Shares in Orsted and other offshore wind developers have taken a hit after New York regulators rejected their request for a higher price for electricity generated from their projects off the state's coast. The New York State Public Service Commission defended its decision, stating that altering the contracts would result in higher bills for ratepayers. Residential customers … [Read more...] about Offshore Wind Developers Face Setback in New York
New York
Rockefeller Capital Management Adds New York Advisors to Wealth Management Division
Rockefeller Capital Management is expanding its wealth management division with the addition of a team of top advisors based in New York. Led by Angela Mwanza, the six-person practice, now known as Oryx Legacy Partners, was previously affiliated with UBS and operated under the name Evergreen Wealth Management. Angela Mwanza, originally from Zambia, brings a wealth of experience … [Read more...] about Rockefeller Capital Management Adds New York Advisors to Wealth Management Division
New York Manufacturing Picks up After Three Months of Sluggishness
Source: New York Fed Business activity in New York surged in April to return to positive levels, following three straight months of sluggishness. NYF is down 0.26%, while QQQ is down 0.15% premarket. The general business conditions index stood at 24.6 points, up by 36.4 points from the -11.8 points in March.Some 40% of survey respondents said conditions have improved … [Read more...] about New York Manufacturing Picks up After Three Months of Sluggishness
