The iconic cube on Fifth Avenue in New York City is now reopened for business. The Apple store was closed for renovations nearly two years ago. Now the revamped location, double the size of the previous space, facilitates better business and optimizes users’ experience. The store is one of the first major openings since Deirdre O’Brien, Apple’s HR chief, took over as head of retail. She explained how “Apple worked with Foster + Partners to reimagine the…
New York City is now offering women a free class on negotiation skills so that they can secure raises and better employment conditions. The two-hour workshop is available across New York’s five boroughs. An online course is also available. The goal is to reach a total of 10,000 women. Women in New York earned 88% of what men did in 2016, according to American Association of University Women research that looked at median annual earnings for full-time…
James McManus, Head of EFT Research at Nutmeg talks about the implications for US citizens on finances of Donald Trump’s tariffs on Chinese imports.
New York State will soon have a new data security program to help protect businesses. Governor Andrew M. Cuomo just signed the bill that will update the state’s privacy law and will go into effect in 240 days. The law will expand what is defined as personal information and will add requirements and timelines for people to be notified of data breaches. As Cuomo said, “As technology seeps into practically every aspect of our daily…
Recently, Governor Andrew Cuomo selected the European wind farm giant Equinor to build the 816-megawatt offshore wind farm coming to the area. Equinor is considering leasing the South Brooklyn Marine Terminal in Sunset Park for both the logistics and creation of the wind farm, which would create hundreds of jobs and offer valuable investments into the area in Brooklyn. As a spokesman for the potential partnership said, “The effort to bring hundreds of green manufacturing…
January 1, 2019 marked the implementation of NYC’s minimum wage increase to $15 per hour. Any place of work that has 10 members of staff or more, has to pay them at least $15 per hour. NYC will be the 43rd state to raise the minimum wage legally like this. In this article, we look at the impacts of that. In addition, the first US city that is implementing minimum wage for ride-sharing driver employees…
Earlier this year Phil Andrews of the Long Island African American Chamber of Commerce (LIACC) was named President of the 2019 Small Business Champion. The recognition and commendation comes from the US Small Business Administration (SBA)’s NY District Office. The LIAACC is the largest African American Chamber of Commerce in New York. it provides services to Kings, Nassau, Queens and Suffolk. The criteria for selection by which Andrews was commended is: Made significant endeavors to…
Mergers and acquisitions can be very beneficial to a state’s economy. As stated in an article in Economy Watch: “Mergers and acquisitions generally succeed in generating cost efficiency through the implementation of economies of scale. An increase in cost efficiency is effected through the procedure of mergers and acquisitions. This is because mergers and acquisitions lead to economies of scale. This in turn promotes cost efficiency.” Here we take a look at a few recent…
A look at the success of Peter Luger’s steakhouse – a restaurant that has been thriving in Brooklyn, NY for over 130 years. Described as the “quintessential, old school NYC steakhouse experience.” According to the eatery’s VP, David Berson promote “simple goodness” family owned business is one of the few Michelin starred restaurants in the city and has made Zagat’s list of Top Restaurants for over 30 years.