Mayor of New York City advocates for a ban on horse carriages in Central Park, signs an executive order for a multi-agency enforcement: ‘No longer benefit our city’
Carriage Ban in Central Park on the Horizon A carriage driver in Central Park might soon need to rethink their options. The anticipated ban on horse-drawn carriages is coming, as the mayor has initiated an executive order to address this long-standing tradition by the end of 2026. Mayor Eric Adams voiced strong opposition to the […]
Central bank lowers interest rates for the first time this year as employment situation declines
Federal Reserve Cuts Interest Rates Amid Economic Uncertainty On Wednesday, the Federal Reserve announced its first interest rate cut of the year, lowering benchmark interest rates by 25 basis points. This marks the first reduction since December 2024, bringing the federal fund rate to a new range of 4% to 4.25%. The decision comes after […]
Central Bank Reduces Rates by 0.25%
Federal Reserve Cuts Interest Rates Amid Economic Concerns The Federal Reserve reduced its benchmark federal funds rate by a quarter percentage point on Wednesday, lowering it from 4.00% to 4.25%. This decision comes in light of a weakening labor market and ongoing pressure from President Trump, marking one of the most politically charged meetings in […]
Central bank reduces rates as falling job growth raises concerns for the economy
The Federal Reserve lowered interest rates for the first time this year on Wednesday, aiming to alleviate pressure on the faltering job market in the U.S. The Federal Open Market Committee (FOMC), responsible for setting borrowing costs, moved the baseline interest rates to a range of 4-4.25%, reducing them by 0.25 percentage points. Many analysts […]
Costa Rica’s Central Bank Stands by Its Currency Strategy
During President Rodrigo Chavez’s time in office, exchange rates became a key discussion point. A strong Costa Rican currency has led to significant uncertainty across different sectors. Authorities from the Costa Rica Central Bank have repeatedly indicated that the dollar exchange rate remains stable. Last year, the value closed at ¢511.27, while as of July […]
Central bank acquires an additional $353 million, bringing total purchases to $1.7 billion in two months.
Bangladesh Bank has acquired $353 million from 26 banks today. On September 15, 2025, Bangladesh Bank made a significant purchase of $353 million from various banks. This move has been part of a larger strategy to manage market liquidity as the central bank has been active in the dollar market. Highlights of this recent activity […]
Central bank poised to lower interest rates due to inflation and employment worries
Ryan Payne, president of Payne Capital Management, shared insights on the impact of inflation on the potential interest rate cuts expected from the Federal Reserve during a segment on “Varney & Co.” Despite indications that tariffs are contributing to inflation and ongoing worries in the labor market, the Federal Reserve is anticipated to announce its […]
Forex Today: A significant week for central banks starts quietly
Here’s what you should know for Monday, September 15th: This week kicks off with major currency pair trading as investors brace for significant macroeconomic data and central bank meetings. The European Economic Calendar is set to release trade balance figures for July, while the Federal Reserve Bank of New York will unveil Empire State Manufacturing […]
Central Perk coffee shop from ‘Friends’ to debut as a temporary location in Times Square
Manhattan’s Vacant Retail Space Gains Fellowship In the heart of Manhattan, there’s a notably empty retail space that’s drawing a curious crowd this year. Located beside the Edition Times Square Hotel, the corner space at 701 Avenue, often referred to as 20 Times Square, has stood empty since the building’s completion eight years ago. It’s […]
Comedy Central takes down reruns of ‘South Park’ making fun of Charlie Kirk
Comedy Central Re-runs “South Park” Episode Featuring Charlie Kirk Post-Assassination Following the assassination of Charlie Kirk, founder of Turning Point USA, Comedy Central has opted to air a re-run of a “South Park” episode that satirized him. Kirk was shot and killed on Wednesday at the age of 31. The episode, titled “Got A Nut,” […]