New York

Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it.If Hochul signs the bill, it would make New York the first state in the country to ban blockchain technology infrastructure, according to Perianne Boring, founder and president of the Chamber of Digital Commerce. Industry insiders also tell CNBC it could have…

In bad news for Bitcoin and Blockchain lovers, the New York State on Friday passed a bill to halt new permits for certain fossil fuel power plants to be used in Bitcoin mining.The measure establishes a two-year moratorium on new permits for cryptocurrency mining operations that use proof-of-work (PoW) authentication methods to validate Blockchain transactions.The measure also initiates a study on the environmental impact mining facilities are having in New York state.The Senate voted 36-27 in favour of the new bill.It now…

Jose Luis Pelaez Inc | DigitalVision | Getty ImagesThere's a decent chance you don't have a good handle on how much your subscriptions are really costing you.Consumers' offhand guess of how much they spend monthly on subscriptions averaged $86, according to a survey commissioned by market research firm C+R Research. Yet when asked about subscriptions in specific categories, the actual amount was $219 on average — $133 more than estimated."It's a slippery slope with subscriptions because it just happens automatically and…

Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey.Michael M. Santiago | Getty ImagesA judge on Friday dismissed a federal lawsuit by former President Donald Trump that sought to bar a civil investigation of his business by New York Attorney General Letitia James.The ruling by U.S. District Judge Brenda Sannes came a day after a state appeals court in New…

An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022.Mike Segar | ReutersDeirdre O'Brien, Apple's head of retail and human relations, told employees in a video this week that joining a union has downsides, and that Apple believes that unions are not committed to its employees.Apple hasn't publicly said that it opposes the recent union drives in multiple retail stores across the U.S., but the message to…

Many renters believe that a cost-of-living crisis is brewing in America's major cities.New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper.Sudden, double-digit rent spikes are hitting other hubs, including Chicago, Los Angeles, and Austin, Texas. Zumper data shows that growth is particularly strong in Sun Belt cities such as Miami, where rents have risen to $2,700 a…

Workers remove the final New York City payphone near Seventh Avenue and 50th Street in Midtown Manhattan, New York City, on May 23, 2022.Timothy A. Clary | AFP | Getty ImagesIt's the end of an era: New York City removed its last public payphone on Monday.The boxy enclosures were once an iconic symbol across the city. But the rise of cellphones made the booths obsolete.The effort to replace public pay telephones across the city kicked off in 2014 when the de Blasio administration solicited proposals to reimagine the…

A blue and white checked gingham dress, worn by Judy Garland in the "Wizard of Oz," hangs on display, Monday, April 25, 2022, at Bonhams in New York.Katie Vasquez | APA federal judge in New York blocked Tuesday's scheduled auction of a dress worn by Judy Garland in "The Wizard of Oz" that had been expected to fetch up to $1 million or more for The Catholic University of America.Monday's injunction barring a sale of the dress by Bonhams auction house in Los Angeles came more than two weeks after a Wisconsin woman sued to…

Many people occasionally travel for work.But for some, travel is at the heart of their jobs.CNBC Travel spoke with people from four industries about occupations where working from home — or an office for that matter — isn't an option.A year of travelName: Sebastian ModakJob: Former New York Times "52 Places Traveler"Modak was one of 13,000 people who applied for a role that sent one person to every destination on The New York Times' "Places to Go" list in 2018 — the first year the newspaper hired for the position. He…

Ja Morant #12 of the Memphis Grizzlies drives to the basket to shoot against the Golden State Warriors in the second half of Game Three of the Western Conference Semifinals of the NBA Playoffs at Chase Center on May 07, 2022 in San Francisco, California.Thearon W. Henderson | Getty ImagesThe NBA is in a strong position as it bounces back from the pandemic and gears up for its next media rights cycle in the next few years. Playoff viewership increased without much participation from teams in the huge New York and Los…