Business Archives - The New York

Business

Three World Trade Center Lands Glasshouse Event Space in Major Lease Deal

IBM Shares Plunge 27% as AI Spending Shift Disrupts Legacy Software Business

Manhattan Luxury Real Estate Market Cools as Pied-à-Terre Tax Takes Effect

JPMorgan Chase Posts Record $21.2 Billion Profit as Wall Street Earnings Soar

CEO Pay Rises Nearly 6 Percent in 2025 as New York Corporate Leaders See Record Compensation Packages

Fox Corp to Acquire Roku in $22 Billion Deal, Reshaping New York’s Streaming and Media Landscape

Midwood Investment Acquires Downtown Brooklyn Office Building for $9.5 Million from Nakash Family

12 States Challenge Paramount’s $81 Billion Warner Bros. Discovery Takeover in Antitrust Lawsuit

Wall Street Earnings Optimism Drives Stock Rebound Despite Middle East Tensions

New York Media Outlets Seek Serious Sanctions Against OpenAI in Copyright Lawsuit

New York Fed’s John Williams Sees Inflation Easing as Interest Rate Debate Intensifies

Micron Pours First Concrete on $250 Billion New York Semiconductor Megafab

IMF Projects Slower Global Growth for 2026: New York Financial Sector Braces for Commodity-Driven Headwinds

Trinity Church and Settlement Housing Fund Announce 120-Unit Affordable Housing Tower in Lower Manhattan

New York Historical Opens Tang Wing for American Democracy: 71,000-Square-Foot Expansion Debuts on Central Park West

New York Business Exodus Accelerates in 2026: Major Firms Relocate Headquarters to Sun Belt States

Egg Producers to Pay $3.3 Million in Price-Fixing Settlement Involving New York

Meta Shares Surge on Plan to Sell Excess AI Computing Power

Microsoft Prepares Thousands of Job Cuts in Third Major Layoff Round

World Cup Hotel Revenue Falls Short of Projections for NYC

Empire State Development Announces 2026 MWBE Regional Opportunities Expo

Brown Advisory to Double NYC Office Space, Names New Leader

NYC Backs Off Storefront Gate Rule for Small Businesses

World Cup Hotel Revenue Falls Short of Projections for NYC

Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI in Musk’s Second Legal Loss

Apple Warns Price Increases Are ‘Unavoidable’ as AI Boom Drives Up Chip and Infrastructure Costs

Robinhood Cuts 10 Percent of Workforce in Restructuring Amid Shift to Leaner Operations

Wall Street Rallies on US-Iran Peace Deal as S&P 500 Nears Record High

Bernard Arnault’s Media Empire Draw Scrutiny as LVMH Acquires French Business Press

US Inflation Rises to Three-Year High as Iran Conflict Ripple Effects Hit Consumer Prices

SpaceX Overtakes Amazon as World’s Fifth Most Valuable Company Ahead of Landmark IPO

Waymo Driverless Taxis Face Political Roadblocks Across Major US Markets

NYC Storefront Vacancy Rate Near Pre-Pandemic Levels But Pockets of Distress Persist, Comptroller Report Finds

Shaver Hall Food Hall to Open at Landmarked Lord & Taylor Building on Fifth Avenue

Second Avenue Subway Phase 2 Breaks Ground as East Harlem Gets Long-Awaited Q Train Extension

Amtrak Unveils First Renderings of Redesigned Penn Station as $8 Billion Overhaul Advances

New York Fed Survey Shows Inflation Expectations Largely Unchanged in May

Empire State Realty Trust Acquires Scholastic SoHo Building for $386 Million

Wall Street Holds Steady as AI Stocks Recover From Recent Sell-Off

Knicks NBA Finals Run Sparks Economic Boom for New York Businesses

Japan Nikkei Hits Record High as Asian Markets Rise Despite Middle East Uncertainty

Oil Supply Recovery Could Take a Year, Adnoc Executive Warns at London Conference

Anthropic Files for IPO as AI Sector Enters New Commercial Phase

S&P 500 Closes Above 7,600 for First Time as Markets Near Longest Winning Streak Since 1985

Brooklyn Navy Yard Expansion Adds 2.5 Million Square Feet of Industrial Space

New York’s Hotel Sector Posts Strongest Quarter Since 2019 as International Travel Surges

New York FinTech Scene Draws Record Venture Capital as AI Compliance Tools Take Off

Manhattan Office Vacancy Hits Record as Remote Work Reshapes Midtown Corridor