Daily business news in the Great State of New York!
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 […]
Big Four accounting firm EY announced that Janet Truncale has been elected the firm’s next Global Chair and CEO, effective 1 July 2024. Janet will succeed current EY Global Chair and CEO Carmine Di Sibio, who is stepping down. She will be the first female CEO in EY (formerly Ernst & Young) history. Truncale is […]
NEW YORK — J.P. Morgan Private Bank has launched the Fund Banking Group, a division of the U.S. Private Bank’s business focused on the banking, lending and investing needs of private equity and venture capital funds and their principals. This new division combines the experience of First Republic’s historical fund business with the Private Bank’s […]
NEW YORK — Glencoco, a marketplace that connects companies with business development consultants to generate qualified opportunities, is coming out of stealth mode with $3 million in capital led by Felicis and Crossbeam. Liquid 2 Ventures, Browder Capital, SOMA Capital, Gold House Ventures, and angels/advisors from Stripe, and the former VP of Product at Roblox […]
Home goods chain Crate & Barrel has unveiled a new flagship location in the Flatiron district of New York City. Entering the brand’s first-ever immersive design store, customers can shop the brand’s classic whole home design surrounded by personalized experience. The store features a selection of artisanal home goods exclusive to this store, located at […]
NEW YORK — The advertising firm TBWA has announced the promotion of Erin Riley to CEO of TBWA\Chiat\Day United States, effective immediately. In her new role, Riley will oversee offices in Los Angeles, Nashville and New York and is charged with the continued growth of the agencies in the US. Riley has been with the collective since June of […]
Governor Kathy Hochul announced the Metropolitan Transportation Authority (MTA) hit one billion trips on the New York City subway in 2023. The billionth customer was identified as Brian Jones (pictured above) from Teaneck, NJ, who tapped into the subway system at 175 St A station at 10:54 a.m. This milestone comes six weeks earlier than […]
NEW YORK — The law firm of Cahill Gordon & Reindel LLP has announced that seven lawyers have been elected to the partnership and four new counsel, effective January 1, 2024. “We are thrilled to welcome these seven outstanding lawyers to our partnership,” said Herbert S. Washer, Cahill’s Executive Committee Co-Chair. “Each brings a unique and extraordinary […]
NEW YORK — The New York Stock Exchange (NYSE), part of Intercontinental Exchange, Inc. announced the 2026 holiday calendar and early closing dates for its cash equity markets: New York Stock Exchange, NYSE American Equities, NYSE Arca Equities, NYSE Chicago, and NYSE National, as well as the NYSE American Options, NYSE Arca Options and NYSE […]
Goldman Sachs executives announced that 608 employees across 44 offices have been invited to become managing directors of the Firm as of January 1, 2024. Goldman Sachs’ CEO David Solomon and President John Waldron revealed the news in a company-wide e-mail posted online: “The Managing Director Class of 2023 comprises an exceptional group of individuals […]
NEW YORK – Private equity firm General Atlantic has entered into an agreement to acquire a majority interest in Denmark-based Joe & the Juice, a fast-growing freshly-made juice, coffee, and sandwiches chain, from Valedo Partners, which will fully exit its investment in the Company. General Atlantic first partnered with Joe & the Juice through a […]
JERSEY CITY, NJ – Whole Foods Market, a division of Amazon, has officially opened a new 51,156-square-foot store, located at Washington Street and Columbus Drive in Jersey City, N.J. this past Wednesday. This is the retailer’s first store in Jersey City, and its design aesthetic is inspired by the city’s love of art. With graphics representing […]
NEW YORK — The Lawn Club has opened its doors in Lower Manhattan’s historic Seaport neighborhood. Located at 1 Fulton Street, Lawn Club is a place for socializing while playing lawn games with a drink in-hand. Lawn Club offers a mix of camaraderie and competition for all levels, set in a vibrant ambiance and paired with […]