Investing and Global Finance News

Category Archives: Company Focus

Social Media Steps in to Rescue New York City Bookshop

Social Media Steps in to Rescue New York City Bookshop

The Strand, New York’s most legendary bookstore, is breathing a sigh of relief, for now.  In late October, Nancy Bass Wyden, the third-generation owner, turned to social media as a last ditch effort to keep from permanently closing Strand’s doors. A typical day sees about 300 web orders; the influx of online orders following Wyden’s… Continue Reading

NY City Businesses That Opened During the Pandemic

NY City Businesses That Opened During the Pandemic

More than 2,800 businesses New York City businesses have shuttered their doors as a result of the COVID-19 pandemic. But New Yorkers are known for resilience, and many new businesses successfully opened their doors in the coronavirus economy. The brand new Krispy Kreme shop, a full 4,500 square-foot venue, is open for business in the middle of Times Square.… Continue Reading

Pandemic Brings Early Holiday Season to New York

Pandemic Brings Early Holiday Season to New York

The rushed last-minute holiday shopping scramble may just be another annual tradition lost to the coronavirus pandemic. Across New York and the country, retailers are getting a head start on the holiday season. While most shoppers don’t usually appreciate the holiday “creep,” this year there are several good reasons for getting an early go on… Continue Reading

Health Heroes: A New Award Program for New York

Health Heroes: A New Award Program for New York

Empire BlueCross BlueShield, in collaboration with Crain’s New York Business, has launched the 2020 Empire Whole Health Heroes Awards program. The program is designed to recognize and highlight individuals who have exhibited profound commitment, kindness, and outstanding leadership in the field of health and wellness in New York City during the continued coronavirus emergency. As… Continue Reading

Crisis as Opportunity for Female Leadership

Crisis as Opportunity for Female Leadership

The coronavirus pandemic is generating thousands of opportunities for women to showcase their strengths and step into leadership positions. The economies disrupted by COVID-19 will eventually need to be realigned. Businesses around the world will be redefining their operational models and reassessing their business strategies. European Central Bank President, Christine Lagarde, argues that the male… Continue Reading

Robots are Having their Shining (and Cleaning) Moment

Robots are Having their Shining (and Cleaning) Moment

The coronavirus pandemic has underscored the need for heightened cleaning and hygiene practices in office buildings. Practically overnight, the need for comprehensive, reliable, and regular cleaning became a primary focus. Robots are emerging as cost-effective solutions to the challenge of properly and regularly washing and disinfecting large public areas. Neo, for example, a four-foot-tall, 1,000-pound… Continue Reading

New York Times Buys ‘Serial’ Podcast’s Production Company Behind

New York Times Buys ‘Serial’ Podcast’s Production Company Behind

The New York Times, building on the success of the “Daily” podcast it parents, is expanding its role in audio journalism. The Times Company bought Serial Productions, the company behind the hit podcast “Serial,” for $25 million. The purchase will facilitate the production company’s capacity to increase the number of shows it makes, and will… Continue Reading

Funding Growth for Oscar Health Insurance

Funding Growth for Oscar Health Insurance

Health insurance company Oscar has raised $225 million in its latest round of funding. Existing investors Alphabet, General Catalyst, Khosla Ventures, Lakestar, and Thrive Capital, renewed their commitments, while new supporters joined the venture, including Baillie Gifford and Coatue. Oscar, the New York-based health insurance provider, has raised a total of $1.5 billion since its founding in 2012 by Mario Schlosser and Joshua Kushner. It is the first direct-to-consumer health… Continue Reading

How Fintech is Helping Small Businesses

How Fintech is Helping Small Businesses

The current ongoing coronavirus pandemic has led to some remarkable business discoveries, including the revelation that fintechs, primarily online financial service companies, are effective liaisons for small business owners as well. The agility and flexibility that most fintech companies have allows them to be responsive in real-time; they experienced fewer policy and bureaucratic hurdles than… Continue Reading

Brooks Brothers Changes Course Due to Corona

Brooks Brothers Changes Course Due to Corona

In March, the Brooks Brothers clothing manufacturer was praised for its quick response to the novel coronavirus pandemic. The designer brand transitioned its three US factories to produce personal protective equipment for medical teams and frontline workers. But these same factories are now at risk of becoming casualties of the virus they were working to protect… Continue Reading