Raj Subramaniam took over three years ago from FedEx’s founder, who ran the company for nearly 50 years. Since then, technology, tariffs and other disruptions have “fundamentally shifted” patterns of global trade.

At its 56th annual meeting in Davos, the World Economic Forum will wrestle with war, economics, artificial intelligence and other pressing issues.

Getting family members to listen to you when you think they are headed down a dangerous financial path can be difficult. But there are preventive steps you can take.

In previously unreported remarks, the White House press secretary Karoline Leavitt told CBS News that Mr. Trump would “sue” the news outlet if it did not air an interview unedited.

Videos of immigration officers dragging an employee out of a store near Minneapolis, the retailer’s hometown, set off renewed political debate after years of boycotts.

The president escalated his drive to take charge of the Danish territory, targeting eight countries with tariffs.

The bankruptcy auction of Pinnacle’s 5,141-unit, Brooklyn-Manhattan portfolio so perfectly encapsulates the madness of rent stabilization in New York — and the politics of Mayor Zohran Mamdani — that I could write a book about it. But in the interest of urgency, below are some quick thoughts on Summit USA’s winning bid of $451.3 million. Let’s start with this statement by the mayor’s deputy mayor for housing, Leila Bozorg: “Thanks to our intervention and dedicated organizing by tenants, the new owner of these buildings has committed to invest $30 million and to cure all violations within six months.” Is that […]

This article originally appeared on The Real Deal. Click here to read the full story.

While the industry continues to hold its breath for what new Mayor Zohran Mamdani will mean for development, it will face a familiar foe on one of City Council’s housing-related subcommittees.  City Council Speaker Julie Menin this week appointed Chris Marte to chair the Subcommittee on Landmarks, Public Sitings, Resiliency and Dispositions.  Marte has the infamous claim to being the only Manhattan City Council member to vote against City of Yes, which has helped to spur development around the city through rezoning certain neighborhoods, easing air rights transfers and expanding residential conversion opportunities.  While Marte’s role as a City Council […]

This article originally appeared on The Real Deal. Click here to read the full story.

The Alexander brothers made their final appearances in federal court before their sex trafficking trial is officially underway. Judge Valerie Caproni waded through the arguments and requests by disgraced brokers Oren and Tal, along with brother Alon, in court last week, including arraigning Oren and Alon on a new charge. The brothers will be back in the courtroom on Tuesday, Jan. 20 for jury selection, with the opening statements of their trial scheduled to begin on Jan. 26.  On Monday morning, U.S. marshals led the Alexanders, clad in khaki uniforms, into a Downtown Manhattan courtroom for what was supposed to […]

This article originally appeared on The Real Deal. Click here to read the full story.

Summit Properties was confirmed on Friday as the buyer of more than 5,100 apartments from Pinnacle Group. Summit will pay $451.3 million for the mostly rent-stabilized portfolio.  The hearing marks the end of a weekslong battle, with Joel Weiner’s Pinnacle and Summit on one side and Mayor Zohran Mamdani’s administration and tenants on the other. The latter group tried unsuccessfully to stop, pause and delay the sale, hoping for a tenant-aligned bidder or concessions from Summit.  The result came another stop-and-start conflict elsewhere in New York court. Three of New York’s biggest real estate players started the week by gearing […]

This article originally appeared on The Real Deal. Click here to read the full story.