New York City

A new report found that New York City is the No. 1 place for ultra-high-net-worth individuals to own a property.Alexander Spatari | Moment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.New York still leads the U.S. and the world when it comes to wealthy cities.With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest…

NEW YORK — The average Wall Street bonus fell slightly last year to $176,500 as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday. The average bonus for employees in New York City’s securities industry was down 2% from $180,000 in 2022. The slight dip came even as Wall Street profits were up 1.8% last year, according to the annual estimate from Thomas DiNapoli, the state’s comptroller. DiNapoli’s office said the slight decline could be…

A Portillo's Beef Bus in Kissimmee, Florida.Source: Portillo'sWhen Chicago-based Portillo's enters a new market, it sends its "Beef Bus" ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally opens.Recently, the Beef Bus has been making a lot of trips to the Sun Belt."Texas, by itself, has grown more people in the last decade than eight midwestern states that we have a presence in combined,"…

More than 95 percent of the group’s members say they have no intention of becoming long-term landlords, says Lindsay. Instead, he argues, they are now faced with rising housing costs and no immediate way to offset them. The law “has yielded some unintentional effects that are harming smaller homeowners,” Lindsay says.Amid the uncertainties, there may be some winners from the law: hotels in the city and the state of New Jersey. Hotel occupancy rates in New York have been slightly up year-over year, by 4 percent in January…

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021.Patrick T. Fallon | AFP | Getty ImagesIn the nearly four years since the Covid-19 pandemic upended air travel, the largest U.S. airlines have returned to profitability. The CEOs of two upstart airlines that launched in the middle of the pandemic say they're about to join them.Avelo and Breeze Airways, two low-cost carriers that debuted in 2021 when…

Flaco, the Eurasian eagle-owl that captured the hearts of New Yorkers a year ago after escaping from the Central Park Zoo, died Friday after colliding with a building. “We are saddened to report that Flaco, the Eurasian eagle owl discovered missing from the Central Park Zoo after his exhibit was vandalized just over a year ago, is dead after an apparent collision with a building on West 89th Street in Manhattan,” the Wildlife Conservation Society said in a statement Friday. “The downed owl was reported to the…

Amtrak trains travel through Washington, DC, on September 15, 2022.Stefani Reynolds | AFP | Getty ImagesAs domestic travel rebounds from pandemic lows and prices soar, some travelers opting for trains over planes.For many, the tradeoffs are simple: Trains are often cheaper, provide more leg room and are better for the environment than air travel. Those advantages and others are driving riders to Amtrak, the government-backed U.S. rail service, as it tries to revive pre-Covid ridership and smooth out operations.Since…

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty ImagesEmbattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to soothe skittish investors.But one of the most crucial resources for any bank appears to be in short supply for NYCB lately: confidence.The regional bank late Tuesday said that deposits were stable at $83 billion and that the firm had ample resources to cover any possible…

To “The Swans,” a coterie of New York high society women, Truman Capote was an amusing circus act. Known for penning Breakfast at Tiffany’s and In Cold Blood, these aristocratic ladies invited him to lavish dinner parties and fanciful getaways to indulge in his animated, gossip-filled stories. Author Laurence Leamer found himself captivated by Capote’s mélange of wit, joie de vivre, and callousness, and chronicled his falling-out with his one-percenter gal pals in the 2021 book Capote’s Women: A True Story of Love,…

One construction worker was killed in a building collapse in the Borough Park neighborhood of Brooklyn on Friday afternoon, local news outlets reported. But the tragic accident led misinformation accounts and conspiracy theorists on X (formerly Twitter) to falsely claim the incident had taken place in Crown Heights, concocting a wholly fake story about the tunnel beneath the Chabad Lubavitch World Headquarters in Crown Heights suddenly caving in. As the Borough Park commotion drew hordes of emergency responders,…