Brave New World: Uncle Sam is taxing robots as companies invest in advanced tech
It’s a brave new world for the IRS: taxing robots. Uncle Sam is padding the Treasury with millions of dollars to assess bots at the same time that corporations invest more in advanced technology and...
View ArticleEconomy teetering on edge of recession as rates fall, analysts warn
Conventional wisdom has it that lower interest rates equal good news for borrowers — but that might not be the case in today’s economy. As the US interest rate falls, banks are ginning up policies that...
View ArticleIEX Exchange may be up for sale after leaving listings business
It could be done in a flash. The high-speed IEX Exchange — made famous in Michael Lewis’ 2014 bestseller “Flash Boys: A Wall Street Revolt” — is believed to be up for sale after its announcement last...
View ArticleMoney woes imperil mental, physical health
America’s personal financial meltdown has begun — and it’s playing out in the doctor’s office. The record debt US consumers are ratcheting up is propelling a rise in mental illness and widespread...
View ArticleUS banks face uncertain future in coming years
You can’t necessarily bank on the future. An astonishing 50% of US commercial banks could be gone in the coming years — a huge loss of over 3,000 FDIC-insured institutions — just as many start to...
View ArticleE-tailers turning to mall space as former mall merchants die
Reports of the death of the American mall are greatly exaggerated. While brick-and-mortar mall merchants such as Payless, Sears and Family Dollar are dying at a record pace, more online brands are...
View ArticleNew York’s super-rich migrating south for better value
Quitting New York is making financial sense for many of the city’s super-rich. Analysts say a growing number of New York’s financial elite believe that fleeing the city for other states with lower...
View ArticleHigh-earning bankers have little holiday cheer as low bonuses, layoffs foreseen
Forget the Champagne and fancy appetizers for Wall Streeters’ New Year festivities. High-earning bankers and traders are not in a party mood this year, fearing a mass wave of pink slips and lower...
View ArticleWage hikes, other costs drive bar and restaurant owners out of city
It could soon be last call for hundreds of struggling New York City bars and restaurants. Despite the white-hot local economy, many eateries and watering holes are teetering on the brink of financial...
View ArticlePoor NYC neighborhoods a big lure for investors
New York City may be on the cusp of a new multibillion-dollar investment boom. A gold mine of prospective opportunities is slowly luring capital into some of the city’s poorest neighborhoods. It’s...
View ArticleTips if you’re let go because of coronavirus
Workers fired or dislocated by the coronavirus have big questions about everything from health care and unemployment benefits to fears of termination and coronavirus exposure. Employment attorneys and...
View ArticleBusiness analysts see potential summer recovery for economy
Millions of Americans, idled by the coronavirus pandemic, could soon be back at work — and still keeping their social distance. Business leaders and analysts see promising signs of a recovery in the...
View ArticleThe NYC billionaires who got richer during the COVID-19 pandemic
Big Apple billionaires are booming -- with a collective wealth that ballooned by $81B to more than $600B amid the pandemic.
View ArticleOpponents seek to block proposed sale of mansion housing Irish Historical...
Eire’s glitterati—from Hollywood to law and literature—are rallying to block the proposed $52 million sale of the historic Fifth Avenue mansion housing the American Irish Historical Society. Opponents...
View ArticleCatholic activists slam Seton Hall radio station’s ‘Satanic’ music
All hell has broken loose at Seton Hall University, where religious objections have been raised over a student-run radio station playing heavy metal. The Catholic college-owned WSOU – which boasts “the...
View ArticleBeijing tops NYC in number of billionaires on latest Forbes list
The Chinese capital has exactly one more billionaire than Gotham, 100 to 99, according to Forbes' recently released list.
View ArticleNYers are saving thousands thanks to COVID-19 work-from-home setups
New Yorkers have saved an average of $5,000 during the pandemic. These Gothamites told us how they did it.
View ArticleUS priest: Exorcisms on the rise as demons now haunt victims by text
US priest Stephen Rossetti, who performs some 20 exorcisms a week, says demons are everywhere — even haunting their victims by text.
View ArticleNYC ad execs showering workers with massive holiday tips
A group of advertising industry employees are decking out New York’s diners and food carts for Christmas with lots of green -- tips of $100 or more.
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