August 11, 2025 - 22:40

Once promising a glimpse at the possible future of transportation in New York City, Revel has decided to halt its electric vehicle ride-share operations. The company, which aimed to revolutionize urban mobility with its fleet of electric scooters and cars, is now redirecting its efforts towards the development of charging infrastructure.
This shift marks a significant change in strategy for Revel, which had garnered attention for its innovative approach to ride-sharing in a city known for its heavy traffic and pollution. The ride-share market has become increasingly competitive, and Revel's decision to pivot reflects the challenges faced by many companies in the sector.
By focusing on building charging stations, Revel aims to support the growing demand for electric vehicles and contribute to a more sustainable urban environment. The company believes that enhancing the charging infrastructure is crucial for the future of electric mobility in New York City, ultimately benefiting both consumers and the environment.
February 24, 2026 - 21:58
Mpls Fed survey: Upper Midwest businesses report falling profits, tariff uncertaintyA recent survey conducted by the Federal Reserve Bank of Minneapolis reveals a concerning trend of falling profits across the Ninth District, which encompasses the Upper Midwest. Businesses from...
February 24, 2026 - 05:04
Widespread boil water advisory prompts businesses to closeA major boil water advisory has swept through the city, leading to the immediate closure of numerous restaurants, cafes, and other businesses reliant on safe tap water. City officials confirmed the...
February 23, 2026 - 18:50
NYC mayor threatens property tax hike, raising concerns for businessesA proposed property tax hike from New York City`s mayor is generating significant concern among the city`s business community. The initiative, aimed at addressing a substantial budget shortfall,...
February 23, 2026 - 12:25
Media Buying Briefing: Dentsu’s new CEO on how he’s going to grow the business againTakeshi Sano has assumed the role of global CEO at Dentsu, signaling a strategic shift for the advertising holding company. Sano brings a distinctly more outgoing and worldly approach to leadership...