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Top News & Analysis New York City


  • Deal Reached on Rebuilding World Trade Center Site Thursday, 25 Mar 2010 | 4:47 PM ET
    People look out toward the World Trade Center site.

    The Port Authority of New York and New Jersey Thursday reached a tentative agreement with World Trade Center developer Larry Silverstein, ending a 16-month stalemate over rebuilding at the site destroyed in the Sept. 11, 2001 attacks.

  • Rain Floods Northeast Roadways, Knocks Out Power Monday, 15 Mar 2010 | 1:05 PM ET
    A utility truck drives through flood water, Greenburgh, New York on March 14, 2010.

    A torrential rainstorm that brought heavy winds to the Northeast, downing trees, flooding roadways and knocking out power, continued to pour rain on New England on Monday.

  • New York, London Tied as Top Financial Center Friday, 12 Mar 2010 | 9:08 AM ET

    London and New York share the top place in a ranking of financial centers around the world published Friday, followed by Hong Kong and Singapore.

  • Manhattan skyline

    A consensus is emerging that the recession is nearly over in the New York City, largely because of the enormous amount of federal aid poured into the big banks. The New York Times explains.

  • Wall Street Bonuses Rose 17%: Thomas DiNapoli Tuesday, 23 Feb 2010 | 8:19 AM ET
    NYSE Traders

    Bonuses were still a third down from the level before the financial meltdown, Thomas DiNapoli, New York State comptroller, told CNBC Tuesday.

  • Once Stigmatized, Food Stamps Find Acceptance Thursday, 11 Feb 2010 | 11:23 AM ET

    A decade ago, New York City officials were so reluctant to give out food stamps, they made people register one day and return the next just to get an application. The welfare commissioner said the program caused dependency and the poor were “better off” without it.

  • New York City

    The financially troubled owners of two massive apartment complexes that sold for a record $5.4 billion a few years ago said Monday they're turning them over to their creditors.

  • NY Cabbie Finds $21,000 and Returns It: Report Wednesday, 13 Jan 2010 | 10:11 AM ET

    If you left $21,000 in the back of a New York cab would you expect to see it again? One lucky tourist had the good fortune to be riding in the back of a very honest taxi, Newsday reported.

  • Audit Faults New York Fed in AIG Bailout Tuesday, 17 Nov 2009 | 5:17 AM ET
    Aig Headquarters

    The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group’s trading partners last year, according to a government report made public on Monday.

  • America Is On Sale Tuesday, 10 Nov 2009 | 9:56 AM ET
    New York City Cabs

    If you have any money at all, America is your oyster. I'm making my annual CNBC pilgrimage to the Big Apple, and the savings this year make me want to come back on my own dime.

  • Best Biz Cities? London, NYC Rule; Asia Climbs Tuesday, 22 Sep 2009 | 3:19 PM ET

    London and New York still hold the top spots as the world’s most competitive financial centers, but the economic crisis has seen Asian cities such as Hong Kong and Singapore surge up the rankings, according to the Global Financial Centres Index.

  • President Barack Obama

    Touting resilience in hurting upstate New York, President Barack Obama said Monday that better economic days are coming thanks to innovation and some help from the government.

  • New York Beats London as 'World's Best City' Friday, 11 Sep 2009 | 10:04 AM ET

    New York City beat London by a whisker to become the best city in the world according to a panel of Time Out judges, who voted on the cities considering criteria such as architecture, arts, food and drink, the city's buzz and quality of life.

  • Biggest Real Estate Deal in U.S. History May Default Thursday, 10 Sep 2009 | 3:20 PM ET

    Three years ago, the sale of the 110  apartment buildings at Stuyvesant Town and Peter Cooper Village in Manhattan represented the most expensive  real estate deal inU.S. history.  Now the buyers are running out of time and money.Now the buyers are running out of time and money.

  • Corruption Found at Waterfront Watchdog Wednesday, 12 Aug 2009 | 11:30 AM ET
    New York Harbor

    The Waterfront Commission of New York Harbor, created in the 1950s to break the mob’s grip on the docks, became its own bastion of lawlessness, employing some of the same corrupt, self-serving methods as the gangsters it was supposed to pursue, investigators said Tuesday in a scathing report.

  • New York Seeks Millions in Tax From Lehman Wednesday, 5 Aug 2009 | 10:42 AM ET
    Dick Fuld

    The Bloomberg administration has accused Lehman of shortchanging the city of $627 million in corporate and other taxes, beginning in 1996. It is now trying to convince federal bankruptcy court in Manhattan that the city should jump closer to the front of Lehman’s long line of creditors.

  • JC Penney Makes Manhattan Debut Friday, 31 Jul 2009 | 11:09 AM ET

    After a century in the business, JC Penney finally made its move to Manhattan with the grand opening of a three story store in Herald Square today. While other big retailers like Macy's and Bloomingdales have been hit by the recession, Penney is relying on the struggling economy to generate its success.

  • Global Warming

    Oil prices surged yesterday, ostensibly, if media accounts are to be believed (they’re not) on news that sales of existing homes in the U.S. increased for a third straight month.  We will be honest… we had no idea it required so much crude oil to resell a home in the U.S., writes Stephen Schork.

  • Stores Go Dark Where Buyers Once Roamed Tuesday, 21 Jul 2009 | 10:16 AM ET
    New York City Skyline

    Among the marks of Manhattan’s prosperity in recent years were the thousands of restaurants and shops that opened to meet an ever-growing demand. But as New Yorkers have drastically cut back, the shops that line the streets, from chain outlets to family-run shops, have started to disappear.

  • Lodging Losses Mount Monday, 20 Jul 2009 | 12:54 PM ET
    Commercial Real Estate

    Tomorrow the bank holding the $40 million loan on Washington DC's Watergate Hotel, New York-based PB Capital, will put the foreclosed property up for auction.  The 251-room, formerly grand, 12-story lodging has been empty since 2007.  Just the memories of those few burglars who slept there the night before they did their historic deed still haunt the hallways.