New York Business News
Finance
Fitch Affirms Ameriprise Financial’s Strong Stability Rating
New York City, December 20, 2025 Fitch Ratings has maintained Ameriprise Financial’s Long-Term Issuer Default Rating at ‘A-‘ with a Stable Outlook, reflecting the company’s solid financial health and competitive position...
Mayor Adams Unveils Initiatives to Support NYC SNAP Recipients
New York City, December 20, 2025 New York City is enhancing food access for low-income residents as Mayor Eric Adams announces public-private initiatives to support SNAP recipients. With 1.8 million New...
Reclassifying Marijuana: A New Era for Cannabis Businesses
New York City, December 20, 2025 The cannabis industry anticipates significant growth following President Trump’s executive order to reclassify marijuana to Schedule III. This shift eases regulatory burdens, boosts medical research,...
Gov. Hochul and Premier Ford Forge Agreement for Nuclear Advancements
Albany, NY, December 20, 2025 Governor Kathy Hochul of New York and Premier Doug Ford of Ontario have announced a landmark agreement between the New York Power Authority and Ontario Power...
The New School Faces Financial Struggles Amid Declining Enrollment
New York City, December 20, 2025 The New School in New York City is facing significant financial difficulties largely due to a decline in enrollment. This drop has resulted in budget...
New York City Confronts Affordability Crisis Amidst Tech Surge
New York City, December 20, 2025 New York City is facing a pressing affordability crisis as rising housing costs and living expenses continue outpacing wage growth, especially amidst the booming tech...
Fast Food Just Cause Law Boosts NYC Employment and Growth
New York City, December 20, 2025 A recent report indicates that New York City’s Fast Food Just Cause Law, enacted in July 2021, has positively impacted employment levels and the number...
NYU China–US Startup Competition Inspires Cross-Border Innovation
New York City, December 19, 2025 The NYU China–US Startup Competition showcased eight finalist startups from China and the U.S., emphasizing collaboration in technology fields like AI and biotechnology. With themes...
BP Appoints Meg O’Neill as New CEO Following Leadership Changes
London, United Kingdom, December 19, 2025 BP has appointed Meg O’Neill, the current CEO of Woodside Energy, as its new CEO effective April 1, 2026. This significant move marks the first...
Construction
AI Transforms Mining Industry with Rapid Growth Projections
New York City, December 19, 2025 The global AI in mining market is projected to skyrocket from $29.94 billion in 2024 to $685.61 billion by 2033, demonstrating a staggering CAGR of...
BP Appoints Meg O’Neill as New CEO Following Leadership Changes
London, United Kingdom, December 19, 2025 BP has appointed Meg O’Neill, the current CEO of Woodside Energy, as its new CEO effective April 1, 2026. This significant move marks the first...
The Insurance Squeeze: New York’s Construction Crisis
New York City, December 14, 2025 New York City’s construction industry is facing a crisis due to skyrocketing insurance premiums driven by the state’s Scaffold Law. This law imposes absolute liability...
New York State Issues $400 Inflation Refund Checks to Residents
New York City, December 13, 2025 New York State has initiated the distribution of $400 inflation refund checks to around 8.2 million eligible households. This program aims to alleviate the financial...
Frankfort, NY Secures $7.9 Million for Business Center Upgrades
Frankfort, NY, December 13, 2025 Frankfort, NY has been awarded a $7.9 million grant by the Herkimer County Industrial Development Agency to upgrade the Central New York Business Center. This investment...
New York State Invests $25.48 Million in Orange County Business Park
Orange County, December 13, 2025 The New York State government has announced a $25.48 million investment to develop a new business park in Orange County. This initiative aims to enhance the...
Transforming Passion into Business: The Story of Rebella Jewelry
East Northport, NY, December 13, 2025 An East Northport resident has transformed her hobby of jewelry-making into a thriving business called Rebella Jewelry. With a collection of handcrafted, personalized jewelry, this...
Kathryn Garcia Appointed Executive Director of Port Authority
New York City, December 13, 2025 Governor Kathy Hochul has announced the appointment of Kathryn Garcia as the new Executive Director of the Port Authority of New York and New Jersey,...
Ridgewood, NJ Welcomes First Whole Foods Market
Ridgewood, NJ, December 12, 2025 Whole Foods Market has opened its first store in Ridgewood, NJ, enhancing the local shopping experience with a wide selection of organic and natural products. Located...
Real Estate & Properties
Upper East Side Townhouse Tied to Real Estate Dynasty Sells for $8.5 Million
New York City, December 20, 2025 A historic townhouse on Manhattan’s Upper East Side has been sold for $8.5 million, reflecting the robust luxury property market in the area. Originally listed...
New York City Confronts Affordability Crisis Amidst Tech Surge
New York City, December 20, 2025 New York City is facing a pressing affordability crisis as rising housing costs and living expenses continue outpacing wage growth, especially amidst the booming tech...
Business Coalition Calls for Relief Measures in NYC
New York City, December 19, 2025 A coalition of business leaders in New York City has urged Mayor-elect Zohran Mamdani to freeze fines and slow wage increases as economic challenges mount....
Horizon Kinetics Moves to Rockefeller Center
New York City, December 19, 2025 Horizon Kinetics Asset Management LLC has announced its relocation to an 18,713-square-foot office on the 27th floor of 1270 Avenue of the Americas at Rockefeller...
Bloomberg Extends Lease for Office in Midtown Manhattan
New York City, December 18, 2025 Bloomberg has secured a 15-year lease extension for its office space in Midtown Manhattan, encompassing about 1.1 million square feet. This move highlights the strength...
Guardian Life Relocates Headquarters to Lower Manhattan
New York City, December 18, 2025 Guardian Life Insurance Company of America has announced its relocation of headquarters from Hudson Yards to the Financial District in Lower Manhattan. This strategic move...
Granite Point Mortgage Trust Inc. Declares Q4 Dividend
New York City, December 18, 2025 Granite Point Mortgage Trust Inc. has announced a quarterly cash dividend of $0.05 per share for common stockholders along with a $0.4375 dividend for its...
New York City Council Shelves Airbnb Expansion Bill
New York City, December 18, 2025 A proposed bill to expand short-term rental opportunities in New York City is unlikely to be considered at the City Council’s final meeting of the...
WeWork’s Revitalization Fuels New York City’s Business Landscape
New York City, December 18, 2025 WeWork has successfully increased its occupancy rates to 85% in New York City as of December 2025, following a period of challenges due to the...
Marketing
DiscoverMyBusiness Expands Services to Drive Global Growth
New York City, December 18, 2025 DiscoverMyBusiness, a digital marketing agency based in New York City, is expanding its services to help businesses enhance their online visibility and drive growth. Their...
NYC Business Leaders Urge Andrew Cuomo to Withdraw from Mayoral Race
New York City, December 18, 2025 In a significant move ahead of the mayoral election, prominent figures in the New York City business community are calling for former Governor Andrew Cuomo...
TAPinto Tri-Boro Launches Franchise Opportunity for Entrepreneurs
New Providence, NJ, December 17, 2025 TAPinto Tri-Boro is primed to launch as a local news and digital marketing platform, welcoming entrepreneurs to own and operate this community-focused initiative. Slated for...
New York Enacts Law for AI Performer Disclosure in Advertising
New York City, December 12, 2025 In a significant legislative move, New York has mandated that advertisers disclose when they use AI-generated synthetic performers in their content. This law is aimed...
Empire State SEO Launches Digital Marketing Suite for Small Businesses
New York City, December 12, 2025 Empire State SEO has unveiled a new digital marketing suite aimed at empowering small businesses in the Tri-State area. This comprehensive suite includes services such...
Small Business Saturday Boosts Finger Lakes Economy
Finger Lakes and Upstate New York, November 30, 2025 On November 29, communities in the Finger Lakes and Upstate New York participated in Small Business Saturday, showcasing the importance of local...
New York Leaders Unite to Combat Retail Theft This Holiday Season
New York, November 27, 2025 As the holiday shopping season approaches, New York State and local leaders enhance efforts to address retail theft, aiming to protect businesses and consumers. The Organized...
Unblinded Expands Nationally to Drive Business Growth
New York City, November 27, 2025 Unblinded, a leadership development organization founded by Sean Callagy, is launching a national expansion to empower professionals and entrepreneurs. The initiative focuses on integrity and...
Buffalo’s George & Company Closes Its Doors After 124 Years
Buffalo, November 26, 2025 George & Company, a beloved family-owned retailer in Buffalo, NY, has announced its closure after 124 years of service. Renowned for its unique novelties, gags, gifts, and...