New York Financial News

THE LEGENDARY New York art dealer Brent Sikkema was tangled up in an ugly divorce when he got on a plane to Rio de Janeiro before Christmas last year, looking for a fresh start. With its beaches and bossa nova, Rio offered an escape, a rollicking hot spot where the 75-year-old hoped to unwind and have some fun. Brent had long held sway over a cerebral corner of the New York art scene, promoting women and diverse artists in the early 1990s when few galleries or museums exhibited either.

The New York Times and ProPublica reported that former US President Donald Trump could be hit with an IRS penalty exceeding $100 million as a result of a government audit that found he double-dipped on tax losses related to a Chicago building. The claim was based on a years-long audit and public filings. It is anticipated that the results of the investigation may bring attention to Trump’s business background once more as the presumed Republican nominee looks to win back the White House following his defeat in 2020.

Also Read: Google layoffs: It is about taking the time to do it correctly and well, says CEO Sundar Pichai On the other hand, Google Nest easily answered questions related to Nakba. The AI described Nakba as an “ethnic cleansing of Palestinians." "Google Nest can't answer questions about the Holocaust and Jews. "Coincidental error" or deliberate on the part of their software engineers," wrote a social media user on X while sharing the viral video.

cancer diagnosis while devastating, can sometimes help you see life in a new perspective and helps you distinguish who are your true well-wishers and who are fairweather friends. In a recent interview, Bollywood diva Manisha Koirala reflected on her journey of surviving cancer and how the difficult diagnosis and her battle with terminal illness made her confront some rather uncomfortable truths. In a candid chat with NDTV, the ‘Heeramandi’ star said, “It’s been a journey. It has also been a learning experience. I really believed that I had multiple friends. I thought partying together, travelling together, having fun together, people will sit with me in my pain. That was not so. People are not capable of sitting with anybody’s pain, let alone their own pain. We always try to find excuses to not feel pain. We want to escape pain. That’s human nature. I found myself very lonely, and I realised that only my immediate family was around me,” she revealed. The ‘Akele Hum, Akele Tum’ actress revealed that although her community — the Koirala clan was huge and influential in Nepal, almost nobody came to her aide, and the only people who offered unconditional support was her parents, her brother and his family. “ I realised that when everybody leaves me, these are the people who will be with me. My priority is my immediate family, no matter what. They come first in my life, everybody else later..” she revealed.

Joe Biden has made another verbal gaffe during a recent campaign reception in Portola Valley, California, ANI reported. Biden, made an error in referring to North Korean leader Kim Jong Un as the 'President of South Korea', as per the New York Post. Biden's slip-up occurred while criticising his 2024 opponent and Republican candidate, and former President Donald Trump, for his rapport with the North Korean leader.

Joe Biden threatened to pause some weapons shipments to Israel if it invaded the southern Gaza Strip city of Rafah, the devastating effects of one weapon were of particular concern to him. «Civilians have been killed in Gaza as a consequence of those bombs,» Biden said in remarks to CNN this past week. He was referring to U.S.-made 2,000-pound aerial weapons, the largest in the Pentagon's Mark 80 series of bombs.

Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Trump. Through a combination of cost overruns and the bad luck of opening in the teeth of the Great Recession, it was also a vast money loser.

A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper

Consulate General of India in New York has announced that it will remain open throughout the year, including on all holidays, to help and facilitate people's travel to India in case of genuine emergencies. The Consulate said in a press release on Friday that it will remain open during all holidays, including Saturdays and Sundays, as well as other public holidays from 2 pm to 4 pm to address emergency requirements of the general public. The Consulate reiterated that this facility is for people with genuine emergencies and not for regular consular services.

Apple reportedly isn't looking to compete directly with ChatGPT with the new Siri upgrade. Instead, the company is focusing on making Siri better at tasks it already does, such as setting reminders, creating calendar appointments, adding items to shopping lists and more. Siri could also get the ability to summarise text messages.

The betting public is throwing money on Caitlin Clark and the Indiana Fever as the WNBA prepares to open one of the more-anticipated seasons in league history

Living at home as long as possible is preferred by a vast majority of adults over 50

Elon Musk has a way with viral slogans. At a New York Times event on November 29th the world’s richest man was asked how he felt about firms pulling ads from X, the social network he bought last year when it was known as Twitter. “If somebody’s going to try to blackmail me," he replied, “go fuck yourself." The “GFY" approach, as he dubbed it, may come naturally to billionaires.

New York Post, Lukenas passed away on May 2 from "acute coronary artery thrombus" after reportedly working approximately 100 hours weekly over several consecutive weeks. His death occurred just days after the completion of a $2 billion merger he had been working on. Also Read | Quant funds offer refreshing alternative to discretionary investing, says Rajiv Shastri of NJ Mutual Fund The tragic incident has ignited widespread outrage among bankers, who point to the demanding work culture at financial institutions like Bank of America as a contributing factor.

Billionaire investor James Simons, the mathematician and Cold War code-breaker who founded one of the world's most prominent and profitable hedge funds, Renaissance Technologies, has died at 86, his foundation said on Friday. The Simons Foundation did not give a cause of death.

US IPO activity. Since then, listings on New York exchanges by China-based companies have been small and rare. Zeekr’s valuation suffered in the aftermath, too.

Sega Sammy is selling its Japanese resort complex Seagaia to Fortress Investment Group of the U.S. The Japanese entertainment company behind the “Sonic the Hedgehog” video games, said Friday that all of its shares in Phoenix Resort Co., which operates ...

The average taxpayer is getting a $2,852 refund, $75 more than last year

U.S. stocks coasted to the close of another winning week with a quiet, mixed finish

Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment

James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, has died at age 86