The U.S. economy in December added the most jobs since March and the unemployment rate unexpectedly fell, capping a surprisingly strong year and supporting the case for a pause in Federal Reserve interest-rate cuts. Nonfarm payrolls increased 256,000, exceeding all but one forecast in a Bloomberg survey of economists. The unemployment rate fell to 4.1%, […]
Strong U.S. job report backs case for pause in Fed cuts Read More »
Atop Wall Street’s largest investment banks, executives are locking in plans to award traders and dealmakers their biggest bonus increases since the pandemic, with 10% hikes — or more — coming for many desks, according to people briefed on the plans. At Bank of America, that’s the average increase in store for investment bankers and
Wall Street bonuses to jump by double digits at biggest banks Read More »
For Jen Ross, the struggle to find tasty zero-sugar treats began when she was diagnosed with Type 1 diabetes at 6 years old. While other kids were guzzling sugary juices, Ross had a crash course on the decidedly less exciting zero-sugar substitutes available to her at the time. Roughly half of the U.S. population has
Midtown beverage startup looks to make zero-sugar drinks more joyful Read More »
As the winter months get colder, little stands in the way of the elements for the thousands of people living unsheltered on the streets and subways. An estimated 4,100 people were unsheltered, according to the city’s last annual count in Jan. 2024. The next so-called Homeless Outreach Population Estimate, the city’s tally of people living
Q&A: Mobile medicine unit directors on treating homeless New Yorkers in the cold Read More »
Home care nurses at a Flushing-based provider allege the company has illegally ended their health coverage amid an impasse in contract negotiations. Centerlight, a nonprofit that provides long-term care for people with chronic health needs, failed to extend the insurance coverage of more than 70 nurses beyond a Dec. 30 deadline after their previous contract
LEGISLATIVE CHAIRS: Several new health-related committee chairs have been named in the state Senate and Assembly as the legislative session kicked off this week. Assemblywoman Jo Anne Simon of Carroll Gardens is the new mental health chair, replacing Aileen Gunther who retired last year. Sen. Jamaal Bailey, representing parts of the Bronx and Westchester, is
At a Glance: Jan. 10 Read More »
A Flatiron-based dental supply startup that helps clinicians procure equipment and medications has raised $17 million to fuel its nationwide expansion. Torch Dental, which announced its recent fundraise Tuesday, will use the funds to open a new office in Austin, Texas as a part of its growth strategy. The office will serve customers in the
Flatiron dental startup raises $17M for nationwide expansion Read More »
Mental health and homelessness advocates welcomed Mayor Eric Adams’ housing efforts to address street homelessness, but his continued push for involuntary hospitalization for people with mental illnesses drew mixed reactions. The mayor pledged $650 million to reduce street homelessness in his State of the City address on Thursday, as the number of people living on
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Chief information and technology officers surveyed for BI indicated that on average they expect a net 3% of their workforce to be cut,
Wall Street job losses may top 200K as AI replaces roles Read More »
Bumper-to-bumper gridlock on Manhattan streets has noticeably evaporated this week following the launch of congestion pricing. So, where is everybody? Ridership data indicates that at least some of those motorists have migrated to mass transit, with 500,000 more people traveling on the city’s subway, buses and commuter rail on Tuesday compared to the same day
Subway, bus ridership ticks up on heels of congestion pricing Read More »
