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New York City Restaurants Could Reopen In July

PYMNTS

Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported.

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Stripe To Give $20K Bonus, Then Pay Cut For Workers Who Leave New York City, San Francisco Or Seattle

PYMNTS

Bureau of Economic Analysis data from 2018, which indicated that the San Francisco Bay area had some of the most expensive prices for products and services with the inclusion of rent in comparison to big U.S. Stripe, which is based in San Francisco, has approximately 2,800 employees and has depended on telecommuting for a long time.

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Retail Rents Plummet In NYC As Vacancies Rise

PYMNTS

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. Several businesses also left the city because they could no longer handle the price of rentals, the report noted. .

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Lyft Follows Uber With NYC Lawsuit Over Cruising Time Cap

PYMNTS

Lyft has filed a lawsuit against New York City over a mandate limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, Cnet reported on Friday (Oct. The suit asks that the city’s Taxi and Limousine Commission’s (TLC) cruising rule be invalidated.

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Grubhub Fees Eating Into Restaurant Profits, NYC Councilman Says

PYMNTS

New York City Council Member Mark Gjonaj says the food delivery app Grubhub is hurting restaurant profits by charging fees that are too high, The New York Times reported on Monday (Sept. Restaurant owners grumbled about the fees at a June meeting of the New York City Council’s small business committee.

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

The purchase amount threshold for the GTOs to apply remains at $300,000 , where it has been set since 2018 when it was determined that money laundering is widespread within all residential real estate, not only on higher-end, expensive properties. New York City and Miami were the original targets under the first order in 2016.

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M&A Moment: March 2018

Bankelele

Banking and Finance: Finance, Law, & Insurance M&A Centum Investments is selling its shareholding in GenAfrica Asset Managers to Kuramo Capital LLC, an independent investment management firm based in New York City with offices in Nairobi and Lagos, and […].