Inflation remains sticky, with CPI rising 2.7% from a year ago
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
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Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
The governor is asking the Legislature to approve a refund that sends checks to millions of middle class state residents to help them cope with the high cost of living. CBS News New York's Marcia Kramer reports.
New Yorkers could receive an "Inflation Refund" check for up to $500 next year, Gov. Kathy Hochul announced Monday.
Democrats have watched their margin of victory shrink in New York City in three consecutive general elections.
A new Bankrate survey found 41% of Americans say inflation is their top economic issue for the 2024 presidential election. Bankrate's senior economic analyst Mark Hamrick joins CBS News New York to discuss the impact.
Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.
Social Security benefits are given a cost-of-living adjustment each year. The 2025 COLA increase is the smallest since 2021.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
New Yorkers shared their opinions about the economy with CBS News New York's Jessica Moore after Tuesday night's presidential debate.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
Jill Schlesinger, Business Analyst for CBS New York breaks down the latest inflation numbers.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
It seems like the cost of just about everything is going up. Here's what New Yorkers think is just "too damn high."
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
CBS News Business Analyst Jill Schlesinger breaks down the latest numbers.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
For the first time in more than 50 years, the city's vacancy rate has dropped to 1.4% So how did we get here, and what's being done about it?
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
CBS News Business Analyst Jill Schlesinger joins us to explain what it means for your wallet.
Consumers often hear a car loses its value once you drive it off the lot, but that may not be the case anymore.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
Karl-Anthony Towns had 32 points and 20 rebounds in his return to Minnesota, leading the inspired Knicks past the Timberwolves on Thursday night.
The Brooklyn Nets overcame a 10-point deficit and beat the Toronto Raptors on Thursday night.
The Columbus Blue Jackets snapped a five-game skid with a victory over the New Jersey Devils on Thursday night.
Some New Jersey American Water customers say their water is coming out brown or has an unusual taste or odor.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
Mets owner Steve Cohen's Metropolitan Park casino complex proposal has picked up steam after gaining the Queens borough president's approval.
Parts of the MTA's emergency exit infrastructure are in a hazardous state of disrepair, according to a new audit report.
The Riverside Church of New York announced this week plans to close its Weekday School after 95 years of caring for local children.
Luigi Mangione was charged with four federal crimes Thursday in the killing of UnitedHealthcare CEO Brian Thompson. The federal charges are significant because they open the possibility of him facing the death penalty.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
Cold, rainy weather returns to NYC and the surrounding area today, and it's time to track some more snow later this week.
We're going for nearly 60 Tuesday, which flirts with the record of 62 set back in 2000. The normal high is 44, and we'll be nowhere near that.
A wintry mix and rain made a mess on the roads in New York, New Jersey and Connecticut.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
Some New Jersey American Water customers say their water is coming out brown or has an unusual taste or odor.
The New Jersey Supreme Court has put a hold on an appeals court decision to put the Paterson Police Department back under local control.
At least four students were injured when a school bus veered off a road and crashed in Monroe Township on Thursday afternoon.
Four people were injured after a small plane crashed at the Lakewood Airport in Ocean County, New Jersey, on Thursday, police said.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
The mysterious drones seen flying over New Jersey and several other East Coast states have prompted a ban from the FAA.
If you're a National Grid customer in New York City or on Long Island, it's going to cost more to heat with gas this winter.
The Long Island Expressway has reopened hours after a deadly crash caused major delays for the morning commute.
We're going for nearly 60 Tuesday, which flirts with the record of 62 set back in 2000. The normal high is 44, and we'll be nowhere near that.
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
NYC Mayor Eric Adams' former chief advisor Ingrid Lewis-Martin has been indicted on bribery charges, the Manhattan DA announced.
A move in Congress by Sen. Chuck Schumer that would have allowed towns to track drones was blocked Wednesday.
A federal bill that could help prevent e-bike and e-scooter battery fires is finally nearing the finish line, according to the FDNY.
Ingrid Lewis-Martin, New York City Mayor Eric Adams' former chief advisor, is expected to report to court Thursday to face charges, her attorney said.
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.
CBS News New York's Cindy Hsu's mental illness did not stop her. Now, she's highlighting hope and solutions.
Suffolk County is warning parents about the dangers of co-sleeping after three more infants who shared beds with adults died in the last four weeks.
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.
The annual gala at the John F. Kennedy Center for the Performing Arts features personalized tributes with performances and testimonials from fellow artists.
Karl-Anthony Towns had 32 points and 20 rebounds in his return to Minnesota, leading the inspired Knicks past the Timberwolves on Thursday night.
The Brooklyn Nets overcame a 10-point deficit and beat the Toronto Raptors on Thursday night.
The Columbus Blue Jackets snapped a five-game skid with a victory over the New Jersey Devils on Thursday night.
The Yankees on Wednesday introduced one of their latest big name acquisitions – left-handed starting pitcher Max Fried.
Juuse Saros made 25 saves to lead the Nashville Predators to a victory over the New York Rangers on Tuesday night.
Mets owner Steve Cohen's Metropolitan Park casino complex proposal has picked up steam after gaining the Queens borough president's approval.
Parts of the MTA's emergency exit infrastructure are in a hazardous state of disrepair, according to a new audit report.
The Riverside Church of New York announced this week plans to close its Weekday School after 95 years of caring for local children.
Neighbors living in communities without subway stops say congestion pricing has caused many to consider leaving New York City.
As development continues in Gowanus, Powerhouse Arts, housed in an old power station, works to keep artists in the neighborhood.
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."
With Christmas and Hanukkah approaching, holiday travelers will be out in force this weekend. As CBS News New York's Elijah Westbrook reports, millions will be hitting the road or catching a flight.
CBS News New York's Tony Sadiku has the latest weather forecast.
The man accused of killing the UnitedHealthcare CEO is back in New York City and in custody. Luigi Mangione is being held at a federal prison in Brooklyn, the same facility housing Sean "Diddy" Combs. CBS News New York's Lori Bordonaro reports.
CBS News New York's Lonnie Quinn has your First Alert Forecast for December 19 at 11 p.m.
Thousands of Amazon workers walked off the job and onto picket lines across the country Thursday, including in New York City. With less than a week until Christmas, CBS News New York's Naveen Dhaliwal explains what it means for your packages.
