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Americans' inflation expectations dropped again in August, New York Fed says

Americans’ inflation expectations dropped again in August, New York Fed says

Apollo Global Management chief economist Torsten Slok analyzes the U.S. economy as the Federal Reserve tries to bolster the alleviation of inflation rates, on ‘Barron’s Roundtable.’  Consumer expectations for where inflation will be one year from now fell again in August, according to a key Federal Reserve Bank of New York survey published Monday, a …

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Bed Bath & Beyond CFO who leapt to his death from New York skyscraper faced ‘pump and dump’ allegation just days earlier

Bed Bath & Beyond CFO who leapt to his death from New York skyscraper faced ‘pump and dump’ allegation just days earlier

Gustavo Arnal, the CFO of Bed Bath & Beyond who leapt to his death from a Manhattan skyscraper last week, had faced a “pump and dump” allegation less than two weeks earlier. On Friday Arnal fell to his death from the 18th floor of 56 Leonard Street, an iconic new skyscraper known as the “Jenga building” on …

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'For a whole week, I was just breaking down': How 3 renters are coping with the record-breaking cost of rent in New York City

‘For a whole week, I was just breaking down’: How 3 renters are coping with the record-breaking cost of rent in New York City

New York City rent is notoriously unreasonable, and this year it hit an all-time high. In June, citywide median asking rent reached $3,500, a 35% increase from last year, according to a report by StreetEasy. Manhattan has the highest median rent right now at $4,100, but that doesn’t mean the other boroughs are ripe with …

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A spate of horrific attacks in New York has people fearful of returning to work

A spate of horrific attacks in New York has people fearful of returning to work

People walk by a subway stop in midtown Manhattan in New York City on April 13. Some of the city’s top CEOs say they are being told by their employees that they are afraid to return to work after a recent spate of high-profile attacks. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images …

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Robinhood Crypto Fined $30 Million by New York Regulator, Cuts 23% of Its Workforce

Robinhood Crypto Fined $30 Million by New York Regulator, Cuts 23% of Its Workforce

Photo: Oliver Douliery (Getty Images) Robinhood, the self-proclaimed ‘Democratized Finance’ app accused of misleading and ripping off retail investors will have to cough up another $30 million to appease regulators. That raises the company’s overall regulatory penalty and settlement tab well above $100 million. In a filing Tuesday, the New York State Department of Financial …

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Port of New York and New Jersey adds fees for ocean carriers as shipping containers pile up

Port of New York and New Jersey adds fees for ocean carriers as shipping containers pile up

The Port of New York and New Jersey announced new tariffs on Tuesday related to empty containers and export volume in its battle to decrease container congestion. Both loaded and empty containers that are considered long-dwelling will be subjected to a quarterly “container imbalance fee.” The tariff will be effective as of September 1, pending …

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New York judge freezes assets of Three Arrows Capital as crypto firm's founders remain underground

New York judge freezes assets of Three Arrows Capital as crypto firm’s founders remain underground

A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital following the firm’s rapid fall from prominence. The fund, founded nearly a decade ago, managed $10 billion in assets just a few months ago. Now, its two co-founders are in hiding from angry creditors, …

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New York City’s COVID positivity rate tops 14% as summer wave arrives

New York City’s COVID positivity rate tops 14% as summer wave arrives

It just won’t leave us alone. As New York enters its third pandemic summer, the city has been caught in another COVID wave, with an explosively contagious omicron strain pushing test positivity rates to steep heights. On Wednesday, the weeklong positivity rate across the five boroughs had reached 14% and eclipsed 20% in parts of …

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New York City ends its coronavirus alert system as cases hit high levels.

New York City ends its coronavirus alert system as cases hit high levels.

New York City suddenly removed its color-coded coronavirus alert system on Thursday just as newer Omicron subvariants are fueling another rise in cases and hospitalizations. Mayor Eric Adams and health officials quietly took down the city’s high profile alert system that warned New Yorkers when they were at a greater risk of catching the virus …

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'It's nuts': Real estate agents describe chaos in New York City's hot rental market

‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market

Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. …

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