China’s economic rebound under threat from Delta outbreak

For our free coronavirus pandemic coverage, learn more here. China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, adding another risk to the economy just as consumption was picking up. Authorities rushed to close tourist sites, call off cultural events and cancel flights, as the outbreak […]

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Real estate giant Related Cos. to require all employees to get vaccinated

More On: Related Companies Vessel owner seeks to stop suicides at popular NYC tourist attraction NY real estate firm works to expand Mt. Sinai’s coronavirus treatment capacity Hudson Yards’ big, phallic buildings inspire sex toys Related Companies share details on Roosevelt Island’s affordable new digs Related Companies is the latest New York-based real estate giant to crack down on employees […]

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Condé Nast paid back rent to One World Trade Center

More On: one world trade center Calvary Baptist Church revives exciting plans for tower Lightning hits WTC just as weather report goes live NYC’s iconic towers are reopening with new luxe perks Conde Nast blasted for skipping out on $2.4M in rent at One WTC The owners of Condé Nast went eyeball-to-eyeball with their landlord at One World Trade Center […]

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High fiscal borrowings won’t crowd out private sector: CEA

SEBI member asserts ‘no doubt’ borrowings are crowding out corporate bonds Concerns about high government borrowings crowding out the private sector’s fund-raising efforts were misplaced and not based on evidence, Chief Economic Advisor Krishnamurthy Subramanian asserted on Thursday reacting to comments made earlier by a member of the Securities and Exchange Board of India (SEBI). “It’s a very tempting argument […]

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Danny Meyer’s restaurants to require proof of COVID-19 vaccine

More On: danny meyer German bank doubles space in Midtown West tower Danny Meyer halts indoor dining at all NYC restaurants due to COVID-19 uptick Restaurateur Danny Meyer nixes famous no-tipping policy NYC restaurants worry customer-density rules will sour reopenings Danny Meyer’s Union Square Hospitality Group will require proof of vaccination against COVID-19 from its staff as well as anyone […]

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Ford Q2 Profit Down, But Beats Estimates

Ford Motor Company (F) reported a profit in the second quarter that decreased on Tuesday despite better revenue. Both revenue and earnings managed to beat analyst estimates. The company said that the net income was $561 million or $0.14 per share down from $1.17 billion or $0.28 per share last year. Excluding special items, the earnings were $0.13, compared to […]

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Morgan Stanley hikes starting pay for junior bankers to $100,000

More On: morgan stanley Indoor mask mandates would choke big banks coming back to NYC Morgan Stanley to white-shoe law firms: Get back to the office Morgan Stanley CEO doubles down against working from home Morgan Stanley posts strong earnings as aggressive acquisitions buoy revenue Morgan Stanley said it will start paying six-figure base salaries to its entry-level bankers as […]

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If Biden can reel in the big fish, so can we

In the search for explanations of the slowdown in productivity improvement, the world’s economists are closing in on one of the significant causes: reduced competition between the businesses in an industry, giving them increased “market power” – ability to raise the prices they charge. Research by various Treasury economists has found evidence of this happening in Australia. And this month […]

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Sun Valley rumors swirling about new ‘neighbor’ Mark Zuckerberg

More On: on the money Goldman Sachs caught in flareup over natural gas pollution in North Dakota Bill Gates opens up about divorce at Sun Valley, blames himself: source Martha Stewart just dumped more chunks of stock in her old company Teneo’s new chairwoman Ursula Burns a ‘longtime pal’ of ousted CEO Declan Kelly As Mark Zuckerberg fights off antitrust […]

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