New York
How grief and burnout pushed this 27-year-old to follow her lifelong dream of opening a bookstore: ‘This was a pipe dream’
When Lucy Yu was 7 years old, she told her mom she wanted to retire and open a bookstore one day. She’d always loved reading and, as the only child raised primarily by her single mother who immigrated from China, turned to books as a source of comfort. Now, at age 27, Yu is living […]
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Crypto industry wields its influence in Washington after pouring over $30 million into campaigns
U.S. Rep. Ritchie Torres, D-N.Y., called on New Yorkers to support the cryptocurrency market in a March op-ed in the New York Daily News titled, “A liberal case for cryptocurrency.” “With a multi-billion dollar market capitalization, crypto is here to stay. It’s not going anywhere. New York City should and must embrace crypto if it […]
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Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers
courtneyk | E+ | Getty Images An audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers, sparking anger from the tax community. The material, known as paper-filed information returns in accounting parlance, is sent yearly by employers and financial institutions, and covers taxable activity, such […]
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Cushman & Wakefield appeals subpoenas order in Trump Organization probe by New York attorney general
The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. Shannon Stapleton | Reuters Commercial real-estate services giant Cushman & Wakefield on Wednesday appealed a judge’s order that it comply with subpoenas issued by the New York attorney general’s office seeking documents related to […]
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Tech is hitting the brakes on hiring, but that doesn’t mean a broader slowdown is coming
San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider […]
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Hedge fund billionaire Dan Loeb appears to be courting NYC Mayor Eric Adams over charter schools
Hedge fund billionaire Dan Loeb appears to be cozying up to New York City Mayor Eric Adams after pouring $1 million into the political action committee that helped get him elected, according to people familiar with the matter. Adams and Loeb have held several private discussions since Adams was sworn in earlier this year, focusing […]
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Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains, trucks and […]
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JetBlue Airways faces a quarter-century crossroads after Spirit rejects its takeover offer
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images JetBlue Airways is at a quarter-century crossroads. The airline’s first flight took off from New York […]
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Defamation lawsuit over Trump rape claim by writer E. Jean Carroll set to resume discovery, lawyers say
E. Jean Carroll visits ‘Tell Me Everything’ with John Fugelsang in the SiriusXM Studios on July 11, 2019 in New York. Noam Galai | Getty Images Lawyers for ex-President Donald Trump and the writer E. Jean Carroll have agreed to resume a process for exchanging evidence and taking witness testimony under oath for her lawsuit […]
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New York is close to a bitcoin mining crackdown — here’s what that means for the industry
The state of New York wants to ban new bitcoin mining operations, a move that some industry insiders fear could have a domino effect across the U.S. The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on certain cryptocurrency mining operations that use proof-of-work authentication […]
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