Business

Business openings, closings, and local economic news.

Group of friends discussing financial decisions in a Brooklyn café

This is where most people go wrong in their 30s and 40s

In a bustling café in Brooklyn, a group of friends gather around a table, animatedly discussing their futures. As laughter fills the air, the conversation shifts to the weighty decisions that lie ahead in their 30s and 40s. For many, these years are pivotal, shaping not just their careers, but...

Marcus Chen

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A sunset over New York City, symbolizing uncertainty for retirees

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Is it curtains for COLA? Saving Social Security could mean changing the cost-of-living adjustment.

As the sun sets over the skyline of New York City, a sense of uncertainty looms for millions of retirees. For many, the promise of a comfortable retirement hinges on the reliability of Social Security benefits, particularly the Cost-of-Living Adjustment (COLA) that helps keep pace with inflation....

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Bitcoin's white paper anniversary celebration with small business owners in NYC

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Bitcoin's white paper turns 18, and small businesses are still paying for the bailouts it answered

On a chilly November morning in 2008, a mysterious figure named Satoshi Nakamoto unveiled a groundbreaking concept that would forever alter the landscape of finance. From a simple white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," a revolution was born, one that aimed to provide...

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Retired man reflecting on his financial future in NYC park

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80% of workers make this 401(k) mistake when they retire

As the sun sets over the bustling streets of New York City, a retiree named John Thompson sits on a park bench, reflecting on his decades of hard work. After 30 years in finance, he finally stepped into retirement, eager to enjoy the fruits of his labor. Yet, like many others, John unknowingly fell...

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A couple discussing financial strategies in their home.

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Want guaranteed income in retirement without an annuity? Try laddering I bonds.

As the sun sets over the bustling streets of New York City, the allure of financial security in retirement becomes a pressing concern for many residents. For individuals like Linda and Mark Thompson, a couple in their late fifties who have dedicated their lives to their careers and family, the...

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Business•5h

Binance replenishes 90% of assets stolen in record hack

Cryptocurrency exchange Binance said on Saturday it has been able to cover 90 per cent of the amount stolen after a record US$6.3-billion hack of its platform.

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A church gathering in NYC discussing financial stewardship.

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Our church has a $1.5 million bequest earning 3.75% in a savings account. Are we throwing money away?

As the sun set over the bustling streets of New York City, a congregation gathered in the warm embrace of their church, a sanctuary of hope and community. Among them was Pastor John Matthews, whose heart swelled with gratitude for a recent windfall—a $1.5 million bequest that had the potential to...

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Retired couple enjoying Central Park in NYC

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What gave this city its ‘best place to retire’ crown? You can actually afford to live there.

As the sun rises over the skyline of New York City, a retired couple strolls through Central Park, hand in hand, savoring their newfound freedom. They’ve traded in the daily grind for leisurely mornings and afternoons filled with art galleries, theater performances, and community events. This urban...

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Evacuation scene in Oleshky, Ukraine during ceasefire

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Evacuees from Russian-occupied city arrive in Ukraine

As dawn broke over the Ukrainian countryside, a convoy of buses rumbled through the quiet streets of Oleshky, a city long held under the grip of Russian occupation. Among the passengers was 34-year-old Yulia Petrenko, clutching her young son’s hand tightly, her eyes reflecting a mix of hope and...

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Investors analyzing stock market trends in NYC

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The S&P 500 isn’t the big winner you may think it is

In a conference room overlooking the bustling streets of New York City, a group of seasoned investors gathered for their quarterly meeting. As they discussed their portfolios, a palpable tension filled the air. Many had come to believe in the mantra that stocks, particularly the S&P 500, are a...

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Iran's Supreme Leader Ayatollah Khamenei addressing military commanders

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Iran warns it will retaliate without ‘geographical limitations’ if attacked

In a tense meeting with military commanders, Iran's Supreme Leader Ayatollah Ali Khamenei issued a stark warning: any attack on Iran will be met with immediate retaliation, with no geographical limitations on the response. This declaration comes at a time of heightened tensions in the Middle East,...

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Stock market trading floor with traders analyzing charts

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The stock market’s front-runners stumbled in October. Here’s where the smart money is moving now.

As the leaves turned and October rolled in, Wall Street's hopes for a strong finish to the year began to dim. Investors watched in disbelief as the once-reliable front-runners faltered, sending ripples of concern through the financial heart of New York City. In a month marked by rising borrowing...

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A family gathering in NYC, showcasing the importance of financial support among generations.

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If you really want to help your adult kids and grandkids, give them money while you’re still alive

As the sun began to set over the bustling streets of New York City, a group of friends gathered on a rooftop terrace, sharing laughter and stories. Among them was Martha, a retired teacher, who had recently made a significant decision: she started providing financial support to her adult children...

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