Amazon becomes the country’s second $1 trillion company
Sep05

Amazon becomes the country’s second $1 trillion company

Amazon.com on Tuesday became the second publicly traded U.S. company to be valued at more than $1 trillion, as the tech giant expands into new lines of business that are helping turn record profits. The milestone comes one month after Apple first passed the $1 trillion threshold on Aug. 2. Amazon shares rose as much as 1.9 percent Tuesday morning to $2,050.50 — 23 cents above the amount needed to bump the company over the $1 trillion...

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Trade concerns boost dollar
Sep04

Trade concerns boost dollar

The dollar is the primary beneficiary of trade conflict concerns. The dollar consolidated near a one-week high against a basket of currencies on Monday, as tensions around global trade and a sell-off in emerging markets fueled demand for the greenback. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement. He warned Congress not to meddle in talks to revamp NAFTA or he...

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Tech hub slammed for developer’s lobbying
Aug30

Tech hub slammed for developer’s lobbying

Manhattan group squawks on docs The developer selected to build a 21-floor tech hub in Union Square spent hundreds of thousands of dollars lobbying city officials for zoning changes that allowed it to add seven stories to the project. The Greenwich Village Society for Historic Preservation, which has long opposed the plan, said the pricey promotion was needed because the bulk of the benefits touted by the government were included in...

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Real-time map shows where construction is coming next
Aug23

Real-time map shows where construction is coming next

New Yorkers can now sate their curiosity about construction sites from the comfort of their computers. A new interactive online map provides up-to-date information on active major construction projects all over the city. The “Construction on Your Block” map, published Wednesday by the Department of Buildings, shows the locations of all permitted new building construction as well as ongoing expansion work at pre-existing structures. It...

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S&P 500 touches record high, equals longest-ever bull run
Aug22

S&P 500 touches record high, equals longest-ever bull run

The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. The S&P 500 .SPX rose as much as 0.6 percent to a record intraday high of 2,873.23 points, topping its previous record high of 2,872.87 on Jan. 26, though it closed below both those marks. Late in...

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