City New York Financial News
08.08 / 18:25
Digital
CEO
Sustainability
Southern
Research
Trade
Courts
Alameda, FTX Ordered To Pay $12.7 Billion To Creditors
The Sam Bankman-Fried founded FTX and its sister company Alameda Research have been ordered by a New York judge to pay $12.7 billion to creditors, effectively ending a nearly two years long lawsuit from the Commodities Futures Trading Commission (CFTC).
08.08 / 18:19
08.08 / 11:08
07.08 / 13:55
07.08 / 13:54
UPS
Career
awards
President
Relationships
International
Fiduciary Trust taps 30-year veteran to New York office
Fiduciary Trust International, a global wealth management firm under Franklin Templeton, is enhancing its ability to engage with ultra-affluent clients in the East Coast with the hiring of a seasoned planning specialist.
07.08 / 08:17
Blockchain
Provident
Man
security
reports
Homeland Security Charges Las Vegas Man Over Fake Crypto Recovery Scheme
The United States Homeland Security Investigations (HSI) has charged a Las Vegas resident for operating a fraudulent cryptocurrency recovery scheme.
06.08 / 18:17
Citi
FIVE
Waters
Google
ICE
2020
reports
Why is the world's largest iceberg, A23a, stuck in a swirling ocean vortex for years? Know here
iceberg in the world, might spend years trapped in its massive circle. This iceberg is roughly 1,640 square miles in size, which makes it five times larger than New York City and marginally larger than Rhode Island. In 1986, A23a separated from the Filchner-Ronne Ice Shelf in Antarctica. It floated away in 2020, having remained stranded in the Weddell Sea for decades. It didn't, however, make the anticipated transition into the South Atlantic's warmer waters. Rather, it became caught in a revolving current, known as a Taylor Column, just north of the inaccessible South Orkney Islands, with a daily rotation rate of roughly 15 degrees, as per the reports of MSN. A submerged object in a spinning system, such as Earth, is covered by ocean water, forming a Taylor Column. Here, the vortex is brought on by the Pirie Bank, a lump in the ocean floor. A spinning vortex is created above the obstruction as the river separates into two flows. And now the iceberg is spinning around inside this vortex. This phenomena is a distinct and unexpected aspect of ocean dynamics, according to scientists, including professor Mike Meredith and polar expert Mark Brandon.
06.08 / 16:42
President
students
Universities
medicines
donates
Schools
Colleges
Bloomberg gives $600 million to four Black medical schools' endowments
Michael Bloomberg’s organization Bloomberg Philanthropies says it will give $600 million to the endowments of four historically Black medical schools
06.08 / 06:54
SEC
coinbase
security
information
Courts
Securities Exchange Commission
US SEC Pushes Back at Coinbase Request to Access Gensler’s Personal Emails
The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is heating up as the regulator pushes back at giving the crypto exchange access to the personal emails of SEC Chair Gary Gensler.
03.08 / 11:34
UPS
Election
politician
New York politician convicted of corruption to be stripped of pension in first use of forfeiture law
A New York official says a village's former clerk will be the first politician to forfeit their pension under a state anti-corruption law after she stole over $1 million
01.08 / 22:44
Airlines
economy
Corning
reports
travelers
prevention
Korean Air says turbulence is knocking instant noodles off its economy menu
Turbulence is knocking a beloved instant noodle offering off Korean Air’s economy menu
01.08 / 20:54
01.08 / 20:38
COST
Strategy
trends
performer
travelers
Apollo stands behind alts as profit miss provokes concerns
Apollo Global Management Inc. executives sought to allay investor concerns about the performance of alternative investments held at its Athene annuities business after that unit weighed on earnings in the second quarter.
01.08 / 07:05
01.08 / 01:47
31.07 / 10:33
COST
UPS
Citi
Fox
wellness
reports
Department
Inflation in the US is highest and lowest in these cities
O'Leary Ventures Chairman Kevin O'Leary reacts to the Biden administration’s latest claim that corporations are the cause of sky-high inflation on 'Varney & Co.'
31.07 / 01:36
Justice
track
country
travelers
Department
Destinations
Lawsuit says Norfolk Southern's freight trains cause chronic delays for Amtrak
The federal government alleges in a lawsuit against Norfolk Southern that the railroad has been causing chronic delays for Amtrak between New York and New Orleans by forcing the passenger trains to wait while its massive freight trains pass
31.07 / 00:22
markets
UPS
Citi
Apple
Courts
Investigations
NYC's latest crackdown on illegal weed shops is finally shutting them down
Thousands of illegal marijuana shops have flourished in New York under lax enforcement, but new rules are allowing officials to quickly padlock doors
31.07 / 00:00
30.07 / 23:51
30.07 / 21:02
economy
Remark
Election
community
Rust
show
US Presidential Election 2024: Kamala Harris is facing a challenge in the Rust Belt; here are the reasons according to this Democratic strategist
Kamala Harris has emerged as the favorite candidate to receive the presidential nomination from the Democratic party. She has garnered the support from her party members. As far as her competition is concerned, Donald Trump is a formidable opponent. According to this Democratic Strategist, Harris may be losing supporters to Trump from the rust belt which fall within some of the swing states.
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