Iran's economy has been hit hard by U.S.-led sanctions that have targeted its oil exports and its banking system. In response, Iran appears to have gone on a gold buying spree as it attempts to halt the downward spiral of its currency.
With long gas lines persisting more than a week after Superstorm Sandy, New York imposed a gasoline rationing plan Thursday that lets motorists fill up every other day. Police will be at gas stations Friday morning to enforce the new system in New York City and on Long Island
A new Congressional Budget Office report explores the economic and budget impacts of the "fiscal cliff. The non-partisan government agency warns automatic tax hikes and spending cuts could do serious damage to the economy.
New York Governor Andrew Cuomo says Hurricane Sandy will have a big impact on state budgets. That storm could cost his state $33 billion in economic damage. The situation is much the same in New Jersey.
Car dealers in New York and Massachusetts have filed a lawsuit that seeks to block Tesla from selling its pricey electric vehicles in those states. The dealers say they are defending state franchise laws, which require manufacturers to sell cars through dealers they do not own.
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