Grand Central Terminal Welcomes the Holiday Season with Festive Fair and Model Train Show in New York City
The Grand Central Holiday Fair and model train show have opened, featuring local vendors and a miniature New York City, operating until December 24th and February 2025, respectively.
New York State Cannabis Control Board Boosts Industry with Extended Deadlines and New Licenses
The New York Cannabis Control Board has extended the deadline for social equity cannabis retailers and approved new licenses, including 42 dispensaries and various microbusinesses and cultivators.
New York City Comes Alive with the Opening of Union Square and Macy’s Holiday Markets, Shop Local Artisans and Delicacies
Union Square Holiday Market in NYC opens today, featuring over 185 vendors, until December 23, excluding Thanksgiving and Christmas Eve. It offers diverse gifts, open until 8 pm on weekdays and weekends.
Schrödinger Strikes $150M Deal With Novartis, Potential for $2.3B in Future Payments
Schrödinger entered into a deal with Novartis, receiving an initial $150 million with potential for future payments totaling $2.3 billion. The collaboration involves drug discovery programs and software licensing.
New York's Economy Shows Sign of Rebound With Private Firms Thriving, While Tourism Sector Awaits Full Recovery
New York City sees mixed economic signals; Crain's reports a 15% revenue increase among large private companies, while tourism recovery is strong but uneven, awaiting international and business travel's full return.
NYU Langone Health Boosts Operating Margin to 3%, Yet Faces Scrutiny Over Charity Care Spending
NYU Langone Health improved its fiscal year operating margin to 3% with a revenue increase of 14.2%, despite lower net income and days cash on hand, and questions about its charity care spending.
Macy's Postpones Q3 Earnings Release Amid Discovery of $154 Million in Concealed Expenses by Former Employee
Macy's postpones its Q3 earnings report due to a discovery of financial misreporting by a former employee, who hid $132-$154 million in delivery expenses. No impact on cash or payments was found.
New York and New Jersey Attorneys General Secure Settlement to End Restrictive No-Poach Agreements at Guardian Service Industries
New York and New Jersey Attorneys General settled with Guardian Service Industries to end its no-poach agreements, which limited worker mobility and wage growth.
NY Medical Cannabis Industry Association Sues NY Cannabis Control Board Over Allegedly Unconstitutional License Fee
The NYMCIA is suing New York's CCB and OCM over a $20 million fee for adult-use cannabis licenses, alleging it's unconstitutional and misused, rather than aiding social equity efforts.
Mount Sinai Bolsters Cardiac Care with $31.2M Electrophysiology Lab in NYC and Expands Cancer Trials Following $1M Donation
Mount Sinai Health System invests over $31 million to improve cardiac facilities and electrophysiology labs and receives a $1 million donation for cancer clinical trials.
NYC Mayor Eric Adams Secures Wage Increases for 500 City Physicians in Tentative Labor Deal
NYC Mayor Eric Adams has reached a tentative deal with Doctors Council SEIU, promising wage increases for around 500 city physicians through 2026, including a retroactive pay raise and a lump sum bonus.
Over 30,000 CUNY Faculty and Staff on Cusp of Wage Hikes and Bonuses as Tentative Labor Deal Awaits Ratification
A tentative labor agreement at CUNY proposes wage increases and bonuses for over 30,000 faculty and staff, pending ratification by the Professional Staff Congress.
New York's Cannabis Advisory Board Suggests "Temporary" Cap on Retail Dispensary Licenses at 1,600 to Avoid Market Saturation
New York's Cannabis Advisory Board proposes a cap of 1,600 retail licenses to prevent market saturation and promote a balanced cannabis industry, while considering social equity permit holders.
Teamsters Union Strikes Against Amazon During Peak Holiday Season, Delays Possible as Workers Demand Negotiations
Teamsters Union workers strike at Amazon facilities in multiple US states during the holiday season, impacting operations. Amazon disputes the union's claims and assures customers of uninterrupted service.
Billionaire Charles Cohen Faces Possible Foreclosure on Midtown Manhattan Property Amid $85 Million Loan Default
Charles Cohen is facing foreclosure on his Midtown office building, as lenders claim he defaulted on $85 million in loans. His company intends to refinance and redevelop the property.
New York City's Cruise Industry Makes a Comeback with Record Passenger Numbers and Economic Boost
NYC's cruise industry is experiencing growth with a record 1.5 million passengers in 2023, contributing to an economic impact of $509 million and nearly 3,000 jobs.
New York City Embarks on AI-Driven Growth, Economic Report Foresees Jobs Boost with Challenges Ahead
A report by NYC's Economic Development Corporation anticipates AI's positive impact on the city's economy in 2025, with growth in startups and jobs, but also acknowledges possible job displacements.
Nearly 1,000 NYC Doctors Poised to Strike Amid Stalled Contract Talks, Mayor Intervenes for Resolution
Nearly 1,000 NYC physicians may strike over contract disputes, with resumed negotiations following Mayor Adams' intervention. Concerns rise over patient care and hospital function.
New York City Braces for Potential Strike from 1,000 Public Hospital Doctors Amid Contract Dispute
NYC Health + Hospitals faces potential strike by nearly 1,000 doctors seeking better pay and conditions, with negotiations ongoing and strike notice issued.
New Yorkers Face Possible Spike in Utility Bills as Con Edison Seeks Rate Hikes Amid Calls for Review
Con Edison seeks rate increases for NYC, with electric bills possibly rising by 11.4% and gas by 13.3%, citing grid upgrades. Customers and advocacy groups express concern over affordability and the PSC will decide later in the year.
Wall Street Retreats on Walmart's Forecast Caution, Mixed Outcomes for Tech Giants and Global Markets
Wall Street retreated as Walmart's less optimistic profit outlook affected investor sentiment, causing its share to fall 6.2%. Despite some positive earnings, overall, market indices were down.
New York Attorney General Victorious in Antitrust Case Against Intermountain Management Over Ski Resort Monopoly
Intermountain Management loses a legal battle as a New York court rules their closure of Toggenburg Mountain violated antitrust laws, as claimed by Attorney General Letitia James.
New York Celebrates Maple Month, A Boost for Local Producers and a Sweet Delight for Residents
New York celebrates Maple Month, highlighting its thriving maple industry. With production up to 846,000 gallons, the state offers Maple Weekends and supports the industry with Taste NY Markets and agricultural programs.
Forever 21 Files for Bankruptcy, Plans to Close All New York and New Jersey Stores Amid Retail Industry Struggles
Forever 21, facing competition and declining mall traffic, files for Chapter 11 bankruptcy and plans to close all NY and NJ stores, liquidate U.S. assets, but keep international locations open.
StubHub Files for IPO Despite Recent Financial Loss, Aims for NYSE Listing Under "STUB"
StubHub files for an IPO despite a $2.8 million loss in 2024, with CEO Eric Baker holding over 90% voting power. The filing lacks share and price details but states the intent to use the "STUB" ticker on the NYSE.
New York City Small Businesses and Consumers Brace for Economic Strain Amid Ongoing Trade War
NYC small businesses and consumers are anxious about the impact of Trump's trade war tariffs, with fears of price increases and economic uncertainty affecting local shop owners and shoppers alike.
New York Attorney General Letitia James Champions FAIR Business Practices Act to Bolster Consumer Protections
Attorney General Letitia James is advocating for the enactment of the FAIR Business Practices Act to update consumer protection laws in New York and address predatory lending, data breaches, and unfair business practices.
High-Stakes Casino License Battle Intensifies in New York City with Eight Contenders Eyeing Times Square and Other Landmarks
Eight companies are vying for a casino license in NYC, with proposals including a Times Square Caesars Palace and a casino near the Mets' stadium, despite local concerns and opposition.
Revel Exits NYC Rideshare Market to Focus on Expanding EV Charging Infrastructure
Revel ends its rideshare service in NYC to focus on expanding EV charging infrastructure, transitioning from providing rides in blue EVs to deploying charging stations, with the goal of 2,000 stalls by 2030.
New York City Residents to Voice Opinions on Controversial Times Square Casino Proposals at Upcoming Public Hearings
Public hearings are set for two proposed casinos in NYC's West Side, with locals to voice their opinions on The Avenir and Caesars Palace Times Square amid concerns over community impact.
NYU and The New School Embrace Sustainability with Eco-Friendly Student Shopping Initiatives in New York
NYU and The New School introduce eco-friendly initiatives for students to reuse items and reduce waste, with NYU's 'Swap Shop' and The New School's 'Free Sale' offering students a variety of used goods.
Rev. Al Sharpton Leads March in Manhattan for Economic Justice, Invoking Civil Rights History on Anniversary of 1963 March on Washington
Rev. Al Sharpton led a march in Manhattan's Financial District to support DEI initiatives and protest against the Trump administration's policies, drawing diverse participants and coinciding with the 1963 March on Washington anniversary.
NYPD Warns of Rising Toyota Highlander Thefts in NYC, Mayor Calls for Social Media Vigilance Amidst Nationwide Auto Theft Trends
NYPD warns of increased Toyota Highlander thefts across NYC zip codes, urging anti-theft measures. Toyota also recalls over 90,000 vehicles due to HVAC issues affecting driver visibility.
Manhattan's Bet on Times Square and Hudson Yards Casinos Craps Out After Local Committees Reject Proposals
Community committees voted against proposed casino developments in Times Square and Hudson Yards, highlighting the tensions between development and local sentiment in urban planning.
Mayor Eric Adams Evaluates Economic Impact of Proposed NYC Casinos in New Report
Mayor Eric Adams provides an analysis of seven casino bids in NYC, focusing on their economic potential and community impact, aiming for transparency and fairness in the selection process.
Manhattan Casino Dreams Quashed as Freedom Plaza Proposal Rejected by Community Advisory Committee
Manhattan's Community Advisory Committee voted against a proposed casino, Freedom Plaza, echoing rejections of other Manhattan casino proposals, due to concerns over congestion and public safety.
Everlasting Blooms in SoHo as CJ Hendry's Flower Shop Offers Unique Artistic Flair with Permanent Felt Flower Store
Flower Shop in SoHo offers long-lasting felt flowers, creating artful bouquets that don't require water. Co-founders CJ and Pamela Hendry established the store following successful pop-ups.
Governor Hochul Unveils $300M POWER UP Initiative to Revitalize New York's Industrial Sites
New York Governor Hochul has announced the POWER UP program, a $300 million initiative to enhance the state's industrial sites for sectors like semiconductors and clean technology, ensuring they are power-ready for future economic growth.
New York AG Letitia James Leads 20-State Coalition in FTC-Backed Lawsuit Against Uber Over Alleged Subscription Trapping Tactics
New York Attorney General Letitia James and attorneys from 20 other states, along with the FTC, are suing Uber for misleading consumers with the difficult-to-cancel Uber One subscription service, which charges $9.99 per month.
New York City Awards Historic $6.9 Billion in Contracts to Minority and Women-Owned Businesses, Shattering Previous Records
New York City set a record by awarding $6.9 billion in contracts to minority- and women-owned businesses, aiming to surpass the OneNYC goal of $25 billion by FY 2026.
Saks Fifth Avenue's Parent Company Saks Global Files for Chapter 11 Bankruptcy in New York
Saks Fifth Avenue and its parent company, Saks Global, have filed for Chapter 11 bankruptcy amidst financial struggles and owing billions to suppliers, with no immediate fire sales expected at their stores.
T-Mobile Fires Back, Drags Verizon Into Manhattan Court Brawl Over 'Better Deal' Ads
T-Mobile has filed a countersuit in Manhattan, saying Verizon’s “Better Deal” ads lure customers with false savings before upselling pricier services. The move escalates a months‑long ad fight into court.
BlackRock Slams the Brakes on HPS Credit Fund Withdrawals
BlackRock has capped redemptions at the HPS Corporate Lending Fund after heavy requests, with roughly $1.2B sought and about $620M paid out in the repurchase round. The move highlights liquidity strain in retail-facing private credit.
City Ink Chain Slaps Ex-Piercers With $3M Suit Over 'Dirty Needles' Claims
Live By The Sword filed a $3M defamation suit in Manhattan, accusing three former piercers of posting images alleging dirty needles, pests and bedbugs. The chain says the posts cost it customers; ex‑staffers call the suit retaliatory.
Wall Street Money Snaps Up Houston Jiffy Lube In $1.3 Billion Oil-Change Shakeup
Shell has agreed to sell Houston-based Jiffy Lube International to Monomoy Capital Partners for about $1.3 billion, a deal that keeps Pennzoil supplying the chain. The acquisition pairs the franchisor with a PE operator that says it will invest behind stores and franchisees.
Manhattan Money Boss Larry Fink Warns $150 Oil Could Tank Global Economy
BlackRock CEO Larry Fink told the BBC that oil at $150 a barrel could tip the world into recession, as markets reel from Middle East supply disruptions. The warning adds a new layer of risk for investors and local finance firms.
Alight Stock Plunges Below $1, Faces NYSE Noncompliance Risk
Alight's shares slipped under $1 on Friday, exposing the Chicago HR firm to potential NYSE noncompliance after a $3.1B goodwill impairment. Investors and managers are weighing fixes.
JPMorgan Sneaks Out $15 Billion ‘Project Eagle’ Debt To Power EA Mega Buyout
JPMorgan moved a nearly $15B debt package to fund EA’s $55B buyout, executing the sale under the codename Project Eagle while markets reeled from Middle East risk. Banks paced loans and bonds to match heavy investor demand.
Fifth Avenue Scores 7,000-Square-Foot Labubu Lair as Pop Mart Plants Its Flag
Pop Mart has signed a roughly 7,000‑square‑foot lease at 680 Fifth Ave., putting the Labubu maker on Manhattan’s Fifth Avenue next to a new Swarovski emporium. The company’s Times Square flagship and the Fifth Avenue move mark a bigger U.S. retail push.
Dow Roars Back 1,100 Points As Iran War Jitters Ease
Markets staged a relief rally as reports suggested the U.S.-Iran conflict might be easing, pushing the Dow more than 1,100 points higher. Tech and chip names led the move as oil fell.
Chelsea's Colossal Burlington Makeover Shakes Up Sixth Avenue
Burlington opened an ~80,000‑sq‑ft Chelsea flagship at 620 Sixth Ave in the Siegel‑Cooper building, part of a reimagined store format that shifts focus beyond outerwear. The move consolidates several Chelsea footprints into one flagship.
Goldman Sachs Pitches Bitcoin Income ETF From Its West Street Nerve Center
Goldman Sachs filed for a Bitcoin Premium Income ETF that would invest in spot bitcoin ETPs and sell options to generate income for shareholders. The move underscores rising institutional appetite for crypto products.
Midtown Meets San Antonio As iHeart And Sirius XM Flirt And Stocks Go Wild
Preliminary talks between iHeartMedia and Sirius XM rattled markets Friday, lifting iHeart and knocking down Sirius shares while regulators weigh antitrust implications.
Mamdani Gambles On City Grocery In East Harlem Price War
Mayor Mamdani has revealed plans for city‑owned grocery stores with La Marqueta named as the first site and officials promising cheaper staples without cutting worker pay. The idea has drawn both labor praise and skeptical coverage over costs and feasibility.
Ousted Live Nation Boss In L.A. Says He Was Silenced, Sues For $35M
A former Live Nation executive alleges he was fired after flagging inflated venue revenues and improper accounting; he filed a $35 million wrongful‑termination suit in Los Angeles.
Trump Tower Phone Hype Hits Static As Fine Print Lets T1 Slip Away
Trump Mobile's updated preorder terms say a $100 deposit is only a "conditional opportunity" and the T1 handset "may never be commercially released," leaving hundreds of thousands waiting. Regulators and tech outlets are picking through filings and refunds.
Hot Water Scare As Zwilling Yanks Popular Electric Kettles Over Burn Risk
About 113,000 Zwilling ENFINIGY kettles have been recalled over handle defects that can spill near‑boiling water. Owners are being told to stop using affected units and register for refunds.
Mid-Atlantic Pizza Hut Boss Says Glitchy AI Left $100 Million Hole In Slice Empire
A Mid‑Atlantic Pizza Hut franchisee says Pizza Hut's Dragontail AI slowed deliveries and cost the operator more than $100 million, according to a new lawsuit. The complaint blames longer waits, broken DoorDash integrations and falling sales.
Ticketmaster Shock Email Targets Fans Who Bought Tickets Since 2010
A court-authorized notice says people who bought primary Ticketmaster tickets since 2010 may be included in a nationwide class action. Opt‑out requests must be mailed and postmarked by July 6, 2026.
Barnes & Noble Muscles Back Into Avenue A, Stirring Up East Village Book Scene
Barnes & Noble has inked a lease for roughly 11,300 sq ft at 181 Avenue A and is listed to open in November 2026. Neighbors and local blogs are already debating what the chain’s return means for East Village indies.
15,700 Empty Storefronts Haunt New York City Streets, Comptroller Warns
A new comptroller analysis finds roughly 15,700 vacant storefronts in New York City, with the highest vacancy rates clustered in Lower Manhattan, North Brooklyn and parts of Queens.
NYC Judge Won’t Let Abbott Shake PediaSure Growth Suit
A Manhattan judge allowed a class-action accusing Abbott’s PediaSure of overstating its “clinically proven” growth benefits to proceed, citing packaging and ads that could imply height gains.































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