Sticker shock greets back-to-school shoppers on Long Island
Inflation is doing a number on just about all supplies, but experts say there are steps that can save money, CBS2's Jennifer McLogan reports.
Inflation is doing a number on just about all supplies, but experts say there are steps that can save money, CBS2's Jennifer McLogan reports.
Airfares were down 7.8% in July compared to June, according to the latest numbers released by the Labor Department.
The new report shows inflation slowed last month.
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Senators debated amendments to the economic bill, which contains many of President Biden's climate, energy, health and tax goals.
The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.
The Labor Department said practically all jobs lost during the pandemic have been restored.
Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure's tax and energy provisions.
The economy shrank again in the second quarter, fueling debate about whether or not the country is in a recession. CBS News reports.
Depending on what the report says, we could be officially in a recession. CBS2's Zinnia Maldonado has more.
Prices for just about everything are at a 40-year high, and as CBS2's Dave Carlin reports, even the least expensive items at bodegas and shops around New York City are getting hit.
Inflation continues to squeeze consumers, so Wednesday, the Federal Reserve raised interest rates 0.75 percent, meaning it will cost more to borrow money. The economic trouble is leaving families more worried about their bottom lines. CBS2's Dick Brennan has more on the reason why we keep seeing rate hikes.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The move is meant to curb historically high 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.
As CBS2's John Dias reports, there are a number of factors contributing to this key week for the state of the economy.
The nationwide average for a gallon of regular plunged to $4.36.
The newest figures are raising some serious concerns about our economy.
Inflation is hitting nearly every part of the economy and there is no quick end in sight, but as CBS2's Dick Brennan reports, many consumers continue to spend as the job market remains strong.
Many owners say they are making drastic changes to how they operate or closing down for good.
Inflation has flown past 9 percent, and we're all feeling the squeeze. Some restaurant owners told CBS2's Jenna DeAngelis they are either making changes or shutting down.
Prices continue to climb for everything from gas, to food and rent. CBS2's Lisa Rozner reports.
This comes as Americans see consumer prices skyrocket on everything from groceries to gas. CBS2's Elijah Westbrook reports.
CBS2's Nick Caloway has more on what this could mean for your wallet and investments.
The India Day Parade returns to New York City for its 42nd year Sunday.
Spencer Torkelson doubled and tripled in his return to the majors, and the Detroit Tigers beat the New York Yankees 4-0.
A Queens man was arrested after he allegedly impersonated an MTA employee and livestreamed what he was doing.
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
The India Day Parade returns to New York City for its 42nd year Sunday.
A Queens man was arrested after he allegedly impersonated an MTA employee and livestreamed what he was doing.
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
Co-founders of AMA Animal Rescue in Gravesend say they're unsure they can afford to keep their doors open.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
A plume of smoke from Canadian wildfires gave the moon over New York City an orange tint.
All beaches in Brooklyn and Queens, along with Jacob Riis Beach, are closed to swimming on Saturday and Sunday due to expected dangerous rip currents caused by Hurricane Ernesto.
As Hurricane Ernesto hits Puerto Rico and the U.S. Virgin Islands, people in the NYC worry about loved ones in the storm's path.
Matt Corey and Dr. Michael Goldstein won Republican nominations in Connecticut's primary elections Tuesday, according to the Associated Press.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
The New Jersey attorney general's office released body cam video showing police officers shooting and killing Victoria Lee inside a Fort Lee apartment building in July.
A plume of smoke from Canadian wildfires gave the moon over New York City an orange tint.
Sen. Bob Menendez officially ended his election campaign on Friday, days before he is set to resign and just after Gov. Phil Murphy appointed a successor.
All beaches in Brooklyn and Queens, along with Jacob Riis Beach, are closed to swimming on Saturday and Sunday due to expected dangerous rip currents caused by Hurricane Ernesto.
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
Mayor Eric Adams is throwing his support behind Nassau County's new face mask ban and pushing for a similar law in NYC.
A plume of smoke from Canadian wildfires gave the moon over New York City an orange tint.
Former NYPD Officer John Mendola paid $40,000 to have his beloved dog Princess cloned, but should he have?
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
Mayor Eric Adams is throwing his support behind Nassau County's new face mask ban and pushing for a similar law in NYC.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
Sen. Bob Menendez officially ended his election campaign on Friday, days before he is set to resign and just after Gov. Phil Murphy appointed a successor.
The New York State Department of Health issued a warning after the WHO declared an Mpox outbreak in Africa a global emergency.
Officials have been warning of a return to the pre-pandemic trends of pertussis, also known as whooping cough.
Drugmaker Lykos Therapeutics had asked the FDA to approve its MDMA capsules as part of a therapy regimen for treating PTSD. It says another study will take "several years."
Stone-like materials called slag tested positive for elevated levels of arsenic along the beach in Keyport, New Jersey, state officials said.
The Duke and Duchess of Sussex's Archewell Foundation is launching a new initiative, the Parents' Network, to support parents whose children have been victimized by harmful online content, from social media bullying to suicide ideation.
"Happy Gilmore 2" is holding an open casting call for New Jersey "locals." Here's your chance to be an extra.
Taylor Swift's blockbuster "Eras Tour" resumed in London on Thursday after her concerts in Vienna were canceled earlier this month because of an alleged terror plot.
Gena Rowlands, hailed as one of the greatest actors to ever practice the craft, died at 94 on Wednesday, her representatives confirmed.
Taylor Swift has long called NYC's Greenwich Village home, and the city is celebrating with limited edition "Cornelia Street" signs.
In 1959 Carol Burnett burst onto the New York stage in the musical comedy "Once Upon a Mattress." In the new Broadway revival, two-time Tony-winner Sutton Foster recreates the role of Winnifred, a princess in search of a suitable mate.
Spencer Torkelson doubled and tripled in his return to the majors, and the Detroit Tigers beat the New York Yankees 4-0.
Brandon Nimmo broke out of his slump with a three-run homer and Jeff McNeil launched a two-run shot, powering the New York Mets to a 7-3 win over the Miami Marlins.
Aaron Judge hit his major league-leading 44th home run and Gerrit Cole struck out eight in six innings as the New York Yankees beat the Detroit Tigers 3-0.
JJ Bleday hit his first career grand slam as the A's rallied for a 7-6 win over the Mets on Thursday.
Aaron Rodgers finished strong after a slow start during Thursday's joint practice with the Panthers.
Co-founders of AMA Animal Rescue in Gravesend say they're unsure they can afford to keep their doors open.
A group of middle school students at a NYCHA development spent their summer designing a new youth space in their community center.
A Brooklyn man worries about water damage to his old home. He says the community garden next door is to blame.
An elderly NYCHA resident said she's been waiting months to be transferred from her building in the Bronx, and she can't put up with the poor living conditions any longer.
Richmond Hill residents Carol and Jack Wolf have the home of their dreams, and the sidewalk of their nightmares. The Wolfs say they were added to the city's repair waitlist in 2017..
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
CBS News New York's Vanessa Murdock has your weather forecast for August 17 at 6 p.m.
Expect heavy traffic and detours in Midtown on Sunday for the India Day parade.
An investigation is underway into a building collapse at a yacht club in Westchester County.
George Santos is expected to plead guilty to charges stemming from allegations of fraud, a person familiar with the matter confirmed to CBS News New York. Reporter Alecia Reid has the details.
If you're heading to a beach in Brooklyn or Queens this weekend, you won't be allowed to swim due to potentially dangerous rip currents. CBS News New York's Kristie Keleshian has the warning, and Vanessa Murdock has the latest on Hurricane Ernesto.