Rents are cooling off, bolstering Fed's case for cutting rates
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
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After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
A very similar setup to Wednesday will be underway, with highs in the mid to upper 30s under mostly sunny skies.
The NYPD says New Yorkers shouldn't be alarmed if they spot drones in Lower Manhattan today because they are part of a pre-planned and permitted flight.
Volunteers delivered 14,000 meals to older New Yorkers on Christmas Day.
A Long Island father and son are having a Christmas like no other. They've just moved from a homeless shelter into their own apartment, thanks to Catholic Charities.
Some neighbors in a Harlem apartment building are spending Christmas gathered around stoves and electric heaters to stay warm after weeks without heat.
A very similar setup to Wednesday will be underway, with highs in the mid to upper 30s under mostly sunny skies.
The NYPD says New Yorkers shouldn't be alarmed if they spot drones in Lower Manhattan today because they are part of a pre-planned and permitted flight.
Volunteers delivered 14,000 meals to older New Yorkers on Christmas Day.
A Long Island father and son are having a Christmas like no other. They've just moved from a homeless shelter into their own apartment, thanks to Catholic Charities.
Some neighbors in a Harlem apartment building are spending Christmas gathered around stoves and electric heaters to stay warm after weeks without heat.
A very similar setup to Wednesday will be underway, with highs in the mid to upper 30s under mostly sunny skies.
The National Weather Service says snow depth in Central Park was 1 inch at 7 a.m. Christmas morning. That's the minimum amount of snow needed to make it officially a White Christmas.
Some light snow is moving through NYC and the surrounding New York and New Jersey area today, just in time for Christmas Eve.
New York City congestion pricing cleared late legal challenges in Manhattan and Rockland County, keeping it on track to start Jan. 5, 2025.
NYC is facing the coldest weather in a while, and New York and New Jersey could be in for a White Christmas with snow on the way.
A very similar setup to Wednesday will be underway, with highs in the mid to upper 30s under mostly sunny skies.
The National Weather Service says snow depth in Central Park was 1 inch at 7 a.m. Christmas morning. That's the minimum amount of snow needed to make it officially a White Christmas.
Festivities begin before Christmas Day as families celebrate the Feast of the Seven Fishes.
Some light snow is moving through NYC and the surrounding New York and New Jersey area today, just in time for Christmas Eve.
Some residents in Central New Jersey say their water still has an odd taste and odor, forcing them to drink bottled water this holiday season.
A very similar setup to Wednesday will be underway, with highs in the mid to upper 30s under mostly sunny skies.
A Long Island father and son are having a Christmas like no other. They've just moved from a homeless shelter into their own apartment, thanks to Catholic Charities.
The National Weather Service says snow depth in Central Park was 1 inch at 7 a.m. Christmas morning. That's the minimum amount of snow needed to make it officially a White Christmas.
A judge has ordered the bankrupt Harborside in Port Washington back to the negotiating table to address millions owed to residents.
New York City congestion pricing cleared late legal challenges in Manhattan and Rockland County, keeping it on track to start Jan. 5, 2025.
Former President Bill Clinton remains in "good spirits," a spokesman said.
New York City congestion pricing cleared late legal challenges in Manhattan and Rockland County, keeping it on track to start Jan. 5, 2025.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
A new course at Albert Einstein College of Medicine in the Bronx aims to help medical students understand the community they serve.
A woman who lost her jaw after being caught in a crossfire in Ukraine can smile again thanks to transformative surgery in New York.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
New York Congressman-elect George Latimer expects "major pushback" to Robert F. Kennedy Jr.'s potential vaccine policy if he heads Donald Trump's Health and Human Services Department.
A breakthrough treatment is making a huge difference for stroke survivors, improving hand and arm function, and their quality of life.
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Sean "Diddy" Combs was back in federal court in Lower Manhattan on Wednesday for a pretrial hearing.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
Mikal Bridges scored a season-high 41 points, and the Knicks overcame 42 from Victor Wembanyama to edge the Spurs 117-114 on Wednesday.
Rasmus Dahlin had four assists and the Sabres stopped a 13-game slide by routing the Islanders 7-1 on Monday night.
Karl-Anthony Towns and OG Anunoby combined for 62 points in the Knicks' fourth straight win, 139-125 over the Raptors on Monday night.
Bam Adebayo scored 17 of his 23 points in the second half and the Heat snapped a three-game skid with a 110-95 win over the Nets on Monday night.
The Devils pounded the Rangers 5-0 on Monday, sending New York to its 13th loss in its last 17 games.
Volunteers delivered 14,000 meals to older New Yorkers on Christmas Day.
People living in one Harlem apartment building say they are freezing as they await a new boiler system.
Local residents are at odds with the Forest Hills Stadium concert venue over what they say is excessive noise.
Clients of the Emma L. Bowen Center's Rainbow Clubhouse and substance abuse recovery programs participated in a photography project to share positive perspectives.
As Hanukkah approaches, the Brooklyn organization is in a race against time to deliver gifts to children battling illnesses.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
A Connecticut family has an extra special reason to celebrate this holiday season. A 36-year-old father just got the new heart he's been waiting months for.
A 45-year-old woman died in a hit-and-run at 158th Street and 111th Avenue in Queens.
The weeklong celebration occurs each year from Dec. 26-Jan. 1.
It's expected to be a hectic day for retailers, with some shoppers ready to use holiday gift cards and others returning or exchanging merchandise. CBS News New York's Derick Waller reports.
The Jericho Fire Department battled the flames for more than four hours to bring it under control, only for the fire to flare up again later. CBS News New York's Hannah Kliger reports.
