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Economy

3 takeaways from Fed’s move to leave rates but hint at hike

WASHINGTON — With six days before Americans choose a new president, the Federal Reserve sent a dual message Wednesday: It isn’t yet time to raise interest rates. But it’s getting very close. After its latest policy meeting, the Fed dropped ...

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Gov. Cuomo’s Start-Up jobs figures don’t add up

ALBANY — New York Gov. Andrew Cuomo’s signature economic development program may have created fewer jobs than the state says. The Democratic governor’s administration released a report on Start-UP NY that says the program has generated 408 jobs since its ...

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Manufacturing in New York grew in June

Factory activity in New York expanded in June, rebounding from a May decline as manufacturer orders and shipments rose. The Federal Reserve Bank of New York said Wednesday that its Empire State manufacturing index rose to 6 in June, after ...

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What’s going on with the stock market?

NEW YORK  — Wall Street is drowning in oil. Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil. The price of crude is down 28 percent ...

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Yellen: Research needed on policy tools

WASHINGTON — Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. She said Thursday that the post-crisis period offers ...

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Fed keeps rate at record low, for now

WASHINGTON — The Federal Reserve is keeping its key short-term interest rate at a record low in the face of threats from a weak global economy and excessively low inflation. But it suggested the possibility of a rate hike in ...

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Community planning event for El Camino area

The city of Rochester is hosting a charrette to get ideas from citizens and stakeholders for the future of the El Camino Revitalization Area. The event will be from 8:30 a.m. to 4 p.m. Saturday, Nov. 7 at Roberto Clemente ...

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Midtown Tower280 lines up first tenant

The first official retail tenant for Tower280 at Midtown will be Branca Italian Restaurant, opening its second location on the northwestern corner of the tower, occupying approximately 4,500 square feet. The announcement was made Monday by developers Buckingham Properties and ...

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NY redacts SUNY legal contract

ALBANY — The State University of New York has hired a Manhattan law firm for up to $1.5 million but so far state officials and the firm aren’t talking about it, or whether it’s related to a federal investigation of ...

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