New York Financial News

The way people navigate traffic can tell us a lot about their respective cultures. Recently, while walking to my office in midtown Manhattan, New York City, I stopped at a red light when an elderly woman with a walking stick caught my attention as she cautiously looked both left and right. When she saw that no car was close enough to hit her—assuming they adhered to New York’s speed-limit laws—she gave me a puzzled look and crossed the street.

By Svea Herbst-Bayliss and Dawn Chmielewski

Shake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history

Stocks are extending their push to record highs in morning trading on Wall Street, led by big gains in chipmakers

Stocks that are trading heavily or have substantial price changes on Thursday: Micron, Broadcom rise; Five Below, Designer Brands fall

Former President Donald Trump’s lawyers are continuing to press appellate court to excuse him from covering a $454 million civil fraud judgment while he appeals

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market

By Davide Barbuscia

Infosys and Wipro declined sharply in trade on Thursday as peer Accenture Plc slashed its annual guidance, suggesting that the overall business environment for software services continues to be soft. The ADRs of Infosys fell 3% to $18.41, and that of Wipro slipped 1% to $5.88 on the New York Stock Exchange.

New York state lawyers are urging an appeals court not to buy former President Donald Trump’s claims that it’s impossible to post a bond fully covering a $454 million civil fraud judgment while he appeals

The Indian HNIs are getting drawn towards branded residences. Lured by their aspiration to own a premium asset and access to superlative services, Indian HNIs are showing newfound interest in branded residences. As per the latest research by SKYE, a hospitality development and consultancy company, India has around 2300 branded residences, a modest share in a global supply that amounts to 26,000 units. However, the segment will soon change gears, as demand is picking up quickly.

Sweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs

New numbers show people are bolting out of New York, according to the latest Census Bureau data.

Mahendra Singh Dhoni's retirement, Virat Kohli's 16-year-itch, the second chance that life has offered Rishabh Pant and Rohit Sharma's bleeding heart will make for intriguing sub-plots in the annual carnival called the Indian Premier League starting on Friday. Dhoni, the 42-year-old evergreen captain, will once again smile wryly when asked if it's his last year. His heir apparent Pant, literally back from the brink after a life-threatening accident, will be desperate to show the world that he can still hit those one-handed sixes with elan. In between, he could also be slipping in those quotable quotes behind the stumps that are considered broadcast gold. Rohit will be the last person to show his scars hidden behind the typical 'Mumbaiya' nonchalance as he gets down to enjoying his evening dates at the Wankhede albeit without the captain's title. The partisan crowd would nonetheless look forward to those pulled sixes.

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market. The company said Wednesday that it had priced its IPO at $34 a share. Shares will begin trading today on the New York Stock Exchange under the ticker symbol «RDDT» in a market debut likely to spur a flurry of commentary on Reddit's own platform, as well as competing social media outlets.

Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion

In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split

The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false

An appeals court in Montenegro has confirmed that cryptocurrency mogul Do Kwon will be handed over to his native South Korea

Stocks that traded heavily or had substantial price changes on Wednesday: Chipotle, General Mills rise; Signet Jewelers, Nasdaq fall

The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.5% this year