New York Financial News

By Luc Cohen

Navy Joan Roberts in a statement issued July last year, President Joe Biden has once again refused to acknowledge his fifth granddaughter, fathered out-of-wedlock by first son Hunter Biden and Lunden Roberts. According to the New York Post, participating in a Women’s History Month reception at the White House Monday, he said, «I see a future for all Americans, a future for my daughter and my four granddaughters, by the way, they’re incredible.»

By Jonathan Stempel

David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, were found guilty of conspiracy to commit wire fraud by a New York jury on Friday, according to a press release from the United States Attorney’s Office for the Southern District of New York.

Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for the former president to post a bond covering the full amount of his $454-million civil fraud judgment while he appeals.A state appeals court judge ruled last month that Trump must post a bond covering the full amount to pause enforcement of the judgment, which is to begin on March 25.With interest, Trump owes $456.8 million. In all, he and co-defendants including his company and top executives owe $467.3 million.

ALSO READ: Joe Biden roasts Donald Trump at Washington dinner:‘One candidate is mentally unfit and the other is…' | Top 6 quotes In the filing, Trump said that he has approached about 30 surety companies through 4 separate brokers to reach his estimate that “a bond requirement of this enormous magnitude" could require “cash reserves approaching $1 billion." Trump didn’t explain where he got the figure, but surety companies can require collateral far exceeding a verdict to ensure they don’t face any risk. “Diligent efforts since that time, including countless hours negotiating with one of the largest insurance companies in the world have proven that obtaining an appeal bond in the full amount of the judgment is not possible under the circumstances presented," Trump said.

Azure Power Global Limited, India’s first renewable energy company to have listed in the US, is exploring a possible stake sale to a strategic partner or even a complete sale of the business, two people aware of the development said. The company has called a special meeting of shareholders on 20 March at its Gurugram office, according to a 9 February statement. Azure Power, which listed on the New York Stock Exchange in 2016 and subsequently delisted in 2023, has backers in Canadian pension funds Caisse de dépôt et placement du Québec (CDPQ) and Ontario Municipal Employees’ Retirement System (OMERS), which hold 53.4% and 21.4% stake, respectively, in the company.

B. Riley Financial Inc., the boutique investment bank under attack from short sellers about its dealings with a former business partner, failed to file its audited results after an extension period ended. 

(Reuters) — Occupational health services provider Concentra Group, a unit of healthcare company Select Medical (NYSE:SEM) Holdings, said on Monday it has confidentially filed for an initial public offering (IPO) in the United States.

With the cost of college education adding a significant financial burden to millions of Americans each year, particularly in some highly specialized sectors such as health care, is it still prudent to continue formal education after high school?

With the April 8 total solar eclipse right around the corner, U.S. businesses are ready for the celestial event

Stocks that traded heavily or had substantial price changes on Friday: Adobe, Ulta Beauty fall; Madrigal, Intuitive Surgical rise

Federal prosecutors are asking a New York judge to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.”

The federal government on Friday designated an area of ocean off New England for the development of offshore wind in a move that generated cheers from environmental groups but questions from fishermen

Steven Mnuchin is a former U.S. Treasury secretary who said this week that he is interested in buying TikTok, just days after his investment firm led a $1 billion deal to inject life into a beaten-down bank

The United States' largest St. Patrick's Day parades are unfolding

The Schwarzman Animal Medical Center in New York City is one of a handful of veterinary hospitals across the country that is equipped to handle the most complicated cases

Paid loyalty programs are all the rage in the restaurant and retail worlds

(Reuters) -The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico. 

Investing.com-- Shares of listed firms under the Adani Group fell on Monday after Bloomberg reported that the U.S. government had widened its investigation of the conglomerate over suspicions of bribery.

initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks. While the oversubscription does not guarantee a strong performance in the stock market debut, it means the company is poised to at least reach its targeted price range of $31 to $34 per share when it prices the IPO in New York on Wednesday, the sources said. The sources said the marketing of the IPO was continuing and asked not to be identified because the details are confidential.