Category: Business

NORTH BROOKLYN — The area containing Bedford-Stuyvesant, Williamsburg, DUMBO, the Brooklyn Navy Yard, Bushwick, Crown Heights, Clinton Hill and Fort Greene is leading the growth of small businesses in the city, according to “Small Business Dynamism in New York City’s Economic Recovery,” a report issued by the city’s Economic Development Corp. this week. Citywide, “new…

FILE – A sign highlighting the financing interest rate is displayed near the price sticker on an unsold 2023 vehicle at a Mercedes-Benz dealer on Nov. 30, 2023, in Loveland, Colo. The Federal Reserve’s decision Wednesday, May 1, 2024 to keep its benchmark rate at a two-decade high should have ripple effects across the economy.…

Amea Wadsworth works on her computer at her home, Friday, April 19, 2024, in San Diego. Wadsworth, who moved back home after graduating college, wanted to use her first full-time job as a chance to save, and a moment to take a hard look at her spending activity. (AP Photo/Gregory Bull) The rules of a no-buy…

General view of the center of Corfu with a little restaurant in Old Town in Corfu, Greece, in May 2024. Sopa Images | Lightrocket | Getty Images Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets of an interest rate…

Bob Iger and Nelson Peltz. CNBC Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at close to $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about…

INDUSTRY CITY — THE BROOKLYN CHAMBER OF COMMERCE’S FIRST-EVER Asian-American Night Market attracted thousands to Sunset Park’s Industry City in honor of AANHPI Heritage Month in May. The event featured more than 60 food, drink, and crafts vendors from a wide spectrum of Asian cultures — representing Chinese, Indian, Indonesian, Japanese, Korean, Laotian, Malaysian, Taiwanese,…

The event, emceed by Broadway performer Joanna Carpenter, featured musical performances by K-Pop musical star Min, Filipino-American rapper and singer Slayrizz, Chinese and Colombian violinist Yut Chia and Indian-American comedian Pratima Mani.  Musical artist Slayrizz entertaining the crowd. Eagle photo by Wayne Daren Schneiderman Randy Peers, BCC president and CEO, pointed out that for the…

FILE – Consumer Financial Protection Bureau Director Rohit Chopra speaks from the South Court Auditorium on the White House complex in Washington, April 11, 2022. The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that…

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images DETROIT – The United Auto Workers union is challenging the results of last week’s organizing vote of Mercedes-Benz workers in Alabama, in…

FILE – An entrance to the New York Stock Exchange is shown on May 8, 2024, in New York. Shares opened lower in Europe on Thursday, May 16, 2024, after most Asian benchmarks gained, tracking a Wall Street rally driven by hopes that inflation is heading back in the right direction. (AP Photo/Peter Morgan, File)…