manhattan

Should New Yorkers Get a Break on Their Federal Income Taxes?

To bring the federal deficit down, taxes must go up on the rich. But "rich" means very different things in different parts of the country. You need not pity the poor Wall Streeter just scraping by on $1 million -- but average New Yorkers really are getting disproportionately slammed by the tax man.

Sandy Highlights the Wealth Gap, Forces Rich to Drink Good Wine

A hurricane can be the ultimate equalizer. No matter where on the socio-economic spectrum they stood before the storm, its victims afterward had many of the same needs: food, shelter, electricity and flushable toilets. But some "necessities" are of a more sophisticated nature.

Wall Street Back in Business After Hurricane Sandy Shutdown

The New York Stock Exchange opened on Wednesday -- because it had to open. In a bit of welcome news for fund managers, investors and even the economy, the company that operates the iconic exchange at 11 Wall Street announced it would not extend its trading shutdown to a third day.

Hurricane Sandy Closes All U.S. Stock Exchanges

The New York Stock Exchange will close its trading floor Monday as Hurricane Sandy barrels its way up the Northeast, but Big Board trading will continue electronically. NYSE Euronext said Sunday it is putting in place its contingency plans beginning Monday and will announce later when the trading floor will reopen.

Where Do the Most Spoiled Children in the U.S. Live?

Raising children is expensive, and depending on where you live, it can be much more so. We've examined the seven most costly child-rearing cities, and cross-checked them with a livability study to see if parents are really getting what they're paying for.

3 Black Success Stories Share Their Finance 'Secrets'

In honor of Black History month, DailyFinance asked three prominent African Americans to share their thoughts about what economic empowerment means to them, and illuminate what it takes to achieve it -- no matter who you are.

Can Basketball Fans Score During NBA Lockout?

After the strife-torn NBA cancelled the first two weeks of the basketball season, we wondered: Would this mean any financial relief for fans? Somewhere in the war between the wealthy players and owners, are there savings to be found for the ordinary people who spend money on NBA tickets and gear?

The Tricky Logistics of Occupying Wall Street

Three weeks after it began, Occupy Wall Street is getting its second wind, with a wave of celebrity support, and linked protests popping up in other cities. But camping out in Manhattan is getting logistically ever more complex: How long can Occupy Wall Street continue to actually occupy Wall Street?

Retailers Gear Up for Fashion's Night Out

On Thursday night, New York City will transform into one big after-hours shopping party for Fashion's Night Out, a whirlwind of festive, quirky store events to kick off New York Fashion Week. But it's not all high-end specialty stores -- mass retailers are increasingly using FNO to assert their own fashion bona fides.

Wall Street's Hurricane Irene Contingency Plan

When it comes to bold weather-related boasts, it's hard to beat the Post Office's unofficial motto: "Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds." Yet even the USPS pales beside the standard set by the New York Stock Exchange: Wall Street hasn't closed for weather since Hurricane Gloria in 1985.

New York's Tallest Building Is Now One of Its Greenest

The Empire State Building is perhaps best remembered as the site of King Kong's last stand, but in real life, the monkey on the building's back wasn't a giant gorilla -- it was a giant electricity bill. But that was before one of the most remarkable green renovations ever undertaken.

New York Hosts Season's Last U.S. Auto Show

The New York International Auto Show is a sure sign of two things: that the 2010 model year is fast slipping away, and that automakers are ready to dazzle enthusiasts and the media with shiny new wheels for 2011 and beyond.

Expert Sees Big Apple Real Estate First to Rebound

Manhattan real estate mogul Elie Hirschfeld expects the New York real estate market to recover ahead of other areas of the country as overbuild office space is absorbed and properties are snapped up in distress and foreclosure sales.