Queens trails New York City's other boroughs when it comes to the recovery in the housing market, according to new city data compiled by New York University's Furman Center for Real Estate and Urban Policy.
With Thanksgiving weekend marking the traditional start to the holiday shopping season, retailers are offering big discounts to draw in shoppers. But many New Yorkers say they're opting out of Black Friday, preferring to shop closer to the December holidays and online.
Government statistics confirm what New Yorkers have always said: it costs a lot more to live in New York City than anywhere else.
Wall Street is on track to earn more than $19 billion in profits, making 2010 the industry's fourth most profitable year in 30 years.
Overall home lending fell last year in New York City, but not for low and moderate income buyers, according to a new report by New York University's Furman Center for Real Estate and Urban Policy.
Since the financial crisis hit in September 2008, the city has added a record 9,200 hotel rooms, 10 percent of total supply. Experts say before the financial crisis, Manhattan hotels turned customers away because there was so much demand. Now, there are lower rates and less demand.
Consumer debt continued to fall in the third quarter, but at a slower pace than previous quarters.
Now that the election is over, congressional Republicans are vowing to repeal President Barack Obama's health care overhaul. But administration officials are defending the benefits of the law.
An industry of data collectors and data interpreters that has emerged around elections and the millions of dollars of business they generate every year. Politicians want this information because they're trying to figure out who you are and how you view the world, so they can do a better job winning you over.
Prudential Douglas Elliman reports that in Brooklyn, a typical home sold for $485,504 from July to September, up 2 percent from the same period a year ago. But in Queens, the median price slipped 2 percent to $355,000.
Former State Comptroller Alan Hevesi plead guilty today for accepting nearly $1 million in gifts and campaign contributions from a money manager who landed hundreds of millions of dollars worth of business from the state’s giant pension fund. Hevesi’s guilty plea marks the seventh in an ongoing investigation by Attorney General Andrew Cuomo into a “pay-to-play” scheme at the pension fund.
The tide may be turning in Manhattan's rental market.
Billionaire investor George Soros, who has contributed generously to Democratic campaigns, weighed into the political debate of Bush-era tax cuts, saying President Obama should let them expire.
William Dudley, the president of the Federal Reserve Bank of New York, called the current outlook on jobs and inflation "unacceptable" today and said the U.S. Federal Reserve will almost certainly offer more support to the U.S. economy in the future.
New York newspapers began reporting Tuesday that former state comptroller Alan Hevesi was going to plead guilty to a felony corruption charge. State Attorney General Andrew Cuomo, who is the Democratic candidate for governor, has refused to comment on the case, even though it is his office who has been investigating Hevesi.
The man who built Barnes & Noble into the country's largest bookstore chain won his fight for control of the company -- at least for now.
Two years after filing for bankruptcy, Lehman Brothers is a shadow of what it once was, but it's still got employees and office space.
More than 5,000 riders in Brooklyn and Queens who lost bus service this past summer due to MTA cuts will now be able to ride private vans along their old routes.
While the economy flailed this summer, gold prices hit a record high. WNYC reporter Lisa Chow has been reporting on the growing trend of gold investments and talks about who is investing in gold and why.
When the economic crisis hit, Adam Gold decided to buy a gun, stockpile a year's supply of food and invest in gold. So far, at least one of those investments has paid off.