Economics

New York Governor Kathy Hochul announced Wednesday she is indefinitely delaying the implementation of congestion pricing in New York City’s borough of Manhattan just weeks before the plan was set to take effect, dealing a major blow to transportation advocates who have spent decades pushing for the deal and a win for several opponents of the plan who say the toll is a regressive tax on commuters.

To calculate "how much house can I afford," one rule of thumb is the 28/36 rule, which states that you shouldn't spend more than 28% of your gross monthly income on home-related costs and 36% on total debts, including your mortgage, credit cards and other loans like auto and student loans.

Thinking about how much house can I afford? Based on your annual income & monthly debts, learn how much mortgage you can afford by using our home affordability calculator.

How power, technology, and opportunity have come together to gouge consumers

Who's winning the battle for eyeballs?  Answer: Streaming has recently surpassed cable, with 38.4% of total TV consumption vs. 29.1% for cable Questions: When it comes to consuming TV, which method do you use most? Why?  Why do you think that streaming recently surpassed cable?  How many streaming services do you think are useful?  Do you think recent price increases from streaming services or their move to ad-supported models will impact their popularity? Why or why not?    Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Inflation may have slowed last year, but it continued to deal heavy blows — some devastating — on Americans’ livelihoods: Nearly two-thirds of US households were worse off because of it, and roughly 1 in 6 adults couldn’t pay all their monthly bills, new Federal Reserve data shows.

If high inflation hurts just about everyone, why can’t we have no inflation?This video is presented by DCU. DCU doesn’t have a say in our editorial decisions...

The audio purveyor is raising prices again.

Zero-down mortgages are making a comeback.

When it comes to income, there is no magic number.

An Equestrian Kid Rock Fan, An Idealistic Cheesehead and an Aspiring Comic Emerge

More and more musicians are saying “The show must go on” doesn’t apply to them.

40% of US need for lithium could be covered by Pennsylvania's fracking byproduct.

Why now? Every retailer wants to be seen as the ‘one’ that finally lowered prices.

As they upgrade to fiber-optic cable, telecommunications companies could recover as much as 800,000 metric tons of copper over the next decade.

Apple's smartphone shipments in China rose 52% in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government.

“Taxing profits is tantamount to taxing success in best serving the public.”

The gulf between what Michiganders believe to be true and what is actually true is widening to a point that it is “undermining what we once took as a shared belief in democracy.” That’s one of the conclusions of a poll released by the Detroit Regional Chamber of Commerce to coincide with this week’s Mackinac […]

The initiative follows several recent moves by the retailer to appeal to value and price-sensitive consumers.

The Justice Department has sued Ticketmaster and its parent company, accusing them of running an illegal monopoly over live events in America.

No, you’re not imagining things. Here’s why every summer dress you find is so expensive (or Shein cheap).

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A Business Insider analysis finds varying income levels between states that qualify as middle class, lower class, and upper class.

Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing. Gov. Brian Kemp on Tuesday vetoed a bill to pause for two years a sales tax exemption the state gives for building and equipping computer data centers.

Technological innovation is driving record demand despite power constraints.

The poll asked about whether the use of force, threats or violence is justified in a democracy, and 35% of poll respondents said they believe it is.

Trying to dominate the market isn’t an example of anti-competitive behavior. It’s what real competition consists of.

The suit alleges that Live Nation threatened to retaliate against venues that didn’t use its ticketing service.

The Justice Department and several states are expected to file a lawsuit as soon as Thursday against Live Nation Inc, citing alleged antitrust violations at least in part due to the market dominance of the company’s Ticketmaster unit, a person briefed on the planned legal action said.