Larry Summers likens FTX collapse to Enron: ‘Whiffs of fraud’
Former Treasury Secretary Larry Summers likened the swift collapse of Sam Bankman-Fried’s crypto trading platform FTX to the infamous Enron scandal of more than 20...
Pace of interest rate hikes can slow soon
The Federal Reserve may soon reduce the pace of its interest rates hikes, Fed Vice Chair Lael Brainard said Monday. “I think it will probably be appropriate...
Google to pay $400M to settle location-tracking suit: report
Alphabet’s Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users’ locations, the Michigan Attorney General’s Office...
Amazon to slash 10,000 jobs starting this week: report
Amazon is planning to lay off some 10,000 employees in its corporate and technology sectors beginning this week, according to a report. The culling would...
Jeff Bezos plans to give away his wealth to charity
Jeff Bezos — long criticized for being stingy with his $124 billion fortune — said in an interview he plans to give most of it...
Central Park Boathouse’s future remains murky after city put kibosh on $6M offer
Don’t hold your breath over the Central Park Boathouse reopening any time soon. A source said that since the Parks Department turned down a $6...
Meta job cuts put chill on Mark Zuckerberg’s office footprint in NYC
Mark Zuckerberg’s announcement that he’s cutting 11,000 jobs from Meta, or 13% of the tech giant’s workforce, sent shivers through Manhattan’s commercial corridors. The company previously...
Toys getting smaller and cheaper as inflation slams shoppers
Retailers are poised to push smaller and less expensive toys this holiday season — a bid to tempt skittish shoppers as inflation hikes prices for...
Luxury apartments for seniors open their doors at Hudson Yards
There’s always something new in the Hudson Yards district. Related Companies and Atria Senior Living just opened Coterie Hudson Yards, “a new category of luxury...
Times Square casino faces long odds as powerful Broadway group rips plan
The Shubert Organization strongly reaffirmed Broadway theater owners’ opposition to SL Green’s and Caesars Entertainment’s controversial proposal to bring a casino to Times Square. Although the Broadway...