Business Archives - Page 2 of 5 - Business of New York

Business

Wall Street Banks Post Record Q2 Profits as Trading Desks Capitalize on Volatility

Midwood Investment Acquires Downtown Brooklyn Office Building for $9.5 Million

Paramount’s $81 Billion Warner Acquisition Faces Mounting Legal Challenges

New York Imposes Nation’s First Statewide Moratorium on Large Data Centers

Three World Trade Center Lands Glasshouse Event Space After Decade-Long Vacancy

New York Imposes First-in-Nation Moratorium on Large Data Centers

JPMorgan Posts Record $21.2 Billion Profit as Wall Street Dealmaking Sizzles

Manhattan Luxury Real Estate Stalls as Pied-a-Terre Tax Takes Effect

News Outlets Urge Judge to Sanction OpenAI in High-Stakes AI Copyright Battle

Meta’s Custom AI Chip Initiative Targets Nvidia Dominance as Tech Giants Pursue Silicon Independence

MetroLoft Developer Behind Unstable NYC Building Faces Lawsuits Over Construction Defects and Unpaid Invoices

Italian Super-Yacht Designer Achille Salvagni Buys 797 Madison Ave in Latest Madison Avenue Boost

Billionaires’ Row Is Not the Source of New York City’s Housing Crisis, Data Shows

Mayor Mamdani Stands Behind Office-to-Residential Conversions After Pfizer Building Structural Crisis

Hamptons Middle Market Drives Second Quarter Sales as Trophy Home Transactions Cool

Airbnb Purchases First New York City Office for $81.5M at Infamous 281 Park Avenue South

Meta Shares Jump 10% on Report Company Is Building Cloud Business to Sell Excess AI Computing Power

Microsoft Prepares Third Major Layoff Round in a Year, Targeting Thousands of Sales and Gaming Jobs

Bending Spoons, Owner of AOL and Eventbrite, Raises $1.7 Billion in Nasdaq IPO Priced at $29 Per Share

World Cup Hotel Revenue Falls Short of Projections as NYC Occupancy Rates Lag 2025 Levels

Sony Ends Physical PlayStation Discs by 2028 as Digital Sales Hit 80%

Egg Producers to Pay $3.3M After Price-Fixing Scheme Inflated NYC Grocery Bills

Microsoft to Slash Thousands of Jobs in Third Major Layoff Round

NYC Hotel Revenue From World Cup Falls Short of Projections

NYC Launches $1 Billion Supportive Housing Preservation Program

Ex-Christie’s Tri-State Affiliate Accused of Withholding Agent Commissions

Chicago Law Firm McDermott Will & Schulte Signs 150K Square Foot Lease at BXP’s 343 Madison

NY Attorney General Sues Brooklyn Landlords in First Rent Stabilization Enforcement Actions

Hudson Yards Expansion Advances as Manhattan’s West Side Redefines Urban Development

LaGuardia Airport Nears Full Transformation as Final Phase Completes in 2026

National Small Business Expo Lands in Queens June 11 to Tackle Capital Access and AI

NYC Gets New 465 Area Code Starting June 18 as Number Supply Dwindles

UK Orders Google to Allow Publisher Opt-Out from AI Scraping, Raising Stakes for New York Media

New York Leaders Call for Statewide AI Strategy as Energy and Workforce Pressures Mount

AI Procurement Emerges as New Governance Frontier for New York Enterprises

New York City Proposes Cutting $8.9M School Technology Platform Amid AI Transformation Debate

Uber Expands Into Hotel Bookings With Expedia Partnership, Pushing Toward ‘Everything App’ Vision

Wall Street Hits New Records as AI Stocks Drive Market Rally Past Key Milestones

Meta Cuts 10% of Workforce, Redirects 7,000 Employees to AI Roles in Major Restructuring

SpaceX Files for Record-Breaking IPO Targeting $2 Trillion Valuation on Nasdaq

Yelp Overhauls Its AI Chatbot to Surface Reviews and Book Services in One Place

Median CEO Pay Hit $17.7 Million in 2025, Rising Nearly 6% as Worker Wages Lagged Behind

Remote Work — Not AI — Is Sidelining Young New York Grads, New York Fed Study Finds

New York City Launches 2-K Child Care Program Applications With 550-Plus Providers