City New York Financial News

In an X social media post on Wednesday, Jesse Powell, the co-founder of Kraken, criticized venture capital firms for their role in what he described as "obvious fraud" at FTX, led by Sam Bankman-Fried (SBF). 

A New York bankruptcy judge has approved a settlement between bankrupt cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to get $175 million from GGC.

Bloomberg Billionaires Index on Wednesday showed that brothers Alex and Christian Birkenstock are now worth $3.4 billion. The German footwear brand's shares slumped around 12% in the worst opening for a New York listing of $1 billion or more in over two years, according to Bloomberg reports. Giving private equity firm L Catterton majority control of the storied shoemaker in 2021 is a significant reward for the German cobbler heirs' wager.

A retired bank official has testified that Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent

New York is bidding to put new controls on social media platforms that state leaders say will protect the mental health of younger users

Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion

Sam Bankman-Fried's former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets

Birkenstock shares have tumbled in their debut on the New York Stock Exchange as Wall Street traded in its wingtips for sandals for a day

Slatestone Wealth chief market strategist Kenny Polcari says Americans are reconsidering what the CPI report means on 'Making Money.'

By Luc Cohen and Jody Godoy

Gina Rinehart has reinforced her potential blocking stake in takeover target Liontown Resources, as $6.6 billion suitor Albemarle weighs up its next move after reaching the end of a four-week due diligence period.

Donald Trump’s longtime finance chief is set to testify as the former president’s civil trial enters its second week

Satyajit Ray's 'Pather Panchali' and it was from that point on that cinema opened to him «many different worlds», says Martin Scorsese who decades later draws on that experience in his new film 'Killers of the Flower Moon'. Scorsese, viewed by many as one of the greatest filmmakers in the world, said he knew about Indian culture after seeing Jean Renoir's 1951 Kolkata-set 'The River'. But 'Pather Panchali' was a turning point.

Rihanna headed out in New York City to celebrate A$AP Rocky's recent birthday. The couple appeared stylish as they marked the rapper's 35th birthday, a few days after his actual birthday on October 3. The rapper wore a light-colored jacket and slacks, while Rihanna donned denim pants and a jacket, pairing it with a tied white button-up, a visible black bra, dark sunglasses, and a massive jewel-encrusted ring on her left ring finger. It remains uncertain if the ring signifies an engagement. Rihanna and A$AP Rocky, who are parents to sons RZA and Riot Rose, were seen dancing together in a couple of videos shared on Twitter. One video showed them engaging in a dance-off to the tune of «Throw Sum Mo» by Rae Sremmurd, Nicki Minaj and Young Thug. This birthday gathering occurred soon after Drake released his album «For All the Dogs,» leading fans to believe he dissed Rihanna with lyrics like, «Why they make it sound like I’m still hung up on you?/ That could never be …» While neither Rihanna nor A$AP Rocky have publicly responded to Drake's remarks, fans took to social media to criticize Drake on Rihanna's behalf.

Lexington Candy Shop has had a line outside for over a year since a TikTok of its Coke float went viral

Investing.com — Gold settled above the mid $1,800 level on Monday in response to the Israel-Hamas war, but the rally in the safe-haven would depend on how far the crisis expands to impact oil and other global markets, analysts said.

cinema opened to him «many different worlds», says Martin Scorsese who decades later draws on that experience in his new film 'Killers of the Flower Moon'. Scorsese, viewed by many as one of the greatest filmmakers in the world, said he knew about Indian culture after seeing Jean Renoir's 1951 Kolkata-set 'The River'. But 'Pather Panchali' was a turning point.

NEW YORK (Reuters) -The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to markets.

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed thei...

FTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year

By Jack Queen