City Manhattan Financial News

Cristiano Ronaldo, Major League Baseball, F1, and Mercedes-Benz and global advertising agency, Dentsu, are among the defendants listed.

Additional regulation may be needed to prevent another FTX-style collapse according to a new report from the Financial Stability Board (FSB) released Tuesday, November 28th.

Binance founder and former CEO, Changpeng Zhao, must stay in the U.S. for the time being until his sentencing in February of next year, a federal judge has ruled.

By Antonella Cinelli

Shoppers hunting for big deals packed malls on Black Friday as retailers stepped up discounts and other perks to lure customers weighed down by inflation and sticking to tighter budgets

Stuart Seldowitz, former National Security Council advisor to ex-US President Barack Obama, has been arrested in New York City on charges related to the harassment of a street vendor. Viral videos captured Seldowitz making Islamophobic remarks against a halal food cart worker in Manhattan. In a display of solidarity, people gathered outside the vendor's cart, purchasing food to support him.

Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators' skepticism of its other planned business lines. Celsius, whose restructuring plan had also envisioned the company earning «staking» fees by validating blockchain transactions and managing its legacy portfolio of cryptocurrency loans, said in a statement late Monday it had changed course after receiving «feedback» from the U.S. Securities & Exchange Commission. Celsius declined to comment on Tuesday. The SEC did not immediately respond to a request for comment. A U.S. bankruptcy court in Manhattan had approved Celsius' Chapter 11 plan on Nov. 9, clearing the company to return cryptocurrency to customers and create a new company owned by Celsius creditors.

Guns N' Roses singer Axl Rose on Wednesday, saying he raped her in a 1989 attack at a New York City hotel that left her with anxiety and depression and harmed her career. Sheila Kennedy, 61, filed the lawsuit in the State Supreme Court in Manhattan, seeking unspecified compensatory and punitive damages for physical injury, pain and suffering, severe emotional distress, mental anguish, humiliation, embarrassment, anxiety and economic harm. The lawsuit was filed against Rose, 61, of Malibu, California, under a temporary New York law, the Adult Survivors Act, that lets adult victims sue over attacks that occurred even decades ago. The law expires after Thursday. Attorney Alan S.

OpenAI and Microsoft were sued on Tuesday over claims that they misused the work of nonfiction authors to train the artificial intelligence models that underlie services like OpenAI's chatbot ChatGPT. OpenAI copied tens of thousands of nonfiction books without permission to teach its large language models to respond to human text prompts, said author and Hollywood Reporter editor Julian Sancton, who is leading the proposed class action filed in Manhattan federal court. The lawsuit is one of several that have been brought by groups of copyright owners, including authors John Grisham, George R.R.

Judge Lewis A. Kaplan has granted an extension for the legal team of disgraced FTX founder, Sam Bankman-Fried, to submit their post-trial motions on December 1st, 2023.

By Steve Gorman

NEW YORK (Reuters) — A U.S. court on Thursday sentenced an Israeli private detective to 6-2/3 years in prison for organizing global hacking campaigns against thousands of people including climate change activists and critics of German company Wirecard.

Spiderman is here with Sydney Sweeney and Dakota Johnson being the latest additions to the Marvel Uniserve with this new movie. What does the trailer show? Starring Johnson, the movie's trailer starts with Dakota Johnson's character. Her character shows hints of having psychic powers and is able to predict the future well in advance.

The Senate Committee on Banking, Houses, and Urban Affairs met on November 14th to conduct a hearing regarding oversight of financial regulators.

By Roselle Chen

Donald Trump's older sister Maryanne Barry was found dead today at her home in Manhattan on Monday. She was 86. Born on April 5,1937 in Queens, New York City, Maryanne Trump Barry was the eldest child of real estate developer Fred Trump and Mary Anne MacLeod Trump.

By Jack Queen

FBI sleuths seized the electronic devices of NYC Mayor Eric Adams earlier this week. This marked a significant development in the criminal investigation, focusing on whether his 2021 campaign engaged in a conspiracy with the Turkish government to funnel money illicitly. The FBI agents approached Mayor Adams after an event in Manhattan on Monday, requesting his security detail to step aside. Pursuant to a court-authorized warrant, they confiscated at least two cellphones and an iPad, which were later returned to the mayor within days. In response to the seizure, a statement from Adams's lawyer, Boyd Johnson, emphasized the mayor's cooperation with federal authorities. Johnson clarified that Adams, despite not being accused of wrongdoing, had proactively reported instances of improper behavior. Eric Adams, a former member of law enforcement, asserted his commitment to upholding the law and full cooperation with any investigation. Adams stated that he has nothing to hide, positioning himself as an advocate for lawful conduct. The federal investigation into Adams's campaign became public on November 2, marked by the FBI's search of the chief fund-raiser's home. The fund-raiser, Brianna Suggs, had her residence raided, leading to the seizure of laptops, iPhones, and a folder labeled «Eric Adams.» The investigation revolves around a potential conspiracy involving campaign finance violations, Turkish government connections, and a Brooklyn-based construction company.

A number of altcoins bankrolled by recently convicted FTX founder, Sam Bankman-Fried, appropriately dubbed “Sam coins,” have continued to rally this week ahead of his potential March trial.

President of Jump Crypto, Kanav Kariya, pleaded his Fifth Amendment rights while being questioned by the U.S. Securities and Exchange Commission over an alleged hidden market-making scheme with Terraform Labs’ founder, Do Kwon, that saw his company pocket over $1 billion. 

New York Times Office in New York saw many pro-Palestinian demonstrators occupy the lobby of the publication office, demanding an immediate cease-fire in Gaza while accusing the media of showing a bias toward Israel in its coverage of the Israel-Hamas war. The latest in a series of near-nightly demonstrations since the start of the war saw thousands march through Midtown Manhattan to protest Israel's attacks on Gaza, according to media reports.