Fifth Third acquires Comerica for close to $10 billion as regional banks seek to compete with JPMorgan.
Fifth Third Bancorp Acquires Comerica for $10.9 Billion Fifth Third Bancorp has announced its acquisition of Comerica in a stock deal valued at $10.9 billion, combining two prominent regional banks. This merger will give rise to the ninth largest bank in the US, with total assets reaching approximately $288 billion, according to a company statement […]
Free Press appoints Adam Rubenstein, excluded from NY Times, as its new deputy editor
The Free Press has appointed Adam Rubenstein, a conservative journalist, as its new associate editor. He previously claimed in an essay that he was ousted from the New York Times for his fondness for Chick-fil-A sandwiches. Sources suggest that Rubenstein is closely tied to Free Press co-founder and CEO Bari Weiss, who appointed him editor […]
Aston Martin’s stock drops 10% as the luxury carmaker cautions that tariffs and low demand will impact profits.
Aston Martin Faces Significant Losses as Stock Prices Drop Aston Martin saw its stocks plummet by 10% on Monday, exacerbating its annual losses. This decline is largely attributed to weaker demand in North America and Asia-Pacific, compounded by the effects of US tariffs. The automaker’s recent disclosures reveal annual losses surpassing £110 million ($147.81 million). […]
Tesla hints at an upcoming Tuesday event — what investors are preparing for
Tesla Hints at Affordable Model Y Launch Tesla dropped some hints about an upcoming event on October 7th. This has sparked investor interest, particularly around the low-cost models, leading to a 3% jump in stock prices early on Monday. In a 9-second clip shared on social media platform X, Tesla showcased a vehicle with its […]
City officials restrict new liquor store openings as alcohol demand falls sharply.
New York’s Liquor Stores Face Closure Amid Changes Authorities in New York are working on limiting the number of wine and liquor stores across the city. Reports indicate that various factors, including tariffs and increasing competition from marijuana, are impacting liquor sales. A lawyer for a liquor retailer in the city shared that the state’s […]
Terminal Warehouse in West Chelsea secures its first tenant
A significant advancement has been made in the redevelopment of the historic terminal warehouse, with Hospitality Group securing a lease for a 50,000 square foot upscale event space. The venue, named after notable architect George Mallory and constructed in the 1890s, is the first tenant signed in West Chelsea’s expansive 1.3 million square foot industrial […]
ModernHaus Soho Hotel to open a new dining establishment
New Seafood Restaurant Set to Open at Modernhaus Soho A significant new dining option is on the way to the Modernhaus Soho Hotel—a sprawling 10,000 square feet seafood-focused restaurant named Selene by Kyma. This venture is a collaboration between James Lagonese, who previously worked with LDV Hospitality, and Linocristu, the co-founder of the Kima Greek […]
Paramount’s CEO David Ellison is optimistic about using his lawyer to persuade Zaslav to sell Warner Bros. Discovery.
Strategic Moves in Media Mergers Bringing Makan Delrahim on board from Paramount Skydance was, well, the easier part of the equation. David Ellison, now leading this media powerhouse, is banking on his newly appointed super lawyer to convince David Zaslav to consider selling a majority, if not the entirety, of Warner Bros. Discovery. Sources indicate […]
Costco to provide significant savings on Ozempic and Wegovy
Your Costco card might soon be less valuable than you think. The retail giant has teamed up with Danish pharmaceutical firm Novo Nordisk to provide popular weight loss medications like Ozempic and Wegovy at reduced prices for uninsured members. “Access to straightforward, dependable, and affordable healthcare is essential for everyone, and we are excited to […]
Beverly Hills favorite Croft Alley popular with Hollywood celebrities arriving in NYC
Next month, some trendy spots from Beverly Hills—think Leonardo DiCaprio and Kendall Jenner—are setting up shop in Manhattan’s stylish SoHo area. Croft Alley, brought to life by restaurateur Michael Della Femina, will open its doors at 210 Sixth Ave., where the Greek restaurant Lola Taverna used to be until its closure in June. Della Femina […]