economy
Congestion toll takes effect, costing NYC commuters $9 to drive below 60th Street — as drivers rip plan and trash Hochul
January 5, 2025 | 12:00amMotorists heading into Lower and Midtown Manhattan are now forced to shell out a first-in-the-nation $9 congestion toll.
Joe Biden's fiscal time bomb is set to explode just in time time for Trump to take office
January 4, 2025 | 10:14pmAs evidence keeps building that the hapless Biden administration couldn’t end fast enough, there’s also evidence that the first Trump presidency of strong growth and low inflation pre-COVID won’t return...
US egg production drops as prices continue to rise along with bird flu cases
January 1, 2025 | 11:53amEgg production in the U.S. dropped 4% in November as the price of eggs and cases of bird flu continue to rise across the country, according to the United States Department...
The dam is about to break as US credit card loan defaults soar: experts
December 31, 2024 | 12:53pmDuring the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to a report.
Dow, stocks fall on final trading day of 2024, capping banner year fueled by Trump, AI and Fed cuts
December 31, 2024 | 11:15amAll three major indexes finished with their second consecutive year of gains.
Dow tumbles over 300 points as year-end Santa Claus rally fails to ignite
December 27, 2024 | 1:03pmThe sell-off thwarted the seasonal Santa Claus rally, in which stocks traditionally rise during the last five sessions of December and the first two of January.
Holiday sales jump more than expected as retailers slash prices
December 26, 2024 | 11:54amHeading into the holiday season, many US retailers described their consumers as "selective," "cautious" and "conservative," and making "needs-based" purchases.
Unemployed workers having trouble finding a job, latest claims data suggest
December 26, 2024 | 11:26amContinuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million for the week of Dec. 14. That’s more than analysts projected and the most...
Elon Musk shoots down 'wrong-headed economic thinking,' says there's 'infinite potential' for job creation
December 25, 2024 | 4:51pmElon Musk shoots down 'wrong-headed economic thinking,' says there's 'infinite potential' for job creation.
Dow soars 500 points as investors welcome surprising inflation data
December 20, 2024 | 12:11pmThe Dow Jones Industrial Average had jumped more than 700 points in intraday trading.
Gen Z is suffering a 'midlife crisis' — amid 'vicious cycle' of overspending and job stress: study
December 19, 2024 | 1:15pm“For many, the biggest factor contributing to this crisis is money,” said the insiders, who surveyed 2,000 US adults over age 18.
Dow ekes out small gain to break 10-day losing streak
December 19, 2024 | 12:03pmData showed the US economy grew faster than previously estimated in the third quarter, while weekly jobless claims fell more than expected last week.
Home sales rise at fastest pace since March — but market set for worst year since 1995
December 19, 2024 | 11:59amElevated mortgage rates and high prices have kept homeownership out of reach for many prospective buyers.
Beware the ‘fiscal cliff’, Don’s much-improved ‘second honeymoon’ and other commentary
December 18, 2024 | 5:56pmThe Post Editorial Board sounds off on the "fiscal cliff", Trump's "second honeymoon", and more.
Fed slashes rates but signals slower pace of cuts in 2025 -- Dow plunges more than 1,100 points
December 18, 2024 | 2:12pmUS central bankers slashed interest rates by a quarter percentage point.
Wholesale inflation comes in hotter than expected as food prices surge before Fed rate decision
December 12, 2024 | 11:54amMeasured from 12 months earlier, wholesale prices climbed 3% in November, the sharpest year-over-year rise since February 2023.
Biden's teleprompter short-circuits in speech taking credit for lackluster rural high-speed internet, 'fairly strong' economy: 'I lost electricity'
December 10, 2024 | 4:16pmPresident Biden's teleprompter apparently short-circuited Tuesday during one of his final speeches touting his economic record -- which included an abortive effort to massively expand rural high-speed internet -- forcing...
Gas prices fall below $3 a gallon for first time since 2021 — and more good news on way for drivers
December 9, 2024 | 2:17pmThe average retail price in Oklahoma was the lowest in the country, at $2.42 per gallon. Hawaii had the highest average prices, at $4.48 a gallon.
Trump says he won't try to replace Fed Chair Jerome Powell despite past feuds
December 8, 2024 | 11:55am"I think if I told him to [go], he would. But if I asked him to, he probably wouldn't," Trump told Kristen Welker.
Employers add 227K jobs in November in massive rebound from last month
December 6, 2024 | 9:44amEconomists polled by FactSet had expected payrolls to expand by around 200,000, a drop from September's revised 223,000 but far above last month's 12,000.