The city’s already slower-than-expected economic recovery from the pandemic downturn has stalled and threatens a see-saw double-dip recession, at least for the early months of the year.

In a normal September, world leaders would fly to New York to grab a piece of the spotlight at the opening of the United Nations General Assembly, pumping up to $12 million into the city’s hotels alone.

2020 may be over, but the pains of the coronavirus pandemic that have ravaged the hotel sector in New York haven’t gone away.

The Ninth Circuit partially revived a shareholder suit Monday alleging generic-drug maker Impax Laboratories Inc. participated in a price-fixing scheme that led to a dip in the company’s stock price, finding that the investors sufficiently alleged the cause of some of their economic losses but missed the mark on others.

Employees at Williamsburg’s trendy William Vale Hotel have been hit with a round of layoffs, yet another sign of how badly the city’s hospitality industry is struggling amid the pandemic.

In a normal September, world leaders would fly to New York to grab a piece of the spotlight at the opening of the United Nations General Assembly, pumping up to $12 million into the city’s hotels alone.

Politico: New York Playbook Newsletter By Erin Durkin and

Owners of largely empty hotels and office buildings in Manhattan’s central business district amid the coronavirus pandemic could convert their properties into apartments under a proposal announced Monday by Gov. Andrew Cuomo.