Business

Business openings, closings, and local economic news.

G20 foreign ministers end Atlanta meeting without consensus on key issues

As Washington seeks to loosen China’s dominance over critical minerals, US Secretary of State Marco Rubio urged other members of the Group of 20 (G20) to strengthen supply chains and secure strategic trade routes as the group’s foreign ministers’ meeting drew to a close in Atlanta on Saturday....

Marcus Chen

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Group of friends discussing financial decisions in a Brooklyn café

Business•2h

This is where most people go wrong in their 30s and 40s

In a bustling café in Brooklyn, a group of friends gather around a table, animatedly discussing their futures. As laughter fills the air, the conversation shifts to the weighty decisions that lie ahead in their 30s and 40s. For many, these years are pivotal, shaping not just their careers, but...

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A sunset over New York City, symbolizing uncertainty for retirees

Business•2h

Is it curtains for COLA? Saving Social Security could mean changing the cost-of-living adjustment.

As the sun sets over the skyline of New York City, a sense of uncertainty looms for millions of retirees. For many, the promise of a comfortable retirement hinges on the reliability of Social Security benefits, particularly the Cost-of-Living Adjustment (COLA) that helps keep pace with inflation....

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Bitcoin's white paper anniversary celebration with small business owners in NYC

Business•3h

Bitcoin's white paper turns 18, and small businesses are still paying for the bailouts it answered

On a chilly November morning in 2008, a mysterious figure named Satoshi Nakamoto unveiled a groundbreaking concept that would forever alter the landscape of finance. From a simple white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," a revolution was born, one that aimed to provide...

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Business•3h

German police fire water cannon during tense ‘Gen Z’ protests

German police fired water cannon to disperse firework-hurling protesters on Saturday and were also pelted with other projectiles, as tensions rose at the end of massive youth-led protests. In Berlin, Frankfurt, Cologne and dozens of other cities, demonstrators turned out for the protests organised...

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Retired man reflecting on his financial future in NYC park

Business•4h

80% of workers make this 401(k) mistake when they retire

As the sun sets over the bustling streets of New York City, a retiree named John Thompson sits on a park bench, reflecting on his decades of hard work. After 30 years in finance, he finally stepped into retirement, eager to enjoy the fruits of his labor. Yet, like many others, John unknowingly fell...

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A couple discussing financial strategies in their home.

Business•5h

Want guaranteed income in retirement without an annuity? Try laddering I bonds.

As the sun sets over the bustling streets of New York City, the allure of financial security in retirement becomes a pressing concern for many residents. For individuals like Linda and Mark Thompson, a couple in their late fifties who have dedicated their lives to their careers and family, the...

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A church gathering in NYC discussing financial stewardship.

Business•6h

Our church has a $1.5 million bequest earning 3.75% in a savings account. Are we throwing money away?

As the sun set over the bustling streets of New York City, a congregation gathered in the warm embrace of their church, a sanctuary of hope and community. Among them was Pastor John Matthews, whose heart swelled with gratitude for a recent windfall—a $1.5 million bequest that had the potential to...

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Retired couple enjoying Central Park in NYC

Business•6h

What gave this city its ‘best place to retire’ crown? You can actually afford to live there.

As the sun rises over the skyline of New York City, a retired couple strolls through Central Park, hand in hand, savoring their newfound freedom. They’ve traded in the daily grind for leisurely mornings and afternoons filled with art galleries, theater performances, and community events. This urban...

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Evacuation scene in Oleshky, Ukraine during ceasefire

Business•6h

Evacuees from Russian-occupied city arrive in Ukraine

As dawn broke over the Ukrainian countryside, a convoy of buses rumbled through the quiet streets of Oleshky, a city long held under the grip of Russian occupation. Among the passengers was 34-year-old Yulia Petrenko, clutching her young son’s hand tightly, her eyes reflecting a mix of hope and...

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Investors analyzing stock market trends in NYC

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The S&P 500 isn’t the big winner you may think it is

In a conference room overlooking the bustling streets of New York City, a group of seasoned investors gathered for their quarterly meeting. As they discussed their portfolios, a palpable tension filled the air. Many had come to believe in the mantra that stocks, particularly the S&P 500, are a...

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Business•7h

Iran’s supreme leader warns US, Israel against war

Iran’s supreme leader Mojtaba Khamenei on Saturday warned the United States and Israel against returning to war, according to a written statement, following threats from the Islamic republic’s foes of a possible resumption of strikes. “If the enemies once again launch military or terrorist attacks,...

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Business•7h

China narrows the path to elite official training scheme for citizens graduating overseas

China is further narrowing access to a key government recruitment programme for overseas-educated graduates, limiting their pathways into the country’s civil service and party-state system. More than a dozen provincial-level regions, including Beijing and Shanghai, opened applications for the 2027...

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