Robert Khodadadian

The rumors can stop. Uptown institution Rosa Mexicano will stick around Lincoln Center to serve guacamole and margaritas after a night at the opera. Only now, the 40-year-old Mexican restaurant will move from 61 Columbus Avenue to the neighboring Empire Hotel, according to landlord broker Winick [...] Proptech-focused venture capital firm Era Ventures announced Wednesday that it has secured $88 million for its inaugural investment fund.

The Federal Reserve’s Federal Open Market Committee on Wednesday slashed the federal funds rate by a half percentage-point to a range of 4.75% to 5.00%. The first interest rate cut since March 2020 represented a reversal in strategy for the central bank, which had held its key interest rate at a 23-year high for 14 months prior to Wednesday. With inflation approaching the Fed’s target of 2%, policymakers are pivoting away from fighting inflation to the job market.