City Manhattan Financial News

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology

Nikhil Gupta, accused of orchestrating a murder-for-hire plot against a Sikh extremist on American soil, pleaded not guilty as he was arraigned in federal court in Manhattan. Gupta was extradited to the US from the Czech Republic on June 14, which court records show as the day of his arrest in the US. He made his first appearance in Manhattan federal court before Magistrate Judge James Cott on Monday afternoon for his arraignment and pleaded not guilty. Gupta's attorney Jeffrey Chabrowe entered the «not guilty» plea on his behalf. Gupta is being held in a Brooklyn detention facility. Gupta is charged with murder-for-hire and conspiracy to commit murder-for-hire. If convicted, he faces a maximum sentence of 10 years in prison for each charge.

Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the COVID-19 pandemic, and which according to prosecutors caused $7 billion of investor losses.

gun in New York is expected to be revoked due to his conviction on 34 felony counts in Manhattan. While his concealed carry license had been suspended last year, it can now be permanently revoked by the NYPD unless he files a legal petition, the New York Post reported. According to both New York state and federal law, individuals convicted of felonies are prohibited from possessing any firearms.

Donald Trump said on Friday his intention to challenge the guilty verdict that marked him as the first US president convicted of a crime.However, he indicated that he would wait until after his sentencing on July 11 to pursue this appeal; as reported by Reuters, he was speaking at Trump Tower in Manhattan, where he launched his initial presidential campaign in 2015, Trump reiterated his allegations that the trial was “rigged" attempt to hobble his comeback White House bid and warned that it showed no American was safe from politically motivated prosecution.“If they can do this to me, they can do this to anyone," Trump, 77, said in an unscripted 33-minute speech. Applauded by supporters, Trump, the Republican candidate in the 2024 election, took no questions from reporters.Also Read: Donald Trump convicted: Biden campaign echoes White House words, ‘no one is above law’; Trump calls himself ‘innocent’“We're going to be appealing this scam," he said.Trump will have 30 days from the date of his July 11 sentencing to file a notice of appeal.

Michael Cohen once said he would take a bullet for Donald Trump. But on Thursday, Trump was on felony charges based largely on the onetime loyal fixer's testimony against his former boss. Over four days earlier this month, Cohen took the witness stand as the star prosecution witness in the first-ever criminal trial of a U.S. president, past or present. He testified that Trump directed him to pay off a porn star before the 2016 election, and then approved a plan to falsify business records to cover it up. The testimony in New York state court in Manhattan marked the culmination of a 15-year arc from a lawyer and fixer for the businessman-turned-politician to an outspoken antagonist.

convicted of a felony — let alone 34 of them – is the kind of blow that would normally tank any politician’s ambitions. Donald Trump will instead try to turn what might otherwise be a career-ending judgment into campaign fuel.

Donald Trump guilty of all 34 counts of falsifying business records to cover up hush money payments during the 2016 U.S. election campaign, making Trump the first former American president ever convicted on criminal charges.The jury reached the verdict Thursday after less than 12 hours of deliberation, which began Wednesday after a historic and intensely watched trial in Manhattan.State prosecutors had accused Trump — who is seeking to return to the White House this fall — of conspiring to bury media stories about alleged affairs after entering the presidential race, and of hiding reimbursements to his then-fixer for paying off a porn star to keep her allegations quiet just days before Trump was elected.The verdict marks a watershed moment for the U.S.

Truckers have added to the list of legal challenges to block New York’s first-in-the-nation congestion fee for driving into Manhattan

Elon Musk, who secretly acquired a major stake in Twitter Inc. in early 2022 before eventually buying it, did so with the help of a Morgan Stanley wealth manager who advised the billionaire on how to avoid alerting the broader market, according to a shareholder lawsuit.

Customers with funds locked up in crypto exchange Gemini's defunct crypto lending program are finally going to start getting their money back.

The Justice Department has sued Ticketmaster and its parent company, accusing them of running an illegal monopoly over live events in America

Federal officials are transfering former FTX CEO Sam Bankman-Fried to a new prison in California.

documentary is all set to be released on Netflix after the OTT streaming giant has won bidding war for "Diddy Do It". Hip-hop star 50 Cent is producing Sean 'Diddy' Combs' documentary «Diddy Do It», as per a report on WhatsOnNetflix. So far, production has commenced but makers are yet to announce a confirmed release date for «Diddy Do It» documentary. However, the documentary, once it is out, will delve into allegations and charges against Diddy, as per the WhatsOnNetflix report.

Canada Pension Plan Investment Board earned an eight per cent return in the fiscal year ended March, as double-digit gains in stocks, credit and private equity made up for weaker performance in emerging markets and real estate.

New York’s first-in-the-nation plan to levy a hefty toll on drivers entering Manhattan was the focus of a legal battle that played out in federal court

A Jefferies Financial Group risk manager wondered why her contact at Archegos seemed to be in such a rush to withdraw hundreds of millions of dollars in excess cash from its trading account. 

The corruption trial of Sen. Bob Menendez has begun in Manhattan federal court as dozens of prospective jurors who claimed jury service would be a hardship were questioned one by one over a six-hour stretch

ALSO READ: Mother's Day 2024: Ten financial tips for empowering mothers on this day, May 12 In Indian movies it can be often seen that mothers treat their children like best friends. Here are five Bollywood movies that children can watch with their moms on the Mother’s Day – Mimi, a 2021 Hindi language film directed by Laxman Utekar, was a remake of the 2011 Marathi film Mala Aai Vhhaychy! The film revolves around main character Mimi (played by Kriti Sanon), a surrogate mother. She carries the child of an American couple.

A financial executive has been convicted of enabling his boss and others to make millions of dollars illegally by trading ahead of the public announcement that an acquisition firm was taking former President Donald Trump's media company public

A former Nuveen trader asked a federal judge not to impose a harsh sentence on him for front-running the firm’s trades as part of a scheme that generated more than $47 million in illegal profits.