Tag:

Inflation

Big Lots To Close 4 More Pennsylvania Stores Big Lots To Close 4 More Pennsylvania Stores
Big Lots To Close 4 More Pennsylvania Stores It's more bad news for discount retailer Big Lots.  The national chain previously announced plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC), but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in Pennsylvania. In an updated term sheet Big Lots filed with the SEC on Friday, Aug. 2, the company detailed that it would need to close 20 percent of its 1,392 stores — about 290 in all  Big Lots has 73 stores located in the Keystone State.  The company cited…
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…
Big Lots To Close Three Maryland Stores Big Lots To Close Three Maryland Stores
Big Lots To Close Three Maryland Stores Discount retail chain Big Lots is planning to close dozens of stores this year, according to a filing with the Securities and Exchange Commission (SEC). The retailer, which operates more than 1,400 stores nationwide - including 27 in Maryland - is planning to shutter the doors of approximately 40 locations.  The company cited rising costs and inflation as reasons for the move, and a bankruptcy filing could reportedly be on the way. None of Virginia's 42 Big Lots stores are among those listed. In Maryland, stores in Reisterstown, Laurel, and Lexington Park are reportedly among the doz…
Atlantic City's 2024 Airshow Canceled After 'Major Act' Withdraws From Event Atlantic City's 2024 Airshow Canceled After 'Major Act' Withdraws From Event
Atlantic City's 2024 Airshow Canceled After 'Major Act' Withdraws From Event Atlantic City's popular air show has been scrubbed for 2024 after a last-minute effort seemingly saved the financially troubled summer spectacle, officials said. The 2024 Visit Atlantic City Airshow has been canceled, according to the event website's homepage on Wednesday, July 10. A joint statement was posted by the Greater Atlantic City Chamber, the South Jersey Transportation Authority (SJTA), and Visit Atlantic City. The free event, which attracts about 500,000 visitors, was scheduled for Tuesday, Aug. 13, and Wednesday, Aug. 14. "We regret …
Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion
Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion In a fundraising blitz, President Joe Biden's campaign for re-election has raised $33 million since last Thursday's debate, the bulk of that in New Jersey and New York, a spokesman said on Monday, July 1. That total includes "grassroots" money from small donors, a campaign aide said. Biden, 81, a Democrat, is being challenged by former President Donald Trump, 78, a Republican. Biden attended two fund-raising events in East Hampton, NY, on Saturday afternoon followed by a Saturday evening fund-raiser hosted by New Jersey Gov. Phil Murphy and his wife, Tammy, in Middletown. “I didn’t have a…
PSE&G Proposes Lowering Gas Bills PSE&G Proposes Lowering Gas Bills
PSE&G Proposes Lowering Gas Bills PSE&G customers could be getting some relief in their bills. PSEG filed proposals with the New Jersey Board of Public Utilities to lower gas bills for residential customers by 6.1% effective October. “This is an opportunity to lower our gas supply rate, providing our customers with a little bill relief and helping to maintain affordability,” said Dave Johnson, vice president Customer Care & Chief Customer Officer. “We’re pleased that we will continue to have one of the lowest gas rates in the state.” If approved, the Basic Gas Supply Service (BGSS) rate will be reduced by almost 7 …
Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air
Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air Atlantic City's popular air show has been saved for 2024 but questions about the event's future are flying above its head. In a news conference on Wednesday, Mar. 20, Mayor Marty Small Sr. officially announced the South Jersey Transportation Authority (SJTA) will provide $300,000 to fund the 2024 Visit Atlantic City Airshow. The free event is scheduled for Tuesday, Aug. 13, and Wednesday, Aug. 14. Organizers said inflation and lingering COVID-19 pandemic impacts created doubts about the 2024 show as early as July 2023. A news release announcing the event's cancelation was drafted and could …
Clothing Under $110 Now Exempt From Sales Tax In This Hudson Valley County: Here's How Long Clothing Under $110 Now Exempt From Sales Tax In This Hudson Valley County: Here's How Long
Clothing Under $110 Now Exempt From Sales Tax In This Hudson Valley County: Here's How Long Those who purchase any clothing or footwear cheaper than $110 in one Hudson Valley county will not have to pay sales tax thanks to a new piece of legislation.  Effective on Friday, March 1, clothing and footwear under $110 purchased in Putnam County will be exempt from sales tax for two years, officials announced.  The exemption comes thanks to a piece of legislation signed into law by Putnam County Executive Kevin Byrne in 2023. The legislation was passed unanimously by the County Legislature in November as part of a series of initiatives in the 2024 County Budget. …
Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says
Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says A new report shows that the Fairfield County commercial market ended the year in a good place. Bolstered by the Greenwich office and retail markets, the Fairfield County commercial market completed 2023 on "a generally positive note," according to the Houlihan Lawrence Fairfield Commercial Market report released on Tuesday, Feb. 6. According to the report, Greenwich retail rental rates ended 2023 at the best levels ever seen in late Spring. Greenwich office occupancy and lease rates remained remarkably stable over the second half of 2023.  However, the greater…
'McFlation': $7 Egg McMuffin At Fairfield McDonald's Sparks Outrage 'McFlation': $7 Egg McMuffin At Fairfield McDonald's Sparks Outrage
'McFlation': $7 Egg McMuffin At Fairfield McDonald's Sparks Outrage A pricey breakfast sandwich purchased at a Connecticut McDonald’s is sparking outrage on social media. The Fairfield County breakfast order, which was shared by Bespoke Investment Group on X, was placed on Saturday, Jan. 27 just off of I-95 in the town of Fairfield, according to the posted picture of the receipt. “What has the world come to??” the user asked, showing that the receipt included two Egg McMuffins, costing a total of $14.58 — or $7.29 each — and a bacon, egg, and cheese McGriddle for another $7.19. “Outrageous pricing,” Bespoke wrote. $7.29 for one McDonald’s Egg McMuf…
Minimum Wage Increase In Westchester: Here's How Much It Will Rise As New Year Begins Minimum Wage Increase In Westchester: Here's How Much It Will Rise As New Year Begins
Minimum Wage Increase In Westchester: Here's How Much It Will Rise As New Year Begins As the New Year draws closer, New York Gov. Kathy Hochul is reminding residents that the state's minimum wage will increase as soon as the ball drops.  Beginning on Monday, Jan. 1, the minimum wage in New York City, Westchester County, and Long Island will go up to $ 16 per hour, and $15 per hour for the rest of the state, Hochul reminded residents on Wednesday, Dec. 27.  Earlier Report - Minimum Wage To Go Up In New York: Here's When, How Much Additionally, the minimum wage for home care aides will increase to $18.55 per hour in New York City, Westchester, and Lon…
Hudson Valley Eatery Announces Closure 'With Heavy Heart' Hudson Valley Eatery Announces Closure 'With Heavy Heart'
Hudson Valley Eatery Announces Closure 'With Heavy Heart' After eight years of good food and drinks, a beloved Hudson Valley pub and beer garden is closing its doors. Located in Ulster County, Schatzi's New Paltz will serve its last pierogi and cold beer on Sunday, Dec. 31. The owner, Jeremy Phillips, who announced on Facebook the closure, said it was with a "heavy heart" that he is closing the business. "New Paltz being my home town has and will always hold a special place in my heart," Phillips said. "I love this town and the people of this town." He added that many factors contributed to his decision to close the door including the pandemic,…
Minimum Wage Increase In Westchester: Here's How Much It Will Rise As New Year Begins Minimum Wage Increase In Westchester: Here's How Much It Will Rise As New Year Begins
Minimum Wage Increase In Westchester: Here's How Much It Will Rise As New Year Begins As the New Year draws closer, New York Gov. Kathy Hochul is reminding residents that the state's minimum wage will increase as soon as the ball drops.  Beginning on Monday, Jan. 1, the minimum wage in New York City, Westchester County, and Long Island will go up to $ 16 per hour, and $15 per hour for the rest of the state, Hochul reminded residents on Wednesday, Dec. 27.  Earlier Report - Minimum Wage To Go Up In New York: Here's When, How Much Additionally, the minimum wage for home care aides will increase to $18.55 per hour in New York City, Westchester, and Lon…
Minimum Wage To Go Up In Westchester: Here's When, How Much Minimum Wage To Go Up In Westchester: Here's When, How Much
Minimum Wage To Go Up In Westchester: Here's When, How Much To help those struggling with rising costs, New York Gov. Kathy Hochul has announced that the state's minimum wage will be increasing when the new year begins.  Effective on Monday, Jan. 1, the minimum wage in Westchester County, Long Island, and New York City will increase to $16 per hour, and $15 per hour in the rest of the state, Hochul announced on Monday, Dec. 11.  The current minimum wage in Westchester, Long Island, and New York City is $15 per hour, while it is $14.20 in the rest of the state.  According to Hochul, the increases come thanks to an agreement between he…
Popular Central Jersey Eatery Suspends Operations After 33 Years Popular Central Jersey Eatery Suspends Operations After 33 Years
Popular Central Jersey Eatery Suspends Operations After 33 Years A popular Central Jersey restaurant and bar is "suspending operations'' after 33 years in business. Buzzy’s Food & Spirits is shutting down this Saturday, Aug. 12, according to the co-owner. But "based on the outpouring of support" the restaurant could resume service later, possibly under new management, Rob Brownlie, the co-owner, said on Thursday, Aug. 10.  "Nothing's final,'' Brownlie told Daily Voice. The 3,300-square-foot eatery is located at 200 Stelton Road in Piscataway. Buzzy’s is a nickname for the Bussiere family name. Bob and Rita Bussiere and their five childre…
No Raise Raises Ire Of NJ Transit Engineers On Brink Of Strike Vote (UPDATED) No Raise Raises Ire Of NJ Transit Engineers On Brink Of Strike Vote (UPDATED)
No Raise Raises Ire Of NJ Transit Engineers On Brink Of Strike Vote (Updated) Having not received a raise since before the pandemic, the 500 engineers employed by NJ Transit may soon be walking a picket line. The Brotherhood of Locomotive Engineers and Trainmen have called for a strike authorization vote. The locomotive engineers have been without a new contract since Oct. 2019 and remain stuck in mediation.  "The absence of a pay raise during a period of high inflation has persisted for four years, which is too long," BLET National President Eddie Hall said. "Our members cannot continue working for subpar wages. They have had enough." Hall said with the except…
You're Making More Money But It Doesn't Feel Like It, Especially In Boston Metro Area You're Making More Money But It Doesn't Feel Like It, Especially In Boston Metro Area
You're Making More Money But It Doesn't Feel Like It, Especially In Boston Metro Area All Americans are feeling the effects of rising inflation rates, but people living in Boston, Cambridge, and Newton have the hardest time stretching a dollar, a new study by SmartAsset found.  The Boston metropolitan area requires the third-highest paycheck out of the 25 metropolitan cities including in the SmartAsset study, requiring an after-tax salary of $78,752 for a single person to live comfortably. This figure is considerably higher than the average after-tax salary needed to live comfortably in metro areas, which is calculated at $67,060.  A $100,000 salary is worth $84,498 in O…
NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes
NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes A Jersey Shore game operator was banned from business for 10 years and fined $15,500 for over-inflating basketballs and displaying prizes that couldn’t be won, state authorities said. Some basketballs at games owned by Christine Strothers on the boardwalks in Wildwood and North Wildwood packed up to three times the amount of required pounds per square inch of inflation, state Attorney General Matthew J. Platkin said. This, as most players know, can make a ball ricochet wildly off a backboard or rim, the attorney general noted. Strothers also broke New Jersey’s amusement games lic…
Customers Slam Lehigh Italian Restaurant Over Lack Of Transparency After Sudden Closure Customers Slam Lehigh Italian Restaurant Over Lack Of Transparency After Sudden Closure
Customers Slam Lehigh Italian Restaurant Over Lack Of Transparency After Sudden Closure The lights were off and the doors were locked at A Ca Mia when patrons showed up for their reservations over the weekend, they said. No phone call, no social media post. Nothing to let them know that one of their favorite Northampton County Italian restaurants was closing, they said. According to a report by WFMZ, the Lehigh Township restaurant had a sign on the front doors saying it was closed due to the effects of COVID and inflation as of Saturday, Jan. 28. The restaurant made a Facebook post on Jan. 12 saying only that its hours were changing. As of Saturday, Jan. 28, it had apparently…
'It Breaks My Heart': Owner Of CT Restaurant Announces Closure After 11 Years In Business 'It Breaks My Heart': Owner Of CT Restaurant Announces Closure After 11 Years In Business
'It Breaks My Heart': Owner Of CT Restaurant Announces Closure After 11 Years In Business A Connecticut restaurant is set to permanently close next month after more than a decade in business. Hartford County eatery Zingarella Ristorante and Pizzeria, located in the Southington neighborhood of Plantsville, is set to close at the end of the business day on Tuesday, Feb. 14, owner Mark Zommer announced on Thursday, Jan. 12. "We opened this restaurant the day before Thanksgiving, 2011, and it breaks my heart to have to say goodbye to this part of my life," he said. "It has been a memorable journey. The people I've met along the way and the relationships that have blossomed will…
Despite Rave Reviews, Father/Daughter New Rochelle Restaurant Struggling In 'Difficult Economy' Despite Rave Reviews, Father/Daughter New Rochelle Restaurant Struggling In 'Difficult Economy'
Despite Rave Reviews, Father/Daughter New Rochelle Restaurant Struggling In 'Difficult Economy' Although a Westchester County restaurant specializing in cheesesteaks has received much praise since opening, the owners say that they are still struggling because of inflation.  Earlier Report - Newly Opened Father/Daughter Westchester Restaurant Specializes In Cheesesteaks Crotty's Cheesesteaks, located in New Rochelle at 8 Eastchester Rd., was opened in January 2021 by father and daughter Joe Crotty and Lindsay Walsh. In addition to a wide variety of cheesesteaks with vegetarian & gluten-free options, the restaurant also serves salads and "delicious extras" such as fried pickles, ac…
Here's How Much Tappan Zee Bridge Toll Could Increase If NY Thruway Proposal Takes Effect Here's How Much Tappan Zee Bridge Toll Could Increase If NY Thruway Proposal Takes Effect
Here's How Much Tappan Zee Bridge Toll Could Increase If NY Thruway Proposal Takes Effect It could soon cost more to drive on the New York State Thruway, and that includes the Tappan Zee Bridge. The New York State Thruway Authority's (NYSTA) board of directors will meet Monday, Dec. 5, to consider a proposed toll hike that would begin in 2024, WIVB in Buffalo reports.  Tolls would increase by 5 percent for E-ZPass customers in 2024 and 5 percent again in 2027, according to the outlet.  Those with out-of-state E-ZPasses or who are paying by mail would pay 75 percent more than the tolls for New York E-ZPass holders. That’s up considerably compared to the current 15 percent dif…
Historic: House Democrats Elect NY Rep. As Leader, First Black Person To Head Party In Congress Historic: House Democrats Elect NY Rep. As Leader, First Black Person To Head Party In Congress
Historic: House Democrats Elect NY Rep. As Leader, First Black Person To Head Party In Congress History has been made after House Democrats elected New York Congressman Hakeem Jeffries as their leader, marking the first time a Black person will lead a party in either chamber of Congress. The move came in a closed-door meeting on Capitol Hill Wednesday morning, Nov. 30, CNN reports. Earlier Report: NY Congressman Seen As Favorite To Become Dems' Congressional Leader After Pelosi Departure Jeffries, the caucus chair who represents New York’s 8th Congressional District covering eastern Brooklyn and southwestern Queens, was unopposed in running for leader, the outlet reports. The 52-ye…
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…
32 Percent Of CT Households Report Skipping Necessities To Afford Energy Bill, Study Says 32 Percent Of CT Households Report Skipping Necessities To Afford Energy Bill, Study Says
32 Percent Of CT Households Report Skipping Necessities To Afford Energy Bill, Study Says A newly-released study has detailed the percentage of Connecticut households that reported skipping out on purchasing necessities such as food and medicine to afford their energy bills. LendingTree, an online loan marketplace, published a report on Monday, Oct. 31, saying 32 percent of Connecticut households reported forgoing or reducing buying necessities to pay an energy bill in the past 12 months amid inflation. The website reported that it used the United States Census Bureau Household Pulse Survey for the analysis. LendingTree also reported that 28.7 percent of households in Conn…
Tolls Going Up On Atlantic City Expressway Tolls Going Up On Atlantic City Expressway
Tolls Going Up On Atlantic City Expressway Tolls on the Atlantic City Expressway are going up next year, officials said on Thursday, Nov. 17. Starting Jan. 1, 2023, cash tolls on the 44-mile Expressway’s Egg Harbor and Route 50 toll plazas will increase from $4.40 to $4.55 for a passenger vehicle. Expressway tolls are going up by 3% from year to year, said Kimberly Testa, a spokeswoman with the South Jersey Transportation Authority. Tolls for the average Expressway trip will go from $2.44 to $2.53, Testa said. SJTA officials cited inflation and increased expenses as reasons for the toll increase. The new toll rates are lower…
'Incredibly Grateful': Republican Marc Molinaro Prevails In NY's 19th District Race 'Incredibly Grateful': Republican Marc Molinaro Prevails In NY's 19th District Race
'Incredibly Grateful': Republican Marc Molinaro Prevails In NY's 19th District Race In another win for Republicans, Marc Molinaro has prevailed over Democrat Josh Riley in New York’s 19th Congressional District, NBC News projects.  Molinaro, the Dutchess County executive, was leading Riley 51.1 to 48.9 percent with 99 percent of the vote counted as of Wednesday evening, Nov. 9. Earlier Report: Republican Marc Molinaro On Track To Win In NY’s 19th District (Developing) The 19th District includes the counties of Columbia, Delaware, Greene, Otsego, Schoharie, Sullivan, and Ulster, as well as portions of Broome, Dutchess, Montgomery, and Rensselaer counties. President Bide…
Rep. Pat Ryan Edging Out Republican Colin Schmitt In NY’s 18th District Race (Developing) Rep. Pat Ryan Edging Out Republican Colin Schmitt In NY’s 18th District Race (Developing)
Rep. Pat Ryan Edging Out Republican Colin Schmitt In NY’s 18th District Race (Developing) This story has been updated. New York Rep. Pat Ryan appeared likely to continue serving in Congress after results showed him leading Republican Assemblyman Colin Schmitt in the 18th District early Wednesday, Nov. 9.  Ryan, the former Ulster County executive, was leading Schmitt by just 0.84 percentage points, 50.42 to 49.58 percent, with more than 95 percent of the vote counted. Among the most closely watched in the state, the 18th District is located in the Hudson Valley and includes all of Orange and Putnam counties, as well as portions of southern Dutchess County and northeast…
Republican Marc Molinaro On Track To Win In NY’s 19th District (Developing) Republican Marc Molinaro On Track To Win In NY’s 19th District (Developing)
Republican Marc Molinaro On Track To Win In NY’s 19th District (Developing) This story has been updated. Republicans appeared poised to win in New York’s 19th Congressional District, with Marc Molinaro seemingly on track to defeat Democrat Josh Riley early Wednesday, Nov. 9.  Molinaro, the Dutchess County executive, was leading Riley by 2.2 percentage points, 51 to 49 percent, as of early Wednesday morning, Nov. 9, with more than 95 percent of the votes in. The 19th Congressional District includes the counties of Columbia, Delaware, Greene, Otsego, Schoharie, Sullivan, and Ulster, as well as portions of Broome, Dutchess, Montgomery, and Rensselaer counties. …
Hochul Elected To First Full Term As NY Governor, Defeats Trump-Backed Zeldin Hochul Elected To First Full Term As NY Governor, Defeats Trump-Backed Zeldin
Hochul Elected To First Full Term As NY Governor, Defeats Trump-Backed Zeldin This story has been updated. New York’s Democratic incumbent Gov. Kathy Hochul has been elected to her first full term in office, fending off her Republican challenger, Long Island Rep. Lee Zeldin, NBC News projects. Hochul is leading Zeldin, who represents the state’s 1st Congressional District covering much of Suffolk County, by five percentage points, 52.7 to 47.3 percent, as of 6 a.m. Wednesday, Nov. 9, with 93 percent of the vote counted. "I'm deeply honored to be elected Governor of the State of New York," Hochul posted on Twitter shortly after the race was called. BREAKING: I’m…
New Poll Shows How Hochul-Zeldin Race For Governor Looks As Election Day Gets Closer New Poll Shows How Hochul-Zeldin Race For Governor Looks As Election Day Gets Closer
New Poll Shows How Hochul-Zeldin Race For Governor Looks As Election Day Gets Closer With just over a week until New Yorkers choose their next governor, incumbent Democratic Gov. Kathy Hochul is maintaining her lead over Republican Rep. Lee Zeldin, new polling shows. Hochul garnered 50 percent support to Zeldin’s 44 percent in an Emerson College poll released Friday, Oct. 28. Earlier Report: New Poll Reveals Who NYers Favor In Governor's Race Based On Inflation, Crime, Abortion Four percent of respondents were undecided, while 2 percent said they plan to vote for someone else, pollsters said. Zeldin, who represents the state’s 1st Congressional District covering east…