Guggenheim Lays Off 20 Employees as Financial Challenges Persist

Senior leadership at the Guggenheim will not be taking pay cuts, according to a museum spokeswoman, Tina Vaz. The cuts are spread over six departments, including advancement, education, publications and archives, but do not affect curators and top executives. Additionally, the museum’s chief curator, Naomi Beckwith, who is organizing two major exhibitions in Europe for … Read more

Eric Adams Backs Out of Mayoral Forum at Last Minute

After months of shunning his rivals at political candidate forums, Mayor Eric Adams was finally going to make his debut at a gathering on Wednesday night run by a major New York City union. It didn’t happen. Mr. Adams withdrew at the last minute from the forum, telling reporters on Wednesday afternoon that his defense … Read more

Citigroup Makes an $81 Trillion Mistake

We all make mistakes on the job. But rarely do they involve moving funds that dwarf the gross domestic product of every country in the world. Citigroup accidentally credited a client’s account with $81 trillion when it meant to send only $280, the latest mistake at a bank that is struggling to repair its reputation … Read more

A Push to Help Street Vendors ‘Leave the Shadows’

Good morning. It’s Friday. Today we’ll look at a push by street vendors to change city permitting regulations that they say keep them from operating legally. We’ll also get details on a move by the City Council speaker in advance of a potential campaign against Mayor Eric Adams. Thousands of street vendors in New York … Read more