Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market.
‘Great Elephant Migration’ becomes one of largest outdoor art installations ever in NYC
An impressive art installation in Manhattan’s Meatpacking District depicting 100 life-sized elephants is aiming to raise money and awareness for the animals. The “Great Elephant Migration” is one of the largest outdoor installations ever in New York City.”
‘Huge disconnect between buyers and sellers’ says Fannie Mae CEO during stop in San Diego
The head of Fannie Mae said at a conference in downtown San Diego that potential homeowners are lacking enthusiasm compared to sellers even ven with mortgage rates lowering and more homes on the market, they are not seeing a significant rise in sales.
Check out renderings of the renovated Brooklyn Public Library’s main branch
Phase two of the Brooklyn Public Library’s previously announced $150 million renovation project is about to kick off, specifically targeting the cultural center’s flagship branch at 10 Grand Army Plaza.
Has the drive toward human development been thrown into reverse?
In the episode of the McKinsey Global Institute’s Forward Thinking podcast, the host covers topics including growing inequality, a failure to manage growing global interdependency, and the need for a 21st-century architecture to deliver global public goods.
New York’s Fashion Industry Is in Dangerous Decline, New Study Warns
New York City’s role as the capital of fashion is fraying, according to an in-depth study released by the Partnership for New York City, students receiving fashion degrees also dropped by almost a third from 3,826 in 2016 to 2,668 in 2022.
This giant 13-foot-tall chair will soon be installed in Times Square
A massive new piece of public art will be installed in Times Square on September 15: a large-scale adaptation of Dominican Surrealist Ivan Tovar’s well-known “La Chaise Adulte (The Adult Chair).
How One Brooklyn Neighborhood Became a Nightclub Haven
Bushwick has become a pillar of NYC’s party scene, with visitor growth exceeding hotspots like the East Village and Williamsburg. If venues get priced out, there may be few places left to go.
Park Avenue was once a park—and it could actually be coming back
If you’ve ever wondered how Park Avenue got its name, it’s actually pretty on the nose: The iconic thoroughfare was once a huge, wide park, instead of a giant avenue with some trees and public art.
Labor Day 2024 in NYC guide to events, parades and getaways
Labor Day is the last hurrah of summer, so make it count! And if you’re feeling the need for one last getaway from the city before fall begins, take a look at our excellent list of day trips from NYC.