economy

The Golden Arches are sagging just a little bit, as fast-food kingpin McDonald's reported a near 2 percent decline in overall revenue for their locations that have been open for at least 13 months. Industry experts say this is the first time the burger giant has experienced a month-to-month drop in that sector since spring 2003.

Utica, NY (WIBX) - Upstate New York colleges provided nearly $23 billion in economic activity during 2011, according to the Commission on Independent Colleges and Universities.

Marcy, NY (WIBX) - Vice President Joe Biden addressed a crowd and made what can best be described as a statement he may now regret.

Danville, VA (WIBX) - During a speech in Danville, Virginia yesterday, Vice President Joe Biden criticized Republican candidate Mitt Romney's banking policies, saying, "...n the first one hundred days he's going to let big banks once again write their own rules. Unchain Wall Street. They're going to put y'all back in chains."

The job picture might look bleak overall, but there are a lot of positive signs that things could be turning around. One of the most interesting indicators are the number of workers who are quitting their jobs.

Richfield, MN (WIBX) - Not even a successful Daytona 500 sponsorship can help.  Citing losses of nearly $1.7 billion, Best Buy is firing nearly 400 employees and closing 50 stores nationwide.

Over the last few months, there has been some data that suggests the sluggish economy could be improving. Mainly, the unemployment rate, which has dropped to 8.3 percent after reaching a 26-year high of 10 percent in late 2009. However, according to a new survey from Poll Postion, the public is split on whether America is entering into a period of economic recovery.

Just about everyone was hit hard by the bad economy and had to change their lifestyles in at least some small way. Now that we’re all attempting to regain our footing, there’s actually one group of people having a harder time doing so than everyone else.

People can argue about climate change, but they can’t argue with this: so far, 2012 has had some bizarrely warm weather. And while that may be bad for snow-reliant ski resorts, it’s actually been good for a variety of other industries.

Loudonville, NY (WIBX) - New Yorkers plan to spend a little more on gifts this year, according to a new Siena Research Poll. Seven percent of shoppers plan to spend more this holiday season, up three percent from last year. There is also a four percent increase from last year in those adding more items to their shopping lists...