The City of New York has filed a lawsuit in state court against Exxon Mobil, Shell, BP, and the American Petroleum Institute for allegedly misleading New York consumers about the role their products play in climate change and for allegedly “greenwashing” their practices to make them seem more eco-friendly than they are. “Three of the…… MORE
Vacant office space in New York City is the highest in nearly three decades and will likely hit “unprecedented levels” in the coming months. As many companies continue to work from home, data from global real estate services firm Cushman & Wakefield shows that the office vacancy rate in Manhattan reached 16.3% in the first…… MORE
US stocks tumbled Thursday over investors’ worries about higher taxes. All three major indexes closed deep in the red. The Dow fell 0.9%, or 321 points. The broader S&P 500 and the Nasdaq Composite also fell 0.9%. It’s not surprising that Wall Street doesn’t like higher taxes, particularly when it comes to capital gains —…… MORE
Net zero pledges have become all the rage in Corporate America. Big banks, steel companies and even (mostly European) oil companies are pledging to wipe out their carbon emissions over time. Cynics may see these environmental announcements as mere marketing ploys designed to win brownie points from climate-nervous consumers. But there may be another force…… MORE
Dessert-loving New Yorkers know all about Levain, a bakery famous for its large, decadent cookies with gooey centers. Before the pandemic, passers-by could often see a line snaking out of the bakery’s tiny Upper West Side flagship store. Now, people across the country can bake the indulgent cookies at home. Last week, Whole Foods stores…… MORE
Taco Bell is testing a new meat alternative taco ahead of an expected launch of new offerings featuring Beyond Meat. It’s called the Cravetarian Taco, a temporary menu item that includes a “boldly seasoned plant-based protein” made from peas and chickpeas. It’s loaded with cheddar cheese, lettuce, diced tomatoes, reduced-fat sour cream and served on…… MORE
After years of skepticism, bitcoin is finally gaining mainstream credibility. Tesla is now accepting bitcoin as payment, and disclosed it had purchased $1.5 billion in the cryptocurrency as part of its cash holdings. Payment processors including PayPal, Mastercard and Visa are trying to streamline crypto payments on their networks. Meanwhile, Goldman Sachs will reportedly soon…… MORE
Disney and Sony Pictures Entertainment agreed to a multi-year licensing deal Tuesday that will bring your friendly neighborhood Spider-Man to Disney’s platforms, including Disney+. But there is a catch: The agreement comes just weeks after Sony and Netflix signed a similar deal and Disney channels and platforms, including Disney+, Hulu and ABC, will have access…… MORE
It took a while for Chipotle to roll out its quesadilla. But the cheesy item hit menus last month, and customers are into it. About 10% of all orders now include a quesadilla, CEO Brian Niccol said during an analyst call discussing first quarter earnings on Wednesday. We “expect it to remain a guest favorite…… MORE
Rupert Murdoch’s New York Post tabloid newspaper makes a very clear statement on Thursday: “GET VAXXED!” It is a laudable message — or at least it would be if the Post hadn’t been spending so much energy recently fear-mongering on the Covid-19 vaccines. The front page features those words next to a newly-vaccinated resident’s arm…… MORE
