New York Financial News

Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a merger currently worth about $5.7 billion. The deal values Trump's majority stake in the company that holds his app Truth Social at about $3.3 billion. The windfall could prove vital as Trump grapples with the financial fallout of a string of legal cases against him, including a $454 million judgment in a civil fraud case in New York. Shareholders of Digital World Acquisition Corp (DWAC), the special purpose acquisition company (SPAC) that plans to list Trump Media & Technology Group on the stock market through a merger, voted in favor of the deal on Friday. While the next step would be for the deal to be completed next week, its future is fraught with uncertainty. Digital World's former CEO Patrick Orlando and former Trump business associates Andy Litinsky and Wes Moss have separately sued to ask for more shares for their previous work on the deal.

Islamic State has claimed responsibility for the massive attack on concert hall in the Russian capital that left at least 40 people dead and over 100 wounded, CNN reported. A group of armed men stormed into Crocus City Hall concert venue in Moscow and opened fire and detonated explosives among the crowd on Friday (local time).

Netflix has partnered with renowned playwright Abi Morgan for 'Eric,' a gripping thriller set in 1980s New York. The limited series, headlined by Benedict Cumberbatch, promises to deliver a captivating narrative that will keep viewers on the edge of their seats. Creator

By Caroline Valetkevitch

The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper

Donald Trump is returning to the stock market

Wall Street is easing off its record highs but is still heading toward the close of its best week for 2024 so far

Stocks that are trading heavily or have substantial price changes on Friday: Nike, Lululemon fall; FedEx, Star Equity rise

If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year

More than 440,000 Starbucks-branded mugs made by Nestle and sold during the winter holidays are being recalled after reports of some users receiving burns or lacerations

Reddit Inc's (NYSE:RDDT) stock price fell over 7% Friday, a day after the social media platform made its long-awaited market debut.

By Helen Coster and Svea Herbst-Bayliss

Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been leading the charge to get employees into the office more often, but it’s their smaller industry peers who are more likely to demand full-time on-site work.

social media company Reddit was up nearly 50% on the New York Stock Exchange Thursday in a stellar market debut that has given hope to the companies gearing up to go public. Shares of the San Francisco-based company debuted at $47 on the New York Stock Exchange on Thursday, up from the IPO pricing of $34, the top of the company's indicated price range. The stock closed at $50.44.

Stock market today: After weak guidance delivered by Accenture, the share price of the global IT major crashed over 9 percent at the New York Stock Exchange (NYSE). This led to a drop in the ADR (American Depository Receipt) shares of the Indian IT majors Wipro and Infosys. Accenture share price witnessed a sharp sell-off after the IT giant revised its full-year revenue growth expectation to 1 percent to 3 percent, which is lower than the early estimates of 3 percent to 5 percent.

Mason Rothschild, the artist behind the controversial MetaBirkins NFT, has been banned from showcasing the pieces at a museum exhibition for Stockholm-based Spritmuseum after Hermès won a trademark lawsuit against them, court documents from March 13 revealed.

By Clark Mindock

Lionel Messi's Inter Miami will play New York Red Bulls in Major League Soccer (MLS) match on Saturday. Inter Miami won three out of five matches in the regular league and have 10 points. NY Red Bulls have seven points after winning two out of four games. Inter Miami versus New York Red Bulls MLS game will be played at Red Bull Arena – Harrison, N.J. The kick off is scheduled at 2 pm (ET) on Saturday, March 23. Soccer fans can watch Inter Miami vs New York Red Bulls soccer game at MLS Season Pass on Apple TV.

By Niket Nishant and Echo Wang

By Alden Bentley, Alun John and Tom Westbrook

Reddit soared in its Wall Street debut as investors pushed the valued of the company close to US$9 billion seconds after it began trading on the New York Stock Exchange.