City Philadelphia Financial News

Pro-crypto candidate for the United States presidency Robert F. Kennedy, Jr., often known simply as RFK Jr., announced on Oct. 9 at a rally in Philadelphia that he was dropping his bid for nomination in the Democratic primary to run as an independent instead. “I’m here to declare myself an independent candidate,” he said.

By Jarrett Renshaw

Robert F. Kennedy Jr.

Two teams that collectively managed about $1.7 billion in client assets at Bernstein Private Wealth Management are joining UBS, the firm announced Thursday.

Wall Street's main indexes opened lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. The Dow Jones Industrial Average fell 52.00 points, or 0.16%, at the open to 33,455.50. The S&P 500 opened lower by 3.53 points, or 0.08%, at 4,284.52, while the Nasdaq Composite dropped 1.34 points, or 0.01%, to 13,217.99 at the opening bell. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

Wall Street was set to open lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

Aerosmith has postponed their 2023 tour to the following year due to a severe vocal injury sustained by Steven Tyler. Initially diagnosed as «bleeding vocal cords,» Tyler's condition has now been revealed to be more critical than initially thought. In a statement released on social media, the band disclosed that Tyler fractured his larynx, necessitating ongoing medical attention. Although he is receiving top-notch care, the nature of the fracture requires patience. Following Tyler's vocal injury, six tour dates were rescheduled to 2024, starting in January and concluding in late February. These concerts were originally planned for Detroit, Chicago, Washington, D.C., Toronto, Raleigh and Cleveland. The band's earlier expectation of returning by October 11 has been dashed. The band has indicated that new dates will be announced once more information becomes available. All previously purchased tickets will be honored at the rescheduled concerts, and refunds will be offered to those unable to attend the yet-to-be-announced new dates. Tyler also shared a personal message, expressing his heartbreak at not being able to perform with Aerosmith and the Black Crowes, but promising a swift return to the stage. Similarly, Bruce Springsteen has had to postpone all of his September shows due to struggles with peptic ulcer disease. His representatives stated that Springsteen is undergoing treatment and that the tour dates, originally set to conclude in mid-December, are being postponed out of an abundance of caution. Currently, the only concerts on Springsteen's schedule are a series of rescheduled shows in Philadelphia next August.

Bruce Springsteen and the E Street Band’s 2023 tour will be postponed until 2024, citing doctor’s advice.The Boss, who last week celebrated his 74th birthday, is “steadily recovering” from peptic ulcer disease, a press release read. “Out of an abundance of caution,” the remainder of this year’s tour has been pushed to next year.Earlier this month, Springsteen announced that he would be postponing all of his September 2023 dates while he was treated for symptoms related to the disease, which causes ulcers to form in the stomach or small intestine that can cause heartburn, nausea and stomach pain.Those postponed shows included stops in Baltimore, Philadelphia, Albany and Syracuse in New York, Pittsburgh, Washington, and shows in Connecticut and Ohio.The newly postponed shows include shows all across Canada, in Vancouver, Edmonton, Calgary, Winnipeg, Ottawa and Montreal — as well as two dates in Toronto.The Boss’ West Coast run of Phoenix, San Diego, Los Angeles, and San Francisco has also been postponed.Rescheduled concerts will be announced this week and will take place at the original venues.Peptic ulcer disease can be dangerous, leading to bleeding and emergency situations such as perforation of the ulcer through the stomach.

Federal Reserve convened for its much-anticipated two-day monetary policy meeting. All three indexes ended the session lower in a broad sell-off ahead of the Fed's interest rate announcement on Wednesday, which is expected to culminate in a decision to leave key interest rates unchanged. «It's a big set up coming into tomorrow and markets are clearly focused on any change in communication from the Federal Reserve,» said Bill Northey, senior investment director at U.S. Bank Wealth Management, Helena Montana, who expects «intense focus on the Fed's perspective on inflation in the post-meeting press conference.» «Broad inflation readings have shown marked progress over the last year,» Northey added.

(Reuters) — The acting president of Temple University in Philadelphia, JoAnne Epps, fell ill on Tuesday while attending a memorial service on campus and died a short time later, the school said in a statement. She was 72.

(Reuters) — DirecTV and Nexstar have agreed to temporarily returnthe signals of the Nexstar-owned stations and national cable news network NewsNation to DirecTV, DirecTV Stream and U-verse, the companies said in a joint statement on Sunday.

My nephew Noah had a classmate in seventh grade who mocked him for being short. One day he came up to Noah after lunch and crouched down, as if he were trying to make himself the same height. “Is this what you see down here?" he teased.

WWE Royal Rumble 2024 will take place in Tampa in the state of Florida in January next year. It is considered one of the five biggest wrestling events. Tampa also hosted WrestleMania in 2021. This will be the first time since 1995 that WWE Royal Rumble will take place in Tampa. The announcement was made a day after wrestling entertainment company WWE merged with mixed martial arts promotion company UFC to create a new media conglomerate TKO Group Holdings.

Aerosmith's ‘Peace Out: The Farewell Tour’, marking over 50 years together, faces delays following Steven Tyler's vocal cord injury at the UBS Arena on September 9. Steven Tyler, the frontman, shared that doctors ordered him not to sing for 30 days due to vocal cord damage and bleeding sustained during a recent show. As a result, several tour dates will be rescheduled to ensure a proper performance for fans. Six concerts have been moved to 2024, starting in January and concluding in February. The affected cities include Detroit, Chicago, Washington, D.C., Toronto, Raleigh and Cleveland. Previously purchased tickets will remain valid for the new dates, and refunds are available for those unable to attend. Aerosmith had commenced their ‘Peace Out: The Farewell Tour’ on September 2 in Philadelphia, completing only three out of 40 scheduled dates. Notably, in December of the previous year, the band had to cancel the final two shows of their Las Vegas residency due to an undisclosed illness affecting Steven Tyler. Additionally, earlier in their journey, they had postponed dates to enable Tyler to seek treatment for addiction issues that arose following foot surgery.

President Joe Biden says he doesn’t think an auto workers union strike is going to happen and tells a crowd gathered in Philadelphia for a Labor Day parade he’s celebrating union jobs

President Joe Biden has told a crowd gathered in Philadelphia for a Labor Day parade he’s “celebrating jobs, good-paying jobs, jobs you can raise a family on, union jobs.”

By Trevor Hunnicutt

Nasdaq after this week's sharp gains and as investors were nervous ahead of Federal Reserve Chair Jerome Powell's speech Friday. Shares of Nvidia ended barely higher after they hit a record high early in the session. The company late Wednesday gave a much stronger-than-expected forecast amid demand for its artificial intelligence chips and said it would buy back $25 billion in stock. All of the major S&P 500 sectors were down on the day, however, and an index of semiconductors dropped 3.4%. Central bankers and other economic leaders gathered Thursday for an annual symposium in Jackson Hole, Wyoming.

By Brendan Pierson

WWE is flexing its branding muscle, selling more than 90,000 tickets to next year’s WrestleMania about eight months before the premium live event is held and before a single match has been announced

Starbucks has been ordered to pay an additional $2.7 million to a former regional manager earlier awarded $25.6 million after alleging that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philad...