City New York Financial News
18.11 / 03:29
Twitter
Platform
Apple
TikTok
Instagram
social
Social media titans caught in Gaza storm over content
Hamas on Israel, social media platforms are still caught in the maelstrom, struggling to control content and withstand user fury. TikTok and X, formerly Twitter, were swept up in controversies this week, one involving an unearthing of a two-decade old screed by Osama bin Laden, the mastermind of the 9/11 terror attacks on the United States. Facebook and Instagram owner Meta is also facing pushback from users accusing the company founded by Mark Zuckerberg of over-censorship of pro-Palestinian content. The problems have cast a harsh light on content moderation policies at the big platforms after a big cost-cutting campaign last year saw trust and safety teams gutted. For TikTok, the risks are real as it faces a threat to be outright banned in the United States, under suspicion that its powerful algorithm is ultimately under the control of the Chinese Communist Party. Those calls were renewed when it emerged on Thursday that videos promoting bin Laden's «Letter to America» went viral, 22 years after he wrote it. Bin Laden's deeply anti-American writing explained his reasons for masterminding plane attacks on New York and Washington that killed nearly 3,000 people. Searches for the letter were eventually banned by TikTok which minimized the reach of the videos.
17.11 / 18:09
FIVE
Progressive
Fighting
Strategy
President
CIBC
show
fall
Weekly
Dollar poised for steep weekly fall, yen trades below 150
By Herbert Lash and Iain Withers
17.11 / 18:09
17.11 / 18:09
Citi
Target
Platform
Bill
2020
reports
Department
US Rep. George Santos faces effort to expel him from Congress after scathing report
By Moira Warburton and David Morgan
17.11 / 16:42
17.11 / 15:47
track
song
rapper
musician
reports
Who is Joe Budden? Drake disses former hip-hop artist in his new album
Drake, the globally acclaimed hip-hop artist from Toronto, Canada reportedly dissed Joe Budden, a former New York-based rapper in one his songs from his latest album “For All The Dogs Scary Hours Edition” which was released today. In a newly added track called “Stories About My Brother” Drake was heard saying in the lyrics that he had to imagine getting “validation” from a former musician who is searching for “recognition,” a line that is reportedly aimed at Budden. Fans speculated that Budden might be a topic about whom Drake is talking about in his new album that is a deluxe edition of “For All The Dogs” which was released in October this year. Due to this speculation Budden also started trending on X (formerly Twitter). As per reports, Budden gave his review about Drake’s “For All The Dogs” album on his podcast, comments which the rapper apparently did not like. Budden stated that although he liked some of the tracks from the album, Drake could have done better on the track called “First Person Shooter” which also featured fellow rapper J Cole. This criticism didn’t go down well with Drake.
17.11 / 07:49
Digital
stage
country
innovations
reports
travelers
BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York
BharatPe cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Indira Gandhi International Airport Thursday on the basis of a look-out circular (LoC) issued against the two. The couple was travelling to New York, sources in the know told ET. The LoC was opened against the two at the request of the Economic Offences Wing (EoW) of the Delhi Police. Earlier in May, the EOW registered an FIR against the couple and some other family members for alleged misappropriation of funds and causing losses worth Rs 81 crore to Resilient Innovations Private Limited, which runs BharatPe.
17.11 / 07:33
Booking
performer
singer
rap
reports
Sean ‘Diddy’ Combs sued for rape, sex trafficking by singer Cassie
Sean “Diddy” Combs has been hit with a lawsuit accusing him of raping and sex trafficking a young R&B performer for more than a decade.The bombshell filing, first reported by the New York Times, alleges that Combs controlled and abused singer Cassie for more than a decade, plying her with drugs, abusing her and forcing her to have sex with multiple male sex workers while he videotaped the encounters.Cassie, whose real name is Casandra Ventura, met Combs in 2005 when she was just 19, the lawsuit says. The pair started dating and allegedly it wasn’t long before the rap mogul began a pattern of control and abuse.In 2018, the suit says, Combs forced his way into her home and raped her.
17.11 / 00:14
Citi
Discover
Southern
reports
FBI Arrests Trio of Crypto Criminals, Over $10 Million Stolen from NYC Banks
Three men have been arrested for an elaborate conspiracy that drained $10 million from banks across the New York City metropolitan area, United States Attorney for the Southern District of New York, Damian Williams, announced today.
16.11 / 23:01
16.11 / 22:21
regulation
legislation
Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang
Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, TX.
16.11 / 20:55
Software
information
2020
reports
Customer
Morgan Stanley to pay 6 states $6.5M for failing to protect customer data
Morgan Stanley Smith Barney agreed Thursday to pay six states $6.5 million to settle charges that it failed to protect customers’ personal information while shutting down two data centers in 2016.
16.11 / 19:47
Target
FIVE
Reuters
Mobile
Wirecard
blues
2020
Israeli private detective sentenced in US to 6-2/3 years for hacker-for-hire scheme
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.
16.11 / 19:35
IPO
Maxim
CEO
Platform
economy
2020
Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit
Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday it scrapped plans to spin off its cloud business because of uncertainties related to U.S. chip restrictions
16.11 / 10:55
Platform
NYDFS
innovations
Department
guidelines
NYDFS Releases New Guidelines on Listing and Delisting Crypto on Trading Platforms
The New York State Department of Financial Services (NYDFS), the authority that supervises and regulates activities of financial institutions in the State of New York, has released a guidance that regulate the listing and delisting of cryptocurrencies.
16.11 / 06:05
Robinhood
regulation
Altcoin
PayPal
Gemini
Financial Services
New York finance regulator tightens crypto listing guidance
Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator.
16.11 / 02:03
reports
share price
stake
ValueAct builds large stake in Walt Disney, expects share price to double
(Reporting by Svea Herbst-Bayliss in New York with additional reporting by Jennifer Saba in New York, Dawn Chmielewski in Los Angeles and Arsheeya Bajwa in Bengaluru; Editing by Arun Koyyur, David Gregorio and Chris Reese)Milestone Alert!Livemint tops charts as the fastest growing news website in the world
16.11 / 02:03
Coca-Cola
Manufacturing
TikTok
PepsiCo
Instagram
social
guidelines
FTC warns food industry trade groups and influencers about disclosures on paid social media posts
The Federal Trade Commission says it issued warnings to two food and beverage industry groups, as well as to a dozen online influencers and dieticians for failing to adequately disclose paid social media posts that promoted a sweetener and sugary products
16.11 / 02:03
Citi
Waters
PepsiCo
Frito-Lay
New York sues PepsiCo in effort to hold it responsible for litter that winds up in rivers
New York state has sued PepsiCo in an effort to hold the soda-and-snack food giant partly responsible for litter that winds up in bodies of water that supply the city of Buffalo with drinking water
16.11 / 02:03
FIVE
Fighting
Strategy
Bill
President
innovations
reports
Lobby
Business lobby attacks as New York nears a noncompete ban, rare in the US
A proposed ban on noncompete agreements has come under a fierce attack by business groups in New York
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