Latest News

Three months ago Delta Air Lines was confident 2025 would be its best year ever. Today, the airline changed course. “Growth has largely stalled,” CEO Ed Bastian said Wednesday as withdrew the company’s earnings forecast and declared his priority is “focusing on what we can control” and “actively managing” costs.  Delta accounts for about 40% […]

Michelin today teased 16 New York City restaurants that could soon receive their first stars. The French tire company released its latest additions to the city’s Michelin Guide, a 350-plus long list of restaurants that boast the award organization’s stamp of approval. Michelin adds restaurants to the list on a rolling basis, and the new

The owners of a Lower Manhattan parking garage that collapsed two years ago, killing one person, plan to raze the still-standing apartment building next to it, records show. Jeffrey Henick, one of the owners of the now-demolished garage at 57 Ann St., filed permits with the Department of Buildings Tuesday to knock down the property

President Donald Trump said he would pause reciprocal tariffs on dozens of non-retaliating countries for 90 days, while raising duties on China to 125%. “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump posted on social media. Trump also said he was raising

A top general contractor has locked horns with one of the city’s best-known high-end developers. Leeding Builders Group, an affiliate of construction juggernaut AECOM Tishman, has sued condo builder Naftali Group for allegedly refusing to pay dozens of subcontractors between 2019 and 2022 for their efforts at The Benson, at 1045 Madison Ave. on the

New York City’s hotel owners have long dreamed of lowering the tax that the city imposes on visitors who book rooms. Now, with President Donald Trump’s tariffs threatening to deter tourists who generate billions of dollars for the city each year, the industry may have found its moment. The Hotel Association of New York City

On January 1, 2025, New York became the first state to provide paid prenatal leave for expecting mothers. As a mom and New Yorker, I cheered this groundbreaking policy and the relief it brings to working families who are up against impossible choices everyday. As a lifelong advocate — and the founder and CEO of

Leases Funding provider inks space in downtown Manhattan   Address: 32 Old Slip, Manhattan Landlord: RXRTenant: CFG Merchant SolutionsLease size: 20,600 square feet Asset type: OfficeBrokers: Daniel Birney and Heidi Steinegger represented the landlord in-house, along with CBRE’s Ryan Alexander, Zachary Price, Alex Benisatto and Nicole Marshall. JLL’s Michael Berman represented the tenant. Real estate firm signs

A pullback from U.S. Treasuries sent longer-term yields surging by the most since the pandemic struck in 2020, deepening losses in what’s supposed to be a haven from financial turmoil and roiling markets abroad as investors sell government bonds to raise cash. The yield on 30-year Treasuries briefly pushed over 5% in Asia and seeped

2025 was supposed to be the year of the maximalist restaurant in New York City. Buzz as big as the arena-size spaces heralded the openings of spots such as Crane Club, La Tête d’Or and Time & Tide. Instead, it’s the city’s tiny dining rooms that are grabbing outsize headlines. Cozy places, with as few