Daily business news in the Great State of New York!
NEW YORK — NFL players will receive $393.8 million in Performance-Based Pay for their performance during the 2023 season, the NFL announced today. The Performance-Based Pay program is a collectively bargained benefit that compensates all players based upon their playing time and salary levels. The money goes mainly to players who earn near the minimum […]
NEW YORK — Betterment, the largest independent digital investment advisor in the United States, has reached an agreement with Goldman Sachs to acquire Marcus Invest’s digital investing accounts. Marcus Invest, which offers digitally customized investment portfolios to consumers, will transfer these accounts to Betterment in the coming months. Marcus Invest will shut down. Terms of the agreement were […]
NEW YORK — HUE, the NYC-based apparel brand known for its legwear, is expanding into the footwear category with the launch of a new line of shoes, “Liflats”. These stylish and comfortable flats are designed with arch support (a lift) to promote better overall health. The new collection is set to go on sale this month. Founded […]
The James Beard Foundation has released its nominees for Best Chef Awards and Best Restaurant. Winners will be celebrated at the James Beard Restaurant and Chef Awards ceremony on Monday, June 10, 2024 at the Lyric Opera of Chicago. For Best Emerging Chef, there are two nominees from NY State out of five total: Fariyal […]
NEW YORK — Celebrating the 40th anniversary of The Glaucoma Foundation, former CBS Late Show host David Letterman was front and center at TGF’s April 18th Gala in New York City, where he received the Foundation’s inaugural Chairman’s Spotlight Award. TGF Chairman Gregory K. Harmon, MD said, “This new award puts a spotlight on the transformative effect individuals can […]
IBM announced the availability of Meta Llama 3 — the next generation of Meta’s open large language model — on its watsonx AI and data platform. This expands IBM’s watsonx.ai model library to help enterprises innovate with its in-house Granite series of models, as well as those from leading model providers like Meta. The addition of […]
Governor Kathy Hochul announced that construction is getting underway on projects that will enhance safety and travel conditions at several locations across Long Island, marking a $27 million investment by the State Department of Transportation that will create approximately 350 jobs during construction. These projects include renewing, modernizing and easing traffic conditions at intersections on […]
NEW YORK — Foot Locker, the national sneaker chain, has unveiled a new retail concept at its Willowbrook Mall location in Wayne, NJ, and will incorporate learnings from this concept into new stores. At Foot Locker, the retail store experience is the heart of sneaker culture. Informed by customer insights, this “store of the future” […]
BROOKLYN — Anthropologie Group’s home and garden brand, Terrain, has opened at Brooklyn Botanic Garden (BBG) a new immersive retail experience located within BBG’s storied 52-acre landscape. The partnership is rooted in a shared passion for horticulture and both partners’ authority in their respective domains. It is the first store of its kind for Terrain and a […]
NEW YORK – New York City is launching LockerNYC, a free pilot program that will utilize lockers installed on public sidewalks throughout multiple boroughs to allow New Yorkers to receive secure package deliveries. Statistics show that 80 percent of households in New York City receive at least one delivery per week and 20 percent receive four […]
The Federal Trade Commission today sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed, the FTC says the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands. […]
NEW YORK — JetBlue has announced several leadership and organizational updates at the New York-based airline: Daniel Shurz has been named JetBlue’s new head of revenue, network, and enterprise planning. Over the past 20 years Shurz has served as vice president, network planning for Air Canada and senior vice president, commercial for Frontier Airlines, and held strategy […]
NEW YORK – NYC Mayor Eric Adams unveiled new details and renderings of a once-in-a-generation office tower at 350 Park Avenue that will be home to more than 6,000 jobs in Midtown Manhattan. After filing an application with the New York City Department of City Planning, Vornado Realty Trust, Kenneth Griffin, and Rudin are advancing a […]
ALBANY – Once again, housing inventory across New York State fell to another record low in March, according to the housing report released by the New York State Association of REALTORS. Inventory of homes across the Empire State fell 14.7 percent in March – from 28,060 units in 2023 to a record-setting low of only […]
WHITE PLAINS — Demand for all types of housing remains high in the lower Hudson Valley. Single-family home sales in March continued to decline, with the Bronx experiencing the largest decrease of almost 30%, followed closely by Orange County with a 28.8% drop from this time last year. All other areas experienced double-digit declines in […]