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In this article CMGMCDWENPZZA Follow your favorite stocks CREATE FREE ACCOUNTA McDonald's restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBCRestaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. While most restaurant companies crushed earnings expectations, a number of them fell short of Wall Street's estimates for their quarterly revenue. McDonald's and Wingstop both reported second-quarter earnings, revenue and same-store sales growth that topped analysts' expectations, a rarity this quarter for restaurant companies. One fast-casual chain has struggled with consumers' value perception.
Persons: Adam Jeffery, hasn't, Papa John's, TD Cowen, Andrew Charles, Burger, Wendy's, Jeffrey Bernstein, bode, Chris Kempczinski, Todd Penegor, Wingstop, Michael Skipworth, Chipotle, Jack Hartung, Noodles Organizations: CNBC Restaurant, Promotions, Investors, CNBC, Restaurant Brands, Barclays, Company Locations: NYC, Chipotle, Texas
Chef's Table at Brooklyn Fare, the iconic three-Michelin-star tasting restaurant by chef César Ramirez, quietly ceased operations in July. Chef's Table at Brooklyn Fare is one of New York's most hallowed culinary institutions. A former employee at Chef's Table at Brooklyn FareBut beneath the restaurant's pristine stainless-steel surface, chaos was brewing. By 2011, Chef's Table had become one of only 138 restaurants worldwide to boast three Michelin stars. This year, Chef's Table at Brooklyn Fare was the highest-ranked US restaurant on the 2023 World's 50 Best Restaurants' list.
Persons: César Ramirez, hasn't, Ramirez, Moneer, Moe, Issa, I'd, Ramirez's, Conti, David Bouley's, Le Bernardin, Per, Chef César Ramirez, Jamie McCarthy, WireImage, Joshua David Stein, Grub, Ramirez freaked, he'd, didn't, Pete Wells, Issa didn't, Adriana, Issa's, Heidi, , Domaine, disrespected, Spencer Platt, Cesar, Issa wouldn't, commenter Organizations: Brooklyn, Brooklyn Fare, Manhattan Fare Corp, Chef's, Pepsi, GQ, Michelin, Madison, New York Press, Guardian, Staff, New York Times, York, Madison Park Locations: Hokkaido, Los Angeles, New York, Brooklyn, Burgundy, Israeli, Hill, Mexican, Chicago, West, Madison, Masa, Kaluga Queen, Russia, Asia, Kings County, Clinton Hill, Taiwan, York
NYC bans TikTok on government devices
  + stars: | 2023-08-17 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +1 min
New York City banned TikTok on government-owned devices on Wednesday, pointing to security concerns that have made the app a target of bipartisan scrutiny across the country. Congress already voted to ban TikTok on federal devices last year and several states have taken similar steps. City agencies have 30 days to remove the app from government-owned devices. Still, broader action against TikTok beyond government-owned devices has remained elusive. TikTok did not immediately respond to CNBC's request for comment on the NYC ban.
Persons: Eric Adams, TikTok Organizations: U.S . Conference, Mayors, Washington , D.C, New York City, NYC City Hall, WNBC, ., CNBC, YouTube Locations: New York, Washington ,, China
While live-in landlords are far from a novel concept, the pandemic-era fever around passive income and real-estate investing has sparked a rise in the popularity of house hacking. While Turner's initial strategy emphasized small multifamily buildings, some house hackers applied the concept to single-family homes. In 2019, he published a book called "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom." And I think house hacking is one obvious way to eliminate, or at least drastically reduce, what likely is your largest expense." "Yeah, it's called 'house hacking," the owner and roommate, also played by Jarman, who has 4 million followers, replies.
Persons: Kelly Clark, Clark, scoffed, TikTok, Zers, Brandon Turner, Turner, Ryan Lehman, Lehman, Brandon, I'm, Craig Curelop, BiggerPockets who's, Curelop, influencer Addison Jarman, renter, it's, Jarman, Jay Parsons, John Liang, TikToker, Liang, , It's, doesn't, Insider's Daniel Geiger, she'd, James Rodriguez Organizations: Federal Housing Administration, BiggerPockets, Census, YouTube, RealPage Locations: Spokane , Washington, Silicon, millennials, Seattle, Spokane
An NYC apartment without a sink is available to rent, according to a TikTok video tour. The studio costs $2,500 per month, the realtor said in the video. NYC Sales & Rentals, which has the username @rentnewyork on TikTok with over 742,000 followers, showed a video tour of the studio apartment on August 3. "Tiny NYC Studio Apartment Tour," the caption on the video reads. The average rental price for a studio in Manhattan was $3,278, or $4,443 for a one-bed apartment, the data shows.
Persons: Frederick Peters, Peters, Miller Samuel, Douglas Elliman Organizations: Service, Rentals, NYC Sales, Forbes Locations: Wall, Silicon, York City, Midtown West, New York, Manhattan
New York City on Wednesday joined a wave of states and federal agencies in banning TikTok from government-owned devices based on security concerns, snuffing out some popular city-run TikTok accounts in the process. Jonah Allon, a spokesman for Mayor Eric Adams, said in a statement that the city’s Cyber Command determined that the app “posed a security threat to the city’s technical networks.” City agencies must remove the app within 30 days and employees will lose access to TikTok and its website from city-owned devices and networks. The TikTok accounts of Mr. Adams, the city’s Department of Sanitation and the Department of Parks and Recreation all updated their bios with this message: “This account was operated by NYC until August 2023. It’s no longer monitored.”Numerous government officials have been restricting access to TikTok in reaction to concerns that the app, which is owned by the Chinese company ByteDance, could give Beijing access to sensitive user data. New York State has banned TikTok on state-issued mobile devices for more than three years, with some exceptions.
Persons: Jonah Allon, Eric Adams, Adams, It’s Organizations: Wednesday, Command, city’s Department of Sanitation, Department of Parks, Recreation, New York State Locations: York City, City, Beijing
I didn't know a single person in Montana, but after I visited Bozeman, something about it felt like home. I had a big title but a terrible bank account and felt trapped. I look back on my life in NYC and see how anxious and exhausted I was. People are aware of you in a way that they aren't in a big city, where you can blend in. Buying a house in MontanaLester with her friends at her house in Montana.
Persons: Shallon Lester, she's, I've, Lester, Christian Dior, I'm, Montana Lester, Shallon Lester I lucked, Montana I've, I'd, Guys I've, haven't, it's, Lauryn Haas Organizations: Service, Lean, lhaas Locations: New York City, Bozeman , Montana, Montana, Wall, Silicon, California, Bozeman, Manhattan, Manhattan . Bozeman, NYC, Bozeman I'm, Los Angeles
NEW YORK, Aug 14 (Reuters) - Basswood Capital, Adage Capital Partners and Paul Tudor Jones' Tudor Investment Corp were among the hedge funds that took new positions in real estate investment trusts that specialize in New York City office space last quarter, despite questions over how long work-from-home policies will weigh on the market, securities filings released on Monday showed. Basswood Capital purchased roughly 360,000 shares of Vornado Realty Trust and nearly 72,000 shares of SL Green, while Adage Capital Partners bought 205,000 shares of SL Green. Tudor Investment Corp bought nearly 152,000 shares of SL Green. Shares of Vornado are up nearly 7% for the year to date, while shares of SL Green are up slightly less than 1%. Basswood, Adage Capital, and Tudor Investment Corp did not respond to requests for comment.
Persons: Paul Tudor Jones, KBRA, David Randall, Richard Chang Organizations: Basswood, Capital Partners, Tudor Investment Corp, Basswood Capital, Vornado Realty Trust, SL Green, SL, New, Reuters, Nationwide, Thomson Locations: New York City
“She is the cutest, roly-poly, delicious dog,” said Katy Hansen, the director of marketing and communications for Animal Care Centers, which runs New York City’s public animal shelters. She said it was hard to believe Brooklyn had been living at the shelter for six months. The city’s shelter animal population has exploded, with many animals waiting weeks or months without being adopted. Because of overcrowding, dogs at the Manhattan shelter are being kept in makeshift kennels in offices, and stacks of cat cages line the halls. The cat population has grown to the point that last month, Animal Care Centers said it was “closed for cat intake.” But the organization’s contract with the city requires it to take in animals in need, and Ms. Hansen said hundreds of cats had been accepted since the announcement.
Persons: , Katy Hansen, Hansen Organizations: Animal Care, Animal Care Centers, Care Centers Locations: Brooklyn, Manhattan, roly, New York
Sam Bankman-Fried remanded into custody after bail gets revoked
  + stars: | 2023-08-11 | 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 EmailSam Bankman-Fried remanded into custody after bail gets revokedCNBC's Kate Rooney joins 'Closing Bell' to discuss a U.S. district judge revoking bail for FTX founder Sam Bankman-Fried, allegations of witness intimidation on behalf of Bankman-Fried, and the decision to remand Sam Bankman-Fried to into NYC custody.
Persons: Sam Bankman, Fried, Kate Rooney Organizations: Bankman Locations: U.S
“They’ve made school zone limits now 24-7,” he wrote. That’s about cash.”After @cjones47 posted saying “the citywide default speed limit in NYC has been 25 MPH since 2014,” Simon countered: “Then send me a ticket for speeding and I have no comment. They now effectively blanket the five boroughs; the Legislature stipulated that cameras had to be placed within a quarter-mile of a school. In 2021, more than half of the vehicles that received one speed-camera ticket did not receive a second — another sign, officials say, that the cameras have made a difference. Not all the responses to Simon were posted on the X platform.
Persons: Simon, They’ve, , , ” Simon, Christopher Robbins, you’re Organizations: State Legislature Locations: Bronx, Staten Island, Queens, New York
In the fall of 2021, an acquaintance of Alex Norman, the founder of a cannabis apparel and lifestyle brand called Budega NYC, reached out to congratulate him on making a deal to open several dispensaries in Southern California. There was just one problem, Mr. Norman said: “It wasn’t me.”Instead, an international conglomerate had claimed the Budega name, which Mr. Norman, 50, said was a nod to the longstanding role of New York’s neighborhood bodegas in supplying weed before legalization. It was the first of a series of copycats that have forced Mr. Norman, who lives in Brooklyn, to decide whether to wage costly legal battles to defend his brand, work out deals to coexist or start over with a new name. Cases like his have played out across the country as states legalize cannabis and allow businesses to open stores and release products under similar-sounding names. Jessica Gonzalez, a cannabis and trademark attorney, said the trend will only accelerate if the federal government legalizes cannabis and companies begin competing for national dominance.
Persons: Alex Norman, Norman, Jessica Gonzalez Organizations: Industry Locations: Southern California, York’s, Brooklyn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoward Hughes Corporation CEO David O'Reilly talks developing the Tin Building and investing in NYCDavid O'Reilly, Howard Hughes Corporation CEO, joins 'Last Call' to talk the development of the Tin Building in New York City and other development plans in the works across the U.S.
Persons: Howard Hughes, David O'Reilly Organizations: Howard, Howard Hughes Corporation Locations: New York City, U.S
Manhattan average rent prices hit new record of $5,588 per month
  + stars: | 2023-08-10 | 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 EmailManhattan average rent prices hit new record of $5,588 per monthBess Freedman, Brown Harris Stevens CEO, and Don Peebles, The Peebles Corporation chairman and CEO, join 'Last Call' to talk sky high rent prices in NYC and across the country.
Persons: Bess Freedman, Brown Harris Stevens, Don Peebles Organizations: The Peebles Corporation Locations: NYC
The latest must-have amenity in luxury New York City apartment buildings: a designated coworking space for remote workers. Apartment developers are building out private offices, conference rooms and even podcasting booths to capitalize on a lingering work-from-home trend. "A coworking space was actually the top of my list when I was touring," said Lauren Wells, a fashion designer and a resident at 420 Kent in Williamsburg. "When I need to meet with a customer for work, I can just bring up some of my work create a little space up there." Rent at each of the luxury rental buildings can run up to $7,950 per month for a one-bedroom apartment, while a studio for sale can cost nearly $1 million.
Persons: Matthew Villetto, Douglas, Lauren Wells Organizations: Pew Research Center, Development, Financial District Locations: New York City, Kent, Williamsburg, East Harlem, Washington, Tribeca
REUTERS/Eduardo Munoz/File PhotoWASHINGTON, Aug 9 (Reuters) - U.S. regulators said on Wednesday they will extend temporary cuts to minimum flight requirements at congested New York City-area airports and Washington National Airport through Oct. 28, citing air traffic controller staffing issues. Major airlines on Monday sought an extension of the waiver, saying air traffic staffing levels in a key New York air traffic sector have not "meaningfully improved." A government audit in June said the FAA faces critical air traffic staffing and disclosed New York TRACON staffing was at 54% compared with optimal levels. Airlines for America, an industry trade group said air traffic control staffing and extreme weather "are unique circumstances beyond our control." Last summer, there were 41,498 flights from New York airports where FAA air traffic control staffing was a contributing factor in delays.
Persons: Eduardo Munoz, David Shepardson, Marguerita Choy Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Washington National Airport, Federal Aviation Administration, Delta Air Lines, FAA, New York, Airlines for America, Philadelphia, Thomson Locations: York, Newark , New Jersey, U.S, New York City, New York, NYC, Chicago, Newark
"You can't just work out; you can't just enjoy it," another former Hamptons trainer added. Several pointed out that TA's longtime Hamptons studio manager left just before the summer season, and a current Hamptons trainer said the manager hadn't been replaced. One person who attends drop-in Hamptons classes said she tried to get into classes for weeks but couldn't get off the waiting list. Katia Pryce, the founder of DanceBody in NYC, worked as a TA trainer more than 10 years ago. A-listers such as Paltrow and Robert Downey Jr. have had TA trainers come to their Hamptons homes for private sessions.
Persons: Tracy Anderson, Michael Rubin's, , Anderson, Anna Kaiser, Dani Levi, they're, Anderson didn't, Neil Rasmus, BFA.com, nonmembers, nonmember, hadn't, Nonmembers, couldn't, Katia Pryce, Pryce, Gwyneth Paltrow, Madonna, She's, Megan Roup, Roup, Tracy Anderson's, Rachel Murray, Paltrow, Robert Downey Jr, Elisa Arcaya, they'd, Arianna Siegel, Levi, Irene Nederlof, Claudia Saez, Fromm, she'd Organizations: White Party, Hamptons, TA, Hampton, Getty Locations: Southampton, Sag, Tribeca, Water, California, Madrid, NYC, New York, Manhattan, Los Angeles, Amsterdam, New York City, London, Miami
New York City is one of the most expensive American cities to live in, yet people from all around the world continue to flock there. Los Angeles is the only California city to make StreetEasy's list, while Florida had three cities rank in the top 10, including Tampa and Orlando. 1 U.S. city New Yorkers are moving to: Miami, FloridaMiami's popularity among New Yorkers continues to rise and the Florida city landed the top spot of cities residents are thinking about relocating to. Alexander Spatari | Moment | Getty ImagesTop 10 U.S. cities New Yorkers are moving toMiami, Fla. Philadelphia, Pa. Stamford, Conn. Atlanta, Ga. Tampa, Fla. Boston, Mass. It is considered the most significant financial district outside New York City, according to the city's Chamber of Commerce.
Persons: Douglas, StreetEasy, Goldman Sachs, Alexander Spatari, Sean Pavone, it's, Ned Lamont Organizations: New, Yorkers, Elliot Management, Fla ., Washington D.C, Philadelphia, Comcast Corporation, Toll, Burlington Stores, Burlington Stores . Philadelphia, Istock, Getty Images, Bloomberg, U.S . Postal Service, Charter Communications, city's Chamber of Commerce ., Getty Locations: Miami, Florida, New, New York City, Manhattan, The City, Yorkers, Los Angeles, California, Tampa, Orlando, U.S, United States, South Beach, Little Havana, . Miami , Florida, Fla . Philadelphia, Pa . Stamford, Conn, Atlanta, Ga, Fla, Boston, Mass, Fla . Los Angeles, Calif, Washington, East Stroudsburg, Pa, New York County, Kings County, Brooklyn, Queens County, Queens, Philadelphia, The Pennsylvania, Burlington Stores ., Getty Images Stamford , Connecticut, Connecticut, New York City for Connecticut, Stamford, city's Chamber of Commerce . Stamford , Connecticut
New York CNN —Barbara Lakin sits on a bus in New York City, her fingers busy sewing blue thread into a tiny dress. On the seat beside her, six disheveled Barbie dolls stick out of her backpack. Cory CurtinUsing old Barbies she buys or donated dolls, Lakin, a New Yorker living in the East Village, restores the toys as gifts for the children. In March, the organization also opened the Little Shop of Kindness, where the migrants can shop for free and young migrant girls can receive the Barbies. This way, she can donate matching Barbie dolls and shirts to father-and-daughter duos who come to the store.
Persons: Barbara Lakin, Barbie, ” Lakin, Lakin, Cory Curtin, , , Greg Abbott, Human Services Anne Williams, Eric Adams ’, Alejandro Mayorkas, Williams, Isom, Ilze Thielmann, Thielmann, Ilze, , we’re, Barbara Lakin Lakin, Barbies Organizations: New, New York CNN, CNN, TLC, New York’s Port Authority Bus, Texas Gov, Health, Human Services, Homeland, Migrants, WCBS, Port Authority, Kindness Locations: New York, New York City, Central, South America, New Yorker, East, New York’s, Washington and New York, Midtown Manhattan, Long Island City, Bryant, England, Latina
A new study looks at the productivity of remote workers versus those in-office. It showed that productivity dropped by 18% among a group of workers randomly assigned to WFH. More employers are pushing for workers to return to the office in a hybrid role or full-time. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Meanwhile, JPMorgan kickstarted a trend across Wall Street to instill a back-to-office mandate for its managing directors.
Persons: Michael Bloomberg Organizations: Service, National Bureau of Economic Research, Workers, McKinsey, Pew Research, NYC, Bloomberg, JPMorgan Locations: Wall, Silicon, Chennai
Cenat, who has over 4 million followers on YouTube, over 5 million on Instagram, and 6.5 million on Twitch, said during a Wednesday Twitch stream that he would be hosting a “huge giveaway” Friday at 4 p.m. in Union Square Park. In the stream, he said they would be giving away computers, Play Station 5s, microphones, keyboards, webcams, gaming chairs, headphones and giftcards from a truck in Union Square. The crowds spurred the NYPD to activate a “Level 4” response, its highest level of disaster response. The department earlier announced that they had activated a “Level 2” response to handle the crowds and clear the area. Several police officers were injured in the frenzy and “quite a few” people were arrested as police worked to clear the crowd, Maddrey said.
Persons: influencer Kai Cenat, Cenat, , Jeffrey Maddrey, , Maddrey, Kai Cenat, Alexi J . Rosenfeld, we’re, ” Maddrey, ” Cenat Organizations: CNN, Social, YouTube, , NYPD, Police Locations: Union, New York City, New York, Manhattan
Former NYC mayor Michael Bloomberg thinks federal workers should not work from home. "Some people argue that remote work for federal employees isn't a problem. "In the private sector, if remote workers do a poor job, business suffers and customers take their spending elsewhere. At Bloomberg LP, more than 80% of employees work in the office at least three days a week, as requested, he added. In a May interview with CNBC, Tesla and SpaceX CEO Elon Musk went so far as to say remote work is "morally wrong."
Persons: Michael Bloomberg, Morgan, Jamie Dimon, Marc Andreessen, Elon Musk Organizations: Service, New York City, Bloomberg, Washington Post, Office, Forbes, CNBC, Tesla, SpaceX Locations: Wall, Silicon
CNN —The New York City Council approved a bill Thursday to make the pandemic-era outdoor dining program a permanent part of the city, with some restrictions, according to the Office of New York City Mayor Eric Adams. The city instituted the outdoor dining program in 2020 under the administration of Adams’ predecessor, Bill de Blasio, to assist the struggling restaurant industry during the height of the pandemic. Under the new bill, however, roadway dining structures such as outdoor sheds will need to be removed during the winter. Sidewalk dining will be allowed with a permit all year-round, according to a statement from the city council. People eat dinner in an outdoor sidewalk shed at a restaurant on Bedford Street in Greenwich Village on December 17, 2021 in New York City.
Persons: Eric Adams, Adams, Bill de Blasio, Gary Hershorn, Councilwoman Marjorie Velazquez, ” Adams, ” Velazquez, Organizations: CNN, The New, New, New York City, Corbis, Department, Transportation, NYC Council Locations: The New York, New York, Bedford, Greenwich Village, New York City, York
This summer, the culture journalist turned art adviser Fiona Mackay launched Kombi, an online gallery and retailer that specializes in South African art, design and craft and caters to the American market. “Because of geography and logistics, so much of this work hasn’t been shown stateside, and I wanted to rectify that,” says Mackay, who was raised in Cape Town and now lives in Brooklyn. Kombi, named for the Volkswagen minibuses that were ubiquitous during Mackay’s childhood, will present work from both emerging and more established makers, offering readily buyable pieces, as well as made-to-order and limited-edition works. “I hope [Kombi] becomes both a cultural and commercial exchange,” says Mackay, who also plans to initiate residencies and collaborations, creating opportunities for American artists to produce work in South Africa and vice versa. Cele plans to show the work with Kombi at an exhibition this autumn in New York.
Persons: Fiona Mackay, hasn’t, , Mackay, Cameron, Mpho Vackier, She’s, Kombi Organizations: Volkswagen Locations: Cape Town, Brooklyn, Johannesburg, Namibia, South Africa, Zulu, New York
Aug 1 (Reuters) - The New York City Police Department said on Tuesday that a body found in a New York City creek has been identified as missing John Castic, reportedly a Goldman Sachs (GS.N) staffer. "The Office of the Chief Medical Examiner will determine the cause of death," the NYPD said. Castic, 27, was last seen on Saturday at about 2:30 a.m. leaving a "Zeds Dead" concert at The Brooklyn Mirage in East Williamsburg, according to a Fox News Digital report. Reporting by Manya Saini and Ananya Mariam Rajesh in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons: John Castic, Goldman Sachs, Castic, Manya Saini, Ananya Mariam Rajesh, Sandra Maler Organizations: New York City Police Department, NYPD, Brooklyn Mirage, Fox News, Thomson Locations: New York City, East Williamsburg, Bengaluru
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