In an executive order, President Trump is aiming to punish defense contractors that don’t deliver weapons quickly enough.
As economists pointed to some of the president’s policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.
Charles Cohen can’t do right by his creditor, Fortress Investment Group. This week, Cohen sold the office building at 3 East 54th Street in the Plaza District to Vornado Realty Trust for $141 million, Bisnow reported. Steven Roth’s firm applied the $107 million debt it bought against the property over the last two years towards the purchase of the building, which it plans to raze. The sale would seem to be good news for Cohen, who is scrambling to raise cash after a New York judge ordered him to repay $187 million personally guaranteed to Fortress. But the final sale […]
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Elon Musk’s xAI is promising to invest up to $20B into Southaven, Mississippi, a community of fewer than 60,000 people just across the Tennessee state line from Memphis, to help power its Colossus supercomputer.
Sergey Brin is joining his Google co-founder, Larry Page, in reducing ties to the state where they built their fortunes.
The negotiations come amid an increase in deal-making across the mining industry as demand for copper and other metals soars.
The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.
Wanted: a City Planning commissioner after Dan Garodnick decided to step away from city government. New York City’s top planning official informed his staff on Thursday that he was leaving his role, the New York Daily News reported. The decision came after Garodnick was seemingly passed over for a deputy mayor post with Zohran Mamdani’s administration. In an email to his staff, Garodnick said that “the time is right for me to move on.” He plans on staying on to support the transition to whoever takes his place. “I do not take my departure lightly,” Garodnick added. A spokesperson for […]
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Buyers looking for new condos in 2025 faced a steep climb. New development contract signings were down 11 percent compared to 2024, according to Marketproof data covering deals closed in 2025. The culprit for the lackluster contract numbers was not a lack of demand, according to Marketproof CEO Kael Goodman, but a dearth of desirable buildings. “It’s all a function of the product,” he said. “If the product is good, people will buy it. If the product is less desirable, even in this type of market, it just sits there. That phenomenon was seen in the strong sales figures a […]
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Data on the labor market in December will be closely watched for clues on the state of the economy.