In this Nov. 3, 2016 file photo, skaters take to the ice at Wollman Rink in New York's Central Park. New York City will terminate business contracts with President Donald Trump after last week's insurrection at the U.S. Capitol, Mayor Bill de Blasio announced Wednesday, Jan. 13, 2021. The Trump Organization is under city contract to operate the two ice rinks and a carousel in Central Park as well as a golf course in the Bronx. (AP Photo/Mark Lennihan, File)
By Karen Matthews
New York City will terminate business contracts with President Donald Trump after last week's insurrection at the U.S. Capitol, Mayor Bill de Blasio announced Wednesday.
“I’m here to announce that the city of New York is severing all contracts with the Trump Organization,” de Blasio said in an interview on MSNBC.
De Blasio said the Trump Organization earns about $17 million a year in profits from its contracts to run two ice skating rinks and a carousel in Central Park as well as a golf course in the Bronx.
The city can legally terminate a contract if the leadership of a company is engaged in criminal activity, the Democratic mayor said. “Inciting an insurrection — let’s be very clear, let’s say the words again — inciting an insurrection against the United States government clearly constitutes criminal activity," he said.
An email seeking comment was sent Wednesday to the Trump Organization.
The move to end Trump's business contracts in the city he formerly called home is the latest example of how the Jan. 6 breach by violent Trump supporters is affecting the Republican president’s business interests.
The PGA of America voted Sunday to take the PGA Championship away from his New Jersey golf course next year, a move that came after social media platforms disabled Trump’s accounts and Shopify took down online stores affiliated with him.
De Blasio had said earlier that the city was examining its legal options to end the Trump contracts. He said Wednesday that city lawyers determined that if Trump sues over the move, the city will win. Trump “incited a mob to attack the Capitol,” de Blasio said, adding, “The lawyers looked at it and it was just as clear as a bell that’s grounds for severing these contracts and we’re moving to do that right away.”
The split with Trump's namesake company won't happen immediately, though. De Blasio said in a news release that terminating the contract to run the Ferry Point golf course in the Bronx is complex “and is expected to take a number of months.”
Termination of the contract to run Wollman Rink and Lasker Rink in Central Park will take effect 30 days after written notice is delivered, de Blasio said. Termination of the contract to run the carousel, which is now closed because of the coronavirus pandemic, will take effect 25 days after written notice.
The city will seek new vendors for all the attractions, the mayor said.
Removing the Trump name from the rinks, carousel, and golf course won't erase him from New York City. He will still operate Trump Tower on Manhattan's Fifth Avenue and the Trump International Hotel on Central Park West. Trump moved his official residence from Trump Tower to Florida in 2019.
The New York Times and President Donald Trump are fighting again. The news outlet said Wednesday it won't be deterred by Trump's “false and inflammatory language” from writing about the 79-year-old president's health. The Times has done a handful of stories on that topic recently, including an opinion column that said Trump is “starting to give President Joe Biden vibes.” In a Truth Social post, Trump said it might be treasonous for outlets like the Times to do “FAKE” reports about his health and "we should do something about it.” The Republican president already has a pending lawsuit against the newspaper for its past reports on his finances.
OpenAI has appointed Slack CEO Denise Dresser as its first chief of revenue. Dresser will oversee global revenue strategy and help businesses integrate AI into daily operations. OpenAI CEO Sam Altman recently emphasized improving ChatGPT, which now has over 800 million weekly users. Despite its success, OpenAI faces competition from companies like Google and concerns about profitability. The company earns money from premium ChatGPT subscriptions but hasn't ventured into advertising. Altman had recently announced delays in developing new products like AI agents and a personal assistant.
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.
U.S. sports betting is booming as NFL and college football fuel massive activity. BetMGM CEO Adam Greenblatt breaks down trends, growth, and what’s next.
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
Disney's changes to a program for disabled visitors are facing challenges in federal court and through a shareholder proposal. The Disability Access Service program, which allows disabled visitors to skip long lines, was overhauled last year. Disney now mostly limits the program to those with developmental disabilities like autism who have difficulty waiting in lines. The changes have sparked criticism from some disability advocates. A shareholder proposal submitted by disability advocates calls for an independent review of Disney's disability policies. Disney plans to block this proposal, claiming it's misleading. It's the latest struggle by Disney to accommodate disabled visitors while stopping past abuses by some theme park guests.
With a merger this big, creators, studios, and theaters all face uncertain futures. Here’s what experts are worried about and what good could come from it.
With disengagement rising and hybrid work shifting, 'Everybody Matters' author Bob Chapman explains why treating people well could define the future of work.
We sat down with Ali Furman, U.S. Consumer Markets Industry Leader at consulting firm PwC to ask what trends she garnered from the initial data this year.