MAY 28 — Business
NYC Economy in 2026: Jobs at a Record, Unemployment at 5.6%
NYS Labor data shows NYC private-sector jobs at a record 4.21 million in April with a 5.6% jobless rate, while NYC Tourism projects 66.3 million visitors in…
Topic
economy
31 pieces on the wire.
MAY 28 — Culture
Broadway Sets a Record Again
The Broadway League said the 2025–26 season grossed $1.91 billion with 14.6 million in attendance — a new annual record, narrowly topping last season's mark.
MAY 27 — Business
NYC's OpenRouter Raises $113M, Doubling Valuation to $1.3B
New York-based AI infrastructure startup OpenRouter raised a $113 million Series B led by Alphabet's CapitalG, more than doubling its valuation to about $1.3…
MAY 26 — Business
NYC's Modal Labs Raises $355M Series C at $4.65B Valuation
New York-based AI infrastructure startup Modal Labs closed a $355 million Series C led by General Catalyst and Redpoint, valuing the serverless compute…
MAY 22 — Politics
Levine Warns NYC Is 'Sleepwalking' Into AI, Urges Bigger Reserves
Comptroller Mark Levine's May 21, 2026 report models five ways AI could reshape NYC's economy and urges the city to nearly double its rainy-day fund to 16%…
MAY 18 — Business
Wall Street Dealmaking Rebounds: Banking Fees Jump 27% in Q1 2026
Investment-banking fees rose an average 27% across six major U.S. banks in Q1 2026, with industry M&A revenue at a record $11.3 billion and JPMorgan topping…
MAY 13 — Politics
Mamdani Budget Adds $3.2M, 20 Staff to NYPD Watchdog CCRB
Mayor Mamdani's $124.7 billion FY2027 executive budget adds $3.2 million and 20 positions to the Civilian Complaint Review Board, the city's NYPD oversight…
MAY 13 — Politics
Mamdani's First Budget: $124.7B Plan Closes $12B Gap, No Cuts
Mayor Zohran Mamdani's $124.7 billion FY2027 executive budget erases an inherited $12 billion gap without raising property taxes, while funding childcare and…
MAY 12 — Business
Kalshi's $1B Raise Headlines a Resilient NYC Venture Spring
New York prediction-market startup Kalshi confirmed a $1 billion round led by Coatue at a $22 billion valuation — the marquee deal in a spring when NYC…
MAY 04 — Business
Manhattan Office Availability Falls to 15.1% as Class A Space Tightens
CBRE's Q1 2026 figures show Manhattan office availability down to 15.1%, leasing 14% above the five-year average, and prime Midtown vacancy at just 2.9%.
APR 30 — Transit
Gateway Awards $1.29B Contract to Bore the Hudson Tunnel
The Gateway Development Commission awarded a $1.29 billion contract to bore the under-river section of the new Hudson rail tunnel, the project's last major…
APR 22 — Business
American Express Posts Best Spending Growth in Three Years in Q1 2026
Lower Manhattan-based American Express reported Q1 2026 revenue of $18.9 billion, up 11%, with Card Member spending up 10% — its strongest quarterly growth…
APR 16 — Business
JPMorgan Posts Record $16.5B Quarterly Profit as Dimon Warns on Risks
Manhattan-based JPMorgan Chase reported first-quarter 2026 net income of $16.5 billion, up 13%, on record trading and stronger dealmaking — even as CEO Jamie…
APR 15 — Business
Morgan Stanley Posts Record $20.6B Quarter on Trading
Midtown-based Morgan Stanley reported record first-quarter 2026 net revenues of $20.6 billion and EPS of $3.43, powered by record equities trading and $118…
APR 15 — Food
Mamdani Names La Marqueta as First Site for City-Run Grocery Stores
Mayor Mamdani named La Marqueta in East Harlem as the first site for his planned network of five city-owned grocery stores, one per borough, targeted to open…
APR 14 — Business
Goldman Sachs Posts $5.6B Profit on Record Trading and Dealmaking
Lower Manhattan-based Goldman Sachs reported first-quarter 2026 net earnings of $5.63 billion, its second-highest revenue quarter on record, as volatile…
APR 02 — Business
NY Cannabis Sales Top $3.3B as NYC's Bottleneck Shifts to Real Estate
New York's legal cannabis market has crossed $3.3 billion in cumulative sales with 610 licensed dispensaries open, but in New York City the constraint on new…
MAR 20 — Business
NYC Eyes 66.3M Visitors in 2026 as Hotel Rates Hit $334 a Night
New York City projects 66.3 million visitors in 2026 after tourism generated $84.7 billion in economic impact in 2025, with hotel occupancy and room rates…
MAR 10 — Business
Saks Global Closes 15 More Stores in Bankruptcy Restructuring
New York-headquartered Saks Global will shut 12 more Saks Fifth Avenue stores and 3 Neiman Marcus locations as it works through a Chapter 11 filing driven by…
FEB 24 — Politics
Mamdani Resumes Curbside Composting Fines, Reversing Adams Pause
The Mamdani administration restored fines for failing to separate food scraps starting January 1, 2026, issuing 330 noncompliance summonses in the first…
FEB 19 — Politics
CUNY Lands Record $25M in Federal Funds for 21 Projects on 15 Campuses
CUNY secured a record $25 million in federal fiscal 2026 appropriations for 21 projects across 15 campuses, funding AI and cybersecurity workforce programs…
FEB 04 — Food
City Council Overrides Adams Vetoes, Expanding Street Vendor Licenses
The City Council on Jan. 29 overrode former Mayor Eric Adams' vetoes of a street-vendor reform package, clearing 2,200 new food-vendor licenses a year…
FEB 02 — Business
IBM Posts 12% Revenue Growth as Mainframe and AI Drive Best Year in Decades
Armonk-based IBM reported Q4 2025 revenue of $19.69 billion, up 12% and ahead of forecasts, powered by its z17 mainframe and a generative-AI book now topping…
DEC 11 — Health
DiNapoli Warns Federal Cuts Threaten NYC Public Hospitals
State Comptroller DiNapoli warned Dec. 10, 2025, that federal Medicaid cuts could cost NYC Health + Hospitals up to $622M in DSH funding as the city braces…
DEC 01 — Business
Omnicom Closes $13B Interpublic Deal
New York-based Omnicom completed its acquisition of crosstown rival Interpublic Group on November 26, 2025, creating the world's largest…
NOV 03 — Food
Basta Pasta, Flatiron's Japanese-Italian Mainstay
Basta Pasta, the Flatiron restaurant famous for parmesan tossed tableside in a wheel of cheese, served its last meal at 37 West 17th Street on October 30…
SEP 15 — Transit
Fare and Toll Evasion Cost the MTA About $1 Billion in 2024
A Citizens Budget Commission report pegs 2024 MTA fare and toll evasion at roughly $1 billion, with buses hit hardest — even as enforcement ramps up and 2025…
SEP 12 — Food
NYC Extends $21.44 Minimum Pay to Grocery Delivery Workers
After a veto override, New York's minimum pay law now covers grocery-delivery couriers on apps like Instacart and Shipt — closing a four-year gap with…
SEP 09 — Sports
US Open Draws Record 1.14M Fans to Flushing Meadows
The 2025 US Open drew a record 1,144,562 fans to Flushing Meadows, paid out a record $90 million in prize money, and crowned Carlos Alcaraz and Aryna…
JUN 18 — Food
New York Sweeps Top James Beard Awards
At the 2025 James Beard Restaurant and Chef Awards in Chicago, Jungsik Yim won Outstanding Chef and Atomix took Outstanding Hospitality, among several New…
FEB 19 — Food
New York's Ban on Reservation Scalping Takes Effect
The Restaurant Reservation Anti-Piracy Act took effect February 17, 2025, barring third-party platforms from reselling tables without a restaurant's written…