Daily digest from New York business publications and financial media. Manhattan Business Club publishes short summaries with links to the original sources.
Crain’s New York Business
- MTA, LIRR unions reach potential deal to end strikes – Crain's New York
MTA, LIRR unions reach potential deal to end strikes Crain's New York - Donald Trump announces discount drug pricing expansion with Mark Cuban – Crain's New York
Donald Trump announces discount drug pricing expansion with Mark Cuban Crain's New York - LIRR strike inches toward a fourth day as talks progress slowly – Crain's New York
LIRR strike inches toward a fourth day as talks progress slowly Crain's New York
New York Business Journal
- Mother Ventures closes $10 million debut fund — plus 5 more NYC VC deals to know – The Business Journals
Mother Ventures closes $10 million debut fund — plus 5 more NYC VC deals to know The Business Journals - Hennick & Co. buys shuttered Chambers Hotel – The Business Journals
Hennick & Co. buys shuttered Chambers Hotel The Business Journals - New York designer to open boutique at The Summit – The Business Journals
New York designer to open boutique at The Summit The Business Journals
Bloomberg Markets
- Global Inflation Weighs on G-7 as Higher Bond Yields Persist
Global finance chiefs are coming to terms with the new economic reality that a consumer-price shock they had hopes of skirting is looking likely to endure. - Ruble Tops Global Currencies as Putin Reaps Iran War Oil Gain
Russia’s ruble has muscled its way to become the world’s best performer against the dollar so far this quarter, buoyed by a surge in foreign currency receipts from oil sales follo… - UK Fintech Monzo Reports 44% Jump in Profit on Interest Income
Monzo Bank Ltd. reported a 44% jump in profit in the year through March, as growth in lending lifted interest income.
MarketWatch MarketPulse
- Jobless claims fall to lowest level since mid-May
- Jobless claims stay low in latest week
- Consumer credit growth soars in December
New York Post Business
- Pennsylvania woman loses $24K after falling for ‘Apple high alert’ text scam
“It started with a text message that said, Apple high alert,” the woman, identified only as Barbara, told WGAL. - Casa Tua Cucina latest restaurant drawn to Downtown Brooklyn housing boom, boding well for neighborhood
Casa Tua Cucina on the long-vacant ground floor of the landmarked, former Williamsburgh Bank Tower, will add star power to the district’s culinary scene. - Meta employees told to work remotely Wednesday as company prepares to slash 10% of workforce: report
The companywide bloodbath will take place in three waves, with impacted workers learning their fate by email at 4 a.m. local time in their region, according to an internal documen…
Commercial Observer
- Gigi Hadid’s Guest in Residence Brand Leases Second NYC Store at 1061 Madison Avenue
Guest in Residence, supermodel Gigi Hadid’s luxury cashmere knitwear brand, has leased a 3,550-square-foot retail space at 1061 Madison Avenue on Manhattan’s Upper East Side, Comm… - New TSCG President Nichole Popovics on What to Expect at ICSC
Nichole Popovics, the freshly minted president of retail-focused real estate brokerage TSCG, got off the plane at Las Vegas’ Harry Reid International Airport at 8:30 a.m. on Monda… - Tech Firm Profound Inks 30K-SF Deal at GFP’s 5-9 Union Square West
Marketing intelligence platform Profound has leased 30,000 square feet at GFP Real Estate’s 5-9 Union Square West, Commercial Observer has learned. The lease spans two full floors…
The Real Deal New York
- PolicyPro: City Council revives COPA with “marginal changes”
This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hey there, let’s get into today’s news at the intersection… - LISTEN: The exodus of wealthy tenants at a UES mainstay
New York City real estate lore is full of stories about rent-stabilized tenants battling for a big payday when a developer swoops in to alter a building. The same story isn’t ofte… - Naftali, Blavatnik snag $374M refi for Williamsburg Wharf
More money is flowing towards Williamsburg Wharf, Miki Naftali and Len Blavatnik’s master-planned project along the Brooklyn waterfront. Naftali Group and Blavatnik’s Access Indu…
City & State New York
- Endorsement wars: Rep. Nydia Velázquez takes on Mamdani and the DSA – City & State New York
Endorsement wars: Rep. Nydia Velázquez takes on Mamdani and the DSA City & State New York - BREAKING: State DOT Kills Entire Cross Bronx ‘Highway Expansion’ Project – Streetsblog New York City
BREAKING: State DOT Kills Entire Cross Bronx ‘Highway Expansion’ Project Streetsblog New York City - Study: Universal Pre-K May Reduce Child Neglect – New York City News Service
Study: Universal Pre-K May Reduce Child Neglect New York City News Service