City New York Financial News

Scammers look for ways to trick people into giving them money year-round, but tax season can be particularly fraught

collapsed last week filed a court petition Monday seeking to limit their legal liability for the deadly disaster. The companies' “limitation of liability" petition is a routine but important procedure for cases litigated under U.S. maritime law.

AlTi Global, a global wealth and alternatives manager, announced that it is acquiring independent advisory firm East End Advisors, which manages approximately $5.6 billion in assets for UHNW families and foundations.

The Port of Virginia, with terminals at the mouth of the Chesapeake Bay near Norfolk, is opening a gate Monday at 5 a.m. — an hour earlier than usual — to help accommodate more truckers. The Port of New York and New Jersey, which is expecting additional cargo including autos, is working to allow quick access for transport companies that usually go through Baltimore. A major railroad is expanding its services, too. Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity tweak their schedules. Snarls, delays and added costs are more likely to appear outside ports as tens of thousands of shipments require longer routes on already-crowded roadways and rail lines.

Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, has submitted a motion to dismiss all three charges against him, claiming that he did not operate a money laundering business and did not violate the International Emergency Economic Powers Act.

President Joe Biden joked about being away from the plane doors manufactured by Boeing, a company recently plagued by mid-flight mishaps, the New York Post reported. «I don't sit by the door,» quipped the 81-year-old president, followed by a quick disclaimer, «I'm only kidding. I shouldn't joke about that.» His remarks came during a high-dollar campaign fundraiser at Radio City Music Hall.

slammed into the bridge in the predawn darkness Tuesday, toppling the span and killing six construction workers. Whether those tugs could have averted the disaster with the Dali already out of control is debatable.

Oscar winner Michelle Yeoh, Botswana President Mokgweetsi Masisi, and Verizon CEO Hans Vestberg are among the diverse group of political, business and philanthropic leaders Global Citizen will convene in New York on May 1 and 2, the nonprofit announced...

Kroger is shuttering three spoke facilities in its Texas and Florida e-commerce operations

Kestra Financial has just gotten bigger as it partners with a practice in the Big Apple, Borger Financial Services, which brings more than $600 million in client assets under management to its advisory network.

New York is on track to become the first U.S. city with congestion tolls on drivers entering its downtown

Kia is rolling out a revamped compact car in the U.S. even though sales of the small cars are dropping as the nation continues to favor SUVs and pickup trucks

A top U.S. prosecutor has announced criminal charges against a once ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow U.S. laws

Edvin Thompson had everything a young designer could hope for: accolades from Vogue and the CFDA, dresses selling at Bergdorf Goodman and a spot on the official New York Fashion Week calendar. Then, with just two weeks’ notice, he canceled his February runway show. His sponsors had fallen through, he said, which meant he’d be paying around $125,000 out of pocket to stage the show—a move that could put his brand in dire financial straits.

The Baltimore Fire Department called the collapse a developing mass casualty event.

Donald Trump's hush money trial to begin on April 15, enabling his first criminal trial to begin this spring following a last-minute delay, as reported by The Hill. Trump, who has looked to postpone all four of his criminal cases beyond the election, requested the judge toss his case over new documents recently turned over, or at least sanction Manhattan District Attorney Alvin Bragg (D) and postpone the trial. However, during a hearing on Monday, Judge Juan Merchan rejected all of those requests and ruled in favour of Bragg by refusing to push the trial deeper into the campaign season, setting jury selection for April 15.

By Saqib Iqbal Ahmed

By Jody Godoy

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday

Boeing keeps hitting more and more turbulence

A New York appeals court has agreed to hold off collection of former President Donald Trump’s more than $454 million civil fraud judgment if he puts up $175 million within 10 days