New York

NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
May 21, 2020  |  Loans

New York’s Metropolitan Transit Authority (MTA) is seeking permission to borrow from the Federal Reserve’s $500 billion Municipal Liquidity Facility (MLF) due to coronavirus-related troubles,...

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NY Fed: Negative Interest Rates ‘Not The Right Tool’ For Recovery
NY Fed: Negative Interest Rates ‘Not The Right Tool’ For Recovery
May 21, 2020  |  Economy

New York Federal Reserve Bank President John Williams said economic data is likely to be worse as the impact of COVID-19 becomes clearer, Reuters reported....

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Google, Amazon Tech Help States Handle Jobless Claim Boom
Google, Amazon Tech Help States Handle Jobless Claim Boom
May 12, 2020  |  Google

Help is on the way for beleaguered states facing a record number of jobless claims. Google and Amazon Web Services are assisting Rhode Island, Kansas,...

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Some States Start To Reopen, This Week, With Restrictions
Some States Start To Reopen, This Week, With Restrictions
April 27, 2020  |  Economy

Texas, Ohio and New York are among the states joining Georgia over the next several weeks in reopening parts of their operations during the coronavirus...

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NY’s Jobless Claims Site Crashes From High Volume
NY’s Jobless Claims Site Crashes From High Volume
April 21, 2020  |  Coronavirus

New York Governor Andrew Cuomo said there have been so many unemployment claims that the state’s entire system – including the website and phones –...

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High-End Retailers Block Access To Storefronts In New York
High-End Retailers Block Access To Storefronts In New York
March 27, 2020  |  Coronavirus

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and...

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NY, CA Governors Push For Tighter State Financial Regulation
NY, CA Governors Push For Tighter State Financial Regulation
March 16, 2020  |  Consumer Finance

New York and California governors are concerned about careless federal supervision of the financial sector and are advocating for increased state regulatory power, The Wall...

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NYC Bank Runs Short Of Big Bills As Customers Hoard Cash
NYC Bank Runs Short Of Big Bills As Customers Hoard Cash
March 15, 2020  |  Cash

The stock market’s plummeting numbers have caused some banks to run out of large bill denominations as customers flock to take as much out of...

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New York To Limit The Number Of Event Attendees Amid Coronavirus
New York To Limit The Number Of Event Attendees Amid Coronavirus
March 12, 2020  |  Coronavirus

As New Jersey and New York limit the number of people at events because of COVID-19 fears, the governor of New York said meetings of...

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