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Economy

Mikie Sherrill Announces Run For Governor Mikie Sherrill Announces Run For Governor
Mikie Sherrill Announces Run For Governor Rep. Mikie Sherrill, D-NJ, is the latest name to announce she is running for Governor of New Jersey. Sherrill, who was recently re-elected to a fourth term representing New Jersey's 11th Congressional District, declared her candidacy in a video on Monday, Nov. 18. Gov. Phil Murphy is not eligible to run for re-election in 2025 due to term limits. The video, "Build Something," touts her background as a graduate of the United States Naval Academy and serving as a helicopter pilot in the Navy. "In a crisis the worst thing you can do is freeze," Sherrill said. "You have to choose to lead,…
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…
Mondaire Jones Slams Putnam Rep. Lawler For Supporting Trump After Report He Praised Hitler Mondaire Jones Slams Putnam Rep. Lawler For Supporting Trump After Report He Praised Hitler
Mondaire Jones Slams Putnam Rep. Lawler For Supporting Trump After Report He Praised Hitler Mondaire Jones is not holding back his criticism of his opponent in the race for New York's 17th Congressional District seat, Rep. Mike Lawler, for his support of former President Donald Trump despite his longest-serving chief of staff saying he meets the definition of a fascist.  Jones, a Democrat, made comments against Lawler, a Republican, following remarks made by former Trump chief of staff and four-star Marine general John Kelly, who told The New York Times that Trump "certainly falls into the general definition of fascist."  According to the Times, Kelly also said that Trum…
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, …
Naugatuck Restaurant Announces Closure After Almost 10 Years: 'Forever Thankful' Naugatuck Restaurant Announces Closure After Almost 10 Years: 'Forever Thankful'
Naugatuck Restaurant Announces Closure After Almost 10 Years: 'Forever Thankful' A Connecticut restaurant that spent almost a decade becoming a go-to spot for fun and energy has announced that the end is near.  New, updated report - Update: Naugatuck's 66 Church Announces Closing Date 66 Church, a restaurant and gastropub in New Haven County located at 66 Church St. in Naugatuck, announced on Tuesday, Oct. 8 that it would be closing for good "in the next few weeks."  Although no specific reason for the decision was given, the owners thanked its longtime customers for helping the business through the pandemic and "a horrible economy."  "We’re endles…
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…
PRESIDENTIAL POLL: Harris Leads Trump In PA, Lancaster-Based F&M Says PRESIDENTIAL POLL: Harris Leads Trump In PA, Lancaster-Based F&M Says
Presidential Poll: Harris Leads Trump In PA, Lancaster-Based F&M Says The latest Franklin & Marshall College poll of registered voters finds Vice President Kamala Harris narrowly leading former President Donald J. Trump by 49% to 46%.  The state of the economy was a leading concern, the Lancaster-based poll found after analyzing the responses of 890 voters. The poll was released on Thursday, Sept. 19. Pennsylvania is the largest of seven key battleground states in the presidential race, with 19 Electoral College votes. A total of 270 electoral votes are needed to win the Nov. 5 election. Voting began this week in Pennsylvania with the mailing of pape…
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…
Heated Westchester Race Most Expensive Congressional Primary Ever With $25M Spent Heated Westchester Race Most Expensive Congressional Primary Ever With $25M Spent
Heated Westchester Race Most Expensive Congressional Primary Ever With $25M Spent 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…
Connecticut Among Top 20 Best States, Brand-New Ranking Says: Here's Why Connecticut Among Top 20 Best States, Brand-New Ranking Says: Here's Why
Connecticut Among Top 20 Best States, Brand-New Ranking Says: Here's Why Connecticut continues to rank among the top 20 best states in the country. The Constitution State came in at No. 20 – down slightly from No. 16 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. Connecticut made the top 10 in health care (No. 3), crime & corrections (No. 6), and education (No. 8), according to the report.…
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…
Massachusetts Among Top 10 Best States, Brand-New Ranking Says: Here's Why Massachusetts Among Top 10 Best States, Brand-New Ranking Says: Here's Why
Massachusetts Among Top 10 Best States, Brand-New Ranking Says: Here's Why A new ranking lists Massachusetts as one of the top 10 best states in the country and places the commonwealth in the top three in categories like education and healthcare. The results are in. The 2024 Best States list by U.S. News & World Report, released on Tuesday, May 7, names Massachusetts as the 10th-best state in the country, a place higher than it scored in the 2023 report.  Massachusetts closely follows states like Utah (the best state, according to U.S. News & World Report), Nebraska (number three), Washington (number eight), and Florida (number nine). However, whe…
Hershey's Kisses Become Pennsylvania's Official State Candy Hershey's Kisses Become Pennsylvania's Official State Candy
Hershey's Kisses Become Pennsylvania's Official State Candy The Keystone State is now also the Hershey's Kiss state.  The Pennsylvania House of Representatives passed a bill on Tuesday, March 26 designating the chocolate treat as the state's official candy.  6abc reports that the legislation was inspired by a group of students in the Council Rock School District who were working on a project for a civics class.  "Hershey's Kisses are one of the most iconic chocolate products ever created by Hershey's and one of the most recognized and beloved chocolate products around the world," the bill says.  More than 70 mill…
Yet Another Renowned NJ Catering Venue Passes: The Woodcliff Lake Hilton Closes Yet Another Renowned NJ Catering Venue Passes: The Woodcliff Lake Hilton Closes
Yet Another Renowned NJ Catering Venue Passes: The Woodcliff Lake Hilton Closes Yet another North Jersey hotel that rings with decades worth of fond memories is biting the dust -- and raising the anxiety levels for customers forced to find another venue for their weddings, proms, bar mitzvahs and other special events. The Hilton Woodcliff Lake is closing within the next two weeks, having been sold at auction to a company headed by a New Jersey-bred billionaire developer. "I personally have been going to events there since I was a teenager. My own Sweet 16, proms, fundraisers were all held there," New Jersey State Sen. Holly Schepisi said. “I’m sorry to see such a long-…
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 Yonkers Store New Bed Bath & Beyond Closures Include Yonkers Store
New Bed Bath & Beyond Closures Include Yonkers Store 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…
Westchester County Given Aa1 Bond Rating By Moody's Westchester County Given Aa1 Bond Rating By Moody's
Westchester County Given Aa1 Bond Rating By Moody's Westchester County has just received an Aa1 bond rating by Moody's Investors Service, reflecting the county's "diverse and resilient economy," according to the company. In addition, it has upgraded the county’s rating outlook to positive from stable.  Earlier Report - County's Bond Rating Outlook Upgraded By Fitch Ratings According to the report that came with the rating, the county has benefitted from "strong resident wealth, a sizeable corporate base, and healthy full value per capita," as well as a home for workers commuting to New York City, according to Moody's.&n…
'You Out Biden-ed Yourself:' John Oliver Jokes On HBO About President's Trip To Maryland Plant 'You Out Biden-ed Yourself:' John Oliver Jokes On HBO About President's Trip To Maryland Plant
'You Out Biden-ed Yourself:' John Oliver Jokes On HBO About President's Trip To Maryland Plant President Joe Biden’s return to Maryland didn’t get off to a great start, and people were paying attention. The Commander-in-Chief was in Washington County at the Volvo Power Train Plant in Hagerstown over the weekend to tour the facility and give a speech on the economy, but when he stepped up to the podium, he misspoke, and comedian John Oliver made a note of it. In the lead-in on “Last Week Tonight with John Oliver” on Sunday, Oct. 9, the late-night host featured Maryland prominently, but only to highlight the president’s gaffe when he started his speech by confidently stating: “Let me s…
Here's What We Know About President Joe Biden's Upcoming Trip To Maryland Here's What We Know About President Joe Biden's Upcoming Trip To Maryland
Here's What We Know About President Joe Biden's Upcoming Trip To Maryland Maryland is getting ready to roll out the red carpet as President Joe Biden expects to visit Hagerstown on Friday, the White House announced. Biden will be at the Volvo Power Train Plant in Hagerstown on Friday, Oct. 7 to “deliver remarks on building the economy from the bottom up and middle out” during his visit, according to White House officials. No official time for the visit was provided, though staffers tipped their cap by advising motorists to avoid the roads between the Maugans Avenue entrance to Volvo and the Hagerstown Regional Airport between 10 a.m. and 4 p.m. on Friday. The C…
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 …
Maryland Takes Top Spot For States With Best Gender Equality, Education According To New Report Maryland Takes Top Spot For States With Best Gender Equality, Education According To New Report
Maryland Takes Top Spot For States With Best Gender Equality, Education According To New Report Maryland has earned the spot for best in the nation in for gender parity, reports US News. Maryland has taken the top spot overall in the study's education category, placing first for lower disparities for eighth graders in math and reading scores, and third for four-year public college graduation rates. The state has even made sure to prioritize K-12 education throughout the years, with both Democratic and Republican leaders, the report continues. The state also ranks number four in balanced representation and power. The study shows that states in the Northeast, West Coast, and to the west…
Wall Street Investor With NJ Tie Predicts Economic Downfall Wall Street Investor With NJ Tie Predicts Economic Downfall
Wall Street Investor With NJ Tie Predicts Economic Downfall A Virginia-raised investor with a tie to New Jersey is going viral for his recent prediction on the status of the economy. “The economy is going to collapse,” Novogratz said in a Wednesday, June 15 interview with MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways.” The Princeton University graduate's remarks came shortly before the Federal Reserve raised rates by 0.75 percent in an attempt to reduce inflation without going into a recession. Novogratz, CEO of cryptocurrency investment firm Galaxy Digital, cited layoffs in …
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…