Latest news with #MichaelNagle
New York Post
21 hours ago
- Business
- New York Post
Manhattan foreclosures spiked this spring — and didn't spare one of the wealthiest ZIP codes
April showers brought Manhattan foreclosures this spring — even in the poshest parts. Fresh data, published by the real-estate industry portal PropertyShark, documented an 11% citywide jump in new foreclosure filings from April through June, compared to last year. Manhattanites with mortgage defaults rose 15%, with a surprising number of cases documented in one of the city's historically wealthy ZIP codes. 5 A historically wealthy swath around Park Avenue saw a shocking spike in foreclosures. Rinze van Brug 5 Citywide foreclosures numbered 408 in the spring. zimmytws – Out of 46 Manhattan homes hit with new filings, eight were clustered in Midtown's 10022 ZIP code — a locale known for exclusive 100-year-old buildings, sky-high prices and old-money owners. ZIP code 10022 spans roughly from 49th to 60th streets, sandwiched between Fifth Avenue and the East River. The area encircles landmarks like the Waldorf Astoria New York and Bloomingdale's. Its local reputation for luxury shopping, particularly along Fifth Avenue, comes with home prices to match — the median listing price in the 10022 ZIP code was $1.3 million in June, according to reporting. Looming debt and lagging sales are bogging down even the city's most well-heeled residents. 5 The ZIP code of 10022 encompasses some of the best shopping and some of the highest prices in the city. Michael Nagle 5 Grand Army Plaza at Central Park borders the well-off nabe. MISHELLA – 'Interest rates are rising, there is high economic distress, many times generational wealth does not mean someone is liquid,' luxury Serhant realtor Peter Zaitzeff told the Daily Mail. Even historic pre-war condominiums like the Parc Vendome building on West 57th Street, on the opposite side of Central Park, saw a foreclosed-upon studio recently enter contract with a listing price of just $525,000. Across the river, Brooklyn led the city in foreclosure filings, dethroning Queens. Kings County saw 129 new filings in the spring, a 36% spike compared to last year. Canarsie and East Flatbush led the borough with 17 cases. 5 Flatbush and Canarsie led Brooklyn's numerous foreclosures, but record-high cases came from across the city, in The Bronx. Helayne Seidman Queens, the city's most active market, saw a welcome 20% slowdown in fillings, down to 128 in the second quarter of the year. Staten Island foreclosures, on the other hand, increased by 25% to 48 cases, and activity in The Bronx hit a new high. The borough surpassed its five-year foreclosure peak with 57 filings last quarter.
New York Post
14-07-2025
- Business
- New York Post
NYC bill would ban pet stores from hawking birds — leaving activists crowing and small-biz owners crying fowl
City pet shops would be barred from hawking birds under a new local bill that's pitting animal activists against mom-and-pop peddlers. The animal-rights camp says the proposed New York City Council plan — introduced less than a year after the Big Apple banned shops from selling cats, dogs and rabbits — is needed to thwart cramped, inhumane breeding mills. Advertisement 'Birds are not decorations, toys, or commodities—they are living, feeling animals who should not spend their lives caged in tiny New York City apartments,' said Allie Feldman Taylor, founder and president of Voters For Animal Rights, which has been pushing for the ban alongside Councilwoman Diana Ayala. But bird sellers are crying foul, claiming the bill could be their swan song. 6 Big Apple pet stores would be banned from selling birds under a new City Council bill. Michael Nagle Advertisement 6 If the plan passes, it would be a swan song for many of Gotham's mom-and-pop shops, owners say. Michael Nagle 'They're going to force people out of business,' said Sayari Hichem, a former pizza-shop worker who has owned Royal Birds & Supplies in Richmond Hill, Queens, for just under two years. 'It's going to affect every single person [involved].' The bill would bar pet stores from slinging parrots, parakeets, cockatiels, macaws and other popular pet species but not ban the peddling of poultry such as chickens. If passed, it would mark the first retail ban of birds in the state. A similar bill at the state level is in committee. Advertisement 'New York has already banned the retail sale of dogs and cats due to the cruelties of the puppy mill industry,' said Humane Long Island Executive Director John Di Leonardo to The Post. 'However, these cruelties pale in comparison to an industry that cages birds by the hundreds or even thousands in cramped and barren cages,' he said — adding the birds screech, suffer and mutilate themselves in confinement. 6 Birds in cages are peddled for sale at Royal Birds & Supplies in Richmond Hill, Queens. Michael Nagle But the legislation is already ruffling feathers in the Big Apple's pet-store community, with a 'high percentage' of bird shops and supply stores expected to close as a result, according to Felix Nieves, who owns Pet NV Discounts in Bushwick, Brooklyn. Advertisement Nieves, who has run his Central Avenue supply shop for 37 years, fears that his store — which doesn't sell live animals — would be another casualty of the ban. 6 'They're going to force people out of business,' said Royal Birds owner Sayari Hichem. Michael Nagle 'When they banned rabbits, there was a decline in sales for rabbit food and cages,' he said. 6 Bird-peddling shops say they're the best way to regulate the market. Michael Nagle Hichem, 49, who sells about three birds per week, warned that the bill will only move bird sales to the unregulated 'black market,' where many breeders have allegedly already started turning a profit without a middleman. Megan Walton of the New York-based avian sanctuary Pigeons for Miles said the proposed legislation could result in a 'backyard breeding nightmare kind of situation very quickly if there aren't provisions in place to prevent that.' She said the ban will still take 'ages' to go into effect as Big Apple birds continue to suffer — including a baby parrot at a shop in Corona, Queens, that reportedly died inside its cage while the others pecked at the glass last month, according to a video shared with The Post. But Hichem denounced what he called the bill's one-size-fits-all measure and argued his store — which also takes in rescues and surrenders — is much more than just a shop: It's an avian sanctuary for birds who have nowhere else to go. Advertisement 'They think we're abusing the birds … It's not the right way, to ban a place that the birds need,' he said, adding that he hand-feeds and raises '90%' of his birds before they're sold to the public. 6 Hichem says his store — which also takes in rescues and surrenders — is much more than just a shop: It's an avian sanctuary for birds who have nowhere else to go. Michael Nagle But animal activists say bird surrenders from well-meaning families are already packing sanctuaries, and that the bill would open up avenues for local stores to generate a new kind of revenue by leasing much-needed shelter space for dogs and cats that can be adopted. Advertisement 'We experienced the same concerns when we fought to restrict wild animals in circuses years ago – now Ringling Bros. and Barnum and Bailey Circus is back animal-free,' Di Leonardo said. 'Businesses must evolve with evolving times, but evolving times simply means new opportunities for savvy entrepreneurs.'
New York Post
12-07-2025
- Entertainment
- New York Post
Bringing down the dog house: cute pets gather with stars at Shubert Alley for Broadway Barks adoption event
The star-studded 27th annual Broadway Barks dog and cat adoption event went off without a hitch Saturday at Shubert Alley, the heart of the Great White Way. Broadway legend Bernadette Peters co-hosted the event with Beth Leavel, who just wrapped up an extended run in Stephen Sondheim's 'Old Friends.' 6 Puppies found in Queens got a lot of love from Broadway Barks attendees. Michael Nagle 6 A woman pets four-month old Terrier mix puppies rescued from Georgia. Michael Nagle 6 Doggie selfies were also taken during Saturday's eveny. Michael Nagle The presenters for this year's event included three-time Tony Award winning actor Andy Karl, 'Mary Poppins' star Gavin Lee, 'Hell's Kitchen' lead Jessica Vosk, and South African-born country singer and actor Orville Peck Erika Henningsen from 'Mean Girls,' Lesli Margherita from 'Gypsy,' Erich Bergen from 'Jersey Boys,' and Michelle Williams from Destiny's Child and 'Death Becomes Her' also served as presenters. 6 Broadway Cares Beth Leavel, left, and Bernadette Peters pose with rescue pups. Michael Nagle 6 This little lab mix was sent home with new owners. Michael Nagle 6 There was a great turnout for the event. Michael Nagle The event brings animal shelters and rescues from across New York into one spot, in hopes of finding forever homes for hundreds of loving pets. The event is produced by Broadway Cares/Equity Fights AIDS, and helps promote the importance of spaying and neutering throughout the Five Boroughs.
Toronto Sun
11-07-2025
- Business
- Toronto Sun
Trump's trade war pushes some Canadians to turn sour on U.S. stocks
Published Jul 11, 2025 • 2 minute read Pedestrians pass the New York Stock Exchange. Photo by Michael Nagle / Bloomberg Canadians have been shunning U.S. products as a result of President Donald Trump's trade war. Now there's evidence some also want to see fewer U.S. stocks in their retirement accounts and pensions funds. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Almost half of Canadians — 47% — believe pension managers should be reducing their holdings of American assets, according to a new poll by Nanos Research for Bloomberg News. Just 9% said they think funds should increase their allocations to the U.S. The poll was taken in early July, before Trump's most recent escalation of tariff threats against Canada. The Nanos survey comes after a report from Sun Life Financial Inc. said that more Canadian investors shifted money out of U.S. equity funds during the first quarter than in any other period since the early days of the Covid pandemic. Sun Life, which is among the largest workplace pension plan providers in Canada, said call volumes to its service centre spiked when Trump launched his tariff war earlier this year — 'and unlike previous market events, these concerns have translated into concrete portfolio adjustments for some members.' This advertisement has not loaded yet, but your article continues below. The firm's report is based on its database of 1.5 million members of capital accumulation plans, which include people who hold so-called 'defined contribution' retirement plans through their employers. Canadian investors may have simply been selling down some of their U.S. equities after enjoying sharp gains in 2023 and 2024. But Sun Life believes nationalism was probably a factor, too. 'The 'buy Canadian' sentiment that gained popularity earlier this year may also be having an impact on how people are investing their money,' Dave Jones, senior vice president of group retirement services at Sun Life, said in a statement. Canada's largest public pension funds all have large allocations to U.S. assets, but some are now looking to lock in gains after years of strong equity performance. The head of Caisse de Depot et Placement du Quebec said last month he wanted to scale back on U.S. investments. 'It's been 10 years of U.S. exceptionalism,' Caisse CEO Charles Emond said. 'We're at 40% of our total fund in the US. I'd say that's kind of the peak, like to trim a bit.' The moves also come as the Canadian stocks benchmark has outperformed U.S. peers this year. The S&P/TSX Composite Index has gained 9.5% so far in 2025, outpacing the 6.8% advance of the S&P 500.
The Star
11-07-2025
- Business
- The Star
Samsung plans to unveil its first trifold smartphone in 2025
Apple Inc. is expected to enter the foldables category as early as next year. — Photographer: Michael Nagle/Bloomberg Samsung Electronics Co. plans to begin selling a so-called trifold smartphone later this year, joining rival Huawei Technologies Co. in exploring a relatively untested market that pushes the boundaries of foldable technology. Acting mobile and consumer electronics chief TM Roh disclosed the plan Wednesday on the sidelines of the company's Unpacked event in New York, where Samsung unveiled three foldable smartphones as part of a strategy to reinforce its leadership in the category. "We are working hard to release the trifold by the end of the year,' Roh told reporters. The company hasn't decided on a name for the gadget. In developing its own trifold, Samsung is gearing up to compete with Chinese rival Huawei, which unveiled the world's first trifold smartphone in September. Huawei's device, called the Mate XT, folds in two places, and when completely unfurled, it offers a large 10-inch display for advanced multitasking and more immersive entertainment consumption. Samsung's newly announced Galaxy Z Fold 7 phone, which folds in one place, has a smaller 8-inch inner display, though it's far thinner than Huawei's Mate XT when folded shut. Apple Inc. is expected to enter the foldables category as early as next year, Bloomberg has reported, with an iPhone similar in concept to the Galaxy Z Fold 7 and Google's Pixel 9 Pro Fold. Other folding smartphones like Samsung's new Galaxy Z Flip 7 and Motorola's Razr Ultra fold down vertically to a compact shape with a smaller outer screen intended for brief interactions. – Bloomberg
