Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally-mandated grounding of the...Airlinesread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
The strengthening of the president's formidable campaign war chest has led his organization, along with the Republican National Committee, to raise over $100 million in the...2020 Electionsread more
The three-judge panel in the U.S. Court of Appeals for the Second Circut also upheld the more than $7.7 million in fines and restitution that a judge imposed on Shkreli last...Biotech and Pharmaceuticalsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
Philip Morris International beats second-quarter earnings and revenue estimates and hikes its full-year forecast as its new tobacco products gain momentum.Health and Scienceread more
Better jobs and higher rents are pushing more young Philadelphians to buy homes in the city's downtown. With the median home price of $203,600 near the national average, and a new energy to rebuild and rehab downtown neighborhoods, it is no wonder sales are up dramatically.
"Millennials are moving into town," said Mike McCann, a 28-year veteran of the Philadelphia housing market, and a real estate agent with Berkshire Hathaway Home Services, Fox & Roach. "They are moving into Center City, into downtown, because of lifestyle. They don't want to live out in the 'burbs. They don't want to drive."
Sales of existing Philadelphia homes dropped 3 percent in November from a year ago, according to Fox & Roach. Inventory is up about 6 percent, according to Zillow. That could mean an easing in prices, as is the case in much of the nation, but there is a local difference in Philly.
"What's happened in Center City is an expansion of neighborhoods," said McCann, who points to both new construction and major rehabilitation projects expanding out from the city's core in every direction.
Renting is still very popular among young Philadelphians, but McCann said that as rents rise and the employment picture improves, he's seeing more people look at buying, especially new condominiums and rehabs.
"This is the most exciting I've ever seen it. It's not any one neighborhood, it's everywhere," he added.
Updated: This story was updated to include November sales figures.