Shares of a struggling electric car maker competing against Tesla are rising this week after the lame-duck Biden administration lent the company billions of dollars. The Energy Department announced Tuesday that it was providing a $6.6 billion loan to Rivian to build a $5 billion electric car factory in Georgia, which the company initially started … Read more
United Airlines said Tuesday that an acute shortage of air traffic controllers was causing “significant disruption” to travelers at its busy hub in Newark, N.J., outside New York City. The airline said the Federal Aviation Administration has been forced to reduce traffic flows at Newark’s hub due to understaffing on 12 of the first 25 … Read more
Harry Macklowe’s $2 billion condo conversion of the former Irving Bank tower at One Wall Street has been a retail boon for Fidi — but his mostly unsold condos look like a lump of coal to Macklowe. As the neighborhood cheers for the building’s beautiful restoration and welcomes the first U.S. location of luxury French … Read more
Sales of new single-family homes in the US fell to their lowest level in nearly two years in October, likely as rising mortgage rates put buyers on the sidelines and hurricanes disrupted activity. Sales of new homes fell 17.3% to a seasonally adjusted annual rate of 610,000 units last month, the lowest level since December … Read more
Governor of California. Gavin Newsom is rolling out a plan to offer rebates to those who buy electric vehicles other than Tesla — a move that was called “crazy” by the company’s CEO Elon Musk, who has emerged as a fierce critic of the Democrat and a supporter of the President. – chooses Donald Trump. … Read more
Steiner NYC, the company that created the Hollywood-inspired Steiner Studios for film and television production, has refinanced another important component of the Brooklyn Navy Yard. The $148.5 million bridge loan from Deutsche Bank is for Admirals Row, the 8-acre, 696,000-square-foot mixed-use complex that is home to Wegmans and 350,000 square feet of light industrial and … Read more
Government researchers have found that a widely prescribed asthma drug originally sold by Merck & Co may be linked to serious mental health problems for some patients, according to a scientific presentation reviewed by Reuters. US researchers found that the drug, sold under the brand name Singulair and generically as montelukast, attaches to multiple brain … Read more
The website for controversial social media influencer Andrew Tate’s self-help site The Real World was reportedly hacked this week. Hackers were able to extract a trove of data from Tate’s site — formerly known as University Hustler — that included about 794,000 usernames, 324,382 unique email addresses and public and private chat logs, according to … Read more
Anthropic said on Friday that longtime backer Amazon had pumped an additional $4 billion into the artificial intelligence startup, doubling its investment in the firm known for its GenAI Claude chatbot. Amazon will retain its position as a minority investor and will be Anthropic’s main training partner for AI models, the startup said. Amazon, which … Read more
Walk down any street in NYC and you’ll see a pair of Hokas on the feet of stylish people. Once reserved for hitting the pavement, running shoes—with their chunky soles, athletic mesh, and vibrant colors—have become a street style staple, a trendy boardroom accessory, and everything in between. And the proof is in the pudding: … Read more