Daily business news in the Great State of New York!
NEW YORK — The Cumulus Coffee Company announced it will soon be introducing the first-ever solution for quickly making premium cold brew coffee at home. The company also has raised $20.3 million in seed funding led by Valor Siren Ventures and Valor Equity Partners, with participation from investors including Maveron, Starbucks founder Howard Schultz, Linden Ventures, Carter Reum, […]
Elon Musk, the world’s richest man, along with Vice President Kamala Harris are just some of the big names appearing at The New York Times DealBook Summit on Wednesday at Jazz at Lincoln Center. Musk is CEO of Tesla and also owner of X (formerly Twitter) and private rocket company SpaceX. He is worth over […]
NEW YORK — Kiehl’s, the NY-based apothecary skincare company, has formed an exclusive partnership with Instacart to launch same-day delivery from all 58 Kiehl’s store locations across the U.S. via the Instacart App and website, following its Canadian launch earlier this year. This partnership expands Instacart’s skincare and beauty offerings by giving customers access to […]
BUFFALO –– AireXpert, a provider of aerospace and aviation collaboration and automation solutions, has closed a $3 million oversubscribed investment round. This funding, led by Miami-based growth equity firm Reformation Partners, marks a significant milestone for AireXpert as it continues to redefine the landscape of technology for airlines and MRO (Maintenance, Repair & Overhaul) organizations. […]
NEW YORK — Medical imaging technology company Medmo has raised a $9 million funding round led by Lerer Hippeau, alongside existing investors Jerusalem Venture Partners (JVP), C2 Ventures and Stone IsraVentures. Several angel investors also participated, including Elliot Cohen, founder of PillPack (acquired by Amazon), and Klara (acquired by ModMed) Co-founders Simon Bolz and Dr. Simon Lorenz. The additional financing […]
NEW YORK — Returning for its 97th edition this year, The Macy’s Thanksgiving Day Parade will officially welcome the holiday season on Thursday, November 23 at 8:30 A.M. at the sound of the time-honored phrase 5, 4, 3, 2, 1…Let’s Have A Parade! For the first time in its long history, the parade will begin 30 minutes early […]
NEW YORK — The Department of Immunology and Immunotherapy and the Icahn Genomics Institute (IGI) at the Icahn School of Medicine at Mount Sinai have been awarded a $5 million grant from the National Cancer Institute (NCI) of the National Institutes of Health to establish a state-of-the-art center dedicated to the discovery and development of […]
Nassau County has agreed to renew for seven years its multi-year contract with Transdev to operate and maintain its bus service, the Nassau Inter-County Express or NICE Bus, from January 1, 2024. After a competitive bidding process was completed in January of this year, it was once again Transdev North America, whose initial contract began […]
NEW YORK — Nasdaq Inc. announced it has successfully completed the migration of the core trading system of Nasdaq GEMX, one of Nasdaq’s six options exchanges, to Amazon Web Services (AWS). The new cloud-enabled market infrastructure, which uses AWS Outposts, delivers up to a 10% improvement in latency and the ability to more seamlessly adjust […]
NEW YORK — Dr. Mariët Westermann has been appointed the new Director and CEO of the Solomon R. Guggenheim Museum and Foundation. She will direct its flagship museum in New York, overseeing the Foundation and the Peggy Guggenheim Collection in Venice, while providing collaborative leadership working with the directors of the Guggenheim Museum Bilbao, and […]
NEW YORK — Luxury French retailer Cartier has opened a new boutique, located at 102 Greene Street in New York City’s SoHo neighborhood. This is the third Cartier store in Manhattan. Cartier has a storied relationship with New York City and some of its most iconic creations were born here during the 1960s and 70s. […]
NEW YORK – New York City Mayor Eric Adams last week helped East End Studios to break ground on a film and TV-ready production studio in Sunnyside, Queens that will create nearly 1,000 construction jobs and roughly 750 permanent, full-time jobs. The studio is expected to be finished in early 2025. The start of construction […]
The busiest travel day of the year in the U.S. will be Sunday, November 26, 2023, according to a recent analysis by aviation analytics firm Cirium. More than 3,000,000 seats and 22,000 flights will be flown domestically in the U.S. on that date, higher than peak travel days in summer 2023. The major U.S. carriers […]
NEW YORK — Keychain, a manufacturing platform for the packaged goods industry, has raised $18 million in seed funding in a round led by Lightspeed Venture Partners, with participation from BoxGroup, Afore Capital, SV Angel, and over 20 CPG industry professionals. By building the world’s first comprehensive platform for the CPG supply chain, Keychain is […]
The New York State Thruway Authority has reopened to the public the new Schuyler Service Area (I-90 westbound mile marker 227) in Frankfort, NY. The location is the 12th new service area to open to Thruway customers as part of the $450 million project to redevelop and modernize all 27 Thruway service areas. The Seneca, Pembroke, New […]