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Persons: Dow Jones
"You've got to take them at their word that they want to get another 25" basis points, said the asset management giant's CIO of global fixed income. BlackRock fixed income chief Rick Rieder thinks the Federal Reserve can stop raising interest rates, though it probably won't. The fed funds rate, used as a benchmark for many forms of short-term debt, currently is targeted in a range between 5.25%-5.50%. "I love commercial paper," Rieder said. Rieder said he expects the Fed to start cutting at some point, but probably not until the latter half of 2024.
Persons: You've, you've, Rieder, Rick Rieder, Rebecca Patterson, Ray Organizations: Alpha, BlackRock, Economic Education, Delivering Alpha, Council for Economic Education, Bridgewater Associates, AA, Fed Locations: BlackRock
New York CNN —Business leaders are expressing alarm after Target became the latest retailer to blame crime for pulling the plug on stores. Target did not comment on this or provide data on theft at the stores. In addition to stores in Seattle, San Francisco, Oakland and Portland, Target is shutting down its East Harlem location in New York City. The Partnership for New York City, a powerful business alliance that includes major employers, is giving NYC officials some credit for fighting crime. Wylde said retail theft puts workers at risk and costs stores when it comes to security and lost inventory.
Persons: Tom Wickman, , , ” Wickman, ” Kathryn Wylde, Wylde, ” Wylde Organizations: New, New York CNN — Business, US Chamber of Commerce, CNN, ” Target, Commerce, Partnership, Wednesday, The Police Department Locations: New York, Philadelphia, Seattle, San Francisco, Oakland, Portland, Target, Harlem, New York City, York City
Who’s Gaining Ground in Ukraine? This Year, No One.
  + stars: | 2023-09-28 | by ( Josh Holder | ) www.nytimes.com   time to read: +10 min
Frontline on Jan. 1, 2023 Kyiv UKRAINE KHARKIV Dnipro River LUHANSK HELD BY RUSSIA DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK HELD BY RUSSIA DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK HELD BY RUSSIA DONETSK Zaporizhzhia KHERSON CRIMEA Kyiv UKRAINE KHARKIV Dnipro River LUHANSK Bakhmut DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Bakhmut DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Bakhmut DONETSK Zaporizhzhia KHERSON CRIMEA Kyiv UKRAINE KHARKIV Dnipro River LUHANSK Robotyne DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Robotyne DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK Robotyne DONETSK Zaporizhzhia KHERSON CRIMEA Kyiv UKRAINE KHARKIV Dnipro River LUHANSK DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro River LUHANSK DONETSK Zaporizhzhia KHERSON CRIMEA The front line in Ukraine changed little last winter. Amount of territory Russia gained 20,000 square miles 10,000 Russia’s winter offensive captured about 100 square miles per month. Amount of territory Ukraine gained Amount of territory Russia gained 10,000 0 10,000 20,000 sq. miles Amount of territory Ukraine gained Amount of territory Russia gained 10,000 sq. Since Jan. 1, Ukraine gained: 143 square miles Russia gained: 331 square miles Net gain: 188 square miles Since Jan. 1, Ukraine gained: 143 square miles Russia gained: 331 square miles Net gain: 188 square milesWhen all the territorial changes are added together, Russia controls an additional 100 square miles of Ukraine, compared to Jan. 1, 2023.
Persons: Jan, Marina Miron, “ It’s, , Ukraine’s, Miron, Abrams Organizations: RUSSIA DONETSK, DONETSK, Territory Russia, Ukraine, Ukraine’s, New York Times, Institute for, American, Kyiv, Queens, King’s College London, Challenger Locations: Ukraine, UKRAINE KHARKIV Dnipro, LUHANSK, KHERSON CRIMEA UKRAINE KHARKIV Dnipro, KHERSON CRIMEA, DONETSK Zaporizhzhia KHERSON CRIMEA UKRAINE KHARKIV Dnipro, DONETSK Zaporizhzhia KHERSON CRIMEA, LUHANSK DONETSK, Russia, Territory, Kherson, Kharkiv, Ukrainian, NYC, Kyiv, New York City, Ukraine’s, Switzerland, Crimea, Robotyne, Verbove, Britain
Julia Broome moved from LA to NYC and returned after 5 months, but she doesn't regret the experience. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Julia Broome, a 27-year-old social media manager who moved from LA to NYC. Yet NYC felt exciting and new, and with a job opportunity I couldn't pass up, I decided to make the move. But when I finally found a place and moved to Hudson Yards, my money definitely didn't stretch as far. Starting a job in NYCI'd moved to start a new job — a role I just couldn't pass up.
Persons: Julia Broome, , I'd, would've, she'd, Alyshia Organizations: LA, Service, New, Hudson Yards, Alyshia Hull, ahull@insider.com Locations: LA, New York City, New York, Calabasas , California, Hudson
Now, she must testify against her father and brothers Donald Trump, Jr., and Eric Trump, who remain as plaintiffs. AdvertisementAdvertisementThere are 25 witnesses in all on James' list, including Trump corporate employees, lenders, insurers, and appraisers, all compelled by subpoena to testify. The list indicates that on their direct defense case, Trump's side, too, intends to call Donald Trump and Eric Trump, who continues to manage the Trump Organization. They do not list Ivanka Trump and Donald Trump, Jr., as witnesses. The trial will determine whether the other defendants, including Eric Trump and Donald Trump, Jr., a Trump Org executive vice president and trustee, are also liable for fraud.
Persons: Trump, Letitia James, , Donald Trump, Ivanka Trump, she's, Donald Trump , Jr, Eric Trump, Donald Bender, Trump's, Bender, James, Mazars, Jeffrey McConney, Allen Weisselberg, Michael Cohen, Arthur Engoron, Donald Trump's, Engoron Organizations: Service, Trump Organization, Deutsche Bank, Trump Org's, Post, Mazars USA, Trump, New, Trump Org Locations: NYC, Manhattan, Washington, York, New York
Delta Air Lines Boeing 717-200 airplane as seen on the final approach landing at New York JFK John F. Kennedy International Airport, NYC, USA. "No question we probably went too far," Bastian said at the Rotary Club of Atlanta on Monday. The airline and rivals including American and United have been racing to build bigger airport lounges to cater to swelling numbers of big spenders. Bastian said the airline will announce the updated program changes in the coming weeks. A Delta spokesman declined to comment further on the changes.
Persons: New York JFK John F, Ed Bastian, Bastian, we've, It's, David Neeleman Organizations: Delta Air Lines Boeing, New York JFK, Kennedy International Airport, Delta Air, Rotary Club of Atlanta, Delta, American Airlines, Sky, American Express, JetBlue Airways, Medallion, Breeze Airways, JetBlue, CNBC Locations: New, NYC, USA, Delta, American, Atlanta
REUTERS/Arnd Wiegmann//File Photo Acquire Licensing RightsSept 28 (Reuters) - A New York state judge on Thursday rejected a bid by Uber Technologies Inc (UBER.N), DoorDash Inc and Grubhub Inc to block New York City's novel law setting a minimum wage for app-based delivery workers. The law will require companies to pay delivery workers $17.96 an hour, which will rise to nearly $20 in April 2025. App-based delivery workers are usually treated as independent contractors rather than company employees, so general minimum wage laws do not apply to them. They say city officials based the minimum wage law based on flawed studies and statistics. The companies allege the city's surveys of delivery workers were biased and designed to elicit responses that would justify a minimum wage.
Persons: Arnd, Nicholas Moyne, Moyne, Uber, Daniel Wiessner, Chris Reese, Aurora Ellis Organizations: REUTERS, Uber Technologies, DoorDash Inc, Grubhub Inc, New York, Companies, New York City Department of Consumer and Worker, Thomson Locations: Davos, Switzerland, York, Moyne, United States, Albany , New York
A user on X spotted NYC Mayor Eric Adams' attempt at making a heart with the new armless patrol robot. Adams unveiled the 5 feet 3 inches tall K5 patrol robot that weighs 400 pounds at a press conference on Friday. AdvertisementAdvertisementHonan's post has since racked up over 11 million views, and drawn reactions from a host of other users poking fun at the gesture and the city's new patrol robot. The new patrol robot is already drawing some criticism. The New York City police department and mayor's office did not immediately respond to requests for comment, sent outside regular business hours.
Persons: Eric Adams, Adams, Katie Honan, Twitter —, Albert Fox Cahn Organizations: Service, New York City, Twitter, New York Police Department, Technology, New York Times, Boston Dynamics, New Locations: Wall, Silicon, New York City
Biden continues to struggle with voters over his handling of immigration at the US-Mexico border. A new Washington Post-ABC News poll showed that 62% disapproved of his efforts on the issue. Biden's relationship with NYC Mayor Eric Adams has noticeably cooled as the city struggles to house migrants. In a newly released Washington Post-ABC News poll, only 23% of registered voters approved of Biden's handling of immigration at the southern border, compared to 62% of respondents who disapproved. AdvertisementAdvertisementIn February, 28% approved of Biden's handling of immigration, compared to 59% of respondents who disapproved, a reflection of the administration's continued struggles on the issue.
Persons: Biden, NYC Mayor Eric Adams, Joe Biden, Donald Trump, Greg Abbott of, Biden —, United States —, Eric Adams, Adams Organizations: Washington Post, ABC, NYC Mayor, Service, Republican Gov, Democratic, New York City Locations: Mexico, Wall, Silicon, Greg Abbott of Texas, Chicago, Los Angeles, New York, United States, Manhattan
A look at a new breed of private clubs in NYC
  + stars: | 2023-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA look at a new breed of private clubs in NYCCNBC's Robert Frank reports on a new breed of private clubs in NYC where super-wealthy socialize outside the public eye.
Persons: Robert Frank
A disgraced ex-FBI agent just pleaded guilty in a second criminal case against him. McGonigal previously pleaded guilty to helping a sanctioned Russian oligarch. McGonigal admitted in Washington DC federal court to falsifying records and making false statements about the $225,000 he got while working sensitive cases for the FBI. The disgraced FBI pleaded guilty to one count of concealment of material facts as part of a deal with federal prosecutors. McGonigal pleaded guilty last month in the New York case to charges of money laundering and conspiracy to violate sanctions.
Persons: Charles McGonigal, McGonigal, FBI spyhunter, , Oleg Deripaska Organizations: FBI, Service, Washington DC, Putin Locations: NYC, Russian, Wall, Silicon, Washington, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple CEO Tim Cook visits NYC flagship store as iPhone 15 goes on saleTim Cook visited Apple's Fifth Avenue store in New York to celebrate the global release of the iPhone 15. Analysts are eager to see if the new iPhones can reignite the global smartphone market.
Persons: Tim Cook Organizations: NYC Locations: Apple's, New York
It’s almost like the climate crisis has gotten itself a new team of publicists, judging from the boggling array of sessions, panels, VI.P. dinners, workshops and fireside chats happening this week as part of Climate Week NYC. This was in addition to two sold out Earth-focused drag shows, “SAVE HER!” hosted by the eco-drag queen Pattie Gonia, and the spectacle of Prince William wading into New York’s East River to visit the Billion Oyster Project, which works to restore reefs using mollusks. There were hundreds of less glittery events too, focused on decarbonizing agriculture, deforestation-free cattle ranching, carbon removal, environmental justice, food waste, green steel and session after session on climate finance and climate tech. Chaotic, sprawling, and borderline circuslike, Climate Week NYC, which officially runs from Sept. 17 to 24, is in many ways a showcase of human innovation, the countless ways people in many industries are working to slow and potentially reverse the enormous harms humans have done to the planet.
Persons: Pattie Gonia, Prince William Locations: Climate, New
What fewer riders mean for NYC's subway
  + stars: | 2023-09-21 | by ( Shawn Baldwin | Jeniece Pettitt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat fewer riders mean for NYC's subwayRemote work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator, the Metropolitan Transportation Authority. Fare evasion has taken its toll on the transit authority too, costing the MTA $690 million last year including $285 million on its subways.
Organizations: Metropolitan Transportation Authority Locations: New York
Why NYC’s subway is struggling
  + stars: | 2023-09-21 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator, the Metropolitan Transportation Authority. The number of paying weekday subway riders averaged 3.6 million in June, according to the MTA, compared with daily ridership of almost 5.5 million in 2019. Inflation and transit crime have also impacted subway ridership. The MTA is the operator of New York's more than 6,400 subway cars, more than 5,700 buses, two of the country's busiest commuter trains, and multiple bridges and tunnels. So when will New York City subway riders return in greater numbers?
Persons: Sarah Kaufman, New York University Rudin, they're Organizations: Metropolitan Transportation Authority, New York University, New York University Rudin Center for Transportation, New Locations: New York, New York City
REUTERS/Angus Mordant/File Photo Acquire Licensing RightsNEW YORK, Sept 19 (Reuters) - A federal judge on Tuesday said DoorDash (DASH.N), Grubhub (TKWY.AS) and Uber Eats (UBER.N) can sue New York City over a law capping how much they can charge restaurants for delivering meals. "Good news from New York City," CEO of Grubhub's parent company Just Eat Takeaway, Jitse Groen, wrote on X, formerly known as Twitter. Woods said the plaintiffs adequately alleged that the law unconstitutionally interfered with their ability to collect higher commissions under their contracts with restaurants. The plaintiffs have said commission caps would necessitate higher delivery fees, resulting in higher prices for consumers and less revenue for restaurants. The case is DoorDash Inc et al v City of New York, U.S. District Court, District of New York, No 21-07564.
Persons: Angus Mordant, DoorDash, Gregory Woods, Nicholas Paolucci, Grubhub, Jitse Groen, Woods, Jonathan Stempel, Diana Mandiá, Mark Potter, Timothy Gardner Organizations: REUTERS, New, Constitution, New York, City Council, Council, Twitter, Thomson Locations: Manhattan , New York, U.S, New York City, Manhattan, New York, Amsterdam, San Francisco, City of New York, Gdansk
Environmental groups slammed Elon Musk's X app, formerly known as Twitter, in a report Wednesday ranking social media platforms on their approach to climate change misinformation. Before Musk bought Twitter last year, the app said it banned advertisements that "contradict the scientific consensus on climate change." In a statement responding to the climate scorecard, YouTube said: "Our climate change policy explicitly prohibits the monetization of content that denies the existence of climate change, as well as ads that promote these claims. Debate or discussions of climate change topics, including around public policy or research, is allowed, but when content crosses the line to climate change denial, we stop showing ads on those videos. In general, our systems also don't recommend or prominently surface content that includes climate change misinformation."
Persons: Elon, it's, Musk, Erika Seiber, Pinterest, TikTok, they've Organizations: WWF International, General, Twitter, Elon, NBC News, Meta, YouTube, LinkedIn, Social, Facebook, New York Times Locations: San Francisco , California, Scotland, Patagonia, Spanish
Airbnb is cracking down on fake listings. The platform said it had removed 59,000 fake listings this year and prevented another 157,000 from getting on the site. The company says it has removed 59,000 fake listings and prevented another 157,000 from joining the platform this year alone. Fake listings and high cleaning fees are among several issues that Airbnb users highlighted in a company survey, the rental platform said Wednesday. AdvertisementAdvertisementAside from fake listings, Airbnb has had to contend with more stringent regulations in places like New York City.
Persons: there's, Airbnb, Brain Chesky, Chesky Organizations: Service, Airbnb Locations: Wall, Silicon, United States, United Kingdom, U.S, Canada, France, Australia, New York City, San Francisco
Prince William flew to New York on Monday for a two-day visit during which he attended the second Earthshot Prize Innovation Summit, an event which coincides with both Climate Week NYC and the 78th session of the UN General Assembly, and where the finalists were unveiled. Prince William speaks with kids as he visits Billion Oyster Project in New York City on Monday. Cindy Ord/Getty ImagesUpon touching down at Newark Airport on Monday, the Prince of Wales said it was good to be back in the US. “No one does optimism and ingenuity like the American people, so it’s only right we unveil this year’s Earthshot finalists in New York City,” William said. And vital.”The five Earthshot categories and finalists are:Protect and Restore NatureAccion Andina - Peru: A grassroots project working across South America to protect native forest ecosystems across the Andes.
Persons: Prince, Prince William, John F, Cindy Ord, Wales, ” William, , Kennedy Organizations: London CNN, UN, Assembly, Royal Foundation, Getty, Newark Airport, Air, US, Global, Technologies, Circ Inc Locations: Wales, New York, Singapore, United States, New York City, Peru, South America, Freetown, Tree, Sierra Leone, Council, Belterra, Brazil, Poland, United Kingdom, Hong Kong, South Africa, India
Building begins on facility linking Canada hydropower to NYC
  + stars: | 2023-09-19 | by ( ) www.reuters.com   time to read: +2 min
New York Governor Kathy Hochul speaks during a campaign rally with other New York Democrats, in Yonkers, New York, U.S., November 6, 2022. The 340 mile (547 km) transmission line is a proposed underwater and underground high-voltage direct current power transmission line to deliver the power from Quebec, Canada, to Queens, New York City. The converter station for the line will be the first-ever transformation of a fossil fuel site into a grid-scale zero-emission facility in New York City, its backers say. Once the construction is completed, it will convert 1,250 megawatts of energy from direct current to alternating current power that will be fed directly into the state's power grid. The converter station is a step towards New York’s target for 70% of the state’s electricity to come from renewable sources by 2030.
Persons: Kathy Hochul, Kevin Lamarque, Champlain, ” Hochul, Ashitha, Timothy Gardner Organizations: New, New York Democrats, REUTERS, Tuesday, Champlain Hudson Power Express, Hydro, Workers, Thomson Locations: Yonkers , New York, U.S, New, New York City, Quebec, Canada, Queens , New York City, Montreal, Astoria, Queens, Bengaluru
NYC hotel rates to go upNew York City has more than enough hotels to meet traveler demand, Davis said, citing an unprecedented supply of new hotel rooms in the city. "Since 2020, 10,000 new hotel rooms have been delivered, and over the next couple of years, another 10,000 new hotel rooms will be delivered to the city," he said. "So there's absolutely more than enough supply of hotel rooms to accommodate all the tourists that want to come to New York City." Knock-on effectFrom London to Paris and Dubai, cities across the world have regulated short-term rental markets. "It's certainly possible that they could follow the lead of New York City," Davis said.
Persons: we've, Kevin Davis, Davis, CNBC's Mandy Drury Organizations: Associated Press, New York City, JLL, Hospitality's, Google, New, & ' Locations: New York City, New York, Hospitality's Americas, airfares, United States, U.S, airfare, London, Paris, Dubai
New York City is getting serious about its laws on rentals and hotels. Tourists might have a hard time finding a place to stay in New York City. "We could see fewer budget travelers but more tourists willing to spend on regulated high-quality accommodations," he said. AdvertisementAdvertisementThe Airbnb law especially is a big change. Still, New York City will always draw tourists.
Persons: aren't, Steve Turk, Turk, you'll, Razonie Napier, he'd, Napier, That's Organizations: Service, Wired, Apple, Turk Hospitality, Special Enforcement, New Yorker Locations: York City, New York City, Wall, Silicon, New York, York, New, Lower, Coney Island , Brooklyn, , New York City, Omaha
Anthony Capone, CEO of DocGo, falsely claimed to have a degree in artificial intelligence in his company profile. Clarkson University confirmed to Insider that there is no record of the CEO earning a degree there. Capone acknowledged that his profile contained false information in a statement to the Times Union on Thursday. Specifically, it has come to my attention that my public biography erroneously states that I hold a bachelor's degree from Clarkson University. "I must clarify immediately: I do not have a master's degree from Clarkson University nor from any other institution.
Persons: Anthony Capone, DocGo, Capone, , Anthony Alexander Capone Organizations: Clarkson University, Service, Times Union, Securities, Exchanges Commission, NYC, New York Times, New, Times, State University of New, Potsdam Locations: Wall, Silicon, NYC, New York, New York City, State University of New York, Potsdam
Members of the Writers Guild of America East are joined by SAG-AFTRA members as they picket at the Warner Bros. The Writers Guild of America said Monday that the union will resume negotiations with Hollywood studios on Wednesday as a shutdown of productions across the TV and movie business drags on. The union told its members to continue joining picket lines as the talks resume. In a first for visual effects workers, Marvel Studios VFX artists voted unanimously last week to join the International Alliance of Theatrical Stage Employees union. Elsewhere, actor Drew Barrymore and comedian Bill Maher faced widespread criticism when they announced the return of their talk shows despite the WGA strike.
Persons: Drew Barrymore, Bill Maher, Barrymore, Maher Organizations: Writers Guild of America, SAG, Warner Bros, Discovery, The, Guild of America, Hollywood, WGA, Alliance, Television Producers, Marvel Studios, International Alliance, Employees, Marvel, Disney Locations: New York City, Hollywood
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