U.S. Inflation In January Surged At Fastest Rate In 40 Years
A key inflation gauge, the Consumer Price Index, rose 7.5% from a year ago, the Labor Department reported Thursday — the largest increase since May of 1982.
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A key inflation gauge, the Consumer Price Index, rose 7.5% from a year ago, the Labor Department reported Thursday — the largest increase since May of 1982.
That means you'll likely be paying more for certain loans. CBS2's Jessica Moore has advice from the experts.
Many Americans are feeling the squeeze and sticker shock at the grocery store. We're all paying more for everyday items than we have in decades.
Gov. Kathy Hochul announced 40 new pop-up vaccine sites would open statewide.
After almost two years of being kept out, foreign travelers are now allowed back in the U.S., and here in New York they're being welcomed with open arms.
People looking for work after a tough 18-month stretch lined up at the recruitment event in Flushing.
Under the agreement, the company will receive $109 million in tax breaks over three years as it relocates to a new campus in Berkeley Heights.
In June, consumer prices accelerated at the fastest pace since 2008.
Pent up by COVID-19 lockdowns, a majority of Americans have indicated they will embark on a post-pandemic buying spree.
The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from stashing profits in low-rate countries.
Some Americans still do not have proper access to high-speed internet, which puts a strain on the economy and is leaving minorities and low-income families with an education deficit. President Biden's $3 trillion infrastructure plan could begin to tackle the issue, but there is still more to be done. CBS News political contributor and BluePrint Strategy founder Antjuan Seawright and Simmons University associate professor Colin Rhinesmith joined CBSN's Lana Zak to discuss.
It's back to business for Bar Dough in Hell's Kitchen, where 50% of its employees are now back to work after COVID-19 restrictions forced the restaurant to shut down in January for two months.
It's one of the busiest trade routes in the world, with ships carrying everything from crude oil, clothing, furniture, car parts and toilet paper.
The pandemic-fueled economic crisis has forced many people to face tough new realities. Some industries have barely survived, but others have found a way to thrive.
It's a holiday unlike any other. Millions of Americans struggling financially are worrying about their inability to give traditional tips to deserving service workers that they depend on.
The team is poised to take the helm of the federal government as the nation grapples with the economic fallout of the coronavirus pandemic.
Volunteers were giving away boxes of groceries to 500 families in Washington Heights. Many people waiting told CBS2 the food will help them stretch their unemployment checks.
Analysts said the country's latest jobs report was better than expected, but still cause for concern.
Employers added 1.8 million jobs last month, the Labor Department said Friday, meaning only about 40% of the country's jobs lost during the March and April shutdowns have been regained.
A number of struggling New Yorkers are adjusting to changing financial realities with rising unemployment and a worsening economy
De Blasio spoke about the $600 weekly unemployment benefit that is set to expire Friday, and criticized the Senate majority for blocking a stimulus bill that he believes is desperately needed.
The U.S. economy shrank at a record-breaking 32.9% rate in the second quarter of this year as Americans sheltered at home during the coronavirus pandemic, the Commerce Department said Thursday.
Treasury Secretary Steven Mnuchin announced Thursday that the White House and Senate Republicans have reached a "fundamental agreement" on their opening offer, CBS News reports.
The number of Americans seeking unemployment benefits rose for the first time since the pandemic hit in March.
Even with small businesses reopening in New York, some fear that they won't be able to stay open.
Jalen Brunson scored 35 points and the Knicks defeated the struggling Raptors 117-101 in the NBA Cup quarterfinals on Tuesday night.
One driver claims an E-ZPass representative made a mistake entering her plate information into the system, and now it is costing her thousands.
Emil Heineman scored the winning goal in the shootout and Bo Horvat scored twice in regulation as the Islanders beat the Golden Knights 5-4 on Tuesday.
Cody Glass scored the tiebreaking goal on a wrist shot with 7:36 remaining, and the Devils beat the Senators 4-3 on Tuesday night.
A Brooklyn man says his husband was detained by ICE at a routine green card interview at 26 Federal Plaza in November.
One driver claims an E-ZPass representative made a mistake entering her plate information into the system, and now it is costing her thousands.
A Brooklyn man says his husband was detained by ICE at a routine green card interview at 26 Federal Plaza in November.
A hearing is underway that will soon decide the fate of West Park Presbyterian, a 135-year-old landmark church on the Upper West Side.
A man has been charged with attempted murder in the shooting of New York Jets player Kris Boyd outside a New York City restaurant in November.
The Archdiocese of New York is taking steps to compensate hundreds of victims who allege they were sexually abused.
Authorities have released new details about the Dec. 2 standoff in Stamford, Connecticut, including video of officers inside an armored vehicle as it takes fire from the gunman and audio from a phone conversation between the gunman and a hostage negotiator.
Sunday's weather was calm and pleasantly chilly, but big changes are in store as we begin the new work week.
If you're heading out, brace yourself — it's the coldest day of the season so far.
CBS News New York has learned Jed Parkington, who died by suicide during a standoff with law enforcement on Tuesday, was fascinated with Nazi Germany.
"Driven Into Debt," CBS News New York's latest investigative series, has uncovered a simple truth -- unpaid tolls can quietly spiral into crushing debt.
The family of Mortimer Wortman IV, a Rutgers University student reported missing more than two weeks ago, continues to search for answers in his disappearance.
Three members of a family of four were killed in a crash on the New Jersey Turnpike, leaving their community heartbroken.
Three people are dead, including a minor, after a crash in East Windsor Township on the New Jersey Turnpike, state police said.
Sunday's weather was calm and pleasantly chilly, but big changes are in store as we begin the new work week.
Police in New Jersey are investigating a series of home break-ins with suspects allegedly targeting high-end cars.
Blakeman, the two-term Nassau County executive, formally launched his 2026 campaign for governor of New York early Tuesday morning.
Republican Nassau County Executive Bruce Blakeman is entering the 2026 New York governor's race, sources tell CBS News New York.
Sunday's weather was calm and pleasantly chilly, but big changes are in store as we begin the new work week.
A man is now in custody in Florida in connection to the 1997 murder of Tanya Denise Jackson on Long Island.
Nassau County Police charged Vito D'Ambrosio, of Seaford, with murdering his parents at A&A Italian Deli and Pizza in Bethpage.
A Brooklyn man says his husband was detained by ICE at a routine green card interview at 26 Federal Plaza in November.
President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
The Justice Department can release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidant of Jeffrey Epstein, a federal judge ruled.
Blakeman, the two-term Nassau County executive, formally launched his 2026 campaign for governor of New York early Tuesday morning.
A cancer survivor is among the residents at a NYCHA building on the Upper West Side of Manhattan concerned about dark smoke coming from a temporary boiler outside.
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
New York has no plans to change hepatitis B vaccine guidance after a Centers for Disease Control advisory panel voted to stop recommending a first dose for newborns.
In New York alone, there have already been more than 17,000 flu cases and nearly 1,000 hospitalizations, and doctors anticipate it's only going to get worse as more people gather for the holidays.
Colette Smith of the Bronx was diagnosed with lung cancer, despite never smoking. Her survival story is central to her push for early detection.
Some New Yorkers want the mayor-elect to appoint a new "rat czar" when he takes office after an uptick in rat sightings.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
The iconic Wythe Diner was physically moved Saturday from its location in Williamsburg to Steiner Studios in Brooklyn's Navy Yard.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Rapper Tekashi 6ix9ine has been sentenced to three more months in prison for violating his supervised release terms in a New York gang case.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Jalen Brunson scored 35 points and the Knicks defeated the struggling Raptors 117-101 in the NBA Cup quarterfinals on Tuesday night.
Emil Heineman scored the winning goal in the shootout and Bo Horvat scored twice in regulation as the Islanders beat the Golden Knights 5-4 on Tuesday.
Cody Glass scored the tiebreaking goal on a wrist shot with 7:36 remaining, and the Devils beat the Senators 4-3 on Tuesday night.
Edwin Díaz has agreed to a $69 million, three-year contract with the World Series champion Dodgers, The Associated Press reported Tuesday.
NBA star Terry Rozier was arrested in Orlando in October during a sweeping FBI crackdown in which 34 defendants were charged across two federal indictments.
Residents on East 57th Street say reckless drivers have caused life-altering injuries and even death, but despite petitions and years of advocacy, the city has yet to install a speed bump.
Neighbors in Brooklyn's Victorian Flatbush are expressing frustration after the city designated only part of their area as a historic district.
Brooklyn's Prospect Park is getting financing for a long-term project to battle the impacts of climate change, city leaders say.
The Brooklyn Conservatory of Music plans a 12,000-square-foot campus at One Prospect Park West, aiming to serve thousands more with music therapy and education programs.
Some residents at NYCHA's Eastchester Gardens in the Bronx say they've been shivering on and off all week.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
In total, about 91,000 pounds of food were donated for families in need. First baseman Ben Rice was there Tuesday helping out and spreading holiday joy. CBS News New York's Kristine Johnson reports.
CBS News New York's Lonnie Quinn says the models are currently in disagreement about how much snow the city could see Sunday, but even if it gets some it won't be much.
Some drivers claim they have no idea anything is wrong until the bill is suddenly in the thousands of dollars. Investigative reporter Mahsa Saeidi shows us how fast that can happen.
Huge flames and heavy smoke poured from the building, causing part of the roof to collapse onto the top floor. CBS News New York's Naveen Dhaliwal spoke with tenants who tried to help others escape.
CBS News New York's Ali Bauman has the latest on the accused United Healthcare CEO killer's day at an evidence suppression hearing in New York City.
