All of New York City’s businesses are hurting in the wake of the global coronavirus pandemic. The number of Black-owned businesses in general fell by close to 40% during the crisis. Diners, restaurants, and eateries have been particularly hard hit. Black-owned restaurants across the City have seen revenue fall as much as 80% since March… Continue Reading
Investing and Global Finance News
Author Archives: Tom Sanderson
Shifts in Home Stores in New York City
Housewares giant Home Depot announced that it has signed a lease to take over the 120,000 square feet, 4-story facility that was once occupied by Bed Bath & Beyond store at 410 E. 61st Street in Manhattan’s Upper East Side. This is Home Depot’s third location in New York City, with one in the Flatiron… Continue Reading
FinTru Opens Offices in New York
The UK-based financial services firm FinTrU opened its first North American offices in New York City. The FInTru offices are set up on Avenue of the Americas in Manhattan and represent an international growth for the award-winning fintech company. “Many of our tier one investment bank clients are based in New York so it was… Continue Reading
BIDs to the Rescue
New York City’s BIDs (Business Improvement Districts) and neighborhood organizations are a pivotal lifeline for local shops and stores. The BIDs take on the lion’s share of street cleaning, marketing campaigns, and publicity. The tragic economic effects of the coronavirus pandemic have only heightened the need for BIDs. They are helping businesses stay open, advocating… Continue Reading
From Yemen to New York: Historic Coffee Finds a Home
Quhwah House is one of Brooklyn’s newest coffee shops. But the traditions and beans which make it special are already eight generations old. Ibrahim Alhasbani, the owner, is from Yemen. He comes from a longline of coffee farmers and is proud to keep the family business alive. Alhasbani decorated the store’s walls with images conveying… Continue Reading
Social Media Steps in to Rescue New York City Bookshop
The Strand, New York’s most legendary bookstore, is breathing a sigh of relief, for now. In late October, Nancy Bass Wyden, the third-generation owner, turned to social media as a last ditch effort to keep from permanently closing Strand’s doors. A typical day sees about 300 web orders; the influx of online orders following Wyden’s… Continue Reading
2020 New York Business Journal’s Women of Influence Announced
Dorit Ungar Black, a founding partner at New York’s Holwell Shuster & Goldberg LLP was named as one of ten Women of Influence in 2020 by the New York Business Journal. The women recognized this year are all pioneers in the legal, finance, engineering, and real estate industries. They have all demonstrated professional and communal… Continue Reading
Pandemic Brings Early Holiday Season to New York
The rushed last-minute holiday shopping scramble may just be another annual tradition lost to the coronavirus pandemic. Across New York and the country, retailers are getting a head start on the holiday season. While most shoppers don’t usually appreciate the holiday “creep,” this year there are several good reasons for getting an early go on… Continue Reading
Health Heroes: A New Award Program for New York
Empire BlueCross BlueShield, in collaboration with Crain’s New York Business, has launched the 2020 Empire Whole Health Heroes Awards program. The program is designed to recognize and highlight individuals who have exhibited profound commitment, kindness, and outstanding leadership in the field of health and wellness in New York City during the continued coronavirus emergency. As… Continue Reading
New York City is Growing Fintech Center
New York City has always been a welcoming home for the financial and business sectors of the economy. Some of the world’s leading financial outfits have based their headquarters in the Big Apple. But continual technological shifts, the coronavirus pandemic, and demographic transitions are giving New York City a new title. Now, more than ever,… Continue Reading