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Latest Economy News

Comptroller reports Wall Street profits are up

Posted by Karen DeWitt on

Wall Street profits are up by one third over the same period last year, says the New York State Comptroller. Comptroller Tom DiNapoli says the gain of $12.3 billion dollars is good news for New Yorkers with retirement accounts invested in the market, as well as the state’s pension fund.

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New York faces a budget deficit

Posted by Karen DeWitt on

New York could be facing its first major shortfall in several years, partly due to falling tax collections and federal health care and other policy changes. That could leave the state with billions of fewer dollars in state aid.

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Trump's tax plan could disrupt NY's taxation system

Last Updated by Karen DeWitt on

New York’s Democratic lawmakers are vowing to fight President Trump’s tax overhaul proposal, perhaps even in court. Meanwhile, a think tank’s analysis finds some middle-class New Yorkers could actually save a small amount of money under the income tax portion of the plan.

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After Equifax, New York takes steps to protect consumers against future data hacks

Last Updated by Karen DeWitt on

In light of the recent massive data breach at the credit reporting company Equifax, Governor Cuomo’s administration is taking steps to make sure that in the future, the credit agencies have better cybersecurity in place.

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State's pension fund up, but Comptroller says warning signs on the horizon for New York finances

Last Updated by Karen DeWitt on

There’s some good news and some bad news from the State Comptrollers’ office. The state’s nearly $200 billion dollar pension fund is doing well, thanks in part to the booming stock market, but there are some worrisome signs for the future of New York’s finances.

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Closer look: Ridesharing comes to New York

Last Updated by Matt Ryan on

A deep dive into what it means for consumers.

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President Trump's tax proposal could spell a tax increase for some New Yorkers

Posted by Karen DeWitt on

President Trump’s plan is so far just a one page outline, but it’s already raising some red flags for New York’s political leaders.

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Last-minute budget negotiating in Albany

Last Updated by Matt Ryan on

Former Cuomo aide Malatras joins us.

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Indian Point closing worries local community

Last Updated by Matt Ryan on

Plant set to shut down by 2021.

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Conference of Mayors against consolidation plan

Last Updated by Matt Ryan on

Call for increase in municipal aid.

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