How is NYC addressing its housing crisis?
For the first time in more than 50 years, the city's vacancy rate has dropped to 1.4% So how did we get here, and what's being done about it?
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For the first time in more than 50 years, the city's vacancy rate has dropped to 1.4% So how did we get here, and what's being done about it?
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
CBS News Business Analyst Jill Schlesinger joins us to explain what it means for your wallet.
Consumers often hear a car loses its value once you drive it off the lot, but that may not be the case anymore.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Overall, the numbers show slight progress year-over-year, but holiday shoppers are still feeling the pinch. CBS New York's Jill Schlesinger is here with more.
Many feel worse off than their parents' generation as income isn't keeping up.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
CBS News Business Analyst Jill Schlesinger gives us a sense of where things stand and what's ahead in this so-called last mile.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
CBS News' Business Analyst Jill Schlesinger joins us to explain why economists were wrong when they thought we were heading for a recession.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
CBS News Business Analyst Jill Schlesinger joins us to break down the results.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Inflation has come down dramatically since peaking last summer, so where did things stand in July?
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
We sit down with CBS News Business Analyst Jill Schlesinger to discuss the impact on consumers.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
As reporter Danya Bacchus tells us, many items are higher again this year, but some staples are actually down.
Many items are even more expensive this year, while some staples are actually cheaper, CBS New York's Danya Bacchus reports.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
Inflation has been slowing down in recent months, did that trend continue in May? We ask CBS News Business Analyst Jill Schlesinger to find out.
As the Trump administration says it's winning the war with Iran, Tehran hits 3 ships near the Strait of Hormuz, and Dubai airport, and warns banks are next.
First responders are at the scene of a fire in Sunset Park, Brooklyn early Wednesday morning after flames erupted at an industrial building overnight.
One person was killed and at least 10 others were injured in a chain-reaction crash involving an FDNY truck and three other vehicles in Brooklyn on Tuesday night.
Mathew Barzal scored in overtime to cap the Islanders' rally from a three-goal deficit for a 4-3 win over the Blues on Tuesday night.
Jalen Duren scored 26 points, Cade Cunningham had 21 points and 15 assists, and the Pistons hammered the Nets 138-100 on Tuesday night.
One person was killed and at least 10 others were injured in a chain-reaction crash involving an FDNY truck and three other vehicles in Brooklyn on Tuesday night.
New York City's minimum wage could climb to $30 per hour in the coming years. The proposal in the City Council stands to benefit of a lot of people, but there has also been significant pushback.
The Albany budget battle that could test whether New York City Mayor Zohran Mamdani has to raise property taxes began Tuesday with the state Senate and Assembly unveiling their initial wish lists.
A Brooklyn man is facing multiple charges for allegedly pushing two people onto subway tracks on the Upper East Side Sunday.
The Jets are set to acquire quarterback Geno Smith and a seventh-round draft pick from the Raiders.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
Periods of rain will move through the New York area Thursday, but spring temperatures are on the way for the weekend.
Snow and rain will make for messy morning and evening commutes for New Yorkers on Tuesday. It's a First Alert Weather Day.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Another round of snow is impacting the Tri-State Area Wednesday, just after a major blizzard dumped more than 2 feet of snow in some parts of New York and New Jersey.
New Jersey Gov. Mikie Sherrill, on the job for a little over a month, called for major cuts during her first budget address Tuesday.
The Jets are set to acquire quarterback Geno Smith and a seventh-round draft pick from the Raiders.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
While the money promised by Gov. Mikie Sherrill will help Phillipsburg make sinkhole repairs, it won't be enough to get everyone back in their homes.
The suspect allegedly used Google Translate to threaten to shoot a cashier at Mi Rinconcito Ecuatoriano in Newark.
A Long Island mother accused of driving while impaired in a 2024 wrong-way crash that killed her son 9-year-old son on the Southern State Parkway has been found not competent to stand trial, the Suffolk County DA's office confirmed Tuesday.
A three-alarm fire was reported Tuesday morning at West Side Elementary School in Laurel Hollow on Long Island.
Data shows a massive increase in pump-and-dump schemes over the last year. Two traders from New York say it cost them tens of thousands of dollars.
Virtual reality is helping some veterans on Long Island travel the world again without leaving their nursing home.
Many of these Long Islanders believe their section of New York's shoreline is shrinking because of the brutal winter.
New York City's minimum wage could climb to $30 per hour in the coming years. The proposal in the City Council stands to benefit of a lot of people, but there has also been significant pushback.
New Jersey Gov. Mikie Sherrill, on the job for a little over a month, called for major cuts during her first budget address Tuesday.
The Albany budget battle that could test whether New York City Mayor Zohran Mamdani has to raise property taxes began Tuesday with the state Senate and Assembly unveiling their initial wish lists.
Carl Schurz Park near Gracie Mansion was evacuated Tuesday as police investigated a suspicious package. It comes after two teens were arrested for an attempted "an act of ISIS-inspired terrorism."
More than 1,000 new seats for New York City's 3-K program were announced Tuesday by Mayor Zohran Mamdani.
A new study shows toxic forever chemicals known as PFAS may be entering the food chain on Long Island through contaminated soil, water and air.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Failed contract agreements between Mount Sinai and Anthem have caused thousands of New York patients to lose in-network care.
New York Attorney General Letitia James' office has ordered NYU Langone Health to resume its Transgender Youth Health Program.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Actress Daryl Hannah explains why the depiction of herself in the FX miniseries "Love Story" is unacceptable in an op-ed in Friday's New York Times.
Justin Timberlake is suing Sag Harbor to prevent the release of bodycam video of his 2024 arrest for driving while intoxicated on Long Island.
Brian Anthony Moreland is a Tony Award-nominated producer who has worked on numerous hit shows and joins a short list of Black producers working on Broadway.
Pokémon fans across New York City waited in live for special events marking the franchise's 30th anniversary.
Mathew Barzal scored in overtime to cap the Islanders' rally from a three-goal deficit for a 4-3 win over the Blues on Tuesday night.
Jalen Duren scored 26 points, Cade Cunningham had 21 points and 15 assists, and the Pistons hammered the Nets 138-100 on Tuesday night.
Alexis Lafreniere got his second career hat trick and Jonathan Quick stopped 21 shots as the Rangers defeated the Flames 4-0 on Tuesday night.
The Jets are set to acquire quarterback Geno Smith and a seventh-round draft pick from the Raiders.
Mika Zibanejad had two goals and an assist, and the New York Rangers scored on three power plays in a 6-2 win over the Philadelphia Flyers on Monday night.
Neighbors and local businesses in Long Island City, Queens, say rental trucks parked on streets are impacting daily operations.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
Manhattan historians recently discovered a link to the Underground Railroad at the Merchant's House Museum.
The National Dance Institute in Harlem hosts a special camp twice a year to bring together dancers with and without special needs for a dance camp, proving anyone can take center stage.
Could New York City's harsh winter weather end up curbing the number of rats? Here's why experts are saying don't count on it.
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.
The third of New York City mayor Zohran Mamdani's rental ripoff hearings is taking place at 5:30 p.m. Wednesday near Fordham University.
Police are looking for a suspect after an argument between two vendors in Central Park turned violent.
The United States is now targeting Iranian mine-laying ships while Iran is hitting Israel and U.S. targets in neighboring countries with a new barrage of missile and drone strikes. CBS News New York's Aziza Shuler reports.
The Declaration of Dependence was signed by a group of New Yorkers who pledged loyalty to the crown. CBS News New York's Mary Calvi shows us the petition, housed in New York.
A chain-reaction crash in Brooklyn Tuesday left one dead and at least 10 people hurt. CBS News New York's Christina Fan reports.
