It’s a race to the top in Downtown Brooklyn. The borough’s densest neighborhood has witnessed a development boom that is now squeezing skyscrapers to heights of over 1,000 feet, rivaling the supertalls on Billionaires’ Row in Manhattan. “Downtown Brooklyn didn’t have much of an identity over the last decade,” said Jared Della Valle, CEO and
In this article UAL TRV AAL SIG F RF Check out the companies making headlines before the bell: Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue also beating analyst forecasts. Travelers benefited from stronger results in investment income and underwriting, and
Bill Gates is excited about how many new climate tech start-ups have popped up in recent years. He also thinks that plenty of them won’t last. “The number of companies working on these things is very exciting,” Gates said on Wednesday, in a virtual session of the World Economic Forum. “Some of them will fail.
Spencer Platt | Getty Images IPO investors in a record-breaking issuance rush in 2021 have so far been disappointed by dismal returns, and the outlook for the once-booming market is only getting worse with rising rates and insider selling on the horizon. Last year, the number of U.S. traditional IPOs climbed to the highest levels
Rising prices have already taken a toll on how many Americans feel about their finances. Even as the economy recovers and employers roll out wage increases to attract and retain workers amid an ongoing labor shortage, most workers say it’s not enough in the face of soaring inflation. In 2022, companies expect to give their
Jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge was hitting the employment picture. Initial filings for the week ended Jan. 15 totaled 286,000, well above the Dow Jones estimate of 225,000 and a substantial gain from the previous week’s 231,000. The total was the highest
Jasmina007 | E+ | Getty Images LONDON — Moving overseas might not seem like the most obvious thing to do during a pandemic, but for many people, Covid-19 provided the nudge they needed to take the plunge. Around one in 10 readers of expat website InterNations said they had decided to move abroad as a result of the
The answer to New York City’s affordable housing crisis? Make Manhattan bigger. Rutgers professor Jason Barr believes there is a single solution to both cheaper NYC real estate and the issue of increasing global warming-related climate threats: Build more NYC. “There is a way to help tackle both issues in one bold policy stroke: expand
In this article USB PG UNH STT MS SOFI Pampers Diapers, which are manufactured by Procter & Gamble, are displayed in an Associated Supermarket in New York. Ramin Talai | Bloomberg | Getty Images Check out the companies making headlines in midday trading. SoFi – Shares of the mobile financial services company surged more than
Prime Minister Scott Morrison on Wednesday announced Australia will refund visa fees for vaccinated backpackers who arrive within the next three months. The country — whose tight, pandemic border policies locked out its citizens, and more recently, one of tennis’s biggest stars — is encouraging backpackers to visit. And it’s doing so because it wants
Carlina Teteris | Moment | Getty Images If you’re a 401(k) plan saver, odds are you are getting a “match” from your employer. But there’s a catch — that free money may not belong to you yet. About 98% of companies that offer a 401(k) plan make regular contributions to workers’ retirement savings, according to
Loading chart… DuPont de Nemours: “Sold it for the [charitable trust] yesterday. Why? Because it had moved up. We wanted to be able to take a good gain.” Loading chart… Commercial Vehicle Group: “I like stocks that are inexpensive and have to do with autos, and there you’ve got one. I think you’re in good
Filling this house would be no small task. “Full House” creator Jeff Franklin is selling his massive Beverly Hills estate for a whopping $85 million. Eerily enough, the home is where the Manson murders famously took place. It is also where Franklin hosted the reception for Bob Saget following the late comedian’s funeral on Saturday.
A trader on the floor of the New York Stock Exchange. Getty Images U.S. equities futures were little changed Wednesday after another choppy trading session as investors remained cautious amid rising rates and the Nasdaq dipped into correction territory. Futures tied to the Dow Jones Industrial Average slipped by 28 points, or 0.08%. S&P 500
For billionaire investor Mark Cuban, there was one defining moment that led him to go all in on cryptocurrency. “I always paid attention to bitcoin, the pricing, the tokens and the [crypto]currencies,” Cuban told Miami Mayor Francis Suarez at The North American Bitcoin Conference on Monday. “But what really got me into it was, about
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler said Wednesday that the regulator is eyeing tighter disclosure deadlines for hedge