Crains New York

Crains New York is a news website that covers transportation, banking, finance, and real estate in New York City. The site provides breaking news alerts, in-depth analysis, and regular updates on the top business stories. While the site tends to present factual information without a clear slant, it does cover topics that may lead to potential conflicts of interest for the writers or the site itself.

81%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

92%

Examples:

  • The site tends to present factual information without a clear slant.

Conflicts of Interest

85%

Examples:

  • The site covers news related to banking and finance, which may lead to potential conflicts of interest. For example, an article about a company's credit rating being downgraded by Moody's might involve a conflict if the site or its writers own stock in that company.

Contradictions

100%

Examples:

  • No significant contradictions found in the articles.

Deceptions

70%

Examples:

  • The author states that NYCB has tumbled about 60% since announcing plans last week to slash dividends and beef up reserves. However, this is not entirely accurate as it implies that the bank's stock price has fallen solely due to these factors when in reality there may have been other contributing factors such as market conditions and investor sentiment.

Recent Articles

  • New York Governor Kathy Hochul Considering Delay of Congestion Pricing Amid Opposition and Lawsuits

    New York Governor Kathy Hochul Considering Delay of Congestion Pricing Amid Opposition and Lawsuits

    Broke On: Monday, 03 June 2024 New York Governor Kathy Hochul is considering delaying the implementation of congestion pricing in Manhattan due to concerns from Rep. Hakeem Jeffries and ongoing lawsuits. The proposed tolls, set to start on June 30, would generate $1 billion annually for public transportation infrastructure but face opposition from 63% of New York voters.
  • NYCB Stock Price Drops 60% Despite No Deposit Outflow and Increasing Deposits; Moody's Downgrades Credit Grade to Junk, Federal Reserve Monitors Banks Under Pressure

    NYCB Stock Price Drops 60% Despite No Deposit Outflow and Increasing Deposits; Moody's Downgrades Credit Grade to Junk, Federal Reserve Monitors Banks Under Pressure

    Broke On: Wednesday, 07 February 2024 New York Community Bancorp (NYCB) has recently experienced financial difficulties, with its stock price dropping by about 60% over the past eight days despite seeing virtually no deposit outflow from its retail branches in recent weeks and overall deposits increasing by around $23 billion since 2023. The bank appointed Alessandro DiNello as executive chairman of the company effective immediately, but Moody's Investors Service downgraded the bank's credit grade to junk and JPMorgan Chase & Co. downgraded its stock from overweight to neutral. The Federal Reserve is closely monitoring banks under pressure, particularly those with problems concentrated in office sector commercial real estate loans.