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Economy

Sharp Drop In College Enrollment Raises Alarm Sharp Drop In College Enrollment Raises Alarm
Sharp Drop In College Enrollment Raises Alarm Fewer high school graduates began college this fall, with enrollment in that age group dropping 5 percent from last year, according to an analysis by the National Student Clearinghouse Research Center.  Four-year institutions were hardest hit, with public colleges seeing an 8.5 percent drop in first-year enrollments and private nonprofit colleges reporting a 6.5 percent decline.  This trend poses significant challenges for colleges and universities, particularly those reliant on tuition revenue.  As the competition for students intensifies, institutions face mounting pressur…
Election 2024: Trump Reclaims Presidency By Securing Wins In Key Battleground States Election 2024: Trump Reclaims Presidency By Securing Wins In Key Battleground States
Election 2024: Trump Reclaims Presidency By Securing Wins In Key Battleground States Crucial triumphs in the key battleground states have lifted former President Donald Trump back to the White House. The 78-year-old Trump was declared winner of the 2024 election against Vice President Kamala Harris just before dawn on Wednesday, Nov. 6. Trump has been projected to win all three "Blue Wall" states of Michigan, Pennsylvania, and Wisconsin. With big additional wins in North Carolina and Georgia, he has secured the 270 electoral votes needed to reclaim the presidency, becoming the first president who will serve non-consecutive terms since former Democratic New York Gov. Grover…
Kamala Harris Stretches Lead Over Donald Trump In NY, With Big Gender Gap Among Women: New Poll Kamala Harris Stretches Lead Over Donald Trump In NY, With Big Gender Gap Among Women: New Poll
Kamala Harris Stretches Lead Over Donald Trump In NY, With Big Gender Gap Among Women: New Poll Support for Kamala Harris' presidential campaign is increasing in New York, especially among women who are overwhelmingly choosing her over former President Donald Trump, according to a new poll.  The vice president now has the support of 58 percent of likely New York voters, a 19-point lead over Trump, who has the support of 39 percent of voters, according to a Siena College poll released on Tuesday, Oct. 22.  The pollsters said this is Harris' largest lead yet in New York, up from 55 percent to 42 percent in September.  "Harris has widened her lead over Trump in New York, …
Iconic Food Container Maker Tupperware Files For Bankruptcy Iconic Food Container Maker Tupperware Files For Bankruptcy
Iconic Food Container Maker Tupperware Files For Bankruptcy A kitchen staple may soon be getting shelved. Iconic 78-year-old food container pioneer Tupperware filed for Chapter 11 bankruptcy protection on Tuesday, Sept. 17 amid a years-long slump in sales. The company known worldwide for its "Tupperware Parties" is now seeking court approval to continue operating during the proceedings as it pursues a sale. "Whether you are a dedicated member of our Tupperware team, sell, cook with, or simply love our Tupperware products, you are a part of our Tupperware family," said President and Chief Executive Officer Laurie Ann Goldman. "We pla…
Harris, Trump Come Out Swinging In Presidential Debate In Philadelphia Harris, Trump Come Out Swinging In Presidential Debate In Philadelphia
Harris, Trump Come Out Swinging In Presidential Debate In Philadelphia Vice President Kamala Harris and former President Donald J. Trump came out swinging at the National Constitution Center in Philadelphia on Tuesday, Sept. 10 in their first and possibly only presidential debate before the Tuesday, Nov. 5 election. Harris made the first move by shaking Trump's hand on stage — in their first face-to-face encounter. Political observers noted how Harris "baited" the former president, prompting him to look increasingly angry. But Trump entered the "spin room" less than an hour after the debate, saying, "I think it was the best debate, personally, that I've ever …
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…
Big Lots To Close Pair Of NY Stores Big Lots To Close Pair Of NY Stores
Big Lots To Close Pair Of NY Stores Discount retail chain Big Lots plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC). It currently has around 1,425 stores nationwide. Six stores in New York, Connecticut, and Massachusetts are slated to close, with both New York stores on Long Island. No store closures are scheduled for New Jersey. The company cited rising costs and inflation as reasons for the move and said a bankruptcy filing could be coming. Stores in the Northeast slated for closure are as follows: New York 260 Voice Road, Carle Place 231 Centere…
Biden Withdraws From 2024 Presidential Race, Endorses VP Kamala Harris To Be New Nominee Biden Withdraws From 2024 Presidential Race, Endorses VP Kamala Harris To Be New Nominee
Biden Withdraws From 2024 Presidential Race, Endorses VP Kamala Harris To Be New Nominee President Joe Biden has just announced he is pulling out of the 2024 race against Republican nominee Donald Trump. In a letter to "My Fellow Americans" released just before 2 p.m. Sunday, July 21, Biden said: “It has been the greatest honor of my life to serve as your president. “And while it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as president for the remainder of my term.” The news comes amid concerns over the 81-year-old Biden's health, which were loudly …
'Coolest Thing Made In NY' Competition Accepting Nominations 'Coolest Thing Made In NY' Competition Accepting Nominations
'Coolest Thing Made In NY' Competition Accepting Nominations Know of a product that’s too cool for school? The Business Council of New York State is now accepting nominations for its inaugural “Coolest Thing Made in New York” competition. "A statewide initiative aimed at spotlighting the innovation, creativity, and manufacturing excellence of businesses across the state," the council said of the contest.  "This exciting competition will provide a platform for manufacturers to showcase their products and highlight the vital role they play in driving New York's economy forward." The competition is open to all products that are created in New Yor…
Costco Raising Membership Fees In US, Canada Costco Raising Membership Fees In US, Canada
Costco Raising Membership Fees In US, Canada The Costco Wholesale Corporation has announced membership hikes in the US and Canada for the first time in seven years, according to a news release by the company issued on Wednesday, July 10.  Costco opened the release sharing a June sales growth in the US of 5.6%, which is higher than the past 44 weeks of just 4.4%, the company experienced a decrease in revenue internationally.  On the heels of sharing that news, the company made the announcement about raising the membership fees in both the US and Canada beginning Sept. 1.  Annual memberships are rising $5 making them $65…
$25M Spent: Heated Westchester Race Most Expensive Congressional Primary Ever $25M Spent: Heated Westchester Race Most Expensive Congressional Primary Ever
$25M Spent: Heated Westchester Race Most Expensive Congressional Primary Ever The closely-watched Democratic race between Westchester County Executive George Latimer and incumbent Rep. Jamaal Bowman for New York's 16th District seat is about to come to a close as the most expensive congressional primary in history, according to reports. CBS News says nearly $25 million has been raised and spent during the race, which will be decided on Primary Election Day on Tuesday, June 25. Over half of this amount, $16 million, has been put toward anti-Bowman attack ads and was largely spent by United Democracy Project, a super PAC of the pro-Israel group American Israel Public…
New York Among Top 25 Best States, Brand-New Ranking Says: Here's Why New York Among Top 25 Best States, Brand-New Ranking Says: Here's Why
New York Among Top 25 Best States, Brand-New Ranking Says: Here's Why New York continues to rank among the top 25 best states in the country. The Empire State came in at No. 23 – down slightly from No. 20 last year – on the 2024 Best States list by U.S. News & World Report, released Tuesday, May 7. Rankings were determined using 71 metrics across eight categories, including fiscal stability, infrastructure, education, health care, and the economy. Data was pulled from national surveys taken by nearly 70,000 people. New York made the top 10 for natural environment and health care, coming in at No. 5 and No. 8, respectively, while placing No. 12 in educat…
Poll Shows Tight Race In Special Election For George Santos Congressional Seat Poll Shows Tight Race In Special Election For George Santos Congressional Seat
Poll Shows Tight Race In Special Election For George Santos Congressional Seat New polling is showing a tight race ahead of New York’s special election to fill George Santos’ vacant House seat. An Emerson College/PIX11 poll of 3rd District voters released Thursday, Jan. 18, shows Democrat Tom Suozzi narrowly leading Republican Mazi Pilip 45 percent to 42 percent. Five percent of voters want someone else for the job while nine percent are still undecided, the poll found. Earlier Report: Election Date Set To Fill George Santos' Vacant House Seat The 3rd District seat – which represents parts of Nassau County and Queens – has sat vacant since Santos was ousted i…
'D Brooks Special': Newark Airport Restaurant Drops Price Of $78 Meal To $18 After Online Post 'D Brooks Special': Newark Airport Restaurant Drops Price Of $78 Meal To $18 After Online Post
'D Brooks Special': Newark Airport Restaurant Drops Price Of $78 Meal To $18 After Online Post You too can eat and drink like a well-known New York Times columnist at Newark Airport, but now at a discounted rate. Smokehouse, located in Terminal A at the airport, announced on social media it is offering a hamburger, fries and a double shot of whiskey for $17.78.  Earlier report: NY Times Columnist Mocked For Alleged $78 Meal At Newark Airport The move comes in response to a post from David Brooks, who bemoaned that his meal consisting of those items cost $78. Just added to the Menu. We’re the topic of America right now! #youcantbeatourmeat Nina Dawkins Kevin W Wortham Maurice…
NY Times Columnist Mocked For Alleged $78 Meal At Newark Airport NY Times Columnist Mocked For Alleged $78 Meal At Newark Airport
NY Times Columnist Mocked For Alleged $78 Meal At Newark Airport A tweet by David Brooks, a conservative commentator who writes for the New York Times, complaining about the price of a meal at Newark Airport has gone viral, with some questioning its authenticity. Brooks lamented that his burger, fries and alcohol combo cost $78 in a post on  the X platform (formerly known as Twitter) that has been viewed almost 15 million times. This meal just cost me $78 at Newark Airport. This is why Americans think the economy is terrible. pic.twitter.com/1qeV9qOBL3 — David Brooks (@nytdavidbrooks) September 21, 2023 "This is why Americans think the economy is ter…
Here's Where NY Ranks Among Best States In US, And Why Here's Where NY Ranks Among Best States In US, And Why
Here's Where NY Ranks Among Best States In US, And Why A brand-new report ranks all 50 states from top to bottom based on a variety of factors. U.S. News & World Report released its annual best states rankings on Tuesday, May 2, and New York came in at -- drumroll, please -- No. 20. Rankings were based on statistics in several categories, including economy, crime, health care, infrastructure, and education. A total of 48.8 percent of New Yorkers are college educated, the report said. New York has a median income of $43,462 and a Gross Domestic Product (GDP) of just over $2 billion. Utah is the top-ranked state in the rankings. …
New Bed Bath & Beyond Closures Include 5 Westchester Stores New Bed Bath & Beyond Closures Include 5 Westchester Stores
New Bed Bath & Beyond Closures Include 5 Westchester Stores Nearly two dozen New York locations are among a new round of scheduled closures announced by struggling home goods retailer Bed Bath & Beyond. Another 87 stores are due to close in 2023, the company announced this week, including 23 locations in New York. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. “This store fleet reduction expands the compan…
Brand-New Poll Reveals NYers' Reaction To Student Loan Forgiveness Plan Brand-New Poll Reveals NYers' Reaction To Student Loan Forgiveness Plan
Brand-New Poll Reveals NYers' Reaction To Student Loan Forgiveness Plan When it comes to President Biden’s sweeping plan to forgive thousands of dollars in federal student loans, a majority of New Yorkers support the move, according to a fresh Siena College poll.  The poll found that by 56 to 33 percent, New Yorkers supported the plan, which would forgive up to $20,000 in debt for those who received Pell Grants with loans held by the Department of Education. Non-Pell Grant recipients would have $10,000 in student debt canceled. Among those polled, 29 percent think Biden’s plan goes too far, while 21 percent said it doesn’t go far enough. Thirty-nine …
Work Starts On Major New Long Island Roadwork Project A Year Ahead Of Schedule Work Starts On Major New Long Island Roadwork Project A Year Ahead Of Schedule
Work Starts On Major New Long Island Roadwork Project A Year Ahead Of Schedule A $71 million construction project has been launched a year ahead of schedule on Long Island as officials seek to improve safety and access to bicyclists, pedestrians, and bus users. The New York State Department of Transportation (NYSDOT) announced the start of a $71.4 million project to reconstruct and modernize a stretch of State Route 347 in Suffolk County. The project will include the addition of new travel lanes, signals, crosswalks, and other improvements to a two-mile section of the roadway between Gibbs Pond Road and Hallock Road in the towns of Smithtown and Brookhaven. NYSDOT Co…
Hochul's Ascension To Governor Will Clear Way For New Lieutenant From Westchester Hochul's Ascension To Governor Will Clear Way For New Lieutenant From Westchester
Hochul's Ascension To Governor Will Clear Way For New Lieutenant From Westchester The leadership in Albany will have a brand-new look in two weeks when Gov. Andrew Cuomo’s resignation takes effect and Lt. Gov. Kathy Hochul officially takes over on Tuesday, Aug. 24. Cuomo finally gave into calls for his resignation on Tuesday, Aug. 10, effective 14 days later, when Hochul takes over, opening the door for a new lieutenant governor to take over her position. According to the Associated Press, Hochul has tapped her successor in State Senate Majority Leader Andrea Stewart-Cousins (D-Yonkers), who is set to take over the duties of lieutenant governor once Hochul becomes govern…
COVID-19: New York's State Of Emergency To Be Lifted COVID-19: New York's State Of Emergency To Be Lifted
Covid-19: New York's State Of Emergency To Be Lifted The State of Emergency put in place in New York more than a year ago is set to expire as the state continues its recovery from the COVID-19 pandemic. New York Gov. Andrew Cuomo announced that as of Thursday, June 24, the State of Emergency will be lifted as the state went from one of the COVID-19 hotbeds in the world to the lowest infection rate in the country. “The State of Emergency expires tomorrow, and it will not be renewed,” Cuomo said during a COVID-19 briefing in Manhattan on Wednesday, June 23. “It will punctuate the end of the emergency we’ve been in because New Yorkers and essent…
COVID-19: Cuomo Says Rapid Testing Key To Kickstarting Economy, Restoring Arts, Entertainment COVID-19: Cuomo Says Rapid Testing Key To Kickstarting Economy, Restoring Arts, Entertainment
Covid-19: Cuomo Says Rapid Testing Key To Kickstarting Economy, Restoring Arts, Entertainment Gov. Andrew Cuomo said that rapid COVID-19 testing could be the secret weapon in keeping New York's economy open and restoring the state’s famed arts and entertainment scene. During Day 2 of the “State of the State” address on Tuesday, Jan. 12, Cuomo addressed how to best continue reopening during the pandemic while laying out a plan to get musicians, dancers, and other artists back to work. 
“In New York, we’ve always understood the COVID reality was not about opening or closing the economy, but about striking a new balance where we use the science and technology to open intelligently,” he…
COVID-19: NY Discourages Non-Essential Travel To, From NJ, CT; Adds Two States To Advisory COVID-19: NY Discourages Non-Essential Travel To, From NJ, CT; Adds Two States To Advisory
Covid-19: NY Discourages Non-Essential Travel To, From NJ, CT; Adds Two States To Advisory With both New Jersey and Connecticut now meeting the criteria to be added to what had been a tristate travel advisory, New York is now discouraging non-essential travel to and from those neighboring states, as well as Pennsylvania. Two other states -- Maryland and Arizona -- were added to the quarantine list on Tuesday, Oct. 20. Under rules for the New York advisory, travelers who pass through a state on a list for less than 24 hours are exempt from the quarantine requirement. On Monday, Oct. 19, Connecticut changed its guidelines for the advisory, now saying a state has to …
First Presidential Debate Tonight: When, Where To Watch First Presidential Debate Tonight: When, Where To Watch
First Presidential Debate Tonight: When, Where To Watch Tonight, Tuesday, Sept. 29, is the first presidential debate between incumbent Republican Donald Trump and Democrat challenger Joe Biden. The debate will be held in Cleveland and Fox news program host Chris Wallace will be the moderator. The event will begin at 9 p.m. and will last for about 90 minutes without commercial breaks. Topics for tonight’s debate include the Supreme Court, COVID-19, economy, race and violence in America, and election integrity, according to the Commission on Presidential Debates. There are two other debates scheduled for Oct. 15 and 22. On Oct. 7, the vice-pr…
COVID-19: Here's How NYers Rate Cuomo's Pandemic Response COVID-19: Here's How NYers Rate Cuomo's Pandemic Response
Covid-19: Here's How NYers Rate Cuomo's Pandemic Response A large majority of registered voters in New York support the work Gov. Andrew Cuomo has been putting in during his deft handling of the novel coronavirus (COVID-19), according to a new poll. A new Marist College survey of 718 adults between Monday, July 6, and Wednesday, July 8 found that 72 percent of respondents approve of how Cuomo has dealt with the pandemic. Of those polled, 24 percent said they disapprove and 4 percent were unsure. Democrats overwhelmingly supported Cuomo’s work during the pandemic with a 90 percent approval rating, while 53 percent of Republicans said they disapprov…
COVID-19: Here's What New Businesses Will Reopen As Hudson Valley, Long Island Near Phase 3 COVID-19: Here's What New Businesses Will Reopen As Hudson Valley, Long Island Near Phase 3
Covid-19: Here's What New Businesses Will Reopen As Hudson Valley, Long Island Near Phase 3 The Hudson Valley and Long Island are on track to become the latest regions in New York to enter Phase 3 of opening up the economy as the state recovers from the novel coronavirus (COVID-19) crisis. Provided the COVID-19 numbers continue to stay steady, the Hudson Valley will enter Phase 3 on Tuesday, June 23, with Long Island following suit a day later on Wednesday, June 24. Related story - COVID-19: Dutchess, Putnam, Rockland, Orange County Execs Ask Cuomo To Start Phase 3 Earlier In Phase 3, limited indoor dining will be permitted, as well as personal care service businesses such as nai…
COVID-19: Poll Shows How Many Think It's Safe To Go Restaurant, Barber/Salon, Clothing Store COVID-19: Poll Shows How Many Think It's Safe To Go Restaurant, Barber/Salon, Clothing Store
Covid-19: Poll Shows How Many Think It's Safe To Go Restaurant, Barber/Salon, Clothing Store With states beginning to slowly reopen their economies amid the novel coronavirus (COVID-19) crisis, most Americans are still exercising extreme caution as businesses open their doors. A new Quinnipiac University poll of 1,323 Americans nationwide between Thursday, May 14, and Monday, May 18 gauged what is going to be considered “new normal” due to the COVID-19 outbreak. The poll found that 75 percent of voters believe the country should take a slow approach to reopen, even if it has a negative impact on the economy.  However, 21 percent are emphasizing the economy over public health,…
COVID-19: County Execs From Westchester, Long Island Discuss Paths To Reopening COVID-19: County Execs From Westchester, Long Island Discuss Paths To Reopening
Covid-19: County Execs From Westchester, Long Island Discuss Paths To Reopening County executives from Nassau, Suffolk and Westchester counties met on a Facebook Watch meeting to discuss the future of downstate New York amid the novel coronavirus (COVID-19) crisis. Suffolk County Executive Steve Bellone welcomed Nassau County Executive Laura Curran and Westchester County Executive George Latimer for a lengthy conversation on Thursday, May 21 as they discussed the unique challenges the two regions are facing as they look to start slowly reopening their economies. Currently, Long Island and the mid-Hudson Valley, the region Westchester has been grouped in, are the only r…
'Murder Hornets': Deadly Insects May Have Come To US As 'Hitchhikers' 'Murder Hornets': Deadly Insects May Have Come To US As 'Hitchhikers'
'Murder Hornets': Deadly Insects May Have Come To US As 'Hitchhikers' Asian giant hornets, now known globally as "murder hornets,” may have made their way to the United States as “unwitting hitchhikers,” according to health officials monitoring their arrival. Last week, reports of the vicious insects, which are approximately two-inches long and could be potentially deadly to humans and animals, surfaced on the West Coast, adding anxiety to those already gripped in fear from the ongoing COVID-19 pandemic. According to a spokesperson for the Washington State Department of Agriculture, it was unclear how the hornets made it to the United States, though he said …
'Murder Hornet': Westchester Town Begins Preparing Now For Possible Arrival 'Murder Hornet': Westchester Town Begins Preparing Now For Possible Arrival
'Murder Hornet': Westchester Town Begins Preparing Now For Possible Arrival A Westchester County town is “preparing for the next threat” as so-called “murder hornets” have been confirmed in Washington State. Greenburgh Supervisor Paul Feiner said on Wednesday morning, May 6 that the town is "stockpiling epinephrine and other medications" after the Asian giant hornet was spotted in the United States for the first time, prompting fears the insects could make their way to New York. Earlier story - Vicious Giant Hornets With Venomous Sting Spotted For First Time In US According to Feiner, “instead of waiting, the Town of Greenburgh EMS is preparing.” "Beyond its si…
COVID-19: Former Google CEO To Reimagine How New York Operates COVID-19: Former Google CEO To Reimagine How New York Operates
Covid-19: Former Google CEO To Reimagine How New York Operates Gov. Andrew Cuomo has tabbed former Google CEO Eric Schmidt to help lead the charge in reimagining the “new normal” in New York as it begins to come out the other side of the novel coronavirus (COVID-19) pandemic. Schmidt will be tasked with heading a 15-member blue-ribbon commission that will “Reimagine New York.” “We need a true visionary, and that’s Eric Schmidt,” Cuomo said. “He might be the best in the world. He saw a future no one else envisioned and developed a way to get there. So I’m asking him to work with us to bring that visionary aspect to our government and our society. “Th…