These Long Island restaurants are slashing prices to boost business amid inflation
While many Long Island restaurants struggle with high menu prices, spots like Tony’s Tacos and Lucharitos are finding success by slashing prices and boosting volume, with experts suggesting that price cuts may be key to small business survival.
Historic 1652 coin found in furniture sells for $2.5M at California auction
A rare 1652 silver coin, about the size of a nickel, sold for $2.5 million at a California auction, breaking the previous record for a pre-Revolution American coin.
Target quarterly results fall as holiday discounts and dockworker strike hit profits
Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
Most expensive US cities to raise kids in 2024 revealed
On average, a household with one child experiences a 40% increase in annual living costs, while having two children raises costs by a substantial 70%, the study found.
DOGE reportedly considers mobile tax-filing app to simplify US tax process
The Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, may develop a mobile app for filing taxes, aiming to simplify the tax process for Americans.
Trump's Treasury secretary pick: Who are the contenders?
President-elect Trump is reviewing candidates for the Treasury secretary role, with the list of contenders getting broader after Elon Musk offered an endorsement and shook up the race.
MTA to vote on new congestion pricing tolling
The MTA Board is expected to vote on congestion pricing. FOX 5 NY's Hayley Fixler has the details.
How will NYC congestion pricing affect restaurants?
Businesses are worried that they’ll feel the negative impact of NYC congestion pricing, from the extra cost of deliveries to drivers being more reluctant to trek to Manhattan. FOX 5 NY’s Stephanie Bertini talks to restaurant owners in Hell’s Kitchen about their concerns.
Meatpacking company illegally hired minors in MN, fined $2 million
A meatpacking company with operations in St. James has been fined $2 million after an inspection found it was illegally employing underage workers that were also dealing with hazardous materials and operating machinery.
Where was inflation the highest in October? Northeast and Midwest cities near the top
The Labor Department released a new report on inflation that examined price growth in various cities and metropolitan areas in the U.S. which reflected a higher rate of inflation in the Northeast and Midwest.
Social Security Fairness Act: Bill to raise benefits for some passes House
A Social Security-related bill with bipartisan support would expand benefits for workers who are also eligible for other pensions.
Long Island residents brace for higher electric bills with LIPA rate hike
Long Island residents should brace for yet another increase in their electric bills as the Long Island Power Authority plans a 3.9% rate hike for 2025, adding roughly $7 to monthly bills.
Holiday shopping season brings surge in online scams
It’s that time of year when you’re probably starting to think about holiday shopping and while more people are busy scouring the internet, it also means more opportunities for scammers to try and take advantage of you. FOX 5 NY’s Teresa Priolo takes a look at the holiday scams making the rounds before the holidays.
LIPA to raise electric bills by $7 a month in 2025
Long Island residents should brace for yet another increase in their electric bills as the Long Island Power Authority plans a 3.9% rate hike for 2025, adding roughly $7 to monthly bills. FOX 5's Jodi Goldberg has the story.
Spirit prepares for bankruptcy filing after failed Frontier talks: report
Spirit Airlines is reportedly planning to file for Chapter 11 bankruptcy protection after its latest attempt to merge with Frontier Airlines fell through.
US inflation may have increased in October: Here's what's rising in price, and what's leveling off
A rise in prices could make the Federal Reserve less likely to cut its key interest rate in the coming months. But most economists believe inflation will continue its slowdown.
Turkey prices drop for Thanksgiving 2024
This Thanksgiving, hosting dinner might be a little easier on your wallet. Turkey prices have dropped 12% compared to last year, along with savings on popular sides like cranberries and potatoes. FOX 5's Jodi Goldberg has the story.
Medicare premiums increasing in 2025: Here's how much
Medicare’s premium increase for Part B in 2025 outpaces both inflation and the Social Security cost-of-living adjustment (COLA).
Federal Reserve cuts its key interest rate by a quarter-point on heels of election
The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.
Inflation may be coming down but that doesn't mean prices will, expert explains
Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.