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
- LaGuardia sinkhole delays flights as runway closed at hub – Crain's New York Business
LaGuardia sinkhole delays flights as runway closed at hub Crain's New York Business - Trump administration taps Halmar, Skanska-led team to redevelop Penn Station – Crain's New York Business
Trump administration taps Halmar, Skanska-led team to redevelop Penn Station Crain's New York Business - Real estate dynasties clash as landlord threatens to seize building owned by Charles Cohen – Crain's New York Business
Real estate dynasties clash as landlord threatens to seize building owned by Charles Cohen Crain's New York Business
New York Business Journal
- A historic Williamsburg factory just changed hands. The new owner has a familiar name. – The Business Journals
A historic Williamsburg factory just changed hands. The new owner has a familiar name. The Business Journals - Private school signs largest-ever lease at 30 Wall Street – The Business Journals
Private school signs largest-ever lease at 30 Wall Street The Business Journals - Manhattan developer pays $43M for luxury SoHo building with Montessori school – The Business Journals
Manhattan developer pays $43M for luxury SoHo building with Montessori school The Business Journals
Bloomberg Markets
- German Private-Sector Activity Contracts for Second Month on War
German private-sector activity shrank for a second month, raising the risk that Europe’s largest economy is succumbing to the knock-on effects of the Iran war. - India Earnings at Risk as Oil Shock Hits Growth
J.P. Morgan is warning that India’s corporate earnings outlook faces rising risks from higher oil prices and prolonged Middle East tensions, with potential downside for equities a… - Markets Are Positioned Optimistically: 3-Minutes MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
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
- Bolt CEO fires entire HR team — blames them for ‘creating’ non-existent problems
The 31-year-old CEO of a historically troubled fintech company, Bolt Financial, has fired his entire HR department as a component of a 30% reduction in headcount, reports People. - Socialist Seattle Mayor Katie Wilson walks back stinging comments about Starbucks, as fears mount that the coffee giant may pull out of the liberal city
“Those comments were not productive in the sense that they caused more harm than good,” Wilson told the New York Times. - Jeff Bezos defends Washington Post layoffs, reveals why he refuses to subsidize unprofitable paper
The massive headcount reduction stunned the media industry, although the paper's heavy financial losses were no secret.
Commercial Observer
- State of California Secures 20K-SF Office at 1180 Avenue of the Americas
The State of California has leased 20,000 square feet of office space at 1180 Avenue of the Americas, Commercial Observer has learned. The deal appears to mark a relocation of th… - Shirley Aninias School Signs 23K-SF Lease at 30 Wall Street
The Shirley Aninias School (SAS), a private special education program for children, has signed the largest lease to date at a Financial District office building. SAS, which was fo… - Trump Administration Selects Development Team for $8B Penn Station Rebuild
At an $8 billion price tag, the Trump administration has a mostly formed plan to revamp Pennsylvania Station that keeps Madison Square Garden in place. Amtrak and the U.S. Departm…
The Real Deal New York
- PolicyPro: J-51 reboot flops for rent-regulated landlords, boosts co-ops and condos
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… - Hotel union deal puts cleaners on track for $100K salaries
Some New York City hotel workers are on track to become six-figure earners under a tentative labor agreement that would reshape the economics of the city’s hospitality industry. T… - Mamdani targets Brooklyn corridors for major housing push
Mayor Zohran Mamdani is teeing up his first major neighborhood rezoning, targeting a stretch of Brooklyn south of Prospect Park for taller buildings and thousands of apartments as…
City & State New York
- Blakeman says unions will back Republicans this year – City & State New York
Blakeman says unions will back Republicans this year City & State New York - Mamdani’s Office of Community Safety wasn’t at his community safety announcement – City & State New York
Mamdani’s Office of Community Safety wasn’t at his community safety announcement City & State New York - Budget voting starts, but the state’s not at the finish line yet – City & State New York
Budget voting starts, but the state’s not at the finish line yet City & State New York