Business

Business openings, closings, and local economic news.

A mother checking fuel prices on her phone in NYC

Oil majors resist pressure to invest in new refineries as fuel prices keep rising

In a bustling New York City café, a mother of two stares at her phone, anxiously checking the latest fuel prices. The numbers flash ominously, reflecting the rising costs that have become a daily concern for families across the nation. As conflicts in the Middle East and Ukraine continue to disrupt...

Marcus Chen

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Billionaire Paul Tudor Jones II at a financial conference

Business•4h

Quant hedge fund to spin out of Tudor in record $9bn launch

In a bustling New York City office filled with the hum of financial ambition, the atmosphere is electric as news breaks of a monumental shift in the hedge fund landscape. Xantium, a quant hedge fund, is set to spin out from its parent company controlled by billionaire Paul Tudor Jones II in a...

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German gas storage facility with winter landscape

Business•4h

Germany fails to meet Winter gas storage target

As winter approaches, a chill is settling in not just in the air but also in the European energy market. In a stark revelation, Germany has fallen short of its winter gas storage targets, a situation that could have ripple effects across the European Union. With colder months ahead, this failure...

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Investors watching midterm elections closely in NYC

Business•4h

Bond investors sit out ‘most consequential’ US midterm elections in years

As the sun rises over Wall Street, the air is thick with anticipation. Investors, usually bustling with activity, are now sitting on their hands, eyes glued to the horizon of the upcoming midterm elections. The stakes have never been higher, with analysts deeming this cycle the 'most consequential'...

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Cargo ship navigating Arctic waters with grain cargo.

Business•4h

Russia forced to ship grain via Arctic as Black Sea battles rage

In the icy expanse of the Arctic Ocean, a lone cargo ship navigates treacherous waters, its hull laden with grain destined for international markets. This scene is becoming increasingly common as Russia, facing ongoing conflict in the Black Sea, is forced to reroute its agricultural exports. The...

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Veterans discussing military service in NYC

Business•4h

Military briefing: what would another US-Iran conflict look like?

As the sun dipped below the horizon in a quiet New York City neighborhood, a group of veterans gathered to share stories of their service. Among them was Michael Thompson, a former Army sergeant who fought in the Middle East. "We always knew the stakes were high, but the thought of another conflict...

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Qiulae Wong speaking at a community event

Business•4h

New Zealand’s kingmaker could be a 38-year-old ex-KPMG consultant

In the bustling streets of New York City, conversations about housing affordability and economic stability permeate coffee shops and community centers alike. Among the myriad voices advocating for change, one stands out — that of Qiulae Wong , a 38-year-old former KPMG consultant whose innovative...

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A Toyota-backed electric truck navigating New York City streets.

Business•8h

Toyota-backed truckmaker bets on aftersales service to fend off Chinese EV rivals

As the sun sets over New York City, the hum of bustling streets is punctuated by the roar of trucks navigating through the concrete jungle. Among these vehicles, a new player is emerging in the electric vehicle (EV) market: Archion, a truckmaker backed by Toyota. With the rise of Chinese EV rivals,...

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Campaign rally in Detroit showcasing Democratic candidates

Business•10h

Michigan feud threatens Democratic unity in key Senate race

On a crisp autumn day in Detroit, the sun cast a warm glow over the bustling streets, where the sounds of campaign rallies echoed in the distance. Among the throngs of supporters, Abdul El-Sayed stood at the forefront of a gathering that promised to unite his party. However, a sudden decision to...

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Prime Minister Mateusz Tusk addressing supporters in Warsaw

Business•11h

Tusk vows to press on with overhaul of Poland’s judiciary

In the heart of Warsaw, where cobblestone streets echo with the footsteps of a nation grappling with its identity, Prime Minister Mateusz Tusk addressed a gathering of supporters, his voice steady and resolute. "We will not back down," he declared, as the crowd erupted in applause. This moment,...

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Group of friends discussing financial decisions in a Brooklyn café

Business•14h

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...

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A hospital room with a frail man reflecting on his life and family.

Business•15h

‘He was heartbroken’: My husband’s kids abandoned him when he was dying. Was he right to leave everything to me?

In a dimly lit hospital room, John Miller lay frail and weak, the sounds of beeping machines a stark reminder of his declining health. Surrounded by the sterile smell of antiseptic, he reflected on his life, his legacy, and the family he had once cherished. His thoughts drifted to his two children,...

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A sunset over New York City, symbolizing uncertainty for retirees

Business•15h

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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