WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 each weekday. This financial wrap delivers highlights of the day's business news delivered by WNYC's reporters with context, clarity and a New York perspective.
New York City has run up some very high bills for information technology services. The Bloomberg administration now says the answer to cost overruns is to rely more on city workers.
Goldman Sachs CEO Lloyd Blankfein took the stand today in the insider trading trial of hedge fund billionaire Raj Rajaratnam.
As Japan continues to try and get control of that leaking nuclear reactor, clean up efforts elsewhere are underway. As the dust settles, just how much damage did the two natural disasters wreck on Japan and the world economy.
Wall Street loves a merger. But it's not always good news for consumers. We'll talk about what AT&T's proposed acquisition of T-Mobile could mean for all of us.
This week, developer Forest City Ratner indicated that it could put the world's tallest pre-fab building in the heart of Brooklyn. We'll talk about the changing shape of the Atlantic Yards project.
The on-going nuclear crisis in Japan continued to push markets down in the U.S. Stocks opened lower and then dropped even further. At the end of the day, the Dow Jones lost 242 points to close at 11,613.
There's more economic fallout from the ongoing nuclear disaster in Japan. We'll talk about how that might change the demand for nuclear energy here at home.
The massive 8.9 earthquake off the coast of Japan and the tsunami that followed have killed hundreds of people and disrupted businesses across the nation.
St. Vincent's Hospital will re-open a medical facility, while selling most of the property for apartments.
The jobless rate in New York State and New York City increased in January, even as jobs were created. We'll talk about the latest jobs numbers.
Jury selection began today in the biggest insider trading case in U.S. history. We'll talk about hedge funds under the microscope.
Two years ago, the stock market fell to its lowest point in the financial crisis. Now it's like those bad old days on Wall Street never happened. We'll talk about where the markets have been and where they're going.
The nation posts its best monthly jobs report in many months, but there's still a long way to go to recovery.
Federal Reserve Chairman Ben Bernanke is concerned about the fiscal problems troubling many states.
When the popular band LCD Soundsystem announced its last show ever at Madison Square Garden, fans rushed to buy tickets, but found they couldn't get any. We'll talk about the opaque world of New York City concert ticket sales.
If you've booked a plane trip in recent weeks, you might have noticed prices are a bit high. In fact, according to FareCompare.com, the major airlines have already tried to raise prices five times in the first two months of this year.
The nation's automakers release their sales figures for the month of February Tuesday. By some estimates, sales were up around 20 percent from a year ago.
Lower Government Spending Slows Economic Growth
Reduced spending by state and local governments meant the U.S. economy grew at a slower pace in the final months of 2010 than originally calculated. The Commerce Department said fourth-quarter GDP expanded at an annual rate of 2.8 percent, not 3.2 percent as first estimated. The revised report also found that consumers spent less than previously thought.
The on-going crisis in Libya and in parts of the Middle East continues to send oil prices higher.
At one point Wednesday, oil was trading at more than $100 a barrel, the first time since October of 2008. At the end of the day, the price settled at just over $98.