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Top News & Analysis Philadelphia

  • March 1- PepsiCo Inc said on Wednesday it would cut 80 to 100 jobs in Philadelphia as the city's new sugar-sweetened beverage tax hurts demand for its products. Philadelphia imposed a tax of 1.5 cent per ounce on sugary and diet drinks to combat rising obesity and diabetes in the city. PepsiCo's beverage sales fell 40 percent in the city because of the tax, company...

  • *European stock markets climb, FTSE hits record high. Treasury yields rose along with the dollar and Wall Street rallied, lifting the Dow above 21,000, as investors bet on an interest rate hike and gave a sigh of relief after U.S. Financial stocks were the biggest boost for Wall Street after New York Fed President William Dudley- one of the most influential U.S....

  • President Donald Trump's measured tone in his first speech to Congress lifted optimism and investors viewed a looming interest rate hike as a glass half full. But it was a break in Trump's often-abrasive speaking style that encouraged many investors who have worried he may struggle to push his agenda through a Congress reluctant to widen the budget deficit.

  • Severe thunderstorms and possible travel delays are likely later on Wednesday in New York City, Washington, Philadelphia and Boston, AccuWeather meteorologists said. "Severe thunderstorms will continue to spread across the Ohio and Tennessee Valley regions into the Middle Atlantic states, possibly into southern New England by midafternoon," the National...

  • Severe thunderstorms and possible travel delays are likely later on Wednesday in New York City, Washington, Philadelphia and Boston, AccuWeather meteorologists said. "Severe thunderstorms will continue to spread across the Ohio and Tennessee Valley regions into the Middle Atlantic states, possibly into southern New England by midafternoon," the National...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • Gatta, 41, an investment professional who worked at various private equity firms including Basso Capital Management and Pegasus Capital Advisors, will replace CEO Phil Rinaldi, who is retiring in March. Rinaldi has been CEO of the privately held company since 2010, when Carlyle Group and Sunoco formed a joint venture to rescue the Philadelphia refinery, the...

  • A real estate agent shows a home to a prospective buyer in Miami.

    In local markets across the nation, there are too few listings to meet the strong buyer demand.

  • PHILADELPHIA ENERGY SOLUTIONS NAMES ITS CHIEF OPERATING OFFICER GREGORY GATTA AS NEXT CEO.

  • Pakistani soldiers patrol at the site of a court complex after multiple Taliban suicide bombings in the Tangi area of Charsadda district on February 21, 2017.

    Here are some of the key stories CNBC is following this hour.

  • In this image from video provided by WPVI, officials investigate an accident involving out-of-service commuter trains in Upper Darby, Pa., Tuesday, Feb. 21, 2017.

    Here are some of the key stories CNBC is following this hour.

  • A file photo showing commuters exiting a Southeastern Pennsylvania Transportation Authority (SEPTA) subway car on the Market-Frankford line in Philadelphia, Pennsylvania.

    Two out-of-service SEPTA trains in suburban Philadelphia crashed on Tuesday morning, NBC10 reports.

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • *U.S. bonds rally with German, U.K. debt. NEW YORK, Feb 17- U.S. The market is benefiting from lower yields overseas and sort of a reassessment of the risk on trade that weve seen in equities, said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management in New York.