New York Financial News

28.02 / 02:09

Citi students show social hospital Schools Colleges New York's Albert Einstein medical school students don't need to pay tuition fees - here's why

United States, and will see the almost $60,000 undiscounted annual tuition fee become zero. The school, and its affiliated hospital the Montefiore Medical Center, are located in the Bronx -- New York City's poorest borough, where health outcomes are some of the worst in the state, according to official statistics.

27.02 / 23:15

markets UPS Chevron Hess Bitcoin reports Stock market today: Wall Street holds steady near record highs

Stocks held near their record levels after a quiet day of trading

27.02 / 23:14

COST Provident economy President show Small business owners are optimistic for growth in 2024

While it seems increasingly unlikely the U.S. economy is headed for recession, small businesses still face headwinds like higher costs and difficulty retaining qualified workers

27.02 / 23:14

UPS Software AutoZone Trade Department Videos AutoZone, Macy's rise; Unity Software, CarGurus fall, Tuesday, 2/27/2024

Stocks that traded heavily or had substantial price changes on Tuesday: AutoZone, Macy’s rise; Unity Software, CarGurus fall

27.02 / 23:13

UPS Provident CEO Fighting Strategy information Department Macy's to close 150 stores as it pivots to luxury at Bloomingdale's and Blue Mercury

Macy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end

27.02 / 23:13

FIVE Action Pool students Swimming Universities Schools Former NYU finance director pleads guilty to $3 million fraud scheme

A former finance director at New York University has pleaded guilty to a more than $3 million fraud scheme that authorities say helped fund a swimming pool and other renovations to her home in Connecticut

27.02 / 23:13

UPS Manufacturing Parke awards community President country EPA awards $1 billion to clean up toxic waste in third cash infusion for Superfund program

The Environmental Protection Agency says 25 toxic waste sites in 15 states will be cleaned up as part of a $1 billion infusion to the federal Superfund program

27.02 / 22:29

Provident Southern show inclusion Department Courts The price of New York Life’s 401(k) lawsuit: $19M

New York Life has agreed to pay $19 million to end a lawsuit over the company’s use of its own investment products in its 401(k) plans.

27.02 / 18:11

markets Manufacturing economy wellness show 2020 reports US durable goods orders slump; business investment on equipment appears soft

By Lucia Mutikani

27.02 / 16:01

UPS Analysis Workday performer information testing Bankers will see three-quarters of workday transformed by AI

Artificial intelligence is likely to replace or at least lend a hand in tasks that take up almost three-quarters of the time bank employees now spend working.

27.02 / 15:22

markets COST Citi pandemic show reports Home prices hit a new all-time high in December

Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on 'The Claman Countdown.'

27.02 / 15:04

markets COST Waves Parke Southern track CPPIB's $1 office tower deal uncovers anxiety among longtime buyers

Canadian pension funds have been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans around the globe to emulate them. Now the largest of them is taking steps to limit its exposure to the most-beleaguered property type — office buildings.

27.02 / 12:45

Manufacturing CEO Experts reports Investigations Cyber Henry Schein forecasts 2024 profit below estimates as cyber attack impact weighs

(Reuters) — Henry Schein (NASDAQ:HSIC) forecast 2024 adjusted profit below Wall Street estimates on Tuesday, as the dental products distributor expects the impact from a cyber attack it reported in October to spill into this year.

27.02 / 12:13

markets Provident FIVE Macy's forecasts annual sales below estimates, to shutter 150 stores

By Katherine Masters and Savyata Mishra

27.02 / 11:31

markets Citi Waves Fox JPMorgan economy reports JPMorgan warns investors should brace for 1970s-style 'stagflation'

Arbor Financial President Jeffrey Small argues that the ‘Magnificent Seven’ stocks will repeat their 2023 run in 2024 during an appearance on ‘Varney & Co.’

27.02 / 08:39

markets supply asset Will index Bitcoin nears first red week in a month as rally loses steam

Bitcoin is down about 1.8% for the week as of 2:15 p.m. in New York on Friday. If the trend continues, it will be the first negative week for Bitcoin since its current rally began in late January. Retail investors enthusiastic about the recent approval of spot Bitcoin exchange-traded funds and the next halving event — which will cut the supply of newly minted Bitcoin in half — have driven up the price of the asset by 25% in recent weeks.

27.02 / 03:35

Ethereum digital assets Investors Bitcoin Bitcoin consolidates at $50,000 with investors booking profits

Bitcoin experienced a surge, reaching the $53,000 mark, but is currently undergoing consolidation around the $50,000 level, primarily due to an uptick in profit booking. Despite facing bearish pressure, Bitcoin remains resilient above the crucial $50,000 threshold, indicating a prevailing optimism among most investors regarding its long-term prospects. Meanwhile, Ethereum achieved a milestone by reaching the $3,000 level for the first time since April 2022. The speculation surrounding the potential approval of Ether exchange-traded funds (ETFs) in May played one of factors driving the recent surge in Ethereum's price.

27.02 / 02:25

markets Compilation security Trade stage information Shein considers London IPO amid US resistance to listing

Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter. Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information.

27.02 / 00:29

Platform Netflix Discover CAT show reports rights Miraculous Season 4: This is what we know about Netflix release date and more

Miraculous fans as Netflix prepares to add another season of the popular show along with a special movie to its lineup in March 2024. Despite the show's complex streaming rights, fans in the United States can look forward to a new season and special hitting the platform soon, as per a What’s on Netflix report.

26.02 / 20:53

COST UPS Strategy reports Wendy’s burger price to go up after Uber-like strategy?

Wendy’s plans to experiment with a surge-pricing system similar to Uber's, wherein prices will vary during the day depending on demand. This implies that the cost of a Dave’s burger might increase during peak lunch hours, as per a report. Under Wendy’s new dynamic pricing strategy, the beloved Dave’s Single burger may see a surge of up to $1 during peak lunch hours, only to revert to its original price afterward, New York Post reported.

26.02 / 19:59

Citi Reuters CEO JPMorgan Citigroup reports International Citi hires banking head from JPMorgan, prompting reshuffle of bosses

By Tatiana Bautzer and Nupur Anand

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