City Manhattan Financial News

21.09 / 18:01

UPS Citi JPMorgan Citigroup Chase Eight big banks must face US cities' bond collusion claims

By Jonathan Stempel

21.09 / 04:09

Provident Digital Booking CEO Platform John Grisham, George RR Martin, other top US authors sue OpenAI over copyrights

OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan UFranzen, George Saunders, Jodi Picoult and «Game of Thrones» novelist George RR Martin, accusing the company of unlawfully training its popular artificial-intelligence based chatbot ChatGPT on their work. The proposed class-action lawsuit filed late on Tuesday by the Authors Guild joins several others from writers, source-code owners and visual artists against generative AI providers. In addition to Microsoft-backed OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems.

20.09 / 16:15

Provident Digital Booking CEO Platform John Grisham, other top US authors sue OpenAI over copyrights

OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picault and «Game of Thrones» novelist George R.R. Martin, accusing the company of unlawfully training its popular artificial-intelligence based chatbot ChatGPT on their work. The proposed class-action lawsuit filed late on Tuesday by the Authors Guild joins several others from writers, source-code owners and visual artists against generative AI providers. In addition to Microsoft-backed OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems.

20.09 / 07:29

UPS Cooper CEO Action Dover cover Fried Sam FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds

Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars

20.09 / 04:09

Williams CEO Action show Fried Sam Arguments to free FTX founder Sam Bankman-Fried get rough reception from federal appeals panel

A federal appeals court in Manhattan seems unreceptive to arguments that FTX founder Sam Bankman-Fried should be released before his trial starts in two weeks

20.09 / 02:09

Citi T-Mobile Corning Nov Inside Former US congressman sentenced to 22 months for insider trading

A former U.S. congressman from Indiana was sentenced Tuesday to 22 months in prison for making illegal stock trades based on inside information while working as a consultant and lobbyist after he left office. Former U.S.

19.09 / 20:39

Citi T-Mobile Corning Nov Inside Former U.S. Rep. Steve Buyer of Indiana sentenced to 22 months in prison for insider trading

A former U.S. congressman from Indiana has been sentenced to 22 months in prison for making illegal stock trades based on inside information while working as a consultant after he left office

19.09 / 19:27

UPS Cooper CEO Action Dover cover Fried Sam FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds

17.09 / 14:27

Citi Target FIVE Waters Pool Discover symptoms West Nile Virus spreads across US: What you need to know | Causes, symptoms and treatment

West Nile virus, including fatalities among residents. Here's an overview of the situation and the potential risks associated with this mosquito-borne illness.

15.09 / 07:16

IPO CEO SoftBank NVIDIA SoftBank left millions on the table to engineer a win for Masayoshi Son

SoftBank Group Corp.’s Masayoshi Son, whose record on tech investing took a drubbing after flameouts like WeWork and DoorDash Inc. fueled a record $32 billion loss at its Vision Fund arm in the last fiscal year, was determined to turn the tide. So as he and the investment firm’s other top executives met with bankers to plot this week’s initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch. They didn’t want any last-minute hiccups with buyers pulling out, they dreaded pushback on the valuation, and, most of all, they wanted to set a price that would almost guarantee the shares would pop on their first day of trading.

14.09 / 12:23

UPS Waves Assurant Software pop Hello? HELLO?! Can You Take Off the Headphones, Please?

Many bosses this fall are asking employees to spend more time in the office, talking up the joys of face-to-face collaboration and workplace camaraderie. Some workers are bringing headphones to tune out all the chatter. “It helps me feel like I’m in my own universe," said headphone-wearer Braydon Bippley, a 24-year-old social-media manager in Austin, Texas.

08.09 / 19:33

UPS Twitter Parke country US judge says Argentina owes about $16 billion after YPF payout trial

By Jonathan Stempel and Nate Raymond

08.09 / 10:43

FIVE Williams Action Porsche Southern Bitcoin blues Former FTX executive pleads guilty to criminal charges

Former FTX executive Ryan Salame pleaded guilty to criminal charges stemming from the collapse of the cryptocurrency exchange.

07.09 / 21:57

cryptocurrency FTX Former FTX exec says he illegally donated millions to Democrats, Republicans

A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.

07.09 / 19:21

Digital Platform Celebrity star cover Former crypto executive the latest to face charges in collapse of FTX exchange

Another top executive at the failed FTX cryptocurrency exchange is scheduled to appear in court in New York Thursday afternoon to face undisclosed criminal charges

07.09 / 08:37

Digital CEO Platform Bankruptcy Bitcoin Holdings Failed Crypto Lender Celsius Attempts to Recoup Assets From EquitiesFirst Holdings

Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.

06.09 / 22:27

Digital Coindesk Southern Bitcoin Genesis Global Capital seeks to recoup over $600 million unpaid DCG loans

NEW YORK (Reuters) — Digital Currency Group was sued on Wednesday by its bankrupt Genesis Global Capital cryptocurrency lending unit, as both sides negotiate DCG's repayment on more than $610 million of loans that matured in May.

06.09 / 18:37

blues Bristol Myers accused of illegal tactics to keep Pomalyst monopoly in lawsuit

By Brendan Pierson

06.09 / 18:25

Digital Citizens Platform Tornado Cash NOT Tornado Cash cofounder Roman Storm pleads not guilty to laundering over $1 billion

Tornado Cash, a cryptocurrency platform under US sanctions, pleaded not guilty on Wednesday to federal charges he helped facilitate more than $1 billion in money laundering, including for a cybercrime group linked to North Korea's government. Roman Storm, a naturalized US citizen, entered his plea before US District Judge Katherine Polk Failla in Manhattan.

06.09 / 17:33

Citi Art Celebrity performer Inside dance The Celebrity Chef Who Wants to Reset New York’s Downtown Dining Scene

Shortly before the September 11 attacks, chef Marcus Samuelsson was cooking at a charity event at Windows on the World inside the World Trade Center’s North Tower. Days later, he watched it collapse on television. “It really messed with me," he recalled over lunch on a recent Thursday.

06.09 / 17:33

COST UPS Citi Provident PacWest rock Real-Estate Doom Loop Threatens America’s Banks

Bank OZK had two branches in rural Arkansas when chief executive officer George Gleason bought it in 1979. The Little Rock lender today has billions of dollars in commercial real-estate loans, including for properties in Miami and Manhattan, where it is helping fund the construction of a 1,000-foot-tall office and luxury residential tower on Fifth Avenue. Regional banks across the country followed a similar playbook, gorging on commercial real-estate loans and related investments in big cities over the past decade.

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