China's central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy

Dock 72 needed some good news — and it got it. Developers Boston Properties and Rudin snared Pratt Institute as a new tenant. The 62,570 square-foot lease will bring to the Brooklyn Navy Yard cutting-edge waterfront office building Pratt’s new MFA studios, which will have the entire third floor. The venerable private college will move…

Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from…

Outspoken Applebee’s franchise owner Zane Tankel sold off the majority of his restaurant portfolio to a longtime rival in a $140 million deal. The 83-year-old Tankel, who owned 23 Applebee’s Grill & Bar eateries in the New York City area, agreed to part with 21 of them in the deal with New Jersey-based Doherty Enterprises…

Ford Motor said Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles softens. The No. 2 US automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts…

Billionaire whose family trust owns the Tottenham Hotspur soccer club pleads guilty to insider trading in New York