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The average monthly rent in Manhattan rose to a record $5,588 in the month of July as inflation and higher interest rates push rental prices to new record levels, according to a report from Miller Samuel and Douglas Elliman. Manhattan’s new average monthly rent of $5,588 is up more than 9 percent from last year, when rent was $5,113, according to the report. The median rental price also reached a new high of nearly $4,400, up more than 6 percent from last year, marking the fourth time in five months Manhattan has hit a record. The report found the average...

U.S. spending on health care grew by 2.7 percent to reach a total of $4.3 trillion in 2021, or around $12,900 per person, according to new figures from the Centers for Medicare & Medicaid Services (CMS). Although this growth was slower than the increase of 10.3 percent in 2020, out-of-pocket health care spending accounted for 10 percent of the overall share last year and increased by 10.4 percent — a rate not seen since 1985. In comparison, out-of-pocket spending fell by 2.6 percent in 2020 amid the COVID-19 pandemic, as Americans put off doctor’s appointments and other health services. The...

Authorities in Washington, DC, have provided a list of tips for residents as carjackings rise in the city, urging people to “drive in the center lane to make it harder for potential carjackers to approach the car” and to “GIVE UP YOUR CAR” without argument in the event of a criminal issuing a threat with a weapon. “Unfortunately, we have been seeing a rash of these recently in the D.C. area,” 7News reported on Monday, referencing “violent” carjackings last week that resulted one man shot and another held at gunpoint.

The trade deficit rose to more than $70 billion in May amid a surge in imported goods and materials. The U.S. trade deficit hit $71.2 billion, rising 3.1 percent from $69.1 billion in April, The Commerce Department said on Friday, according to the Associated Press. Exports went up 0.6 percent to $206 billion while imports rose 1.3 percent to $277.3 billion.

The Dow, S&P 500 and Nasdaq all hit record highs. Abbott Laboratories, United Technologies, Baker Hughes and NBCUniversal-parent Comcast all reported earnings and revenue that beat analyst expectations. Of the S&P 500 companies that had reported as of Tuesday morning, 77 percent have beaten earnings estimates, while 80 percent have topped revenue expectations, according to FactSet. Stocks traded higher on Wednesday on the back of stronger-than-expected quarterly earnings results. The Dow Jones industrial average rose 150 points at the open, hitting a record high. The S&P 500 also reached an all-time high, climbing 0.3 percent. The Nasdaq composite also 0.1...

President Trump on Tuesday evening threatened to send government officials to the Windy City if the Democratic mayor and city police cannot turn around the city's rocketing homicide rate. "If Chicago doesn't fix the horrible "carnage" going on, 228 shootings in 2017 with 42 killings (up 24% from 2016), I will send in the Feds!" Trump tweeted around 9:30 p.m. EST Tuesday. Gun-related violence in Chicago is outpacing the same period in 2016, which was one of the most deadly years for the city in recent history. From Jan. 1 through Monday, 37 people were killed and 250 people were...

Archaeologists working on Iasos on Turkey’s Aegean coast have recently discovered that the ancient city was buried under a mountain of ash caused by the explosion of Mt. Thera on Santorini 3,600 years ago. Excavation works have also revealed a sewage system that was in place in the 4,000-year-old city and tunnels to the city’s theater... Spanu said columns that were found one meter underground provided vital information about the history of the city. “Following the explosion of the volcano Thera, which also caused the destruction of the Minoan civilization on the islands of Crete and Santorini, the ancient city...

Sixty-eight dead. At least 175 injured. About 30 hostages still inside, as well as perhaps a dozen gunmen. Those are the grim numbers, more than a day after Islamist attackers stormed an upscale Nairobi mall on Saturday, spraying bullets and holding shoppers captive. The tense standoff continued into Sunday night, with sporadic gunfire heard through the day and at least one explosion.

The minutes of the Federal Open Market Committee's meeting at the end of July showed on Wednesday the central bank is likely to deliver another round of stimulus "fairly soon" and that any such decision would be highly dependent on economic data. Analysts said that while the signal that additional stimulus for the U.S. economy was positive for gold in the near term, the most recent read on key indicators such as consumer spending, manufacturing or jobs growth since the Fed's last meeting pointed to a more robust phase of economic growth and as such, gold's gains could be limited....

California's stubbornly high unemployment rate rose even higher in July, climbing two-tenths of a percentage point to 12%, the U.S. Department of Labor reported Friday. It was the second straight monthly increase in joblessness as measured by a federal survey of households. California's unemployment rate was the second-highest in the nation, exceeded only by Nevada at 12.9%. Interactive: Track U.S. unemployment The state's employers added a modest 4,500 new jobs to payrolls, according to a separate monthly check of businesses. Last month, there were a revised 30,500 new jobs. That level of growth, while welcome, is not strong enough to...

The series of terror attacks that took place early Thursday afternoon on the road leading from the Israeli-Egyptian border to Eilat did not come as a surprise to Israel's senior security officials. They had expected it would occur at some stage or another. The escalating security situation in the Sinai Peninsula, continuous work on the new border barrier and the frustration of terror groups within the Gaza Strip who - for some time now - have not managed to successfully carry out a terror attack from within the Strip, all pointed at the likelihood of an attempt to attack via...

U.S. gasoline prices soared nearly 9 cents over the last week to $3.68 a gallon, the highest pump price on record for April, the Energy Department said on Monday.The national price for regular unleaded gasoline is up 86 cents from a year ago, based on the department’s weekly survey of fuel prices at service stations. Cleveland and Chicago had the biggest weekly gasoline price increases, rising 19 and 18 cents a gallon, respectively.Drivers paid more for gasoline as rising crude oil costs were passed along at the pump.

SEOUL, South Korea – One month after a deadly exchange of artillery fire, the two Koreas ramped up their rhetoric, with South Korea's president pledging unsparing retaliation if attacked again and a top North Korean official threatening a "sacred" nuclear war if provoked. South Korean troops, tanks and fighter jets put on a thundering display of force Thursday as President Lee Myung-bak visited with soldiers at a base near the border, while North Korea's elite marked a key military anniversary by lashing out at the South for encouraging war. For both countries, the rallying cries and military maneuvers mainly seemed...

SEOUL (Reuters) – The death of a North Korean military official and the naming of leader-in-waiting Kim Jong-un to the funeral preparation committee was jumped on by South Korean media on Monday as showing he had risen to second-in-command. In the opaque world of North Korea, experts are forced to dissect and analyze every snippet of information -- sometimes reading between the lines, or words -- in search of the truth. South Korean media concluded that by being named immediately after leader Kim Jong-il to the funeral committee by the North's state-run news agency KCNA, the leader's third son had...

California lost 33,500 jobs in August, marking the third straight month of payroll cuts and pushing the unemployment rate up to 12.4%. That number of job losses is more than the revised 22,900 jobs cut from payrolls in July, according to data released Friday from the Employment Development Department. There were 2.3 million unemployed Californians in August. Get a daily snapshot of market numbers and trends, delivered right to your mobile phone. Text BUSINESS to 52669. Construction, manufacturing, financial activities, government, leisure and hospitality, trade, transportation and utilities lost jobs over the month. Government has lost 47,700 jobs over the...

The latest numbers released Friday that show fresh gains in unemployment suggest a recovery for Nevada's job market will have to wait.New data from the state Department of Employment, Training & Rehabilitation show that unemployment in Nevada rose from 12.3 percent to 13 percent between November and December, even as the holiday hiring season kicked into full gear and the massive CityCenter megaresort opened with 12,000 employees. Joblessness in Clark County jumped a full percentage point month over month, going from 12.1 percent to 13.1 percent.The rise in joblessness follows two straight months of declines in unemployment, though economists attributed...

SAN FRANCISCO (Reuters) – California's unemployment rate rose to a record 11.2 percent in March and analysts expect job losses across most industries in the most populous U.S. state to increase through much of this year. "This is the worst recession since the Great Depression and it's not over," economist Steve Levy said on Friday shortly after the state released its March unemployment report. "We have at least six more months of job losses," added Levy, of the Center for the Continuing Study of the California Economy. At 11.2 percent, California's jobless rate was well above the March national unemployment...

US Treasury debt staged a meteoric rally as investors scrambled for the safe haven of American government securities. The 30-year Treasury bond’s price rose more than three points. The flight to safety was even after the Federal Reserve said it would substantially increase currency swap limits to $620 billion (£342 billion ) with nine leading central banks in response to short-term strains in the money markets. In its latest severe sell-off, the already sharply weaker pound plummeted by almost 5 cents against the dollar today compared with its level at the close of New York trading on Friday. The fall...

Cloud of scholarly dust rises over ancient footprints claim Tuesday, April 25, 2006 BRADLEY T. LEPPER Are the footprints of surprisingly ancient Americans preserved in 40,000-year-old volcanic ash in southern Mexico? In December, an article in the journal Science cast a cloud of doubt over that claim. The authors, Michael Waters and Paul Renne, argue that the ash dated to 1.3 million years ago, much too old for humans on this continent, and that the so-called footprints were nothing more than marks made by the tools of modern workers quarrying the stone with crowbars. Now, Silvia Gonzalez, an archaeologist from...

CAMP FALLUJAH, Iraq (April 4, 2006) -- Outdoor temperatures sore above 130 degrees Fahrenheit during the summer months here, so personnel will need to take proper precautions in order to keep themselves from falling victim to the dangerous side effects of heat injury. Everyone is susceptible to a heat injury. Luckily there are multiple steps that can be taken to prevent the potentially lethal threat from striking. “A lot of people have the misconception that all you have to do is drink a lot of water or Gatorade,” said the leading petty officer of the I Marine Expeditionary Force Headquarters...