New York City Council Bans Cashless Food And Retail Stores


The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average.

New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says


The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. Coronavirus Consumer Spending debt economy new york city News What's Hot


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Related Cos. CEO Calls For Workers To Come Back To New York City


Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. People have left the city. This is about bringing New York back to life.

New York City Sees Surge In Street Vendors


Fast forward 90 years and New York City is suddenly seeing a big jump in the number of street vendors as the jobless try to find new ways to make ends meet, The Wall Street Journal (WSJ) reported. Economy economy new york city News Retail What's Hot

New York City Restaurants Could Reopen In July


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. “We’ll

Retail Vacancies Spike In New York City


As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. Overall, the 24-neighborhood analysis indicates that vacancy has grown across the city’s five boroughs. Earlier this year, news surfaced that rents were falling and vacancies were rising on New York’s storied Fifth Avenue.

New York City Sees Lower Rents Due To Pandemic


The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. Real Estate Coronavirus economy new york city News real estate Retail What's Hot

Amazon Rethinks New York City HQ2 Campus


After facing resistance from politicians and protestors, Amazon is reportedly rethinking its planned New York City campus. The eCommerce retailer, which had intended to bring 25,000 jobs to the city, hasn’t acquired office space for the effort as of now, The Washington Post reported. While Virginia officials provided the company with an incentive package, the state of New York is not projected to provide final approval for another year.

Mercari Links With Postmates To Offer Mercari Now Delivery Service In Parts Of New York City


Residents of Manhattan and Brooklyn can now use Mercari ’s new Mercari Now service in conjunction with Postmates to sell each other goods without having to physically connect, the company announced in a press release Tuesday (Oct. The company said the New York offering follows a successful three-month trial program in San Francisco. CEO John Lagerling said the company has a loyal user base in New York City.

New York City Mayor De Blasio Says Phase 4 Reopening To Start Monday


New York City Mayor Bill de Blasio said the city is set to enter the last phase of reopening on Monday (July 20), Bloomberg News reported. It will also be expanded to include another 40 city blocks, including Chinatown, the mayor said.

Nordstrom Opens New Flagship Store In New York City


As it expands in New York City, Nordstrom opened the doors to its first-ever flagship store for women and children on West 57th Street across from the new Nordstrom Men’s Store that debuted last April. The new flagship store occupies the base of the Central Park Tower, which the company says is the tallest residential building in the world, according to an announcement. Retail beauty brick and mortar new york city News Nordstrom What's Hot

Tech Center: New York City Takes on Tech Full Force


For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player.

Starbucks To Open Pickup Location In New York City


As the company modernizes and reimagines the customer experience in stores located in high-traffic metropolitan areas, Starbucks plans to open a Starbucks Pickup store in New York City on Tuesday (Nov. In separate news, Starbucks reported growth in the ranks of its rewards program membership as it continues to pursue new opportunities to expand digital customer relationships.

Walmart Bringing Same-Day Delivery To New York City


s unit is getting into the same-day grocery delivery market, gearing up to offer the service in New York City. Bloomberg , citing a statement the company made via email, reported that Jet plans on opening up a fulfillment center in the Bronx in the fall that will enable same-day and next-day delivery of groceries in New York City. Jet told Bloomberg the new fulfillment center will result in the creation of hundreds of new jobs.

New York City shuns Wells Fargo over discrimination claims

American Banker

Industry News Originations Politics and policy Racial bias

Sleep Number Unveils New Interactive Store In New York City


Sleep Number is opening a new brick-and-mortar store in the New York City’s Flatiron District, adding to its portfolio of over 560 locations. Our new Sleep Number store in the Flatiron District demonstrates the transformative impact of our smart beds on individual comfort, restfulness and well-being.”. With the store experience, shoppers can see a digital map that shows how people in neighborhoods across the city are sleeping.

New York City comptroller presses U.S. Bank on fake accounts

American Banker

City of New York, NY CFPB

Walmart’s Jet to cease its New York City fresh grocery business

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s Jet subsidiary is ending its fresh-food delivery business just a year after introducing the service in New York City, another sign that the urban-focused site is scaling back. Walmart Inc.’s

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


intends to provide a $20,000 bonus to workers who choose to leave San Francisco, Seattle or New York while reducing their base salaries by up to 10 percent, Bloomberg reported, citing an unnamed source.

In New York City, paper receipts set to go the way of foie gras

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Those yard-long paper receipts that spew from cash registers may be following plastic bags and foie gras into the dustbin of New York City history. Point-of-sale Retailers Compliance New York

COVID Surge Prompts Gov. Cuomo To Again Shutter NYC Indoor Dining 


The struggling New York City restaurant industry was dealt a blow on Friday (Dec. 11) when New York Gov. In New York City , you put the CDC caution on indoor dining, together with the rate of transmission and the density and the crowding, that is a bad situation.

Hilton Hotel In Times Square To Close


In a filing with New York’s State Department of Labor Monday (Aug. The iconic hotel on West 42nd Street was shuttered and furloughs began in mid-March as COVID-19 struck the city, The Wall Street Journal (WSJ) reported. The Hilton is not the only New York hotel taking a hit.

National Bank of New York City 60+ Month CD Rate Soars


National Bank of New York City has substantially raised the rate of its 60+ Month CD ($2.5k minimum opening deposit), Available online in the NYC Tri-state area

NYC Approves Restaurant Surcharge 


It could cost more to dine in New York City restaurants. The City Council approved an optional 10 percent fee restaurateurs can charge to ease the financial hardship brought on by COVID-19, The Wall Street Journal reported.

What's amazing in fintech now: Maria Gotsch, President and CEO, Partnership Fund for New York City

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Fintech Innovation Startup Leaders

IBM hosting two day Sales Performance Management Summit in New York City

Insights on Business

IBM is excited to be hosting the 2019 Sales Performance Management Summit, being held in New York City for sales executives and compensation leaders. Also discussed will be product demos about the new capabilities and features of the most recent release of IBM Incentive Compensation Management (ICM). Featured Carousel Featured Homepage Sales Performance Management events ICM Incentive Compensation Management New York NYC

Silicon Valley’s Lead in Innovation Centers is Shrinking

Bank Innovation

A new report shows that despite many companies struggling to maintain a culture of innovation, financial services companies are among the top three industries getting it right. DataBank Innovations Online Open Fintech Payments Startups fintechs innovation labs New York City TexasIf it feels like innovation has been one of the hot themes of 2017 in the financial world, it’s because its true.

NYC Renters Fall More Than $1 Billion Behind In COVID Economy


As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. He added that the total amount of what the city’s renters owe, including those in apartments that aren’t rent-regulated, would probably add up to $2 billion.

Modernized transit fare systems brace for commuters' return

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Contactless payments Transportation technology New York City Transit Payment processing

Bundle Up: NYC Restaurants To Offer Year-Round Outdoor Dining


Dining out has taken on new meaning in New York City. Open Street, the city program that closes street blocks to vehicular traffic, will also be permanent. “I Retail Coronavirus new york city News Restaurants What's Hot

NYC Sees 40 Pct Hike In Bankruptcies As Office Workers, Tourists Stay Home


Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. Economy bankruptcy economy new york city News Restaurants Retail What's Hot

Data: 87 Pct Of NYC Restaurants Couldn't Pay Full Rent In August


Eighty-seven percent of New York City restaurants, bars and other such venues couldn't pay their full rent during August, according to the most recent Rent Report from the NYC Hospitality Alliance. Economy economy new york city News Rent Payments Restaurants What's Hot

NYC Tells Residents To Stay Home For Holidays


New York City Mayor Bill de Blasio is attempting to dissuade city residents from traveling out of state for the holidays in hopes of containing the spread of COVID-19, CNBC reported. De Blasio said his guidelines came from directives from the city's health experts.

NYC To Reopen Indoor Dining As Virus Cases Stay Low


New York City will reinstate indoor dining as of Sept. The reason for the reopening of indoor dining, Cuomo said, is because compliance with distancing restrictions among New York City restaurants has now exceeded 99 percent.

Coronavirus Fear Infects NYC Ridesharing


Such is the situation emerging in New York City among taxi and ridesharing drivers — who, in an attempt to avoid the coronavirus, are avoiding Chinese passengers. so far — none of which have been in New York state, let alone New York City.