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Business
Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say
Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say US tariffs on goods from its three largest trading partners -- neighboring nations Canada and Mexico as well as China -- have gone into effect after President Trump signed an order late Saturday afternoon, Feb. 1. Canada and Mexico have been slapped with 25 percent tariffs. The rate for China, America's main economic rival, is 10 percent. Canada also has an adjusted 10 percent rate for energy products, include crude oil. Mexico and Canada account for about 70 percent of US crude oil imports. Now, many economists are warning that American consumers will be paying more for a host of staple i…

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by Joe Lombardi
Lifestyle
Gas Prices Hit New Record High In New York Amid Surge In Oil Costs Gas Prices Hit New Record High In New York Amid Surge In Oil Costs
Gas Prices Hit New Record High In New York Amid Surge In Oil Costs There is no relief in sight for motorists in New York as prices at the pump continue to rise to new record highs, according to AAA. As of Monday, May 16, AAA was reporting that the average price per gallon has risen to $4.76 in New York, setting another new record after peaking at $4.52 a week prior, the previous high. Diesel gas is also on the rise, up to $6.50 as of Sunday, May 15, also a new record in New York. According to AAA, there is not expected to be any relief for drivers with Memorial Day and the busy summer driving season fast approaching. “The high cost of oil, the key ingre…

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by Zak Failla
Lifestyle
Here Are Adjustments NYers Are Making In Response To Inflation, New Poll Reveals Here Are Adjustments NYers Are Making In Response To Inflation, New Poll Reveals
Here Are Adjustments NYers Are Making In Response To Inflation, New Poll Reveals Researchers have reported the findings of a new poll about the adjustments New Yorkers plan to make to their lifestyles in response to inflation. The Siena College Research Institute published the findings of an economic impact survey conducted in March. Researchers found that 26 percent of respondents said inflation is having a very negative effect on their personal finances, and 44 percent said it is having a somewhat negative effect. Eighty-seven percent of respondents reported that they are concerned about the cost of food in light of economic conditions and the war in Ukraine, and 80 …

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by Nicole Valinote
Politics
NY State Consumer Sentiment Up, New Siena Poll Shows NY State Consumer Sentiment Up, New Siena Poll Shows
NY State Consumer Sentiment Up, New Siena Poll Shows Are you ready to shop until you drop? Are you worrying less about finances?  What do state residents think about food and gasoline prices? According to a new Siena College Research Institute (SCRI) public opinion poll, consumer sentiment is up by more than four percentage points this year through September. That's the highest level measured in consumer confidence since March 2017, according to Siena. The new poll also found: Rising confidence numbers are driven by "iIncreasing future optimism." New Yorkers nearly match the rest of the nation with "strong expectations"…

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by Jon Craig
Lifestyle
New Yorkers Feeling More Confident About Spending Money, Poll Shows New Yorkers Feeling More Confident About Spending Money, Poll Shows
New Yorkers Feeling More Confident About Spending Money, Poll Shows A new poll by Siena College Research Institute discovered that New Yorkers are feeling more confident about spending money. The public-opinion survey from the second quarter of 2018 found that New York residents plan to buy motor vehicles, electronics and furniture more than they had in the previous three months. However, their spending plans dipped for home improvements. “For the 15th consecutive quarter, consumer sentiment across New York state is well above the optimism/pessimism breakeven point," said Douglas A. Lonnstrom, professor of statistics and finance and SCRI founding direc…

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by Jon Craig