VENTURE CAPITAL POST

The Bangladesh central bank said that it has lost $100 million from its account at the Federal Reserve Bank of New York, later discovered to be transferred to the Philippines banking system. The central bank claimed that the Fed’s system was hacked, although the New York Fed denied that there was any hacking attempt made regarding that transaction.

Tech salaries are soaring higher, as last year it more than doubles the average pay in other sectors. It proves that the tech industry remains a major driving force in the U.S. economy with high income and massive job gains across the country.

Broadway ticketing mobile app has secured a Series B funding. TodayTix has also expanded its coverage beyond Broadway to other American theaters and abroad.

Whole Foods is calling back its specialty cheese, Pecorino Aged Cheese in Walnut Leaves, that have been sold from its New York and Florida stores. The product, which tested positive for the bacterium Listeria monocytogenes, may have a fatal impact on the health of its consumers. The company has already notified its retailers and distributors and alerted its consumers of the same.

New York's first micro-units apartment building will be launched in March. Smaller apartments are getting more popular as a living alternative because of the lower cost. New York City ranked second in a list of cities with the highest rents.

Under a supposed repatriation program, Germany is bringing back its gold reserves from the vaults of Paris and New York. Germany had stored all its bullion overseas fearing a Soviet Union attack during the Cold War. Till date, the Deutsche Bundesbank has managed to get around 366 tons to Frankfurt, which is almost half of the total reserve of 674 tons that it plans to repatriate by 2020.

Three stores in New York will be converted to Starbucks stores, one store in Beverly Hills will be closed completely, one other in Seattle will remain open. More than 350 retail locations will also continue to sell the Teavana products, and some of the menus will be incorporated into Starbucks' menu.

JPMorgan Chase is all set to revolutionize the concept of ATM cash withdrawals. The bank will introduce the new system in the form of e-ATMs which will basically render bank cards redundant. The machines will dispense cash via a simple mobile app, in different denominations like $1, $5, $20, and $100 bills. At the same time, Chase has increased the withdrawal limit by three times, at $3000.

Luxe valet parking app is partnering with Tesla. The two-year old tech startup will provide Tesla owners in New York and San Fransisco its on-demand valet parking service.

Time Warner Cable raises its cable and internet rates in New York after its $55 billion merger with Charter Communications got approved.

A $2 million study relieves Uber of the blame of adding to New York traffic congestion. The study basically refutes the allegations made by Mayor de Blasio, and throws up several more findings which hints at commercial car industry needing sweeping reforms.

New York state is offering a unique pilot English language learning program that works through phone calls and text messages. Candelaria Lopez a Mexican immigrant, living in the United States for 20 years, was pretty much only comfortable saying “Hi”. It was hard for her to find the energy to sit through a 3-hour session after her long days as a farmworker in a New York’s Hudson Valley region.

In order to strengthen New York's ability to fight with ever-rising terrorism, Gov. Andrew Cuomo has taken strong measures. He has announced two exceptional efforts including latest terrorism preventing 'See Something, Send Something' app to help and put an end to terrorism.

Governor Andrew M. Cuomo announced Tuesday that he would increase minimum wage to $15 for all state workers in New York. According to The New York Times this minimum wage hike makes the New York the first state to put the pay this high for the public employees.

The US American Express Centurion is already considered as a huge step up from other domestic US lounges as they feature great decors from real hot food, complimentary beer, wine, and cocktails. And now, they decided to pair up with Uber rides with their new free rides promotion.