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NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure
NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure
Fears of a possible collapse at a condo tower under construction near Grand Central Terminal had abated by the end of the week, but the incident only signals the massive engineering challenges tied to Manhattan's office-to-apartment conversion boom.
The former Pfizer headquarters at 235 East 42nd Street, being converted by David Werner and Nathan Berman's Metro Loft Management into more than 1,600 residential units, has become a high-profile example of the risks of repurposing aging office towers into housing at...
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May 6, 2026 / Tyler Durden
'Still So Early On This Journey': Morgan Stanley Launches Lower-Cost Crypto Trading
'Still So Early On This Journey': Morgan Stanley Launches Lower-Cost Crypto Trading
Just a week after Amy Oldenburg, Morgan Stanley’s head of digital assets, spent the better part of an hour making a case for bitcoin that few clients have heard in full (a gap she says is the industry’s most urgent problem), the bank announces the launch of crypto trading on E*Trade, charging 50bps in a pilot that undercuts rivals like Coinbase, Robinhood, and Charles Schwab.
CoinDesk reports that Morgan Stanley’s Head of Wealth Management, Jed Finn, said the initiative goes beyond...
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Mar 18, 2026 / Will Porter
US Scales Back Venezuela Oil Sanctions
The US Treasury Department has relaxed its sanctions on Venezuela’s oil sector, allowing American companies to engage in certain transactions with the country’s state-owned energy firm. In a general license issued on Wednesday, the Treasury outlined broad exemptions for the US oil sanctions, which had prohibited most trade with Caracas’s state-run oil company, Petróleos de […]
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Jul 28, 2026 / Kyle Anzalone
White House: Trump Concludes Positive, Productive Meetings with Zelensky and Netanyahu
White House Press Secretary Karoline Leavitt said that President Donald Trump concluded meetings with Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelensky. “President Trump has concluded his meetings in the Oval Office with President Zelensky and Prime Minister Netanyahu,” Leavitt wrote on X Tuesday. “Both meetings were positive and productive!” Zelensky and Netanyahu […]
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