NewYork

DoorDash Launches New Program Paying Nearly $17 Million to Delivery Workers in New York

1 month ago

Food delivery service DoorDash has announced the launch of a new initiative that will allocate nearly $17 million for payments to its delivery workers in New York. The funds will be used to compensate and improve the wages of workers who rely on tips from customers. It is important to note that DoorDash will use this amount to ensure that delivery wages do not fall below $1.50 per mile.

Credit Card Debt Reaches New Record High According to New York Fed Data

5 months ago

According to the latest data released by the New York Federal Reserve Bank, credit card debt in the United States has soared to a record level of $1.03 trillion. This significant increase comes amid a rising debt burden among Americans, raising serious concerns among economists and financial analysts.

The Federal Reserve Considers Rate Cut After Discussions in New York and Chicago

7 months ago

Recently released minutes from the Federal Reserve's meeting offer crucial insights into potential approaches for future monetary policy. Notably, discussions held in the Fed's branches in New York and Chicago indicate that these entities support the possibility of a rate cut as early as July. These aspects were examined in the context of the current economic situation and anticipated inflation and growth trends.

Job Loss Expectations Hit Record High in New York

8 months ago

According to the latest study conducted by the New York Federal Reserve, the level of concern over job loss among Americans has reached record highs. In this August 2024 survey, around 14% of respondents expressed worry about the likelihood of losing their job in the coming months. The data shows that this figure has significantly increased compared to similar surveys in previous years.

Peru Group Relaunches NYC Roadshows on Downgrade Wake-Up Call

8 months ago

A Peruvian group composed of various state and private companies has decided to relaunch its series of presentations and meetings in New York, targeting potential investors. This decision comes in the wake of a recent downgrade of the country's credit rating, which has served as a wake-up call for the economy, highlighting the need to restore the trust of international financial institutions.