Larry Fink and Brian Armstrong haven’t always agreed on crypto, but the business leaders’ embrace of the asset has helped bring it into the mainstream.

The Treasury secretary said that import levies were not fueling inflation.

Many market analysts have expressed concern about private credit loans, including fears of a future crisis should the market crumble.

One year before his death, Jeffrey Epstein boasted about putting Core Club’s founders on the map. Within the financier’s tangled social web were the private club’s founders, according to messages in the 20,000-page trove of documents recently released by the House Committee on Oversight and Government Reform Core Club, founded in 2005, is an invite-only members’ organization that first opened in 2005 at 66 East 55th Street (also known as 711 Fifth Avenue). Founders Jennie and Dangene Enterprise developed partnerships with real estate bigwigs to build out the social club for millionaires and billionaires. RFR’s Aby Rosen, for example, was […]

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Paramount Group is still working on its $1.6 billion take-private, but the bills still gotta get paid. The Albert Behler-led REIT refinanced its 900 Third Avenue office tower with a $175 million loan from New York Life Insurance, The Real Deal has learned. The German bank Landesbank Baden-Württemberg had originally provided a $270 million loan on the 600,000-square-foot tower in 2008, though Paramount’s financial disclosures from earlier this year show that the property is supported by the company’s credit facility. A spokesperson for Paramount Group declined to comment and a representative for New York Life did not immediately respond. An […]

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But the chief executive, Mary Barra, added that the jury was still out on whether electric vehicles would become a major seller in the United States.

Co-op board members are rallying against proposed laws aimed at increasing transparency and curtailing discrimination in the co-op board application review process.  Board leaders pushed back against three New York City Council bills that would mandate co-op boards to disclose their reasons for denying an application, among other provisions, at a hearing before the committee on housing and buildings on Tuesday. “Let’s say this plainly: discrimination is happening today, and everyone knows it,” committee chairperson Pierina Sanchez said in her opening remarks. “Secrecy is not a neutral feature of the system. It is the condition that allows discrimination to flourish […]

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President Lai Ching-te is aiming to invest an additional $40 billion in military spending to deter China.

In a sign of China’s role in the city, officials have tried to stamp out calls for accountability over a catastrophe that killed at least 159 people.

Consumers are focusing on value and financing purchases to complete their shopping lists.