New York Financial News

White House Cabinet Room, it finally erupted. Elon Musk, the billionaire tech mogul and Trump’s top adviser on government efficiency, sat across from US Secretary of State Marco Rubio. The subject: deep staff cuts across the federal government. According to The New York Times, Musk had been pushing for sweeping layoffs, but Rubio wasn’t moving fast enough for his liking. “You have fired nobody,” Musk reportedly scoffed, accusing Rubio of dragging his feet. Rubio, visibly irritated, fired back. He reminded Musk that 1,500 State Department officials had taken buyouts. Then, with a jab of sarcasm, he added: “Do you want me to rehire all those people just so you can fire them again for the show?” Musk, unimpressed, dismissed Rubio’s efforts as insufficient.

Here's all you need to know about the week ahead in world markets from Lewis Krauskopf in New York, Kevin Buckland in Tokyo and Karin Strohecker, Dhara Ranasinghe and Alun John in London.

Federal Reserve Chair Jerome Powell on Friday signaled potential changes for the Fed's closely watched «dot plot» interest-rate projections as part of a broad policy framework review underway at the U.S. central bank and expected to wrap up by the end of summer. «On the communications...particularly our post-meeting communications, we're going to take a close look at the SEP and also compare ourselves to what other central banks around the world do,» Powell said at a research conference in New York, referring to the Fed's summary of economic projections.

StubHub is reportedly planning to launch an Initial Public Offering (IPO) later this year. The ticket resale marketplace company has started early discussions with investment bankers about a potential public offering, according to a New York Times report.

ABC News President Almin Karamehmedovic appeared to be reading from a script when he informed five thirty-eight staff members at the data-focused news site that 15 of their colleagues received termination notices. The employees had known about job terminations in the company after a Wall Street Journal report. Karamehmedovic followed a prepared statement during the meeting while fielding no questions nor offering any information about Disney's decision to discontinue FiveThirtyEight operations, according to the Status newsletter. The statement ended with a handshake before HR representatives took over communication duties. Team access to ABC News systems ended immediately following the staff meeting as the FiveThirtyEight website disappeared from the internet.

NEW YORK — Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump's aggressive policy actions play out before it moves again on interest rates.

A new documentary titled «Tune Out The Noise» brings together some of the academic heavyweights whose work reshaped the financial industry and helped lower costs for all investors.

According to the New York Post, this is the third time when the show has witnessed an unfortunate ending.

Aswath Damodaran, a professor of finance at New York University. In his latest analysis of global cash return policies, Damodaran found that Indian firms distributed just 31.1% of their earnings in the form of dividends and stock buybacks—far lower than their global peers. While one can argue that this signals a strong reinvestment cycle fueling long-term expansion, it can also be seen as a symptom of weak shareholder rights and management’s reluctance to part with excess cash.

US Senate confirmed Lee Zeldin as the new administrator of the Environmental Protection Agency (EPA) with a 56-42 vote. All 53 Republican senators backed him, along with three Democrats—Sens. Ruben Gallego and Mark Kelly of Arizona and John Fetterman of Pennsylvania. Zeldin, a former Republican congressman from New York, takes charge of the agency at a time when the Biden administration’s climate policies are being reassessed. His confirmation signals a shift toward deregulation as part of former President Donald Trump’s broader effort to reverse environmental rules.

President Donald Trump announced on Thursday that goods from Canada and Mexico covered by the U.S.-Mexico-Canada trade agreement (USMCA) will be exempted for a month from the 25% tariffs imposed earlier this week. The development comes a day after Trump exempted automotive goods from the tariffs.

Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money

Georgia teenager, whose disappearance recently featured in Netflix's Unsolved Mysteries, has reportedly been rescued from Colorado. Abdul Aziz Khan, now 14 years old, was reported missing in 2017 after his mother failed to show up at a scheduled custody hearing.

MapMyCrop said on Thursday it has raised Rs 15.7 crore ($1.8 million) in seed funding led by YourNest Venture Capital, with participation from angel investors including Eaglewings Ventures. The New York-headquartered company plans to use the investment to expand operations, fulfill pilot orders, strengthen its sales and operations teams, and advance its platform technology, it said in a statement. MapMyCrop utilises satellite imagery and artificial intelligence to provide crop monitoring services that help farmers track crops, predict yields and optimise supply chains.

The Grammy winner recently dropped her new music and debuted her latest single Love in Real Life. Now, she has announced three concerts in March to celebrate its release, USA Today reported.

Brookfield Asset Management Inc. chief executive Bruce Flatt said its growing insurance business may ultimately own the rest of its operations in a move that emulates Berkshire Hathaway Inc.

Disney Entertainment Networks as well as ABC News units. Richard Horrmann, senior vice president of strategic communications for Disney Entertainment Television, told USA Today on Wednesday that this will directly affect less than 200 employees of the company, which represent under 6 percent of the total workers at ABC News Group and Disney Entertainment Networks.

Ontario will impose a 25 per cent tariff on power it sends to 1.5 million homes in Minnesota, Michigan and New York in response to fresh United States levies, Premier Doug Ford announced Tuesday.

NYT Mini Crossword answers for today, we’ve got you covered with all the clues and solutions.

Subscribe to enjoy similar stories. Toy makers are worried, as everything from dolls to board games is about to get more expensive. Hundreds of toy companies, ranging from giants such as Hasbro, Mattel and Lego, down to the smallest tinkerers, gathered at New York’s Toy Fair in recent days with the spectre of tariffs looming large.

India marking the 20th anniversary of the Bengaluru office for the Wall Street bellweather, Goldman Sachs CEO David Solomon spoke with ET’s Arijit Barman, emphasizing that the global economy will remain deeply interconnected despite the rising intensity of trade tariff rhetoric. During his brief one-day visit to India where the firm has invested over $8.5 billion, Solomon will stop at the firm’s Bengaluru campus where Goldman Sachs’ technology engineers and quants are driving innovation—developing systems that span from trade execution and risk management to advancing the immersion of AI with their global colleagues throughout the firm.