New York Financial News

Taylor Swift has been officially recognized as a billionaire, marking a significant milestone in her already illustrious career. The financial publication confirmed longstanding rumours about Swift's wealth, estimating her fortune to exceed a billion dollars, specifically sitting at $1.1 billion. What sets Swift apart is that she achieved this status solely through her music, making her the first artist to do so. Forbes highlighted that while other industry heavyweights like Rihanna and Jay-Z have amassed substantial wealth through various ventures such as fashion brands, alcohol companies, and entertainment holdings, Swift's wealth is primarily attributed to her music career. Her impressive songwriting catalogue and groundbreaking accomplishments, such as staging the first billion-dollar tour ever with her ongoing Eras Tour, have been instrumental in catapulting her into the billionaire club.

Several humanitarian aid organizations have suspended operations in Gaza after an Israeli airstrike killed seven World Central Kitchen workers

Embattled co-working space provider WeWork says it expects to emerge from bankruptcy by the end of May, touting lease-restructuring efforts that it estimates will bring $8 billion in future rental savings

Amazon is removing Just Walk Out technology from its Amazon Fresh stores as part of an effort to revamp the grocery chain

A company that provides services for immigrants in federal detention has been ordered to pay more than $811 million in restitution and penalties in a lawsuit alleging it used deceptive and abusive tactics

Google’s widely used Chrome browser has offered a private browsing mode called “Incognito” for nearly a decade

More and more businesses are taking advantage of the total solar eclipse set to dim skies across North America next week

The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit

General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday

Stocks that are trading heavily or have substantial price changes on Tuesday: Tesla, UnitedHealth Group fall; Roivant, Valero rise

Donald Trump is jealous of Joe Biden after a fundraiser attended by former presidents Bill Clinton and Barack Obama garnered $26 million for the possible Democrat candidate. Quoting an unnamed source, 'Page Six' has reported that the possible Republican candidate plans to hold a massive fundraising event at Madison Square Garden or Yankee Stadium. He also plans to somehow outdo Joe Biden and will allow tickets as low as $100 and as high as $1 million. Trump’s team has already contacted Madison Square Garden about a potential event, but no booking has been made.

GE Vernova, which houses General Electric's (GE) renewable energy, power, and digital businesses on Tuesday said its spin-off from GE is complete and it will begin trading as an independent company on the New York Stock Exchange under the ticker symbol GEV. In 2021, General Electric decided to split its businesses into GE Healthcare, GE Aerospace, and a third unit, GE Vernova.

Donald Trump has posted a $175 million bond in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals

Taylor Swift and her Super Bowl-winning boyfriend Travis Kelce, along with Sydney Sweeney, Ryan Gosling and Timothee Chalamet, are among the nominees for this year’s Webby Awards, recognizing the best internet content and creators

A defect may cause the cars to roll away while they’re parked.

Stocks that are trading heavily or have substantial price changes on Monday: AT&T, FedEx fall; Ballard Power, Semtech

Most U.S. stocks slipped after a surprisingly strong report on U.S. manufacturing raised worries about how much interest rates could ease this year

The theft of sensitive information belonging to millions of AT&T’s current and former customers has been recently discovered online

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

Less than a week after a flashy stock market debut, Donald Trump’s social media company has disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%

Goldman Sachs Group Inc., Barclays Plc, Citigroup Inc. and Wells Fargo & Co., according to Monday’s filing with the US Securities and Exchange Commission, confirming a Bloomberg News report. The company plans to list its shares on the New York Stock Exchange under the symbol RBRK.