New York to implement congestion pricing at lower rate

New York Gov. Kathy Hochul (D) will revive plans for the nation’s first traffic congestion pricing plan in New York City at a reduced rate after delaying the controversial plan earlier this year. ...

Politics - The Hill - 8 hours ago

New York to Revive Congestion Pricing With $9 Toll

Gov. Kathy Hochul is expected to announce the revised program on Thursday with the aim of putting it in place before Donald Trump takes office.

Top stories - The New York Times - Yesterday

Congestion Pricing Will Help New York Democrats Show They Can Govern

But time is running out to do it before Trump becomes president.

Top stories - The New York Times - 5 days ago

New York City revives congestion pricing plan to end gridlock

New York Gov. Kathy Hochul OK'd a first-in-the-nation congestion pricing plan that would charge $9 to most vehicles entering Manhattan during peak hours.

New York Joins a Global City Club, With a Deal on Congestion Pricing

The city will be the first in the U.S. to adopt a fee on driving in certain areas, with the aim of reducing traffic and pollution. For some other cities, that has long been the norm.

World - The New York Times - 8 hours ago

New York City to start congestion pricing in January at $9, Gov. Kathy Hochul announces

New York Gov. Kathy Hochul announced Thursday that congestion pricing will come to New York City in January, charging most drivers $9 to enter Manhattan's Congestion Relief Zone below 60th Street.

Hochul Brings Back NYC Congestion Pricing Plan at $9 Rate Instead of $15

The governor is renewing plans to start the tolling program, but at discounted rates. Ms. Hochul said it will generate $15 billion for mass transit.

Top stories - The New York Times - 2 hours ago

Congestion pricing plan opposed by Trump returns with new reduced tolls

New York Gov. Kathy Hochul is reviving New York City’s congestion pricing with a new plan that lowers the cost to vehicles traveling through Manhattan below 60th Street.

Will NYC Revive Congestion Pricing After Trump’s Victory?

Gov. Kathy Hochul, facing pressure from supporters of the contentious tolling plan, is said to be exploring options for adopting it in some form.

Top stories - The New York Times - 6 days ago

What to Know About NYC’s Congestion Pricing Plan

Gov. Kathy Hochul is fast-tracking new tolls to enter Midtown and Lower Manhattan. Drivers could be charged beginning in January.

Top stories - The New York Times - 4 hours ago

ECB lowers rates to 3.25% as inflation slows

Christine Lagarde says Eurozone’s central bankers are close to ‘breaking the neck’ of soaring price pressures

Business - Financial Times - October 17

New-home sales jump to highest level since May 2023, as lower mortgage rates drew buyers in

New-home sales surged in September, as home buyers seized on lower mortgage rates.

Business - MarketWatch - October 24

US central bank lowers interest rates by quarter point as new Trump term looms

Rates are now at 4.5% to 4.75%, after two reductions by the Federal Reserve starting in September. The US Federal Reserve lowered interest rates by a quarter point on Thursday, knocking them ...

World - The Guardian - November 7

England’s universities regulator warns of worsening financial outlook

‘Bold’ action required to stop higher education institutions falling into insolvency, says Office for Students

World - Financial Times - 4 hours ago

Money Market Rates Are Lower, Yes. But Compared to What?

Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still flocking to them, our columnist says.

Business - The New York Times - October 18

Federal Reserve lowers rates by a quarter point

The Federal Reserve announced it is lowering the interest rate by a quarter point. NBC News’ Christine Romans explains what this means for the progress of inflation.

Powell says Fed in no ‘hurry’ to lower interest rates further

Central bank chair warns path to a reduction in inflation will be ‘bumpy’

Business - Financial Times - 6 hours ago

Air Liquide Revenue Hit by Lower Energy Prices

Air Liquide reported a drop in revenue for the third quarter and missed analysts’ expectations due to lower energy prices and negative currency effects.

Business - The Wall Street Journal - October 23

Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates

Fed rate cuts and lending rates do not always experience like-to-like movement. Here’s a quick look at rates, and what to expect moving forward.

Business - Inc. - October 30

Weight-loss drugs could be key in lowering US obesity rates – experts

Medications like Ozempic ‘transformed’ diabetes care because they improved health outcomes, say experts. Obesity rates have decreased slightly in the US and while it’s too early to say whether the ...

World - The Guardian - October 18

China cuts benchmark lending rates by 25 basis points

The move was expected. China's central bank governor indicated last week that the loan prime rates would be lowered.

Business - CNBC - October 21

2 States to Vote on Lower Minimum Wage Rate for Tipped Workers

Massachusetts and Arizona plan ballot measures that could eliminate the subminimum wage paid to many workers in the restaurant and hospitality industries.

Business - Inc. - October 21

Credit card interest rates are surging: How to lower yours now

The average card rate now surpasses 23%, a record high. Luckily, there are rate-reducing strategies that can help.

Rival creditor group offers Thames Water emergency loan at lower rate

The UK’s largest water and sewerage provider is struggling with a £19bn debt load

Business - Financial Times - October 31

The Federal Reserve lowers interest rates by 0.25 percentage points

The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.

Will you have a lower tax rate in retirement? Maybe not, financial advisors say

Most people will have a lower tax rate when they retire, but others won't due to factors like large required 401(k) and IRA withdrawals, advisors said.

Business - CNBC - November 7

Trump has promised lower interest rates. That will be largely out of his control.

While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a range of factors largely outside of the president’s control.

Politics - NBC News - 3 days ago

CSX stock sees biggest drop in 3 years after railroad warns of hurricane impact, discloses SEC subpoena

Shares of CSX Corp. booked their biggest percentage drop in more than three years after the railroad operator on Wednesday said the fourth quarter would be “more challenging” in the wake of falling ...

Business - MarketWatch - October 17

Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes

The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.

Business - The Wall Street Journal - October 24

Oil prices end lower on progress toward Israel-Hamas cease-fire talks

Oil futures finished lower on Thursday, after comments from U.S. Secretary of State Antony Blinken suggesting progress toward Israel-Hamas cease-fire negotiations eased the risk of disruptions to ...

Business - MarketWatch - October 24

Opera Philadelphia brings opera to first-time viewers by lowering ticket prices

Opera Philadelphia is lowering ticket prices to make opera more relevant and accessible. The move is drawing in some first-time audiences and boosting revenue. Scott MacFarlane goes backstage to ...

Exxon and Chevron suffer profit falls on lower oil prices

Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023

Business - Financial Times - November 1

Oil prices end higher as traders weigh potential Trump policies

Oil futures finished higher on Thursday, recouping their losses from a day earlier and then some, as traders continued to tackle uncertainty surrounding incoming U.S. President Donald Trump’s ...

Business - MarketWatch - November 7

Dada Nexus price target lowered to $4 from $4.50 at Mizuho

World - Yahoo News - Yesterday

Here's how interest rates impact gold prices

When interest rates drop, gold prices often rise — but there are also other factors at play.

A Very New York Party for New York Nico

At Astor Place Hairstylists, an old-school barbershop, small-business owners feted a social media star who spotlights the city’s gritty character.

Lifestyle - The New York Times - October 25

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