business

New York’s unemployment rate dropped marginally in June from 7.8% to 7.7%, according to the Bureau of Labor Statistics. While this change may seem negligible, SUNY Oswego economics professor, Liz Schmitt, said there are a lot of moving parts underneath the surface.

Starting Thursday, small businesses in central New York will be able to apply for their chance at state grants of up to $50,000. It’s part of the “New…

Retail sales were flat in April from a month earlier as Americans spent less on things such as clothes or sporting goods but increased their spending at bars and restaurants.

Scotch whisky and other goods have been subject to a 25% tariff. The levies cost companies hundreds of millions of dollars in lost exports, according to the Scotch industry.

Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.

Special purpose acquisition companies, or SPACs, are exploding in popularity. They allow companies to go public without all the hoops of an initial public offering.

The short-tem rental company says it's actually seeing an increase in its business because people are less inclined to stay at hotels and are choosing to "work from any home" during the pandemic.

Holiday tourism is off sharply in New York. Businesses are looking for other ways to break even this holiday season because they usually count on a big bump in tourist revenue this time of year.

After decades of saying "hej" to the world, it's time for Ikea's famous catalog to say "adjö." But many fans say they're disappointed by the move.