New York Business News
Finance
Mother Sues Meta and ByteDance Over Subway Surfing Death
New York City, November 3, 2025 Norma Nazario has filed a wrongful death lawsuit against Meta and ByteDance after her son, Zackery, died while subway surfing. The lawsuit claims that social...
Investments in Sixth Avenue Towers Boost Office Space Demand
New York City, November 3, 2025 Landlords in New York City have invested billions in upgrading Sixth Avenue towers, leading to increased demand for premium office spaces. These renovations have resulted...
New York City Residents Raise Concerns Over Business Regulations and SNAP Funding
New York City, November 2, 2025 Residents of New York City have expressed their worries regarding the enforcement of business codes, the distribution of SNAP funding, and civil lawsuits impacting local...
New York City Faces Economic Uncertainty with Proposed Tax Hike
New York City, November 1, 2025 New York City is grappling with economic uncertainty as Zohran Mamdani proposes a significant increase to the corporate tax rate. This proposal, aimed at raising...
Brooklyn Developer Acquires Financial District Site for $26.4 Million
New York City, November 1, 2025 The Rivington Company, a Brooklyn-based developer, has purchased a troubled development site at 140 Fulton Street in Manhattan’s Financial District for $26.4 million. This acquisition...
Bloomberg Boosts Cuomo’s Campaign with $1.5 Million Donation
New York City, October 31, 2025 Former Mayor Michael Bloomberg has deepened his financial backing for ex-Governor Andrew Cuomo in the NYC mayoral race, contributing an additional $1.5 million to the...
XP Inc. Faces Legal Scrutiny Amid Allegations of Misconduct
New York City, October 31, 2025 XP Inc., a Brazilian fintech company, is under investigation for alleged deceptive practices, including operating a Ponzi scheme through misrepresented derivative sales. The Rosen Law...
Rosen Law Firm Investigates Braskem Amid Securities Concerns
New York City, October 31, 2025 The Rosen Law Firm has initiated an investigation into potential securities class action claims against Braskem S.A. following a significant decline in its American Depositary...
Rosen Law Firm Investigates Jefferies Financial Group
New York City, October 31, 2025 In response to concerns regarding the bankruptcy of First Brands, Rosen Law Firm is investigating potential securities class action claims for Jefferies Financial Group shareholders....
Construction
China Suspends New Export Controls on Rare Earth Elements
Beijing, China, October 31, 2025 China’s recent suspension of new export controls on rare earth elements is a strategic move aimed at easing pressures on global supply chains. These elements are...
Alphabet Inc. Achieves Record Q3 Revenue of $102.3 Billion
San Francisco, October 30, 2025 Alphabet Inc., the parent company of Google, has reported a record revenue of $102.3 billion for Q3 2025, marking a 16% increase year-over-year. The growth is...
New York’s Economic Development Initiatives Propel Statewide Growth
New York State, October 29, 2025 New York State is launching various economic development initiatives aimed at fostering growth, innovation, and sustainability. Key programs include significant investments in infrastructure, clean energy,...
New York City Remains the World’s Most Expensive Construction Market
New York City, October 28, 2025 New York City has been ranked as the most expensive construction market globally for the third consecutive year, with costs averaging $5,744 per square meter....
JPMorgan Chase Launches New Global Headquarters in NYC
News Summary JPMorgan Chase has inaugurated its new global headquarters at 270 Park Avenue, a $3 billion investment highlighting its commitment to New York City. The 60-story skyscraper can accommodate...
New York City Sees Surge in Casino License Proposals
News Summary New York City is experiencing a rise in casino construction interest, with eight proposals submitted for licenses. A selection committee will choose three candidates, each valued at $500...
JPMorgan Chase Opens New Headquarters in New York City
News Summary JPMorgan Chase has inaugurated its new 60-story headquarters at 270 Park Avenue in New York City, marking a significant milestone in office real estate post-pandemic. Designed by Foster...
JPMorgan Chase Unveils New Global Headquarters in NYC
News Summary JPMorgan Chase has officially opened its new $3 billion global headquarters at 270 Park Avenue in New York City. This 60-story skyscraper signifies a commitment to the future...
Jamaica, Queens Welcomes New Autism Center
News Summary Quality Services for the Autism Community (QSAC) is expanding its operations with a new center in Jamaica, Queens. The center will provide essential support services for individuals with...
Real Estate & Properties
Investments in Sixth Avenue Towers Boost Office Space Demand
New York City, November 3, 2025 Landlords in New York City have invested billions in upgrading Sixth Avenue towers, leading to increased demand for premium office spaces. These renovations have resulted...
Custom A-Frame Sidewalk Signs Boost Visibility for NYC Businesses
New York City, November 2, 2025 In New York City, businesses are turning to custom A-frame sidewalk signs to enhance street-level visibility and draw in foot traffic. These signs provide immediate...
New York City Voters Set to Shape Housing Future
New York City, November 1, 2025 In the upcoming general election, New York City voters will decide on key housing measures that could significantly transform the city’s housing policies and governance....
Brooklyn Developer Acquires Financial District Site for $26.4 Million
New York City, November 1, 2025 The Rivington Company, a Brooklyn-based developer, has purchased a troubled development site at 140 Fulton Street in Manhattan’s Financial District for $26.4 million. This acquisition...
$125 Million Equestrian Estate in Water Mill, NY
Water Mill, New York, October 29, 2025 A luxurious equestrian estate in Water Mill, New York, has hit the market for $125 million, making it the most expensive home for sale...
New Mixed-Use Development Set to Boost Harlem’s Economy
New York City, October 29, 2025 A new mixed-use development at 132 East 125th Street in Harlem is set to bring 73 affordable housing units and 7,000 square feet of retail...
City Council Approves 12-Story Apartment Complex in Windsor Terrace
Brooklyn, October 29, 2025 The NYC Council has approved a 12-story apartment complex in Windsor Terrace, Brooklyn, featuring 250 apartments, 40% of which will be affordable housing units. The development reflects...
New York City Faces Rise in Commercial Foreclosures Amid Economic Uncertainty
New York City, October 28, 2025 New York City is witnessing a notable increase in commercial foreclosures, driven by economic challenges impacting the real estate sector. Areas like Manhattan, Brooklyn, and...
Brookfield Properties Plans Residential Conversion for Four Manhattan West
New York City, October 28, 2025 Brookfield Properties is considering converting Four Manhattan West, a 16-story office building in NYC, into residential units. This plan reflects the growing demand for housing...
Marketing
Custom A-Frame Sidewalk Signs Boost Visibility for NYC Businesses
New York City, November 2, 2025 In New York City, businesses are turning to custom A-frame sidewalk signs to enhance street-level visibility and draw in foot traffic. These signs provide immediate...
MediaRise Launches Multichannel Content Marketing for Small Businesses
News Summary MediaRise has introduced a new multichannel content marketing service designed specifically for small businesses in New York City and its neighboring boroughs. Launched to help local enterprises tackle...
Saatchi & Saatchi Appoints New President for New York Office
News Summary Saatchi & Saatchi has named Ben Grossman as President of its New York office, effective July 21. Grossman, with extensive advertising experience, is expected to drive creative excellence...
Navigating Sustainable Growth in Public Relations
News Summary In a recent DesignRush Podcast episode, 5WPR executives Ilisa Wirgin and Leigh Ann Ambrosi discussed sustainable growth strategies for public relations agencies. They emphasized the importance of managing...
Boyd Artesian Well Company Inducted into Historic Business Registry
News Summary Boyd Artesian Well Company, a family-owned business serving Putnam, Dutchess, and Westchester counties for over 50 years, has been inducted into the New York State Historic Business Preservation...
2025 Digiday Content Marketing Awards Highlight Innovative Campaigns
News Summary The 2025 Digiday Content Marketing Awards showcased remarkable achievements in video content and branded campaigns. With a focus on storytelling, brands like L’Oréal and e.l.f. Cosmetics exemplified innovation,...