You Searched For "taxi medallions" and got 20 results
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2 mins read
An NYC taxi-medallion company plunges 59% after the SEC alleges illegal stock promotion
The SEC said Medallion paid for more than 50 articles and hundreds of positive comments, calling th…
Matthew Fox  Â
1 min read
Dozens of New York City taxi drivers blocked the Brooklyn Bridge demanding medallion debt forgiveness
The union wants a better restructuring plan for taxi medallion loans. Taxi drivers have been protes…
DeArbea Walker  Â
2 mins read
NYC is using Biden's stimulus to support taxi drivers, the homeless, and give artists $5,000 checks
NYC detailed extensive plans for using the $5.9 billion it got from Biden's American Rescue Plan. M…
Ayelet Sheffey  Â
2 mins read
A Greenwich hedge fund is behind the mysterious buyer of the NYC 'Taxi King's' medallions
Of course, we can't say what MGPE's strategy with the medallions is - but there are more ways than…
Raul Hernandez  Â
2 mins read
A mysterious hedge fund just scooped up the foreclosed medallions from New York City's 'Taxi King'
All 46 medallions - the metal plates on yellow cab hoods allowing them to legally pick up street-ha…
Raul Hernandez  Â
3 mins read
The first Tesla taxi in NYC just hit the streets as the city's only electric yellow cab. The plan is for hundreds more to join it.
The taxi-leasing firm behind the car, Drive Sally, plans to roll out hundreds of Teslas to New York…
Tim Levin  Â
2 mins read
Analyst: Investors should short taxi medallions because Uber is destroying the cab business
London taxi drivers have staged protests against Uber (which have served mostly to publicise Uber).…
Jim Edwards  Â
2 mins read
Barron's said nice things about the taxi medallion company getting crushed by Uber, and now the stock is soaring
Barrons noted that 64% of Medallion's earnings came from consumer loans, and one portfolio manager …
Myles Udland  Â
1 min read
Tesla's Model 3 is now an approved New York City Taxi vehicle
A company in Columbus, Ohio, in 2018 bought ten Model 3s for use in its fleet, and the blog Electre…
Graham Rapier  Â
4 mins read
Congestion pricing could mark the beginning of the end of New York's famous yellow taxis
The old-school taxi business has been under assault in New York for some time, however, as Uber and…
Matthew DeBord  Â
3 mins read
Delta just raised its AMEX Diamond Medallion status from $25,000 to $250,000 - and people are furious
Feedback from Diamond Medallion Members drove Delta's Diamond MQD Waiver adjustment. The goal is to…
Benjamin Zhang  Â
1 min read
The rise and fall of New York City's 'Taxi King'
At one point Freidman owned more than 800 taxi medallions, the metal plates on the hoods of yellow …
Raul Hernandez  Â
2 mins read
Uber and Lyft are demolishing New York City taxi drivers
People push a stranded taxi cab out of a snow bank in Times Square in New York City, February 17, 2…
Elena Holodny  Â
2 mins read
A $810 million lawsuit looms over NYC. The state's attorney general claims the city inflated taxi license prices by 240% for more than a decade and defrauded drivers.
A 2019 investigation by The New York Times reported evidence of fraud in a period where medallion p…
Jessica Snouwaert  Â
2 mins read
Michael Cohen's taxi businesses that were used as collateral for a bank loan are reportedly on the FBI's radar
According to a report from The Post published earlier this week, Cohen is being investigated for ba…
David Choi  Â
3 mins read
Michael Cohen responds to report that the 'Taxi King' might flip on him, says they have 'never been partners'
The Times wrote that Freidman's cooperation could be used as leverage to get Cohen to work with spe…
Allan Smith  Â
2 mins read
One of Michael Cohen's business partners - known as 'the Taxi King' - just reportedly agreed to cooperate with the government
The FBI raided Cohen's home, office, and hotel room last month, and those documents are currently u…
Allan Smith  Â
1 min read
Here are the unique names the NYC 'Taxi King' had for his 22 companies that went bankrupt
Those 22 companies held a total of 46 taxi medallions, the metal plates on the hoods of yellow cabs…
Raul Hernandez  Â
2 mins read
This is the financial proof that Uber is destroying taxi companies
Medallions used to confer on companies a type of monopoly or cartel - you could not operate a taxi …
Jim Edwards  Â
3 mins read
Michael Cohen reportedly pitched Uber on his services, but the 'bemused' company shot him down because of his taxi business
Uber's revelation comes days after Michael Avenatti, the lawyer for adult-film actress Stormy Danie…