New York Governor Kathy Hochul announced Wednesday she is indefinitely delaying the implementation of congestion pricing in New York City’s borough of Manhattan just weeks before the plan was set to take effect, dealing a major blow to transportation advocates who have spent decades pushing for the deal and a…

Investment Case Over the past few years, shareholders of Equity Commonwealth (EQC) have patiently waited for management to deploy their large cash reserves. For years, management has been on the lookout for an M&A deal to transform the company from an Office REIT to an Industrial REIT. The company got…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US discount retailer Dollar Tree has launched a process that could lead to the sale of its Family Dollar chain, almost a decade after it purchased the business in an $8.5bn deal. Dollar…

The US and its closest intelligence partners are warning that China has intensified a campaign to recruit former Western military pilots and other service members to train its own aviators, according to a joint bulletin released by the nations on Wednesday. Beijing has for years struggled with its air operations…

(This Feb. 2 story has been corrected to remove the word ‘Chinese’ from paragraph 9) By Abhirup Roy SAN FRANCISCO (Reuters) – Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a…

Investing.com– Gold prices rose on Thursday and were undeterred by the Federal Reserve stating that it will likely keep interest rates higher for longer, while safe-haven buying amid an ongoing conflict in the Middle East also aided the yellow metal.  The Fed’s comments spurred a sharp reversal in risk-driven markets,…

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar eased on Friday as it headed for a fourth week of gains while traders reduced their bets on how quickly the Bank of Japan might raise interest rates and how soon the Federal Reserve will cut them. Traders shrugged…

WASHINGTON (Reuters) -Boeing and its Seattle-area machinists union will open negotiations on a new contract on March 8, a union spokesperson said on Friday. Formal negotiations between the U.S. planemaker and its largest union — District 751 of the International Association of Machinists and Aerospace Workers — were set to…

Saving for retirement requires dedication and time. During those years, however, market movements will make significant jumps that you can then celebrate. And we’re in the middle of such a shift. A recent Fidelity study highlights this very fact. According to a review of Fidelity 401(k) accounts, the number of…

As mortgage rates inch lower towards the 6% mark, the real estate market is cooling. Still, many homeowners still have low interest rates compared to the 6.66% they fell to last week. In fact, nearly 89% of borrowers have an interest rate below 6%, a Redfin study reports. just over…