A Biden-era rule, now halted, would have forced airlines to pay passengers up to $775 in cash for significant flight disruptions.
The exit by RedBird Capital Partners comes months after it agreed to buy control of the media company in a deal that valued it at $658 million.
Jobs and inflation data will be released late and with caveats, complicating the Federal Reserve’s interest rate deliberations.
Apple joined Google this week in allowing travelers to add their passports to their cellphone “wallets.” As the holiday travel season nears, here’s what you need to know.
After several lawsuits tried and failed to overturn New York’s rent-stabilization law, a new complaint is taking a different approach. The lawsuit, filed by the Small Property Owners of New York and a few individual landlords, takes aim at how the state law applies to vacant apartments. The complaint alleges that capping rents on vacant units violates the takings clause in the Fifth Amendment of the U.S. Constitution because it “directly takes from the value of the apartment’s leasehold.” That, the lawsuit alleges, results “either in a complete taking (by making it economically impossible to rent the leasehold) or a […]
This article originally appeared on The Real Deal. Click here to read the full story.
When prosecutors accused Charlie Javice of fraud, JPMorgan was forced to pay for her defense. The bank is not happy about her “shocking” spending.
Outgoing Mayor Eric Adams appears to have weeded out any plan for incoming mayor Zohran Mamdani to replace the Elizabeth Street Garden with housing. The mayor-elect said on Thursday, “the actions that the Adams administration has taken now make it nearly impossible to follow through” with plans to build affordable housing at the oft-contested Nolita site, Crain’s reported. The mention of “nearly impossible” suggests Mamdani may still find a way to get a housing project done there. But Adams made that significantly more challenging last week when he designated the site as parkland and transferred ownership of the lot to […]
This article originally appeared on The Real Deal. Click here to read the full story.
A recent dip in trading shows how investors are balancing a “fear of missing out at the same time as real fear.”
The deal would reduce an extraordinarily high tariff rate that had threatened to cripple Swiss exports.
The Trump administration is facing backlash from American consumers as higher costs from tariffs blunt wage gains.