Daily business news in the Great State of New York!
This summer has been hot and mostly dry with more hot weather forecast for the next week. Governor Kathy Hochul has directed the New York State Department of Environmental Conservation to issue a drought watch for 21 New York counties mostly in Western New York and Long Island after consulting with the State Drought Management […]
Toy and game maker Hasbro is teaming up with The NY Times and its popular Wordle game to make a physical board game that will go on sale in October. Inspired by the popular digital version from New York Times Games, Wordle: The Party Game is a brand-new product that delivers classic Wordle gameplay, but now in […]
The NY Times has opened its first bureau in Ukraine in the capital of Kyiv and named Andrew Kramer [photo above] as the first bureau chief. Russia first launched attacks on Ukraine on February 24 and fighting has continued in the country since. In an announcement posted on the company website, the NY Times said […]
Jewelry maker Pandora announced that the company will open an office in New York in September 2022 for its U.S. hub. Located in Manhattan, the new hub will deploy as a temporary space this fall, followed by a permanent space in the summer of 2023. The office will support approximately 150 full-time corporate employees. A […]
Rensselaer Polytechnic Institute (RPI) — a research university in Troy, NY — has introduced the Rensselaer Institute for Data, Artificial Intelligence, and Computing (DAIC). The goal of the Institute is to become the primary academic center in the country for advancing new computational paradigms, including those that are a hybrid of conventional, neuromorphic, and quantum […]
The U.S. Department of Transportation has reassigned 16 peak-hour runway slots, previously operated by Southwest Airlines, at Newark-Liberty International Airport to Spirit Airlines. The DOT said it made this action to keep low-cost service options for Newark customers and improves competition in the Newark market, which was affected when Southwest Airlines discontinued service there. The […]
ALBANY – Mortgage rates surged to over five percent in May and home prices continued their upward climb across the Empire State, based on data from the New York State Association of Realtors. According to Freddie Mac, the monthly average on a 30-year fixed-rate mortgage soared from 4.98 percent in April 2022 to 5.23 percent […]
The Securities and Exchange Commission (SEC) has charged Big Four accounting firm Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the Division’s investigation of the matter. EY […]
Paramount+, the global streaming service from Paramount Global (formerly ViacomCBS) announced its investment in internationally originated content with a slate of original series that will debut around the world, a first step towards the streamer’s plan to commission 150 international originals by 2025. The news comes as Paramount+ will make its debut in UK and […]
Bitcoin has seen its value plunge Monday after a lending site Celsius Network halted withdrawals on its network. Celsius, with 1.7 million customers, lets users swap and earn interest on Bitcoin deposits. The company said it would pay at much as 18.6% on deposits but has now halted withdrawals due to a liquidity problem. Below […]
NEW YORK – The Real Estate Board of New York (REBNY) has released its latest Spring 2022 Manhattan Retail Report focused on market activity during the last six months. The report finds that leasing velocity improved in more retail corridors across Manhattan. Prime storefronts on high-traffic streets like Prince Street in SoHo and Upper Madison Avenue were […]
Rensselaer Polytechnic Institute (RPI) and the Icahn School of Medicine at Mount Sinai are partnering in the creation of the Center for Engineering and Precision Medicine (CEPM) in New York City, one of the first centers in the nation to bridge engineering and engineering science with medicine. The partnership will build on a wealth of […]
MALTA, NY – GlobalFoundries Inc. (GF) and Motorola Solutions have announced a long-term agreement to safeguard the supply of innovative chip solutions for Motorola Solutions’ radios, which are widely used by public safety, critical infrastructure and enterprise organizations across the world. Chicago-based Motorola Solutions is a leading global provider of two-way radios for first responders, […]
In the near future, you may no longer need to fumble in your pockets for your wallet to make a payment, just use a quick smile or a wave of your hand. The technology that uses your face or fingerprint to unlock your phone can now be used to help consumers speed through the checkout. […]
NEW YORK — Gurney’s Montauk Resort in the Hamptons has unveiled a renewed Seawater Spa after an extensive $20 million dollar renovation focused on holistic wellness, innovation, and sustainability. The 30,000 square foot well-being destination features the only ocean-fed seawater pool in North America, a full bathhouse experience including a caldarium, thermae baths, sauna and steam, a […]