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One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

Martin Eiden | June 7, 2025

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New and Noteworthy

One Full Point

President Donald Trump urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point despite a better-than-expected jobs report Friday. The economy generated 139,000 new jobs in May, above consen-sus expectations. The Fed cut rates by one full point in total during President Joe Biden’s final year in office.

(Full Story)

Slow and Steady

The major U.S. stock indexes recorded their second positive week in a row, rising around 1% to 2% for the week. The results pushed indexes to their highest levels in more than three months, although the S&P 500 remained more than 2% shy of its record high set nearly four months ago. TSLA sunk 14% on Thursday as the Musk-Trump feud erupts.

(Full Story)

See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

A new pedestrian plaza opened last week, bringing new trees, plants, a new Citi Bike station, and new bistro tables and chairs to what used to be a chaotic, traffic-filled street. The idea for the new plaza where Park Avenue and 42nd Street intersect in front of Grand Central Terminal, called Pershing Square Plaza, started back in 2013 as a way to make the area safer for pedestrians. (Full Story)

Team News

🏳️‍🌈 Happy Pride Month 🌈

Happy Pride Month from all of us! This month, we celebrate the vibrant spectrum of identities, the hard-won victories, and the everyday courage of the LGBTQIA+ community. We honor the trailblazers who came before us and stand in solidarity with those still fighting to be seen, heard, and safe. Pride is more than a celebration—it’s a reminder of the love, resilience, and shared humanity that unites us. We are proud to stand together, not just in June, but always, in the ongoing work of building a more inclusive and compassionate world for all.

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