Finance
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The Trump administration rescinded a memo that froze federal loans and grants just two days after issuing it, following widespread confusion and legal challenges. The Office of Management and Budget had paused spending to review whether it aligned with Trump’s executive orders on issues like climate change and diversity programs. However, the freeze alarmed states, […]
The City of Rochester is launching a new program aimed to help renters with their credit. Mayor Malik Evans announced the initiative Monday, which is a positive-only reporting method to help renters establish or improve their credit scores. According to a study from the Federal Reserve Bank of New York, one in five Rochester residents […]
Wall Street faced a steep sell-off Monday as investors reacted to the rapid rise of Chinese artificial intelligence company DeepSeek, which introduced a new, cost-efficient AI model that has disrupted the market. DeepSeek’s app quickly climbed to the top of Apple’s U.S. App Store, surpassing OpenAI’s ChatGPT in downloads. This development has sent shockwaves through […]
Americans are not okay financially, according to the Philadelphia Federal Reserve. The share of active credit card accounts making just the minimum payment hit a 12-year high of 10.75% from July through September 2024, based on data from the largest banks in the country, the Philadelphia Fed said on Wednesday. As credit card balances swell, […]
In 2024, the U.S. experienced its slowest year for existing home sales in nearly three decades, with only 4.06 million homes sold, according to the National Association of Realtors. Elevated mortgage rates, hovering between 6% and 7% for much of the year, played a significant role in the decline. Additionally, high home prices and limited […]
Did you get an unwelcomed surprise in the mail last year? New York’s Automated Work Zone speed Enforcement Program issued more than 44-thousand speeding citations in Monroe County. The construction or maintenance zone cameras were placed along spots on I-390, I-490 and NY 104 for several weeks toward the back half of 2024. If the radar […]
A Rochester woman, Elona Roberts, has pleaded guilty to stealing over $121,000 in state pension checks sent to her deceased grandmother. According to the New York State Comptroller’s Office, Roberts’ grandmother, a retired maintenance supervisor for Monroe County, received monthly pension checks after retiring in 1998. However, the pension system was not notified of her […]
The Buffalo Bills are a hot pick to win it all in the NFL this year. And now Buffalo, N.Y., is the nation’s hottest housing market in 2025, with Indianapolis, Providence, Harford, and Philadelphia rounding out the top five. Buffalo was also predicted to be the hottest market of 2024, making it the first market […]
President Joe Biden signed the Social Security Fairness Act into law, increasing payments for nearly 3 million public service retirees and current employees, including teachers, firefighters, and police officers. The legislation eliminates two provisions—the Windfall Elimination Provision and the Government Pension Offset—that previously reduced Social Security benefits for those receiving public pensions. The law will […]
M&T Bank is offering Bills fans the opportunity to show their team spirit with free “Billieve Together” banners as part of its 2025 “Football Brings Us Together” campaign. The banners feature the Buffalo Bills’ signature red and blue colors and celebrate the unity and diversity of the Bills Mafia fanbase. Available on a first-come, first-serve […]
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