Categories New York

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88 out of top 200 US cities have seen internet speeds decline this past week, 3 cities by more than 40%

The impacts of telecommuting, shelter-in-place laws and home quarantines resulting from the COVID-19 outbreak are starting to impact broadband speeds across a number of U.S. cities, a new report has found. According to broadband analysis site BroadbandNow, 88 out of the top 200 most populous U.S. cities analyzed have now […]

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Tesla CEO Elon Musk: New York gigafactory will reopen for ventilator production

Tesla CEO Elon Musk said Wednesday that the company’s factory in Buffalo, New York will open “as soon as humanly possible” to produce ventilators that are in short supply due to the spread of the COVID-19 pandemic. His comments, which were made Wednesday via Twitter, follows previous statements by the […]

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FDA now allows treatment of life-threatening COVID-19 cases using blood from patients who have recovered

The U.S. Food and Drug Administration (FDA) has updated its rules around use of experimental treatments for the ongoing COVID-19 pandemic to include use of “convalescent plasma,” in cases where the patient’s life is seriously or immediately threatened. This isn’t an approval of the procedure as a certified treatment, but […]

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With the real estate industry facing headwinds, SoftBank-backed Compass lays off 15% of staff

Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, has laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic, according to an internal email seen by TechCrunch. Citing economic fallout that […]

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Justice Dept. files its first coronavirus takedown: a bogus vaccine website

U.S. federal prosecutors have filed and won a temporary restraining order against a website offering a fraudulent coronavirus vaccine, which the Justice Department said is its first enforcement action related to the pandemic. In a statement, the Justice Dept. said the action was taken against a website, said to be […]

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NYSE will temporarily close its trading floor and move to electronic trading only

The New York Stock Exchange will close its trading floor on Monday, March 23 and fully move to electronic trading, the exchange’s operator Intercontinental Exchange announced today. The actual physical locations that will close are the NYSE equities trading floor in New York, the NYSE American Options trading floor in […]

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Charter staff told to report to offices despite positive coronavirus tests

Staff at telecommunications giant Charter Communications are still having to work from corporate offices — against the advice from the federal government — despite at least one employee testing positive for coronavirus and other staff coming into contact with another confirmed case. The phone and internet giant, which owns the […]

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Administration expands telemedicine for Medicare and encourages health plans to boost offerings

The U.S. government is moving to lift restrictions on telemedicine services and expand coverage to all Americans, even as many providers say they’re struggling to meet existing demand. The expansion covers roughly 62 million Medicare beneficiaries who are among the most vulnerable to the novel coronavirus. “This action is a […]

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Airlines start canceling more flights from Europe as new restrictions go into effect

With the White House’s surprise decision to bar foreign nationals from Europe from entering the United States, the already battered airline industry is facing yet another challenge. Unsurprisingly, we are now seeing even more cancellations across the industry as even U.S. citizen and legal permanent residents can now only enter […]