Investing and Global Finance News

Category Archives: Economy

The Innovation Potential in New York City’s Oldest Buildings

For all our modern-day advances, in every field and realm, industry and business still thrive on, and in, brick-and-mortar buildings. That is why commercial leaders are taking an aggressive approach to drive real estate out of the Stone Age, literally.

Innovating New York City’s Office Buildings

Commercial Observer held its first-ever Innovators Forum in early December 2019 at the Sheraton New York Times Square Hotel in Midtown. Executives discussed how office landlords are devising and implementing creative ways to keep tenants.

Google‘s Paul Darrah said his company focuses on “food service, amenities, fitness, and well-being,” as integral parts of the equation for employee satisfaction. Amol Sarva, co-founder of Knotel, said that flexible-workspace companies like his “unlock value” without putting the burden directly on the business-owner. HqO fills a similar need by offering outsourced office-space innovations to make the workday go smoothly for employees. The company’s software helps tenants’ employees control building systems like heat/air conditioning, order meals, and even get a ride home.

Larry Silverstein, the founder of Silverstein Properties and one of New York City’s oldest real estate business owners, recognized the challenges involved in upgrading buildings. He also said it was a necessary step, “there’s a future in the older buildings.”

The one-day forum ended with awards distributed to GenslerVTSLogical Buildings, Near Map, and HqO  for “pushing the boundaries of technology and sustainability.” 

New York Tech Celebrated at Blockchain Weekend

On the weekend of November 7-10, New York City was busy with the inaugural BlockchainWeekend NYC 2019. In partnership with the New York City Economic Development Corporation (NYCEDC), BlockchainWeekend highlighted projects from a variety of NY based companies, startups, and entrepreneurs. More than 50 events took place across all five boroughs, creating a networked platform for decentralized… Continue Reading

New York Colleges Offering More Tech-Ed

Five campuses of the City University of New York (CUNY) network are now offering more technology courses, bolstered faculty, and internship opportunities at local tech companies. This initiative is part of the city’s effort to double the number of CUNY alumni employed in the tech industry by 2022. New York’s Department of Small Business Services… Continue Reading

NYC to Track Vacancies, Support Small Businesses

New York City is building a database of vacant storefronts to help small business owners find appropriate spaces. The city’s rising rents and recent trends favoring online shopping have resulted in a vacancy crisis. The five bills passed in July 2019 as part of this effort require yearly reporting on storefront vacancies, updates on the… Continue Reading

Global Business City of the Year: Scottsdale, Arizona

The City of Scottsdale was recognized as the Global Business City of the Year at the 2019 Global Chamber “Grow Globally Fair.” Now in its 12th year, The Fair was founded to acknowledge and applaud businesses that are leading, exceling, and pushing the boundaries in international business. The Global Chamber is networked in 195 countries and more… Continue Reading

New Technology = New International Business Opportunities

In today’s world, the old saying “money talks” is truer than ever. But sometimes it really isn’t that easy to understand. International business opportunities have long been hindered by language barriers. When people and platforms struggle to communicate, it is no surprise that they can’t do business with each other. Thankfully, this problem is being… Continue Reading

NYC Companies Merge to create Wall Street’s largest woman- and minority-owned firm

The merger of the Siebert Cisneros Shank & Co. and the Williams Capital Group investment banks are merging to form Wall Street’s largest woman- and minority-owned firm. The new entity will be led by Chief Executive Suzanne Shank, who is describing the move as a merger of equals. Shank is the only African-American woman to run a… Continue Reading

New Jersey Gets Boost to Increase Small Business Exports

The New Jersey Office of Export Promotion announced that it has been awarded $900,000 in federal funds, for a program that supports small-business owners looking to export goods. This is the largest in the program’s history, from the U.S. Small Business Administration (SBA) through the State Trade Expansion Program (STEP). The program has assisted hundreds… Continue Reading

U.S. Companies Hiring More Experienced Finance Chiefs

Big companies are picking seasoned veterans for the most senior financial positions as they face challenges related to changing technologies, shifting consumer tastes, and economic outlooks. Corporate recruiters say the average age of CFOs has increased significantly this year: Finance chiefs at Fortune 500 and S&P 500 companies averaged 52.8 years in 2019. That’s five… Continue Reading

China’s Strategic Impact on Global Economics

China has “opened up” to the rest of the world.  This has “ushered in a new wave…particularly visible in the newly-released Catalogue of Industries for Encouraged Foreign Investment 2019 and the 2019 Negative Lists.” This was recognized at the 13th Summer Davos Forum as well as the recent (Japan-hosted) G-20 summit.  The “opening up” movement… Continue Reading