Kohl's plans to close 27 stores by April due to underperformance and a focus on optimizing operations amid sales challenges. They'll also shut a California e-commerce center as they adjust to changing retail and consumer behaviors.

Macy's Inc. plans to close 66 stores across the U.S. in early 2025 as part of its "Bold New Chapter" strategy, with New York area locations affected. The move aims to focus on profitable growth and invest in the remaining stores.

Wall Street banks plan to increase bonuses for traders and bankers, with some expecting raises over 10%. This follows a strong market in 2024, reversing the previous cautious approach to bonus distributions.

Manhattan's DA has indicted Kendis Paul and KEP Construction for allegedly stealing $67k in wages from 10 workers, involving bounced paychecks and unpaid overtime.

NYC's congestion pricing is causing businesses to increase prices of goods and services due to higher costs from the tolls for entering Manhattan south of 60th Street.

The Turkish House in NYC operates without the required certificate of occupancy, tied to a case involving Mayor Eric Adams who is accused of corruption.

New York AG Letitia James has issued cease and desist notices to 54 companies for Medicaid fraud in the medical transport industry, with over $10 million recovered and 11 convictions.

Manhattan Community Board 4 has unanimously rejected a proposed $12 billion casino project in Hudson Yards, expressing concerns over its impact on the local area and housing.

New York rideshare drivers must file by January 31, 2025 to claim part of a $328 million settlement from Uber and Lyft for unpaid earnings and benefits.

Angi Services settles for $2.95 million over misleading ads about workers' pay and payment timing after a joint investigation by the New York AG and FTC.

A judge allows Cold Spring Hills nursing home, which is bankrupt and in debt of over $50 million, to borrow funds to pay its staff, thereby averting the evacuation of residents.

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.

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.