It’s the largest increase since 1982.
Program: CBS2 News At NoonCategories: Finance, News, Financial News, Financial Planning, General, Local News, WCBSTV, Google
Those Eligible For Social Security To See Near-6% Increase In Benefits In 2022It’s the largest increase since 1982.
Shrinkflation Taking A Bite Out Of People's PaychecksFrom cereal to soap and paper towels to pretzels, you might have noticed you're not getting as much as you're used to. Liz Collins reports.
Cascade Of Problems Around The World Leads To Sharp Losses On Wall StreetIt was the worst day for the markets since May. Despite the losses, the market did come back somewhat in the last 40 minutes of the day. CBS2's Dick Brennan reports.
How To Get The Biggest Bang For Your Buck With Rewards CardsWhen it comes to credit cards, experts say the average person carries about three, with at least one being a rewards card, but it can take some know-how to get the biggest bang for the bucks you charge; CBS2's Jessica Moore reports.
Bernie Madoff Dies In Prison At 82Bernie Madoff, the infamous financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in a federal prison.
Jump In March Jobs ReportThe latest U.S. Jobs Report shows a jump in jobs around the country. CBS News' Natalie Brand reports.
COVID-19 1 Year Later: Economic CrisisCBS2's Dave Carlin speaks to several area residents who were forced to reinvent themselves after losing their jobs or deciding to change careers as a result of the financial hardship caused by the virus.
GameStop's Wild Ride Continues On Wall StreetGameStop's wild ride is continuing on Wall Street. Small investors had sent the stock soaring, in part to punish hedge funds betting against it, and Thursday, there was a new turn; CBS2's Dick Brennan reports.
Retail Brokerage Firms Limiting Trading On GameStop StockThere's more backlash to the GameStop trading frenzy. Retail brokerage firms are now limiting trading on the stock, which has been surging this month; CBS2's Dick Brennan reports.
GameStop Shares Skyrocketing Thanks To Everyday InvestorsEveryday investors have inflicted pain on professional traders who made big bets that GameStop shares would fall. Instead, it's skyrocketing, up 800% in a week; CBS2's Tony Aiello reports.
New Effort Underway To Fully Reinstate New Jersey State And Local Tax DeductionsA cap on the SALT deduction is hitting Tri-State Area residents hard in their wallets and forcing people to move away. There's now a new effort at the federal level to fully reinstate New Jersey State and Local Tax deductions; CBS2's Meg Baker reports.
People Working From Home Wonder What That Means For Their Tax DeductionsMany people still have not returned to their office buildings, and with the upcoming tax season fast approaching, some want to know if they can write off those work from home expenses. CBS2's Alice Gainer reports.
Pfizer Vaccine Announcement Sends Stocks SoaringPfizer's vaccine announcement sent global stocks soaring Monday.
Nancy Pelosi Reports Progress In Stimulus NegotiationsPelosi has set Tuesday night as the deadline for reaching an agreement if a package is to be passed before the November 3rd election.
Plunge In Tourism Dollars Spells Big Trouble For NYC And New York StateNew statistics from the New York State Comptroller's office shows New York City sales tax makes up for nearly half of the statewide revenue. Without strong numbers, the state comptroller says the fiscal health of local governments is at risk. CBS2's Lisa Rozner reports.
Appeals Court: President Trump Must Turn Over Tax Records To Manhattan District AttorneyPresident Donald Trump must turn over his tax records to a New York state prosecutor, an appeals court ruled Wednesday. The legal setback for the president comes amid confusion over his stance on continuing stimulus negotiations. Debra Alfarone reports.
Stimulus Check Update: IRS Extending Deadline For Some To Apply For $1,200 Government Stimulus CheckThe $1,200 checks were issued in the spring, but the IRS used tax return data to process the checks, and many Americans don’t file a return.
NYS Unemployment Relief On The WayIf you've been expecting unemployment payments in New York, relief is on the way.
Employers Slowed Hiring In July As Coronavirus Spread In U.S.Hiring slowed in July as coronavirus spread throughout many parts of the country, government figures indicate. Michael George reports.
Stimulus Standoff On Capitol HillTime is running out for Congress to pass the next relief package as unemployment benefits for about 25 million Americans will expire this week. Skyler Henry reports.
Millennials Reinventing Themselves As Day TradersAs millions of Americans have coped with lockdowns and quarantines, some have turned to learning new skills. A growing number of millennials are trading in their game consoles and Tik Tok, for the stock market. CBS2's Tom Hanson explains.
Glitch Causes Delay In Federal Unemployment Checks, Leaving Many On Edge About MoneyIf you receive federal unemployment payments, in addition to state unemployment, you may have noticed your money wasn’t in your account this week. CBS2's Natalie Duddridge reports.
U.S. Sees Another 1 Million Unemployment ClaimsAmericans continue to lose jobs even as businesses across the country reopen. The Labor Department says more than 1 million workers applied for new unemployment benefits last week.
Coronavirus Progress: NYSE Set To Open Trading Floor Tuesday For First Time Since March 23Two months ago, for the first time in its history while the markets remained open, the trading floor at the New York Stock Exchange closed. Tuesday marks a new chapter -- it's reopening. CBS2's Kristine Johnson spoke with Stacey Cunningham, the president of the Stock Exchange.