and streets clean of trash, but to accomplish his goal, he first needed to figure out a way to get people's attention.
A fire in Wharton State Forest has led to the evacuation of a campground and the closure of a trail near Tabernacle, New Jersey.
Today's dangerous hot weather around the Philadelphia region has triggered an Excessive Heat Warning, which is the highest level of heat alert
Often parents and caregivers are on autopilot and sometimes a slight change in the drop-off routine can lead to the unthinkable.
Much of the Philadelphia region is under a heat advisory Friday, with hot and humid conditions expected.
While some local businesses and regional chains have altered their hours for the Fourth of July, many will remain open. Here's a look at what's open and closed across the Delaware Valley.
Here's where you can watch fireworks in the greater Philadelphia area this Fourth of July and over the weekend.
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
Hatch has received two reports of people being shocked after plastic on the product's AC power adapter came off.
Measure would protect an estimated 36 million and represent first major federal safety standard of its kind.
Here is a preview of Jefferson Health's new outpatient facility, the Honickman Center, made in Philadelphia with hopes of making a doctor's trip less stressful.
Diamond Shruumz-brand cones, chocolate bars and gummies sold nationwide now linked to 48 illnesses in 24 states.
While some local businesses and regional chains have altered their hours for the Fourth of July, many will remain open. Here's a look at what's open and closed across the Delaware Valley.
Atlantic City, New Jersey, leaders and business owners are preparing for an influx of people for the Fourth of July holiday.
Gov. Phil Murphy and officials from Amtrak and NJ Transit announced a new plan Thursday to fix the agencies' problems.
Beating the heat with a South Philly staple: John's Water Ice has been serving a combination of fruit, sugar and frozen water in Italian ice since 1945 with a labor of flavor.
Pennsylvania's highest court will decide whether the cash-paying electronic game terminals that are commonplace in convenience stores, bars and elsewhere are unlicensed gambling machines.
Record numbers of travelers are expected to hit the road for the 4th of July this week. Many are headed to Jersey Shore destinations like Margate.
Three people were killed after a small bus rear-ended a truck and caught fire on the Route 1 Media Bypass in Delaware County on Tuesday.
Route 422 eastbound was blocked near the Trooper Road exit around Oaks and Audubon, Pennsylvania, after a fatal tractor-trailer crash Friday.
A section of I-95 southbound was closed for several hours in Philadelphia after a tractor-trailer jackknifed and caught fire.
Part of I-95 northbound in Delaware was blocked Thursday after a crash involving two tractor-trailers.
The Philadelphia 76ers continued to build around their star trio of Joel Embiid, Tyrese Maxey and Paul George with the addition of free-agent postseason star Caleb Martin.
Minnesota Vikings rookie Khyree Jackson died early Saturday morning in a car accident in Maryland.
The Warriors were in the market for another dependable perimeter threat following the loss of Klay Thompson, who agreed to join the Mavericks.
The struggling Chicago Cubs pounded the major league-leading Philadelphia Phillies 10-2 to avoid a three-game sweep on Thursday.
It's the dawn of a new era at the Nathan's Famous Hot Dog Eating Contest. Patrick Bertoletti is the new men's champion, and Miki Sudo set a new record and retained the women's division title.
Prince died of an accidental fentanyl overdose in 2016. He had no will, and his six siblings inherited equal interests in the estate.
It's the dawn of a new era at the Nathan's Famous Hot Dog Eating Contest. Patrick Bertoletti is the new men's champion, and Miki Sudo set a new record and retained the women's division title.
Actress Sheryl Lee Ralph is riding out Hurricane Beryl in Jamaica as the major Category 4 storm barrels toward the Caribbean island Wednesday.
Here's where you can watch fireworks in the greater Philadelphia area this Fourth of July and over the weekend.
Ann Wilson, lead singer of rock band Heart, says she has cancer.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
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.
Ylaine Zhu a School District of Philadelphia student, is among the newest Gates Scholars.
After applying to 13 colleges and being rejected by his dream school, Dexter Resa proves that with grit and heart, you can accomplish things beyond your wildest dreams and make history while doing it.
Meet 13-year-old Daphne Todas, a real-life karate kid from Mount Bethel, Pennsylvania, helping change the face of power sports like martial arts.
Saturday is expected to be the second-busiest travel day at Philadelphia International Airport - over the week the airport could welcome as many as 700,000 travelers, numbers not seen since the COVID-19 pandemic. Ross DiMattei reports.
The Tea Time Hill wildfire burning near Tabernacle, New Jersey has grown but is more contained. The next update will be issued at 3 p.m.
Police say a woman is dead after being hit by 2 vehicles at Comly Street and Frankford Avenue early Saturday morning.
A memorial will be held for a boy who died on his first day at camp in Burlington County, New Jersey. In Philadelphia, police are still investigating the motive for a mass shooting that wounded eight people and killed 1. Jan Carabeo has your morning headlines and Tammie Souza has an update on the hot weather conditions around Pennsylvania, New Jersey and Delaware today.
Hot weather is back once again in Philadelphia, the Pa. suburbs, South Jersey and Delaware, with feels-like temps in the triple digits in the cards across much of the region, and storm chances both weekend days, Tammie Souza reports.