Finance
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Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Prize in Economics for their research on the institutional foundations of national wealth and poverty. Their work focuses on how the institutions established in former European colonies continue to shape economic outcomes today. The researchers found that colonies with inclusive, democratic institutions, often […]
The Mayor’s Office of Financial Empowerment, in partnership with the New York State Comptroller’s Office and the New York State Society of Certified Public Accountants will conduct free financial wellness workshop from noon to 4 p.m., Saturday, Oct. 12, at the RIT Downtown Center for Urban Entrepreneurship, 40 Franklin St. Downtown. Participants will have the […]
Hurricane Milton has weakened slightly from a Category 5 storm to a Category 4 storm as of Tuesday morning, although forecasters warn the storm will remain “an extremely dangerous hurricane” through landfall in Florida. Milton intensified from a Category 2 hurricane into a Category 5 storm within hours Monday, generating winds of 180 mph, according […]
A major union for U.S. dockworkers and the United States Maritime Alliance agreed on Thursday to a tentative deal on wages and have extended their existing contract through Jan. 15 to provide time to negotiate a new contract. The move ends a strike that had snarled East Coast and Gulf Coast ports since the beginning […]
Before you know it, the holiday shopping season will be here. A new Bankrate data shows that about three of those holiday shoppers (33 percent) plan to spend less on holiday shopping this year than they did last year. Between two and three of the shoppers (24 percent) plan to spend more, and around four […]
According to News10NBC, RG&E customers will see a $12 increase on their bills come May as part of a negotiated rate increase approved by state regulators. If you’re a National Grid customer and you thought you were spared, think again. Now, that utility wants to increase its customers’ rates, too. National Grid is asking state […]
Kamala Harris and Donald Trump will meet for the first time face-to-face Tonight night for perhaps their only debate, a high-pressure opportunity to showcase their starkly different visions for the country after a tumultuous campaign summer. The event, at 9 p.m. Eastern in Philadelphia, will offer Americans their most detailed look at a campaign that’s dramatically changed […]
Erie County is offering Buffalo Bills fans a unique opportunity to invest in the construction of the new Bills stadium through “Bills Bonds.” The county has committed $250 million towards the stadium, with $125 million still needed, which will be raised through these bonds. Unlike typical municipal bonds, fans can purchase these before institutional investors, […]
The explosion of online sports betting is taking a toll on personal finances, particularly among those who are financially distressed. That’s the conclusion of a recent paper, “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households.” The authors found that sports betting has exploded since the Supreme Court overturned a federal law prohibiting it in 2018. […]
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. […]
WDKX Holiday Stream